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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 348177 times)
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Muhammed Zakir
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May 17, 2015, 04:26:08 PM
 #1081

It was confirmed the day Bit-X failed to provide a mining address and hash power sold data in real time.

True. BIT-X didn't provide mining address.

That day it became clear that their contract with Bifury is just a vouch bought by bribing, like Hashie got a vouch from AsicMiner.

Possible but I don't think BitFury will ruin their reputation over some money.

Bit-X even failed to provide any payment proof.

There is no need to provide payment proof. Everything is available in Bitcoin blockchain.

Moreover their contracts are unprofitable anyway. Cheesy

Not unprofitable but will take more time to reach ROI than it take when investing in a ponzi.

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May 17, 2015, 05:28:21 PM
 #1082

Bit-x is really paying, I have a little there. Even if they bribed BitFury, they are way better than a peace of shit like cloudmining.website, which has already collapsed and paying only to its know shills like that one a post or two above. I hope you don't sell your hosnesty too cheap...

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May 17, 2015, 07:06:00 PM
 #1083

Bit-x is really paying, I have a little there. Even if they bribed BitFury, they are way better than a peace of shit like cloudmining.website, which has already collapsed and paying only to its know shills like that one a post or two above. I hope you don't sell your hosnesty too cheap...

Bit-X did not bribe BitFury, legitimate companies do still exist.
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May 17, 2015, 09:12:47 PM
 #1084

Are you buying a share of the miners they have already? Or paying for the next set of miners they are going to buy? will the "team of highly experienced traders and will be performing market trades to boost profits for those who own “VIP shares (TM).”" run afoul of any securities laws? Why is the guy saying "they are" and "these guys" the same person providing all the "proof" that they are legit on hashtalk?

Yes...why???
Only posting on hashtalk.
Only 1 person saying "we"
Who is Tommy??
Who is the reseller Yangongear?? and why is he the only one selling these virtual shares??  (Couldn't anyone could be a reseller if they have a website??)
Why does he have all this "exclusive" information?? Shouldn't it be posted on the miningsweden website and not a reseller who links it to a forum that is a known scam??
WTF??


Yeh sorry about the Hashtalk link, it was in the cloud mining section and that is the section where people can discuss other companies. Mining Sweden has nothing to do with GAW MIners although if we all  start seeing rocket shaped boost icons to double hashpower and things like that as part of their mining package, then feel free to have a go. Smiley lol

To make you feel happier here is a link that has been going for a couple days here on the safe haven that is Bitcointalk.
https://bitcointalk.org/index.php?topic=1061750.0

This is the original thread that started back in March
https://bitcointalk.org/index.php?topic=979103.0

Also anyone that has an account with Mining Sweden gets regular emails with news and video links so there is not really that much exclusive about anything.

Also here there is regular updates https://www.miningsweden.se/news/

Ian




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May 17, 2015, 09:19:59 PM
 #1085

Are you buying a share of the miners they have already? Or paying for the next set of miners they are going to buy? will the "team of highly experienced traders and will be performing market trades to boost profits for those who own “VIP shares (TM).”" run afoul of any securities laws? Why is the guy saying "they are" and "these guys" the same person providing all the "proof" that they are legit on hashtalk?

Calm down Phildo.

I was just trying to help answer the question that someone asked about if Mining Sweden was a scam, so I just went and posted links.

When I wrote "These guys", I mean Mining Sweden as a company and "they are" is because I have had a contract with them since they started operating and been getting regular payouts and seeing the progress they are making and as far as I can see, they are very open as said. I mean why would they want to invite people for a BBQ and show them around their farm in Northern Sweden for a start. I am hoping the BBQ food will be cooked on the mining rigs lol....

Ian

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May 17, 2015, 11:33:59 PM
 #1086

hashmaniac.com seems rather new. From what we've seen now they're nothing but a ponzi.














 

 

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May 18, 2015, 01:20:04 AM
 #1087

hashmaniac.com seems rather new. From what we've seen now they're nothing but a ponzi.
https://blockchain.info/address/1Lyzm2tGt4hVAAxUUnA6CAmVZzKaBrYySi

They already have 17 clients that each bought the 100Gh option...
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May 18, 2015, 01:25:29 AM
 #1088

hashmaniac.com seems rather new. From what we've seen now they're nothing but a ponzi.
https://blockchain.info/address/1Lyzm2tGt4hVAAxUUnA6CAmVZzKaBrYySi

They already have 17 clients that each bought the 100Gh option...

Must be because of a promotion they were running... If those are true purchases, I'd have to say that some people are really gullible.














 

 

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May 18, 2015, 01:26:01 AM
 #1089

Are you buying a share of the miners they have already? Or paying for the next set of miners they are going to buy? will the "team of highly experienced traders and will be performing market trades to boost profits for those who own “VIP shares (TM).”" run afoul of any securities laws? Why is the guy saying "they are" and "these guys" the same person providing all the "proof" that they are legit on hashtalk?

Calm down Phildo.

I was just trying to help answer the question that someone asked about if Mining Sweden was a scam, so I just went and posted links.

When I wrote "These guys", I mean Mining Sweden as a company and "they are" is because I have had a contract with them since they started operating and been getting regular payouts and seeing the progress they are making and as far as I can see, they are very open as said. I mean why would they want to invite people for a BBQ and show them around their farm in Northern Sweden for a start. I am hoping the BBQ food will be cooked on the mining rigs lol....

Ian

I'm perfectly calm because I ask a million questions before entering into business arrangements where people will give me free money for no reason.

I can't help but notice that you didn't actually answer any of my questions, so let's try again, because a BBQ doesn't impress me much.

If I buy shares today, is that for a piece of current hardware or future hardware?

Will the things they say they are going to do for VIP shareholders run afoul of regulators in the US (where I am) or anywhere else?

are they paying you with freshly mined coins?

Why do they need a reseller when they aren't actually shipping anything?


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May 18, 2015, 06:20:22 AM
 #1090

Are you buying a share of the miners they have already? Or paying for the next set of miners they are going to buy? will the "team of highly experienced traders and will be performing market trades to boost profits for those who own “VIP shares (TM).”" run afoul of any securities laws? Why is the guy saying "they are" and "these guys" the same person providing all the "proof" that they are legit on hashtalk?

Calm down Phildo.

I was just trying to help answer the question that someone asked about if Mining Sweden was a scam, so I just went and posted links.

When I wrote "These guys", I mean Mining Sweden as a company and "they are" is because I have had a contract with them since they started operating and been getting regular payouts and seeing the progress they are making and as far as I can see, they are very open as said. I mean why would they want to invite people for a BBQ and show them around their farm in Northern Sweden for a start. I am hoping the BBQ food will be cooked on the mining rigs lol....

Ian

I'm perfectly calm because I ask a million questions before entering into business arrangements where people will give me free money for no reason.

I can't help but notice that you didn't actually answer any of my questions, so let's try again, because a BBQ doesn't impress me much.

If I buy shares today, is that for a piece of current hardware or future hardware?

Will the things they say they are going to do for VIP shareholders run afoul of regulators in the US (where I am) or anywhere else?

are they paying you with freshly mined coins?

Why do they need a reseller when they aren't actually shipping anything?



Not sure why you are asking me the questions, as I just pointed out to a poster a thread where they were asking if the company was legit. This is a thread about whether companies are legit or not after all, so was just pointing out, where there are plenty of videos and pictures. Someone that works for Mining Sweden which will most likely be Tommy as he is the owner as far as I am aware, can answer your questions and I do not work for them.

I invested a small amount in them when they were starting up in March.

Here are my thoughts on some of your questions though.


If I buy shares today, is that for a piece of current hardware or future hardware?

As far as I am aware, the money that you pay for shares is helping them purchase more hardware in the future.

Will the things they say they are going to do for VIP shareholders run afoul of regulators in the US (where I am) or anywhere else?
Not very good with legal things myself but as they are based in Sweden, then surely they would be under Swedish Laws and regulations.

are they paying you with freshly mined coins?
I believe that someone wanted to know the same question in another thread. the thread is here https://bitcointalk.org/index.php?topic=979103.0
If you look down the first few posts someone asked the same questions and came to the conclusion they were mining at BTCGuild by tracking payouts etc.

Ian


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May 18, 2015, 09:10:04 AM
 #1091

best essay ever,

thanks Puppet,

all newcomer have to visit this part of the forum..

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May 18, 2015, 10:14:52 AM
 #1092

Whatever..., better to buy at hashnest.com anyway and sleep calmly, if BTC is to crash everybody goes to hell no matter what, but at least you know you're mining at manufacturer. All those others just resell the same S5 with a portion for themselves Tongue

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May 18, 2015, 01:03:27 PM
 #1093

Whatever..., better to buy at hashnest.com anyway and sleep calmly, if BTC is to crash everybody goes to hell no matter what, but at least you know you're mining at manufacturer. All those others just resell the same S5 with a portion for themselves Tongue

True. Unless the manufacturer decides to run. Anyone remembers Amhash?

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May 18, 2015, 02:58:42 PM
 #1094

still better than a ponzi operator who has no other option than to run. Or resort to dust payouts so you people like yourself can still pretend its "paying".
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May 18, 2015, 03:17:28 PM
 #1095

True. Unless the manufacturer decides to run. Anyone remembers Amhash?

Yes and that was not good.  Cry

As one of only a couple hardware manufacturers that has actually delivered, I would guess that BitmainTech is not going anywhere soon. (hopefully Cheesy )
Even if they stopped customer contracts, they could still mine for themselves (hmmmm....KnC   Roll Eyes )  or at least sell all the hardware.

Only time and my btc wallet will tell  Smiley

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May 19, 2015, 05:42:35 AM
 #1096

Whatever..., better to buy at hashnest.com anyway and sleep calmly, if BTC is to crash everybody goes to hell no matter what, but at least you know you're mining at manufacturer. All those others just resell the same S5 with a portion for themselves Tongue

True. Unless the manufacturer decides to run. Anyone remembers Amhash?

You're not trying to imply that Bitmain could run? Wink
I mean it can be arrested by government since they are in China or some other legal or force of nature stuff may happen, but I can't imagine a scenario where they would run like those companies involved in Amhash scam. It is the main manufacturer of equipment today, so hardly it would benefit them in the long run. Unless someday they will get outclassed by competition like in AM case and decides to make the most before closing up.

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May 19, 2015, 06:30:11 AM
 #1097

They can always run off with your money, any company that holds your funds, can. They may or may not get away with it,  history suggests they probably can, but thats besides the point. The real point here is that while legitimate companies might scam you, the ponzi's will.
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May 19, 2015, 10:04:19 AM
 #1098

hashwar.co collapsed 2 months ago. Wink

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May 19, 2015, 11:29:56 AM
 #1099

Whatever..., better to buy at hashnest.com anyway and sleep calmly, if BTC is to crash everybody goes to hell no matter what, but at least you know you're mining at manufacturer. All those others just resell the same S5 with a portion for themselves Tongue

True. Unless the manufacturer decides to run. Anyone remembers Amhash?

You're not trying to imply that Bitmain could run? Wink
I mean it can be arrested by government since they are in China or some other legal or force of nature stuff may happen, but I can't imagine a scenario where they would run like those companies involved in Amhash scam. It is the main manufacturer of equipment today, so hardly it would benefit them in the long run. Unless someday they will get outclassed by competition like in AM case and decides to make the most before closing up.

No, I m not trying to imply anything. I ve had nothing but great service from Bitmain so far.

However, this is crypto economy, anything can happen even to the best.

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May 21, 2015, 03:08:36 PM
 #1100


i've been out of the circle after buying in ASIC miner a year ago but diff increased so high that electric bill is already higher than what is being mined...


stumbled upon cloudminr.io just a few days ago.. got my blood boiling for BTC again...

paid in .11 BTC yesterday to get 100ghs....


then read this... lols..


damn.. should have stayed away from BTC thingies... =D
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