Highly doubtful as many cloud mining company's are going into suspended animation and also a lot of pools closing down due to costs involved with them and being unable to continue with their services.
Looks like THMining is down no site no domain and domain under godaddy is under reserved section so looks like this one might of pulled the plug with the coin it made from people and ran.
Topic: THMining.com - Cloud Mining 0.008 BTC/GH - 10 x 250GH/s 1 Month Trials Giveaway (Read 2293 times)
January 18, 2015, 07:15:48 PM
January 14, 2015, 06:24:52 AM
In addition to all the above, Bitmain can no longer offer a profitable cloud mining service using their own ASICs, yet these guys can using the same old "hardware they bought off ebay".
[ANN] Jan 14th, 2014 - Umisoo, ANTS2, & ANTS3 Hardware Powered Off
Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.
Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.
Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.
Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.
January 14, 2015, 02:06:24 AM
i think 0.008 per GHS very expensive
yes 0.008 is very high price January 13, 2015, 10:47:02 PM
I must say though, I'm sure to run a service they don't have to register a business, even if they were legit or not..
They're the ones claiming to be "the most professional". I'm sorry, but you're not "the most professional" if you don't even have a business structure.
If they change that to be "a guy in his mom's basement pretending to be running a mining operation but really it's just a ponzi", then at least it's accurate.
January 13, 2015, 08:21:54 PM
I can assure you that we are the most professional and sturdy and will be here is 15 years time!
Ok then answer these simple basic questions:
1. Show the bitcoin address that you are mining to so we can verify you have actual mining hardware running.
2. Show your business registration.
3. Where are your Terms of Service and Contract details?
Good Point, This seems like a scam.
I must say though, I'm sure to run a service they don't have to register a business, even if they were legit or not..
Technically they don't have to do any of these things, AND still could be legit. However for a legit service it wouldn't make any sense to NOT provide each and every possible proof of that legitimacy. In other words, the duck test: why would a legitimate service walk and quack like a scam?
January 13, 2015, 08:02:39 PM
I can assure you that we are the most professional and sturdy and will be here is 15 years time!
Ok then answer these simple basic questions:
1. Show the bitcoin address that you are mining to so we can verify you have actual mining hardware running.
2. Show your business registration.
3. Where are your Terms of Service and Contract details?
Good Point, This seems like a scam.
I must say though, I'm sure to run a service they don't have to register a business, even if they were legit or not..
January 13, 2015, 07:53:12 PM
I can assure you that we are the most professional and sturdy and will be here is 15 years time!
Ok then answer these simple basic questions:
1. Show the bitcoin address that you are mining to so we can verify you have actual mining hardware running.
2. Show your business registration.
3. Where are your Terms of Service and Contract details?
January 13, 2015, 06:44:31 PM
Definitely scammy. No way could you ROI in 100 days at a price of .008 btc/gh
Your registration is private and you're running on a VPS.
Your website also looks barebones as hell and you expect anyone to make 6 bitcoins a day with 75 Terahash?
You can't even make that much with 500 TH.
Neg rep. You said you could prove your purchase from Bitmain and Spondoolies and then you change your story saying you bought them all second hand. Why not show us your ebay username so we could see if they legitimately bought it from them? Till then, enjoy the rep.
EDIT:
More information regarding an older account of thmining.com
Those prices were just .001 and now it's increased to .008? Seems legit.
Your registration is private and you're running on a VPS.
Your website also looks barebones as hell and you expect anyone to make 6 bitcoins a day with 75 Terahash?
You can't even make that much with 500 TH.
Neg rep. You said you could prove your purchase from Bitmain and Spondoolies and then you change your story saying you bought them all second hand. Why not show us your ebay username so we could see if they legitimately bought it from them? Till then, enjoy the rep.
EDIT:
More information regarding an older account of thmining.com
Quote
Hi All,
THMining.com will be a forerunner in the Cloud Mining industry (really we rent part of our equipment out to you), we plan to show what Cloud Mining should be and not what it is today!.
What is the problem with Cloud Mining?
There is no problem with cloud mining, Its just a game of who you can trust and I assure you that most of the companies out there are ponzi schemes designed to steal your coins. We are not, We are 4 friends who love Bitcoin and believe ponzi schemes are ruining the currency. We need to take that back.
About THMining.com
We are 4 friends based in Britain, We all have full time technical jobs and decided to invest in Bitcoin mining, we have 25 Spondoolies SP35 5.5GH, 137.5 TH altogether and hopefully getting more. We have used this for personal mining up until now but want to share it!
We have been investing in Bitcoin for the past 1 1/2 years and have made a fair profit especially with the rise last December.
We love Bitcoin, We don't want to see it ruined by ponzi's, This is the currency of the future and we only want to see its value go up!
When will THMining.com be live?
After the new year most likely, We need to find a way to integrate the site with connecting to the miners and specifying hash blocks. We will be using a raspberry pi on each of our miners rather than 2 or 3 controlling the whole lot to give us more granular access. We want to be able to let you choose what pools to mine at so that you can see your hash in action. We are working with an engineer who works with embedded devices to help do this, It may require some new mining software to be coded!
What makes THMining.com different?
Cheaper Prices
You will see your rented hash in action
Full Disclosure of who we are, No Hiding (The domain is private for spam reasons, but we will give our address here)
Rent in months, no tie in contracts, 1 - 60 Months, We will even allow subscriptions so you can rent on a month by month basis
Live updated Bitcoin Price/Difficulty so you will always be paid accurately
If you have any ideas of anything you want us to implement or work on before launch please let us know, we are here for the people, we want to be the best!
Regards,
Paul (THMining.com)
THMining.com will be a forerunner in the Cloud Mining industry (really we rent part of our equipment out to you), we plan to show what Cloud Mining should be and not what it is today!.
What is the problem with Cloud Mining?
There is no problem with cloud mining, Its just a game of who you can trust and I assure you that most of the companies out there are ponzi schemes designed to steal your coins. We are not, We are 4 friends who love Bitcoin and believe ponzi schemes are ruining the currency. We need to take that back.
About THMining.com
We are 4 friends based in Britain, We all have full time technical jobs and decided to invest in Bitcoin mining, we have 25 Spondoolies SP35 5.5GH, 137.5 TH altogether and hopefully getting more. We have used this for personal mining up until now but want to share it!
We have been investing in Bitcoin for the past 1 1/2 years and have made a fair profit especially with the rise last December.
We love Bitcoin, We don't want to see it ruined by ponzi's, This is the currency of the future and we only want to see its value go up!
When will THMining.com be live?
After the new year most likely, We need to find a way to integrate the site with connecting to the miners and specifying hash blocks. We will be using a raspberry pi on each of our miners rather than 2 or 3 controlling the whole lot to give us more granular access. We want to be able to let you choose what pools to mine at so that you can see your hash in action. We are working with an engineer who works with embedded devices to help do this, It may require some new mining software to be coded!
What makes THMining.com different?
Cheaper Prices
You will see your rented hash in action
Full Disclosure of who we are, No Hiding (The domain is private for spam reasons, but we will give our address here)
Rent in months, no tie in contracts, 1 - 60 Months, We will even allow subscriptions so you can rent on a month by month basis
Live updated Bitcoin Price/Difficulty so you will always be paid accurately
If you have any ideas of anything you want us to implement or work on before launch please let us know, we are here for the people, we want to be the best!
Regards,
Paul (THMining.com)
Those prices were just .001 and now it's increased to .008? Seems legit.
January 13, 2015, 02:17:59 PM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
1) Our Equipment was bought from Ebay. second hand as it was cheaper than purchasing brand new. This is why we have not placed a large orders directly.
2) No we are not giving out the Ebay username as it is also a personal account. I thought Bitmain and Spondoolies would still have track of these orders.
How exactly do you expect Bitmain and Spondoolies to confirm those orders then? It looked like you agreed to have them confirmed at the beginning of the thread. Please explain.
If you can't show your hardware purchases, can you provide proof of mining, i.e. a message signed with your mining address that is receiving newly minted coins?
January 13, 2015, 10:53:45 AM
If you bought a pile of hardware from ebay then most of it would be older hardware that's about to become unprofitable unless you have free electricity. Because that hardware is about to become unprofitable, people soon be getting negative balances unless you're going to pay them an income out of your own pocket along with eating the maintenance fee yourself.
I've just looked at the mining hardware sold since November 8 on ebay:
35 x SP10 1.4 Th/s
24 x SP20 1.7 Th/s
10 x SP30 4.5 Th/s
2 x SP31 4.9 Th/s
1 x SP53 5.5 Th/s
Total 150 Th/s
The SP10's are too old to bother with so that gives a realistic maximum total of 100 Th/s of Spondoolies hardware.
Also, that hardware sold on ebay seems incredibly overpriced to me. You likely would have gotten a better deal for buying in bulk directly from the manufacturers. For example, you could have got 15 SP20s directly from Spondoolies for $6,995.00 including shipping, working out to $466.33 each. There is only 1 SP20 listed as being sold on ebay for less than that and that was sold yesterday.
Finally, you reduced your prices by a factor of 10! Even if you was a legitimate service, that's proof you were planning on completely ripping your customers off by overcharging by a factor of 10.
Your story is not convincing. Not in the slightest. If you want people to take you seriously, take a look at this thread and try to provide some of the evidence that Puppet asks for.
I've just looked at the mining hardware sold since November 8 on ebay:
35 x SP10 1.4 Th/s
24 x SP20 1.7 Th/s
10 x SP30 4.5 Th/s
2 x SP31 4.9 Th/s
1 x SP53 5.5 Th/s
Total 150 Th/s
The SP10's are too old to bother with so that gives a realistic maximum total of 100 Th/s of Spondoolies hardware.
Also, that hardware sold on ebay seems incredibly overpriced to me. You likely would have gotten a better deal for buying in bulk directly from the manufacturers. For example, you could have got 15 SP20s directly from Spondoolies for $6,995.00 including shipping, working out to $466.33 each. There is only 1 SP20 listed as being sold on ebay for less than that and that was sold yesterday.
Finally, you reduced your prices by a factor of 10! Even if you was a legitimate service, that's proof you were planning on completely ripping your customers off by overcharging by a factor of 10.
Your story is not convincing. Not in the slightest. If you want people to take you seriously, take a look at this thread and try to provide some of the evidence that Puppet asks for.
January 13, 2015, 09:28:39 AM
And what is with your promo? 0.0004 per GHS?
January 13, 2015, 09:08:44 AM
Hi Everyone, I know this is a self moderated post but I am not deleting anything as these questions are valid and not spam.
I will do my best to answer every question.
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
That's not a problem at all, The more confirmation we can get the better!
Order # ?
1) Our Equipment was bought from Ebay. second hand as it was cheaper than purchasing brand new. This is why we have not placed a large orders directly.
2) No we are not giving out the Ebay username as it is also a personal account. I thought Bitmain and Spondoolies would still have track of these orders.
Sorry, We have now put our prices down, We did not notice that this was so far above some other providers prices. Now at 0.00080000 per gh.
Such fixed length length, multi-year contracts are a sure sign of a scam. Miners become unprofitable far quicker than than. You'd be lucky if they lasted a year. Let's say I bought enough hash rate to own a whole miner. Let's say that miner becomes unprofitable after 1 year. What you are essentially saying is that you will give me a new miner every year free of charge which is clearly an unsustainable business practice.
Mining doesn't work like that. That's simply an admission that the payments won't come from mining. In that case, where are they from then?
The only way you can have no maintenance fees is by having no mining hardware. You can take those fees out of the mining income or you tack them on to the initial cost of the contract.
We'll see what those manufacturers have say about that.
No idea whether the account page was detailed because I never created an account. Why would I when you provided no info whatsoever on the website about the details of the operation. There's no terms and conditions and no FAQ.
1) Our fixed price is only for a year to get a good customer base, We offer 8 year contracts to show we plan to be in this for the long haul.
2) Your right, but read above, we are also use payments from our personal reserve.
3) We have maintenance fees, we just don't make you pay for them.
4) Read above
5) Your loss
Final Word
We are a legit cloud mining company in this for the long haul. Sorry we don't have some answers right now, But whatever you ask we will get an answer for.
Regards,
Melissa
thmining support
I will do my best to answer every question.
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
1) Our Equipment was bought from Ebay. second hand as it was cheaper than purchasing brand new. This is why we have not placed a large orders directly.
2) No we are not giving out the Ebay username as it is also a personal account. I thought Bitmain and Spondoolies would still have track of these orders.
i think 0.008 per GHS very expensive
Sorry, We have now put our prices down, We did not notice that this was so far above some other providers prices. Now at 0.00080000 per gh.
+ 8 Year Contracts
Such fixed length length, multi-year contracts are a sure sign of a scam. Miners become unprofitable far quicker than than. You'd be lucky if they lasted a year. Let's say I bought enough hash rate to own a whole miner. Let's say that miner becomes unprofitable after 1 year. What you are essentially saying is that you will give me a new miner every year free of charge which is clearly an unsustainable business practice.
+ Fixed Price Returns (1 Year) Currently at 0.00008500 BTC per GH per Day - Don't worry about a fluctuating market, We will ensure you get the best value.
Mining doesn't work like that. That's simply an admission that the payments won't come from mining. In that case, where are they from then?
+ No Maintenance Fees
The only way you can have no maintenance fees is by having no mining hardware. You can take those fees out of the mining income or you tack them on to the initial cost of the contract.
+ Highest Quality Mining Hardware - Spondoolies and AntMiners.
We'll see what those manufacturers have say about that.
+ Detailed Account Page
No idea whether the account page was detailed because I never created an account. Why would I when you provided no info whatsoever on the website about the details of the operation. There's no terms and conditions and no FAQ.
1) Our fixed price is only for a year to get a good customer base, We offer 8 year contracts to show we plan to be in this for the long haul.
2) Your right, but read above, we are also use payments from our personal reserve.
3) We have maintenance fees, we just don't make you pay for them.
4) Read above
5) Your loss
Final Word
We are a legit cloud mining company in this for the long haul. Sorry we don't have some answers right now, But whatever you ask we will get an answer for.
Regards,
Melissa
thmining support
January 13, 2015, 06:56:44 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
and now we want your answer
what does BITMAN's post means?
January 13, 2015, 06:42:12 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
So does this mean they haven't ordered a large amount of power from you?
I sent them a PM asking that question:
When you posted in their thread, "We do not think so til now", did you mean that haven't contacted you or did you mean that they haven'y bought hardware from you?
What people in that thread want to know is whether THMining is lying when they say they bought hardware from you.
What people in that thread want to know is whether THMining is lying when they say they bought hardware from you.
We have not received any official request from the THMining to prove their purchase.
January 13, 2015, 06:31:38 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
January 13, 2015, 06:23:00 AM
i think 0.008 per GHS very expensive
January 13, 2015, 05:59:55 AM
+ 8 Year Contracts
Such fixed length length, multi-year contracts are a sure sign of a scam. Miners become unprofitable far quicker than than. You'd be lucky if they lasted a year. Let's say I bought enough hash rate to own a whole miner. Let's say that miner becomes unprofitable after 1 year. What you are essentially saying is that you will give me a new miner every year free of charge which is clearly an unsustainable business practice.
+ Fixed Price Returns (1 Year) Currently at 0.00008500 BTC per GH per Day - Don't worry about a fluctuating market, We will ensure you get the best value.
Mining doesn't work like that. That's simply an admission that the payments won't come from mining. In that case, where are they from then?
+ No Maintenance Fees
The only way you can have no maintenance fees is by having no mining hardware. You can take those fees out of the mining income or you tack them on to the initial cost of the contract.
+ Highest Quality Mining Hardware - Spondoolies and AntMiners.
We'll see what those manufacturers have say about that.
+ Detailed Account Page
No idea whether the account page was detailed because I never created an account. Why would I when you provided no info whatsoever on the website about the details of the operation. There's no terms and conditions and no FAQ.
January 13, 2015, 05:55:54 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
So does this mean they haven't ordered a large amount of power from you?
January 13, 2015, 05:24:27 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
So, will u consider to leave -ve trust feedback on his profile for attempting to spoil your reputation with false claim ?
p.s. All our communication may get deleted any time from this moderated thread.
January 13, 2015, 04:59:33 AM
Would you have Bitmain and Spondoolies comment on this confirming you purchased a large amount of hashing power from them?
That's not a problem at all, The more confirmation we can get the better!
Have you contacted them to confirm here ?
We do not think so til now.
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