Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 83. (Read 361607 times)

What do you know, hashie suddenly doesnt look too healthy either. Problems with payouts and operator is posting encoded message that contains lyrics with "Conceal, don't feel, don't let them know
Well, now they know!'.

^^

And why not? Because they dont own a smartphone with camera or because they dont have it?

It's just a presentation. How much they have, probably we never see.

For scrypt based altcoins, the difference between GPU and asic isnt nearly as big as for SHA. Im no expert in altcoin mining, but afaik, GPU's will be cheaper per MH  while efficiency is only 'a bit' worse (factors, not orders of magnitude). So if you have really really cheap electricity, it could make sense.

Here is the problem though: they claim to mine with 7970's, which would yield ~700Kh each. They have sold over 6000MH. Thats ~8500 of such GPU's. SO seeing 60 in a picture doesnt exactly convince me. In the early days of bitcoin mining, many of us had larger private farms.

Interesting to join in this thread, very helpful for beginners such as me to know where to invest in cloudmining regardless of whether or not it lengit  . This thread should get support from those who have long struggled in the world Bitcoin  regardless of the purpose to reduce the number of victims because of their ignorance (because they tempted the high profits obtained in the shortest time according to the perverse argument of the provider CloudMining) but directs to think carefully before entering into it.


read it from the beginning is not something boring for a useful information 

Yes, i've understand first post.. i'm just looking for words to comment this.. but it's better if i just cross my fingers.. 

It was shown at one of the conferences that where done and hash profit where their in person sowing one of their mining rigs. How on earth their making such profits with stuff like this is beyond me but its paying its all I know.

It looks like part of the mine. Am I right?

hashprofit seems ponzi enough wit the amount of people on it and the amount of discounts they continue to provide with no real info on what their actually doing other than collecting BTC. I don't quite understand how their Hash rate compared to real hashing they provide more of a higher payout. Am not bothered about this because it is paying. But the question needs to be asked how long it going to continue to make payments for tho.

Image from
Bitcoin Conference St.Petersburg



Makes you wonder how their actually making anything to actually pay customers if using GPUS but then again theris a fair few coins to mine with GPU

you can always surprise me respect!

No. 7 now applies to ltcgear. After the recent server migration, it's not possible any more to transfer shares,
so no way to sell a position except for disclosing the login credentials.

So randomly turning your website on and off to provide cover for delayed payouts is now considered a proof of legitimacy?

Try to think now in your way but from other side.. Why Hash Profit was attacked all day by DDoS? It looks like someone is affraid of them.. Or you gonna say thats "gang war"?

That post is actually another reason I think they are on the brink of collapse. Maybe they will 'surprise' me, by doing what I predicted earlier:

https://bitcointalksearch.org/topic/m.9952743

But that was before 75% discounts, before their scam coin collapsed and before they claimed attacks on the payout system and whatever.

Let's wait till monday:

Hash Profit official:

"24.12.2014 14:18
29th of December 2014 Hash Profit company will make a presentation of new ASIC datacenters which are located outside the Russian Federation and that's why they can be shown to our clients and partners with ease.

Presentation of GPU datacenters located in Rissia wasn't take place due to security reasons and for to hashrate demand would be equabe and our service could support high yields levels of newly embedded hashrate.

There are less than 200 000 Kh/s of GPU SmartMining hashrate available. We want to congratulate all of our users for successful cooperative work of development and popularization of HP service in 2014.

We're announcing our plans on 2015 year!

Increase our users' number to 500 000 in 1st quarter of 2015.
Become one of the TOP-10 biggest mining companies in the world.
Increase ProfitCoin market cap to $5 000 000
We're sure that together we can achieve everything, because we did "impossible" through 2014: from a unknown group of miners we grew to became a company which takes 2nd place in Russia counting all the main measures (BTC-E exchange service is taking the 1st place).

ProfitCoin exchange rate was changed today and right now is 1 PFC = 11 Kh/s. You can buy or exchange ProfitCoin very easy on a C-Cex exchange service.

Dozens of lead cryptocurrency companies desire to work with us.

We're constantly carry on negotiations and develop new tools which will be shortly available to all cryptocurrency community. The main profit will gain our partners and clients, of course.

Our main benefit from now on is not just high effective mining but the fact we've gathered and unite a huge amount of people (more than 200 000) who look further and who holds the future in their hands.

We'd like to inform our users that right now our service is constantly being tried to hack and compromise and we're experiencing massive DDoS-attacks (distributed denial of service) due to our high popularity. We're tracing dozens of attempts to penetrate daily. Our users getting emails from malefactors more often with "free bonuses" and "interesting offers". Be aware and careful - all of our promos and bonuses announced in "News" section of the site. Malefactors often redirects users to a visual fake copy of our site to try and steal your login and password. Always check the spelling of site's address (URL) and secure connection presence via the HTTPS.

It's highly recommended to use two factor authentication feature on our site and other precautions that can lower the chance of your account personal info to be stolen."

Hashprofit may be on the brink too. 75% discounts seems rather desperate, their own scamcoin plunged towards nothingness, and now claims of being hacked:
https://hashprofit.com/en/news/vnimanie-na-servis-hp-vedetsya-khorosho-skoordinir/

Interesting. But we will need a few more collapses to trigger an avalanche of people waking up and stop feeding those ponzi's, which will cause even more collapses. Cant happen soon enough, and in particular I hope a few young ponzi's collapse before even day 1 investors came close to profiting. From collapses of older ponzi's like pbmining and presumably ltcgear, I fear many will learn the wrong lesson, namely that you have to get in early.

Ltcgear.com can be now reclassified as collapsing ponzi. First there were missing payments last week https://litecointalk.org/index.php?topic=23938.0
(including owner's request not to post amounts 'in order to protect their accounts' but more probably to hide the size of operation. Before people started removing numbers well over 200 BTC owed was posted) then transfering shares between accounts has been disabled and the site owner came with classical 'site hacked' story (this time called 'unauthorised modifications to database') with plans to switch weekly payments to payment on demand and other fairytales.See his website http://ltcgear.com/

As the site owner is very creative as next step I expect claim that database can't be recovered but he will offer some ultra high discount for people to buy new 'shares' to recover from losses and they will buy like crazy again

Be careful with your doxxing efforts, while I'm sure you're intentions are well meant; you could have the wrong people and causing all sorts of problems for individuals who haven't done anything wrong.