I'd certainly suggest stepping back from things for the time being Mat, you're too emotionally invested in being right and very vulnerable to a "fuck it" fomo entry with weak hands.
I've been trading derivatives for a long time now and I treat Bitcoin as just another underlying instrument. I possess BTC on a separate fundamental/emotional basis, but my in and out trading is purely technical with longs mainly dating from the November break of ~320, which confirmed for me the establishment of a base.
Higher lows since then support the view imo that, although 465-500 is a resistance level, it looks more likely than not to break on this third attempt and overrun on stoploss and fomo buying to 600ish before becoming overbought, from where I'll scale up profit take up to maybe 50% of my long, looking to replace on a confirming retrace to ~500.
If these previous highs do hold, I would only say that it would qualify as a top formation if the March lows of 400 break soon, where I'd probably dump 50% and if the Feb lows ~363 are broken then I'd think about stopping out the rest, still with an average profit and walking away, although I'd still keep some "physical" coin for the sake of it.
 

Stunningly uninformative website. As you say HashOcean clone, apparently using their email database to 'invite' investors.
All over the HYIP boards.
Why even bother to think about giving them money, unless they do something radical like actually provide proof of anything?

Yes, of course when you win you profit at losers expense, but that's the same with poker etc. There is no investment per se, just stake money in a gamble.
Secondary risk is not receiving your winning, but I've used one of the biggest platforms in the world for a long time, no complaints about payment.
Binaries are a complete gamble on their own, but if you trade derivatives short term they can be used advantageously to hedge open positions in volatile markets.
No way would I think about using this particular referred site for various reasons.

I've been buying the dips for a while now, unloaded some twice ~$450 when my fav indicator RSI showed overbought, and replaced with a good profit, most of which I reinvested.
This time I think will go thru the 450/500 band, probably overshoot on some fomo buying and short covering maybe as far as $550/600 where, depending on circs, I'll be looking to sell into any further strength with one eye on daily 10 period RSI >80 to confirm.
I'll stop everything out at $340, still overall profit; if we get back down there something major will be wrong.

1445 posts in 12 weeks, that's nearly 20 a day, all of them shit. Welcome to the Sausage Factory.

Let's have a wild guess....were you in a signature campaign, by any chance? Did it start with a Y?

So you cry like a baby when you get red trust for supporting a scam, get it removed, but still feel the need to be right. 
The fact that they pay out some dust here and there in the early stages of this scam means absolutely nothing.
The only effect that you vouching for them can have is to encourage other people to invest. You want to do that? You have looked at the BF scheme and think it is legit? Or don't you care?
Stick to selling your booze.

Nearly right. Binary options either offer profit or 100% loss. Usually the latter.
Highly dangerous and definitely unrecommended, but not ponzis.

Disappointed in you Sebastian, knee jerk reaction. Read my post above yours.

Binary options are not ponzis, they are high risk legitimate gambles. I do it every day (not on the site in question). I do not recommend them.

The OP link is to a referral site for a options trader based in Cyprus, which may or may not run away sometime.
 
No-one is offering 85% return in 60 seconds as an investment, they are just saying that as a hook to get you to have a binary option gamble.
Binary options can return stunning figures, far more than 85% with leverage. You can also lose your money. Gambling, it's called.

TL;DR
It's a gambling site. This "Durrrr Ponzi" reaction to everything is getting boring.

I have no interest in informing DMCA about anything. The thing is, if some of the website information is palpably untrue, how can a prospective client tell if anything else is true?
I see that the website has been updated and the link to HashOcean removed from Mining FAQs. I take it that the Mining FAQs are now correct, having been reviewed and altered?
If that is the case, then Gain are mining with Radeon R9 280 X video cards. No other hardware is mentioned anywhere on the website, apart from
This is a bit confusing, I'd say.
Which is it?

On the subject of data centres, on the relevant page there is a picture of something that is obviously not a 'data centre' and a blank map.
There was this one


Not very informative, apart from whatever confidence you take from dealing with people using gmail addresses.

On the front page, there is now something called a "Bitcoin Mining Calculator". This is nothing of the sort.
This is a mining calculator.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator
Note it uses electricity cost, difficulty, pool fees etc. all of which Gain makes no attempt to quantify.


You can put it that way if you like.
Nowhere do I say I'm an 'expert'. I just look at what people say and see if there's any corroborative evidence. Always a good idea before sending Bitcoin to them.


Why would I want to send any money to a site that says they ROI in ten months mining Bitcoin with video cards?
You do understand that because a site makes some payments that in no way legitimizes them? You heard of the term "Ponzi Scheme"?

There is a thread that helps identify the characteristics of a Ponzi posing as a "cloud miner".
These are the criteria

1) No public mining address / no user selectable pool.
A cloud mining company that wont let you direct the hashrate to your pool of choosing and cant prove its actually mining bitcoins itself, is very likely a scam. There is no reason to hide mining address or not sign blocks. None.

Gain fail.

2) No endorsement from any asic vendor
Asic vendors will gladly make a simple post to show the company in question is a significant customer of theirs. Its free advertisement for them and it helps their customer grow their business, so there is absolutely no reason they wouldnt. If a (cloud) mining company cant get any asic vendor to post such endorsement, you should assume they dont have any hardware to mine with.

Gain fail.

3) No relevant pictures of their hardware and datacenter
There is no reason not to provide such pictures, except of course, if there is nothing to take pictures off. Mind you: pictures can be faked. Picture dont prove current ownership. So like all criteria listed here, by themselves they are by far insufficient proof.

Gain partial pass, pictures but no location.

4) Open ended IPO / fractional reverse mining risk
Unless the cloud mining is operated by the asic vendor himself, you can not sell an unlimited amount of hashrate. Hardware takes (usually a long) time to order, arrive and deploy. Any company that doesnt limit sales or make public how much hashrate they sold vs what they have (provably) deployed should be considered  suspicious.

Gain fail.

5) Referral programs and social networking
Referral programs, especially ones that pay almost 10%, are a huge red flag. The mining market is cut throat with razor thin margins. No real company can afford to pay 10% referrals on below market cloudmining prices. Referral programs almost always serve only to feed the ponzi and provide financial incentive to posters to lie about the true nature of the company. Never trust anyone with a referral link in their sig.

Gain fail.

6) Anonymous operators
If the operators are hiding behind whoisguard, provide no provable identity and especially when, like in some cloudmining cases, they use demonstrably false ID or company registration information, you have to be nuts to trust them with your money.

Gain fail. Until Amit turns up, anyway.

7) No exit strategy
If you cant sell your position, you cant get your money out. Thats the ideal case for a ponzi and allows it to run for a  long time.

Gain (generous) neutral. Mining FAQs say
8 ) Bonus point for "guaranteed profit"
So far, Ive only seen bitcoinmaker.ch do this. If anyone guarantees you a bitcoin denominated profit, and especially a 30+% one, you can be sure its a ponzi, all the other criteria become unimportant. There is no such thing as certain profit when it comes to mining, no one knows how the network will evolve, or what btc exchange rate will do. If anyone could somehow be certain of making a 30% profit, they wouldnt need your money (and they wouldnt give the profit to you).

Gain Fail.
6/7. This puts Gain in the exalted company of Cloudminr.io, hashie, scrypt.cc and many, many others.
 

I have no conclusions, only observations. If you look, you will see I responded to your advertisement post before he had said anything.


It doesn't work like that. You have more chance of flying to the moon than getting me to put money into such an unconvincing venture. Why on earth would I, or anyone?


Let Amit respond to anything....if someone was badmouthing my business, I wouldn't leave it to a customer to put him straight.
After all

I think
a) you are full of shit and this was pantomime posting as an alt of the admin for credibility
b) there is no b.

Priceless.

So, you reckon this is a legit "investment opportunity", do you? One that you are prepared to get other people involved in?
You believe this
do you?

It's amazing how much effort goes into trying to legitimize this piece of crap.
Planted ed-ads, monitor refs, website, "forum"", sock puppets, alts....and what's it all for?
Even if it wasn't a ponzi?
Twenty dust payments a week worth twenty bucks?

How much is the total investment in this 6 year old global "cloudmining" empire?
A couple of hundred bucks?

WTF....close it down and go do something useful, wash cars or something.  

Thanks.
Yeah, the details are a bit vague but all I have. It's a serious question and I was hoping for a little more quality input, seeing as the core question -how much does it cost to mine a BTC- is a pretty important one.

MMM......where have I heard that before?  
You even stole their logo. You have nothing to do with them. Joke.

We aim to please, anything to help your day go with a smile.
 

Not entirely true, or what I said though. A prospective client of Gainbitcoin would naturally be interested in reading the Mining FAQs page, especially to see how they could exit their investment if so desired. This is covered, under the statement
with a learn more link. This link resolves thus



as can be seen, straight to HashOcean's site. So according to Gainbitcoin's site, designed by the cutting edge software people Nextgen, another Amit Company^TM, should a customer wish to "take their hardware back" then they should send a request to HashOcean?

As a matter of interest, the whole section is lifted directly, word for word, from HashOcean.
Right down to details of both companies claiming to have introduced the same "concept" (that of achieving Ponzi level roi's)



And both companies make their profit in exactly the same way, well, whadda ya know?


Syncronicity.

One difference between the sites is that Gain don't have one of those cool counters like Hashocean, telling everyone they are not alone in being scammed, there are many others

But what you have got is a great looking gel called Medicare who refers you thousands of her clients so that's good






Not much to tell really, but thanks for the interest. I do my due diligence, trying to invest my modest amount of fiat and crypto in interesting and hopefully profitable ventures. Unfortunately, in crypto all I seem to find are half assed scams. It seems only fair to share.



Not much of a case to rest there Mr. Mehrotra, or may I call you Kshitij?
Great quote though. I really should revert to watching cartoons, they can be nearly as funny as cloudminers.


That was my original question really, is multi named Amit available for comment on the connection between Gainbitcoin, HashOcean


and Highkart miner?

Why are you shilling? There's nothing to stop them disappearing overnight/"being hacked".
What are you going to do if they do? Go knock on the door of their non existent office in San Francisco?

101 is here but people know best, don't they, especially when they have the FOMO. And greed of course.

*smh*

Ok, I give up. So what shall we do with these witches, drown them or burn them?

Having skimmed your posting history, one would live in hope that you aren't getting paid because you are a one line shitposter but, unfortunately, I doubt it.