Bitcoin Forum

hello!

im new here, and im getting started on the bitcoin world so i have some questions...

i was reading some cloud mining companies, and i found one that i liked, but i dont know if i should take the risk and buy a contract...

so i would like to know if methud company is secure and trustable?

if i buy 500gh/s contract for 3 months, i will get some profit or no? my calculations said like 800 dolars profit is that right? or just far from reality?

just tell me your opinions, mainly about profit of this contract and the security of the company, i really dont want to be scamed, im a poor boy :(

https://www.methud.com/shop/ <--- methud company if someone wanna see before answer

An unreviewed untested site?

You are more likely to get a return giving your hard earned money to me than these people.

I haven't heard of this "methud" site before.
I could hardly suggest you to try such a unknown business lol. :D

can someone tell me a good contract company then?

The most popular ones are PBMining (http://pbmining.com?ref=byt411) and cex.io (http://cex.io/r/1/byt411/0/).

+1.
PBmining is a lot cheaper, while you can trade your hashrate on cex at any time.

I confirm it is a scam. Stay away!

I would suggest you PBmining becasue I use them Myself and their hash is really cheap compared to other companies but you can't resell your hash while in cex you can sell your hash but It costs more to buy It there than at pbmining also at cex you have additional big fees. Already got payment from Pbmining so I can recommend you them but you should do calculations your self which one is more profitable.

GET THIS.... who in the BTC trade gives you the option to pay with Debit/Credit card... PayPal... Direct Bank Transfer in the USA....????


WHO........................?????


not many, i guess... NON....


there is one that i know... tried and tested.... METHUD.com


all those who curse it here... have you guys tried it... (if you say yes, you are a crook) coz they haven't started yet, just pre-booking and you already decided they are SCAM

LOL... infact LMAO

grow-up teenagers... its not for you :D ;D ::)

So that site is run by a 8 year old retard, or the owner is stupid enough to pay people like these.
Stay away.

With this, the site will even get less interests lol.  ;)

Right now I'm chatting with their customer support, I'm surprised that it's not a bot lol.

Arrogance and lousy attitude? Check. Very typical scammer attitude.

Stay The F*ck Away from methud or whatever it's called.

I actually should take back my statement of this being a scam. I chatted for a while with support, they say that they are building their own miners using ASIC chips, (The guy in question didn't know what chips they were) and it seems that they are going to release and sell their own miners.

Their support was actually quite friendly, answered all my questions. They say that anyone can go visit them anytime, lol.

I have an open pre-order with Methud. As so far I have not seen anything yet.
Their dashboard should have launched yesterday but it's not available and so far no confirmation of any activity.

Support is really nice, but until I see proof it's working I don't believe it.

I jumped in too fast without researching first, will keep you guys up-to-date if anything changes! Just don't get it yet.

That's good. It looks legit, but it's nice if we got some feedback from real users.

They have a bank account number (Methud Holdings, nr 01999281124, Bank of America). Addresses and a support that's online a lot of the time.
I placed my order on the 26th of April which should have been launched at the 1st of May.

But they do not have a log out button, their servers test positive against heartbleed, no tax numbers, no reputation, domain is registered in December 2013 and there is no proof that anything is happening (except for processing orders).

When my account becomes active I'll post screenshots of it to proof that it's actually legit.


* about December: somewhere I read that in December they had their first round, although I can't remember where. That's strange if the domain had only been registered at that moment they would not have time to get customers or prepare all the software. It would seem like the first step of a new site.

* ps: I google searched the support's image which found David Marks's Linked In page (https://www.linkedin.com/pub/david-marks/64/431/a82), while in their support the name says Sean Millner.

If you use credit card to pay them you get charged by Dynalayer one of the companies Jared Rice runs.
If you don't know him he is the scammer of bit of glory.
Just do a search in the forums.

So in other words stay away and talk to your bank for a chargeback ASAP.
If you paid with bitcoins or bank transfer I doubt you will get anything back.

It's a pretty obvious scam. 

I have spoken with the sales agent and asked for a refund. The refund has already been processed.

In our conversation, I have learned that Methud will not be continuing with mining contracts and will be refunding anyone who bought one.

Honestly, I don't see this company to be a scam and I am quite disappointed that they are having the technical issues they are. Good prices and solid support don't exist in mining right now, it would have been a breathe of fresh air for them to come into the market.

I looked at the name on paypal and it is nothing to do with the scammers listed in this post. I think the bitcoin community has pushed Methud out of business before they could even start. I hate to say it but the paranoid, rightfully or not, community is what is making it hard for newbies, like me, to adopt bitcoins. Sadly, this is driving down the worldwide adoption.

People will argue that bitcoins are being adopted and in truth, they are, but to be truly recognized as currency and create a culture in which "everyone's mom" uses them, this community needs to be more open and not fight every new start-up that comes to market.

I know with all the scams in the past its hard, but something must be done in the community if bitcoins are to stand the test of time.

Just my 2 cents.

They're website is still up and taking orders.  Pretty strange if what you say is true.

I had also experience with Dynalayer and BitofGlory, so i can confirm that if you get charged by "Dynalayer" you will be scammed..

They will just promise that you will get your DASHBOARD and Minning contract and after 2 Months the whole Page is offline...for Ever!!

Stay Away !!

They just put a banner up with the text:

If you don't see the money credited into your account don't believe anything.

A banner that says that you will get a refund soon doesn't mean anything.

They promised hashing, then they promised a dashboard but they never delivered.
Who the hell in the world starts selling something without a dashboard? That's the first thing you make!

Unfortunately they just put banners up to delay disputes from the banks and try to gain some time.

So post back if you ever see the money in your account/credit card/paypal....

I was not charged by Dynalayer or BitofGlory with Methud and I did get my paypal refund back to my paypal account already. I can't vouch for credit card transactions but all seems legit and unfortunate.

How did you pay? You made a manual transfer to their paypal/email account?

Have you seen the picture from linked that a fellow member posted ?
Here it is again: https://www.linkedin.com/pub/david-marks/64/431/a82
Did the sales person (Sean Miller) have this picture in the chat you had with him?
When did you find him online? It seems that it always says leave a message.

I was just talking to him last night or 1pm Manila time, 1am EST.

I paid by Paypal and have my refund.

If you paid by paypal, just create a dispute and they will agree to the refund there. Fairly simple.

I saw that the picture was the same and I asked about it. He said it was just the default in the chat script they used. Seemed odd but really, why would they refund if it was meant to be a scam?

Not really. I managed to chat with the Customer Support guy once.

Are you sure scatlet

I bought contract by bitcoin method. I asked to refund 5 days ago, and remind them continuously but they have not refunded yet.

I will report you guy if they refund or not.

I have sent them a message too, like you I bought the contract using bitcoins. I assume the bitpay converted it to dollars since the money goes on a big pile and Methud now needs to convert it back.

and why is methud closing? do somebody knows?

Can it be possible that they use some random guys picture in the chat?
Who installed this? Livechat? I highly doubt that a real company would go and steal a picture from a linkedin profile to use it as "default" for their livechat.
So somebody from Methud did it.

Like I said don't expect your money back. If you indeed got them from Paypal back it might be that they know they would pay a bigger fee if you claimed it back instead of them refunding it back as they know with Paypal is case lost.
Why did they use Paypal as an option? To build trust.

See quote from their website still live:
"We accept credit cards on all mining contracts under $1000! We also accept bank transfer and bitcoin payments as well. Most mining companies fear customers pursuing chargebacks on mining contracts after receiving their earnings. With Methud, our relationship with our processing partners are unmatched! Feel free to chargeback if you are not happy with our service."

So people assume that since they accept Paypal and Credit Cards they should be legit.
Paypal might be fast refund, credit card might take 2-3 weeks but it will happen.
Bank transfers, bitcoin transfers are never coming back.

If you have paid with credit card and still haven't claimed a chargeback with your bank - better do it now and don't waste time.

Weird. I asked their support, they told me that no one paid with BTC. When did you guys order?

Below is my order:

Order #19597 was placed on April 28, 2014 and is currently processing.
ORDER DETAILS
Product   Total
500GH 3 Month Contract × 1   $375.00
Cart Subtotal:   $375.00
Order Total:   $375.00


Bought using bitpay.com
Methods, Inc.
#19597

Paid: 0.8557 BTC
This invoice has been paid.


Bitpay don't have any action to protect customers. I don't know why they still exist if they don't protect us, because we can transfer BTC without them.

So they lied to me. I asked them many questions on May 1st, and they said that up till then, they still hadn't gotten any BTC payments.

The transaction:
https://blockchain.info/tx/4b1fb88d106cb5b3fa2b97e1a16761034a0ae13d443dd2e4f3c7af769f7c7de4 (https://blockchain.info/tx/4b1fb88d106cb5b3fa2b97e1a16761034a0ae13d443dd2e4f3c7af769f7c7de4)

26th of April 0.828 BTC with Order #19582.

Haven't got any message back from support.


They still exist and are easy for the companies because they convert BTC to dollars immediately so the company gets the value they expect.

Thanks Guys.... Your right as rain about Jared and Tony being behind this scam too.  LMAO!  I would recognize Jareds childish words anywhere. If you want to know about Methud.com's leadership, look into Bitofglory.com scam (Jared Michael Rice and Tony my dick in his mouth Caldevilla) Go to jaredricedynastack.com to read more..

Everyone should beware of bitcoin mining, your entering an un regulated scammers dream!!!! Dont let your greed or hope of quick riches get you entangled in this money pit, YOU WILL LOSE!!!

Isn't what they are doing illegal?

If so, they should leave a lot of traces behind: paypal, bitpay, hosting, credit card and bank transfers.
What could you do against them?

Paypal / Credit Card - you ask for your money back and get them. They don't want to have their accounts closed cause they want to use them on the next scam.
Bitcoin/Bank transfers - no one can cover you. You sent it to them - there is no way to get it back. You have to find who they are and sue them personally - go to the courts and then try to get the money back plus any compensation.

Methud.com don't refund me. They are scam

Fuck methud.com

 ::) I SEE YOU  ::)