Xio is insisting that the ban was due to /u/nullc's 'doxing' of Cypherdoc (aka Marc Lowe).


It's all a bit pathetic, but I was interested in Xio's

'Public persona' is a non sequitur here, the applicable phrase is simply a "public figure".
Reddit says posting rules can be different for a public figure


Define Public Figure?
There's two "degrees" of such status, regular and limited purpose.

"A particular issue"?
Like a court case dealing with the legal definition of whether Bitcoins are a commodity or currency, where the two identities of the main character are publicly linked in court documents and on thousands of web pages?

Just a PSA about a scam cloudminer called [mod edit: removed link] slushminer dot com

https://bitcointalk.org/index.php?topic=1706261.0

According to Gainbitcoin, if you give them 1BTC then you purchase a Basic Plan, which gives you 1.5 Th/s mining power for 18 months



If you put that 1.5 Th/s (1500 Gh/s) thru coinwarz calculator, which takes into account all relevant data including the current difficulty factor, then you get this



Note:
In the coinwarz calculation, I have entered zero for both electricity cost and pool fees, and as hardware cost, the cost of your contract at current exchange rate.
Note:

Or, to put it another way, when your contract expires after eighteen months, all other things being equal, 1.5 Th/s of mining capacity will have mined

18 x 0.03945928 = 0.71026704 BTC.

So, even if Gainbitcoin pay no electricity bill or pool fees (their associated GBminers pool charges 0.9%), then if they return you 18 x 10% on your bitcoin purchase of the contract (=180% x 1btc = 1.8 btc), the conclusion choices are as follows

1) Coinwarz calculator is wrong
2) Gainbitcoin will lose 1.08973296BTC
3) Gainbitcoin will find some way to avoid 2)

Elaborating on 3) they could
1) Point to the "approximately 10% Mining Outputs per month" phrase and say, "Well, it was only an indication, not a promise" which will result in a loss for you
2) Invoke a T&C force majeure type clause and stop paying out prematurely, which will result in a loss for you
3) Close down/run away, which will result in a loss for you
4) Reinvent mathematics, which will result in a loss for everyone

My best guess is that they will take a course of 1) and 2) by relying on their T&C's


combined with 9)


As the difficulty will change from that which is current, they will presumably use a combination of these pieces of fine print to renege on the impossible implied promise of 10% per month return.


This is not India specific. People are greedy and stupid everywhere.

---

I don't know why you have started this thread as self moderated.
My post is factual and relevant, if you delete it I will leave you negative trust and repost it.

27,000 Gh's is about 2 x S9's.
You are providing and hosting them "for lifetime", and paying all electricity, maintenance, pool, etc. costs for 2.5 BTC, which is about what one S9 will cost in the box.

And
....

Get real, and get out.

LOL, I just noticed the week/month multiple change...have some red ink, moron.

Classy 

 
I'm trying to work out what tone of voice that last sentence should be read in.

How do you do that?
Visit 3,332 profile pages every seven days to ensure that no-one has stopped using a sig?

So, much activity. What's new?

Gainbitcoin

Registered to our mysterious Mark Lee from Singapore.
Missing from any reference on Bhardwaj's Linkedin.

Not much change there, still selling cloudmining through MLM hucksters and promising impossible ROI.

GBminers " a product of Amaze Mining & Blockchain Research Ltd." Also listed by Darwinlabs.io as
Bhardwaj is
And it's a mining pool, currently claiming around 70 Ph/s.
"From India?"
No, from Hong Kong.
"Biggest outside China?"
No, even if you qualify as "from outside China". Ever heard of Slushpool? Bitfury?

Amaze Mining & Blockchain Research Ltd.
 
Described as "Amit Bhardwaj’s firm".
He claims on his Linkedin

For that to be true, they account for all the hashrate of GBminers pool and mine another ~30 Ph/s at a pool he doesn't own, why would he do that?...
That also means that Amaze produces the hashrate that Gain sells (unless Gain mines thru another pool than GB, why would they do that?), which in turn means that gainbitcoin are not miners as they claim, merely hash resellers.

Darwin Labs

Owned by the three self described "misfits" who have fitted with Bhardwaj well enough to be listed together with him as the GBminers "team".
Other "products we have built" are Coinbank?, and an ad network.
Oh, and frankly.me, which apparently managed to devour $600,000 of VC funds in a year before they pulled the plug.
The "misfits" enjoy self description and self identify with an out there on the edge of sanity/genius/bullshit genre.
Mr. Jain explains why he should be trusted with VC capital

They also team up with Bhardwaj in the new venture, also based in Gurgoan, the presumptuously named

Satoshi Studios

Not thought worthy of listing on Bhardwaj's CV*, SS bears a little more attention later, especially


Sounds like fun, I wonder who picks up the B&B tab if you miss the cut?
And where the $50k's are coming from....

Rockminer

This ASIC manufacturer from the mists of time (2014) has no active website. In its day, Rockminer apparently produced some hardware, but it all ended in tears with involvement in the AMHash/Hashie scam, where they (allegedly) hosted Gen1 of the ponzi.
This all happened about the same time as Highkart breathed its last, with a bumper sale of cheap hardware...
I still wonder what happened to Fried Cat.

It is only mentionable here because Bhardwaj has bought 40% of it, according to this and Great Things are afoot


There's more....


Three years of very very hard work, so hard they didn't have time to build anything for sale whatsoever. Fascinating, the ASIC industry.

Also fascinating is this



I wonder how easy that is to do in rural China for an Indian, or for any foreigner for that matter?
If you're not the operator/owner, then exactly how safe would $$$$ of your mining equipment be?

That's enough for the time being, I have some paid work to do.

---

*(which informs that Nextgen apparently shut down four years ago, in December 2012. That's a bit of a surprise, because in the opening post of this thread, you will see a screenshot of Nextgen's claim to have Gainbitcoin as a client.
Gainbitcoin claims to have been "formulated in the year 2013").

What bullshit.
What's the rationale behind this hiding someone's posts without telling them that it's being done?
Simply linking a real life name with its forum nickname meets the definition of "doxing"?
What definition of "public figure" do they use?

Sure, clickbait op-eds and regulator intervention/police fraud investigation are exactly the same thing, right?


 

And, on this scam's previous MO, it will have changed names and ripped off investors at least twice more by then.

Of course it's bullshit, everyone knows the real owner of Bitcoin is Stephen Mollah



Even the "Decentralised Patent Office" (wow much official) acknowledges him as Satoshi


 

 

Some rather amusing/strange/exit strategy? recent activity.....



Or even to the real one.

And then




And then (it always comes in threes), it's clone time (or, if you were really cynical, pose as clone time)...

https://bitcointalk.org/index.php?topic=1704438.

Oh yes, it means something. Just not what you think it means.

Do you read Swedish?

http://www.lotteriinspektionen.se/sv/Press/Nyheter/Nanoclub-polisanmalt-for-misstankt-kedjebrevsspel/

No?
Let me (and Google) translate for you


"Chain letter game" is quaint terminology for "Ponzi Scheme".

Complete, total and utter, pure 1,000,000% bullshit.

Why would the debtor part with ~$150k if there is no contract, so no legal threat, and you allow no other approach to incentivize him?

It's a pretend review site, where people go while pretending to be other people to pretend review their own schemes in order to get people stupid enough to rely on it to invest money.
Invaluable.
#notreally

This has already been here for a while

https://bitcointalk.org/index.php?topic=1594742.40

Bullshit

That's because it's not real, it's a made up nonsense designed to scam stupid/greedy people, just like Onecoin.


You can see I think that makes you a fucking idiot.

For someone to allege they have had 650 BTC stolen from them and then, in the middle of their scam accusation, thoughtfully provide a recommendation for a better payment processor, I thought a little strange.

It became a little less strange when I looked back thru HotSwap's trust rating here and remembered the Moriarty connection, where 125 BTC was stolen by Moriarty from Rick James, thru his mixer Bitlaunder.com.

Then Fogpay turned up here



Tl,dr: HotSwap, a BCT account shown to likely be owned by the known scammer Moriarty, who owns payment processor sites, opens a scam accusation with no concrete proof against a competitor, and then recommends his own alternative processor in the middle of the accusation.

Perfectly reasonable.