Also, I find it strange that GM could sustain by mining with older hardware. Those old hardware should be inefficient and cost tons of electricity. Shouldn't they be using more efficient miners, 14nm tech, such as S9s?
And what happened to scrypt power they took away from their customers? I understand that scrypt has better longevity than other algos..
When you have other people paying for your electricity it's very easy to keep them running forever. It's even easier when the miners don't exist, which could be the case. I have asked them to clarify these points on their self moderated thread, (which they visited today) https://bitcointalk.org/index.php?topic=602022.msg15225615#msg15225615We are dedicated to transparency
transparent
tranˈspar(ə)nt,trɑːn-,-ˈspɛː-/
adjective
1.
(of a material or article) allowing light to pass through so that objects behind can be distinctly seen.
"transparent blue water"
synonyms: see-through, clear, translucent, pellucid, crystal clear, crystalline, limpid, glassy, glass-like, liquid; More
2.
easy to perceive or detect.
"the residents will see through any transparent attempt to buy their votes"
synonyms: obvious, explicit, unambiguous, unequivocal, clear, lucid, straightforward, plain, (as) plain as the nose on your face, apparent, unmistakable, manifest, conspicuous, patent, indisputable, self-evident;
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Lol, WOW, dare to ask a few mild, relevant questions and get Ad Hominemed as a psycho by their Number One Shill! Way to go Zeta  By the way, you never thanked me for pointing out, last time you were raving about your ETH contract, how much MORE money you would have made if you just had bought the fucking coin, not given your money to Mr. Streng to mine it for you rip you off... Edit: Thank you for your message
I repeat my reasonable questions, and a couple more besides, addressed to Genesis Mining on their self moderated thread, on the largest Bitcoin forum there is (which they visited today), expecting a reasonable response from the self proclaimed, fully transparent, cloud mining industry leader 1) What is your total hashrate? 2) What pools do you mine with? 3) Do you also solo mine? 4) Why can't we see the address to which the new coins go? 5) What equipment do you use to mine Bitcoin? 6) How have your mining plans been affected by the failure of Spondoolies? 7) How do you propose moving forward with the conjunction of the halving and 14nm competition staring you in the face? |
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Then what about the mining companies like hashocean? Will they shutdown?
If you believe Hashocean, they don't mine Bitcoin, they mine altcoins and convert to Bitcoin for payment. If you don't believe Hashocean, they are a ponzi scam similar to Scrypt.cc and will shut down when they have stolen enough money. Which Bitcoin cloudmining companies are you referring to particularly? |
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What is genisis total hashrate? why are they not solo mining?
Join over 200.000 people with the world’s leading hashpower provider How do they know that? a certain degree of exaggeration is permitted whit advertisement. Look ad detergents they say always they are the best and the worst smudge will go away. I totally do not bother me Genesis Mining say they are the biggest, and in cloudmining they really could be the biggest provider. Yeah, we're all aware that you're their No1 fan, but what you call "exaggeration" some people might call "lies", unless proof is offered. They "really could be" a lot of things....transparent, no. We are heavily investing in the best available hardware to stay at the edge of technology. Like what? Semi obsolete product from a bankrupt company? |
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What is genisis total hashrate? why are they not solo mining?
.. I do thing they uses pools. We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).
Why not? If they are so big (see claim below) why aren't they solo mining now? Users could do with some fee saving. For a company that makes a big deal of "transparency" "good citizen" blahblahblah, they are actually pretty opaque. Join over 200.000 people with the world’s leading hashpower provider How do they know that? Read my sig. |
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What is genisis total hashrate? why are they not solo mining?
And what are they mining with? Spondoolies after sales service might be a bit patchy these days.... What's the plan for halving and the march of the shrinking nm's? A supposedly professional outfit, industry leader etc. would be expected to be a bit more communicative irl, but this is Bitcoinland I suppose. |
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Hashocean is cloud mining service provider which already have bought hardware for mining altcoins and provide rent or even contract method for hashpower to their user. This things can be easily understandable but predictions made with ROI are quite stumbling.
Halving is the most important thing affects on mining so there might be no future for cloud mining.
Yobit sponsored garbage. |
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Actually its a nice idea to hire a hitman from dark web, the only problem, real hitman services are 99% scam in deep web, but actually there is a website there called BESA-Meaning trust in English, these are some Albanian dudes so you can expect them to finish the job as they just don't give a fuck about anyone as long as they get what they want, money in this case. Here is a link to their unhuman cruelty http://www.tralize.com/2016/04/besa-mafia-exposed/I think these scammers deserve that people who lost money in CLD to hire one hitman to make the job done. Weird logic/morality you got going on there..... Some greedy fuck decides to put his money into an obvious scam and then, when the inevitable happens and he gets ripped off, he should give money to bunch of psychopaths to start shooting and beating up people  How about: don't be a greedy stupid fuck in the first place? Nah, too easy.......  |
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this will be next : https://topmine.io/a clone of cld mine , i think its same operator. I hope no one will invest there how lost coins on cldmine ! kidnr egards Topmine and CLDmine have been listed as ponzis on the Cloudmining 101 thread for a long time. The problem is that Bitcoinland is full of stupid, greedy, green as grass kids who "know better" and give their money to these scammers, then go "Waaaah, waaaah, Bitcoin is shit" when they get ripped. Very hard to be sympathetic. |
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Damn I putted $2 freaking bucksin CLD. just refund me freaks.
Hashnest is scam or not? they only provide S7 hash power and not S9.
And about hash ocean as we all can see they are recently started to grow in hash rate.
If big farms like cloud mining farms can't sustain and can't profit from mining so they become scam then who is profiting from mining?
Because if big companies with huge hash power are not earning from mining then why the fu** do these coins still exist and been traded?
Tip me, I'm a noob Here's a tip, STFU until you know what you're talking about. |
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How funny! CLDMine's admin tried to prove his innocence with "Guaranteed Refunds" thing and very funnily, it never existed. In fact, I searched around those addresses (the ones which received those refunds) and most of them lead to the same following bitcoin wallet:
1GUkazUBpXWdSJ9HbgTapAH7uybpi3Cs6K
Pretty sure that all of those refunds are totally fake.
Yeah, I doubt there will be a ponzi scheme where they are legit enough to refund their customers their scammed money, provided that they have paid for the "guaranteed refund" service beforehand. Not according to our resident HYIP expert Ri(t)ch. He says he was paid out along with other $1000+ "investors" because scammers afraid of Dark Web hitmen. Or smth like that.... btw: actual CLDMine is down/death, but I got all my investment back as shown on their goodbye-page and in my wallet  ) So are you saying that the Guaranteed Refunds list is real and you were on it? Well, believe it or not. On CLDMine was an "insurance"-knob for investors over 1000$. I guess, all that paybacks were payed by low-investors, because CLD would have big problems, if they scam the big ones. How much BTCs are needed to find a scammer i.e. via darknet faster than the police? (sorry my bad english - I´m not a native speaker) best regards |
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btw: actual CLDMine is down/death, but I got all my investment back as shown on their goodbye-page and in my wallet ) So are you saying that the Guaranteed Refunds list is real and you were on it? |
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This user Dorrittulx has presumably been hacked and is spamming this everywhere Do you want to get 0.5 BTC Free? And earn 0.05 BTC per referral? Then join this awesome bitcoin cloud mining company! ...bitfog.io/?r=57728 I've seen similar in the past, so I guess some scammer has just dusted off an old script somewhere. |
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As it stands now, most sold accounts are used for non-scamming purposes
Do you state this from your first hand involvement in Account trading? What are "non scamming" purposes? Presumably they involve a financial benefit, so are you referring to signature campaign income? if the sale of accounts were disallowed then the buyers who buy accounts for non-scamming purposes would no longer wish to buy accounts Which would mean that "the non-scamming purpose" market would shrink, or need to be opened up to newbies. but the number of accounts for sale would remain the same. No it wouldn't, it would mean that account farming would be much less attractive because of the danger of all the accounts belonging to the farmer being rendered worthless. Basic economics would imply that the price would go down, reducing the costs to potential scammers
No, because above: supply would drastically reduce. Unless you're talking about the $10 loan market, does the cost of an account really figure in the number of scams pulled? Imo, no, IYO, probably yes. Tl,dr: Pros More difficult for scammers Less sig spam Account farming made unprofitable Cons None. But nothing will change. |
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This web again. It collapsed because there was flooding in France. But this site will return. Administrators have announced.
Yeah, that's the drawback with running a "cloud miner" from your Mom's basement, they are prone to flooding.... |
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My dear Sir, u re a piece of shit. Being happy cause ROIed and knowing that money was stolen from other users, well, that tells a lot about you. I hope u lose every single BTC u ve got and which was stolen from other users. I also think other users should leave a nice comment of two about your trust rating. It s obvious what kind of person u re.
Says the guy who used to pump this ponzi, claimed to have ROI'd at the expense of everyone else: https://bitcointalk.org/index.php?topic=527395.0 If pppjp is a piece of shit, then so are you. Arguably more so because you used to promote your favorite scam non stop for a referral fee. LOL, I've been marvelling too at Ivan's magic transformation from Bitcoin Trader heavy duty shill, to Protector of the Vulnerable.  Those were the days, yonce and Sunny....I wonder what names they're using and what they are pumping now? |
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When it sounds too good to be true it normally is. Always skeptical on new starts for mining hardware unless theirs video proof and test units sent out to trusted bitcointalk members. So happy I did not buy here and now coming back to the thread after seeing much talk makes my decision clear not to buy here. Seeing OP not been active since 2015 is clear that this is turned Scam. Stay away if you know what is good for ya.
They update websites, photo spread in fb and instagram, constantly involved in Bitcoin and STATE conferences with european banks. scam? yep, for sure Mr. Garza did the Same, you know the End of the Story? I do not think so. Garza did not work on the state and did not pay taxes. https://www.instagram.com/p/BFlz01gIfnz/?taken-by=hashcoinsWhat does that picture prove? Nothing. What would be more reassuring that these guys were legit would be for them to actually make and ship some hardware, seeing as how they are supposed to be a hardware manufacturer. I mean Uranus WTF?
A couple of shill accounts have woke up after a year or more, that's always a good sign. |
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Hashcoins and Hashflare have never been convincing to me, vaporware and cloud mining are a bad combination. Good to see that someone is joining the dots. The last I saw was they were taking pre orders for the Uranus vaporware and when the customer complained too loudly about the continuing delay, they gave him some cloud mining contract as a "refund". Their idea was to collect money for Uranus project , which is in real their own mining rig project behind. So your money for Uranus are used for mining hardware (e.g. Antminer ) in their cloud and as a compensation they are providing you a hashing power and poor fees instead of an immediate refund.
The real profit from cloud for me is now 0.01 BTC a day and they still owe me about 8 or 9 BTC, so it is not possible to get it back in 1year.
On the other hand they promised a hash power increase in the end to provide me an originally paid BTC amount back completely. So in case they tell truth, the result will be I will have my originally paid amount for Uranus back, but after 2 or more years, without interests, and they used me as a sponsor for their business against my will.
In worse case they will stop mining contract before I reach the originally paid amount and there will surely rise a will to collect people for a lawsuit against them. The fact they are paying out BTC in fees from cloud is preventing people to start a lawsuit now. If that's true, I should imagine the halving will kill any Antminer S5 ROI stone dead. |
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I dont think that hashocean will be the next. In my opinion, CLDMine closed down because it accepts a lot of cryptocurrencies which in my own opinion affects their operation. Unlike Hashocean, they only focuses on one cryptocurrency. And they have 7 data centers.
No, they have a map on their web page that says they have seven data centers. You believe anything these scam operators tell you? |
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