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281  Economy / Service Discussion / Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ on: January 16, 2015, 03:38:07 PM
Proof of ponzi for MineThatCloud:

The payments were made from 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3.

0.0087 BTC was sent from 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC to 1JgxteZWCuZLu4FnPUWv3Jxgj89QkFXLvX which sent 0.0087 BTC to 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 which sent 0.0001402 BTC to 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC.
282  Economy / Service Discussion / Re: Proof that MineThatCloud is a Ponzi on: January 16, 2015, 03:35:12 PM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
The payments were made form 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3.

0.0087 BTC was sent from 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC to 1JgxteZWCuZLu4FnPUWv3Jxgj89QkFXLvX which sent 0.0087 BTC to 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 which sent 0.0001402 BTC to 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC.

In other words, payouts are funded from new customers buying contracts.

How do you explain that?
283  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0015 BTC / GHS on: January 16, 2015, 02:04:17 PM
Apparently only us two members are both paid in GHS to have cloudminr signature below our posts. Yes. Hopefully cloudminr will reopen the signature campaign for everyone, maybe when the price per BTC will recover?

Do you realise that when cloudminr runs off, all those scammed are going to come after you two. If you are not a part of this operation, then you are scape goats. Good luck convincing people of that when cloudminr runs off with the money.
284  Economy / Service Announcements / Re: [ANN] ☁ MineThatCloud ☁ SHA-256 - 0.00087 BTC/GHs ☁ Cloud Mining Service ☁ on: January 16, 2015, 11:56:26 AM
Congratulations, MineThatCloud! You're now on Puppet's cloud mining list:

Quote
minethatcloud.com     1+2+3+4+5+6+7      => 7/7 = Ponzi

That's a direct result of you refusing to provide any evidence of legitimacy.

We have provided evidence and supported the evidence.

I do not understand how people have the right to announce we are a ponzi scam with no evidence or backup..

We have many many people now that have signed up and purchased from us and no problems at all and have posted good reviews and comments about us.
We have also provided most of our users that have asked with any information we can (Me being customer services, logically i can not provide all the details without permission).

I understand caution and readyness when it comes to these businesses and companies, we are all cautious on both sides of the fence.

i do not understand however why individuals have to announce and degrade us as a scam when we and many others know we are not.
Yes i know now you will say its because we have not provided proof of certain things, But this is simply explained in that we have provided much information to people that have asked, We are answering as many questions and doing as much as we can, yet because we have not answered you specifically you say we are a scam.

Once again i must add that you can message us on our site where it is more likely that you will be replied to, as that is where we work, this site was simply to get the word out and announce are latest news.

Thankyou to our users who have joined and are sticking with use and i sincerely apologise for any doubt being caused by unfounded and oft times malicious claims on here.

I really look forward to a couple of years from now when the prices of bitcoins are good and our users/members can come back on here and laugh at the doubters

Too many people have been ripped off by cloud mining ponzis in the last month. Basically, you are promoting the exact same model as those proven ponzis. Also, you're electricity costs are insanely high and would quite obviously make your service unprofitable. than Are you really surprised that people are being sceptical and asking for proof of mining. You've only provided proof of payouts which does nothing to prove your legitimacy. You claim that providing such proof of mining would be a security vulnerability but that's nonsense.

Quote
When I see a bird that walks like a duck and swims like a duck and quacks like a duck, I call that bird a duck.
285  Other / Meta / Are there any rules for what you can put in your signature? on: January 16, 2015, 10:06:25 AM
Could I change my signature to say something like "WARNING: X service is a ponzi" or would that be against some site rules I'm unaware of?
286  Economy / Service Announcements / Re: [ANN] ☁ MineThatCloud ☁ SHA-256 - 0.00087 BTC/GHs ☁ Cloud Mining Service ☁ on: January 16, 2015, 09:56:48 AM
Congratulations, MineThatCloud! You're now on Puppet's cloud mining list:

Quote
minethatcloud.com     1+2+3+4+5+6+7      => 7/7 = Ponzi

That's a direct result of you refusing to provide any evidence of legitimacy.
287  Economy / Service Discussion / Re: The uncensored MineThatCloud (0.26 $/kWhat!?) cloud mining ponzi thread on: January 16, 2015, 09:50:32 AM
We can assure you we are legitimate, But only time will prove that.

What is your mining address?

I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly.

Why is it that legitimate services can show their mining addresses and provide proof of legitimacy without it leading to an attack? Why is it only the ponzi operators that are scared of these "potential" attacks from people knowing their mining address.

Once again, Looks like to have to repost this due to unfounded hatred of our service.

Then answer my questions.

What is your mining address?
What business entity is running this service?

We have answered your questions, just because you may not be happy with the answer doesnt give you right to try and put our user base off.

We can assure you we are legitimate, But only time will prove that.

What is your mining address?

I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly.


See above and as for business entity, If you read our FAQ you will realise that a business doesnt own our service, but a private investor does.

To provide a service to customers we do not have any "law" that states we need to open a business to do so. We can provide as is.

If you are not happy with the service for some reason why not join up and we can prove we are legitimate via you getting a ROI and more over the course of the next year?

They say that like every ponzi that's ever existed never paid out right up until they ran off with the money.
288  Economy / Service Announcements / Re: [ANN] ☁ MineThatCloud ☁ SHA-256 - 0.00087 BTC/GHs ☁ Cloud Mining Service ☁ on: January 16, 2015, 09:45:05 AM
We can assure you we are legitimate, But only time will prove that.

What is your mining address?

I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly.

Why is it that legitimate services can show their mining addresses and provide proof of legitimacy without it leading to an attack? Why is it only the ponzi operators that are scared of these "potential" attacks from people knowing their mining address.

Once again, Looks like to have to repost this due to unfounded hatred of our service.

Then answer my questions.

What is your mining address?
What business entity is running this service?

We have answered your questions, just because you may not be happy with the answer doesnt give you right to try and put our user base off.

We can assure you we are legitimate, But only time will prove that.

What is your mining address?

I'm not at liberty to disclose that as I have been informed it could lead to a potential attack. We do not want to give that out publicly.


See above and as for business entity, If you read our FAQ you will realise that a business doesnt own our service, but a private investor does.

To provide a service to customers we do not have any "law" that states we need to open a business to do so. We can provide as is.

If you are not happy with the service for some reason why not join up and we can prove we are legitimate via you getting a ROI and more over the course of the next year?

Every ponzi that's ever existed paid out perfectly right up until they ran off with the money. Payments are not proof of legitimacy. YOU NEED TO PROVIDE PROOF OF HASHING POWER. How many times do you need to be told that?

Also, if you refuse to provide any evidence of legitimacy, people have every right to point that out.
289  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: January 15, 2015, 11:06:49 PM
The price on the 14th was 195.59 USD/BTC and the price on the 15th was 187.77 USD/BTC. Using the chart here, you can see that the payments were based on the price at 8am on both days.
290  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: January 15, 2015, 10:13:13 PM
The fee is $0.001551/Gh/day and the payout is

Code:
25 / (difficulty * 4.295) BTC/Gh/s

The payout formula is just a simpler version of:

Code:
Hash Rate * Block Reward * ((65535 / 2^48 ) / Difficulty)

The block reward is 25 BTC.
The hash rate is 1*10^9 h/s
The current difficulty is 43971662056.

An even simpler version is:

Code:
5.822 / Difficulty = x BTC/Gh/s

Using the same equation as AM:

Code:
86400 * 25 / (43971662056 * 4.295) = 0.00001144 BTC

For the 15th, the exchange price must have been:

Code:
0.001551 / (0.00001144 - 0.00000318) = 187.77 USD/BTC

For the 14th, the exchange price must have been:

Code:
0.001551 / (0.00001144 - 0.00000351) = 195.59 USD/BTC
291  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: January 15, 2015, 08:35:09 PM
The mass production time of BE300 in terms of chip-out date is February to March, 2015.

The schedule of BE300 producing: First batch production will be done next Feb.
292  Other / Off-topic / Re: Ask TF thread on: January 15, 2015, 08:26:47 PM
Could someone explain the evidence linking TF and hashie? I have seen multiple allegations here however from what I can tell the only evidence provided to back this up is a IRC log from around the time that inputs/CL failed/was hacked

https://code.google.com/p/chromium/issues/detail?id=306734

Quote
Oct 16, 2013
#2 ad...@glados.cc

I am also experiencing this bug on my website, https://coinchat.org .

https://code.google.com/p/chromium/issues/detail?id=429395

Quote
Reported by ad...@glados.cc, Oct 31, 2014

VULNERABILITY DETAILS
Opened windows (through normal hrefs with target="_blank") can modify window.opener.location and replace the parent webpage with something else, even on a different origin (bypassing same origin policy).

While this doesn't allow script execution, it does allow phishing attacks that silently replace the parent tab (which a user already mentally trusts).

window.opener.location should not be modifiable if on a different origin.

VERSION
Chrome Version: 37.0.2062.94 + stable
Operating System: Ubuntu

REPRODUCTION CASE

https://hashie.co/chrome/demo.html
293  Economy / Service Discussion / Proof that MineThatCloud is a Ponzi on: January 15, 2015, 08:18:07 PM
And you thought CEX.IO had high maintenance fees!

What are your maintenance fees?

Also, will you be providing any of the evidence puppet asks for in his Cloudmining 101 thread in order to prove your legitimacy?

Hi Thank You for your post.

We just noticed puppets post and will be providing evidence shortly.

As for maintenance fees.

Datacenter in UK.

£6,608 Per Month, We have 4 Full Racks Rented out
£0.17 Per Kwh

Datacenter in France.

€8,526 Per Month, We have 4 Full Racks Rented out
€0.26 Per Kwh


17p per kWh is 0.26 $/kWh. On average, at the current difficulty you'll mine 0.00001144 BTC/GH/day. At 0.26 $/kWh, a 0.5 J/Gh miner would cost 0.00001752 BTC/Gh/day to run at a price of 178 $/BTC meaning you would lose 0.00000608 BTC/GH/day. In fact, with a 0.5 J/Gh miner you'd lose money unless the bitcoin price was above 273 $/BTC.

Let me know if I'm understanding this correctly.

You pay ~$18,000 USD per month for hosting of your 154 TH/s.

154 TH/s earns $315/day or $9500/month.

So you are asking for $25,000 for 154 TH/s which produces a loss of $8500/month for 12 months? (assuming difficulty doesn't increase which it will)

This is my second time asking these questions. Please answer:

Can you show your mining address to prove that you actually have the stated hashrate?

What company and/or individuals are running this business?

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
If you refuse to provide evidence of legitimacy, why should people believe you are legitimate? You said you would provide such evidence but have failed to do so. All you have provided is proof of payments.

So where's the evidence? Just like every collapsed cloud mining ponzi, they've got none and will delete you posts if you point that out. So, feel free to discuss the service here.

294  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: January 15, 2015, 07:32:27 PM
Another 250+ shares buy, you can't convince me this is just some bot doing its thing. It also isn't someone buying in his/her own orders... This has to be some action from someone who knows something! Geez, I'm all hyped up!

Well the sample performed better than expected and mass production is set to begin in February. With a bit of luck, AM could find themselves without any real competition for a short while. Share price could go nuts if that happens, so these buys could just be getting in early.
295  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: January 15, 2015, 07:05:27 PM
Hopefully it will , high bitcoin price means lower maintenance fee and higher divs,right ?!

Yes. The best circumstances though would be an increase in price and a decrease in difficulty.
296  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0015 BTC / GHS on: January 15, 2015, 06:31:44 PM
So, just to confirm, both picolo and DARKANGEL6415 are in your pay?
297  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: January 15, 2015, 05:50:26 PM
Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!

Well then, wouldn't today's payout be based on the past 24 hours, and yesterdays payout would be based on the previous 24 hours. The last 24 hours have seen lower prices than the 24 hour before that.
298  Economy / Exchanges / Re: Bitstamp have scammed me READ on: January 15, 2015, 05:03:14 PM
You shout post it to reddit.
299  Economy / Service Announcements / Re: [ANN] CLOUDMINR.IO Mining contracts || 0.0015 BTC / GHS on: January 15, 2015, 02:57:34 PM
Why those 2 users? Would you drop them if someone else offered to accept less to wear your sig?
300  Other / Off-topic / Re: Ask TF thread on: January 15, 2015, 02:52:02 PM
Yeah, there is definitely some sort of connection between TradeFortress and Hashie and I'd like to hear his explanation too.
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