Great news however to be competitive with havelock you NEED to lower the market sell fees. Sure withdrawals and some features are better on hashie.co however the fee difference (0.4%) to 9% + about $1.1 is ridiculous.
I agree the Sell fees are way too high on Hashie but i think they do this to prevent people from selling and encourage holding. One of the reasons is to prevent abuse of the free miner promo, we won't reveal more details. You "free" miner promo is created to be abused. If you don't fix this, you will end up losing all our money. Free miner should be given for a limited time, for example such that it generates enough btc to pay for 10-20% of minimal payed miner cost. Withdrawal restrictions should also be applied for a limited time to payed miner owners. Long term clients have to be able to sell their last miner on market, collect btc and quit. Until these issues are fixed, I am not going to invest into your company any satoshi. |
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I suggest a #8, do they send payouts to the address of your choice : for example ltc gear does, but gaw/zen and zoomhash (dunno about others) don't, so you don't really have your money until you withdraw if you can.
This is what I hate about hashie and havelock the most. They don't have automatic payouts to the address of your choice, but even worse, their withdrawal fee is ridiculous. |
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i signed up and got 10GH/s free. if it ever accrues 1BTC i'll buy the 20GH/s required for cash-out  i won't hold my breath! LOL. Some freebee. Ill give you a PH if you want, I just wont let you cash out  . They do allow you cash out if you buy 20Ghs. You still have your free 10Ghs when you buy. It would be ridiculous if they payed you just for signing up. |
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Because I can count numbers. If you pay out .9 bitcoins per day, you will be broke on a second day. You need to keep selling an increasing number of cloud mining units every day to make profit. This is not easy.
That payout is 0.9 BTC in total, not per day. In other words, you give the ponzi operator 1 BTC and they give you back 0.9 BTC. This is possible, but this is not how ponzi works. Ponzi lets some people to make profit to attract many more future loosers. This is how they make profit which outweighs the risk to be prosecuted. As for cloud mining, I don't believe they are running a pure ponzi. I think, some of them run fractional reserve mining and some speculate with hash power. |
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CEO of RT
She's a pretty woman. I think editor-in-chief would be the correct term here. En passant, I wish RT would be less biased medium.  They are biased no more than any English language media resource. They are making news about events which are either completely ignored or represented tendentiously by other media. I enjoy their reports. |
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It's great to see bitcoin ATM also in Russia! Recently, we just got first bitcoin ATM also in my country, Croatia. It's great to see that this list is growing every day Way to go! HAAAHAA!!! Florida is pretty far from Russia. And trading cripto currencies is prohibited in Russia. |
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Суточный объем по данным coinmarketcap:
1. Bitcoin - 25,8 млн $
2. Litecoin - 3,36 млн $
3. Ripple - 0,39 млн $
Рипла по популярности даже рядом не стоит с лайтом. Нашли что с чем сравнивать)
Суточный объём риппл указан правильно только на ripplecharts.com |
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Лайткоин был скинут на третье место "Ripple" - общедоступная платежная система ,базирующаяся на одноранговой сети. Которая не просто обогнала лайткоин, но и вырвалась вперёд по капитализации на 20$ миллионов. Так называемая "капитализация" ripple - понятие, не имеющее смысла. Ripple - это протокол для обмена разными активами. Каким образом мы меряем "капитализацию"? Спроси у https://coinmarketcap.com/. Наверно меряют стандартно? Количество монет умножают на цену. Ripple - это не криптомонета. Внутри него много разных монет присутсвуют. Coinmarketcap наверняка цену XRP даёт. XRP - не ripple. |
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Seriously, go and read either of those links.
Ok, I'll certainly follow your advise. A cloud mining operation that does no mining yet claims it does and pays out from money acquired from new purchases is quite clearly a ponzi scheme.
If it does no mining at all, no renting, no re-saleing, yes it is clearly a ponzi scheme. It is hard to believe for me that this is possible for more than couple of month. Yet, I was surprised many times in my life with "impossible" things. Thanks for info, very interesting. Why don't you believe it's possible. If you give me 1 bitcoin for a cloud miner that will only generate .9 bitcoins I can "sell" you cloud mining forever while sitting in my pajamas and eating pizza. Because I can count numbers. If you pay out .9 bitcoins per day, you will be broke on a second day. You need to keep selling an increasing number of cloud mining units every day to make profit. This is not easy. |
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Лайткоин был скинут на третье место "Ripple" - общедоступная платежная система ,базирующаяся на одноранговой сети. Которая не просто обогнала лайткоин, но и вырвалась вперёд по капитализации на 20$ миллионов. Так называемая "капитализация" ripple - понятие, не имеющее смысла. Ripple - это протокол для обмена разными активами. Каким образом мы меряем "капитализацию"? |
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But cloud mining customers are not stock holders, they are customers. There is a big difference. Stock holders get dividends because they are the company and all the profits belong to them.
They all claim that you buy a share in mining farm, so they want their customers to believe that they are stock holders. This may be true, may be not, just like in other businesses. |
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What are the benefits of cloud mining?
Benefits for cloud mining companies is that they are selling you their risk. Benefit for you is that you can risk a small amount. You can buy a fraction of ASIC for 0.001 btc and test how it goes |
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What I don't like to see is new users arriving on these forums looking to get involved with cryptocurrency only to have a bad experience and then end up thinking the cryptocurrency world is full of scammers and cheaters. This is true. Cryptocurrency world is full of scammers and cheaters. |
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After all, why would a company go through the trouble of setting up something that would generate passive profit and offer to give you some of that profit. No company performs a service like that in the real world - only charities do. This is not true. Millions of companies issue stocks and give some of their profit to stock holders. |
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Seriously, go and read either of those links.
Ok, I'll certainly follow your advise. A cloud mining operation that does no mining yet claims it does and pays out from money acquired from new purchases is quite clearly a ponzi scheme.
If it does no mining at all, no renting, no re-saleing, yes it is clearly a ponzi scheme. It is hard to believe for me that this is possible for more than couple of month. Yet, I was surprised many times in my life with "impossible" things. Thanks for info, very interesting. |
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The absolutely most profitable ponzi scheme is when you have some cheap BTC - probably stolen - and sell them as "cloud mining" - that's also called money laundering. But other than with ordinary money laundering where you have to give away a certain percentage to the launderer, you make money with those ponzis...
Guys, stop calling every scam a ponzi. Ponzi pyramid and money laundering are completely different crimes. It is like a murder vs tax avoidance. Both are crimes (edit: in many jurisdictions), but consequences are completely different. And, by the way, thanks for information. I don't want to be involved into money laundering, and will be more careful when invest in cloud mining next time. |
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The point of me posting those links was simply to show that you can have "cloud mining" without any miners at all. Those services have 2 components, MINE and SELL and SELL has always been vastly more profitable (B.MINE=69.86% vs B.SELL=563.49% yield on Havelock) due to the size of the difficulty increases. Now, imagine running a service like that and keeping the SELL component for yourself and only allowing people to purchase the MINE component. That is essentially how you run a cloud mining ponzi.
Cloud mining ponzis like that will collapse once the difficulty increases drop below a certain threshold. With the recent low difficulty increases, some of the ponzi schemes may not have paid out as much as expected due to the above.
It is not a ponzi. They speculate with hash power. I did it too at hashie.co with profit, and this is the only reason my investment there is going to be returned. It is gambling, not ponzi. And it can not be done without actual mining. |
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Aaand your wrong. These are just some of the pictures. Gaw have been renting this building ever since they started to sell miners and used it as a warehouse to store the hardware. http://www.datacenterknowledge.com/wp-content/uploads/2014/09/GAW-hashing-center.jpgThey also included the pictures of the AC units and transformers that power the building, not to mention its location on the map, so people can actually visit and ask who the owner is. Well, I may be wrong. Can't check it myself. |
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Come on, there is nothing proving that these picture are made at a property of XYZ company. This does not mean that XYZ are scammers. You buy a pig in a poke with every cloud mining company. |
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tl;dr What is a point there? |
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