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Question: If you believe you may have invested in a Ponzi Scheme disguised as cloud mining, but have no proof, is it ethical to profit and get out asap?  (Voting closed: December 13, 2016, 03:22:39 AM)
Yes - 17 (73.9%)
No - 6 (26.1%)
Total Voters: 23

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Author Topic: If you suspect a Ponzi disguised as cloud mining...  (Read 1650 times)
calkob
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December 11, 2016, 03:20:28 PM
 #41

Ever since HashOcean went awol, I've been more than sceptical about cloud mining and the purchasing of "powers" and investing in pools with other investors. I know the ROI of most cloud mining sites is impossible to achieve with mining alone. I've recently invested a small/safe amount into a new site and I'm literally watching my balance grow. That is why I post this question.

I have yet to hear of a successful cloud mining scheme, either they are scams or they are just poor performers compared to just buying bitcoin and holding.  the recent debacle with the toomins over Zcash cloud mining should be a warning to all.
FaucetRank.com
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December 11, 2016, 03:29:37 PM
 #42

I remember that big scam hashocean I invested few dollars which I hardly earned and that time I was facing hard time that cloud mining robed me in few days, I only could see growing numbers but could not cash out  those. So it'll be good for you, if you invested in any cloud mining website than cash out as soon as possible because watching only number will not benefit you in any way they may scam you at any time.

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winspiral
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December 11, 2016, 03:44:59 PM
 #43

Unless proven otherwise, all online investment schemes must be considered a ponzi. To be proven otherwise means the scheme is transparent not only about how it makes money but all monies invested and profit and loss graphs.

To my limited knowledge, the only transparent businesses online that offer bitcoin investments are casino bankrolling and exchanger services.

Casino bankrolling seems to me the most transparent and can be verified by the investor.

I hope you do not consider my U2cloudmining system as a ponzi sheme.

Unless proven otherwise, all online investment schemes must be considered a ponzi. To be proven otherwise means the scheme is transparent not only about how it makes money but all monies invested and profit and loss graphs.

If something seems fishy about my U2 system you are welcome to let me know.

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