Quite possibly, but as Mr. Wolf says in Pulp Fiction

There is the possibility that it will continue to resemble scrpyt.cc more and more and return in some mutated form, as its contact/contract list has value to be sold on to other scammers.
Then we shall be able to add "hashtard" to "scryptard" in the Crytpo lexicon.
 

What are you wondering?
If it's 'why 6/7?' that's very simple, go back to the check list at the beginning of the thread and tick them off yourself, pretty simple.
Many people here say they get paid for a while, then returns drop to dust.
IF you have been paid out for over two years, human nature says you won't take any notice of what anyone says, you'll just rationalize and stay in till the end.
Up to you.

Who are you then?

Because, aside from pretending that Genesis mining's farm is in fact yours, you really talk outta your ass too

There isn't one.
Why do you think there would be?
Why would anyone who could mine profitably share those profits with you?

You won't pay any attention to what people say in this thread (unless they come up with another scam that tempts you more than HO), you will put your money into these schemes because they are "very tempting" and you will continue to do so until you lose it all.
Invest, sit, earn? The world owes you a living?
lol.
 

Well, good for you, asshole.

They will vote according to their own narrow interests.
Turkeys don't vote for Christmas.

I hope you are joking, that piece of shit has been on the list since early March.

Just to get some crappy scam sites into the search system, the following all rate solid 7/7 as ponzi "cloudmining" scams

bitstrategy.net/

coinhash.net/

bitcoremining.com/

sky-hash.com/

gigahash.org/

and the brilliantly named

scurmrr.com/

 

They're currently showing 18.5% earning/electricity ratio on B16 and also strongly implying that they are mining with their new 14nm gear, so if you want to cloud mine this close to the halving they probably look as good a bet as anything.
That's if you don't suffer existential angst at supporting the Big Yellow Machine.... 

It's to control the amount of worthless spam posts made by people in signature campaigns who post vapid short answers or chunks of quoted text from press articles every five minutes to reach their payment quota, like this user here  https://bitcointalk.org/index.php?action=profile;u=552855;sa=showPosts;start=0
Oh, that would be you, wouldn't it?

There are occasional referral shill posts made on this dead thread which are deleted as spam.
 I started a thread documenting BCN from a skeptical point of view, which I update on an ongoing basis with information I receive from disillusioned members and other sources, which you may find helpful.

The Tl,dr is basically

MLM comes to Bitcoin, in the shape of a possibly Romanian based pyramid scheme which is heavily promoted in conventional MLM style by an assortment of professional pimps with a long history of pumping crap schemes for referral commissions.

Large numbers of contracts are sold with the sales pitch of "Don't miss out on the new thing, Bitcoin, give us your money and get rich".

BitClubPool is started and mining is being done. It is assumed that the equipment has been bought from the $m's raised from non crypto savvy "investors".

Many grand promises are made including the launch of Clubcoin, merchant acceptance, ATM's, future purchase of cutting edge technology etc. none of which have materialized.

MLM schemes heavily use social media to reach gullible noobs and also take advantage of the "delete" button when awkward questions are asked, but direct feedback indicates plummeting ROI's for the locked in investors.

BCN withdraws from the US market, probably because of the threat of legal action for unregistered securities offerings being brought against the identifiably US based promoters.

BCP stats indicate around 40 P/hs of mining (including that for third parties) being done and yielding an average of around 4 blocks per day.
100 BTC is no chump change, but after overhead and the huge cost of the referral matrix, taking into account the unlimited number of contract sales that have been made and the approach of the halving, it's my view that Bitclub Network resembles a huge fraction activity Ponzi scheme which benefits only those "on the inside" receiving huge and ongoing referral commissions at the top of the matrix tree, and is unsustainable in the longer term when the locked in 2/3 year long contracts will become worthless.

 

That's really up to you guys on the ground in India: we have the same problem in my country, especially with schemes promoted thru social media.
Obviously, feel free to use my calcs, but "there are none so blind as those that will not see...."

There seems to be a considerable amount of Singaporean involvement in Bitcoin in India.
The Zebpay organization that you mention is headquartered there, and all the various incarnations of Gain mentioned in my previous posts seem to lead to

Tech Name:Mark Lee
Tech Organization:VariableTech Pvt Ltd
Tech Street1:The Franklin, 3 Science Park Drive
Tech City:Singapore
Tech State/Province:SG
Tech Postal Code:118223
Tech Country:SG
Tech Phone:+65.90795655

I wonder who M. Lee may be?

Good luck.

A reasonable question.
Let's have a look at Gainbitcoin's numbers.....

Let's think about buying a "Silver" plan



As things are a bit volatile at the moment, let's call one BTC $682.
So, with discount offer (? why offer discount if you are partially sold out?) of BTC12.99 we pay $8,898* for 18 months mining contract, expecting about 12% ROI per month..that's ~$1067 per month or $19,220 or 216% ROI over the life of the 18 month contract. Very nice......

We don't know what miners they are using for Bitcoin (that's if they mine at all), let's say Antminer S7.
S7's are claimed to provide 4.8 T/hs for 1250 watts, so let's scale that up to 6 T/hs, the size of a Silver contract i.e. 1560 watts.
We don't know what they pay for electricity either, let's say $0.06, reasonable to cheap.

And let's run those numbers thru coinwarz.com, a real calculator, not a joke one like Gain's.

We get....



We make a profit of $228 per month X 18 = $4104. What happened to our $1067 per month?
We paid $8898 to get back $4104....

A loss of $4794 with electricity at $0.06 per Kwh.

Ok, maybe they get free electricity (they don't), let's run the numbers again....
So we get our full gross mining flat out capacity of our S7, which is $296 per month.
X 18 = $5328...

A loss of $3570 with free electricity.



Not surprised really.


But, being one who likes to state the obvious let's do it
IF Gain are paying their stated ROI and mining with S7's or equivalent they are losing up to ~$5000 per contract (depending on electric cost)
OR
It is a Ponzi.


Edit:*I made a minor calc error of $37 in cost of contract, no meaningful effect on conclusion.

Have you read the White Paper?

Copi's an Irving not an it, wrote "Introduction to Logic".
My view, fwiw, is that by failure to provide proof for A (that CW=SN), in this case Not-A is assumed as default as it was before the claim was made, as A only ever existed in the claim, subsequently unproven, made by the potentially benefiting party.
One logical? step further would be that by failure of proof for A, the likelihood of Not-A is increased.
But yeah, I give you that CW≠SN isn't 100% proven, although neither is (insert any name)≠SN.

That's a bit harsh.
See my sig and also e.g. Copi (yeah, Wikipedia  )

Especially when the "evidence" had been provided by someone who would directly benefit from it proving his assertion, it failing to do that and then being effectively withdrawn in what could be described as a "huff".

It might be.
It might be playing up a bit, y'know, like the DAO.
or
it might be because they don't mine anything irl and the numbers you see are just made up.

Ponzi schemes will last as long as
A) The admin want them to
B) The supply of greedy suckers continues.

I think you should have a long hard think about doing "due dilligence" and other unfashionable stuff before you even think about sending any more coin to websites with absolutely no proof of what they say they are doing.
Note the multiple use of the word "think", try it sometime.
Also try applying the criteria set out here to determine if you have half a chance of not being scammed.
What's the burning desire to "invest" BTC anyway? The price is going up faster than any mining profits, just hold.

Spot the difference






+1