How cloud mining ponzis nearly ruined my bitcoin business completely

[daringdiscovered]

Hi, my name is Tyler.

I work for minimum wage in America and am tired as fuk most of the time.

I know what you are thinking, "join the club." Its hard being broke as a joke.

When I first got into bitcoin, I was working on creating a website. I got a 1.5 bitcoin loan or so from bitcoin jam.
My plan was to invest in cloud mining and use the daily profits to advertise.
Facebook charges you $10 for 10 visitors, yet you can get 10 higher quality bitcoin enthusianados for 7¢ worth of bitcoin.
I didn't need to invest all the bitcoin into advertising all at once, so I thought why not do it incrementally?

I was hoping to invest my cloud mining profits at a few bitmil a day and drive traffic to my site to build a following slowly.

I knew cloud mining was risky so I diversified and even did research to make sure each company had a valid POOL.

YET EVERY DAMN CLOUD MINING SITE TURNED OUT TO BE A PONZI! And I lost ALL my coins.

Cointellect - hashie - hashprofit - scrypt.cc - cloudhasher - probably 1 or 2 others.... ALL SCAMS.

I was a newbie and I made a bad decision, yes. But why is there so much anger at me, when ultimately...
those cloud mining sites are at fault and should not exist? Why is there not greater effort to jail thieves like this?
Why is there not a hacker community taking down ponzis before they are allowed to hurt honest people?
Why the hell or HOW the hell are those people happy with themselves doing "business" the way they do???


https://btcjam.com/users/18903 I still owe a little over a bitcoin and I got a new job and will pay it back soon.
That is my promise to this community.

It sucks because I worked for 2 solid weeks of my life
just to pay off thieves instead of focus on my business. I'm just sharing my pain here I guess...

I also just wanted to let everyone know I am a genuine guy and am going to fix the errors I inherited from said THIEVES.

What is being done as retribution to all the ponzis? https://bitcointalk.org/index.php?topic=878387.0

And why am I still receiving hate? https://bitcointalk.org/index.php?topic=1541316

I clearly remember you about your bullshit posts before

https://btcjam.com/users/18903

You've got some over due debts

My work is not bullshit.

Im trying, I really am. God bless. Thanks for your comments and support.

to the Trolls, get a life please. Try to create real value or constructive criticism atleast.
to the Bitcoin humans with soul, much love! Thanks and cheers!

I can`t believe that people still invest in cloud mining companies even do they are known as scams.

The whole idea of cloud mining is really stupid.

I`m sorry about your failure,but success can be achieved only by trial and error.Good luck OP.

I think why people still invest in cloud-mining sites is because they just want a passive income and don't work hard for it even if they already know here are other real ways to earn bitcoin. And i think all of us want that but it is not just the right thing to do. There is no such an easy way to earn bitcoin or real money.

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[Kakmakr]

I feel your pain, and also hate these site with a passion to kill. I have also been a victim of these guys and I would gladly contribute to a pool of money to track these people down <Paying hackers> and to get them convicted in their country of origin.

The thing is, in some of these countries these type of schemes are legal or the authorities see it as a low priority crime or they simply do not have the skills and the resources to track them down.

Good luck with your business and I hope you not going to turn against Bitcoin, because of these scammers and thieves. 

[takingthis4]

I feel your pain, and also hate these site with a passion to kill. I have also been a victim of these guys and I would gladly contribute to a pool of money to track these people down <Paying hackers> and to get them convicted in their country of origin.

The thing is, in some of these countries these type of schemes are legal or the authorities see it as a low priority crime or they simply do not have the skills and the resources to track them down.

Good luck with your business and I hope you not going to turn against Bitcoin, because of these scammers and thieves. 

Well I feel you two man. I got scammed a lot when I was a newbie by cloud mining ponzi's that turns to scam in the end. Im just lucky that I didn't loan anything. Well After being scammed, I learned that bitcoin can be easily earned via many ways not just by them it is not passive but it is easy work  Well I'd like to work a little to obtain some decent amount of bitcoin for free than invest in those ponzi's now and lose money. I also prefer altcoin trading more.

well i read a lot about the people being scammed on their bitcoins over time because they invest into ponzi websites, i wouldnt recommend doing that because it makes you only lose and never win

[RoommateAgreement]

I feel your pain, and also hate these site with a passion to kill. I have also been a victim of these guys and I would gladly contribute to a pool of money to track these people down <Paying hackers> and to get them convicted in their country of origin.

The thing is, in some of these countries these type of schemes are legal or the authorities see it as a low priority crime or they simply do not have the skills and the resources to track them down.

Good luck with your business and I hope you not going to turn against Bitcoin, because of these scammers and thieves. 

Well I feel you two man. I got scammed a lot when I was a newbie by cloud mining ponzi's that turns to scam in the end. Im just lucky that I didn't loan anything. Well After being scammed, I learned that bitcoin can be easily earned via many ways not just by them it is not passive but it is easy work  Well I'd like to work a little to obtain some decent amount of bitcoin for free than invest in those ponzi's now and lose money. I also prefer altcoin trading more.

well i read a lot about the people being scammed on their bitcoins over time because they invest into ponzi websites, i wouldnt recommend doing that because it makes you only lose and never win

sadly cloudmining sites have taken many people's money over the years and it is not going to stop here. the next day there will be a new cloudmining site that is going to be advertised as the best thing until they run away just like the others before them.

[The_Hamburglar]

I knew cloud mining was risky so I diversified and even did research to make sure each company had a valid POOL.

"I knew streetcorner shell games were risky, so i diversified and played a whole bunch of different ones."
You got the brains, I got the looks, let's make a whole lot of money

[asriloni]

sadly cloudmining sites have taken many people's money over the years and it is not going to stop here. the next day there will be a new cloudmining site that is going to be advertised as the best thing until they run away just like the others before them.

they'll not going to stop till retarded people become smart and referral hunters just get away from their job,refferal hunters is their main priority when making Ponzi cloudmining and they maybe consider it as a core, that's why they'd make a big reward for each referral been referred ,simple as that

[gentlemand]

Loan = bad. Cloud mining = bad.

Bitcoin wallets should only unlock for users once they've answered an extensive quiz on what's what.

The thing that gets me is that most people would never fall for the same shit if it was in dollars.

Would you send your dollars to an anonymous website offering mythical returns? Some still would, I'll bet most wouldn't.

[TastyChillySauce00]

I think why people still invest in cloud-mining sites is because they just want a passive income and don't work hard for it even if they already know here are other real ways to earn bitcoin. And i think all of us want that but it is not just the right thing to do. There is no such an easy way to earn bitcoin or real money.

if the person were smart enough to realize that it's just too good to be true then they would think it twice,there's no such investment which giving you high rates when you just sitting everyday in your house and call it passive income,it's 100% bullshit,hard work = good money,less work = poverty,that's the point

[serjent05]

Loan = bad. Cloud mining = bad.

Bitcoin wallets should only unlock for users once they've answered an extensive quiz on what's what.

The thing that gets me is that most people would never fall for the same shit if it was in dollars.

Would you send your dollars to an anonymous website offering mythical returns? Some still would, I'll bet most wouldn't.

Pretty much well said.  The OP have great plan but don't want to work it the hardway.  Don't misunderstand me, i  feel sorry for your lost but no one should be blame except you and the trap this ponzi sites offered you.  OP is in a hurry to get things done, so instead of working for his capital, he loan it, worst is he let other hand to manage it for him. And we see the result.  I hope any newbies who read this stuff will learn alot from his experience.  I do invested money to cloudmining but these are things that i can afford to lose without affecting anyone but myself.  And the people who operates this kind of stuff should be jailed too. 

[Supercrypt]

I guess we can blame this to you alone.

We have repeatedly warned people of cloud mining sites being all scams and poses high threat to your coins but some just do not even care and went on with it.
Well, we can also say that this is a lesson learned the hard way.

[MingLee]

I hate to be honest but the thing is it simply does not surprise me that you almost lost all of your money. Cloud mining is very, very rarely a legitimate way to generate Bitcoin and more often than not there is a very minimal amount of value that can be gleaned from any contract owned by a cloud mining company if they are legit, and you'll be lucky to get money from your investment.

Maybe you'll be able to recover from everything, but that's a hefty loan you'll have to pay back. Best of luck.

[KingTylerVVS]

.... did research to make sure each company had a valid POOL.
YET EVERY DAMN CLOUD MINING SITE TURNED OUT TO BE A PONZI! And I lost ALL my coins.
Cointellect - hashie - hashprofit - scrypt.cc - cloudhasher - probably 1 or 2 others.... ALL SCAMS.
...

i am wondering what kind of research you did that you couldn't find out that cloudmining is a risky business. and i am not familiar with all the cloudminings you listed here but i know a couple of them and they have been evading providing any proof of reality of their business which means they had no hash power to mine with.

I know how to mine bitcoins from my laptop and even set up a physical miner.
I figured if they had a public pool and appeared on the blockchain, that was proof enough. My mistake.

Also, I am under the impression that it is better to make $100,000 a year providing honest business, than a 1 time $1,000,000 and be running from the authorities. I am educated to understand that there is more money long term in repeat business and happy customers than in being a criminal.

I am shocked to see that the majority of businesses online do not understand this logic.
I am sure most of these criminals blow the excess money on drugs and prostitutes and are already broke by now, once again looking to scam their next victim.

I am 28 years young and not afraid to admit my naivety.
We live in a world filled with evil criminals, hooligans and thieves. I thought initially that the majority of people were GOOD by nature, but I was sadly mistaken. The vast majority of people must be evil.

It does help me appreciate the few good ones ever so much more however.

God bless us all!

[hermanhs09]

Im sorry for your loss Tyler.
I think we all had some bitcoin losses due to scams or stupid investment's,but we all need to go through it and hope that the next day,we will not make our mistake again.
You have to accept it buddy,i have lost a lot of btc due to scams too,you just have to be more careful.

[Xester]

Hi, my name is Tyler.

I work for minimum wage in America and am tired as fuk most of the time.

I know what you are thinking, "join the club." Its hard being broke as a joke.

When I first got into bitcoin, I was working on creating a website. I got a 1.5 bitcoin loan or so from bitcoin jam.
My plan was to invest in cloud mining and use the daily profits to advertise.
Facebook charges you $10 for 10 visitors, yet you can get 10 higher quality bitcoin enthusianados for 7¢ worth of bitcoin.
I didn't need to invest all the bitcoin into advertising all at once, so I thought why not do it incrementally?

I was hoping to invest my cloud mining profits at a few bitmil a day and drive traffic to my site to build a following slowly.

I knew cloud mining was risky so I diversified and even did research to make sure each company had a valid POOL.

YET EVERY DAMN CLOUD MINING SITE TURNED OUT TO BE A PONZI! And I lost ALL my coins.

Cointellect - hashie - hashprofit - scrypt.cc - cloudhasher - probably 1 or 2 others.... ALL SCAMS.

I was a newbie and I made a bad decision, yes. But why is there so much anger at me, when ultimately...
those cloud mining sites are at fault and should not exist? Why is there not greater effort to jail thieves like this?
Why is there not a hacker community taking down ponzis before they are allowed to hurt honest people?
Why the hell or HOW the hell are those people happy with themselves doing "business" the way they do???


https://btcjam.com/users/18903 I still owe a little over a bitcoin and I got a new job and will pay it back soon.
That is my promise to this community.

It sucks because I worked for 2 solid weeks of my life
just to pay off thieves instead of focus on my business. I'm just sharing my pain here I guess...

I also just wanted to let everyone know I am a genuine guy and am going to fix the errors I inherited from said THIEVES.

What is being done as retribution to all the ponzis? https://bitcointalk.org/index.php?topic=878387.0

And why am I still receiving hate? https://bitcointalk.org/index.php?topic=1541316

I clearly remember you about your bullshit posts before

https://btcjam.com/users/18903

You've got some over due debts

My work is not bullshit.

Im trying, I really am. God bless. Thanks for your comments and support.

to the Trolls, get a life please. Try to create real value or constructive criticism atleast.
to the Bitcoin humans with soul, much love! Thanks and cheers!

You have a very bad luck, it also happened to me this scams really can turn your life upside down. My savings turn into debts in banks. I had to pay my debts and I spent 3 years just to pay those debts. Its really hard to earn bitcoins but when we become a veteran with it we can slowly earn what we lose. So in time you will earn more than what you lose in bitcoin just dont give up. In time you will rise like the others who are successful.

[jacee]

Hi, my name is Tyler.

Hello Tyler! I'm jacee.

YET EVERY DAMN CLOUD MINING SITE TURNED OUT TO BE A PONZI! And I lost ALL my coins.

What can I say? Hm.. You go all the way through searching for every single cludmining legitimacy but you never came accross a thread where all cloud minings are all the same? They are all ponzi an I 've seen posts about it that's why I don't invest in such.

I was a newbie and I made a bad decision,

Everyone makes a mistake. You jut hae to learn from it.

But why is there so much anger at me,

Provably because they are wondering why you fell in those cloudmining bait.

when ultimately...
those cloud mining sites are at fault

That is somewhat false. It is not the cloudminings fault you lost your money. I is yours because you put your money in it.
No one will steal if No one will let them steal.

and should not exist?

I agree they should not exist but what can we do? We don't control what other people  does on the internet.

Why is there not greater effort to jail thieves like this?

I think somehow there are people who tried but never succeeded.

Why is there not a hacker community taking down ponzis before they are allowed to hurt honest people?

Because that is not their responsibility. Each persons money is their own responsibility. Your koney, you need to take care of it.

Why the hell or HOW the hell are those people happy with themselves doing "business" the way they do???

Their theives. All they care about is money. No concience. They only care about makin theirselves rich.


I wish you manage to gather yourself up from this loss. Take it as a lesson and promise yourself that from bow on you will be more cautious to where you will put your money.

[KingTylerVVS]

Thank you all so much for the kind words.

I see that bitcoiners are people with real soul!

[foggyb]

Thank you all so much for the kind words.

I see that bitcoiners are people with real soul!

You are correct: humans are horrible by nature. Most don't live up to it for various reasons such as social, cultural, business, or religious influences.

If you really want to know human nature, watch what people do when they think they can't be observed or caught. The internet provides a cloak of anonymity that encourages people to act out their immoral nature,

Word of advice: never let your guard down when it comes to bitcoin scams. It will happen when you least expect it.

[asriloni]

I guess we can blame this to you alone.

We have repeatedly warned people of cloud mining sites being all scams and poses high threat to your coins but some just do not even care and went on with it.
Well, we can also say that this is a lesson learned the hard way.

that's right,warnings are everywhere in this forum if OP ever asking and trying to find out the feedback about every sites related to bitcoin,OP taking risk for getting involved into this Ponzi thing ,so,try to learn from it

[TGD]

No worries OP it's happening to many of us, atleast every failed we made its give us a lesson to remember and give experience to us and do not do it again if you dont want  to failed again.

[ObscureBean]

What happened to you is pretty shitty man but at least you learned something valuable from it.
Bitcoin is still very much like the wild west, it's a lawless world where scammers get to steal in broad daylight. Unfortunately, that's part of the price you pay for anonymity. If people had to verify their identities/addresses in order to be able to use Bitcoin, they would be a lot less tempted to steal/scam. Then there is the fact that not all of these companies are scammers, some are just poor strategists and get in over their heads without any fallback plans.