Bitcoin Forum

We all know that most of the cloud mining operations are actually ponzi. But, ponzi or not www.cloudmining.website has paid consistently for more than a year. I am thinking about investing in it. But, I'd like to have public opinion before...

I woul like to hear the views as well. So anyone please some insight would be great.

i have invested in hashocean and achieved ROI in 4 months. Now thinking of going to genesis mining

i'd like to ask you first, can you afford to lose what you are going to invest on that "cloud mining site" ?

if yes then go and invest your money, but if not then stay away from the site

as simple as that

where are the proofs that they pay for 1 year+ ?
because the site is online for 1 year, dosent mean its all good, could be a trap.

I think there might be a mistake here, there was one cloudmining website but i think the tld ends with .com

Please check their payment history as well as CM monitor inclusion date.

No, I have verified that they are not only online, but also paying over a year. But, that does not definitely mean that they'll keep paying forever, if they are a ponzi. Hence I'm trying to gauge public opinion before investing.

Can you post or provide these proofs? Just taking the word of a brand-new account isn't something that is likely to happen here.

I personally feel all cloud mining sites are garbage now. They have been for a while. Not a chance you will get your ROI now.

I was thinking the same thing

You are not alone, most cloud mining sites were ponzi shits and you have a small chance gaining profit or even reaching ROI. They said there are some legit left but its not profitable at all. Just avoid cloud mining at all :P

Definitely. Here is their payment history starting from November 10, 2014 - http://www.cloudmining.website/payments.php

Thanks for posting, they do indeed have blockchain payment proof, but does anyone here remember pbmining?  ;D

I also noticed not a single picture of mining hardware is to be found anywhere on site.

Not sure what you are talking about. I'm suspecting that they are a successful ponzi and you are asking for mining equipments!

I suggest stopping to think then. Lack of proof of any mining resources should remove all doubt that this venture is indeed a ponzi, as legit operators would most likely be glad to showcase their equipment.

 treat it as a gambling, That anytime you can loose, but the rewards are high if you are a risk taker

That is what I'm doing. Trying to gauge, how reliable are they as a long term ponzi based gambling website?

if u ask me, it can simply be payments made between them

No different than traditional ponzi operators, who send their own BTC to deposit address to make their scam look more popular.

The reason these "cloud mining" ponzis can last for so long is because they are the exact same thing as any other ponzi, just paying out the few that ponzis payout extremely slowly.

As an example, a lot of ponzis that you'll see listed on this board have a minimum investment of 0.001 or 0.002 - some even have 0.01 btc as their minimum. The minimum on cloudmining.website is 0.01 as you must buy at least 10 GH/s.

If you calculate it, an investment of 0.01 would get you about 0.0002 btc a week meaning it would take over a year just to earn your investment back. The ponzis listed on this site will give you a return of 0.01 for as long as 100 - 200 hours. Those usually end of scamming quickly because people revolve around (A) profit and (B) time (quickness).

So some people will make massive investments in sites like cloud mining but because the reward will be so low, they can keep it around for much, much longer attracting more of those massive investments. I'd say cloud mining in general is a more profitable scam for the admins, so I guess a very lucky ponzi.

I suggest you don't actually invest in this. It's a waste of time and money. No, a site with the domain ".website" does not actually have data centres where they mine bitcoin. They just use new deposits to pay the old ones until they are satisfied with their earnings. Then they run.

I dont get any substance in the bold part of your logic. .website domains are indeed more costly than .com. The I am not arguing that they're not ponzi. The ponzi is still running and paid on last Monday too...

https://blockchain.info/tx/bdc03dc3e0612db3c3a1369ffd7fc43617fd8cc42b9a17030309009246160a06

Check this first about "cloudmining"

https://bitcointalk.org/index.php?topic=878387.0

Regards.

Im remember it. Not only PBmining but HashProfit too. Even blockchain trails show relationship between wallets.
Even remember how someone accuse me when I told about that. ( I "insulted" them and "blackmailed" ).

Where right now they morons? (Hey, official HashProfit "representative", where are you?)
(As I know someone from they "firm" also got soldering iron.)

Think people forgot.

Regards.

I think you should give them all your Bitcoin.

I am NOT an idiot. I treat declared ponzis as roulette type gambling games and I'd never invest something that I can not afford to lose. What I'm trying to understand here is whether this www.cloudmining.website is honest about the ponzi payment or not. In the mean time, they have published another payment link...

https://blockchain.info/tx/6e6b9ea23fa6b80ae6f9ee1a6c7e766ee0c447933b78c2c682eb0514c9429967

This cloud mining is mysterious.

Though I do not recommend joining in HYIP sites to earn bitcoins, you may go ahead and invest at your own risk.
So far, hashocean has done good for the past two years, and I think genesis mining is next to bloom.
What I recommend is bitcoin-altcoin trading and creating faucet rotators

Genesis-Mining has already bloomed... is not it?

Yep all ponzi cloudmining is paying up to now but the time will come that they cant pay you and they will disappear before you get your investment back, so its safe to invest what you can afford to lose.

Totally agree with you .Seriously where are mining proofs.Lets take best example of the same type of site which scammed.Scrypt.cc was also a cloud mining site which was there for almost 2years and now is slowly scamming away by saying that account is compromised or was hacked and many users hash rates were stolen.

check my signature is one of the legit cloud mining sites on the web

there is no such thing as "Stable" ponzi, they all run and don't give two shits about anything.
there are a lot of options in earning more btc, but investing in ponzis is not an option
try gambling, at least you still have a little percentage of earning
or try to trade your coins

LMFAO! Come on sockies, you're supposed to at least change the text of the shill-posts for your ponzi 'cloud mining' scam!

You would most likely make more profit, if u strategically invest in a stable ponzi than a gambling website. At gambling website, the odds are much more than a stable ponzi.

Fuck off you disgusting shill. There is absolutely no 'odds' that can be calculated for whether a ponzi is going steal your money now or later. It is down to what the scammers choose to do.

Give up your desperate shilling for that dust-payment 'cloud mining' ponzi scam you shill for.