This doesn't mean that people won't try to somehow profit off of the test net. All any of this really means is that whoever get suckered into buying any testnet coins would most likely end up with another worthless altcoin

SMH. IMO these kinds of sites are nothing more then referral spam and are not going to be able to give any kind of neutral feedback regarding any cloud mining site

I don't see why Garr wouldn't just temporarily withdraw his complaints about BFL until they delivered his order and once all the machines in his order were confirmed to be received and in working order he could resume expressing his opinions/the truth

I really don't think this is possible. You could always have purchased the gift card with a stolen credit card and have possession of a physical gift card. You also could have purchased one card via legit means and others via a stolen credit card or other illegal means.

I don't think this is true. The fact that an exchange has zero volume means that users have no disincentive to engage in HFT as the cost of each trade is zero.

This. When you have this high of leverage you will be very vulnerable to even small market movements against you that are legit (or the result of manipulation). Since margin requirements will always be based on the price on the exchange it would not be uncommon for the price to move in ways that are different then other major exchanges for short periods of time and the exchange could force the price against you quickly to force you to close your position, wiping out your equity and then selling the bitcoin they just purchased from you at artificially low prices to other market participants (if you had a leveraged long position)

You can look at the order book at various exchanges if you want a good idea as to how much you can trade without encountering very much slippage.

If however you were to trade large amounts over time that do end up moving the market, it is likely that more people will buy when the price is lower and more people will sell when the price is higher. In effect the more you move the market, the more liquidity you will have to fill your large order

No he is not "right", it generally only points out the most obvious scams or scams that have been pointed out by others already. His actions generally attract attention to scams so more people respond and troll the scam threads.

If he is owed the money then he should be paid it.

I would say the true scam is the fact that they are paying users so little for advertising.

To clarify, it has always been my opinion that you were someone who was looking for opportunities to scam and were someone that probably has scammed in the past.

I am fairly certain that no one thinks you are thoughtful as the majority of your posts are spam.

Some/many escrows will not be willing to escrow for such a small amount of money and/or may not be as quick to respond for a very small amount of a deal. IceTurk probably took advantage of this by suggesting that the deal take place outside of escrow when they probably contacted at least one escrow with no response.

Lenders ask for collateral for protection that they will be repaid. Traditionally collateral has been something that has a very measurable value, such as altcoins. However recently collateral has become more diverse and is more difficult to determine if it is legit or not. If the OP does not intend to repay his loan then it may be an indication that it would not be realistic for anyone to be able to sell the OP's collateral at the value he is claiming it has

IMO he has always been a true scammer. It is just now that he has actually gotten an actual scammer tag aka actual negative trust from someone on default trust

I received my payment and would like to continue.

1HKrqCAPcXoo1CjjmsomEeYLZx2FfJrBn6

392 posts

Also do you have any update as to the status of you receiving funds for next month yet?

Cheers

This is not necessarily true. All it means is that the difficulty is rising as it has been since bitcoin mining has started. A cloud mining service is not going to be able to sell any cloud mining capacity if their prices do not allow users to ROI with some level of realistic level of difficulty increases

I would dispute this. To mitigate risk of investing in a scam cloud mining company you should do your due dilligance and use common sense when trying to make a conclusion as to if the company you are investing in is a scam.

The fact that LTCgear is offering the 'best' returns is a sign that people should remember the saying that if something sounds too good to be true then it probably is.

Also the fact that the only people who are defending LTCgear are wearing their affiliate link (as well as the fact that no one with a LTC gear affiliate signature are showing any signs of skepticism)

I believe they were selling some form of cloud mining before they sold what they called 'hashlets' although IDR what they were calling it.
It is possible that they are mining on various pools and that if they could be linked to specific pools then they would be at risk of having their pool accounts hacked. I would somewhat doubt this would be the case as the hashrate they claim to have should be enough to solo mine. Also using a mixer would effectively be a fee their customers would be paying as pbmiing would need to pay a fee to the mixing service. 
I really do not understand why cloud mining services do not do this. I would think that this would actually reduce costs as it likely cost them a non-zero amount to run their own pool and keep track of each users' balance. This is especially true for pbmining as their customers must prepay 5 years wroth of electricity

This is a very good point. Just because you have 'free' electricity doesn't mean that in infrastructure of the place you are renting (it would be very unlikely that someone who owns some kind of location would have free electricity) has an unlimited capacity of wattage. It is also unlikely that a 'place' that offers free electricity would allow you to modify the electric setup to allow for greater capacity.

This is another issue that the OP could face. The OP will need to have enough physical space to house the miners in a place that would insulate him from the noise and the heat (although the heat issue could be mitigated by the fact that the OP could use more electricity to cool the location)

If prices remain sideways for a long time then people will likely naturally close their positions over time (or close only a portion of their position when their margin is too "low").

I would say that it would be likely that one or more of the chinese exchanges will likely implode in the simi-near future as they are likely running some kind of scam (I think they will likely eventually run with customer money). This could potentially cause the kind of short squeeze described above.

I am curious to see any kind of data on the swaps from right after gox imploded

Why were people not mining on scrypt based multipools with their GPUs more if their GPUs are able to achieve such high amounts of hashrate? You could easily stack them to get well over 1 GH/s which would have earned you ridiculous amounts of money even early this year.