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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 348528 times)
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BombaUcigasa
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April 25, 2015, 01:45:48 PM
 #1001

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.
They don't list the maintenance fee anywhere on their site. I really looked...
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April 25, 2015, 04:55:46 PM
 #1002

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.

No photos of the farm, no mining address. No thank you.

galdur
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April 25, 2015, 05:38:47 PM
 #1003

i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

No, the really really really hard part is watching it constantly tank month after month after clueless idiots have told people to buy it.

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April 25, 2015, 07:07:38 PM
 #1004

i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

No, the really really really hard part is watching it constantly tank month after month after clueless idiots have told people to buy it.

Read This: http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1&IR=T

Might be helpful to predict the next rise Wink
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April 25, 2015, 07:20:21 PM
 #1005

i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

No, the really really really hard part is watching it constantly tank month after month after clueless idiots have told people to buy it.

Read This: http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1&IR=T

Might be helpful to predict the next rise Wink

Maybe. Bitcoin´s main problem continues to be no volume (on so called "exchanges" that no meaningful money takes seriously) and thus no buying interest to speak of. Which is why it has been cratering for over a year now.

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April 26, 2015, 05:06:19 AM
 #1006


No, it's legit cloud mining from indonesia
I have seen their mining proof some time ago & i heard someone already seen their mining center.
But, their contract price is too high Sad


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acquafredda
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April 26, 2015, 07:27:38 AM
 #1007

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.
Thanks for the info.
Anyway, being from the very same place as cointellect doesn't help.
Wink

You only live once, but if you do it right, once is enough
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April 26, 2015, 06:19:13 PM
 #1008

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.
Thanks for the info.
Anyway, being from the very same place as cointellect doesn't help.
Wink

No photos, no mining address, no money. Easy.

Syke
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April 27, 2015, 04:40:33 AM
 #1009

[No, it's legit cloud mining from indonesia
I have seen their mining proof some time ago & i heard someone already seen their mining center.
But, their contract price is too high Sad



You call that a farm? My toilet has more miners on top of it.

Buy & Hold
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April 27, 2015, 08:20:38 AM
 #1010

Your toilet should be a very hot place sir Smiley
Don't think its the best place to keep them, very noisy and causing stress, and the toilet is meant to be a place of peace and concentration, a safe haven. But whatever it takes to keep mining...

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April 27, 2015, 09:08:40 AM
 #1011

[No, it's legit cloud mining from indonesia
I have seen their mining proof some time ago & i heard someone already seen their mining center.
But, their contract price is too high Sad



You call that a farm? My toilet has more miners on top of it.

Yes, it does look like someone`s garage.

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April 28, 2015, 08:29:09 AM
 #1012

gr mining no payout 2 weeks ,,scam site hate

Again, no photos, no mining address, NO MONEY. Simple, very simple.

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April 28, 2015, 10:28:17 AM
 #1013

thanks gr mining pay me now,,,i don"t post picture or link,newbie bitcointalk
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April 28, 2015, 10:46:52 AM
 #1014

thanks gr mining pay me now,,,i don"t post picture or link,newbie bitcointalk

Why would they pay you, they are a ponzi and a scam Tongue Get your money out if you still can Smiley NOW!
And do your research next time before investing...
Even if they paid you once, they won't the second time.

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May 05, 2015, 03:07:22 PM
 #1015

Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.

Draw your own conclusions...

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May 05, 2015, 03:11:09 PM
 #1016

Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.

Draw your own conclusions...

What if they had got 25+BTC before April 23?

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May 05, 2015, 06:24:51 PM
 #1017

Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.

Draw your own conclusions...



So you are saying you think they are legit?

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May 05, 2015, 09:46:32 PM
 #1018

It's like investing in a black box..., they don't provide any proof, they don't publish anything, they don't care about electricity cost or fees either...
You just give them your money and hope for the best. How do you even know your investment is in any way related to bitcoin activity? Wink
Think about that Smiley
Plus using fake photoshopped pictures on their front page instead of actual images of their mining farm, if they have any.

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May 05, 2015, 11:18:20 PM
 #1019

It's like investing in a black box..., they don't provide any proof, they don't publish anything, they don't care about electricity cost or fees either...
You just give them your money and hope for the best. How do you even know your investment is in any way related to bitcoin activity? Wink
Think about that Smiley
Plus using fake photoshopped pictures on their front page instead of actual images of their mining farm, if they have any.


I would like to know how is it different for Bit-X ?

i. No mining address.

ii. No identity of the people behind Bit-X.

iii. No payment proof.

They are only eyewashing people with the BitFury vouch that they could easily got by bribing them. We have already seen similar scam when AsicMiner vouched for Hashie. A mining manufacturer's vouch is no proof at all and OP should drop it from a point of legitimacy proof.
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May 05, 2015, 11:43:05 PM
 #1020

Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.

Draw your own conclusions...

What if they had got 25+BTC before April 23?

I used my model to calculate that as well. In the past they made (huge) profits. This is the first time they are losing Bitcoin for a period of time.

It is very likely that Bitcoin Cloud Mining is a Ponzi scheme. As such they will probably not want to run on a loss for a long period of time. If they continue to lose money, I would expect them to shut down the operation in the next couple of weeks.
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