I see a new partnership growing in between ponzi owners.
Are they collaborating to takeover the blockchain?

Trying out with 200 bits..
[here is payment proof: https://blockchain.info/tx/a13a7e6222acd32a7307f0611c0ad3341e82d5e3d01b1cd38f325f28b7fdfb28]

Site says +/- 128 hrs repayment time and does not list my payment in their last 300 txid list.
I saw their wallet, current balance deems the stated time be more than enough for repayment.
Their wallet also had payouts that are not accounted for on the main site.
According to their site, the last payout was 4 days ago.
Is this information correct?

Thanks,
AltoBIT

It is Halfender..

I have also discussed this as a loan to someone else just a while back but the lender just stopped replying to me..

Here is the link to my loan discussion..
https://bitcointalk.org/index.php?topic=1433219

You can see the potential profit from one of my replies..

If you need anymore info please feel free to ask me.

Thanks,
AltoBIT

Thanks,

apparently people think any/all investor based games in BTCTLK are scams.

and more people here speak of scam/HYIPs/doublers than about Donald Trump's obsession towards his daughter.
^ You know that I have changed tone here, I'm getting tired of this..

I thought you guys were used to taking risks, and be able distinguish between genuine and fake.

I tried not as best as I can not to be fake on my part.
I don't know how else to be more genuine for a simple matter..

If you really don't feel "comfortable" with investing, I beg your rear-end to depart from this page and this category. Thank You

And to those fear-mongerers of lost profits and bits out there, I know that you may have had a tough time with other ponzi schemes, but being judgemental about a service without explicit experience of using the service and then claiming that as a valid argument is an flat-out unacceptable. You don't know how much time I put into this even before coming to BTCTLK..

Sure, you can call me all you want, you guys are just losing out on a great opportunity.

Now with that out of the way,
I encourage people with small bitcoin balances to invest since you can get faster return within 5-6 months

Thanks,
AltoBit

OK welp...
Looks like our potential lender, has given up..

If you are a lender and are interested about this potential.
Feel free to shoot me a message or respond to this post.

Thanks,
AltoBit

Sure it may seem obvious for a trained eye who has seen obvious scams.
Believe me, I have seen waay too many scams out here.

This was meant to be a great investment opportunity for those who are willing to invest with small amounts of bitcoin.
Obviously, you can't get the daily profits of 100 mhs of ethereum mining with few mBTCs laying around, can you?
But with many investors with many micro-payments, they collectively can achieve this task, rather easily.

Leveraging small amounts, to unlock the power of large scale cloud mining operations...

It takes only one payment to get access to multiple payment streams from
some of the most popular altcoin and btc cloud mining services out there.
A kind of service that one wouldn't expect from any cloud mining service out there.

Also, this is service is also near-redundant as compared to mining on one site the whole time.
In case, if one cloud mining company fails, defaults, or shuts-down without notice, your still cloud
mining and payouts will still be active since our service will not stop unless there is a lack of profitable
cloud mining companies.

Sound too great?
This is a project in progress, so if you are interested, at-least I'll keep you posted here..

Thanks and Regards,
AltoBit

My role in this is simple but at large in this case.

Imagine that you were an investor with little amounts of BTC for a second..
I know that, a small BTC investor may not have access to large scale cloud mining operations, right?

AltoBIT seeks to revolutionize the scene of cloud mining by introducing distributed cloud mining.

In this current loan, you, sir are willing to lend by giving me 1 payment, right?
And by doing so gives you access to large, mining operations, right?
AltoBIT hopes, that one day, many investors of any scale could reap the benefits of distributed cloud mining with single payments.

With your contribution, AltoBIT seeks to successfully expand it's services to other investors after having completed a successful loan using our mechanism.

This loan also serves as a test to see whether AltoBIT's services will be worthwhile for the host (me) and as a viable investment option for potential investors (you) in the current and progressive state of the cryptocurrency market.

If this transaction goes well,
- I would hope that you would entirely satisfied with this service.
- Funds to start for starting a website on Squarespace.
- Invitation to become a stakeholder of AltoBIT's future progress.

Sincerely,
AltoBIT

We have no site..
But, hoping to create one on squarespace though..

Actually,

There was 3 total cloud mining providers that I wanted this mining operation to be part of..
- OXBTC (Ethereum Pre-Order Rollout Apr 2016)
- Genesis Mining (Ethereum Cloud - Approx. 15 MHs)
- Hashflare (Ethereum Cloud - Approx. 32 MHs)

After reading posts from BTCTLK, I have found out that OXBTC is a potential scam.
So it has been ruled out as an option for this mining operation and for the safety of the funds.

Instead, approx.
$1,360 USD or 3.3 BTC will be invested into Hashflare for 32 MHs.
$660 USD or 1.5 BTC will be invested into Genesis Mining for 15 MHS.
This would rebalance back to our estimate of 47 MHs without OXBTC's mining.
And, there are no maintenance fees for both vendors listed above, which is a plus point..

From what I could find online about both companies,
- they are reputable
- have/provide physical office address
- active support lines

Here is a comprehensive review of HashFlare
http://cloudminingreport.com/reviews/hashflare-bitcoin-and-ethereum-cloudmining-review/

Here is a comprehensive review of Genesis Mining but without contact info
http://cloudminingreport.com/reviews/genesis-mining-cloud-mining-review/

Genesis Mining Contact
https://www.genesis-mining.com/contact

With regards,
AltoBit

I have done some extensive calculations regarding the interest..

I can agree on terms of one year loan (1 repayment of 5+ btc)
The interest rate range that I can reasonably agree are between 15 to 20 percent apr, but it is possible to go up to 30% if needed.

As per current conversion between BTC and USD,
Your returns summary at the following rates:
15% - $340 or 5.8 BTC repayment (Perfectly Acceptable)
20% - $470 or 6.11 BTC repayment (Agreeable)
25% - $600 or 6.42 BTC repayment (75% reinvestment back into mining every month, pinching those $$)
30% - $740 or 6.75 BTC repayment (100% reinvestment every month, not recommended)

Please let me know of anything else you want to know..

Thanks,
AltoBit

Collateral Options: Full Access to the Cloud Mining Accounts or 50% (daily or monthly) returns from the cloud mining.
Currently Crunching those numbers regarding interest..
Sorry for the wait...

Thanks,
AltoBit

Original Post here
- https://bitcointalk.org/index.php?topic=1433165.0

BTCTLK Username: BitAlto
Amount Requested: 5 BTC
Repayment by: April 11th, 2017
Collateral: Definitely (Will PM all account deets)
BTC Address: 1MT2g15aiHYXGfTAcwnmzFCbg43rpsJXzR
There is utilization of a payment splitter here, https://coinsplit.io/scheme/636/.
I will share any and all deets needed (if willing to lend).

Total expected ethereum hashpower: 47 MHs

Thank You for your time and consideration,
AltoBit

Contact: altobitfaucet@gmail.com

Donations: 38MhA64nuJBdvSXdWnnYzDQoDava2DsPpN

I have the payment splitter ready on coinsplit.io as per what I explained above..
https://coinsplit.io/scheme/636/

I am ready to share deets about how much will be invested in each..

Hello, fellow investors..

Introducing, AltoBIT...

AltoBIT seeks to revolutionize distributed altcoin cloud mining by uniquely spreading out your cloud mining investment across different popular cloud mining providers.

In this contract,
we allocate mining power from the following providers with your investment.

- OXBTC Ethereum, 33% of your investment
- Genesis Mining Ethereum, 33% ''
- Hashflare Ethereum, 33% ''
- Note: 1% Investment fee

From this contract, we are hoping to accrue 47 Mhash/s across these three providers.
Daily Automated Payment available from these three providers.  

Minimum Investment:0.05 BTC
Maximum Investment (This is our goal): 5 BTC

To invest, send BTC to this address: 1MT2g15aiHYXGfTAcwnmzFCbg43rpsJXzR
NOTE: Investment address must be the same as the daily payments address or else you wont receive your payments. We are not responsible for lost payments..

Happy Investing,
AltoBIT

This is a project that tries to bring the benefit of cloud mining multiple altcoins (and BTC, would need testing) from a single payment.

Methodology
The following is explained as a sample payment would be processed by a theoretical payment processor..

1. An investor chooses to pay by (insert crypto-coin here) and "x" amount of that coin.
      - Depending on the currency, it will need to be exchanged to BTC by services like ShapeShift.io or Changelly..
      - If it is BTC, it can be directly added to the pool of funds.

2. After an investor pays AltoBit by some currency, it will be added to a pre-mining pool of funds
      - This pool will then automatically split the "x" amount of BTC into "y" amount of shares.
        (With each share having equal amounts of BTC.)
      - These shares are then directed to their respective mining contract (contracts for different algorithms/coins here)
      - Once the mining contract becomes fulfilled with the minimum shares required for mining, these shares are withdrawn from the pre-mining pool (as BTC) and are spent at popular cloud mining vendors like (Hashflare, Genesis Mining, etc.).

3. Once the cloud mining term has been initiated, the daily payments from the vendor/s will be directed towards a post-mining pool of funds.
      - When this post-mining pool of funds receives a daily payout from vendor "x", it will be divided into the many shares that have been allocated in the pre-mining pool.
      - These shares will later by paid out to the original investor in BTC..
      - If the investor chooses to receive payments in the original investment currency, it will be sent back to Shapeshift or Changelly for conversion.

Whats so special about this?
      - If implemented, it may become the most reliable daily paying faucet with real returns as advertised by popular cloud mining companies.

Any thoughts? Comments? Please let me know if this is a plausible thing to do.
Any help to make this idea come true or support is greatly appreciated.

Thank You for your time and consideration,
BitAlto

Contact:
altobitfaucet@gmail.com

Donations: 38MhA64nuJBdvSXdWnnYzDQoDava2DsPpN