He is a paid shill


When you praise something and add to its credibility in exchange for payment, you must expect a negative reaction if it scams.

https://bitcointalk.org/index.php?action=profile;u=782897

200 one/two liners in two weeks. Multilingual too.

The idea of a scam possibly being a reason for bitcoin's popularity (and price) makes people uncomfortable.

Let's try this...most functions of MMMGlobal are accessed thru mmmoffice.com, it's the log in page.

In February 2016 it had 8,500,000 visits and is in the top 5000 visited sites in the world, according to SimilarWeb




Or, to put it another way, nearly twice the number of visits of our beloved centre of the BitUniverse (and mmmoffice.com has no signature campaign spammers)...  

Sure, because of the nature of Bitcoin most attempts to quantify or analyse usage is based on limited data.
There is little doubt, if you do a bit of research and accept certain things at face value, that MMMGobal has a large user base.
Also, MMM isn't your average two bit scam, it has a track record in fiat of massive numbers, is run by experienced admin and has had a new lease of life courtesy of bitcoin.
You are guessing, just like we are, what the "runaway" number is.
To just say "it's a scam" and ignore it as a driver behind Bitcoin use and its price is a bit short sighted imo.

BTW, is 'bitcoin' reading upside down for you too? Must be April.... 

Whatever is happening with these elusive chips, it doesn't appear to be having much of a positive effect on Bitfury's mining. I see they are down to around 5% of total hashrate today.
Even if you include the MLM BitClub Network who claim
it's still only barely 10% in total.
Chinese pools now account for more than 80% of the total, nothing to worry about.........

OXBTC..com manages a maximum 8/8, just like their predecessors Zeus and Halley.

https://bitcointalk.org/index.php?action=profile;u=110724

100 posts of shit in a week since he bought it.

This sort of crap has been around for years, has nothing to do with Bitcoin, just that using it makes the scammers job a bit easier.


Do you actually believe that?

A newbie vouching for a 'cloud mining' site......
 
Screenshots, or you're a shill.
I see your future, I see red.....

I reckon you score 8/8 on this test, just like Halley and Zeus did. Well done! 

Criteria to help you spot a cloud mining scam/ponzi.

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.

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.

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.

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.

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.

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.

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.

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).

I think it is highly irresponsible of the Danes to use as much electricity as Bitcoin.
I am sending an e mail to the United Nations right now.

Good place to send your ID to.  

What bet do you think you'd win now, punin, the 1st of what month?

HAHAHAHA

*write*
 

Bitcoremining dot com. 7/7.

1000% Bullshit.

GTFO.

You did set a record though, first time I've seen scammers spell "mining" in three different ways.

I understand that the Chinese miners have bills to pay, just like the rest of us.
I am just querying the widespread assumption that as soon as they discover a block they immediately fiat it thru necessity. Bitcoin mining in China seems to be pretty much independent of the West, so why do we assume their costs are equivalent and price them in $?
Chips from Hong Kong, local labor prices for assembly, hydro power with very low real estate costs adjacent, no currency conversion, little shipping cost.
All adds up to very low overhead to pay.

Streng from Genesis Mining said that mining one Bitcoin in Iceland cost them $60 in electricity and $128 in other fixed costs.
Iceland, despite its cheap power, is one of the most expensive places in Europe. How about if the Chinese pay domestically half that for power and 20% of staffing and other costs?
If their total costs are $60 a coin and they can control the market price because of their size, why should they dump as they mine?
That's very short term thinking and not a particularly Chinese attitude or a very sensible one.
If, in the real world, you had an highly productive, very low cost gold mine would you sell everything you dug up straight away? I don't think so.
All this is pure speculation of course, it's just that basing any theory about price on an unproven assumption about the Chinese is dangerous and misleading.

A ponzi is a scam.
The operator knows that the core business (if there is one) cannot make enough to keep the ROI promises made to attract funds, so he uses new investors money to pay older ones, telling them that it is operating profit. Depending on the structure, this can last for a long time (see Madoff) and involve huge amounts. People will lose money because they have been lied to. The lie makes the ponzi makes the scam.

These "last one in loses" games played here are not scams in the same way, if the admin make it clear that is the basis of playing, but they can never be regarded as 'legit' because it cannot be proved that the admin isn't also playing nor is there is an equivalent to "provably fair" like dice sites.

Any venture in Bitcoin where you send money in the hope of getting it all/more back is vulnerable to scam should the admin run off as soon as his target has been reached, it doesn't have to have a ponzi structure.

Tl,dr: All ponzis are scams, but not all scams are ponzis.

---

With regard to your "Honest Bitcoin" site which has attracted negative trust, there is no way that you can prove the early deposits in each round are not your own, especially as you are in charge of the reset time. "Approximately 10pm EST" is bullshit and worth the negative trust on its own, as is


Not true, try:
 

I see this said a lot. Is there any basis for it?
What USD bills do large Chinese miners have to pay?