LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 63.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: Danz0r77 on March 03, 2015, 06:08:45 AM

Quote from: dyask on March 02, 2015, 05:07:50 PM

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example! I have never seen a scam that was remotely close to that. When the scanner run they hide.

HashProfit - Their website still says they are working on it
PBMining - Paying out tiny amounts to stay protected
GAW - I'm sure you know all about this

Phase 3 will last as long as it needs to until all investors have accepted the loss.

All the above are pretty much accepted as scams by most people in the community, but for some reason LTCGear is not, even though they are in the exact same situation.

I agree probably the majority of scams involve the perpetrator just running and hiding - but it all depends how many people / how much money is involved.

and ltcgear still struggling with its crazy web modification and user cleaning up database, wonder how long this trick gonna pull up

Danz0r77

hero member

Activity: 574

Merit: 504

Quote from: dyask on March 02, 2015, 05:07:50 PM

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example! I have never seen a scam that was remotely close to that. When the scanner run they hide.

HashProfit - Their website still says they are working on it
PBMining - Paying out tiny amounts to stay protected
GAW - I'm sure you know all about this

Phase 3 will last as long as it needs to until all investors have accepted the loss.

All the above are pretty much accepted as scams by most people in the community, but for some reason LTCGear is not, even though they are in the exact same situation.

I agree probably the majority of scams involve the perpetrator just running and hiding - but it all depends how many people / how much money is involved.

david123

legendary

Activity: 1022

Merit: 1004

Quote from: chennan on March 02, 2015, 10:01:37 PM

There is another scam. The FriedCat claims the 3.546PH AMHash's hashrates have disappeared and the hardware was robbed by its partner of mining farm. What a funny story! Have you ever heard the mining rigs was missing from the mining farm?

But friedcat is a member as reputable as it gets, right? And sure robbery occurs.
Did he provide proofs, like a police statement etc? Plus: His farm should be
insured against such things..

chennan

legendary

Activity: 1316

Merit: 1004

There is another scam. The FriedCat claims the 3.546PH AMHash's hashrates have disappeared and the hardware was robbed by its partner of mining farm. What a funny story! Have you ever heard the mining rigs was missing from the mining farm?

verloren

sr. member

Activity: 323

Merit: 250

Quote from: bubbaj on March 02, 2015, 08:34:17 PM

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

How about Gox/BFL?

5ick3uffalo

legendary

Activity: 994

Merit: 1000

Quote from: bubbaj on March 02, 2015, 08:34:17 PM

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

Agree LTCGear and GAW hurt crypto so much.

I really hope they don´t get away with it - but they will.

It´s sad.

5ick3uffalo

legendary

Activity: 994

Merit: 1000

That´s sadistic what LTCGear is doing with us.

Just take the fu.cking website offline pls

bubbaj

full member

Activity: 376

Merit: 101

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

dyask

hero member

Activity: 854

Merit: 510

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example! I have never seen a scam that was remotely close to that. When the scanner run they hide.

tonygal

hero member

Activity: 560

Merit: 504

Quote from: Danz0r77 on March 02, 2015, 09:01:18 AM

Quote from: Totscha on March 02, 2015, 07:39:25 AM

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

Quote from: Totscha on March 02, 2015, 03:08:38 AM

...

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them Wink

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

He is in fact a genius. He did not suck at phase 1. He made sure we got the impression he's terrible at keeping to deadlines. This way we didn't pick up the pitchforks too soon during phase 3 Wink

Hehe, that is plausible Cheesy

I still don't think that this was planned as a scam from the beginning.. How does the existence of the hardware fit into
this? Probably he turned mad at some later point, but I don't believe that the sale and shipping of the scriptor was part
of such a phase 1..

CrazyLoaf

hero member

Activity: 763

Merit: 534

Quote from: Dophoeve on March 02, 2015, 11:38:52 AM

Quote from: sluppy on March 01, 2015, 05:09:29 PM

Quote from: CrazyLoaf on March 01, 2015, 02:44:02 PM

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

off-topic
Bullsh*t, I hardly believe you ever been in Romania if you claim this. Yes the majority of the country is poor, yes the infrastructure sucks, yes the houses are built from scratch. But the first living facilities are pretty much equal in price as in Western Europe, or USA. People make a small 400 EUROs/month, working their ass of 6 days in a week. Having $200,000 you are able to retire for 20 years maybe, but after that your moneys gone. Eastern Europe countries are countries in development, but don't underestimate the conditions these people are living in.
on-topic

Yeah, I wasn't meaning retire *forever*. Just long enough to chill and work on other scams to make money Cool

Dophoeve

full member

Activity: 182

Merit: 100

To the MOOOON

Quote from: sluppy on March 01, 2015, 05:09:29 PM

Quote from: CrazyLoaf on March 01, 2015, 02:44:02 PM

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

off-topic
Bullsh*t, I hardly believe you ever been in Romania if you claim this. Yes the majority of the country is poor, yes the infrastructure sucks, yes the houses are built from scratch. But the first living facilities are pretty much equal in price as in Western Europe, or USA. People make a small 400 EUROs/month, working their ass of 6 days in a week. Having $200,000 you are able to retire for 20 years maybe, but after that your moneys gone. Eastern Europe countries are countries in development, but don't underestimate the conditions these people are living in.
on-topic

Danz0r77

hero member

Activity: 574

Merit: 504

Quote from: Totscha on March 02, 2015, 07:39:25 AM

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

Quote from: Totscha on March 02, 2015, 03:08:38 AM

...

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them Wink

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

He is in fact a genius. He did not suck at phase 1. He made sure we got the impression he's terrible at keeping to deadlines. This way we didn't pick up the pitchforks too soon during phase 3 Wink

Hehe, that is plausible Cheesy

Totscha

hero member

Activity: 1276

Merit: 622

Quote from: Danz0r77 on March 02, 2015, 06:35:23 AM

Quote from: Totscha on March 02, 2015, 03:08:38 AM

...

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them Wink

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

He is in fact a genius. He did not suck at phase 1. He made sure we got the impression he's terrible at keeping to deadlines. This way we didn't pick up the pitchforks too soon during phase 3 Wink

Danz0r77

hero member

Activity: 574

Merit: 504

Quote from: franckuestein on March 02, 2015, 06:41:43 AM

I haven't visited the site since the 24th or so…

This message: Server under maintenance (ETA March 2 - server in maintenance week - some accounts got 48 hours payment lock reset).
It has been there since that day?

Thanks! Angry

Basically slight variations on that, yes.

franckuestein

legendary

Activity: 1960

Merit: 1130

Truth will out!

I haven't visited the site since the 24th or so…

This message: Server under maintenance (ETA March 2 - server in maintenance week - some accounts got 48 hours payment lock reset).
It has been there since that day?

Thanks! Angry

Danz0r77

hero member

Activity: 574

Merit: 504

Quote from: Totscha on March 02, 2015, 03:08:38 AM

Quote from: CrazyLoaf on March 01, 2015, 11:59:28 PM

Quote from: sluppy on March 01, 2015, 11:04:46 PM

Quote from: CrazyLoaf on March 01, 2015, 06:41:19 PM

Quote from: sluppy on March 01, 2015, 05:09:29 PM

Quote from: CrazyLoaf on March 01, 2015, 02:44:02 PM

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

I think I dropped off my text. What I meant to say is that during the FPGA physical chips, I heard he got $100k-$200k. He then took 3 months to do anything and had shitty communication then. Just seems like if he just wanted to scam, he would have kept that money and not went through all this work to build something.

we havent seen anything thing he Build have we?

Yeah, people received the FPGA's at the start like in 2013.

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them Wink

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Totscha

hero member

Activity: 1276

Merit: 622

Quote from: CrazyLoaf on March 01, 2015, 11:59:28 PM

Quote from: sluppy on March 01, 2015, 11:04:46 PM

Quote from: CrazyLoaf on March 01, 2015, 06:41:19 PM

Quote from: sluppy on March 01, 2015, 05:09:29 PM

Quote from: CrazyLoaf on March 01, 2015, 02:44:02 PM

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

I think I dropped off my text. What I meant to say is that during the FPGA physical chips, I heard he got $100k-$200k. He then took 3 months to do anything and had shitty communication then. Just seems like if he just wanted to scam, he would have kept that money and not went through all this work to build something.

we havent seen anything thing he Build have we?

Yeah, people received the FPGA's at the start like in 2013.

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them Wink

CrazyLoaf

hero member

Activity: 763

Merit: 534

Quote from: sluppy on March 01, 2015, 11:04:46 PM

Quote from: CrazyLoaf on March 01, 2015, 06:41:19 PM

Quote from: sluppy on March 01, 2015, 05:09:29 PM

Quote from: CrazyLoaf on March 01, 2015, 02:44:02 PM

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

I think I dropped off my text. What I meant to say is that during the FPGA physical chips, I heard he got $100k-$200k. He then took 3 months to do anything and had shitty communication then. Just seems like if he just wanted to scam, he would have kept that money and not went through all this work to build something.

we havent seen anything thing he Build have we?

Yeah, people received the FPGA's at the start like in 2013.

bubbaj

full member

Activity: 376

Merit: 101

I just wished he would take the site offline and leave it that way or put as his last message "I HAVE SCAMMED YOU ALL"

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