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Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 96. (Read 361524 times)

yvv
legendary
Activity: 1344
Merit: 1000
.
Hi I want to ask something.

You're saying Amhash is legit but when I want to buy some hash from amhash, it redirects me to hashie.co which is marked as ponzi.

So, is hashie.co legit or ponzi?

Hashie is not ponzi. They were selling real hash power from amhash, but suspended it until December 10. It is just a crappy service imo.

You can buy amhash shares from hevelock starting from December 10. They announced IPO for 1Phs.
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
Hi I want to ask something.

You're saying Amhash is legit but when I want to buy some hash from amhash, it redirects me to hashie.co which is marked as ponzi.

So, is hashie.co legit or ponzi?
yvv
legendary
Activity: 1344
Merit: 1000
.
i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.

Mining is always wise, since bitcoin and other crypto coins can't work without mining. It is just unprofitable from time to time.
legendary
Activity: 2912
Merit: 1060
i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?
legendary
Activity: 896
Merit: 1000
i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.
legendary
Activity: 980
Merit: 1040
full member
Activity: 475
Merit: 100

chabatmining.com

1+2+3+5+6+7 Ponzi
sr. member
Activity: 462
Merit: 251
As I can see here u have listed GAWminer and Genesis-Mining as Probably Legit. Maybe, according to your criteria, they are. But, I'd request to u to check the following threads to get informed about the actual picture.


i. https://bitcointalksearch.org/topic/gawminerszencloud-scam-and-lies-809563
ii. https://bitcointalksearch.org/topic/stay-away-from-gawminerscom-paycoin-paybase-mineral-scam-875487
iii. http://www.reddit.com/r/BitcoinMining/comments/2enhh4/genesisminingcom_is_a_dishonestly_run_business/

Next time read the threads before repeating FUD. Don't just link them because you saw the word "scam" in the topic. This is one of the posts from the first link you posted:

you sold 5 mh/s of Zen for $90 but wanted to post them for $900 ?  so you leave GAW CEO negative feedback for it ?  lol  you should thank them.  you came out way ahead.  the zen are selling for $10-12 each now.  

i never thoroughly read your post till now.  i thought you sold a larger lot size.  seems to me like your moaning and groaning over nothing.  put on your big pants.  there are folks that actually did have mistake sales where they sold 900 zens for $18 total.  IMO you should give negative feedback when it is deserved.  seems to me like you jumped the gun.  

my .02


I am not sure why the OP is even still on default trust (especially after two long standing very reputable members were removed from default trust for much less of a questionable feedback). The OP is clearly trying to scam GAW by trying to get them to pay him an over market price of the hashlets he was "selling"
legendary
Activity: 980
Merit: 1040

The other reseller is havelockinvestments.com


havelock is a secondary market, there are no IPO's there right now for amhash, and non planned that I know off. Not that havelock is beyond scrutiny
yvv
legendary
Activity: 1344
Merit: 1000
.

AMhash is a cooperation between asicminer (AM) and RockMiner. Both are well known, especially AM, which is one of the first companies to produce bitcoin asics. There is no real doubt AMhash is "real", in the sense that they have the hashrate. Not only do have the endorsements, photo's, most importantly we have public mining addresses for them. The big problem IMO with AMhash is the reseller, which currently only is hashie which is at best shady.

The other reseller is havelockinvestments.com
legendary
Activity: 980
Merit: 1040
As I can see here u have listed GAWminer and Genesis-Mining as Probably Legit. Maybe, according to your criteria, they are. But, I'd request to u to check the following threads to get informed about the actual picture.


i. https://bitcointalksearch.org/topic/gawminerszencloud-scam-and-lies-809563
ii. https://bitcointalksearch.org/topic/stay-away-from-gawminerscom-paycoin-paybase-mineral-scam-875487
iii. http://www.reddit.com/r/BitcoinMining/comments/2enhh4/genesisminingcom_is_a_dishonestly_run_business/

I suggest you read the entire line about GAW.  in case you cant scroll horizontally its rated "4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field".

As for genesis mining; I only see an accusation of shilling or sock puppetry. That sort of behavior wouldnt surprise me one bit from any company on my list. I make no attempt to judge company ethics, the disclaimer defines legit as " All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate." If you have evidence that undermines that claim for genesis mining, or my rating for it,  Id love to see it.
legendary
Activity: 980
Merit: 1040
Thanks for putting this up.  I am considering investing in cloud mining and this list is helpful.  I'm surprised about Zeus.  Aren't they a vendor also?  If so do they qualify for a 2? 

The list is mostly targeting bitcoin (sha), as I dont really follow the altcoin scene. Zeusminer does sell scrypt machines. but I have not seen any compelling evidence for the SHA mining contracts they sell. If there is any, please link it.

Quote
Are AMHash legit.  They don't look it?  What evidence is there that are legit?

AMhash is a cooperation between asicminer (AM) and RockMiner. Both are well known, especially AM, which is one of the first companies to produce bitcoin asics. There is no real doubt AMhash is "real", in the sense that they have the hashrate. Not only do have the endorsements, photo's, most importantly we have public mining addresses for them. The big problem IMO with AMhash is the reseller, which currently only is hashie which is at best shady.
newbie
Activity: 1
Merit: 0
Hi,

Thanks for putting this up.  I am considering investing in cloud mining and this list is helpful.  I'm surprised about Zeus.  Aren't they a vendor also?  If so do they qualify for a 2?  Are AMHash legit.  They don't look it?  What evidence is there that are legit?

Thanks
legendary
Activity: 980
Merit: 1040
I do believe they are all exits for the creator.

As is any for-profit company. But we dont call them scams unless they fail to comply with their contractual obligations. The purpose of this list is to help determine how (un)likely it is an operator will honor the contracts its selling, not to determine how (un)profitable those contracts may be, either for the seller or buyer.

Quote
For example, petamine has cash in hand from the ipo on havelock. They have no incentive to maintain mining and that's where customers become the sheep. The mining has 0 profit. The remaining pumpers trade the actual "stock". The actual mining has no value. They even spread lies it would switch to p2pool to increase the stock price.

I don't think you are trying to mislead anyone but you haven't understood how deep these scams go. Or where the incentives and exits are.

No offense, but if you actually followed the petamine thread, you must have noticed I was one of the only people there that actually understood what was going on and quite accurately predicted what was going to happen. So dont tell me that I "dont understand".

Peta was a hugely overpriced IPO, but you can not blame the issuer for market demand. You are also mistaken in your assumption the p2pool switch rumor was to boost price; the operator holds no shares in peta, he has no incentive to boost the price post IPO. Its silly investors who thought that rumor was somehow going to boost the price, in reality switching to P2Pool would have been a really stupid decision, shareholders should be grateful he did not.



legendary
Activity: 2912
Merit: 1060
All of them are scams. What's so hard about hodling Bitcoin? Any time you give someone your Bitcoin, you just begin begging for it back.

They may all be bad investments, that doesnt mean they are all the same. Unlike you I do see a big difference between an anonymous scammer who's sole intent is to steal your coins the moment his ponzi implodes and a real, identifiable company thats selling provable hashrate that may or may not yield a profit, depending solely on future difficulty. Read the disclaimer too.

I do believe they are all exits for the creator. For example, petamine has cash in hand from the ipo on havelock. They have no incentive to maintain mining and that's where customers become the sheep. The mining has 0 profit. The remaining pumpers trade the actual "stock". The actual mining has no value. They even spread lies it would switch to p2pool to increase the stock price.

I don't think you are trying to mislead anyone but you haven't understood how deep these scams go. Or where the incentives and exits are. Cex.io mining shares were way above market value, what they could mine, because the shares were being pumped and dumped. The actually mining wasn't even taken into account.
legendary
Activity: 980
Merit: 1040
All of them are scams. What's so hard about hodling Bitcoin? Any time you give someone your Bitcoin, you just begin begging for it back.

They may all be bad investments, that doesnt mean they are all the same. Unlike you I do see a big difference between an anonymous scammer who's sole intent is to steal your coins the moment his ponzi implodes and a real, identifiable company thats selling provable hashrate that may or may not yield a profit, depending solely on future difficulty. Read the disclaimer too.
legendary
Activity: 2912
Merit: 1060
All of them are scams. What's so hard about hodling Bitcoin? Any time you give someone your Bitcoin, you just begin begging for it back.
legendary
Activity: 980
Merit: 1040
hashie is endorsed by ASICMINER, they sell AMHASH shares at hashie and it's linked from their website

Please reread the post above yours carefully. Then if you can find any endorsement of any kind for their "Generation 1", please do link.
full member
Activity: 155
Merit: 100
hashie is endorsed by ASICMINER, they sell AMHASH shares at hashie and it's linked from their website
legendary
Activity: 980
Merit: 1040
I edited the OP to make clear that hashie's entry is about what they call "gen 1". Thats hashrate they have been selling since inception, and still sell,for which there is no shred of evidence, and no endorsement from anyone. In fact, its quite remarkable how hashie tout the provability of AM1 and remain utterly silent on the question of provability of their own hashrate. Unless you accept their logic that because they charge maintenance fees, it has to be legit (Im not kidding).

AMhash have stated they will back the contracts sold through hashie, so your main concern there is AMhash's credibility. Although you should wonder what happens when you place an order through Hashie and they dont pass it on. I sure would ask that question to Amhash before placing an order.


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