Topic: is cloudhashing.com a scam?? (Read 46870 times)

+ a million

I've been warning people about Cloudhashing since April 2013. I have 2 posts on the first page of their thread claiming scam, and spent my time posting many posts in the first few pages of their thread trying to make my point. This was my 3rd post in their thread:

This.

Exactly... even if he is not a "scammer" in the true sense of the word (which I'm not fully convinced he isn't yet), he is still a scammer for his price gouging.

Taking money from innocent newbies that don't realize they are paying way too much per Gh AND they will get the hardware AFTER almost everyone else that already has preordered when the difficulty is sky high. On top of that, he is pushing the fact that BFL will have these out by June... anyone that knows anything about BFL knows that is not going to happen.

No one is going to make any money on this other than cloudhashing themselves.

This.

Its better to invest in bitcoin and hold. I would have bee a millionaire many times over had I took my own advice.. but no, i had to get into mining.

 I disagree. I invested 5 figures with them in early May, and payments have been steady. As with mining, the variance lies with luck- sometimes they find a few blocks in one day, sometimes not for a couple days (rare). At the rate it has been going, with future difficulty increases included, I should make about 20-25% profit on my investment, but that does not account for the inevitable increase in bitcoin worth.
  Do not label Cloudhashing a scam. You are INCORRECT.

 I disagree. I invested 5 figures with them in early May, and payments have been steady. As with mining, the variance lies with luck- sometimes they find a few blocks in one day, sometimes not for a couple days (rare). At the rate it has been going, with future difficulty increases included, I should make about 20-25% profit on my investment, but that does not account for the inevitable increase in bitcoin worth.
  Do not label Cloudhashing a scam. You are INCORRECT.

I don't agree,.., with cloud hashing you will lose money for sure. With a casino you have a chance of winning.
So it's actually worse than a casino.

Also, they either got hacked or sold their email address list to criminals because i get java malware phishing attempts on the email address i registered there.

Cloudhashing are omnidirectional scum.
They are scum from every side you look at it.

I don't agree,.., with cloud hashing you will lose money for sure. With a casino you have a chance of winning.
So it's actually worse than a casino.

Also, they either got hacked or sold their email address list to criminals because i get java malware phishing attempts on the email address i registered there.

Cloudhashing are omnidirectional scum.
They are scum from every side you look at it.

agree
they do pay tho,almost all cloud services with prepaid time limited contracts
basically  are casinos where you bet on Bitcoin price/difficulty and the house edge is 10%+(sometimes 100% )  )

They can decide your earnings without any way for you to check or change.
Most of their hashrate is mining for themselfs but is payed for by customers.
They are pretty much a scam.
They just have a layer of non-scam to hide their business.
I think that most people made less money from them than they would if they just bought bitcoins at market price.

not a scam
but there are much better cloud services on the market

not a scam
but there are much better cloud services on the market

You'd have to be a complete idiot to think cloud hashing from any company will earn you money complete non-sense in a few months unless bitcoin goes up to $10,000 mining will already be a prehistoric concept.

Cool your fucking jets moboDICK....KensingtonLabs is simply the name of the modest little scrypt mining crew me and a few friends put together.

I've been following this thread since it was started....I AM a CUSTOMER who got scammed by scamhashing's bullshit advertising. As mentioned I should have known better. I'm not trying to get into a pissing match with some numbnutz...I was simply giving my honest opinion. Buyer fucking beware, don't spend bitcoins on mining contracts thinking your going to make MORE bitcoins. If I would have spent $350 on mining contracts in CASH with cloudhashing back in june of last year I would have made a USD ROI, but that would not be true if BTC was still only worth $150. I was giving my story you fucking moron. I'm in no way a shill or a representative of scamhashing. As far as im concerned I hope the whole fucking P.O.S. operation goes up in flames (as soon as my contracts are up)

So in closing....FUCK YOU SCAMHASHING, FUCK YOU VERY MUCH, BURN IN HELL.

KensingtonLabs purchased mining contracts from cloudhashing back in May of 2013 that were suppose to start in June, then they didn't start until July, and when it started it was only at 25% of full capacity or some crap like that. We spent a total of 3.5 BTC (because back then BTC was the only way to pay) and at this point have only earned back .4 BTC. It's pretty safe to assume that by the time our contracts are up we will have nowhere near close to the 3.5 BTC initially invested.

It was our own fault, we fell for the flashy advertising on the site. They basically said 1BTC would earn 5BTC over the year contract. We should have known better, but we fell for it. We got scammed and would have been better off holding our BTC.

Now...if you are paying with credit card (which is currently an option) you will get a decent service. It's a little bit pricey, but you ultimately will see ROI. Whatever you do though DO NOT EVER BUY BITCOIN MINING CONTRACTS WITH BITCOIN, YOU WILL NEVER GET BACK AS MUCH BITCOIN AS WHAT YOU PUT IN. This company is notorious for delays, and spending all their funds on advertising. They also recently added a customer support team to deal with pissed off early customers like us who constantly e-mail them saying "what the fuck guys...what the fuck"

So in short, cloudhashing is not technically a scam, but anyone thinking they are going to spend bitcoin to make bitcoin should just hold instead.