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Hi Guys ,
 i just sign up with genesis mining  5 DAYS AGO  65 dollars for 2.5 hashrate x11  1 years contract
after 5 days i made my calculation and this is the conversation i had with genesis support today!
So just be carefull when you sign with genesis mining they will rip off your money!


#21538 Hashrate
D
Davide
reported a day ago
Hi, just i am wondering why i do earn so little! if i make this little coin i will never get my money back!
H
Helmut
said 4 hours ago
Hi Davide,

your payout seem to be ok.
you can get a rough estimate on www.coinwarz.com
insert there your x11 hashrate, scroll down to START or DASH coin -> there you will see the rough estimate from mining. due you are converting this in other cryptocurrencies, you have to make the conversion as well.

Best regards,
Helmut
Genesis Mining

Ticket: http://genesismining.freshdesk.com/helpdesk/tickets/21538




D
Davide
said 4 hours ago
Hi Helmut,

So i did pay 65 dollar 1 years contract to earn 2 or 3 dollar every month, do you think this is right for you?
this is my earning this 3 days please have a look...
x11 NMC balance of 0.1019889 successfully added to your account on 2015-12-23T12:00:00+00:00
x11 DRK balance of 0.01618999 successfully added to your account on 2015-12-23T12:00:00+00:00
x11 DOGE balance of 156.90991667 successfully added to your account on 2015-12-23T12:00:00+00:00
x11 NMC balance of 0.09533103 successfully added to your account on 2015-12-22T12:00:00+00:00
x11 DRK balance of 0.01419602 successfully added to your account on 2015-12-22T12:00:00+00:00
x11 DOGE balance of 145.43214024 successfully added to your account on 2015-12-22T12:00:00+00:00
x11 NMC balance of 0.10861577 successfully added to your account on 2015-12-21T12:00:00+00:00
x11 DRK balance of 0.01901324 successfully added to your account on 2015-12-21T12:00:00+00:00
x11 DOGE balance of 61.82204681 successfully added to your account on 2015-12-21T12:00:00+00:00
H
Helmut
said 4 hours ago
Hi Davide,
well, we do not make any calculations, we just provide hashpower.
and with 2.5mhs you will earn currently and this is close to your payouts you got first when you had your settings on BTC


Best regards,
Helmut
Genesis Mining

Ticket: http://genesismining.freshdesk.com/helpdesk/tickets/21538




D
Davide
said 4 hours ago
  I did change  configuration to all my 2.5 MH to  Dash coin ,than i will earn 5.9 dash every month? is this correct?  sorry to bother you again!
H
Helmut
said an hour ago
Hi Davide,
no, when you check out the site a gave you, you will see that you need currently 5900 days to earn one BTC.
or will earn per day currently
0.00015638 BTC / day
then you need to backcalculate the BTC to the DASH exchange rate, currently 0.00574 BTC/DASH. then you get your DASH
I know this is complicated, but this in the nature of cryptocurrency.
We try to be transparent as much as possible to our customers.
Best regards,
Helmut
Genesis Mining

Ticket: http://genesismining.freshdesk.com/helpdesk/tickets/21538




D
Davide
said an hour ago
Ok than i m really stupid ....i have paid 65 dollars to make in one years 30 dollars or less, this  dasnt make any sens for me! this is not transparent ...in my house is called ripp off people around
H
Helmut
said 22 minutes ago
Hi Davide,

like I already told you, we do not make the calculations of ROI, we just provide hashpower.

Best regards,
Helmut
Genesis Mining

Ticket: http://genesismining.freshdesk.com/helpdesk/tickets/21538




D
Davide
said 10 minutes ago
Yes you make calculation for your profit! And this is called Ripp off!
And you will have on the major website ours nice conversation! so people should start to think about you!

I will start from bitcointalk!

Thanks




Merry Crysthmas to everyone!

Cloud mining is almost always a rip off.

I expect that most of the could mining sites are just fronts for Ponzi schemes.

The few that aren't are counting on newbies not understanding the economics of mining so that they can take their money and give them very little in return.

Genesis Mining was a never a good cloud mining choice indeed.

Do research before you invest in cloud mining. Never trust a site that cannot prove hardware.  Never trust one with a calculator that does not include difficulty.   And never trust one with wording like "forever". Those are 3 rules I think are important.

Also never let anyone push you into investment.  Research and sadly you will find there is a lot of ones out there that are just ponzi's. 

While you may be mad at Genesis this one falls on you and not doing enough research.

It is very rare that cloud mining can work out for you.  The numbers generally dont work (unless you hit a real good luck streak).

But you need to do the math yourself, don't just assume the provider is helping you make money out of the goodness of their heart.  They're in business to make a profit.

So these new contracts that they made will not be able to ROI before the year ends !
Most of cloud mining sites are scam and when they are trust, they pay very low income. So one should make his calculations before paying his money

Their are so many thread where it is clearly mentioned that dont invest in cloud minning, that is why it is told that first read all the sections in this column , then try to invest in any scheme,

cloud minning was strictly mentioned as scam and it is clearly told that it is useless and investing in them is like throwing your bitcoins in dustbin. you will never earn from them, they will give lot of sugar coated schemes before you join , after joining you wil get the real fact of that site.

Becoming a noob miner at this stage isn't a good idea & I'd always advise against it unless you live somewhere that you can get free or very cheap electricity.

thank you for all the information i will read it carefully

You would be better just renting hash power to mine any new coins that come out and then sell those.  Any other way and mining with rentals is a waste.  If it was profitable they would just use the miners themselves.

Lol, they don't provide the calculations, just the hash power.  That's like a bank that just takes your money and doesn't calculate the APY.  I think it's been pretty much proven that every cloud mining scheme is a scam, so I'm not sure why anyone in their right mind would still be looking to buy into one. 

Don't let greed get the best of you.

You should open/move this thread to scam accusations; it'll get more attention there.

For newbies interested in investing in cloud mining, I'd advise you to read this thread first to know which cloud mining sites are the most reliable: https://bitcointalk.org/index.php?topic=878387.0

this is why mining isn't profitable nowaday,the cloud mining provider will cut off your profit for a maintenance reason,but they'd actually won't let you got ROI

This is why you should do a LOT of research before a investment.  Especially one where your trusting someone with something as important as cloud mining.

There are very few good ones.  But there are a few, but one OP did I personally would not touch.  I like tinkering with miners so I tend to buy and mine with hardware.  But look at one such as hashnest instead of the one OP went for he would have had much better results.

I don't see anywhere in the conversation where Genesis/Helmut is lying or being deceptive. The worst thing he did was suggest using the Coinwarz calculator, which will give absurdly optimistic results.

Sorry davide72, you need to show me why investing in a money-loser was a good idea before I can consider taking your side.

People had been warned every now and then here in the forum to avoid such as cloudmining is clearly just a ponzi to which they always get away. I can't believe no one ever get even to these companies.
Never have I seen a legit one really.


your signature is linked to a mining company as well so how much would davide get if he invested $65 to them?

Totally agree with you that they are selling Hash Power only, but they are selling with calculation of how much you will earn if you purchase this much hash power. so this is cheating because after you take their scheme then they tell you the real fact. so then this is scam or not.

This is why it is clearly mentioned that investing in cloud mining is clear ponzi and scam scheme and mostly newbie are getting afected.

i've always dismissed them, i rpefer to go straight away with hashnest, they have the best deal, and they are legit as fuck, no need to worry there

but besides that, with the current diff increase i would simply avoid mining, try your luck in altcoin mining

That's the nature of the business, the guy is right, you did pay for hash power, not for "guaranteed profit".

If it was profitable they would not rent their hardware, they would mine for themselves...

They give some "profit" illusion to drag you down into their fake mine.
That's why you should more carefull or you will regret forever

well... cloudmining is about buying people to mine it for you! not to make it ROI fast ;D Mining is there business and whether you make profit or not is none of their business

When doing cloud mining, you need to read all of the facts, prior to signing up and paying for them.  There ae few to no mining where you can make anything interesting.  I currently mine BCN and mine about 2,000 per day.  That is not alot, about 12,000 satoshi or .00012 BTC a day, but I am going to have my computer on anyway, so might as well mine! When it comes to cloud mining, paying for it is almost never worth it, so you need to read all the facts and do the calculations before you make payment.  Think of it this way, if you owned a mining company where your equipment would mine at 10k THz an hour, would you charge some to profit from your equipment, or would you keep the profit yourself??

You can't group 100 percent into this category.  Sadly yes many scum have created ponzi schemes, this is why people need to research.

Look at hashnest do you think it is fake mining?  I honestly think it is mining and not fake, and I get 0 dollars for saying that.  So there are some good.... but sadly a lot bad.

That's a poor justification. Your computer uses a lot more energy when mining than when idle. Your are making $0.05 per day mining BCN, but you are probably spending at least $0.25 in additional electricity.

i agree with what you said, several month ago i have some any contract of about four cloudmining service and all of them become a scammer and stole my money anyway...and for nowadays i never be interesting again in cloudmining and for now i do trading in altcoin bitcoin and it is more better than have a cloudmining contracts

thank you for informing about cloud mining, this forum is really very good as i am getting full of information about bitcoin and alt coins and also the information about the sites and their performances.

I feel sorry for you OP,but you can't expect more then that from cloudmining sites..almost all cloudmining sites are pure Ponzy and will eventually turn out Scams..they provide ROI after many days say 100 days which is both useless and bullshit,considering the site stays alive till then..HYIP are better then these cloudmining sites.Even though both Hyip and cloud mining sites eventually become scam,atleast hyip provides better interest and you can recover your principle in short amount of time,if in luck.
I would say be very careful and never invest in these ponzy type cloud mining sites..If you really need to invest then go for some reliable casino's house edge investments.

Used to think cloud mining was a good idea. After all I read around here, not really anymore. I will just let the cloud mining that

exists on accounts run their course and I would collect what comes. Otherwise, I will look into buying miners and mine altcoins

and trade them.Any cloud mining will just run its course into a wallet or so and be traded off until; the cloud mining outfit

finally goes under. If so, I got what I could out of it.

Mining in general is a big scam. The cloud miners are the real puppet masters of mining and they are scamming us all.
Stay away from mining is my words of advice.

How is mining a scam? Mining is the method by which transactions are included in blocks to prevent them from being double spent. Mining is an integral part of Bitcoin, without it, Bitcoin wouldn't work.

Cloud mining is different, and most of the time cloud mining doesn't actually mine, they are usually just ponzi or pyramid schemes.

Not just that, starters (like me before) earning their first satoshis would feel that its so good, but after some time, greed kicks in. Beginners must be aware of greed, as it might take over them subconsciously. I've learnt my lessons with golden-cows, (if anyone still remembers :P) at first it seems like I could get lifetime unlimited earnings, and my earnings increase over time, but soon, all of my investments just disappeared and I lost everything. :(

Too much to pay for a lesson, but still a lesson learnt. Know that money is not free, and whatever you are 'earning' must have reasonable work behind it. For example you gain from faucets as you are giving traffic to them, and they make money from ads, same logic to signature campaigns, so always find out the motive behind every investment-required-for-high-BTC-returns, and you might find out how cruel to have scams existing. :/

I have bought a contract with Genesis Mining without any problems... They pay out daily without any problems too.

But do you expect to make a profit? Can you show the math that shows how much profit you will make?

if you have 0.05-0.10 electricity you cna mine with your own miner, and no scam is involved, i would do it immediately if i had the possibility

then you simply sell your miner if the roi is too hard to achieve

That's why I invested $20 on a lifetime contract with them. I'll get my ROI 1 year from now, I recieve 0.0002 each day. What's your daily profit?

Most cloud mining investments are bullcrap anyway, and mostly ponzis. I invested in genesis mining mainly for kicks. If you think that cloud mining is profitable, something is wrong with you. Go participate in a signature campaign or something, or trade altcoin. Not try to go for some passive income.

Why are you saying that all are bullcrap???
Not all, but mostly...
And you can gain better with signature campaigns, but if you invest them in some good and reputed cloud mining companies, I have seen many that ROI you in 6 - 7 months, or instead go for an S7 which costs around 3 - 3.5 BTC and you will be able to ROI in 5 - 7 months based on electricity and hardware costs...

The cloud mining sites nowadays are just scammers and Ponzi schemes, so just be aware from this schemes and sites, and be careful before investing any amount there. That's just another warning and scam alert.

You can't fit 100 percent of them into that catagory. Sadly yes a lot are scams... it's sad but true.

But what about hashnest?  I think they are ok personally, I could be wrong but I think most would agree with me on that.  So just make sure you know where your investing before you do it.

It was not intended to be a scam, its just over time with the centralization of mining and no room for the little guy to make any money anymore. Its more of a ponzi really. With nothing in it anymore for us little guys.

There is still room for the little guy to make money. You just need cheap electricity and you will be making some money.

Obviously you don't know how a ponzi scheme works since mining is not like that.

If I escrow with somebody can they still scam me? Like if i send skrill can they somehow get my $ and never send me the bitcoin? Kinda like on paypal u can send money but then void it type of thing

Yes. That is why you use escrow. The idea is that the escrow is someone that both parties trust so he is entrusted with the Bitcoin while you send the other person the goods (e.g. digital stuff, skrill, paypal, etc.). When you confirm that the trade has happened the escrow releases the money to you.

Cloud mining is really just going about the marketing all wrong.  What they need to be selling you on is sure you might only be getting half of your money back if you were to sell you cryptocurrency now but what if you hold it.  From what I gather nobody really knows exactly what is going to happen with it.  If you look at BTCs history you can easily see where once upon a time it was probably the most profitable investment anyone ever made as far as ROI%.  What they need to be selling you on is an easy way to accumulate these coins for a fairly cheap wager.  I've bet more than $65 on plenty of football games.  If someone wanted to sell me on accumulating a little of this for $65 just in case it blows up, I'd probably be game.  What's the worst that could happen?

If I sell bitcoin using a escrow to somebody with paypal, will the buyer still scam me by reversing the transaction?

this is why i dont do cloudmining lol , its just too much of a hassle and the profit is insignificant.

Insignificant profit is better then insignificant lost...And I prefer not compare it with big lost or complet lost.

The "class" is to choose the good ones...
It is so easy to say everything is scam...
No...all is not scam,if it were so it would be easy to choose...the problem is that everything is not scam.
have noze...(lol)

This is a known issue. Even "old" members are often getting scammed by such sites. Never trust someone here.
The case of Master-P shows that even the trustful people are not trustful ;)

I'd like to second this.  I happen to think that most of the old timers here with green trust are in fact trustworthy, but yeah.  I said it before:  the Master-P situation is disheartening, and it's not a good idea at all to trust anyone here.  The best way to pull a long scam is to acquire trust first.

Cloud mining sucks ;) I got ripped off by http://pbmining.com a year ago, the sad newbie experience many of us go through.

Is hashnest a good cloud mining site?

so far yes...but you have to trade a minimum becauce the Gh/s is fluctuating...if you let sleep them...you can risk losing.
so far I was lucky with hashnest.

Yeah it's hard to find a trusted person in this forum. even old member escrow like master-p also can scam you. i think we need something new to prevent this.

they are the best cloudmining site, they also have the last asic tech

too bad there is a minimum in purchasing their hashpower, you can not for example purchase less than one unit, otherwise one can try how fast the roi will actually come in

The ROI is to see otherwise because you can withdraw anytime.
you can win or lose because the Gh/s price is very volatile...

So far i'm not unlucky but if i trade bad...

i would not trade immediately, i would at least wait for half of my roi, then see if i can reach it in the other planned half, or the roi has extended due to difficulty

at that point i can decide to sell my hash

hi guys, here peter from the netherlands

simple question, I hope:

in blockchain.info, wat is the PRIVATE key and wat is the PUBLIC key

in other words, how does private key and public key look like?


thanks in advance, have a healthy 2016

Generally with a blockchain.info wallet you won't see the public or private keys for your bitcoins unless you make special effort to find them.  If you create a backup of your wallet, they will be stored in that backup.

The private key is a number randomly chosen by the software between 1 and 115792089237316195423570985008687907852837564279074904382605163141518161494336
(when represented in base 10).

That number can be represented in any of various forms such as binary, hexadecimal, octal, decimal, base58, or Wallet Import Format (also known as base58check or WIF).  The most common format you'll probably find it in will be WIF (Wallet Import Format) which will start with either a "5", "K", or "L" and consist of an additional 50 (if it starts with a "5") or 51 (if it starts with a "K" or "L") letters and numbers.

The public key is the X and Y coordinates of a point on the secp256k1 curve.  As such it is 2 very large numbers.  It may also be represented in "compressed" form where the X value is given along with an indication of whether the Y value is odd or even.  From there the Y value can be computed when needed.

The public key can also be represented in any of various forms such as binary, hexadecimal, octal, decimal, or base58.  To most common form you are likely to see it in is hexadecimal (where upper or lower case don't matter and the only valid letters are A, B, C, D, E, and F) which will start with 04 (or 0x04) followed by 128 letters and numbers for uncompressed or either 02 or 03 (or 0x02 or 0x03) followed by 62 letters and numbers for compressed.

allright, that is very technical

can you give me an example of the private key
can you give me an example of the public key

Sure.  What format do you want?

Private key in WIF:
5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF

Private key in WIF for compressed key:
L53fCHmQhbNp1B4JipfBtfeHZH7cAibzG9oK19XfiFzxHgAkz6JK

Private key in hexadecimal:
E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262

Private key in base64:
6Yc9ecbYfcD7ald4YzOJ9EUyEzA9ph8gvWf8IzqjMmI=

Public key in hexadecimal:
04 588D202AFCC1EE4AB5254C7847EC25B9A135BBDA0F2BC69EE1A714749FD77DC9 F88FF2A00D7E752D44CBE16E1EBCF0890B76EC7C78886109DEE76CCFC8445424

Compressed public key in hexadecimal:
02 588D202AFCC1EE4AB5254C7847EC25B9A135BBDA0F2BC69EE1A714749FD77DC9

whow

here i got a code, that is called "identification"
and it has 8 characters and/or digits and then a division mark (like this: "-")
then 4 characters and/or digits and then a division mark (like this: "-")
then 4 characters and/or digits and then a division mark (like this: "-")
then 4 characters and/or digits and then a division mark (like this: "-")
then 12 characters and/or digits

is this the private key or public key?

by the way, I'm using the blockchain.info wallet, I think

Neither, that is the blockchain.info wallet identifier. You need to go into that wallet and go to the Import/Export tab to be able to see and export the private keys.

oke, thenks thanks.., so when i go into that wallet and choose IMPORT/EXPORT....

then I can see my private key?


And when i see my private key, that is the moment that I alone must see this?
in other words: dangerous, secret and so on?

Yes. It can be dangerous if there are Bitcoin's associated with that private key. Exposing your private key makes it possible for people to steal it which can lead to them stealing your Bitcoin. If you have no reason to look up your private key, then don't do it.

Sorry for your loss. Consider how you would feel if you had invested several thousand dollars? Genesis Minining is legitimate, meaning they have the hashing power they claim to have, they just charge more than the competition and there is no out for you ... once you own Genesis Mining hash you cannot sell it. When halving comes next summer all the contracts currently being sold will have fees greater than revenue, will be underwater and cancelled. That is when the lawsuits will begin.

If you need to buy hosted mining buy from a company that has an exchange you can sell your hash on at any time if you change your mind. Hashnest is a good choice. You do need to be careful what contract you buy though. This close to the block halving I would only be buying S7 hashing power. The other options will likely be underwater and cancelled after the halving. Knowing Hashnest I also expect they will have a new option better than S7 come this summer.

I just did it, but it was a big number

thanks for you lesson



AND NOW MY ULTIMATE QUESTION:
so, I will stay with my blockchain.info (hot) wallet, and my identifier (circa 36 characters), with my outstanding password and second password, is that enough safe for a online wallet?

that is why I have never invest in these mining sites

its better not to mine anything in my opinion

Again, I have to say it, Cloud mining is not profitable and even if it is, they are keeping the profit for you will be lucky to see it on your end once they charge all the fees and things.  The ones that look real good are usually scams.  Cloud Mining is garbage. 

some of cloud mining is a scam...its why i never use cloud mining...
in my opinion...maybe some of cloud mining site is a ponzi site

Good thread you made. Hopefully newbies will not fall into cloud mining scam after reading this thread. Many Some newbies are lazy, I would suggest you to edit your post and add in a extra large (font) TLDR saying "Do not invest in Cloud Mining!".

question 1:
so, taking online wallets in considering,
with my blockchain.info (hot) wallet,
and my identifier (circa 36 characters),
with my outstanding password and second password,
is that enough safe for an online wallet?

question 2:
the backup file is called: aes.json ?

question 3±
de paper wallet consists of only the private key?

I'm going with one thought on my mind, "How to earn something without investing anything or very little", so I don't get into any situation like you did.

I got one question when we are already talking about cloudmining. Wanted to invest myself into some cloudmining site , does it exist anyone thats worth geting a contract on?

Most (if not all) cloud mining sites are either scams or are not profitable. Honestly, it is up to you to figure which ones (if any) are worth risking money on. If you can't (or don't want to) do basic due diligence, then you should stay away because you are just going to lose money.

yeah try with hashnest, they have the s7 asic which it very efficient, you should roi in 10 months in the worst case

the problem is that you need to spend big at the beginning, because they are not selling portion of the hahspower of the asic

if like you said:"How to earn something without investing anything or very little" then my U2cloudmining is made specialy for you  :D

The first investors have now invested 50000 satoshi or so FOR FREE
it is based on a real econnomy and "market regulation".
It is now a little harder to get free shares.
tomorrow or in a weenk perhaps even more harder,but perhaps more easy.
it is the "market" who will regulate it.

You have absolutly not to be careful for claiming for free...
you have just to decide if you claim or if you do not claim for free.
If you do not claim...other ones will do it for you and take the shares (or better said a part of your shares)
After we have not to forget that it is a game...where you can claim for free or sell for satoshi your shares with 10% bonus.
You and only you decide what is better for you.
After ok...for investing with your own satoshi you have to be more careful...I agree.
I agree because one do not know if the shares will be profitable.
if you lose 5% of free shares it is not a bit pain...but 5% lost of invested satoshi is painfull.

It is why I want to add:
beginners be very carefull about what here is writen...
many systems are scam...but not every ones.

Nothing is sure with hashnest...how can you talk about 10 months?


As you can see we have paid more fees than income.

well something is wrong, since 1 antminer s7 consume far less than the what it generate, so there is no way that you are minig at loss via their cloud

otherwise it would be pointless for them to even run a cloud mining system

It's maintenance fees not consumation fees...
For me nothing seels wrong.
it happens sometimes that maintenance fees for 1Ghs are over the mining income.

that because you did not bought the entire hash, but only a small portion, that's your problem

your income is so low that the maintanance surpass it

     Are you serious?  Let me guess you own a cloud mining company?  The fact that they knowingly sell a product that has no way in any capacity to deliver a viable product to the purchaser, and knowing full well, that when ROI is discussed with the salesperson, they do nothing to dissuade the customers belief they will be profitable, is point in fact, deceptive, unethical, and criminal in every single way you look at it. 

     Your attitude is one of the major reasons btc and crypto-currency has the image of being nothing but a scam.  Why don't you go take some kids candy then tell them it's their own fault for not being able to stop you from doing so.  I guess you forgot at some point in your life you didn't know everything and relied on people to be honest and not take advantage of you.  This exact attitude is why scammers exist.  Maybe next you can go on some child abuse support forums and tell them how it was their fault also, how those people who did that to them didn't do anything wrong because they let those people, the ones they trusted, do the things they did.  Maybe you could become a police officer they're about as effective.  Get of your pillar, all you're doing is making the problem worse by making comments supporting the actions of a scam.

I feel that it is your responsibility to determine if their product is profitable before buying it, not theirs. It is up to you to make the decision, not them. I don't condone fraud. This is not fraud. They give you all the information you need to make a good decision.

As for my attitude being the reason for the existence of scammers, you have it exactly backwards. If more people had my attitude, there would be fewer people to scam.

     If they had given all the information needed to make a good decision, then they would have directed, informed, or provided him of the existence of the calculator or other means of estimating his ROI, before hand.  Like I said before at some point in your life you, just like everyone else, had to rely on someone not taking advantage of you.  Just because someone can take advantage, does not make it right.  If more people had your attitude open source would not exist.  The free flow of information would be blocked and censored, creativity would ebb.  History has shown that greed can stagnant social, creative, industrial, and technological advancement.  If you constantly have to worry about being scammed, by every single person you meet, people begin to not engage actively.  Why go through the hassle when it's most likely we will get scammed?  Due diligence does not always prove effective, as many we thought were trustworthy, end up not being trustworthy.  Even on this forum there are cases of senior high level members who have scammed others. 

    The problem is yours, and many others in society, belief that this is acceptable and just a fact of life.  It's that thinking that leads us down the path of acceptance, making us more and more obliging to improper behavior and situations.  Corporations and governments rely on such behavior, breaking our own laws we create, using that to press us as you would sheep.  Causing us to accept what is is wrong, making us believe we must conform to the change, passively we believe it's not worth the fight to make a change, what difference does it make, It doesn't effect me.

     So yes, your attitude is in fact the exact reason this exists.  And selling someone a pumpkin knowing full well they believe its a carriage, doesn't make me a princess, nor them legit. :D

Thank you for sahring you ruff experience. I'll be sure to avoid the site and keep watch for other sort of scams

The only cloud mining service that I;ve had a profit from was, hashprofit, none else.

the only because you have not tried my uncommon U2cloudmining system.
if you invest for free you are sure to have profit.

Thanks for mentioning this. I was thinking of buying some cloud mining contracts tomorrow after getting hold of some Bitcoins but this seems a pretty loss buddy :-\

-Dean

The layout of the site seems like a site which is created without seriousness

I'll eat my hat if anyone can show me the maths that makes cloud mining profitable/worthwhile. When I did the maths, it just never worked out.

i think cloud mining is risky i mean we dont actually know that they are trully have rigs or do mining, but mining would be profitable if you have a big capital and lot of rigs and cheap electricity of course, just saying

There are no maths because mining is based on luck...
you can only "see" after if you have earnt or not...and how much.

if you are curious then invest in my U2cloudmining system (for free) and you will get the answer.

It is horrible...(lol) to say it...but it is possible to make profit with anything you want...even with one unprofitable U2 miner.

Invest in a newspaper talking about profit...you can make profit.
Invest in a newspaper talking about lost...you can make profit.

it is why my system makes profit...and sorry for all my detractors..;it is so...it is the truth...I tell you the truth...
and my detractors saying that I'm a scammer and a ponzi sheme runner are liars...

it is why...dear beginners...be very careful...yes
Not only about scammers but as well about all the liars who tell you that this one or that one is a scammer.

Sometimes they only say it because they want just make a post to get sign campaign cash (lol)

Q Question:

When mont.Gov is hacked of another company, especially blockchain.info, and they steel all the bitcoins,
is that a big problem for the clients? In other words: the client lost his bitcoins now?

greetz, peter

Who is mont.gov?  I've never heard of them.

This question seems a little silly, but I'll give an honest (and equally silly) answer:

If someone's bitcoins are stolen, then they have lost their bitcoins.  If they keep their wallet secure and their bitcoins are not stolen, then they will not have lost their bitcoins.

because blockchain.info is a web-based wallet?

when someone hacks blockchain.info, and steel all the bitcoins, them I have no bitcoins anymore?

Blockchain.info is a hybrid wallet.  They do not store your bitcoins and they normally do not have access to your unencrypted private keys.


That depends on how well you secure your bitcoins.

Your private keys are encrypted in your blockchain.info client software (your browser or your smartphone app).  If you have chosen a weak password then a hacker might be able to decrypt your private keys and steal your bitcoins. If you use compromised software to access your wallet, then a hacker might be able to trick you into sending your bitcoins to them or trick you into revealing your private keys.

If you keep your private keys secure, then the only thing a hacker will get from blockchain.info is your encrypted private keys.

fair enough, thanx for the answer

I installed multibut, just an hour ago, and i made some bitcoins over from my hot blockchain.info online wallet TO my multibit hot desktop application


and I see no transactions, is that because the transactions are not yet confirmed?
or is it because this recent Multibit application must load a big amount of data first, before that it can operate?


I hear and good night
(here in The Netherlands the time is 23.30 uur

so you paid 65 for a year, but what you can get in return is just less than 30???

Beginners just learn and then try to earn still that don't involve in any transactions
Some time you may not get the right one for transaction and end with loss
Learn try to gain with signature campaigns and then involve in trade to earn high.

The difficulty is rising too fast, it is difficult to profit from mining. The Ponzi scheme mining pool will win.

The recent crisis has led to such a situation in which the base of the technology mainly miners has received most of the effects developed in the drastic fall of the bitcoin value

I installed multibut, a few days ago, and i made some bitcoins over from my hot blockchain.info online wallet TO my multibit hot desktop application


and I see no transactions, is that because the transactions are not yet confirmed?
or is it because this recent Multibit application must load a big amount of data first, before that it can operate?


the first transaction is done (ca. 10 dollar)
the second transaction is still waiting to be confirmed

any one knows the answer?

Did you send them to correct address?
Please check your Blockchain account if that transaction bounced back or not?

I also know Multibit do not need to sync like the core wallet.

it is a sort of bounced back, or not bounced at all, but there is a text looking like

"unfonfirmed transaction"

if it shows unconfirmed transaction then you only need to wait for the miners to include it in a block. can you give us the transaction ID or your bitcoin address so we can check further?

okee, helemaal duidelijk (thats dutch)

ok, completely clear



tnx

Thank you for sahring you ruff experience. I'll be sure to avoid the site and keep watch for other sort of scams.

Thank you for sharing this information. This is timely as I just signup with them and i'm planning an upgrade to a paid member.

It seems that cloud mining is not so much profitable nowadays.

Cloud mining is not that profitable but you can learn and get advanced in the bitcoin tech, Eventually if it doesn't give much profit over the future cloud relating process is gonna rule the technological factors from tech persons words. So you better get involved than showing interest over gambling or some other lucky charts.

I have question to op, before he join that cloudmining what the promise they give or why op want to join ? Did he really not do calculation or what ?

Which mining is most profitable?

Anyone may share his/ her experience please

Hashnest is the most reliable. It is supported by the biggest miner manufacturer in the world. I am not sure if it is most profitable.

I agree...the most reliable.
About profit...it depends only on you...because you have to take risk by trading your GHs...and it is not so easy...believe me.

I will not trade my hash rates. I will just use it until it expires. For the time being, it is still profitable.

when i learnt about cloudmining, it just seemed a little too good to be true. its seemed like a perfectly safe investment, but then when i invested about a 100 bucks into it, i got almost nothing out. and that just proved to me that cloud mining is a scam.

trying to make a PAPER WALLET (so called hard wallet/cold wallet),
using BLOCKCHAIN, I have some insecurenesses

on that print are visible: THE KEYS
- the public key: my bitcoinadres, receiving btc's
- the private key: this key is for sending btc's


this is a part of the paper wallet, am I right so far? YES/NO?




greetz, peter (the netherlands, now here it is  almost 09.00 in the morning

Pretty much all cloud mining is worthless now. About a year ago I did buy into hashnest and held onto that and reinvested what I earned. I did make out with a profit there but
have since then cashed out.

I went on eobot the other day to warn people to get away from them.
There was a anon user on there that just deposited 15 btc. I said he was crazy and would never get his ROI on it and expect to lose it all in about
3-4 months

I was stopped by the site admin. He said that it was not true. I did not have the strength to argue with him.

i have tried cloudmining even back when everybody was saying it is profitable and there were a lot of them being created every month. but none of them were giving any decent profit, and worst off all was that most of them were just ponzi schemes.

the only time i could get any kind of mentionable profit from cloudmining was when i bought GHS on cex.io and the profit came from trading GHS and not the cloudmining!

Risk 0.001 BTC on my U2cloudmining...perhaps will you be happy?
if you are too much suspiscious for 0.001 BTC...then invest never otherwhere...

trying to make a PAPER WALLET (so called hard wallet/cold wallet),
using BLOCKCHAIN, I have some insecurenesses

on that print are visible: THE KEYS
- the public key: my bitcoinadres, receiving btc's
- the private key: this key is for sending btc's


this is a part of the paper wallet, am I right so far? YES/NO?




greetz, peter (the netherlands, now here it is  almost 09.30 in the morning

Yeah, thats correct!

Did you create your paper wallet offline on a secure computer?

If your talking about paper wallet from blockchain.info that is not a cold wallet.  Yes you have a paper wallet but it's from a hot wallet.... so it is not cold.

Did you use blockchain.info? That is how I'm reading it if so you did not make a cold wallet.

tnx for reply, and no, I did not create it on a secure machine, is that realy raely realy urgency?

I was talking about paper wallet from blockchain, so I understand NOW that it is nog a cold wallet, now I understand, TNX
Yes , i Used bockchain.info, and I am busy now to create a paper wallet, but the thing is, that I'm not sure
what the 42 character number is UNDER my bitcoinadres (public key)

well I am fairly new to cloud mining and crypto currency but with all my research I am finding it to be a big scam I used cldmine and the pay out is so low.

if cloudmining were always scam...then cloudmining would die...

do you know of some that are paying. and not gonna take 2000 days to get return.

hashnest is paying instant...
My U2cloudmining is of an other kind...
it is paying once per month...
ok prfit perhaps only after 2000 days...
one can not know the future.

"There's a sucker born every minute"

This really should be a thread ending post. I don't see how this is not obvious to everyone.

The "warning" in this tittle is funny...
why should only beginners be very carefull?
Fortunately I'm here... (lol)
EVERY ONES be very carefull...

I think the beginners are more vulnable. I do not know much about the scamms in the bitcoin world. I just read from the posts.

it's easy to learn about:
claim here shares  for free:
http://u2cloudmining.winspiral.net
sell shares when you believe it is interesting to catch the bonus
if you are never paid...then you have been scammed...

I don't understand how these guys make money, how can people be so stupid as to not realise you wont get roi ?? Buying currency will give u 100% and its instant, why would you want to wait for that ?? Just buy and you can have an instant mining machine lol xP But seriously think about it. Buy currency strait is like an instant mine, and then the value will increase over time as well so you make a bit of a profit when buying provided you buy the right crypto and with bitcoin you cant go wrong really .