Author

Topic: whats wrong with cointellect.com?? (Read 1137 times)

legendary
Activity: 2324
Merit: 1267
In Memory of Zepher
February 10, 2015, 03:16:39 PM
#17
I knew this shit was fishy when I first saw it.
full member
Activity: 182
Merit: 100
February 10, 2015, 03:14:19 PM
#16
They are a fucking scam plain and simple.
member
Activity: 112
Merit: 10
February 10, 2015, 06:49:38 AM
#15
Game over for solo miner without contract
earning cannot withdraw, only can use to buy contract
hero member
Activity: 840
Merit: 1000
February 10, 2015, 06:45:00 AM
#14
According to the latest reports coming from social media platforms, it has been said that the payment withdrawal process of Cointellect has already stopped, making it 100% Ponzi scheme.



so its only a Ponzi scheme when payouts are stopped?? so if this never happened then it wouldn't be a Ponzi scheme..  Even though i felt burned, a business that didnt work out was that, to explore and find markets that didn't exists before can be challenging.  to blame it on a Ponzi scheme is like saying Butterfly labs or any hardware based miner to belly up or closed it doors would be easy to blame it as a Ponzi scheme because its involved with money.. It would be hard to blame it as a Ponzi scheme if a new concept was introduced and it didn't work out..  Coindoubler is a Ponzi scheme bur for cointellect being a Ponzi scheme??  I have to see and wait..   anyway when you first heard of bitcoin do you think it was all good and not a scam..     

i got my gut up since day 1 this thing of cointellect thingie i heard off, obviously a scam from the beginning, its ponzi is dying and sooner or later the website will be gone, brace yourself !
hero member
Activity: 644
Merit: 500
February 10, 2015, 06:12:05 AM
#13
What is wrong? What isn't wrong with them? One big ponzi site. It runs now for a while but the end is near.
full member
Activity: 238
Merit: 100
February 10, 2015, 03:45:43 AM
#12
what' wrong? : Notting..
İt's a ponzi
it'a populer ponzi, and because of this ,it can live a few mouths..
but all ponzi will be scam in one day..
today, that day..
hero member
Activity: 540
Merit: 501
chickens and cryptos
February 10, 2015, 03:07:05 AM
#11
I get it...   you guys could be right...  thinking that I havent lost a penny or a bit and being frustrated over blocked payout (which probably was never there) made me discovered that was the greed of money made me blind to the outcome from other miners... I have to assume that their is other miners had a real misfortune lost from cointellect .. I get it... thanks for your input about this situation with cointellect and me...
newbie
Activity: 14
Merit: 0
February 10, 2015, 02:22:18 AM
#10
Simple. It ran out of its intellect and believers. Wait for CoinBrain or CoinBrawn to spring up. Think losing before believing.
hero member
Activity: 540
Merit: 501
chickens and cryptos
February 10, 2015, 01:59:07 AM
#9
the "game" is money it self....    and we all need it like the food and water thats required for our survival but yet we pay it in money to acquire it.   we all can dig a hole a create a well, we can farm and have food but money made easy to obtain the necessity for life.  i would not blame the new concepts of earning money but blame the need of money that would cause the scams in the first place   
sr. member
Activity: 518
Merit: 250
Presale is live!
February 10, 2015, 01:44:59 AM
#8
Its a game of "make money for myself only".
Mostly used novadays.
Spotted too late by many.
hero member
Activity: 540
Merit: 501
chickens and cryptos
February 10, 2015, 01:41:04 AM
#7
According to the latest reports coming from social media platforms, it has been said that the payment withdrawal process of Cointellect has already stopped, making it 100% Ponzi scheme.



so its only a Ponzi scheme when payouts are stopped?? so if this never happened then it wouldn't be a Ponzi scheme..  Even though i felt burned, a business that didnt work out was that, to explore and find markets that didn't exists before can be challenging.  to blame it on a Ponzi scheme is like saying Butterfly labs or any hardware based miner to belly up or closed it doors would be easy to blame it as a Ponzi scheme because its involved with money.. It would be hard to blame it as a Ponzi scheme if a new concept was introduced and it didn't work out..  Coindoubler is a Ponzi scheme bur for cointellect being a Ponzi scheme??  I have to see and wait..   anyway when you first heard of bitcoin do you think it was all good and not a scam..     
legendary
Activity: 2786
Merit: 1031
February 10, 2015, 01:26:58 AM
#6
Game's over for this one.
b!z
legendary
Activity: 1582
Merit: 1010
February 10, 2015, 12:38:16 AM
#5
It's a ponzi - that's what's wrong.
member
Activity: 112
Merit: 10
Play Rock Paper Scissor Lizard Spock
February 09, 2015, 10:25:48 PM
#4
cointellect.com

just made a bad move and it prevent from me cash to out  and everyone who is involved   the new rule is to state to make a contract and solo mining is no longer supported , when i wanted to get a contract it was sold out...  and the  option to cash out is now a error!!!  and this was on theirs new section

 A'hoy Miners,
 
We want to begin this announcement with a formal apology for the recent lack of communication. As you can imagine, Bitcoin’s volatile downtrend has put us in a difficult situation and we have been hard at work resolving payout concerns. To help us remain on track, we have decided to roll out support for the mining of additional cryptocurrencies - namely the ASIC resistant coins. Similar to a multi-pool, this will enable us to target the most profitable coins and maximize revenue for all parties.
 
In anticipation of this change, we will slowly begin to restructure our platform and phase out obsolete contracts. A combination of rising network difficulty and competition are beginning to render many of our introductory contracts futile. While those with recent purchases will continue to receive earnings, the Demo, Starter, and Pilot contracts will eventually be phased out and replaced with variable contracts.
 
Following our next platform update, earnings from existing contract plans will be revamped to more accurately reflect Bitcoin’s current price. Furthermore, solo-mined earnings will be restricted for use only with contract purchases.
 
We do want to emphasize that our team understands the frustration and inconveniences these recent changes may pose. Cryptocurrency mining is an unpredictable business with many risks. We do ask our users to remain aware of these risks and approach the industry with reason. As a mining service provider, we are caught in the midst of the recent economic turbulence and have little recourse outside of our recent platform changes. Despite the inconveniences, we are confident our plan of action moving forward is greatly preferable than those of our competitors.
 
We thank you for your continued understanding during these difficult times.
 
Sincerely,
CoIntellect Staff



ive been enjoying my earnings from cointellect tell this happened!!! 

Read:
http://bitforum.info/t/cointellect-halts-payment-withdrwal-users-on-alert-mode/244?u=angelo
hero member
Activity: 540
Merit: 501
chickens and cryptos
February 09, 2015, 09:18:51 PM
#3
well any crypto coin pool can be called a ponzi site because its all involved some type of risks.. i just wanted to spread the word to fellow miners and post it here was more effective to warn other miners..     
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
February 09, 2015, 09:11:09 PM
#2
wrong section for a ponzi site.

who invested in this shit is an idiot...
hero member
Activity: 540
Merit: 501
chickens and cryptos
February 09, 2015, 08:49:16 PM
#1
cointellect.com

just made a bad move and it prevent from me cash to out  and everyone who is involved   the new rule is to state to make a contract and solo mining is no longer supported , when i wanted to get a contract it was sold out...  and the  option to cash out is now a error!!!  and this was on theirs new section

 A'hoy Miners,
 
We want to begin this announcement with a formal apology for the recent lack of communication. As you can imagine, Bitcoin’s volatile downtrend has put us in a difficult situation and we have been hard at work resolving payout concerns. To help us remain on track, we have decided to roll out support for the mining of additional cryptocurrencies - namely the ASIC resistant coins. Similar to a multi-pool, this will enable us to target the most profitable coins and maximize revenue for all parties.
 
In anticipation of this change, we will slowly begin to restructure our platform and phase out obsolete contracts. A combination of rising network difficulty and competition are beginning to render many of our introductory contracts futile. While those with recent purchases will continue to receive earnings, the Demo, Starter, and Pilot contracts will eventually be phased out and replaced with variable contracts.
 
Following our next platform update, earnings from existing contract plans will be revamped to more accurately reflect Bitcoin’s current price. Furthermore, solo-mined earnings will be restricted for use only with contract purchases.
 
We do want to emphasize that our team understands the frustration and inconveniences these recent changes may pose. Cryptocurrency mining is an unpredictable business with many risks. We do ask our users to remain aware of these risks and approach the industry with reason. As a mining service provider, we are caught in the midst of the recent economic turbulence and have little recourse outside of our recent platform changes. Despite the inconveniences, we are confident our plan of action moving forward is greatly preferable than those of our competitors.
 
We thank you for your continued understanding during these difficult times.
 
Sincerely,
CoIntellect Staff



ive been enjoying my earnings from cointellect tell this happened!!! 
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