Lightningasic.com Zcash Cloud Mining Scam - BEWARE!

[klintay]

I purchased a cloud mining contract from lightning asic, here are the details;

Contract:3 Months
Details:0.025BTC/H/s,150H/S.
Total:3.75BTC.

The mining was suppose to start on 28th October and receive payments daily. This has not been the case.

The payments are nothing close to what 150 h/s should deliver, at current difficulty we should be receiving 0.025-0.027 zec a day. Not to mention all the zec they owe me for the others days that there was no payment. Ten times less than what I have received from other cloud mining companies for just 50 h/s.

At this moment I suspect that they do not actually have any GPU miners pointing at the zcash network. It appears they are waiting for the zcash price to completely crash and then they will pay what they "owe" by buying zcash cheaply on the exchanges themselves. This is textbook ponzi behaviour and I would strongly suggest anybody who is thinking about purchasing from lightningasic to reconsider.

[quit_gambling_for_good]

oh my god, you got scam 3.75 BTC for it? Most cloud mining are scam and ponzi, you should not invest so much in cloud mining.

[bitpop]

They're probably full ponzi

[klintay]

They're probably full ponzi

yep these are the signs of a ponzi about to implode...random payments that do not match any real underlining hardware to back it up, a string of excuses for late payment (software is not configured, system unstable, boss is away, etc). I wonder what the next excuse will be...

[Harry Callahan]

They're probably full ponzi

yep these are the signs of a ponzi about to implode...random payments that do not match any real underlining hardware to back it up, a string of excuses for late payment (software is not configured, system unstable, boss is away, etc). I wonder what the next excuse will be...

really sad to hear that you got scammed by a ponzi mining site, you are an experienced member and you fell for the trap,since you mentioned you already have a mining farm you could have purchased additional hardware to mine with 3 btc

[klintay]

They're probably full ponzi

yep these are the signs of a ponzi about to implode...random payments that do not match any real underlining hardware to back it up, a string of excuses for late payment (software is not configured, system unstable, boss is away, etc). I wonder what the next excuse will be...

really sad to hear that you got scammed by a ponzi mining site, you are an experienced member and you fell for the trap,since you mentioned you already have a mining farm you could have purchased additional hardware to mine with 3 btc

yes i must admit bad form on my part....i did use the company as it was referred by my friend...

[Dabs]

You're a bad bad bird! I'm sorry, I have killer instincts. - Secret Life of Pets

I've never liked cloud miners.

[dogie]

The domain seems to have the same owners.

[Romanko]

Really sad to hear about this!
These scammers spread around the crypto currency world like a virus.
Zcash is a young coin and they adopt their schemes really fast to scam people with it.
Even such experienced person like you are.
Are there any news of returning invested coins?

I purchased a cloud mining contract from lightning asic, here are the details;

Contract:3 Months
Details:0.025BTC/H/s,150H/S.
Total:3.75BTC.

Here are the screenshots confirming the order (via anna@lightningasic.com) and the payment tx-id:




Payment sent:
https://blockchain.info/tx/17b27f16fd2462014815a49052b18e66f5ddec2fb757b396f66f58aecf8ee3fa

The mining was suppose to start on 28th October and receive payments daily. This is how much I have received from them since:

Friday 4th November - Payment 1: 0.005 zect
Monday 7th November Payment 2: 0.012 zec
Total received: 0.017 zec

Zcash payment address:
https://explorer.zcha.in/accounts/t1ZBbHvcUFu8idCgYdtJNGf6EsDWzUKCrGE

The other payments on that address are from my own mining rigs, as confirmed by the wechat excerpts (see screenshot below) with Anna.

This is nothing close to what 150 h/s should deliver, at current difficulty we should be receiving 0.025-0.027 zec a day. Not to mention all the zec they owe me for the others days that there was no payment. Ten times less than what I have received from other cloud mining companies for just 50 h/s.

At this moment I suspect that they do not actually have any GPU miners pointing at the zcash network. It appears they are waiting for the zcash price to completely crash and then they will pay what they "owe" by buying zcash cheaply on the exchanges themselves. This is textbook ponzi behaviour and I would strongly suggest anybody who is thinking about purchasing from lightningasic to reconsider.

Here are some interesting screenshots from the on-going conversation with these guys...

[Gleb Gamow]

@OP

Hey, since you were so hell bent on giving a known scam outfit your moneys and lost, try Hashing24 to get your moneys back, for they're offering a 405% return. See my thread in this section, then follow the link to their site and sign up. What's the worst that could happen? Loose a few more bucks? Hey, it's only money. Besides, Ivan comes across as a nice guy just like Paul Vernon and Sonny Vleisides and Leroy Fodor and Marshall Long and Craig Steven Wright and John Fitzpatrick and Chantha Owen Lueung and Joshua Garza and Josh Zerlan and Joshua Zipkin and ... shit, I'm almost outta ink.

[Hashing24.com]

ear Gleb Gamov, thank you for passionate investigation.
You are trying too hard and in fact all your comments have no sense.
You find some irrelevant information on the wew and trying to turn it around.
But in reality it has nothing to do with the services we provide.

In fact why would anyone listen to you if your reputation is in question?
https://bitcointalk4.com/reputation/gleb-gamow-and-his-inappropriate-hypocritical-and-illegal-attacks/
https://bitcointalk.org/index.php?topic=1012713.0

So i repeat all our contracts are real and anyone can request Bitfury this information, they will confirm. Also when your ordering withdrawal of your newly mined bitcoins you will receive email with transaction details at https://blockchain.info/. There you can check origin of your bitcoins. You will see that it is "Newly Generated Coins" from BitFury.  

We are not scam and never will be.
You can try to put out any information, but its all just talking and your  imagination.

[klintay]

Just an update on this...they are paying out but the amount is not anywhere near what it should be...

[sloopy]

In my opinion any form of cloud mining is like not having the private keys for your coin.
You should always have the hardware or if you must have it hosted you better host it with someone who has much more to lose than your hardware.
Same with the keys, run a cold client and stay safe.

Good luck to you guys who have lost money.

That seems to be the only good time to use a credit card in crypto world, when paying for cloud mining.

Chargeback!