is cloudhashing.com a scam??

[Rampion]

Plus, the 450TH/s hasharate estimtion for September is very optimistic. He is counting on no Avalon chips hashing by September, which seems unlikely.

[rdsc]

Plus, the 450TH/s hasharate estimtion for September is very optimistic. He is counting on no Avalon chips hashing by September, which seems unlikely.

But hashrate estimation is a total black art - there's perfectly legitimate community members (afaik) who've come up with similar predictions https://bitcointalk.org/index.php?topic=232670.0  It's hard to avoid the feeling that you've got an axe to grind over this - I just wish you'd say what it was.

[ag@th0s]

No they arent a scam guys..

Yes they are.

This guy seems to like slandering companies with absolutely zero proof that his claims are justified.

Which other company I've slandered?

And would you care to make an escrowed bet with me? I say you will not see 50BTC per 10GH/s in the first year, as they misleadingly advertise to suck ignorant people in their scheme.

Rampion - I respect your opinion and you could be right, but I don't see this claim on their site and the figures I looked at when I first signed up seemed relatively conservative.  The figures they're currently showing for their Platinum contract 20 Gigahash/s are:

Estimated 1st year total return: 25.69 to 51.38 bitcoins = $2,607.00 to $5,214.00 (including earnings from transactions and namecoin)

*Using estimates of:
Bitcoin network hashrate = 450 TH/s in September 2013,
Bitcoin network hashrate = 2,000 to 3,000 TH/s in September 2014
Bitcoin price of $100 & September 2014

They recently changed those estimates, previously they said that a 10GH/s contract (which in reality is 9GH/s because they keep 10% of the advertised hash rate) would have generated 50BTC in the first year. Those are impossible figures as anybody with a brain would know.

IMO the sole issue here is whether they provide the hash rate they promised for the contracts in reasonable time - the return, as you well know, is in the hand of the whales/gods. Everything in BTCworld comes laced with Buyer Beware, but I don't see how you can call scam because BFL didn't deliver and then Avalon didn't deliver and then Terrahash didn't deliver, yada yada.  Cloudhashing need to get hashing at some level, very soon, to prove that they can do it, but missing deadlines doesn't mark them out as different from the norm.  What is your issue!

[philipma1957]

They are  not worth buying from.  Do not buy from them.  They are now late for their July contract   They have so far refused to refund me.   Consider them to be untrustworthy not due to whether  you will make money.  They simply do not honor contracts my contract terms have vanished from the site  I have a copy of it.  

  The problem here is they won't honor the early contracts and so far they won't refund.  This makes them untrustworthy at levels beyond market risk.

  Do not BUY a contract  

  Common sense wise it this :  I have a contract I am going to post  complaints endlessly about lack of refund or payment any sane normal company would refund me .

 Does anyone want to guess what the refund story will be? As I said early in the post I did my contract as a service to the btc community  and that you should wait to see what will happen before you jump in.  so far nothing.  So do not jump in.


https://bitcointalk.org/index.php?topic=173316.0


also read the thread above.

[joae1975]

In their new youtube video they post a BTC address at 0:44
http://youtu.be/Idf3UeZ5ycM?t=44s

I checked blockchain.info and that address is holding 2004 BTC
https://blockchain.info/address/157i5gK7iN4bNAN39Ahuoiq6Tx5TaQukTE

In the blockchain transactions I see "Hal Finney" come up
https://bitcointalk.org/index.php?action=profile;u=2436

Who is he?  What's he have to do with cloudhashing?  And why is he in the transactions?

If you scroll down you'll see a BTC transaction of 2000 BTC.  I'm not very good at following a BTC money trail.  But what's going on here?  Can anyone tell?

[krudkeeper]

looks like a scam to me

they scammed 2000 btc?

[cloudhasher]

In their new youtube video they post a BTC address at 0:44
http://youtu.be/Idf3UeZ5ycM?t=44s

I checked blockchain.info and that address is holding 2004 BTC
https://blockchain.info/address/157i5gK7iN4bNAN39Ahuoiq6Tx5TaQukTE

In the blockchain transactions I see "Hal Finney" come up
https://bitcointalk.org/index.php?action=profile;u=2436

Who is he?  What's he have to do with cloudhashing?  And why is he in the transactions?

If you scroll down you'll see a BTC transaction of 2000 BTC.  I'm not very good at following a BTC money trail.  But what's going on here?  Can anyone tell?

Gave concept of video to the marketing company and they ran with it. They possibly took a wallet address they saw online rather than creating a random one.

Simple honest mistake. No need to get in a panic about every little thing.

Regards

[cesmak]

If you look at that address, the most recent transaction was in march 22, and the transaction of 2000 btc (the first of that address is of 22 June 2011 !!!

In 2011 probably CloudHashing will never be in the mind of their founders.....

This address never prove anyting....

And i'm one of the customers of cloudhasing waiting for his 2013 indefinite july contract to start..... so what i mean is that i'm sad that cloudhashing has not started the june and july contract at all (at today), but using something that is false as an accusation to say they are scam is not correct, just watching in the link of the address and look at the dates, give the explanation that this is not a proof to move a scam accusation against them. (just to be clear about my point of view).

Best Regards to all.

[ASICMining]

People accuse BFL of being a scam, and yet BFL has shipped some machines and also run into some delays. Cloudhashing is a start-up company, and faces the same hurdles that all new businesses face in the midst of heavy competition and complexities. If you bought a July contract, until August rolls around it's somewhat early to say anything factual. Most people who complain about not receiving their Jalapeno from BFL don't come here and post that they got it once they receive it. You always hear complaining, but how often do people come and praise the success of others, not as often.

[joae1975]

I was just pointing something out. Not really comaining about it.  I just thought it was weird.  I agree, praise is never given. Even at my job, I'm never praised for a job well done because its expected.  But I am criticized when needed.  I will praise CH when things pick up.

[JayCoin]

In their new youtube video they post a BTC address at 0:44
http://youtu.be/Idf3UeZ5ycM?t=44s

I checked blockchain.info and that address is holding 2004 BTC
https://blockchain.info/address/157i5gK7iN4bNAN39Ahuoiq6Tx5TaQukTE

In the blockchain transactions I see "Hal Finney" come up
https://bitcointalk.org/index.php?action=profile;u=2436

Who is he?  What's he have to do with cloudhashing?  And why is he in the transactions?

Hal Finney : https://bitcointalk.org/index.php?topic=155054.0

[cloudhasher]

We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

[philipma1957]

We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

  okay nice to see something so you are at .5th and your newsletter says if I keep my july contract. you are not going to pay full rate but 10%.   So quick math I spent 700 usd for a 6gh contract that jumps to 7.5gh in sept.   Your website stated July 1st not July 23rd. It had no mention of under payment.   It said a 10% fee and 30% reinvestment of coins earned.  So 100 -10 is 90 x.70 is 63% of the 6gh That comes to  3.78gh hash. for 22 days .

You are going to pay me 10% of 6gh starting today which is .6gh .

Now at the start of July diff was 21 mill it jumped to 26 mill around july 11th. and the averaged diff would be 23.5 mill. I would have earned about 2.5 coins and you would have put about .75 coins into future investment.

Lets say you are a good person and your were sucked in by BFL just like the rest of us. your offer to the early june -july contracts is so so. Well at least I see some hash power.
 

[leecheng]

We are mining :-)

http://bitminter.com/livestats/big

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Dear cloudhasher, why cloudhasher is right now not in the Fastest Users list? Thanks.

[cloudhasher]

We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

Dear cloudhasher, why cloudhasher is right now not in the Fastest Users list? Thanks.

We are on BTC guild top 20 users. Moving back to bitminter.

[tokeweed]

We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

Dear cloudhasher, why cloudhasher is right now not in the Fastest Users list? Thanks.

We are on BTC guild top 20 users. Moving back to bitminter.

which one are you on btc guild?

[cloudhasher]

We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

Dear cloudhasher, why cloudhasher is right now not in the Fastest Users list? Thanks.

We are on BTC guild top 20 users. Moving back to bitminter.

which one are you on btc guild?

Private server. Group name is cloudhashing.

[tokeweed]

i think we need an official cloudhashing thread for the people on here who have bought contracts.

[gnix72]

Can anyone who has purchased a cloudhashing contract comment on the effectiveness?  Are you receiving the hash rate you paid for?  Any other pros/cons?

[joae1975]

Can anyone who has purchased a cloudhashing contract comment on the effectiveness?  Are you receiving the hash rate you paid for?  Any other pros/cons?

Nope, nothing yet.  Their website UI is really bad too.  And they often don't listen very well when opening a problem ticket.  Although they've always eventually fixed my tickets.  I just have to go back and forth a bunch of times before they understand the problem.  I have one pending right now.