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Topic: is cloudhashing.com a scam?? (Read 46858 times)

newbie
Activity: 31
Merit: 0
September 17, 2014, 07:40:26 PM
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.
This.


+ 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:

So let me get this right:

You have ordered 4 machines in total that cost about $120k.

They produce a total of 6T/Hash (allegedly).

You are selling 5 G/Hash indefinitely for $1k each.

In total therefore you are asking up to $1m for something you paid $120k for.

These machines don't even exist and have never even been proven to have existed.

Quite brilliant - well done!

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.



You can't beat math...
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
September 16, 2014, 10:59:11 PM
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.
This.


+ 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:

So let me get this right:

You have ordered 4 machines in total that cost about $120k.

They produce a total of 6T/Hash (allegedly).

You are selling 5 G/Hash indefinitely for $1k each.

In total therefore you are asking up to $1m for something you paid $120k for.

These machines don't even exist and have never even been proven to have existed.

Quite brilliant - well done!

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.


hero member
Activity: 519
Merit: 500
September 16, 2014, 03:06:12 PM
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.
This.


X3  Sad
msc
sr. member
Activity: 284
Merit: 250
September 15, 2014, 03:32:37 PM
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.
This.
hero member
Activity: 840
Merit: 1000
September 14, 2014, 06:08:11 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )

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 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.

May, huh? I hope you have made ROI by now because if you didn't you will never get there.
What you think you should get and what you actually get are two different things at cloudhashing.com
hero member
Activity: 924
Merit: 1000
September 14, 2014, 04:24:13 PM
I remember when cloud hashing just started, they were promising that you would make X amount of bitcoin with X amount if investment within one year.. There was no way they could meet those numbers, it was false advertising. I emailed them a few times to educate them on difficulty, etc. they just blew me off..

You will never get your ROI on any legit cloud mining service.. Most are ponzi schemes as Gavin said. I dont think Cloudhashing is, but PB is 100 percent scam...

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. Should have stayed with the fpga, that was actually very profitable. but not since the asic race took off. Buy and hold.
legendary
Activity: 1890
Merit: 1031
September 14, 2014, 03:52:32 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )

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 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.

Nonsense, I infested in the first cloud Batch, they promise at least 11 bitcoin.  untill now i got:  0.76 BTC
legendary
Activity: 1890
Merit: 1031
September 14, 2014, 03:48:41 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )

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.





omnidirectional scum hahahaha lol (google: 0, similar results)
full member
Activity: 168
Merit: 100
September 14, 2014, 03:45:35 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )

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 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.
hero member
Activity: 840
Merit: 1000
September 14, 2014, 12:58:20 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )

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.



legendary
Activity: 2016
Merit: 1107
September 14, 2014, 12:40:23 PM
not a scam Smiley
but there are much better cloud services on the market

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.



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% )  )
hero member
Activity: 840
Merit: 1000
September 14, 2014, 03:01:22 AM
not a scam Smiley
but there are much better cloud services on the market

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.

legendary
Activity: 1890
Merit: 1031
September 14, 2014, 02:40:09 AM
not a scam Smiley
but there are much better cloud services on the market

Here you can read the top 5, a English translation can be found here

NR 1 ♛ Hashlets van GAWMiner
NR 2 ♛Genesis Mining (Voucher code MOON -5%)
NR 3 ✪ PB Mining
NR 4 ✪ ZeusHash: Voucher code raf0a10901b -$3 (1x te gebruiken wees snel)
NR 5 ✪ CEX.io
legendary
Activity: 2016
Merit: 1107
September 14, 2014, 02:32:30 AM
not a scam Smiley
but there are much better cloud services on the market
legendary
Activity: 1526
Merit: 1000
March 26, 2014, 11:31:01 PM
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.

And if coins go up to 10k each you would be better served to take the money you were planning on giving to cloudhashing and buying coins today.

Mining is silly until the crazy arms race of miners slows down, and that probably won't happen until people stop preordering because there is no incentive for the companies to stop until then.
legendary
Activity: 1890
Merit: 1031
March 26, 2014, 03:03:36 PM
Hmmm, watch the video below, checked the price, i am not sure 85GH/s will make earn my money back.
Maybe if i change it to switch pool other sha256 coins i will  Smiley
https://www.youtube.com/watch?v=YEEbLZA4qnQ

Or go for CEX?
Seems lot cheaper is it not? Can trade there to, i want to mine eMark  Roll Eyes
https://www.youtube.com/watch?v=ebIWBPVubOI
newbie
Activity: 5
Merit: 0
March 23, 2014, 02:18:01 PM
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.
hero member
Activity: 840
Merit: 1000
March 23, 2014, 07:36:36 AM
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.



LOL.,., ok. noted Smiley
newbie
Activity: 8
Merit: 0
March 20, 2014, 03:57:23 PM
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.

hero member
Activity: 840
Merit: 1000
March 19, 2014, 04:04:33 AM
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.



You are deluded. Even if you pay in fiat you will not make return on investment.
Who the hell is kensingtonlabs anyway? You're not pretending you're representing http://www.kensingtonlabs.com/, are you? Noone would believe that.
3 posts on bitcointalk and posting about how you can make a roi with cloudhashing?
I would say you're a shill for cloudhashing and part of their scam.

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