Mining Sweden Shutting down Cloud Mining.

[SlyFecker]

Bugger.!

Tommy @ MS 'we haven’t build any profit in the company and we have also burnt out both the miners and capital for running the farm further. So what I´m saying is that you have been given the profit for your VIP shares during the last year'

Double Bugger.!

Tommy @ MS 'How we will pay for the payouts? We will sell out miners to cover some of the costs and I also have some other interesting ideas within crypto how we can generate the payouts to you guys and I promise you that we will deliver the payouts to you even if it takes some time'

[elDano]

It don't surprises me. Cloud mining never was profitable nor will be. Any party big or small eventually will have to discontinue it.
Question is though, will they pay back their investors?

[Hausi]

yep, i opened a paypal case to refund today.
payed for 12 months got 2-3 months.

[biggbox]

I think Badbitcoin.org gotta amend its support for Mining Sweden..

[biggbox]

yep, i opened a paypal case to refund today.
payed for 12 months got 2-3 months.

A real life Paypal chargeback case; the context of the case aside,  charge back is what many Bitcoin enthusiast fears. Keep us informed of the outcome.

[amacar2]

Cloud mining always means at some point they will be unable to operate and similar thing happened to this miningsweden. All of the hyips and cloud mining sites will shut down if they fail to attract new investors daily. Cloud mining and hyips are only for short term profit don't think of getting profit for long term out of them.

[BitcoinSupremo]

This is a so called big cloud mining (ponzi) compared to others, so I am saying -1 out of the way, and am wondering who is next to fall, I would love Hashocean to follow and all other pyramids schemes alike, Bitcoin world would be much better without these scammers.

[Hausi]

This is a so called big cloud mining (ponzi) compared to others, so I am saying -1 out of the way, and am wondering who is next to fall, I would love Hashocean to follow and all other pyramids schemes alike, Bitcoin world would be much better without these scammers.

wouldnt call it big compared to others. 7739 active accounts when he closed the shop.
but some of the users lost a lot

when hashocean falls this year(month), then there are way more users scammed

[BitcoinSupremo]

This is a so called big cloud mining (ponzi) compared to others, so I am saying -1 out of the way, and am wondering who is next to fall, I would love Hashocean to follow and all other pyramids schemes alike, Bitcoin world would be much better without these scammers.

wouldnt call it big compared to others. 7739 active accounts when he closed the shop.
but some of the users lost a lot

when hashocean falls this year(month), then there are way more users scammed

I hope many users of Hashocean and the alikes see this thread and start reasoning, to not invest in this kind of ponzies, as one beautiful day like this, Hashocean and alikes can be next, and I fully agree there will be some big big crying when hashocean collapses, it has the most number of users a ponzi can have. Still I wish you to recover through Paypal and its good that you have learned your lesson to not invest anymore in these pyramid schemes.

[nethack]

This is a so called big cloud mining (ponzi) compared to others, so I am saying -1 out of the way, and am wondering who is next to fall, I would love Hashocean to follow and all other pyramids schemes alike, Bitcoin world would be much better without these scammers.

wouldnt call it big compared to others. 7739 active accounts when he closed the shop.
but some of the users lost a lot

when hashocean falls this year(month), then there are way more users scammed

I hope many users of Hashocean and the alikes see this thread and start reasoning, to not invest in this kind of ponzies, as one beautiful day like this, Hashocean and alikes can be next, and I fully agree there will be some big big crying when hashocean collapses, it has the most number of users a ponzi can have. Still I wish you to recover through Paypal and its good that you have learned your lesson to not invest anymore in these pyramid schemes.

why youall haters hate hashocean so fucking much?they still paying,nobody fuckin lose..even some of them have made they fuckin roi?even me!so what the fuck youall concern about??   but yes dont invest with them now,cuz is a bit too late i think lol 

[electronicash]

It don't surprises me. Cloud mining never was profitable nor will be. Any party big or small eventually will have to discontinue it.
Question is though, will they pay back their investors?

all they can do is jut wait. it may take days, week or maybe even forever. the last part is probably it. so don't expect.

why youall haters hate hashocean so fucking much?they still paying,nobody fuckin lose..even some of them have made they fuckin roi?even me!so what the fuck youall concern about??  but yes dont invest with them now,cuz is a bit too late i think lol 

It won't be long. once they get enough amount, they might not even say goodbye to you.

[panjul07]

This is a so called big cloud mining (ponzi) compared to others, so I am saying -1 out of the way, and am wondering who is next to fall, I would love Hashocean to follow and all other pyramids schemes alike, Bitcoin world would be much better without these scammers.

wouldnt call it big compared to others. 7739 active accounts when he closed the shop.
but some of the users lost a lot

when hashocean falls this year(month), then there are way more users scammed

I hope many users of Hashocean and the alikes see this thread and start reasoning, to not invest in this kind of ponzies, as one beautiful day like this, Hashocean and alikes can be next, and I fully agree there will be some big big crying when hashocean collapses, it has the most number of users a ponzi can have. Still I wish you to recover through Paypal and its good that you have learned your lesson to not invest anymore in these pyramid schemes.

why youall haters hate hashocean so fucking much?they still paying,nobody fuckin lose..even some of them have made they fuckin roi?even me!so what the fuck youall concern about??   but yes dont invest with them now,cuz is a bit too late i think lol 

Because they are just the same ponzi site which will collapse anytime. I know it is still paying till this day, but it is not a guarantee that they will always pay.
Most member here just wanna advise others not to trust this kind of ponzi site, that's all.

[4theLOVEofCrypto]

yep, i opened a paypal case to refund today.
payed for 12 months got 2-3 months.

I did the same, and I know another guy that did as well.  If enough people do this, Paypal will see it was a scam and refund us.  I only used paypal for 1 transaction.  BTC for the rest.  I lost 6 BTC in total.  Sucks, but such is crypto.

[crazyivan]

Unfortunately, Paypal ll do nothing. They have a long history not assisting Bitcoin related investments cause they see it as a direct competition. Really sorry for your loss.

[sbtctalk]

Unfortunately, Paypal ll do nothing. They have a long history not assisting Bitcoin related investments cause they see it as a direct competition. Really sorry for your loss.

You are right. Paypal ruled against me for my chargeback against MS.

Paypal replied bitcoin coin related transactions are not egligible for buyer protection.

[4theLOVEofCrypto]

Unfortunately, Paypal ll do nothing. They have a long history not assisting Bitcoin related investments cause they see it as a direct competition. Really sorry for your loss.

You are right. Paypal ruled against me for my chargeback against MS.

Paypal replied bitcoin coin related transactions are not egligible for buyer protection.

Well i got my paypal refund today for the full amount.  And a crypto buddy of mine got his refund yesterday.  So it must be about how you present your case, or enough people have filed complaints.  Who knows but i have my last funds back so my overall loss hurts a bit less.

[tokeweed]

As expected...  Most of these smaller cloud mining farms would eventually have to close shop.  Rising difficulty and the halving will have a big impact on the small miners, while all the all the power will gravitate towards the bigger mining farms.  I guess Satoshi didn't foresee the eventual invention of asic mining. 

What was intended to be supported by all turned out to become a profit machine by the few.

[cluit]

Unfortunately, Paypal ll do nothing. They have a long history not assisting Bitcoin related investments cause they see it as a direct competition. Really sorry for your loss.

You are right. Paypal ruled against me for my chargeback against MS.

Paypal replied bitcoin coin related transactions are not egligible for buyer protection.

Well i got my paypal refund today for the full amount.  And a crypto buddy of mine got his refund yesterday.  So it must be about how you present your case, or enough people have filed complaints.  Who knows but i have my last funds back so my overall loss hurts a bit less.

Well you replied to a post which was nearly 2 weeks ago, which a lot could've happened and within this set of time, paypal might have reconsidered their laws on bitcoin-related issues.

[dquancey]

Seems just like another LTCGear gone wrong.

These guys were sweeping up after LTCGear went offline, few folk got on the band wagon with "Legitimate Cloud Mining" etc, but obviously didn't pan out well for them.

Tbh, figures are seen show they are larger than what I originally thought.

[InvoKing]

What was intended to be supported by all turned out to become a profit machine by the few.

This is how the world is running since it was created 

For the cloud mining I always been afraid from it and warned people to stay away from it, hope the users could recover their money...