CEX is not a good option if you want to mine, there are better contracts, but if you like trading it may be worth it.

If they weren't hacked then you guys were spreading FUD.


It will be hard to press charges against users who tried to sell bugged hashlets. They didn't steal the codes but got them from the resellers, so the resellers should be financially responsible.

So they were hacked. Shit happens.   If it's only forum there's not much to worry about.

They are trusted but not really transparent. I wouldn't send my coins to some anonymous exchange somewhere in Bulgaria or wherever the hell they are.

I had a small fridge that run on peltiers and considered using them for CPU.
The main difference between a typical heatsink and the one with peltier is that heat gets transfered faster from the source to the target (heatsink), so the cooled surface i.e. the chip reaches lower temperatures.
You still have to transfer the heat from the heatsink and out of the room. So Peltier acts a bit like cooling fluid in a WC loop.

Suchmoon, they are most likely taking a huge risk.

When will they mine?
I think they were mining the whole time, but with less hash than announced (and sold), while paying the rest from the money they made as resellers and spending the cash from shares on hardware (pre-orders).
They wouldn't have to use funds from purchases to finance the payouts just use money they earned selling hardware.

I read on some other site I think it was Genesis Mining, that people who started it were early adopters, who mined bitcoin for years and invested the money into hardware. If Josh and friends put serious cash into BTC (or Doge) in 2013/14 they have more than enough to keep paying dividends for the next couple years.  

Cloud mining is probably a more profitable business for you than for them 

They were and probably are investing the money into hardware. I assume nobody would build a data center and buy miners just to show them as proof.

I see 2 possible options here:
1. They were combining multiple sources of income (mining new coins, speculating on the market and so on). This isn't that hard to do when you have a few millions at your disposal.
2. Reinvesting the money from sales into new data centers and more hardware. In this case they weren't ready with the supply base and decided to sell shares while building it.
Maybe both points are true to some extent and maybe none of them.

Both cases involve some risky operations, but none of them is a ponzi scheme. It's rather a first cloud mining pre-order. You paid for the shares that remain virtual until the hardware behind them gets bought and set up.
 
Just my 2 Satoshis

This Peltiers vs WC (water cooling) vs AC (air cooling) discussion have been going on for as long as I can remember.
Each have their pros and cons:
Typical air cooling is the cheapest to install and the most inefficient, but consumes very little power.
WC is the most efficient, but also the most expensive to install, also requires very little power to run.
Peltiers are like the AC upgrade, that makes it more efficient at the cost of some Watts

The best tank of WWII was T34. One can argue it had worse gun than the Tiger and weaker armor, but it had 3 great advantages that allowed it to win the war:

1. Was cheap to make
2. Cheap and easy to repair
3. Fast and reliable on the battlefield

Tiger and Tiger II were lacking in all these areas.

The whole thread can be summed up in these 2 posts:


They say he wrote a wrong price and he says they are lying and he didn't.


I wish you luck, but unless they decide to favour the customer you won't be getting anywhere.

I wouldn't take seriously a scam accusation started by a new user, especially if there's no proof.
Topics like this one should be removed by moderators.

This should be a sticky, there's a lot of threads here with opinions and suspicions. People tend to accuse others of dishonesty for fun, or before contacting them, but what would you expect from the internet community?

How can he start a complaint when he doesn't have anything to really complain about (besides being ignored)?

He thinks he entered a price, but when he sold his shares the price was different, but can't prove it.
The only thing they need to do now is say he entered the lower price himself (which could as well be true), and the case is closed.

Hard to say who is right here without the smallest proof to tip the scales.

Looks like somebody got a hold of their email database. Did they report a hack?

Illegal is unlawful. For something to be illegal it has to be specified in written law. Most countries don't have a policy on bitcoin, so stealing it isn't illegal.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

No underwear, just naked butt on a chair

The less government interference the better. It really doesn't matter if you're more to the left or to the right. Nothing good comes from being authoritarian, that's a fact.

When investing in cloud mining be wary of scams. Buy only from known companies, that are represented by people with real addresses and phone numbers.
People who aren't afraid to go public or show pictures of their hardware.
Don't send your money to a random site situated "somewhere in Eastern Europe", unless you're prepared to hire a private investigator if something goes wrong.

It was easy to scam people on preorders, it's even easier on fake mining shares.

They were doing this for a long time. KNC was accused of delaying shipments to mine months ago. Same thing with BFL.