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441  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 21, 2014, 07:05:33 PM
Dude, it's called "innocent until proven guilty".  Your acting like an entitled asshole and it's reflecting badly on AM obviously.

Tell that to all the victims of the PB mining ponzi and all the other bitcoin ponzis, I'm sure that will get them their money back. This isn't a court of law and there is no "innocent until proven guilty" when dealing with bitcoin services, they should all be treated as scams until they provide some evidence of legitimacy.

As for calling out these ponzis reflecting badly on AM, that's complete nonsense and AMHash sales prove that.
442  Other / Meta / Re: Requesting theymos to remove CanaryInTheMine from DefaultTrust on: December 21, 2014, 06:33:09 PM
So what about mine I asked nicely and even apploigized when I made a mistake?

You didn't ask nicely, you started spreading lies about the reasons I left that feedback after me specifically telling you that that wasn't the reason and telling you the actual reason. And given the shit going on with your account at the moment and the scam accusations against you, I see no reason to remove that feedback.

Just noticed Mabsark removed the neg. rating he left me.

No I didn't. I'd only remove that feedback if theymos created a special "Forum's Biggest Troll" rank especially for you.
443  Economy / Service Discussion / Re: cloudminr.io - not legit at all? on: December 21, 2014, 06:04:54 PM
It's hard to find real cloud mining now.

It's not that hard. Just get your cloud hashing direct from the ASIC manufacturers.

Such as?

ASICMiner: AMHash
BitFury: Bit-x
Bitmain: Hashnest
KnCMiner: KNC Cloud
444  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 21, 2014, 06:02:15 PM
That is correct. My issue with that is that the lack of evidence of legitimacy is not evidence of a scam. The fact that you are advertising and invested in competing services is a major concern for me and makes it appear that you are attempting to increase the value of your investments. 

And my problem with that, is that waiting for evidence of a scam to leave negative feedback is simply too late for that feedback to stop people being ripped off by those scams. If those "services" don't want to be labelled as ponzis, they should stop acting like ponzis and provide some evidence to potential customers that they are in fact legitimate instead of coming up with bullshit excuses why they can't provide such evidence. Far too many people are getting ripped off by such ponzis and it's up to us as a community to stop that.

I think all new cloud mining services should start out with a ponzi warning until they provide evidence of their legitimacy.

i did learn a small lesson with this event. While I was so blinkered by the sheer volume of ponzis going on, I let it cloud my real judgement and Mabsark and I both did leave incorrect feedback on a recent new cloud mining operation.

Which I removed immediately upon some form of evidence of legitimacy being provided, just like I said I would.
445  Other / Meta / How about a cloud mining sub-forum? on: December 21, 2014, 05:26:32 PM
I think a cloud mining sub-forum would be very beneficial. At the moment cloud mining services are being promoted and discussed in the following sub-forums:

Securities
Services
Service Announcements
Service Discussion

If there was a cloud mining sub-forum it would be far easier for potential customers to compare services and make informed decisions, and cloud mining services could promote their services more effectively.
446  Other / Meta / Re: Spondoolies Spam on: December 21, 2014, 05:14:57 PM
An obvious compromise between having numerous review posts and having manufacture sub-forums is to create a mining review sub-forum.

447  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 21, 2014, 04:16:44 PM
Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern
Can you please give more detail on this (examples, links, etc.)? Thanks.

I think he's talking about a bunch of users (including Mr Teal, Puppet, Raskul and I) asking some cloud mining ponzis to provide evidence of legitimacy and me leaving negative feedback because they flat-out refused. I've told those "services" I'd remove it if they provide such evidence. Unsurprisingly, they haven't provided any evidence.
448  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0013 BTC / GHS on: December 21, 2014, 02:02:00 PM
True OP responded today and gave me free VIP + 10gH/S code !  He also said sorry for not replying on this forum as he dont visit here often,.. i wonder why Tongue

All looks good for cloudminr if they stick

The reason they don't come here often is because they're scammers and they know they'll be asked to provide some evidence of legitimacy. They can't do this because they're not legitimate and they can't provide any valid reason for not doing so.

I have a good experience with them. Have a subscription, paying out well till now Smiley

Said every victim of a ponzi before the collapse.
449  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0013 BTC / GHS on: December 20, 2014, 07:02:53 PM
i might be wrong and did not feel like reading every single post made on here lol. I thought someone from some company had come on here and confirmed something dont really recall what it was. Once again i might be wrong but thought was proved legit

They provided a picture which might as well have been a black square. Given that I've left them negative feedback and have told them that I will remove that feedback if they provide evidence of legitimacy, I'd expect them to let me know about such evidence. I've seen no evidence of legitimacy from them. I'm not asking them to provide all the evidence that Puppet wants in his Cloudmining 101 thread. I will remove that feedback if they just provide a picture of the PCBs and ASICs in the cases they showed along with proof that they have 560 Th/s.
450  Economy / Service Announcements / Re: BITCOINLABMINING.COM - BITCOINLABMINING Cloud Mining Hosted Mining on: December 20, 2014, 06:10:41 PM
bitcoinlabmining.com is based on a business ponzi scheme, where all mining hardware is properly installed and maintained in data-centres imaginary. You can buy mining power (GHS) in a matter of seconds, and receive income from pure mining money provided by new customers. Try Cloud Mining Ponzi.

You people are totally incompetent. You don't even mine bitcoin and you don't sell Gh/s. If you fail to provide any evidence of legitimacy by the end of this year, I'm leaving negative feedback. As other people here have said, we're sick of this shit.
451  Economy / Service Announcements / Re: CLOUDMINING.GURU - YOUR #1 CLOUD MINING REVIEW SITE on: December 20, 2014, 05:40:32 PM
Why haven't you reviewed and of the cloud mining services provided by the ASIC manufacturers themselves (AMHash, Hashnest, KNC Cloud and Bit-x)?
452  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 20, 2014, 05:08:29 PM
To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

453  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: December 20, 2014, 04:41:48 PM
Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

For the vast majority of people, AMHash is less expensive than owning a physical miner. The initial cost for 1700 Gh/s is cheaper than an SP20 (which tend to only do around 1500 Gh/s) and that's excluding shipping costs, import costs, local taxes and PSU cost. Also, AMHash maintenance costs are equivalent to running an SP20 with electricity costs of 0.1 USD/kWh.

I had a few physical miners, gen2 BFL, and i can tell you that cloud mining is profitable only if you can recover/sell your investment, beyond that point, even a satoshi is profit.

Gen2 BFL and PBmining. OUCH! I started mining on my CPU and I've heard people say that mining is unprofitable since GPU mining started to pick up steam. They've always been wrong. I think when people say that mining is unprofitable, what they actually mean is that it's no longer a get rich quick scheme.
454  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0013 BTC / GHS on: December 20, 2014, 04:16:55 PM
Cloudminr has been conducting business very seriously so far but don't take my world for it, do your own research, I am no mining expert.

No it hasn't. If it was serious, it wouldn't flat out refuse to provide evidence of legitimacy.

From the "Mining Farm" page on their website:

Quote
We can proudly say that our platform is backed by 100% real hashing power.
CLOUDMINR.IO Hashing Power
As of December 2014, our total hashrate is approximately 560 TH/s.

They can repeat that as much as they want. Until they show some evidence of actually having 560 Th/s then they're simply full of shit and have 0 hashing power. They can easily prove their hashing power by showing us their pool stats or the blocks they've mined. They flat out refuse to do so.

Quote
ASIC chips and PCB we use are shipped directly from the ASIC manufacturers to Norway, where they are assembled by us. Direct orders help us to skip the middle-men (in this case the widely known ASIC sellers) and provide lower rates & more value for our customers.

What ASIC manufacturers? Why wont they show us the actual mining hardware (PCBs and ASICs)? Why wont they ask the manufacturers to come here and verify they sold them the ASICs and PCBs then claim to have.

They've had to close their signature campaign because nobody is buying their bullshit and if they're not going to bother to or just can't prove their legitimacy, they might as well just run away now.
455  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 20, 2014, 03:55:17 PM
BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 Huh GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:



Compare that to AMHash's last dividend of 0.00000788 BTC.
456  Economy / Service Announcements / Re: The official information resource for BitFury Group on: December 20, 2014, 03:37:19 PM
Whos going to have the cheaper price, AMhash or bitx......we shall see

AMHash is significantly cheaper. Given an exchange price of 328 USD/BTC:

AMhash
Initial cost: 0.0012 BTC
Maintenance fee: 0.001551 USD per Gh per day

Bit-x:
Initial cost: 0.00147253 BTC
Maintenance fee: 0.0035096 USD per Gh per day

So, Bit-x is more expensive up-front and their maintenance fee is more than double AMHash's.

From the Bit-x mining calculator:



AMHash is paying out nearly 4x as much as Bit-x. I can't believe that this is all BitFury have got to offer so I'm thinking they're just getting the platform working for their upcoming next gen miners. I'm sure I read somewhere that they were expecting samples at the end of December for their new chips.
457  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: December 19, 2014, 09:24:20 PM
It looks like someone just bought 150 Th/s on Havelock.


458  Economy / Securities / Re: [Havelock] Bitcoin Difficulty Derivative (BDD) on: December 19, 2014, 08:39:40 PM
Since the PBMining disaster, I've been looking for other mining solutions. So far BDD (B.Mine) seems the best for "right now".

BDD has 0 hashing power. Mining does more than just earn money, it secures the network and processes transactions. BDD is an interesting gambling game, but it's not a mining solution. You're probably aware of that but I thought I'd point it out just in case you're not.
459  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: December 19, 2014, 07:08:37 PM
lol come on elastic you know you want a referal system in place for am hash.

It makes sense for AMHash customers to want a referral system. It makes far less sense for AM shareholders though.
460  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0013 BTC / GHS on: December 19, 2014, 04:02:08 PM
Just curious, if this is a legit mining company, why are you posting your stuff in Games and Rounds?  I got burned by PBmining unfortunately (I should have known better)

Any reason you are posting it here?

It's not a legitimate mining company. That's why they flat out refuse to provide any evidence of their legitimacy. It's just another PB running the exact same scam. If you're looking for a legitimate cloud mining service, take a look at Puppet's Cloudmining 101 thread. AMHash is the most profitable legitimate service but don't take my word for it, do your own research.
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