This is just a message to warn everyone out there not to use nmc-wallet.com for namecoin wallets. I have had an account there for a couple of months and all was fine until I noticed that the balance didn't match the blockchain. I received emails previously when my mined coins were paid in so I thought it was all good, just a hiccup.

I've emailed them a few times about the discrepancy and had absolutely no reply so far.

I then tried to withdraw my coin to another address and the transaction has been processing since the 26th Feb.

It is looking more and more like a scam to me so I'd suggest everyone steer clear of them.

It looks like mtgox.com is down and only a blank page with this in the source:

Code:

<!-- put announce for mtgox acq here -->

What could that mean? Mt Gox acquisition announcement?

I've been thinking about this for a while and is there any reason to believe these cloud mining outfits are even mining bitcoin?

Do users ever get to see the shares they submitted and blocks they were involved in solving?
Do users get payouts in bitcoin or fiat only?
If there are bitcoin payments are they from newly generated coins or spent coins?

I was just thinking one could set up a system which takes the current difficulty and works out how many shares would have been submitted with the hash rate subscribed to and credits the users account with the appropriate bitcoin amount without ever having mined anything. It could then make payouts in fiat or bought bitcoins... if they'd bought bitcoin with the initial investment from the customer when they signed up; they would have made a profit.

Just a thought anyways 

Hi everyone, another newbie signing in...

I've ordered my Antminer and I'm hoping to hook it up to some solar equipment I have lying around...

Now all you naysayers; put that in your Bitcoin mining calculator and smoke it