For me, the 2 biggest indicators of a cloud mining ponzi are the following: - 5 year contract
- No maintenance/electricity fees
i'm just not going near anything that i can't change pool info and see hashrate for myself I know what you're saying but I disagree. If you have 1 Th/s miners and you're selling 1 Gh/s contracts, it just isn't feasible unless someone buys a whole miners worth of contracts. Those 2 items in the above list though are a sure sign of a ponzi. |
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I'm going with these guys, Crytominr.io or Cloudmining.website.
You meant cloudminr.io or cryptomine.io? Either way, Im hopeful all these ponzi's will collapse fairly quickly now that the "oldest" and "most trusted" scam has been exposed, maybe people will think twice before sending coins to even more blatant scams. Both. Crypotminr.io has been underpaying though, just like PB mining. Don't be so sure. Mathematically in this way, it can take years .. so you have to wait a little ..
it will take only as long as it takes for new sales to be lower than payouts. If new sales slow down or stop, these ponzi's will collapse unless you assume a benevolent scammer that prefers giving away his loot over keeping it. I think the controversy with PB mining will accelerate the collapse of other ponzis as people will be far more cautious and demand the evidence we've been asking for. |
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For me, the 2 biggest indicators of a cloud mining ponzi are the following: - 5 year contract
- No maintenance/electricity fees
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they are probably out buying hashrate from AMhash........ fakers gonna fake.
Well their sig does say: Did you know?: Most of our hash power comes from other sources. We are now specialized in the resale of cloudmining contracts through our associates!  |
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I don't get you--the payouts are calculated according to a formula which is transparent. Anyone can calculate what the payouts are, day to day. When you buy shares in AMHASH, there is absolutely zero ambiguity of what you're getting into... What do you expect? No maintenance fees? Magically increasing hashrate like LTCGear? Guaranteed returns?
He actually did expect that stuff. He's had an epiphany recently though brought about by the unfolding collapse of PBmining: I guess it´s a writeoff and I´m an idiot.
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So, it looks like the PB ponzi is collapsing. The payments haven't been received for this week and there's bean some major controversy, which started from the realisation of not receiving the expected payout.
So, when are you due to get paid next?
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It appears pbmining ponzi just collapsed. Who's next?
I'm going with these guys, Crytominr.io or Cloudmining.website. |
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I´m not promoting anything from now on.
And besides nobody clicks those links.
I´ve made .058 from cloudmining.website
that´s all.
And it´s not like I´ve been the only one promoting
this and that in a signature. You see all sorts of
shit being pushed everywhere.
That's why you should be more careful with who you associate your name with and it's why we have been demanding various forms of proof to establish legitimacy from these companies. |
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I´m an idiot.
 The sad thing is, he still has the referral link in his sig, along with 3 other likely ponzis and he'll probably argue that those services are legit until they run away with his money too. |
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If your want to mine for a profit, most people would be better off with a legitimate cloud mining service such as AMHash. huffdaddy5 gave you the numbers for SP20 (should be 1700 Gh/s not Th/s though) and S4. Compare the SP20 to AMHash:
Initial cost:
SP20: 1700 Gh/s for $964 = 0.567 $/Gh
AMHash 1.2 mBTC per Gh/s = 0.4512 $/Gh @ 378 $/BTC
Maintenance costs:
AMHash: $0.00163 per Gh per day = $2.771 per day 1700 Gh/s
SP20: Depend on cost of electricity, consumes 1152 W (1.152 kW * 24 hours * 0.10 $/kWh = $2.7648)
So, if you need to pay more than $0.10 $/kWh for electricity/maintenance, AMHash is cheaper than an SP20. There are other cloud mining services but most of them are ponzis. If you do go down that route, stick to the the ones offered by ASIC manufacturers (AMHash, Hashnest, KND Cloud).
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Bitcoin cloud services thread was beset by outstanding
counter-indicators, some of my favorites in fact so I bought
and with splendid results.
I'm going to call that a night and day response when compared to GAW sorry to pull things off topic guys Is that the one that has no maintenance fees? Think about that for a minute. Cost per GH/s roughly equal to real hardware+infrastructure cost (1.5 BTC per TH/s) but magically there is no ongoing cost? When power costs alone even with the most efficient hardware and $0.05/kWh electricity would be 20-25% at this time. Sounds much like LTC Gear with their magic super-cheap multi-algo hardware, also no maintenance costs. All I'm saying don't accidentally step into a bear's cave while running from the big bad wolf. Galdur doesn't care whether they're scams, he's just trying to build his affiliates so he gets a tiny cut of the scam. Either that or he just doesn't learn from his experiences. Here's what he said earlier: It all just seemed so weird. My zens were happily mining
the world´s best paying pool, then it sagged a little for a
few days and then boom - tanked. And the same day there
was this big hullabbaloo over the activation codes and that
scam. And I thought, wow maybe this Josh guy got an overdose
of the old testament as a kid and subscribes to the collective
punishment doctrine of that invisible guy in the sky. In that event
those payouts might never return and so maybe I best get the hell out.
And here he is insisting ponzis like PB are real. Basically, all the referral links in his sig are ponzis that are starting to crack. Anyone who points that out is apparently the same sock puppet shill for a Chinese backed, Havelock led conspiracy. |
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Regarding profitability, we are one of the most profitable cloud mining services on the market. Expected ROI time is between 3 and 4 months.
The electricity/maintenance fees we charge are 6 to 8 times smaller than our competitors and this can really be felt. You can also find profitability estimation graphs on our website and indicators on the "Mining Power" section of the user control panel, from where contracts are purchased.
To sum it up, yes, we are more profitable. And we will be lowering our rates a little on Monday too.
Do you also get your mining hardware for less than your competitors too? |
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And your point is? Buy Hashnest and skip the middleman or what?
Why would you want a middleman in the chain making a profit off you? Of course it's better to skip the middlemen, regardless of what those middlemen say or do to make you think otherwise. Middlemen are generally parasites, regardless of the industry. |
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How do you manage to mine without using electricity?
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how much it costs?
We do not plan to monetize the service. It is just one part of bitcoin safety protocol. http://bitsafetyprotocol.com/coming soon. please be patient. What the fuck is wrong with you? I just clicked on that link to see what it was about, and I just woke everybody up because some crazy arse noise started blasting. Sort your bloody piece of shit website out, you fucking tit. |
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Thats pretty good point.
A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.
True, but some are more likely to run than others. Not all operators are equivalent. You have manufacturers that are running cloud mining services and you have cloud mining services that buy hashing power from those manufacturers. It's extremely unlikely that established ASIC manufacturers will run away with your money. It's far more likely that a cloud mining service which refuses to provide information about itself will do a runner. That should be obvious to everyone. |
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I picked GAW Miners because I had $80 in Bitcoin lying around doing nothing for months so I made a terrible mistake  What was it about GAW that attracted you to them? |
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Just trying to get some insight into why you chose the services you chose. Was it the up-front cost? Maintenance fees? Give-aways? Referral schemes? Reputation? Competitions? Random pick? Etc. Let me know.
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+17% on a 50GHS bought November 16 : 16-11-2014 50 GH/s 0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
Irrelevant. Cloudminr claim they have no fees so why are you only being paid 80% of what you should be getting? They have no problems lying to you about payments, so what makes you think they won't just run away with the money? What makes you think they have any miners at all? They've already proven they're dishonest. |
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Update We decided the final pricing of AMHash3, large buyers can order hashrate by depositing BTC to official address directly: 1. Tiered bonus:
Normal bonus20TH+ can get 1% bonus; 50TH＋ can get 3% bonus ; 100+TH can get 5% bonus. Chrismas bonus for Direct InvestorsDirect Investors are people who ordered at amhash.com. 20TH+ can get extra 0.5% bonus,namely, 1.5% bonus in total; 50TH+ can get extra 1% bonus,namely, 4% bonus in total; 100TH+ can get extra 1% bonus,namely, 6% bonus in total; 2. Ordering ProcessVisit http://amhash.com/pricing.htm to finish the following steps; 1) pay 1.2 (BTC/TH)*X(TH) to the official address,X is the investment quantities; 1QDDUAVzXzwtqNxjY2m13CUwm67awWWoUX2) Send email with you payment address, its signature and the amount to fund@amhash.com or alex@amhash.com; 3) We will confirm your orders and give you the final hashrate with bonus; 4) Customers will get the dividends before every 12:00 PM(GMT+8) once you finished above steps. 3.Declaration AMHash.com is the unique official web, and our team is the unique one for amhash selling, others who don't have the indorsement by Friedcat or AMHash are not our team members. 4. The revenue history of amhash investments Thanks, AMHash Team Edit:Sorry for the mistake. |
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