All that needed to be said in this thread was said in the first reply by Dogie. Can you guys stop bumping these scam threads up to the top of the forums and giving them attention!? Do you really think what you have to say on this dead horse subject really needs to be heard???  Agreed, although I'd also point out that the registered Yes owner, Volker Studier was, for reasons unclear back in May, pretending to be surprised on Twitter that his Yes "miners" were for sale on German E Bay. http://www.ebay.de/itm/YESMINER-BITCOIN-MINER-10000-GH-s-10-TH-s-16nm-3D-FinFET-Gutschein-Stand-Alone-/161930303214And still are, or appear to be, until you read the small print at the end of the blurb, where you find out you're not buying a miner at all, but For legal reasons, in this auction you offer for a voucher (discount code) for our internet store worth a total of 2630 Euro.
The voucher is valid indefinitely and can be fully redeemed any time in our webstore for example to the following product.
Of course, the voucher can be used alternatively on higher quality products, it is not limited to the following example. I would guess that is so the EBay dispute process couldn't be of use to a buyer when the vaporware obviously never turns up, because what you bought (the coupon) was delivered.
Nicely us begin the new year.
Moron who registered 31.12 / 2015 writes about the Scam company.
So the whole year will grow a new thread with YESMINER.
I vote for it to be a dirty word YESMINER was blocked by the forum.
I hear what you're saying, but live in hope that people thinking about spending money on this vaporware might actually use "search" here before they do and be swayed against doing so by reading threads like this. |
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Happy New Year to you all!
(apart from the scammers, thieves and liars who infest Bitcoinland. Yeah, BitClub Network, I'm talking about you) Just staggering past the computer in search of more champagne, I saw this: BITCLUB NEWS
WOW What An Incredible Year... Recap!
Date: December 31st
2015 was a big year for BitClub Network!
We established ourselves as one of the top mining pools in the world and have laid a solid foundation that will continue to be profitable for years to come. Our main pool which was launched in July of this year has already mined 200 Blocks so far and we earned an additional 2,800 Bitcoin by contributing power to other pools during the year.
In total that's around 7,800 Bitcoin valued at over $3,354,000 USD which was all paid out to BitClub Network Members.
We never expected to mine this much Bitcoin in 2015 but what's even more exciting is our pool is just getting started. We are currently sitting at 7 PH with another 4 PH being plugged in over the next week and we believe 2016 is going to be a huge breakout year for us.
We also continue to reduce our costs and become more efficient as we grow and since we are constantly purchasing the newest hardware and rolling over the older hardware we are projecting much larger margins this year (even with the rising difficulty and growing hash power of the network).
At the rate our membership is growing we should see around 3-4 new PH being plugged in per month and this could end up being more as we start to gain traction in markets like China, India and Korea. In fact, we will most likely be closing our pool to the public sometime in the next few months because we don't need anyone to help supplement our power anymore.
Right now as it stands BitClub Members are 98-99% of the pool anyway so it doesn't make sense to keep it open and share the mining profits with anyone else, even if it's only 1-2%.
Mining Shares Moving from 1,000 days down to 600 days
One thing we are keeping a close on eye on is the rising difficulty rate and the overall hashing power of the Bitcoin network. We don't think anyone predicted the difficulty would jump as high as it did this year starting around 40 Billion in January and shooting up over 103 Billion as of today.
This has put a lot of miners out of business this year and is quickly becoming a problem for anyone on the fence with less than 1% of the network power. Even more surprising over the last 3 months alone the difficulty rate has jumped nearly 50% and it looks to continue higher as large corporations and financial institutions are now jumping into the mix and spending millions to mine!
Because of this trend we are going to be adjusting the amount of days that each share will earn starting January 15th!
Originally we were going to do this tomorrow on the 1st of the year but we are going to wait for the new compensation plan enhancements to go live before making this adjustment. This gives you about two weeks before the shares drop from 1,000 to 600 days.
IMPORTANT!! We want to make it very clear that each share purchased prior to January 15th and ALL PARTIAL shares that are earned from these shares will ALWAYS earn for 1,000 days.
This means all members who own shares right now will not be affected at all by this. All of your partial share repurchases will be good for 1,000 days (forever) as you are grand fathered into the 1,000 days and no change will be made on your mining contract.
In other words, this has no effect on you or your earning potential it only applies to new shares that are purchased after January 15th and all partial shares that come from these shares will be good for 600 days.
Why are we doing this?
Based on our numbers and the growth of the industry we feel it's necessary to make this change now so that in a few years from now the mining shares will still be valuable and not become too diluted.
This 600 day time frame is also more in line with the turnover of our mining equipment. If you were to buy the latest mining equipment today you would have about 1 year or possibly 18 months to earn profit from it. With our model we can extend this by liquidating older machines and rolling into newer models but we think 600 days is about the max before its just too diluted for future shares.
Originally when we set the shares at 1,000 days it was based on the profitability of the equipment at the time (September 2014). Now this is a lot more accurate with today's market and we believe it will benefit everyone in the long run. Also, just to let you know this number could be adjusted again during the year or next year based on what we see happening in the market.
We will always give you plenty of time before making a change like this and again it will NOT affect any current mining shares purchased only the future shares purchased after a change is made!
Thanks for making 2015 an incredible year and we hope you are excited for 2016!
Sincerely,
-BCN Support Team
LOLOLOLOLOLOLOL Whoever wrote that salad of bullshit, nonsense and outright lies was obviously more drunk than I am at the moment. Or maybe working on the principle that bullshit baffles brains: if they were mining that instead of Bitcoin, BCN would indeed be a world leader. I'll be back after some party recovery time to rip this exit strategy preparation to fucking shreds.  |
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I don't see where the scam is, apart from taking referral commission from iffy "cloudmining" sites and a crappy casino.
I like the way Genesis is included for respectability (the only one that actually mines), even though they don't pay referrals lol.
So yeah, a cheap referral site....so what, what am I missing?
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Try not to throw up at the Praise be to the Lord references.
Yes it is quite a common feature of these "We're all gonna get rich!!1!1!!!!1!!" scam ops, but then not particularly surprising because it filters out the critical thinkers and encourages the credulous to believe that not only does this 'Business' want them to be rich, an omnipotent, omniscient, omnipresent 'Creator of the Universe' deity clearly does, too, as long as you throw out a few hallelujahs in his direction. Josh Garza and most of the GAW/Hashlet/Paycoin collaborators loved themselves lots of gawd, as well. Example #126 in the series " God told me to do it", or how to become rich by Celestial Intervention  |
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These fools at BitClub claim to own & store (and guard/insure) gold in vaults around the world.
I'm not so sure about that, I've researched them fairly thoroughly and don't recall gold being part of the sales pitch. Are you thinking maybe about that appalling Bulgarian OneCoin MLM thing and its Aurum nonsense, run by Miss Piggy here?  |
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is this profitable investing in this cloud mining company ..??
It is profitable if they don't scam you like many others did. It's a very short roi for cloud mining. You might want to give it a try. If you take the free 15kh/s and then buy 20kh/s your roi is about three months. Then you can invest more if you are satisified. Great to heard it ..is there any proof of they make payment to there user ?? ..because i can't find it Why bother? Most ponzis give payment proof, it means nothing. You might want to give it a try Says the man carrying their advertising. |
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Just a little socmed update from our MLM pumpers on the dreaded Facebook. Great celebrations for BitClub pool mining their 200th block, but as usual, not quite the whole story. (There's that "crowd funded" buzz phrase again )  Although I am far from a mining pool expert, I understand there is a direct relationship between hashrate/participant's share/payout on PPLNS pools like BCN's. Since they started in July with 0% fees, they have attracted a number of 3rd party users and, including their own contribution, their total pool hashrate has climbed to over 6 PH/s. Even with many third party miners, this is a million miles from their stated goal of becoming a 5% or even 10% pool. at <1% currently. Also the share of that (and payment for blocks discovered) to pay BitClub Network members has stayed pretty stationary in absolute terms and declined as a percentage of the total. Some more "fag packet" numbers. Feel free to criticize/correct From 07/18 to date, of those 200 blocks, 118, i.e. 59% (declining) were attributed to BCN's own mining. The BTC average price in that period is $290. 118 x 25 x 290 = $855,500 Gross. 855,500 / 165 days = $5,184 per day total gross income.As I previously estimated in an above post, from their own propaganda, BitClub Network has so far received in the region of $9,000,000 (and rising) upfront from wannabe miners, expecting to ROI in 1000 days. 9,000,000 / 1000 = $9,000 per day total liability to clients.Of course, this takes no account of the actual cost of running/leasing the mining operation itself, or the parasite referral factor, the amazingly complex and expensive MLM structure which is the real reason for BitClub Network's existence. The final word on which I will leave to the man with many, J.R. himself. In two successive FB daily posts (note "mining income" itself, from his $3500 expenditure which was necessary to gain him access to the MLM structure, is static), just this one of many hundreds of shills/pumpers for this crap, in 48 hours made nearly $1,400 in referral commission   Try not to throw up at the Praise be to the Lord references. |
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Thankyou all for your advice, I can't believe how nice the community is and that you all mostly agree that its a good investment.
Im going to keep an eye on the price and maybe sometime in 2016 before the halving if the price happens to go down then i will consider buying more.
Thanks once again
LOL now you've really got the bug already! It's not so much about the money for me, although that's potentially very nice, but look at it as a 300 quid adventure.
The Op has asked for input and made his decision. This thread is now redundant. All posts from now on, especially carrying paid signatures, should be treated as post count spam. |
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Thanks for all the advice guys.
I have savings and 450 bucks isn't too much to forget about I'm prepared to take the risk.
I'm thinking it might be a good investment in say 5 - 10 years ?
Fuck it, do it  If it goes to $1m then you'll be a guru and if it goes to shit you can look back and laugh. Thankyou all for the advice, Just purchased it and do not plan to sell for years to come.  Good one To put it in perspective, I just spent about that on buying Christmas presents that people didn't really need or want. |
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Thanks for all the advice guys.
I have savings and 450 bucks isn't too much to forget about I'm prepared to take the risk.
I'm thinking it might be a good investment in say 5 - 10 years ?
Fuck it, do it If it goes to $1m then you'll be a guru and if it goes to shit you can look back and laugh. |
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I am back home. I was able to access my personal wallet which contains addresses I've used for transacting here on Bitcointalk. The address I used below is one where I sold a 2500k processor to "ChanceCoats123" here on Bitcointalk. The transaction is escrowed by OgNasty. He may verify this if he wishes to. This took place in June 2015. Clearsign signature below: -----BEGIN BITCOIN SIGNED MESSAGE-----
Comment: Signed by Bitcoin Armory v0.93.2
This is master-P signing this message using the address: 18ovXpWyu5kpmT6Lzp49PKDCtZNQoPhmGQ
This is an address used back in June 2015 for a transaction that involved OGNasty as the escrow.
I did not sell my account. My account was hacked and any other claims stating otherwise are false.
The hacker does not have control of the wallet that contains this address as far as I can tell.
-----BEGIN BITCOIN SIGNATURE-----
HA6B5WVR9KtB8r7vda22BX0hm3H3vMlu8xmVKMd3N7P4rmJN60ker8b1B7mRJkhI
uTBIewBmlGKUqe2q65jtiBc=
=7z+2
-----END BITCOIN SIGNATURE----- Looks cautiously promising, best of luck to all involved. Doesn't change the fact that this forum's ad hoc escrow service is not fit for purpose. If you rely solely on 'big names' to be good actors, it's still a form of centralization. What's wrong with 2 of 3 multisig again? Or, you know, actually know your trading partners well enough to know when something is not right...
Unbelievable how quickly people forget that Bitcoin was designed to enable PERSON TO PERSON transactions. Then everyone demands it be like every other system with mommy and daddy telling you things will be ok, dictating to everyone what they can and can't do. Then we are back where we started. Take some personal responsibility.
This incident with Master-P never would have happened if you had not demanded someone else take responsibility for your personal liabilities. When you do this you are basically saying that you have no faith in your own ability to make sound judgements and do research, and or you are too lazy. Then you wag your finger at everyone else when things don't work out. You people need to look in the mirror.
So you trade only with persons you know IRL since at least 2 years? Person to person transactions, as you say, doesn't change the fact that you can be scammed, in any way. If I want to buy something, I have no guarantee whatsoever that it will be sent unless I know really well the seller and trust him. But to trust him, I need to have made at least a few deals with him. Trust is built, built on what? On successfull exchanges. And I don't see the link between "your own ability to make sound judgements" and business trust. You're saying we should make researches on everyone we trade with? Fair enough, and how do you do when it's a first trade for someone? Imagine someone wanting to sell a 700$ worth miner, but he's not a legendary trusted member and never made a trade here, he's still a newbie. So how do you do your "own judgement" TECSHARE here? Or you tell him "nah bro, can't deal with you, wait for 2 or 3 years and when I'll know you better then maybe. Not saying escrow is perfect, but you can't say it's just because "people are too lazy to do there own research". +1 this ^^^. TECSHARE's point seems to imply that taking any form of insurance to mitigate risk means you become a nanny state zombie. In practice, just how do you do 'research' and make sound judgements when dealing in irreversible currency with an internet anon? Also, the list of people scammed by supposed 'trusted friends' is never ending. |
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This link is full of malware and you, OP Rago, are a scamming piece of shit. GTFO. |
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No payout for this week... Their Twitter update: Due to increased cost of support & maintenance, most of the miners have run into loss for last week. Hence payment has been halted today. Yeah, that vaporware can get pretty expensive after a hard year vapormining. Also flights to Rio are v cheap at this time of year. |
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I've been watching this car crash develop with morbid interest (and popcorn). I know Caveat Emptor and blahblah is the watchword of this forum, but it would be nice if Theymos and his inner circle would realize the threat to the basic credibility of the system by which BCT trading operates and swing into action in any way that they can, and share with us all some basic facts about the various master-p accounts from their analysis and data. Like it or not, the ad hoc escrow system here is broken, despite the protestations of OgNasty and others who, although well intentioned, are defending the indefensible. There is no way, with account and key sales common and 'acceptable', that a long con escrow scam can ever be discounted. What to replace it with? Something along these lines deserves further thought Is there any kind of service offering automated 2-of-3 multisig? That seems like the obvious way forward here. The company wanting to pay for forum signatures creates a campaign on the site, the forum users each sign up for that campaign. Everyone provides an address. The site makes a 2-of-3 address for each campaign participant, holds funds in escrow, but can't steal them.
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i see that site is good and profitable in long term.
Explain that logic to me, please. What is your definition of "long term"? |
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The original one MMM is very successful employing this kind of system there are a few flaws in the system
Yes, I guess there's bound to be "a few flaws" running huge pyramid schemes which inevitably collapse and ruin the lives of hundreds of gullible people. First time I have ever heard non adherence to basic mathematical principles described as a "flaw". |
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stuff
You are totally overthinking this. Ignore the "provide help" and "get help" phraseology stolen from Mavrodi, and the idea that it's a loan and borrow operation. The attraction is that you send money, say 1 btc, and after the cycle completes (if it ever does), in ~30 days, then you qualify to withdraw the initial payment amount + 1% per day (~30%) minus the token cost i.e. you make a profit of 0.299 btc. It's a pure 'decentralized' pyramid, with the admin's profit coming from the fees and the ability to allocate 'help' to accounts controlled by themselves. "Gifting" scams seem to be increasing in popularity again, with the 'people's bank' angle being pushed to capitalize on the anti fiat establishment sentiment prevalent in bitcoin. They have mutated a bit in the last 20 years, but they are still what they always were: scams. |
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This absurd piece of shit "investment" scheme has nothing to do with Bitcoin.
It's being promoted by a bought account and a newbie.
Burn it with fire.
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The site is working fine for me since half a year ago i found it. There's another thread over here, if you are interested: https://bitcointalk.org/index.php?topic=979634.0There i've posted some tx id's of my payments. I currently have 75khs there and i'm heading towards my last withdrawal to roi on january 9th. All that other thread is about is people repeating the same crap about that dust giveaway. Also, it's interesting to see you go from skeptic to active referral promoter just because they sent you a couple of bucks. I know very little about video card mining script, nor do I want to. I do know a little about establishing legitimacy of companies/business opportunities though.... HashOcean.com domain was registered less than a year ago, but their "news" items stretch back to 2012. How is that? They say in their news 26th Jan 2015 The most frequent problem was extremely long domain name. Users were complaining that it was difficult to not only memorize this name but also write it. For this reason we moved our site and now we have shorter and simpler domain name: hashocean.com. Anyone here know what the previous domain was called? Anyone here used previous version of the site? No, I didn't think so.... Their stats are mind boggling, the premise being that they have millions of videocards installed at their globally spread 'data centers' and huge numbers of dust customers. Does anyone have any proof of any of this, apart from their word? It's all very well taking someone's word for something, but when you find out that they deliberately lie about other stuff, it doesn't do your confidence in what they say much good. It's the little things....one of my infallible (so far) sniff tests for scams is customer testimonials. If they are fake, then so is the company. I mean, why fake a customer when you have over quarter of a million real ones, right? "Satisfied customer" from HashOcean site  "Satisfied customer's" clone runs something called if(we)  TBH, it stinks like Hashprofit did. |
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BitKingdom.org is a trusted global community centre
Trusted by whom? Whenever you need financial help millions of BitKingdom community members will offer you the help you need, with no requirement for you to pay it back.
The website was set up (under WiG naturally) in August 2015, barely four months ago. You get less than 1,000 visits a day and the majority of them come from Vietnam and Malaysia. millions of BitKingdom community members  BitKingdom has nothing to do with helping the community, only helping itself at the community's expense, by dangling an absurd carrot of 1% per day for doing nothing. Apart from sending your money to a random BTC address and then waiting for a 'cycle' to complete. The only cash/profit generation of this scheme is the charge of 0.01 BTC that you have to pay for the privilege of giving your money away. A pale imitation of Mavrodi's ongoing MMM shit, BitKingdom will probably scam a large number of naive/greedy/stupid people who will then complain very loudly. |
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