....It's not uncommon for cloud mining companies to subcontract hashrates...
Interesting statement, got a couple of examples? |
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It will be a thing of the past, when we get the new Forum............
New forum yet to come after ~3 'extensions' of the deadline. Was that sarcastic irony in that post? Put it this way, TIL you can't put an indefinite number of ...... at the end of a post.  |
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It will be a thing of the past, when we get the new Forum............
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I really wish that the OP or some moderators would go ahead and lock this thread. Anyone who still doesn't know if "martingale really works" after 95 pages of discussion is just not going to learn anything because a few more paid posters add their 2 satoshis. This thread gets brought back from the dead twice a year and nothing new is ever actually added.
+1 Funnily enough, I saw this thread with its huge contribution in unread topics just now and thought "WTF? Of course it doesn't", came to have a look and hopefully find some major insight and of course, there is none. A perfect thread to farm on/pick up sig money (see above poster's history for an example). Burn it. |
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Yep! same here, i directly stepped in when the start offering Ethereum contracts and it pays well.
Also the Dash advice GM give me i followed, resulting in profits.
I think you should ask yourself the same question regarding ethereum mining: just how much of my profit is ROI on mining itself and how much of my profit is due to the ETH price bubble? Conflating the two (like BitClub Network does in BTC ) in order to make a false claim about the profitability of a loan to a large company (which is what you are doing) is very misleading. It seems some people have real hate in there harts, i feel sorry for them.
"Hate in their hearts"... It seems increasingly popular to make ad hominem comments about people who are skeptical about Bitcoin 'investment' schemes. I've been fruitlessly looking at potential ventures to invest my coin in for a couple of years and have been appalled by what I have seen, so I criticize and get called all sorts of names by people who appear to be suffering from some sort of Stockholm Syndrome. Although no-one has anyone but themselves to blame for what they do with their coin, it is a fact that very few crypto investments are successful. Risk is one thing, being lied to is another. Genesis pitch mining with them as a jointly profitable venture, whereas in reality it is very much one way relationship where they get a loan repayable on terms they can vary to their advantage, but the investor gets crumbs/dust and painted as a hater if they complain. |
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That's why everyone knows you're a stinky vagrant 24 hours here, always looking for fights and things from people and time wasting nonsense, i don't know if you have family, wife, children (I'm sorry for you family ..) or are simply bored kid or an invalid dependent on a computer.
My recommendation is that you look for another more productive life, I don't think you get anything positive from this.. Look in the mirror. You are embarrassing.
Recommendations from a loser with the name calling mentality of a spoiled 5 year old, Bitcointalk certainly has something for everyone. |
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I purchased with my Credit Card, 40 MH/s of ETH in December 2015 and already I have been paid almost 104 ETH coins.
My contract cost me 719 USD and already that ETH is worth at current prices, over 1000 USD, so Genesis Mining and their ETH contracts have been good to me.
Completely false logic. If Ethereum had stayed at ~90 cents, the price prevailing when you bought your mining contract, then you'd have $90 towards your roi, estimated in about two years. As Phildo says, Genesis have not "been good to you", the bubble in Ethereum has. |
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Has anyone assessed HashOcean on this scale yet? I don't see it on the list...
Ok, let's hash Hashocean, according to Puppet's original system: 1) No public mining address / no user selectable pool. 2) No endorsement from any asic vendor 3) No relevant pictures of their hardware and datacenter 4) Open ended IPO / fractional reserve mining risk 5) Referral program 6) Anonymous operators 7) No exit strategy Refund offered 96 hours after requested, no reports of anyone successfully doing this. Video card offered for 700 KH/s of purchases after six months. I read of failed attempt somewhere on BCT, can't find the ref atm
8 ) Bonus point for "guaranteed profit" 6/7, plus advertised ROI = 7/8 Full House probable Ponzi.Indiana, would you be so good as to add this HashOcean to the steaming pile of crap pls.
And while I'm at it, let's do the one in my sig, BitClub Network1) No public mining address / no user selectable pool. They pass this one partially, with BitClub Pool , but you have no choice.2) No endorsement from any asic vendor punin from Bitfury acknowledges their existence as customers prone to exaggeration3) No relevant pictures of their hardware and datacenter Plenty of pics and videos showing their logo.4) Open ended IPO / fractional reserve mining risk Deffo fail on this one, by their own claims of Club 'membership' and my calculations (unrefuted) of their liabilities.
5) Referral program HUUUUGE fail loma
6) Anonymous operators Lots of mouthy promoters, but no principals or premises to arrest, sue or raid (the U.S. based shills will be liable to prosecution).
7) No exit strategy Buy "your" machine and have it shipped to you = No effective exit strategy for 99% of their 'investors'.8 ) Bonus point for "guaranteed profit" They scrupulously avoid stating a definite ROI, using plausible reasons for self serving ends.5/7. Plus a discretionary 1 for the rapist.Edits for grammar |
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Also would it be better to actually do bitcoin farming or do the whole cloud thing?
Or maybe neither, both are not without pitfalls. Why not just buy some coin and get a feel for Bitcoinland first, nothing is quite what it appears... |
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The majority view seems to be vaporware. As this thread duplicates that one, you may want to delete it. |
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Looks like a good short to me. |
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Be a little bit careful guys, a lot of these have variations on mining-hash-bit-miner-cloud in their names, try not to get them mixed up. The "bitcoincloudminer" redirect has nothing to do, as far as I'm aware, with the sig campaign referred to above, or with the Australian Cloudminer.com which runs it. Cloudminer.com, just to add to potential confusion, aren't offering traditional cloudmining contracts with an upfront payments/roi structure. They appear to be selling third party hash thru an internal market and, although they should be approached with care, don't immediately ring scam alarms for me. |
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Which of those is you, and exactly what is the payment for? |
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That sux ^^^  How about The financial Bitcoin world is a mountain top with no current fresh air to breathe. Derp. |
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OP just lock this thread quick else the painters will come with the tarp and get busy. Or put up a shitload of collateral.
I said the collateral can be the 15K website thats the most I can give out You don't understand how it works. 'Collateral' is an asset signed over to the lender until the loan is repaid. If you borrow the full purchase price, you have no "skin in the game", nothing to lose. All risk is his. If a v/c lender believed that this website could roi in five months with little effort, why would he need you in the way? As has been said, you're not going to get any money here, just red ink. |
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Where did you dig up that info, cause it dosent say on their homepage. And in mining status it dosent show confirmed rewards as well so how on earth are you abel to see you get the right payout.
I'm given to understand that payments are made manually and can be irregular, but do get made. |
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A guy I keep tripping over, whenever I see likely pyramid/MLM scams coming up, is J Ryan Conley. He was BIG into Onecoin for a long time, now pumping the MLM in my sig. He has seen the writing on the wall.....  |
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when a scam is so obvious.. why dont people leave neg trust to the newbie perpetrator?
or is it not even worth the time?
I think the newbie OP was just being naive, not shilling, from what his brief posting history indicates. V cheap electricity in Egypt...... |
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I would point out a site like hashocean.com.
They appear to be legit but could still be a ponzi, though their payouts continuously change.
That was the topic of the last five posts. Pls explain how they "appear to be legit". What you are fogetting is the phrase in most jurisdictions "innocent until proven guilty" I belive that they are legitimate as they offer a way of mining at a price that does actually change. And that's it, is it? Hashocean qualifies as "appears to be legit" because their prices change? No comment on the unprofitability of mining with graphics cards, the absurd number of supposed investors, the deliberate lie about offices? "Innocent until proven guilty". What does that actually mean? Does it mean "give any old anon with a website the benefit of doubt and your money", by default? This isn't a jurisdiction. This isn't a court of law. This is Bitcoinland and people's money. But then, as a self described "manipulator of ponzis and markets" you will obviously be aware of this. |
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