It's managed by Rockminer.


If it was owned by Rockminer, then Rockminer would have the right to buy back, not ASICMiner.

That payout is 0.9 BTC in total, not per day. In other words, you give the ponzi operator 1 BTC and they give you back 0.9 BTC.

AMHash has 5 Ph/s to sell. There will be as many "IPOs" as required to sell that. They've currently sold 0.63 Ph/s.

You obviously didn't even bother to check those links otherwise you would know that they do no mining whatsoever. If you don't believe that, then ask the operator of BDD (twentytwenty) and you will be told the same thing. Neither DMS or BDD were fraudulent though as they never claimed to be cloud mining services and were completely honest with how the system worked. Deprived (the operator of DMS) did run away with the money though making it a scam. Seriously, go and read either of those links.

As for a what a ponzi is, from wikipedia:


A cloud mining operation that does no mining yet claims it does and pays out from money acquired from new purchases is quite clearly a ponzi scheme.

The point of me posting those links was simply to show that you can have "cloud mining" without any miners at all. Those services have 2 components, MINE and SELL and SELL has always been vastly more profitable (B.MINE=69.86% vs B.SELL=563.49% yield on Havelock) due to the size of the difficulty increases. Now, imagine running a service like that and keeping the SELL component for yourself and only allowing people to purchase the MINE component. That is essentially how you run a cloud mining ponzi.

Cloud mining ponzis like that will collapse once the difficulty increases drop below a certain threshold. With the recent low difficulty increases, some of the ponzi schemes may not have paid out as much as expected due to the above.

Actually, it is. See Deprived Mining Speculation and Bitcoin Difficulty Derivative.

Someone ask them what miners they use and see if you get ignored too.

You're not an investor though, you're just a mark getting scammed.

Why would you invest in a mining ponzi because you know it's a mining ponzi when there are legitimate services that you could invest in instead.

How can anyone be that stupid?

You'll believe what? That AMHash is simply an ASICMiner service?

The choice is not pay 15 bucks to a ponzi or complain about it being a ponzi for months. That is what is so illogical about your statement. If you want to buy hashing power from a cloud mining service, there are a range of options to choose from, most of which are ponzis and should just be ignored immediately.

See puppet's thread in order to learn the signs of a ponzi.

https://bitcointalk.org/index.php?topic=860400.msg9568209

Hashie are selling you hashing power that they don't even have. Direct from the horse's mouth.

I'm not worried about your investment, I was just pointing out how illogical your statement was.

What you just said is completely wrong. AMHash is a 5 Ph/s mine created by AM using AM hardware. AMHash is simply a service of AM just like the Prisma is a product of AM. The profit from selling AMHash units are not distributed as dividends to AMHash holders at all. That profit goes to AM. What gets distributed as dividends to AMHash holders is the proceeds form mining, just like someone who bought a miner would get BTC from mining. As for the units that don't sell, they mine for AM, because it's an AM service.

They're not your only options though. Instead of blindly throwing money at things, you should do some research into the various pros and cons of each alternative. If you did that, you would understand that there are better alternative availables, both in terms of value and legitimacy.

So why waste 15 bucks on something which could very well be a ponzi, when you can spend 10 bucks on something you know is not.

See, even the biggest mining-haters know AMHash is the best cloud mining service available and recommend it over any other mining service!

Could you ask for a better endorsement than that?

Does lowest up-front cost and no maintenance fees sound to good to be true?
Does the cloud mining service try to hide their maintenance and trade fees until you've already bought a contract?
Does it refuse to provide proof that they even have any miners?
Are you concerned that the cloud mining service is actually a ponzi?

Well, now you can get cloud mining direct from ASICMiner, one of the earliest manufacturers of Bitcoin ASICs. There's no question about these guys actually having miners and they provide all the information you need to make an informed decision.

Cost: 1.2 mBTC per Gh/s
Maintenance fees: $0.00163 per Gh/s per day
Trading fees: 0.4% when selling

Official Forum Thread
Purchase from Havelock

Are you sure that's not a typo? That maintenance fee is just over twice as much as AMHash's and the price per Gh/s is $0.11 more as well (@ 400 $/BTC), and it requires you to buy a minimum of 500 GH/s. If that's a sale, I'd hate to see what they normally charge.

When people call these services ponzis, they're not necessarily saying that the service is definitely going to rip you off, they're suggesting that the dividends you are being paid does not come from mining, but from customers buying new contracts.

These services don't actually need physical miners as demonstrated by Deprived Mining Speculation (Deprived vanished with everyone's money) and Bitcoin Difficulty Derivative (which is still running). Those service basically have 2 components - MINE and SELL and SELL has always been vastly more profitable to hold (B.MINE=69.86% vs B.SELL=563.49% yield on Havelock).

So, these services could simply be difficulty speculation services like the two described above, only they're keeping all the SELL component to themselves and flogging the MINE component to customers


Well, I did ask a question about Hashie and you ignored it. Regarding maintenance fees, you actually don't need them if you don't have any miners to maintain. And if you do charge maintenace fee but don't have any miners to maintain, then that's just extra profit.

So, what miners are Hashie using? Any pictures of your mining farm?

Also, it's infuriating when people don't provide essential information required to make informed decisions and you have to go digging through shit to find it. Instead of telling me that you have "low maintenance fees", tell me exactly what those fees are. And by "tell me", I mean stick it in the OP and on your website. Same with trading fees. Prospective customers shouldn't need to read 30 pages on a forum in order to get basic essential info.

That seems very strange to me. When you set the frequency to 190, does your hash rate drop? If so, then how can the power efficiency remain at 0.8 J/Gh? If not, then you're not actually changing the setting - the change is not being saved, it's being ignored.