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Author Topic: Cryptotech Cloud mining???  (Read 203 times)
Kwing
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January 01, 2018, 12:19:02 AM
 #1

Hello.

Yes I'm a noob and do not know much about mining, but as I've read, cloud mining is not profitable.

But what about Cryptotech?

It is a Norwegian company that has made a better chip of some kind, which should be five times more efficient than others ...

They sell mining contracts for $ 200 / Tb for a 2 year contract without maintenance fee.

Is this profitable ??
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January 01, 2018, 01:51:31 AM
 #2

Hello.

Yes I'm a noob and do not know much about mining, but as I've read, cloud mining is not profitable.

But what about Cryptotech?

Cloud minings are no longer profitable and there will be no exceptions

It is a Norwegian company that has made a better chip of some kind, which should be five times more efficient than others ...

They sell mining contracts for $ 200 / Tb for a 2 year contract without maintenance fee.

Is this profitable ??

In this world full of scammers you shouldn't believe every statement that a stranger claims.

Just think of it this way, They made  this company for the sole purpose of "gaining profits" but how can they do that with those rates? particularly when the difficulty in mining increases per day  Huh.

It's another ponzi scheme that everyone should stay away from.

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January 01, 2018, 04:47:25 AM
 #3

Hello.

Yes I'm a noob and do not know much about mining, but as I've read, cloud mining is not profitable.

But what about Cryptotech?

It is a Norwegian company that has made a better chip of some kind, which should be five times more efficient than others ...

They sell mining contracts for $ 200 / Tb for a 2 year contract without maintenance fee.

Is this profitable ??

Obviously, that Cryptotech is just another scam. Do they give pictures of their mining rigs? I guess not. If you want to save your money, better not to put them on that Cryptotech, just hold your coins, wait for months or few years and you will get profit

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January 01, 2018, 11:06:27 AM
 #4

all cloud mining project is hyip's they scam you without a doubt

Kwing
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January 01, 2018, 11:14:08 AM
 #5

Well they are all over the news with planed startup in august.
https://e24.no/naeringsliv/bitcoin/norsk-gr-nder-skal-selge-bitcoin-kontrakter-for-1-65-milliarder-innen-februar/24218638

Google translated:

"It is clear that we will shake the traditional recovery market, as it seems today, where Chinese players account for 60 percent of the world's bitcoin extraction (so-called mining journals.)," Says Erik Solberg, Cryptotech to E24.

He is in a 10,000-square-foot warehouse in which Solberg will collect 25 million pieces of data within a few months to solve difficult algorithms and thus extract bitcoin.

"Until the end of February we will sell mining contracts for $ 200 million ($ 1.65 billion)," said Solberg.

The company will not sell the data chips they produce, but will sell contracts to customers who get the values ​​recovered in Solberg's bitcoin mines.

Solberg is a computer engineer and has long been busy with bitcoin.

Together with its two American founders Tom Agan and James Lupino, they have developed a piece that, according to the founders, is 125 times faster than today's equipment.

Today's data chips designed for bitcoin extraction are being used by several Norwegian companies, but Solberg says the pieces they develop are in a different class, both in terms of capacity and power consumption.

"The price of mining equipment made in China has also increased by $ 1,000 per extraction machine, only because the bitcoin award can defend it," said Solberg.

Cryptotech will solve it all by selling two year long recovery contracts to its customers.

"I feel sorry for all those who have invested billions in extraction equipment that will be outdated when our chip is being used," says Solberg, continuing:

"We are waiting for our patents to go through the US, China and several other countries.

The entrepreneur's founder Agan already has 22 approved patents, and they are therefore confident that this patent will also be approved.
Kwing
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January 01, 2018, 11:20:13 AM
 #6

1.65 billion, that’s in Norwegian currency
gabriel0
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January 01, 2018, 01:50:40 PM
 #7

Quote
https://translate.google.com/translate?sl=no&tl=en&u=http%3A%2F%2Fwww.hegnar.no%2FNyheter%2FBoers-finans%2F2017%2F12%2FErik-vil-bli-verdens-stoerste-bitcoin-produsent

"Today, bitcoins are mined for 30 million dollars a day. We are planning to control half of this" said Solberg, who has several smaller startup companies.

In the unlikely scenario that they aren't a scam, they would then ruin bitcoin instead.
No single entity should have anything close to 50% of the total/global hashrate, otherwise known banks would be much, much safer than bitcoin. They give you a steady interest, they have insurance, scam/hacking protection, and can pretty much be trusted in general. The same can't be said about some random and unknown company, cryptotech, which would have the power to control the bitcoin network. (Called a "51% attack")


Also, they mention:
Quote
CRYPTOTECH ANNOUNCES START OF INITIAL TOKEN CROWDSALE FOR WORLD’S LARGEST AND MOST EFFICIENT BITCOIN MINING FACILITY WITH DISRUPTIVE TECHNOLOGY – OFFERS 500% ROI GUARANTEE

http://web.archive.org/web/20180101134358/http://www.cryptotech.no/elements/press/
It was stated multiple places, but has been changed.

99.9999% of "guaranteed BIG returns" investments are direct scams or ponzi/schemes.
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February 02, 2018, 12:38:46 PM
 #8

Cloud mining always work only for their own benefit
Mister1k
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February 02, 2018, 05:44:32 PM
 #9

Cloud mining always work only for their own benefit

Shit thread bumper. Hey if you wanna discuss about this same site, create your own thread and discuss about it. If you want to report about them create a thread in meta or scam accusation section.
We all know that cloud mining is a ponzi scheme or scam attempt. Hope you would bump any dead thread hereafter. Thanks for understanding. @op please lock this thread.

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