about cloudmining.website

[GermanGiant]

Hedgy is providing freshly mined coins on behalf of Megabigpower, one of the few legit/trustworthy companies in the world of bitcoin mining. They had a bitcoin IPO for a 100TH/s farm and were one of the only bitcoin securities that managed to pay back IPO investors more than the IPO price per share.

They started with 100 TH/s and are now at 100 times that (10 PH/s).

Why would anyone believe that CMW is selling freshly mined coins for a premium when this trustworthy company (MBP) is selling them for a discount?

I'm not interested in this cloud mining controversy, but interested in the freshly mined coins at discounted price. So just trying to understand Hedgy's business. Say, they are giving 1% discount. So, if I send them 1 BTC used coin, they'll give me 1.01 BTC fresh coin ? I mean, how come ? How do they do business ?

Do you seriously think Jimmy has any intention to give you any proper explanation ? He is paid to troll CMW threads. That is what he is doing. Just ignore him.

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[jimmothy]

Hedgy is providing freshly mined coins on behalf of Megabigpower, one of the few legit/trustworthy companies in the world of bitcoin mining. They had a bitcoin IPO for a 100TH/s farm and were one of the only bitcoin securities that managed to pay back IPO investors more than the IPO price per share.

They started with 100 TH/s and are now at 100 times that (10 PH/s).

Why would anyone believe that CMW is selling freshly mined coins for a premium when this trustworthy company (MBP) is selling them for a discount?

I'm not interested in this cloud mining controversy, but interested in the freshly mined coins at discounted price. So just trying to understand Hedgy's business. Say, they are giving 1% discount. So, if I send them 1 BTC used coin, they'll give me 1.01 BTC fresh coin ? I mean, how come ? How do they do business ?

That's not how it works. You pay USD for BTC. They can give a discount because it let's them avoid selling on the exchanges which would crash the price.

[TheGeorge]

Hedgy is providing freshly mined coins on behalf of Megabigpower, one of the few legit/trustworthy companies in the world of bitcoin mining. They had a bitcoin IPO for a 100TH/s farm and were one of the only bitcoin securities that managed to pay back IPO investors more than the IPO price per share.

They started with 100 TH/s and are now at 100 times that (10 PH/s).

Why would anyone believe that CMW is selling freshly mined coins for a premium when this trustworthy company (MBP) is selling them for a discount?

I'm not interested in this cloud mining controversy, but interested in the freshly mined coins at discounted price. So just trying to understand Hedgy's business. Say, they are giving 1% discount. So, if I send them 1 BTC used coin, they'll give me 1.01 BTC fresh coin ? I mean, how come ? How do they do business ?

That's not how it works. You pay USD for BTC. They can give a discount because it let's them avoid selling on the exchanges which would crash the price.

I see... that's interesting. But, does not it require them to have an MSB or some sort of exchange license to do this ?

[lottery248]

do not ever touch that service.
i got scammed from cloud mining ponzi for 2 times, none of the payout at the first time!
this is just ponzi, they decreased the price to attract people to buy until they gained enough.

that IPO is open-ended.

[ajrah]

people think if site is paying and been around for a few months means they are legit... those 2 are just a few to consider before trusting them with your bitcoins. theres more to ask to prove their legitimacy

[RussianRaibow]

Hedgy is providing freshly mined coins on behalf of Megabigpower, one of the few legit/trustworthy companies in the world of bitcoin mining. They had a bitcoin IPO for a 100TH/s farm and were one of the only bitcoin securities that managed to pay back IPO investors more than the IPO price per share.

They started with 100 TH/s and are now at 100 times that (10 PH/s).

Why would anyone believe that CMW is selling freshly mined coins for a premium when this trustworthy company (MBP) is selling them for a discount?

I'm not interested in this cloud mining controversy, but interested in the freshly mined coins at discounted price. So just trying to understand Hedgy's business. Say, they are giving 1% discount. So, if I send them 1 BTC used coin, they'll give me 1.01 BTC fresh coin ? I mean, how come ? How do they do business ?

That's not how it works. You pay USD for BTC. They can give a discount because it let's them avoid selling on the exchanges which would crash the price.

I see... that's interesting. But, does not it require them to have an MSB or some sort of exchange license to do this ?

Depends on where they are located at. If they are located in a country, where bitcoin is not frowned upon, then those are not required.

[dothebeats]

people think if site is paying and been around for a few months means they are legit... those 2 are just a few to consider before trusting them with your bitcoins. theres more to ask to prove their legitimacy

Take for example PBMining, they are around for a year until they execute their scam. I agree that most of the cloudmining services that pop in the web are ponzi schemes and don't have the equipment to do hashing, but we don't need to do an all-out campaign against such a service when we could easily distinguish a scam from what is not. To see whether a cloudmining service is there to stay and not just some other ponzi scheme, take a calculator. Check on how your earnings are made and calculate the actual money you can make if you own the hardware. Less all those service/electricity or whatever fee was in there in that cloud mining service and you could actually see if they are honest on what they advertise or not.

There are still legit cloudmining sites out there (afaik, there are only 2) which you can use to try and make money. Not all of them are scam, but most are.

[RussianRaibow]

There are still legit cloudmining sites out there (afaik, there are only 2) which you can use to try and make money. Not all of them are scam, but most are.

Which are the two that you are talking about ?

[Warren Buffet]

There are still legit cloudmining sites out there (afaik, there are only 2) which you can use to try and make money. Not all of them are scam, but most are.

Which are the two that you are talking about ?

There are none. Not a single cloud mining will tell you their sold hash power and mining address. Having some miner or hash power does not prove anything. All of them are involved in partial reserve mining. The day they'll stop making profit out of your investment, the day they'll close the door.

[elrippo]

Missing the payout since yesterday, anyone else too 

[HSBC]

Missing the payout since yesterday, anyone else too 

I got my delayed payment...

https://blockchain.info/tx/830fec49806e5e5694d9139442a30915c1ef60a92d9ce026ff6914ccff538d2f

[elrippo]

Missing the payout since yesterday, anyone else too 

I got my delayed payment...

https://blockchain.info/tx/830fec49806e5e5694d9139442a30915c1ef60a92d9ce026ff6914ccff538d2f

Jope, me too