Topic: MinerTechnologies.com - 3 TH/S and 200MH/S ASM1 for sell / Cloud contracts. - page 4. (Read 28091 times)

First time hearing this name

what is your affiliation with Zipkin?

Don't think too long on it. It's a straight forward question. Are you Jim Brown? Who is running this "new" start up? Do you have any credentials you could provide?

You said we are same as AMT and you don't know my name yet?

And yes, I deny it. We are not the same

do you deny it? do you have a name? what IS your affiliation with AMT if you are not Joshua Zipkin?

You should add a 100 GH contract,  there is a gap from 75GH to 200GH,  someone might want to only purchase 100gh

Can you provide some solid evidense?

Please some proof first.

this is exactly what AMT said on their website but it was a lie. They even claimed to take credit cards but when it came time to pay there was ALWAYS and excuse why payment could not be taken.

It is becoming increasingly apparent, and my opinion, that Minertechnologies is owned/operated by Joshua Zipkin. This man is a known crook and thief in the bitcoin industry. He has personally taken $6,000 from me as order #610 with AMT miners last November. To date I have received nothing from this company. I have had to hire a law firm to get my money back. The case is currently being heard and Mr. Zipkin's legal team is to answer the lawsuit on the 16th of this month in Pennsylvania. They have failed miserably in delivering a workable product and are using MY money as a start up for this new business. Be warned if deciding to hand over any bitcoins or cash to these people. I am willing to bet minertechnologies will only accept bitcoin or wire transfers. If this is indeed the case, as it was with AMT, DO NOT DO IT. They will talk an amazing game right up until they take your money. After they have your hard earned cash you can can kiss all correspondence goodbye. I'm sure this post will be deleted but I will keep putting it up. Please do not be fooled like I was.

Yeah, the evil empire .  I agree, though, it's a great idea they implemented allowing you to trade your hashing power.

Fair enough, at least we both agree that cloudmining with any service, least one like this company which is still yet to be proven legitimate, is most likely a losing proposition.

I hate to bring up CEX.IO, but at least you can sell or trade back your hash.

Hardware, you can always sell back to other miners for BTC's to recoup losses if any.

Mining for profit is tough, period.  Buy and HODL is boring for most miners, especially myself.  If you're going to mine, at least give yourself the best chance at the best pricepoint to do so.  I don't think MinerTechnologies(if they're for real) fit the bill quite yet.

they never claimed to have a mining farm (thinking they are reseller...)
you are funny people, paying for a cloud (in the air?), hoping to receive more than you paid???

Nope... never once did I state that I believed it would remain static, or that it had.  I simply provided proof that your statement of "under no conditions" was incorrect.  I certainly don't believe it will remain static simply because more hashing power is constantly added to the network.  But, that's back to my statement on risk.  If I were to invest 4BTC in mining gear, I am hopeful that said gear will return me back more than that 4BTC.  If the difficulty increases at ~15%, I won't make it.  If it is 10% I will.  If I invest $2599 on a contract, I am hopeful that at the end of the year, the BTC I have earned can be converted into USD with a value of more than $2599.

Maybe I can explain this in a different way:
I make three investments.  Investment 1 is to purchase 4BTC at $2599.  Investment 2 is to purchase a 1TH/s mining contract for $2599.  Investment 3 is to purchase that same 1TH/s mining contract for 4BTC.
For investment 1, I am hopeful that the price of BTC increases and after a year, I can sell them for profit.
For investment 2, I am hopeful that my contract has earned me enough BTC to sell for more than the $2599 I initially invested.
For investment 3, I am hopeful that my contract has earned me more than the 4BTC.  This one is the "I gave some guy 4 gold bars and hoped he gives me back more than 4 at the end."

One needs to evaluate the risks and make a choice.  Your assessment, if I read it correctly, is that investment 3 is a fool's errand.  Others might state, "Gee, I don't think BTC is going to see >10% increases from this point forward, so let's go with investment 3."

If you've spent time going through my posts throughout the forums here, you'll know that I have invested in hardware.  I made that decision for two reasons.  First, is because I believe in BTC, and I wish to contribute to its success.  I mine, and I do so on p2pool.  The second reason, and one that is not so altruistic, is that I hope to make a profit while supporting BTC.

My personal opinion is that cloud hashing is slanted in favor of the company providing the hosting.  As someone else wrote in another post, "Why would they sell you $1 for $0.75?" Companies providing cloud hosting have evaluated the risks/rewards and it is their stance that they will make more by selling hashing power to you and me than they would just hashing for themselves.

Is that Hamel House?

Yes.

Office:

2 Calico Business Park
Amington Industrial Estate
Tamworth
B77 4DS

Is that where your mining farm and manufacturing is based?

Please see our address in contact form of our website.

This is your registered address on the corporate registry

15 DEERHILL, WILNECOTE, TAMWORTH, STAFFORDSHIRE, UNITED KINGDOM, B77 4PA



Is this also where your mining farm and manufacturing is based?

Now you're using your noggin.

Under no circumstances, will you earn the 4 BTC's that $2599 mining contract will ever yield in a year.

Besides early 2012/2013, difficulty will most likely be in the teens percentage wise, meaning you won't earn back 4 BTC

@johnnybravo

I don't see static anywhere, do you?

Difficulty History