Signature campaign name: Xive.io
Overview topic link: https://bitcointalksearch.org/topic/overview-of-bitcointalk-signature-ad-campaigns-last-update-01-jan-23-615953Signature campaign link: https://bitcointalksearch.org/topic/xiveio-signature-and-avatar-campaignclosed-5349727Problem (title): "Cloud" mining service detected!
Problem (discussion): Well I don't know if you have the same itching that I have when I see some cloud mining service popping up. I don't have a problem with the campaign itself since it is managed by yahoo which is a reputable member but with the lack of information I got trying to figure out details and reviews about the service. I didn't find also a topic here about it, if anyone could find it, you can share it with us. Basically you can buy a contract from many options provided, cheaper ones for less than 7 days are sold out and the others start from +$400 for 1-2 years.. Site created 3 years ago? Service is in Kazakhstan? Should it be trusted? Should members here support a cloud mining service and wear its signature? I am raising a red flag until I have a clearer vision of the situation..
Their website is about 3 years old. There are a lot of red flags on their website. They don't appear to have any presence on bitcointalk, but appear to occasionally market themselves here.
I posted in the sig campaign thread, asking yahoo about his due diligence, but he has yet to respond.
Using criteria from
▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁, there are few red flags. But i would advice strong precaution.
1) No public mining address / no user selectable pool.
No?. Looks like you can choose any mining pool, but i can't verify it without buying/rent something.
2) No endorsement from any asic vendor
Yes.3) No relevant pictures of their hardware and datacenter
Yes? There's no relevant image found using this keyword on Google/DDG image search.
4) Open ended IPO / fractional reverse mining risk
Yes?, although there's limit of available ASIC/contract, but there's no way to verify it since i didn't find any relevant picture of their hardware and datacenter.
5) Referral programs and social networking
No? There's no relevant page found using this keyword on Google/DDG.
6) Anonymous operators
Yes. I can't even find "About us" or "Legal" page.
7) No exit strategy
Yes? The FAQ doesn't mention it's possible to sell the contract/ASIC.
8) Bonus point for "guaranteed profit"
No. All i can find is Bitcoin Mining Profitability Calculator.