TERABOX - Free 100GHS Trial - Contracts from 0.001/Ghs! - page 23.

TeraBox

full member

Activity: 142

Merit: 100

Quote from: Syke on December 07, 2014, 03:24:23 PM

Quote from: TeraBox on December 07, 2014, 12:06:27 PM

Hardware specs will not be discussed as I'm not allowed to talk about it yet. Miners will be available for sale, some limited amount and all info will be posted in January.
My understanding when reading posts here in this forum is that some people are never satisfied with given info. We have posted photos of miners and DC and this is whey more then any other company did. Now you want to know spec, mining addresses, if we give this info another person will ask if they can visit facility, then if they can take apart miner....seems this never ends as there will always be people sceptic about it....answer is simple...order a miner and do all your work yourself

Ok, so we've established you aren't mining. Maybe you can answer a simplier question. Where is your business located? I'd like to know where to search when you run away with the bitcoins.

We are mining and still don't want/can't sell any hardware. Based in Israel if yo must know

mudiko

sr. member

Activity: 321

Merit: 250

if any 15 ghs voucher left i will enjoy it

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: TeraBox on December 07, 2014, 12:06:27 PM

Hardware specs will not be discussed as I'm not allowed to talk about it yet. Miners will be available for sale, some limited amount and all info will be posted in January.
My understanding when reading posts here in this forum is that some people are never satisfied with given info. We have posted photos of miners and DC and this is whey more then any other company did. Now you want to know spec, mining addresses, if we give this info another person will ask if they can visit facility, then if they can take apart miner....seems this never ends as there will always be people sceptic about it....answer is simple...order a miner and do all your work yourself

Ok, so we've established you aren't mining. Maybe you can answer a simplier question. Where is your business located? I'd like to know where to search when you run away with the bitcoins.

BitcoinAddicts

hero member

Activity: 502

Merit: 500

looks like they are just another ponzi scheme
they started a signature design contest and never come back to that thread
https://bitcointalksearch.org/topic/design-signature-for-terabox-and-win-100ghs-mining-contract-875549

they completely forget about this
so who know if they will forget about your accounts or investments

not a real company or not serious about doing business
unprofessionals

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: TeraBox on December 07, 2014, 12:06:27 PM

Yea, FAQ, I know what it says there, it doesn't say "5 year contracts" and then all assume it's another PB mining. It says what I explained. If you do not wish to sell it sooner it will expire after 5 years and this is a big difference.

No, there isn't a big difference, but claiming it lasts for 5 years assumes it will me making a profit for 5 years which it won't.

Quote from: TeraBox on December 07, 2014, 12:06:27 PM

Price at what we buy them back is some 5% less than cheapest current rate and consider this as maintenance fee. Sure there are expenses involved, it's decided that we do not wish to bother customers with this.

The daily theoretical payout for 1 Gh/s is given by the equation:

Payout = Hash Rate * Block Reward * 86400 * ((65535 / 2^48 ) / Difficulty)

which gives:

1*10^9 * 25 * 86400 * ((65535 / 2^48 ) / 40007470271) = 0.00001257 BTC per Gh per day.

AMHash gets ASICMiner hardware at cost and sells hashing power for 0.0012 BTC per Gh/s and charges $0.00163 per Gh per day in maintenance fees. At 376 $/BTC, that's 0.00000434 BTC per Gh per day. That's a third of the payout. How can you just not bother customers with that? You must be taking massive losses and if that's the case then how long could that go on?

TeraBox

full member

Activity: 142

Merit: 100

Quote from: Mabsark on December 07, 2014, 11:38:38 AM

Quote from: TeraBox on December 07, 2014, 11:23:37 AM

what 5 year contracts? Why everyone here is mentioning them, this is not PB mining. Contracts bought here can be sold back to the site, just depends what kind of contract you bought. Cheapest type per GHS in monthly and it can be sold after 60 days while manual payout ones can be sold back right after you purchase them...

It's not like with others that you buy 5 year contract, and after 5 or whatever time it expires and you can't do anything about it. You can mine with your contract for few months, weeks... and then sell it back instantly and withdraw your funds.

The ones in your FAQ:

Quote

For how long is contract active?

By default contract are set to expire automatically after 5 years but you can sell them back to us sooner than that if you wish.

How much do you buy them back for? And how do you manage to not have maintenance or electricity fees? Anyone who knows anything about mining knows that's nonsense. What ASICs are you mining with? Where's your evidence that you're actually mining and have the hash rate you say you have?

Yea, FAQ, I know what it says there, it doesn't say "5 year contracts" and then all assume it's another PB mining. It says what I explained. If you do not wish to sell it sooner it will expire after 5 years and this is a big difference.

Price at what we buy them back is some 5% less than cheapest current rate and consider this as maintenance fee. Sure there are expenses involved, it's decided that we do not wish to bother customers with this.

Hardware specs will not be discussed as I'm not allowed to talk about it yet. Miners will be available for sale, some limited amount and all info will be posted in January.
My understanding when reading posts here in this forum is that some people are never satisfied with given info. We have posted photos of miners and DC and this is whey more then any other company did. Now you want to know spec, mining addresses, if we give this info another person will ask if they can visit facility, then if they can take apart miner....seems this never ends as there will always be people sceptic about it....answer is simple...order a miner and do all your work yourself

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: TeraBox on December 07, 2014, 11:23:37 AM

what 5 year contracts? Why everyone here is mentioning them, this is not PB mining. Contracts bought here can be sold back to the site, just depends what kind of contract you bought. Cheapest type per GHS in monthly and it can be sold after 60 days while manual payout ones can be sold back right after you purchase them...

It's not like with others that you buy 5 year contract, and after 5 or whatever time it expires and you can't do anything about it. You can mine with your contract for few months, weeks... and then sell it back instantly and withdraw your funds.

The ones in your FAQ:

Quote

For how long is contract active?

By default contract are set to expire automatically after 5 years but you can sell them back to us sooner than that if you wish.

How much do you buy them back for? And how do you manage to not have maintenance or electricity fees? Anyone who knows anything about mining knows that's nonsense. What ASICs are you mining with? Where's your evidence that you're actually mining and have the hash rate you say you have?

erre

legendary

Activity: 1680

Merit: 1205

Yep. As long as we know, I think they are as legit as any other cloudming site. Shady, but " for now" they pay

TeraBox

full member

Activity: 142

Merit: 100

Quote from: Mabsark on December 07, 2014, 06:06:22 AM

For me, the 2 biggest indicators of a cloud mining ponzi are the following:

5 year contract
No maintenance/electricity fees

what 5 year contracts? Why everyone here is mentioning them, this is not PB mining. Contracts bought here can be sold back to the site, just depends what kind of contract you bought. Cheapest type per GHS in monthly and it can be sold after 60 days while manual payout ones can be sold back right after you purchase them...

It's not like with others that you buy 5 year contract, and after 5 or whatever time it expires and you can't do anything about it. You can mine with your contract for few months, weeks... and then sell it back instantly and withdraw your funds.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Mabsark on December 07, 2014, 06:33:49 AM

Quote from: raskul on December 07, 2014, 06:07:56 AM

Quote from: Mabsark on December 07, 2014, 06:06:22 AM

For me, the 2 biggest indicators of a cloud mining ponzi are the following:

5 year contract
No maintenance/electricity fees

i'm just not going near anything that i can't change pool info and see hashrate for myself

I know what you're saying but I disagree. If you have 1 Th/s miners and you're selling 1 Gh/s contracts, it just isn't feasible unless someone buys a whole miners worth of contracts.

Those 2 items in the above list though are a sure sign of a ponzi.

indeed. i suppose i just won't be looking for cloud contracts ever again.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: raskul on December 07, 2014, 06:07:56 AM

Quote from: Mabsark on December 07, 2014, 06:06:22 AM

For me, the 2 biggest indicators of a cloud mining ponzi are the following:

5 year contract
No maintenance/electricity fees

i'm just not going near anything that i can't change pool info and see hashrate for myself

I know what you're saying but I disagree. If you have 1 Th/s miners and you're selling 1 Gh/s contracts, it just isn't feasible unless someone buys a whole miners worth of contracts.

Those 2 items in the above list though are a sure sign of a ponzi.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Mabsark on December 07, 2014, 06:06:22 AM

For me, the 2 biggest indicators of a cloud mining ponzi are the following:

5 year contract
No maintenance/electricity fees

i'm just not going near anything that i can't change pool info and see hashrate for myself

Mabsark

legendary

Activity: 826

Merit: 1004

For me, the 2 biggest indicators of a cloud mining ponzi are the following:

5 year contract
No maintenance/electricity fees

raskul

sr. member

Activity: 434

Merit: 250

any legitimate cloud mining operation should allow it's users to change pool specifics on the rented miners they have.
does this one allow this?

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: TeraBox on December 06, 2014, 08:44:47 PM

you make no sense, we are not PB mining and we do not do things like they did. There is no single payout or deposit address and not all members would get paid with freshly mined coins. Same thing as with ghash and cex. Every user has it's own wallet on terabox for deposits, so you are saying that when someone buys GHS for 1BTC we should take this 1BTC from the site, and put back freshly mined coins into the system for payouts? Makes no sense to me to be honest. If hot wallet get's empty for some reason we will fill it with new coins, investigate them as much as you like but sooner or later you will be track their origin, we are not using any mixing services.

If you have a mining farm, you will have freshly minted coins. Prove it. Show your mined blocks.

TeraBox

full member

Activity: 142

Merit: 100

Quote from: Syke on December 06, 2014, 08:11:11 PM

Quote from: onewiseguy on December 05, 2014, 10:16:58 PM

Quote from: Syke on December 05, 2014, 03:48:39 PM

Who's got a payout address? Let's see where they are getting their coins (because we all know they aren't mining).

1FdTPYVKD176xPyJiK3ekswHf7M9i1F7Vm

No surprise there. No mined coins in recent history. Ponzi. Good luck.

you make no sense, we are not PB mining and we do not do things like they did. There is no single payout or deposit address and not all members would get paid with freshly mined coins. Same thing as with ghash and cex. Every user has it's own wallet on terabox for deposits, so you are saying that when someone buys GHS for 1BTC we should take this 1BTC from the site, and put back freshly mined coins into the system for payouts? Makes no sense to me to be honest. If hot wallet get's empty for some reason we will fill it with new coins, investigate them as much as you like but sooner or later you will be track their origin, we are not using any mixing services.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: onewiseguy on December 05, 2014, 10:16:58 PM

Quote from: Syke on December 05, 2014, 03:48:39 PM

Who's got a payout address? Let's see where they are getting their coins (because we all know they aren't mining).

1FdTPYVKD176xPyJiK3ekswHf7M9i1F7Vm

No surprise there. No mined coins in recent history. Ponzi. Good luck.

TeraBox

full member

Activity: 142

Merit: 100

Quote from: izanagi narukami on December 06, 2014, 10:28:43 AM

Quote from: sherbyspark on December 06, 2014, 10:27:10 AM

Quote from: VulgusMan on December 06, 2014, 10:20:45 AM

hi terabox!

plz can you update the op page with the number of voucher available?

so all can understand well if there are voucher available or not!!

THe vouchers were only as a promotion, I don't think terabox will give out more free vouchers.

WHAT ABOUT YOUR DESIGN CONTEST , TERABOX !!?? Angry

https://bitcointalksearch.org/topic/design-signature-for-terabox-and-win-100ghs-mining-contract-875549

Will leave it open by Friday and then choose the winner. Hope few more members will submit their designs by then.

TeraBox

full member

Activity: 142

Merit: 100

Quote from: sherbyspark on December 06, 2014, 10:27:10 AM

Quote from: VulgusMan on December 06, 2014, 10:20:45 AM

hi terabox!

plz can you update the op page with the number of voucher available?

so all can understand well if there are voucher available or not!!

THe vouchers were only as a promotion, I don't think terabox will give out more free vouchers.

Yes we will give out few again very soon. This time they will be more valuable and will be given to members that are most active on our main thread. It's more like reward then just give away.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Quote from: sherbyspark on December 06, 2014, 10:27:10 AM

Quote from: VulgusMan on December 06, 2014, 10:20:45 AM

hi terabox!

plz can you update the op page with the number of voucher available?

so all can understand well if there are voucher available or not!!

THe vouchers were only as a promotion, I don't think terabox will give out more free vouchers.

WHAT ABOUT YOUR DESIGN CONTEST , TERABOX !!?? Angry

https://bitcointalksearch.org/topic/design-signature-for-terabox-and-win-100ghs-mining-contract-875549

Topic: TERABOX - Free 100GHS Trial - Contracts from 0.001/Ghs! - page 23. (Read 47539 times)