Isn't is funny how a major ASIC manufacturer can no longer offer profitable cloud mining yet these "services" that refuse to provide any evidence of legitimacy can.

Isn't is funny how a major ASIC manufacturer can no longer offer profitable cloud mining yet these "services" that refuse to provide any evidence of legitimacy can.


Yeah, you're definitely not SpanishSoldier. 

Isn't is funny how a major ASIC manufacturer can no longer offer profitable cloud mining yet these "services" that refuse to provide any evidence of legitimacy can.

Looks like only AMHash, Bit-x and KNC Cloud are the only legitimate bitcoin cloud mining services left in the game and KNC Cloud are more of a hosted mining service with a 6 month contract. So, basically just AMHash and Bit-x.

Looks like AMHash and Bit-x are the only legit cloud mining services left in the game, and bit-x is far more expensive. There KNC Cloud too, but I wouldn't really call that cloud mining, it's more hosted mining.

From the AMHash website:


The fee has been lowered to $1.551/DAY/TH now though.

Meh, right after the 1st MtGox hack, June 2011, ~$32 to ~$1

Meh, I've seen worse drops in exchange price.

If you bought a pile of hardware from ebay then most of it would be older hardware that's about to become unprofitable unless you have free electricity. Because that hardware is about to become unprofitable, people soon be getting negative balances unless you're going to pay them an income out of your own pocket along with eating the maintenance fee yourself.

I've just looked at the mining hardware sold since November 8 on ebay:

35 x SP10 1.4 Th/s
24 x SP20 1.7 Th/s
10 x SP30 4.5 Th/s
2 x  SP31 4.9 Th/s
1 x  SP53 5.5 Th/s

Total 150 Th/s

The SP10's are too old to bother with so that gives a realistic maximum total of 100 Th/s of Spondoolies hardware.

Also, that hardware sold on ebay seems incredibly overpriced to me. You likely would have gotten a better deal for buying in bulk directly from the manufacturers. For example, you could have got 15 SP20s directly from Spondoolies for $6,995.00 including shipping, working out to $466.33 each. There is only 1 SP20 listed as being sold on ebay for less than that and that was sold yesterday.

Finally, you reduced your prices by a factor of 10! Even if you was a legitimate service, that's proof you were planning on completely ripping your customers off by overcharging by a factor of 10.

Your story is not convincing. Not in the slightest. If you want people to take you seriously, take a look at this thread and try to provide some of the evidence that Puppet asks for.

Good. Cloud mining services that refuse to provide evidence of legitimacy deserve to die. If they were legitimate though, they'd still be able to pay their customers and wouldn't even consider running away with the money. They'd also be able to refute the false allegations.

What alt coins are you/Cloudminr "mining"? If you "don't know" could you "ask them"?

Closer to two months and the numbers haven't changed much in a while. Basically, someone (and I wouldn't put it past being you) apparently bought a large chunk of that. With customers coming from 50 other sites, I'm sure you'll have nothing to worry about, honest! Seriously though, I'd be surprised if you had more than 20 customers.

Also, answer the question. Given all the cloud mining services that have screwed people over recently, would you send money to a cloud mining service that seemed dodgy and flat out refused to provide any evidence of legitimacy?

Like Cloudminr, I don't have any hashing power at the moment to sell. Also like Cloudminr, I don't have free electricity and the likelihood of just finding some is pretty much 0. I have nothing whatsoever to be jealous about. This "service" is so obviously a ponzi that you have to be pretty much brain dead not to be able to figure that out.

50 different places you get customers coming from, yet they don't buy your bullshit either:



The only reason you are concerned about your identity being uncovered is because you are a scammer. Also, answer the question. Given all the cloud mining services that have screwed people over recently, would you send money to a cloud mining service that seemed dodgy and flat out refused to provide any evidence of legitimacy?

And yet the actual ASIC manufacturers who create the miners and sell them to these "services" can't even manage half that payout with their own cloud mining services, which get miners at cost and have cheap electricity (~$0.07/kWh for AMHash).

Unless they have free electricity, no hardware exists that would allow such high payouts.

Where are all the people calling legitimate services like AMHash and Hashnest scammers? You get called a scammer because your service seems iffy and you refuse to provide any evidence of legitimacy. If you were legitimate, you could easily put an end to all the scam accusations against you by providing the evidence of that legitimacy. For some reason, you refuse to do so despite that refusal having no benefits and making you seem like a scammer. In short, the scam accusations are of your own making.

Answer this question. Given all the cloud mining services that have screwed people over recently, would you send money to a cloud mining service that seemed dodgy and flat out refused to provide any evidence of legitimacy?

I've no idea what type of service you run and you provided no information about it in this thread. If you're not running a ponzi, then don't call yourself a ponzi and people might not call you a scammer. Not exactly rocket science is it?

I sent them a PM asking that question:

It doesn't matter whether a ponzi is currently paying out or have already ran away with the money. It's a scam because the goal is to run away with the money.


Then you label yourself a scammer which is fine because that's what you are - a scammer running a ponzi.

Such fixed length length, multi-year contracts are a sure sign of a scam. Miners become unprofitable far quicker than than. You'd be lucky if they lasted a year. Let's say I bought enough hash rate to own a whole miner. Let's say that miner becomes unprofitable after 1 year. What you are essentially saying is that you will give me a new miner every year free of charge which is clearly an unsustainable business practice.


Mining doesn't work like that. That's simply an admission that the payments won't come from mining. In that case, where are they from then?


The only way you can have no maintenance fees is by having no mining hardware. You can take those fees out of the mining income or you tack them on to the initial cost of the contract.


We'll see what those manufacturers have say about that.


No idea whether the account page was detailed because I never created an account. Why would I when you provided no info whatsoever on the website about the details of the operation. There's no terms and conditions and no FAQ.