Opinions or experience about MeaTec Mining?

[examplens]

I have been adding to the list of fraudulent websites for some time now, it is now a collection of 900+ domains. [SCAM ALERT] List 910+ scam websites Most often, these are fake services that offer unrealistic profits such as 100% in 5 days, 230% annually, mostly under the name of cloud mining, money doubler, HYIP and various investment schemes.

An official MeaTec Mining appeared recently, trying to explain that their service does not belong to this blacklist. It's about infinity-hash.com. I recognized the reason why I added them to this list, for example, is their offers of 33% up to 230% profit annually, which is totally unreal.
They claim that the infinity-hash.com site is only part of the business, where MEATEC LLC (meatec.io) is based. Well, Meatec mentions a more sustainable type of mining business like hosting, collocation even repair service, which actually led me to ask for more opinions.

This is a project by MEATEC LLC (https://meatec.io/). We are providing colocation mining and hosting since July 2018 and launched Infinity Hash as a separate project to our colocation mining in Q1/Q2 2023 because we hated how traditional cloud mining worked and how low "customer success" with cloud mining was (this is also why the domain is so new).
- This is also disclosed in all FAQs on the more detailed landing pages (including a map link with address etc.)
- MEATEC and Infinity Hash share the same dashboard under different domains with different design, but we decided to separate them a bit to not confuse new users that "just want cloud mining" with all the colocation functionality
- The whois record is points to cloudflare because we are a small team and decided to use Cloudflare after continued DDOS attacks on different pages and our dashboard (here is the postmortem https://blog.infinity-hash.com/behind-the-scenes/ddos-incidents-november-2023-postmortem/)

Meatec has some basics to be a legal business, it can look quite convincing, but we all know that scammers can be very intelligent and I have seen some very sophisticated scam schemes. However, I would not like to judge based on a little information that I found online.

While their explanation about profit estimations

1. The profit estimations

- "33% Annual In The Bear Market" --> 33% is simply our average APR in the bear market after deducting all costs. Since users can sell their hash rate, we COULD also write 133% (like other projects do) but we don't because we can't guarantee sell prices for hash rate and don't want to lie to users
- "100%+ In the Bull Market" --> Yes, this is what users actually earn during full bull market conditions
- "Below is a conservative profit estimate based on our current miners at various bitcoin prices." --> "profit estimate"
- "Please note, that the below numbers are an estimate and we can’t promise these returns!" --> highly visible and in yellow to drive home the point that this is an estimate
- "Approx. 230% Annual Profit*" --> is right below "$100k / Bitcoin", this is the actual return we calculated for how the project shares work at 100k BTC (full calculation and easy to use calculator available here https://blog.infinity-hash.com/share-price-calculation/). We are currently using the Whatsminer M50 for the project and have a public electricity price of $0.055 / kWh
- "Approx. 230% Annual Profit*" --> There is also a star here with a centered info line available without scrolling and in normal font size below that says "*If you bought your shares at an average of $1 per share". This might actually not be true since users that bought shares at $1 would probably have much higher returns (just like if you buy a good BTC miner during the bear market and then look at its returns during the bull market when even the actual hardware would cost something like 5x the amount)

Again, the cloud mining scheme does not instil confidence in me at all, I am of the opinion that if someone at some point offers any unrealistic profit, they cannot be trusted

Here is their entire post https://bitcointalk.org/index.php?topic=5201588.msg63518392#msg63518392 I will also send them a PM with a link to this thread

[1714571963]

1714571963

[ABCbits]

When in doubt, you might want to use this assessment, ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁. Anyway, i visited Infinity Hash websites where i didn't image/video proof of ASIC used for it's service and their FAQ doesn't mention whether you can sell share you bought. Can't say it's scam, but i obviously can't trust them.

[logfiles]

I've tried Infinity Hash myself and I wrote about my personal opinion in an article.

So what's the point of posting here if you can't tell us what your personal opinion was in this thread. I mean, the whole point of the OP is to gather opinions about the service.

[yahoo62278]

I really don't think you need to justify anything. The burden of proof is on the company, not you. Can you show me 1 cloud mining service that hasn't been a scam from the get go? Serious question there actually. I remember back in the day I tried that CCex site or whatever and it did pay but you always lost money. Fee for this and that ended up making you lose a few bucks each day or whatever. Not the same company, but cloud mining is cloud mining IMO, waste of time and money.

I wouldn't advise anyone to have anything to do with cloud mining period.

[saoulidisg]

I've tried Infinity Hash myself and I wrote about my personal opinion in an article.

So what's the point of posting here if you can't tell us what your personal opinion was in this thread. I mean, the whole point of the OP is to gather opinions about the service.

I doubt I'm allowed to post links here.

[logfiles]

I doubt I'm allowed to post links here.

Anyone can post links here, so long as they are not malicious.
You copy or make a summary of your experience here as well, with a link to the original article to avoid getting banned for plagiarism (you are not limited to post paragraphs here because of your rank). What is not allowed is spamming links here for SEO purposes.

Also, shilling suspicious services is highly discouraged.

[saoulidisg]

I wrote my experience with Infinity Hash in these two articles.

First of all my worries about whether it's a scam or not, and my research https://loveisbitcoin.com/alert-is-infinity-hash-a-scam/

And this was my experience a few months ago when I first met the guys in person and invested a small amount just to test it out https://loveisbitcoin.com/i-suck-at-trading-but-this-is-my-only-profitable-trade-for-real/

[examplens]

I wrote my experience with Infinity Hash in these two articles.

These are just ordinary affiliate blog posts that promote this service. Apart from your words, I don't see any clear proof here that you claim that you tried this service with your funds.
As far as I know, all cloud mining or various HYIP scammers are very happy to pay a referral percentage for all the victims that are brought to them.

[hugeblack]

I wrote my experience with Infinity Hash in these two articles.

This seems more like a paid or biased article than an article explaining a user experience. In general, try to add the disadvantages and advantages of each service and leave the final decision to the user because once the articles start listing a specific trend, this loses a lot of credibility.

[BitcoinGirl.Club]

I wouldn't advise anyone to have anything to do with cloud mining period.

Cloud mining never was able to impress me. Many people were scammed and still they scam novice crypto users.

And this was my experience a few months ago when I first met the guys in person and invested a small amount just to test it out https://loveisbitcoin.com/i-suck-at-trading-but-this-is-my-only-profitable-trade-for-real/

[..] But This is My Only Profitable Trade (For Real)

Your article lost my interest the moment I saw the URL with the above string.

[Maus0728]

I guess just follow what your instincts tells you @examplens, you've got the good instincts to tell if these websites are fraudulent with over 900+ blacklisted websites already, it's probably not a good idea to not follow your instincts if you know that it would lead to something better if you do follow that instincts. You've also stated how absurd their claim is in regards to the profits that they're claiming they can give so I'm not entirely sure that you're doing anything wrong being doubtful. It's been my thing ever since that everything that's too good to be true then it probably is, there's also the common knowledge that cloudmining is just a scam so how can you still doubt something like this is legit?