whats wrong with cointellect.com??

[sirslayer]

cointellect.com

just made a bad move and it prevent from me cash to out  and everyone who is involved   the new rule is to state to make a contract and solo mining is no longer supported , when i wanted to get a contract it was sold out...  and the  option to cash out is now a error!!!  and this was on theirs new section

 A'hoy Miners,
 
We want to begin this announcement with a formal apology for the recent lack of communication. As you can imagine, Bitcoin’s volatile downtrend has put us in a difficult situation and we have been hard at work resolving payout concerns. To help us remain on track, we have decided to roll out support for the mining of additional cryptocurrencies - namely the ASIC resistant coins. Similar to a multi-pool, this will enable us to target the most profitable coins and maximize revenue for all parties.
 
In anticipation of this change, we will slowly begin to restructure our platform and phase out obsolete contracts. A combination of rising network difficulty and competition are beginning to render many of our introductory contracts futile. While those with recent purchases will continue to receive earnings, the Demo, Starter, and Pilot contracts will eventually be phased out and replaced with variable contracts.
 
Following our next platform update, earnings from existing contract plans will be revamped to more accurately reflect Bitcoin’s current price. Furthermore, solo-mined earnings will be restricted for use only with contract purchases.
 
We do want to emphasize that our team understands the frustration and inconveniences these recent changes may pose. Cryptocurrency mining is an unpredictable business with many risks. We do ask our users to remain aware of these risks and approach the industry with reason. As a mining service provider, we are caught in the midst of the recent economic turbulence and have little recourse outside of our recent platform changes. Despite the inconveniences, we are confident our plan of action moving forward is greatly preferable than those of our competitors.
 
We thank you for your continued understanding during these difficult times.
 
Sincerely,
CoIntellect Staff



ive been enjoying my earnings from cointellect tell this happened!!! 

[cakir]

wrong section for a ponzi site.

who invested in this shit is an idiot...

[sirslayer]

well any crypto coin pool can be called a ponzi site because its all involved some type of risks.. i just wanted to spread the word to fellow miners and post it here was more effective to warn other miners..     

[Itsumo]

cointellect.com

just made a bad move and it prevent from me cash to out  and everyone who is involved   the new rule is to state to make a contract and solo mining is no longer supported , when i wanted to get a contract it was sold out...  and the  option to cash out is now a error!!!  and this was on theirs new section

 A'hoy Miners,
 
We want to begin this announcement with a formal apology for the recent lack of communication. As you can imagine, Bitcoin’s volatile downtrend has put us in a difficult situation and we have been hard at work resolving payout concerns. To help us remain on track, we have decided to roll out support for the mining of additional cryptocurrencies - namely the ASIC resistant coins. Similar to a multi-pool, this will enable us to target the most profitable coins and maximize revenue for all parties.
 
In anticipation of this change, we will slowly begin to restructure our platform and phase out obsolete contracts. A combination of rising network difficulty and competition are beginning to render many of our introductory contracts futile. While those with recent purchases will continue to receive earnings, the Demo, Starter, and Pilot contracts will eventually be phased out and replaced with variable contracts.
 
Following our next platform update, earnings from existing contract plans will be revamped to more accurately reflect Bitcoin’s current price. Furthermore, solo-mined earnings will be restricted for use only with contract purchases.
 
We do want to emphasize that our team understands the frustration and inconveniences these recent changes may pose. Cryptocurrency mining is an unpredictable business with many risks. We do ask our users to remain aware of these risks and approach the industry with reason. As a mining service provider, we are caught in the midst of the recent economic turbulence and have little recourse outside of our recent platform changes. Despite the inconveniences, we are confident our plan of action moving forward is greatly preferable than those of our competitors.
 
We thank you for your continued understanding during these difficult times.
 
Sincerely,
CoIntellect Staff



ive been enjoying my earnings from cointellect tell this happened!!! 

Read:
http://bitforum.info/t/cointellect-halts-payment-withdrwal-users-on-alert-mode/244?u=angelo

[b!z]

It's a ponzi - that's what's wrong.

[pedrog]

Game's over for this one.

[sirslayer]

According to the latest reports coming from social media platforms, it has been said that the payment withdrawal process of Cointellect has already stopped, making it 100% Ponzi scheme.



so its only a Ponzi scheme when payouts are stopped?? so if this never happened then it wouldn't be a Ponzi scheme..  Even though i felt burned, a business that didnt work out was that, to explore and find markets that didn't exists before can be challenging.  to blame it on a Ponzi scheme is like saying Butterfly labs or any hardware based miner to belly up or closed it doors would be easy to blame it as a Ponzi scheme because its involved with money.. It would be hard to blame it as a Ponzi scheme if a new concept was introduced and it didn't work out..  Coindoubler is a Ponzi scheme bur for cointellect being a Ponzi scheme??  I have to see and wait..   anyway when you first heard of bitcoin do you think it was all good and not a scam..     

[krigger]

Its a game of "make money for myself only".
Mostly used novadays.
Spotted too late by many.

[sirslayer]

the "game" is money it self....    and we all need it like the food and water thats required for our survival but yet we pay it in money to acquire it.   we all can dig a hole a create a well, we can farm and have food but money made easy to obtain the necessity for life.  i would not blame the new concepts of earning money but blame the need of money that would cause the scams in the first place   

[ForexTE]

Simple. It ran out of its intellect and believers. Wait for CoinBrain or CoinBrawn to spring up. Think losing before believing.

[sirslayer]

I get it...   you guys could be right...  thinking that I havent lost a penny or a bit and being frustrated over blocked payout (which probably was never there) made me discovered that was the greed of money made me blind to the outcome from other miners... I have to assume that their is other miners had a real misfortune lost from cointellect .. I get it... thanks for your input about this situation with cointellect and me...

[Surger]

what' wrong? : Notting..
İt's a ponzi
it'a populer ponzi, and because of this ,it can live a few mouths..
but all ponzi will be scam in one day..
today, that day..

[avw1982]

What is wrong? What isn't wrong with them? One big ponzi site. It runs now for a while but the end is near.

[WEBcreator]

According to the latest reports coming from social media platforms, it has been said that the payment withdrawal process of Cointellect has already stopped, making it 100% Ponzi scheme.



so its only a Ponzi scheme when payouts are stopped?? so if this never happened then it wouldn't be a Ponzi scheme..  Even though i felt burned, a business that didnt work out was that, to explore and find markets that didn't exists before can be challenging.  to blame it on a Ponzi scheme is like saying Butterfly labs or any hardware based miner to belly up or closed it doors would be easy to blame it as a Ponzi scheme because its involved with money.. It would be hard to blame it as a Ponzi scheme if a new concept was introduced and it didn't work out..  Coindoubler is a Ponzi scheme bur for cointellect being a Ponzi scheme??  I have to see and wait..   anyway when you first heard of bitcoin do you think it was all good and not a scam..     

i got my gut up since day 1 this thing of cointellect thingie i heard off, obviously a scam from the beginning, its ponzi is dying and sooner or later the website will be gone, brace yourself !

[Stcgold]

Game over for solo miner without contract
earning cannot withdraw, only can use to buy contract

[Convicted2008]

They are a fucking scam plain and simple.

[minifrij]

I knew this shit was fishy when I first saw it.