I'm kinda newbie, so really need a quick answer, cex.io is legit or not?
Trading and buying BTC, yes they re legit. They do not offer cloud mining anymore. |
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Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?
PACMiC pays 1.056% daily. It continues to pay 1.056% daily until you reach an estimated 105.6% of your original investment at which point the contract is closed. If you choose to activate the "auto buy" function, as long a new PACMiC contracts are available, your contract value will increase by 1.056% daily. My original PACMiC is currently worth 1.52810084 BTC, so if I turn off "auto buy" today, I will be paid 1.056% daily until I reach an estimated 105.6% of 1.52810084 BTC ending the contract with an estimated gross payout of 1.61367448704 BTC. Unfortunately, these re out of stock. How often do they come in stock? |
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If power is free and it ll stay free when you plug in your miners, you can make money. If not, go cloud or start staking. I recommend DMD Diamond, in case you decided to stake some coins.
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I bought 100GH/s from both CloudMinr & Bitcoin Cloud Services (before coming onto this forum to see what people thought of cloud mining).
Both have been paying out on the schedule and approximate amount that they claim so far (I know that does not mean anything with regard to being Ponzi or not, but at least they are not just 100% scam, i.e. take your money and dont pay at all).
From reading almost this entire thread, it sounds like there are people that do not understand what a Ponzi scheme is, read the first post carefully people, it explains it well, especially in regard to cloud mining.
Can anyone tell me how long those two cloud mining companies have been going for? As obviously, if it is a Ponzi that I have accidently got myself involved with, the earlier the better...
Bitcoin Cloud started somewhere in April 2014 I think. |
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Why not a crime ponzi and HYIP company in bitcoin ?
maybe managing catch?
It is a crime. Who says it is not a crime? The problem is to how to catch those thieves. |
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https://hashtalk.ch/topic/37470/life-raftThis is a thing of beauty. The scammer who's bilked people out of millions of dollars gets scammed for $50k and goes completely apeshit. He just can't stand that someone would lie to him! I mean, that Vadala guy seems like a scumbag. It really does look like he has no right to take those primes in lieu of unpaid bills. However, I'm glad he did, because watching Garza flip out over being cheated is a whole new kind of entertainment. Then he starts going off on people who haven't cheated him, but he perceives to have in some messed-up way. Basically any deal where he didn't end up scamming the people on the other end is now a theft. This is just amazing. One guy steals from him (to compensate for money he's owed, no less), and he can't handle it. "No, wait, I'm supposed to be bilking you, not the other way around. What is this? How could you do this to me?  ?" So basically he totally fucked himself. It's not really hard to do all the stuff that PayCoin was meant to be, how is he having so many problems with people? So is Josh now working with the mob? I can't tell what's real anymore http://www.miningpool.co.uk/josh-garza-breaks-down-admits-to-working-with-mobsters-going-to-dubai-in-bizarre-post/There is more to this story I think, maybe Josh is just a puppet or maybe it's a farce. Let's start into conspiracy theories, why not? The popcorn does not stop flowing around here. It is time to completely forget Homero and his blatant lies. He s out of Paycoin and I think only total fool can invest into anything which s got even slightest connection to him. The only time I want to see his name in the press is when he gets arrested and persecuted for his lies and his crimes. Other then that, case closed. |
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So, when should I unlock my wallet to start staking? And what is a good estimate of how long it takes to stake?
I see you come from TEK background. DMD Diamond s different, you do not have to time your staking to match lowest difficulty like TEK. You can keep it open all the time if you want, and it ll stake for you, no loss there, 50% a year. Alternatively, you can keep your wallet closed and open it once a month if you like, stake your coins and close it down. DMD s got much superior system to those of Tek, IMHO. Our inflation control rest on DMD layout and the number of coins, not on staking difficulty like Tek. |
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So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.
There s no other option then to reduce the size of the blockchain. BTW, when was the last time BTC chain forked or had any real issue? There are not kids playing in the sand. |
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As people here are looking for sustainable, low-risk, low-return crypto investment opportunities, what do you think of the concept I've posted here: https://bitcointalk.org/index.php?topic=1042591.0It's basically enabling people to self-issue legally secured mortgage debt as crypto-bonds. Interest payments are made periodically to bond holders, and the issuer re-pays the mortgage by re-purchasing the assets. These assets would be readily exchangeable for Bitcoin or other cryptocurrencies. If there were demand for such assets, a huge supply of them could be established if we could find ways of minimising risks to acceptable levels. I'd appreciate any thoughts. Issuing secured mortgage debt? It does seem interesting, people would go for anything which is potentially profitable. Wouldn't you need some form of permit to do this? |
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Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.
Draw your own conclusions...
What if they had got 25+ BTC before April 23? I used my model to calculate that as well. In the past they made (huge) profits. This is the first time they are losing Bitcoin for a period of time. It is very likely that Bitcoin Cloud Mining is a Ponzi scheme. As such they will probably not want to run on a loss for a long period of time. If they continue to lose money, I would expect them to shut down the operation in the next couple of weeks. Heh. We ll see how good are your forecasts. For the sake of people who invested there, I home your are wrong. |
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Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.
Draw your own conclusions...
So you are saying you think they are legit? |
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So we are now between 10% and 15% stake rate, right? |
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I m also considering to use XAPO but now I see ANX s got much lower fees. No monthly fee for the card as well.
Anyone here who can comment on this?
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It's kind of a bit risky I would say, because you risk even investing in BTC, but here you also risk investing in a casino and an altcoin which depends on a success of a single project (Just-Dice.com). There seems to be some other little projects, but they would hardly save the day if something would happen to Just-Dice. Bla bla, ok I'm gonna grab some CLAMS and try this  True enough but if JD still had a Bitcoin bankroll I would use their site. Nothing like getting a portion of the gambling revenues from the whales eventually (variance and all) but at least with Clams the coins value is smaller but it has a stake so an addtional revenue model is nice, it does add two additonal layers of risk verus Bitcoin one it adds an Altcoin to the mix then the price of Bitcoin as an additional relation, and second operator risk, still it is better than most of the ideas I've seen in the thread so far, conversion considered its been pretty stable. Old members can just claim free clams and turn them to BTC using their old Bitcoin addresses and move any balance in them to a new address without even needing to buy any clams from an exchange so free BTC in a sense (And I won't get in trouble for saying its practically a giveaway for oldies whistle) all it requires is a 2.53 percent increase in effort to be precise ha-ha https://bitcointalk.org/index.php?topic=623147.msg11264272#msg11264272Why clams? All these other elements seem OK but clams??? Using BTC or some other more prominent alt would be much easier option. They get a few things in one shot using clams. Yes, it increases the risk for you to invest, but at the same time they promote an altcoin of their choice and probably reduce the risk of catching any legal troubles. BTC gambling I would think is under closer attention by authorities than gambling with some relatively unknown asset... Especially having in mind the way they distributed that asset. As I mentioned I really gonna try it. And might report any experiences or luck/unluck later  Pls do report back. I m also thinking of testing these waters but clams.... Even if I make some money, getting paid in such unknown alt makes me uncomfortable. |
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So it is not dead? It s still paying? |
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Very nice. Scammer got what he deserved.
KARMA it is.
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it says fortuna is blind but this time she selected one of most loyal longterm followers DMD Multipool/Cloudmining https://cloudmining.bit.diamonds/ lotto winner April official austria lotto joker from 03.05.2015 http://www.win2day.at/gaming/RundenPlakat_wai.jsp123739 mathematical closest DMD Multipool Lotto ticket: dGQr9GzEyvyLAW63NiH5oKXsr8VtLFhX5B 2015-04-14 122996 this is a address we know! i love when random luck over time find the longest and most loyal community members too congratz stoody! i send the 100 DMD in evening when i can access foundation coins! OH REALY wow thats so cool i never win anything thanks Stoody, u re the man. I wish each of those DMDs s worth $10 one day in a not so distant future. |
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Let us recap:
No company registration on his site.
No picture or information about the principals including evidence of experience, or training on the site.
No evidence provided he is staking or providing arbitrage on PoS coins on his site or to his customers.
No information posted on the site how it will recoup the costs of staking and provide return on investment.
One "major" investor pulled out lost 30% on his initial investment.
Unverifiable and misleading claim it is the 'MOST PROFITABLE WAY TO MINE'.
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What I have a problem with is being told I couldn't be doing this as altruism. Really. Am I being paid for this? Seems odd I have no signature campaign? No, reason really to do this for profit. I wonder why then? Personally I dislike the misinformation and lack of openness of the people behind this venture. Obviously someone has made a bad choice of investment and doesn't want to hear the reasons why so is lashing out. That is a tactic also of the shill to attack the MAN not the ARGUMENT.
Continually comparing his site to cloud-mining is exactly why you should not be investing. This coupled with the fact our principal is not posting any information on his site to verify any business registration or his identity make this a recipe for a ponzi scheme. Finally there is no evidence the principal person has any experience or background to handle such a securities / investment scheme.
Just steer clear. The customers who have bought in to this do not have enough data to determine the viability of this investment. It is best to avoid such poorly explained and documented businesses on these forums. Especially when the principal is unwilling to openly identify them self on their site. It is not safe don't invest.
Ok, let s develop your point then. What is safe to invest? Tell me a single crypto investment which has provided registration, contacts about people behind it, mining address, photos and all this is verifiable. Pls do share this info since you are such an altruist so I can compare it to this one. |
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It's kind of a bit risky I would say, because you risk even investing in BTC, but here you also risk investing in a casino and an altcoin which depends on a success of a single project (Just-Dice.com). There seems to be some other little projects, but they would hardly save the day if something would happen to Just-Dice. Bla bla, ok I'm gonna grab some CLAMS and try this True enough but if JD still had a Bitcoin bankroll I would use their site. Nothing like getting a portion of the gambling revenues from the whales eventually (variance and all) but at least with Clams the coins value is smaller but it has a stake so an addtional revenue model is nice, it does add two additonal layers of risk verus Bitcoin one it adds an Altcoin to the mix then the price of Bitcoin as an additional relation, and second operator risk, still it is better than most of the ideas I've seen in the thread so far, conversion considered its been pretty stable. Old members can just claim free clams and turn them to BTC using their old Bitcoin addresses and move any balance in them to a new address without even needing to buy any clams from an exchange so free BTC in a sense (And I won't get in trouble for saying its practically a giveaway for oldies whistle) all it requires is a 2.53 percent increase in effort to be precise ha-ha https://bitcointalk.org/index.php?topic=623147.msg11264272#msg11264272Why clams? All these other elements seem OK but clams??? Using BTC or some other more prominent alt would be much easier option. |
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1. Where is there any evidence or documentation he is actually staking anything or doing all this work? Further who is this person and why is he qualified to run an investment that would require him to register with the SEC in the Philippines by law. 2. Exactly. Your returns with this are even more of an unknown because who the hell is this guy? Seriously where is he identified anywhere on that site or in these forums? Anyone running such an investment plan should be forthright about identifying themselves, the business and providing some background on their experience. Who in their right mind is going to give this person their BTC if he is not qualified to handle such an investment? 1. The same thing on why you let someone mine for you via cloud mining if you can mine for yourself, true? The reason is simple because someone will always look for this kind of business where you do nothing and just put in your money to get something for X periods of time
2. Almost the same, the main difference will be that this stakeminers is "staking" rather than mining, the other concept is totally the same where your money is in the hostage for X days before you reached your ROI
I really have no interest of being part of this personal war you might have against stakeminers.com I use them, will continue using them, been paid on time every Monday for the last 5 weeks, whenever I reached his payment threshold. Also, couldn't care less if anyone else uses their service or not so calling me a shill is a very nasty move from your side. I could easily call you names and start a full time discussion here, but what s the point. He did actually share with me his personal data, including FB page. I have no way to verify this data nor will I attempt to, unless I decide to invest more sizable amount. Crazyivan out of this discussion. |
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