I asked them point blank. If I understand the response correctly, they know even less about hashie than we do. This is response I got:


As for the risk involved in buying amhash through hashie, after 4 attempts I managed to get this somewhat comprehensible response:

But achieving that required an ever increasing influx of new victims throughout that year.
One would hope that pbminings collapse has opened enough eyes that is very unlikely to be repeated.
More so if you consider how many of these ponzi's are being launched each week, all competing for the same suckers.

FWIW I will be surprised if this ponzi is still around after February and flabbergasted if it lasts until next summer.
IOW, even the earliest investors will likely not profit.

Im more curious how you ended up on canary's list in the first place.
A quick glance over your post history doesnt exactly answer that question.

Because they are getting paid per post to promote the next scam, via their signature,  to a long list of gullible investors.

I received mine today.
Comes in sealed envelope wrapped in larger envelope,  tamper proof code wrapping is also intact. Card is valid until 07/17

Havent tried using it yet, but Im sure it works the same as all the other polish prepaid visa cards Ive used previously, and with the same limitations. Dont use these cards to withdraw money from bitcoin exchanges, they will get blocked.

Anyway, +1 trust for OP.

Sounds like many of you are incorrectly assuming that Jason began scamming you only last week; in reality he began scamming everyone in January, the moment he collected coins for hashrate he didnt own and would never own. Its only last week that he gave up pretending.

OK tried it today. Sold a little less than 1 BTC. Here is what I found;

The good news is that it works, and that by itself is pretty awesome. The exchange rate/ margin is doable for occasional use. The location where the atm is hosted  is brilliant, didnt know it, but its lovely internet/cafe/bistro/not sure what you have there, although one does look out of place without a laptop.

The not so good news;
First its a bit more cumbersome than I expected and than needed. First you register with your phone, confirm with an SMS code that arrives almost instantly. Fair enough, one comment perhaps is you might want to mention the phonenumber needs to be entered in international format. Selling itself is easy enough with QR code. After you sent your bitcoins, you have to wait for I believe 2 confirmations. Thats entirely reasonable, so far so good.

Once the 2 confirmations have arrived, you receive an SMS with a code and a msg that you can collect the cash. To use the code, you have to log in again with your phonenumber,  which is then validated again by yet another code via  SMS, you have to enter the code, then enter the code of the earlier sms to collect. That shouldnt be necessary. Just entering the code on the confirmation sms should be enough IMO.

Secondly, the atm was nearly out of cash. I hope thats not going to happen too frequently. This might partially explain my last problem; when I collected the cash, the atm spits out one note at the time, and does so reaaaly slowly. I looked like an idiot picking up a 5 euro note, waiting, a 10 euro note, waiting, another 5 euro note, waiting, over and over again with  only a few 20 euro notes and no 50 (let alone 100 euro). It took forever!

For tiny amounts, who cares, but I pity the guy that collects 500 euro there!

WTF = Want to ;. ?

If Im going to be wrong, Id rather be wrong warning against a ponzi that isnt one, than endorsing a scam.
Until the criteria listed in my thread are met, the score is going to remain what it is.

In order to accurately rate genesis-mining for the 101 list in my signature, Id like some answers to a few questions. If anyone could help answer these, mostly for SHA:

- there a public mining address, and/or can customers direct their hashrate to their own pool?
- Has any asic vendor endorsed genesis mining and confirmed they are a substantial customer of theirs?
- Have pictures or video's been published of their datacenter ?
- Is there a way to compare sold hashrate vs (provably deployed) hashrate to ensure there is no fractional reserve mining going on?
- Are there referral programs, and if so, whats their yield?

Thx

(edit duh, just realized I posted this in alt coin section. Oh well)

Thats a bit rich really. Aside from the actual security regulation violations that are almost certainly being committed by havelock & co, most if not all the issuers on such sites, and every other issuer that creates a secondary market; how  could I possibly 'pump and dump' when first of all, I have never recommended buying any bitcoin security ever, and secondly, I dont have a thing to 'dump'.


Yeah because we all know scambusting is an official and heavily regulated profession 

I will say I fully agree with you on canary's trust issue.

How does that make them legit? They claim to buy the hardware and operate multiple datacenters.  Are you saying they are just renting hashrate elsewhere?
Besides, I think people will want to make their own judgement on who is a respectable provider. You might call GAWminer respectable, many would disagree. If nexus dont disclose who they buy their hashrate from, what their deal is (like contract duration etc..), this is meaningless. I could rent 10PH on nicehash for a while and resell perpetual contracts based on that. Would you call me legit ?

I dont remember, and wonder if I messed up. I removed them from the list while Im reviewing this, thx for pointing out!

edit: Marco reminded me where I saw it, its on their homepage, testimonials from spondoolies en zeus.
Granted, they could easily be faked, so I asked for a confirmation from the other party, but I would expect we'd have heard from Guy by now if that was faked.

Other points are being discussed.

THought Id post this here:



https://bitcointalk.org/index.php?topic=835239.msg9605837#msg9605837l

A few weeks later all he does is promote terabox scam and leave negative trust to scambusters.

One of them (rightfully) expresses distrust in a few glaringly obvious ponzi scams that refuse to make promised disclosures. That person has been contributing to this forum since 2011
The other promotes scams like terabox, posts mostly silly gifs and offered to sell his account

Take your pick, but my guess is der_troll account was sold and is now being abused to push scams.

Too bad its not showing the correct signature, or this would be my first nomination for "least worst post of the month" award. Cant remember last time I read something more hilarious.

If its Jason himself, he could send himself some coins. Either way, newbie that registered today,  opening with "THIS ARE THE REAL QUESTIONS HERE: WHY THIS TROLLS ARE ATTACKING A BUSINESS THAT HAS DONE US NO WRONG." (referring to pbmining) then claims to have received a full refund..
yeah, Im sure all pb customers can  sleep well tonight  

Masters Cub cloudy mining contracts are flexible enough to accommodate either. Just count your own clicks before applying the reinvestment

10TH != 10BTC
10TH at amhash/Hashnest/favorite non-ponzi  might be worth more than 10BTC,  10TH at Lunaminer or pbmining would not.

Read OP carefully and make up your own mind what you think a "Masters Cub" cloudy mining contract is worth.

I agree its likely even early investors in these will no longer break even, and that may have some impact. Compare it  to all these 'bitcoin arbitrage investment' ponzi's that no longer seem to be making headways these day. Then again I thought the same after Pirate, and mining ponzi's are far superior in concept, its really Ponzi 2.0: no bankruns, apparent short term profit yet plausibly long term investor loss. Its perfect. So I think it will be a while before that stops.