Two people got very large payouts, a significant percentage of what was owed to them.
I think you meant to say something like "a portion of the past-due payouts". These contracts are still owed 4+ years more of pay-outs to come. |
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I am guessing the power needed would be absolutely mind-numbing.
Beyond any human's comprehension...  |
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It is not about morals.. it is economics.. if BFL offers a product to compete price wise, they will get orders.. hell I might order from them.
Yeah, that's not going to happen. They have an obsolete design, and no way to fund development of a new design. BFL is finished. |
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While this is a valid point, there are somewhat legit reasons to not want to provide evidence of such mining. One would be that the operators of cloud mining would be afraid that their pool accounts would get hacked and have their payout addresses changed. (this is one of many potential excuses). Although it would generally be advisable to not want to deal with companies that are of this small of sizes
Extremely weak excuse. Take a pool like Eligius. The miners tell the pool what bitcoin address to mine to. There's no "account" to hack. You'd have to hack the actual miners. If you can't secure your miners, you shouldn't be running a "cloud mining" operation. Cloud mining operations don't show their hashrate because they don't have it. |
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ouch, 0.5w/GH isnt profitable? I'm operating 1w/GH gear still - at a marginal (~$0.75/day) loss though, but am bullish we will see >$250 sooner than the time and annoyance of putting money into an exchange
1 TH/s makes $2.44 daily income 2.44 / .5 / 24 = $.20/kwh beak even point. Anything over $.20 per kilowatt is running at a loss. |
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Well that's new! Have you done any tests with lower voltages? That could really help people out if the efficiency can be improved. |
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PS. Syke, 50 BTC is not nearly enough for me to set up up a 300+ TH/s farm, but if you're serious about throwing your money away please contact me and I'm sure we can work something out  I'm not normally a big fan of escrow. Too many people have received boxes of rocks and then you get into arguments on what was shipped vs what was received. But in this case the delivery is publicly verifiable by anyone, thus escrow works great. So I'm reasonably protected from their scam by requiring escrow. If MineThatCloud can deliver 345 TH/s for 30 days, then it's worth 50 btc to me. They're selling contracts for half that price on their website. If they had any shred of legitimacy they'd jump at my offer. We can then conclude that they don't have 345 TH/s, and thus can't deliver, so escrow stops their scam. MineThatCloud is selling something they do not have, and are paying new customers from old customer funds. The best description of that is a Ponzi scam. Let me translate it for our "Belgium" MineThatCloud representative: wat moest bewezen worden ce qu'il fallait démontrer was zu beweisen war |
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As a final post in this thread. I'm not going to reply any more because this thread is getting "silly and childish"
An offer of 50 btc is anything but silly and childish. Please come up with some proof of us not paying out, not doing exactly what we described in our original thread. We are a cloud mining service here to help people not to scam people, We are paying out, we have paid our affiliate scheme members, we have not failed any payments.
That's how ponzi's work. They pay out at first, but then they fail. You will fail. The numbers prove it. Everyone can now see that you've refused a huge profitable offer because you do not have the hashrate you claim to have. |
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No i don't need to,, I've mentioned it thats enough...
Then you're lying. I'm not. My offer still stands, but it won't stand forever. MineThatCloud is online, but hasn't responded. Very telling. And also just a quick question, what (in percent) would you say your risk is placing it into an escrow?
Both sides are publicly verifiable, so there's very little risk to each side. There are several trusted escrow agents that would be able to determine fairly if the contract was completed. There are risks to my side, but I won't describe them at this time as that would put me at a disadvantage. I'd like this to be a fair negotiation. Now answer my question. Is my offer fair or not? |
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On that logic I'm going to invest 10000 btc in a you making a company if you ever do... There now I have 'risked' my btc. Just mentioning it in a comment is not risking it ...
Excellent. Sign an address showing you have 10000 btc available to invest and we can work out the details. |
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After a few minutes, any edits made to a message flag the message as edited. I will leave my previous message unedited. Feel free to quote it if you like, but it won't be necessary. If we need to change the terms of the agreement I'll post them in a new message so that we have an agreement based on an unedited message.
Edit: enough time has passed, the previous message cannot be edited without anyone knowing. Feel free to quote it so I can't be accused of deleting it.
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I'll make another offer. One that everyone can see and can't be deleted by you and your self-moderated thread.
I will rent your entire mining farm up to the claimed 345 TH/s (whatever portion is not already rented) for 30 days at double your current rate of .00087/gh. For 345 TH/s that would be 345 * 1000 * .00087 * 2 / 12 = 50 BTC. Of course, the payment will be escrowed by a trusted bitcointalk escrow agent and you will point your farm at Eligius with a bitcoin address of my choosing. I will post the bitcoin address publicly so that everyone can see it hashing away live. You make double the income and get to silence my criticism. Deal?
Any pro-MineThatCloud people think this is in any way an unfair offer?
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Its in the Miner Control Software. Will post a screenshot later today if you still cannot find it. Cheers.
I'd like to see it. I don't have access to the software. |
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That not offering investment in the service, our point is proved.
I clearly offered you 100 BTC. I notice you didnt defend yourself about the DDoS, You must be proud of taking down a legitimate service.
Because I already did so earlier. But, if you need to hear it a second time, I had nothing to do with your DDoS. Not only would that be illegal which I don't do, it would be stupid to use my own nickname in a threat like that. I'm way too experienced to make such a stupid mistake. |
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WHAT? You never offered a mBTC to this service and im sure people wont trust that rubbish since you hate this service so much.
Here is a complete unedited copy of the deleted message. Feel free to ask the moderators if it is true: 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. 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.
Your "We won't answer that" is not an answer. There are numerous ways you can prove you have the hashrate. You have provided none of them. I can only conclude you do not have any actual mining equipment. 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.
Ok, who is it? I need to know who to file the lawsuit against when you default on the contracts. 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.
What country's laws do you operate under? Most countries require business licenses to operate a business. You are operating a business. 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?
Ok, I will place 100 BTC in escrow. In one year, if you are still paying out as promised, then I will release the escrow to you. Deal? Did you not know we get copies of the deleted messages? Caught you in another lie. |
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Our identity will not be uncovered and things risked because of few F****** ask us to do so and 100% they would not invest anyways. As I said before we get customer from 50 different places and they do not mind us being anonymous.
Showing proof of hashrate does not uncover your identity. Failing to prove your hashrate is simply an admission that you don't have it. |
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It's getting worse. Now the latest scam is using a locked self-moderated thread to bump their post back to the top without letting anyone else reply. This really should be stopped.
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Well that sheds a light on a lot just looked at sykes trust rating.. Syke who was belittling you guys and saying how stupid i am to support you and invest in you.. And according to himself he has invested 100btc in you...
Sorry syke but the validity of your comments and posts has just been shattered, You are either lying on here and simply trolling, or you are lying about investing in the company. Either of which is not acceptable
I offered them 100 btc, but they deleted the message. If you read the trust system, you'll see "Risked BTC amount is money that the person could have stolen", which is true. Fortunately, I protected myself by proposing escrow, so their attempts at stealing my money failed. My trust rating for them is accurate. I'm sorry if they succeeding in stealing your money. |
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Nice try sending yourself an email trying to claim it was from me. I'm still waiting for you to list your town of residence so I may report you to the police for illegal activities. I'll add the faked email to the list. |
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Hooray, Congrats on your work. You could have just scared away a good service and if you are correct and it is a scam, They can now scam people in their own environment. You have possible made them more BTC  Give me a break. Without bitcointalk they're a scam without victims. Just how I like it. |
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