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Other => Off-topic => Topic started by: Seketsuna on November 12, 2014, 09:55:45 AM



Title: Cloud mining service popping out like mushrooms
Post by: Seketsuna on November 12, 2014, 09:55:45 AM
I just noticed this and i think most of them are disguised ponzi schemes


Title: Re: Cloud mining service popping out like mushrooms
Post by: vm1990 on November 12, 2014, 11:12:58 AM
most of them are. but there are some legit ones out there

pbmining - legit
cex.io - legit
hashprofit - undecided but it pays out so going towards legit


Title: Re: Cloud mining service popping out like mushrooms
Post by: Hazir on November 12, 2014, 11:20:57 AM
Here is a nice site with Cloud mining reviews, you can check service of your choice yourself:

http://www.cloudminingreviews.com/ (http://www.cloudminingreviews.com/)


Title: Re: Cloud mining service popping out like mushrooms
Post by: Cryptozillah on November 12, 2014, 12:04:23 PM
You are probably right.


Title: Re: Cloud mining service popping out like mushrooms
Post by: 1Referee on November 12, 2014, 12:12:46 PM
That's normal, it happens everywhere. The more players, the cheaper everything will be. That's how free markets work.

Mining services battle with each other to offer the best rates, customers will benefit from that  :D


Title: Re: Cloud mining service popping out like mushrooms
Post by: Monkeytail on November 12, 2014, 12:43:23 PM
I just noticed this and i think most of them are disguised ponzi schemes
i wouldnt trust any without proof of mining hardware and hashpower, there are some who run away with the user's bitcoin after getting coins from user.


Title: Re: Cloud mining service popping out like mushrooms
Post by: niktitan132 on November 12, 2014, 02:10:50 PM
I noticed that,too.Most of these sites are scams and they disappear after they get many BTC,like lunamine did.


Title: Re: Cloud mining service popping out like mushrooms
Post by: b!z on November 12, 2014, 04:59:25 PM
the scams are ponzis disguised as cloud mining services. read forum threads to see if it's legit


Title: Re: Cloud mining service popping out like mushrooms
Post by: Lethn on November 12, 2014, 05:02:44 PM
There's a whole list here or legit and scammy cloud mining companies with people posting information about it: https://bitcointalk.org/index.php?topic=739510.0

For what it's worth, I'm buying hashing with Genesis Cloud Mining and I haven't had any problems with them.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Malin Keshar on November 12, 2014, 05:05:57 PM
there are scams following cryptocominer and the legit ones, like GAWs and others

Don't blame the legits for the scammy ones


Title: Re: Cloud mining service popping out like mushrooms
Post by: WestHarrison on November 12, 2014, 05:25:31 PM
Most of them are scams and you shouldn't trust them.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Hazir on November 12, 2014, 05:37:47 PM
You will be fine if you just be cautious. Obviously choose big companies with established position on market and you will be good. If cloud mining company is new, small, does not have full address or some information are missing from the site be wary.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Seketsuna on November 13, 2014, 01:02:44 AM
there are scams following cryptocominer and the legit ones, like GAWs and others

Don't blame the legits for the scammy ones


well cryptocominer was an obvious scam from the start. I cant believe some people invested $1,000 even if its so freaking easy to spot


Title: Re: Cloud mining service popping out like mushrooms
Post by: Bitminer1224 on November 13, 2014, 01:52:47 AM
I use https://zeushash.com. Does anyone think its a scam?  :'(


Title: Re: Cloud mining service popping out like mushrooms
Post by: u9y42 on November 13, 2014, 02:18:43 AM
most of them are. but there are some legit ones out there

pbmining - legit
cex.io - legit
hashprofit - undecided but it pays out so going towards legit

I know very little about cloud mining services, but I was just reading another thread on the subject, and among other things, the user jimmothy was presenting evidence PBMining was at one point paying mining earnings from new costumers' payments:

[...]
Here's evidence PBmining is a ponzi in case anyone is curious:

https://bitiodine.net/a2a/1BaconNYiSsZoq79K9LuEEp7RyGjKuwodJ/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1HammmJ8zaGVHicRxTPRDMdfGCujrfZc8y/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PBackwRV1rHvDpqkYRTR9WCEEEMEwuSrJ/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Bacon6DCo11jrXMvm39sgTxhRG9bRjQWy/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1FeedQtUArhfWVGuVH13dX8dbf5XqqqJSq/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Porky8h4XMoM1RbtTHe7ZpPAe7DpE79Hb/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1BaconH9L8CQ9eGJkjDqN28Pw8v8Rzbp6f/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Bacont6QxTg3SxfqEG5gfiqefGMCeSNqs/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PiGgYR36C3VdCP9k2zQLrp1ZvDQNdQsre/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1BaconV3vARfyvKDMCbfZ5rE6acstH6GFV/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

^ those are all instances where PBmining has paid "mining earnings" directly from new customer payments.

Taken from the thread https://bitcointalk.org/index.php?topic=835464.0 (https://bitcointalk.org/index.php?topic=835464.0).

I'm not sure I'd jump to the conclusion they are a ponzi scheme based on that alone, but I'd certainly think twice before investing there.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Seketsuna on November 13, 2014, 06:39:16 AM
I use https://zeushash.com. Does anyone think its a scam?  :'(

no one knows coz right now there alots of ponzi disguised. The best way is to diversify your investment in this type of services


Title: Re: Cloud mining service popping out like mushrooms
Post by: flyingplows on November 14, 2014, 11:45:09 PM
most of them are. but there are some legit ones out there

pbmining - legit
cex.io - legit
hashprofit - undecided but it pays out so going towards legit


are you sure pbmining is that legit? i was searching this forum trying to decide where to invest and it seems that although they have been around for while they are one of the least transparent ones, like compared to cex, genesis-mining, zeushash, gaw and others.. ..cant decide.. ::) :-\


Title: Re: Cloud mining service popping out like mushrooms
Post by: Rumble on November 15, 2014, 01:19:55 AM
theres some people who question pbmining in the service announcements because of no disclosure of a physical facility.

but people been getting paid every sunday as always. its been a year i think, so regardless i think its pretty safe.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Seketsuna on November 21, 2014, 12:49:59 PM
theres some people who question pbmining in the service announcements because of no disclosure of a physical facility.

but people been getting paid every sunday as always. its been a year i think, so regardless i think its pretty safe.

but there are some ponzi schemes who are able to operate for 1yr though.


Title: Re: Cloud mining service popping out like mushrooms
Post by: raskul on November 21, 2014, 12:54:58 PM
most of them are. but there are some legit ones out there

pbmining - legit
cex.io - legit
hashprofit - undecided but it pays out so going towards legit


you clearly paid for this forum account  :D


Title: Re: Cloud mining service popping out like mushrooms
Post by: Rampton on November 21, 2014, 01:05:41 PM
A lot of these companies are sadly just operating ponzis under the guise of cloudmining, so you've got to do your research. If they can't provide sufficient evidence of mining hardware then they're a scam. You could still make money from them but remember they can go bust or scam you at any time.

There's a whole list here or legit and scammy cloud mining companies with people posting information about it: https://bitcointalk.org/index.php?topic=739510.0

For what it's worth, I'm buying hashing with Genesis Cloud Mining and I haven't had any problems with them.

How much do you pay and how much money do you make back? Ws wondering if it's worth it for me.


Title: Re: Cloud mining service popping out like mushrooms
Post by: Lethn on November 21, 2014, 02:43:25 PM
I'm with Genesis Mining who are proving themselves legit and I'm using my sig payments so I can get a passive income, I haven't got ROI but what will happen is I'll eventually get enough hashing power that I can get 1 megahash a week so any increase will pay for itself, it's just a matter of doing your research like with anything.