As for 200 bucks for 10gh no one sells that anywhere but I did go in on a group buy and I am getting 10gh for 360 usd .
FYI:
https://www.kncminer.com/Cloudhashing is buying units from them.
Jupiter = 350GH/s = $7,000 = $20 x GH/s = $200 x 10GH/s
It will be very easy to see if cloudhashing is a scam by viewing this thread and seeing how they pay my contract as i said I got a july contract so come july see how they pay me. I will post the results.
I think you are not getting what "ponzi scheme" means. Old investors get paid with the money of new investors so more people get sucked in because everybody is speaking about how good they pay, until the scheme collapses. I'm quite sure cloudhasing will pay at the beginning, because a ponzi scheme is so much more profitable than a "hit and run" scam. They will just use the huge markup they have per machine to keep paying investors (each 350GH/s unit costs $7,000 and they are selling it for between $52,000 and $35,000 depending on the plan you choose). They will use YOUR money to pay OTHER folks, until the NEW money runs out - then the scheme collapses and they made huge profits, while their customers are left holding the bag.
Fools and their money are soon to be parted.
I have a degree in accounting and work for the IRS. My family has a long history of forensic accounting work my brother is a CPA my wife is a retired revenue Agent as is my mother. Ponzi schemes are not unknown to me. While you are assaulting this company with no mercy and no proof my plenty of accusation I put my name and my money on the line to test them out. While you may have 2000 plus posts and while you may be correct that they are a bad deal you have done nothing but make up future projections of network hash rate and difficulty that no one knows are right or wrong.
Tell me will it rain at 11 Am on sept 1st in New York City, The answer is ?
Tell me the hash rate will be 800 th with a difficulty of 80 million on the 1st of sept. The answer is ?
So calling these people a ponzi scheme correct the answer is ?
Calling BTC a ponzi scheme the answer is ?
In all cases the same answer maybe yes maybe no.
I will give you something: Cloudhashing *might* not be a ponzi. There's only another option:
They are blatantly lying to their customers about a fairy-tale return
that will never happen. They are selling hardware at x5 or x8 mark-up depending on the contract (plus 10% commision) and advertising a fairy-tale projection they know for sure that will never happen to suck in ignorant customers. The best thing it can happen to their customers? Break-even. But then, this would be just a "hit-and-run" operation (but a very profitable one, just make the calculations), because as soon as investors realize they are barely recouping their money and the advertised 500% return is utter bullshit, no new investors will be sucked in. That's why I believe that greed will take over and that they will start running this as a ponzi, but I give you that they may not: in any case, lying to your customers
advertising an impossible return is a scam in my book, even if it may not be "illegal".
About your question: difficulty projections are not like weather forecasting. You can be 100% sure that the difficulty won't be 20 million in September. You can be 100% sure that difficulty will GROW during the following year, it won't be constant as the cloudshare dumbass assumed in the calculations he posted to "demonstrate" how they arrived to the 50BTC per 10GH/s estimation. And BTW, that's a huge red flag (posting that dumbass calculations), I would be extremely worried if I were you.
They have no business plan whatsoever, if you are actually mining you know you won't never ever generate 50BTC with 10GH/s deployed in September, and the fact they say that they will reach that goal by investing 30% of the monthly profits of those 10GH/s makes it even more ridiculous. It's
impossible.
Mining is a complicate business. A lot of folks don't understand the variables, how high the difficulty is going to go as soon as KnC or BFL deliver, they have just seen the insane profits Avalon batch #1 customers and ASICminer shareholders and think mining is a goldmine.
Well, listen carefully: mining was never a goldmine - it's a very competitive business in which you have to fight for pennies. If there are a few folks that made huge returns in the last months, it's just because a new disrupting technology arrived to the market (ASICs), and the very few who had this technology had a very big advantage on the folks mining with GPUs or FPGAs. In September
you are not going to get a 500% yearly return with hardware bought with x8 markup. In that case, sorry to tell you man, all Jupiter customers are going to be
filthy rich, as each one of their units will mine 1,750BTC per year (just reinvesting 30% of the profits, LOL), and they only paid $200 per each 10GH/s. But I'm telling you:
that's not going to happen. More ASICs will arrive to the market, fewer returns there will be. You simply do not get 50BTC from 10GH/s deployed in September, this is hard math. Then, you ask if difficulty will be at 80 million in September?
Well, you can be pretty sure that if KnCMiner ships, difficulty will be 80million or above. And BTW, this guys are buying from KnC.