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if they carry on paying out, surely its not a scam?
And what will you say when they stop paying out? Here's proof they cannot continue paying out. The costs I personally cannot help to clear up, I know we are taking a small loss and are very hopeful of increases to the value of bitcoin rising soon, but things are steady and only improving so we are in this for the long run without unforeseen problems .
Let's analyse this "small loss" using the best numbers possible. Expense: Cost of 15x SP20s = $5,495 15x PSUs = $1500 Cost of power ($.26/kwh * 24 * 365 * 15 * 1.2 kw) = $40,997 Total Expense: $47,992Income: 25.5 TH/s mining ($60.5 * 365) = $22,083 25.5 TH/s contracts sold (25.5 * 1000 * .00087 * 205) = $4,548 Total Income = $26,631$48k vs $27k. They are running a massive loss, nearly double what the income is, not even counting the promotions, the free hashpower giveaways, website development, etc.
Your Numbers are Incorrect.
You know we do make a lot of our BTC from mining and exchanging scrypt coins? 35,300 MH/s infact Not Just SHA-256.
Get your facts right before posting, Dont speculate.
All this tread is about is useless unfounded speculation with no substancial reasoning.
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Is there a way to see how much ref's you got in the website?
I have just been informed that this feature has been added.
You can find it next to your affiliate link on your account page.
You will then see who has signed up and bought hash using your affiliate link. |
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The payments were made form 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 as shown in the payout history on their [website]( http://www.minethatcloud.com/index.php?option=com_content&view=article&id=18) 0.0087 BTC was sent from 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC to 1JgxteZWCuZLu4FnPUWv3Jxgj89QkFXLvX which sent 0.0087 BTC to 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 which sent 0.0001402 BTC to 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC. In other words, payouts are funded from new customers buying contracts.
Incorrect, We have our mining address with funds in.
So unless you know that, Your argument is flawed. We are not a ponzi and will prove that to our customer base.
We dont have to prove that to random people who wont stop harrasing us. Please leave us alone
I expect more from a hero member.
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Payment received Thank you  No Problem |
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Is this payment made out of the free hash power people have got or there are paid hash power as well ? That is both free and paid hash power. |
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Is there a way to see how much ref's you got in the website?
Unfortnately we have not at the moment but this wouldnt be a problem for us to add. Should be working in the next couple of hours. |
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Payments will be at 13:00 GMT Every Day.
No payment today?? Payments are being made, Apologies for any delays but it should not be to long Just had a lot on today and a few little setbacks |
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Congratulations, MineThatCloud! You're now on Puppet's cloud mining list: minethatcloud.com 1+2+3+4+5+6+7 => 7/7 = Ponzi That's a direct result of you refusing to provide any evidence of legitimacy. We have provided evidence and supported the evidence. I do not understand how people have the right to announce we are a ponzi scam with no evidence or backup.. We have many many people now that have signed up and purchased from us and no problems at all and have posted good reviews and comments about us. We have also provided most of our users that have asked with any information we can (Me being customer services, logically i can not provide all the details without permission). I understand caution and readyness when it comes to these businesses and companies, we are all cautious on both sides of the fence. i do not understand however why individuals have to announce and degrade us as a scam when we and many others know we are not. Yes i know now you will say its because we have not provided proof of certain things, But this is simply explained in that we have provided much information to people that have asked, We are answering as many questions and doing as much as we can, yet because we have not answered you specifically you say we are a scam. Once again i must add that you can message us on our site where it is more likely that you will be replied to, as that is where we work, this site was simply to get the word out and announce are latest news. Thankyou to our users who have joined and are sticking with use and i sincerely apologise for any doubt being caused by unfounded and oft times malicious claims on here. I really look forward to a couple of years from now when the prices of bitcoins are good and our users/members can come back on here and laugh at the doubters Too many people have been ripped off by cloud mining ponzis in the last month. Basically, you are promoting the exact same model as those proven ponzis. Also, you're electricity costs are insanely high and would quite obviously make your service unprofitable. than Are you really surprised that people are being sceptical and asking for proof of mining. You've only provided proof of payouts which does nothing to prove your legitimacy. You claim that providing such proof of mining would be a security vulnerability but that's nonsense. When I see a bird that walks like a duck and swims like a duck and quacks like a duck, I call that bird a duck. Totally understand what you mean, I have seen this happening and lost money myself on things I thought were great ideas. And as i said I am all for caution I am insanely cautious about what I do and what i get involved with. I really value your feedback, I love constructive criticism and advice, whether in live or business, It helps us to push and strive for perfection. My problem is when people shout ponzi/scam straightaway without talking and seeing more of what is happening, when people post worries and ideas we will try our hardest to rectify and set things straight, Another problem as I mentioned before is getting around to answering every individual , We try our hardest to but as i said sometimes things are above me and as the others are working alot it takes time for me to get to them and get answers or get them on here, thats why I say ask on our site first. I do see things we need to fully get out here though to further settle minds and help to establish trust and this is all being worked on. The costs I personally cannot help to clear up, I know we are taking a small loss and are very hopeful of increases to the value of bitcoin rising soon, but things are steady and only improving so we are in this for the long run without unforeseen problems . I do love that quote by the way |
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Congratulations, MineThatCloud! You're now on Puppet's cloud mining list: minethatcloud.com 1+2+3+4+5+6+7 => 7/7 = Ponzi That's a direct result of you refusing to provide any evidence of legitimacy. We have provided evidence and supported the evidence. I do not understand how people have the right to announce we are a ponzi scam with no evidence or backup.. We have many many people now that have signed up and purchased from us and no problems at all and have posted good reviews and comments about us. We have also provided most of our users that have asked with any information we can (Me being customer services, logically i can not provide all the details without permission). I understand caution and readyness when it comes to these businesses and companies, we are all cautious on both sides of the fence. i do not understand however why individuals have to announce and degrade us as a scam when we and many others know we are not. Yes i know now you will say its because we have not provided proof of certain things, But this is simply explained in that we have provided much information to people that have asked, We are answering as many questions and doing as much as we can, yet because we have not answered you specifically you say we are a scam. Once again i must add that you can message us on our site where it is more likely that you will be replied to, as that is where we work, this site was simply to get the word out and announce are latest news. Thankyou to our users who have joined and are sticking with use and i sincerely apologise for any doubt being caused by unfounded and oft times malicious claims on here. I really look forward to a couple of years from now when the prices of bitcoins are good and our users/members can come back on here and laugh at the doubters |
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The address not showing during payment should now have been fixed, If anyone is still having this issue please let us know.
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300 GHs "you did" why thank you very much indeed. I had a a miner on another website, they deleted my one. Not mentioning any names  but people here know quite well who they are. Hence why you may have been getting a bit of negative feedback. All is well with me, happy now, and the recipient of all my satoshis is young boy(not me) whom I am helping. For good reasons too. Thanks again. That sounds very charitable of you. Happy we can be of service. |
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Just got link to send payment, Payment sent...  id=48319 62 Days left GH has been added to your account. Thank you for using MineThatCloud Thanks which sig do I use? thanks for help. You can use one of the ones provided in the first post. We will give 300 GH/s for any "linked" signature. You can always create your own also. We are happy with the advertising in general All done, much appreciated will buy some more, I will see how it goes for now. of course, We have added 300 GH/s to your account. |
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Just got link to send payment, Payment sent... id=48319 62 Days left GH has been added to your account. Thank you for using MineThatCloud Thanks which sig do I use? thanks for help. You can use one of the ones provided in the first post. We will give 300 GH/s for any "linked" signature. You can always create your own also. We are happy with the advertising in general |
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Just got link to send payment, Payment sent... id=48319 62 Days left GH has been added to your account. Thank you for using MineThatCloud |
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Once again, Looks like to have to repost this due to unfounded hatred of our service.
Then answer my questions. What is your mining address? What business entity is running this service? We have answered your questions, just because you may not be happy with the answer doesnt give you right to try and put our user base off. We can assure you we are legitimate, But only time will prove that.
What is your mining address? I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly. See above and as for business entity, If you read our FAQ you will realise that a business doesnt own our service, but a private investor does. To provide a service to customers we do not have any "law" that states we need to open a business to do so. We can provide as is. If you are not happy with the service for some reason why not join up and we can prove we are legitimate via you getting a ROI and more over the course of the next year? |
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Posts with unfounded hatred or just posting the words "scam" or "ponzi" will be deleted immediately
If you believe you have found an issue please post in this thread with what you have found and we will explain
attempts to put our user base off with no specific reason will not be tolerated I wish I didnt have to remind people who are unable to read. Especially members who use this forum for such a long time. Once again, Looks like to have to repost this due to unfounded hatred of our service. |
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We can assure you we are legitimate, But only time will prove that.
What is your mining address? I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly. Just go a fast reply
Hi,
Our developer is currently looking into this issue for you.
In the mean time we can process the payment manually and provide you the
required GH/s or MH/s.
What would you like to buy.
Regards,
--
Hollie Baxter
MineThatCloud Support
No Problem |
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Still says the same, no address to send to?
I am going to miss this, its big to me this opportunity.
Strange, Contact us at support@minethatcloud.com or via the contact page on the website. We can give you an address to pay to whilst we look into the issue. |
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More Offers!Coming from another cloud mining service? Prove this to us and we will give you an extra 250 GH/sI'm coming from Hashnest but today I have sold all my UmiSoo miners. Here is the picture:  My minethatcloud id: 48305I also tried to add signature but it is not allowed for me to add more than 50 characters.. Wish you good luck in your new cloud mining area! Also thanks for the gifts! Sorry we will only pay you extra if you purchase hash. We are willing to provide 100 GH/s if you use the following signature. minethatcloud.com/?affiliate_id=xxxxx ☁
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