TimeToBit Unmasked As Fraudulent Cloud Mining Company

scryptasicminer

full member

Activity: 213

Merit: 100

Quote from: Ludi on August 30, 2014, 08:14:21 AM

It sadly seems as if these have become the latest ponzi schemes to try take peoples bitcoins. People just really need to be more careful with who they give their bitcoins to.

They don't even need to steal anything to make money.

Just sell the hash rate at mark up and pay back using the hash rate follow the pool. Since mining has negative ROI, they can make money without even having a farm.

Ludi

sr. member

Activity: 274

Merit: 250

It sadly seems as if these have become the latest ponzi schemes to try take peoples bitcoins. People just really need to be more careful with who they give their bitcoins to.

Mightycoin

member

Activity: 82

Merit: 10

Quote from: srgkrgkj on August 23, 2014, 03:46:48 AM

Cloudmining start ups have been appearing all over the Bitcoin empire which operates on the global scale. Cloud mining companies offer tantalizing deals with Gh/s sold at dirt cheap prices. This has proven to be the downfall of many new adopters of Bitcoin as the hardware required for Bitcoin mining is particularly expensive costing around $1000 plus in most making it impractical for most people. This has spawned the rise of cloud mining with many legitimate companies being launched to aid you in the world of Bitcoin. However some of the recent and much smaller startups have been set up with one purpose, and that is to scam you of your Bitcoins by offering you prices that you can’t resist. On the other hand TimeToBit, a established and large cloud mining service has been unmasked as a fraud.

read the full story @ http://coinfinance.com/news/timetobit-unmasked-as-fraudulent-cloud-mining-company

Thanks for suggesting us to such a scams I was about to join in but due to some reasons I only registered and did not mine.

srgkrgkj

legendary

Activity: 1218

Merit: 1000

Cloudmining start ups have been appearing all over the Bitcoin empire which operates on the global scale. Cloud mining companies offer tantalizing deals with Gh/s sold at dirt cheap prices. This has proven to be the downfall of many new adopters of Bitcoin as the hardware required for Bitcoin mining is particularly expensive costing around $1000 plus in most making it impractical for most people. This has spawned the rise of cloud mining with many legitimate companies being launched to aid you in the world of Bitcoin. However some of the recent and much smaller startups have been set up with one purpose, and that is to scam you of your Bitcoins by offering you prices that you can’t resist. On the other hand TimeToBit, a established and large cloud mining service has been unmasked as a fraud.

read the full story @ http://coinfinance.com/news/timetobit-unmasked-as-fraudulent-cloud-mining-company

Topic: TimeToBit Unmasked As Fraudulent Cloud Mining Company (Read 857 times)