▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

[JessicaG]

What about Hashocean ? Is it Ponzi or Legit ?

At least read some of the stuff posted here, before asking same questions over and over again 

Here you go, and decide for yourself: https://bitcointalk.org/index.php?topic=878387.msg14980900#msg14980900

[1715694049]

1715694049

[1715694049]

1715694049

[clownius]

Can we please for the love of GOD move GAW from Obsolete to collapsed Ponzi....

Bloody Hell even the SEC has claimed they are a Ponzi and is dragging them through the courts...

[d57heinz]

Can we please for the love of GOD move GAW from Obsolete to collapsed Ponzi....

Bloody Hell even the SEC has claimed they are a Ponzi and is dragging them through the courts...

No kidding. Also one that had some very suspicious happenings was amhash.. They supposedly got 3 ph of hw stolen over xmas of 2014    They backed hashie.co and it went full ponzi too.. I got the raw end of both those deals only had a small amount in hashi.co but lost over 10 th/s on amhash.  Never to hear of it again.  Now with the whole ethereum DAO mess btc centralizing and difficulty going to the moon im contemplating throwing in the towel.  Been a interesting ride to say the least!  Need to step back and enjoy my summer.. this shit is far too stressful on a day to day basis  Being at this since march of 2014 day in day out its time for a much needed break.  Getting to frustrated with it all it seems anyway

Best Regards and good luck to all .. get out and enjoy the fresh air.. I think we all could use it
d57heinz

[GMK]

Does anybody know if somewhere there's a full report with history and stats about any cloud mining/HYPE (existing and already bankrupted)?

[daniele_83]

Hi guys, some info:

How do you rate bw.com I see it's considered legit here... how is the service? Couldnt find much reviews.

Is there also the 20 day roi or killing account policy?

Thank you vm

edit

B16 hash investment agreement will last for the life of the miners which are designed to perform for 24 months. The B16 hash investment will terminate automatically when the average mining income can not bear the electricity fee for consecutive ten days.

found it...   

[elrippo]

It looks like CLDmine is already down: https://cldmine.com



I think there is no doubt what will happen next .. Tomorrow a new topic in "scam accusation" section.. 

For sure 

Just as a reminder --> cldmine.com is not reachable anymore, so this should be tagged as collapsed 

[tmfp]

Hi guys, some info:

How do you rate bw.com I see it's considered legit here... how is the service? Couldnt find much reviews.

Is there also the 20 day roi or killing account policy?

Thank you vm

edit

B16 hash investment agreement will last for the life of the miners which are designed to perform for 24 months. The B16 hash investment will terminate automatically when the average mining income can not bear the electricity fee for consecutive ten days.

found it...   

They're currently showing 18.5% earning/electricity ratio on B16 and also strongly implying that they are mining with their new 14nm gear, so if you want to cloud mine this close to the halving they probably look as good a bet as anything.
That's if you don't suffer existential angst at supporting the Big Yellow Machine.... 

[tmfp]

Just to get some crappy scam sites into the search system, the following all rate solid 7/7 as ponzi "cloudmining" scams

bitstrategy.net/

coinhash.net/

bitcoremining.com/

sky-hash.com/

gigahash.org/

and the brilliantly named

scurmrr.com/

 

[elrippo]

Just to get some crappy scam sites into the search system, the following all rate solid 7/7 as ponzi "cloudmining" scams

bitstrategy.net/

coinhash.net/

bitcoremining.com/

sky-hash.com/

gigahash.org/

and the brilliantly named

scurmrr.com/

 

Did you check cldmine.com ....

[tmfp]

Did you check cldmine.com ....

I hope you are joking, that piece of shit has been on the list since early March.

[elrippo]

Did you check cldmine.com ....

I hope you are joking, that piece of shit has been on the list since early March.

No i am not, and yes i now that it is on the list, but did you add it to the collapsed ones, since the HP is not reachable anymore, that was my initial question 

[ImHash]

Giga hash scam?  lawls good I didn't put any sh*t in there
shouldn't there be some kind of security measures to prevent such scams? just a thought if we could ever use something like block chain
system for cloud mining ISH?

I also strongly recommend to just invest the minimum in hash ocean if you ever wanted to invest anything or if you are getting payments then don't re-invest them and just take them and keep in your wallet, because re-investing might help to prolong the ponzi.

 
Cheers.

[Ethey]

What do you guys think over hashocean.com and the copy bitsrapid?

[revo999]

http://www.cnbc.com/2015/07/23/bitcoins-war-could-threaten-its-survival.html

"There is literally a war going on right now in the bitcoin world," Marco Streng, CEO of Genesis Mining, told CNBC last month.

http://www.cnbc.com/2016/03/03/reuters-america-icelands-genesis-launches-first-bitcoin-mining-fund.html

"The fund would be clearly focused on bitcoin mining, but we can also purchase bitcoins directly from the exchanges," said Streng said in an interview.

http://www.bloomberg.com/news/articles/2016-01-07/the-return-of-bitcoin-mining

"In a price-rising scenario, you can see demand that's tripling," says CEO Marco Streng. "And sometimes even higher."

is this makes legit ?

[BitcoinSupremo]

http://www.cnbc.com/2015/07/23/bitcoins-war-could-threaten-its-survival.html

"There is literally a war going on right now in the bitcoin world," Marco Streng, CEO of Genesis Mining, told CNBC last month.

http://www.cnbc.com/2016/03/03/reuters-america-icelands-genesis-launches-first-bitcoin-mining-fund.html

"The fund would be clearly focused on bitcoin mining, but we can also purchase bitcoins directly from the exchanges," said Streng said in an interview.

http://www.bloomberg.com/news/articles/2016-01-07/the-return-of-bitcoin-mining

"In a price-rising scenario, you can see demand that's tripling," says CEO Marco Streng. "And sometimes even higher."

is this makes legit ?

I don't understand well your question, are you saying that Genesis-Mining is legit , cause they may have the mining equipment but as far as I know their mining equipment is outdated and cannot keep up with the difficulty rise so after 2-3 months there they tell you "We are sorry but are shutting down your miner because its not profitable anymore, you would have done the same if you had the miner in your house" , see the bigger scam here, you lose everything in a short amount of time. So Genesis-Mining is definitely not profitable , they maybe legit that they have some mining equipment but its not profitable and they don't say that in y our mining contract, thats where the scam lies with them.

[revo999]

I don't understand well your question, are you saying that Genesis-Mining is legit , cause they may have the mining equipment but as far as I know their mining equipment is outdated and cannot keep up with the difficulty rise so after 2-3 months there they tell you "We are sorry but are shutting down your miner because its not profitable anymore, you would have done the same if you had the miner in your house" , see the bigger scam here, you lose everything in a short amount of time. So Genesis-Mining is definitely not profitable , they maybe legit that they have some mining equipment but its not profitable and they don't say that in y our mining contract, thats where the scam lies with them.

I am not saying it is legit, I am asking about it relevant to media appearance

I found out that they have managed to appear in Major Media news [ business insider , CNBC , bloomberg ]

If anything happens , everyone Knows who is CEO, unlike Scamer sites who runs on fake or anonymous names

[suchmoon]

I don't understand well your question, are you saying that Genesis-Mining is legit , cause they may have the mining equipment but as far as I know their mining equipment is outdated and cannot keep up with the difficulty rise so after 2-3 months there they tell you "We are sorry but are shutting down your miner because its not profitable anymore, you would have done the same if you had the miner in your house" , see the bigger scam here, you lose everything in a short amount of time. So Genesis-Mining is definitely not profitable , they maybe legit that they have some mining equipment but its not profitable and they don't say that in y our mining contract, thats where the scam lies with them.

I am not saying it is legit, I am asking about it relevant to media appearance

I found out that they have managed to appear in Major Media news [ business insider , CNBC , bloomberg ]

If anything happens , everyone Knows who is CEO, unlike Scamer sites who runs on fake or anonymous names

Everyone knows the guy on the left too, used to appear on rags like WSJ:



It's been more than a year since he ran off and the bagholders are still holding empty bags.

[daniele_83]

Ehi the guy on the right was sponsoring Genesis Mining!

They're currently showing 18.5% earning/electricity ratio on B16 and also strongly implying that they are mining with their new 14nm gear, so if you want to cloud mine this close to the halving they probably look as good a bet as anything.
That's if you don't suffer existential angst at supporting the Big Yellow Machine....  

Thank you, I am not racist so, not the main problem for me actually.

Honestly I found the website not easy to understand at first shot and that 10 days make me wonder why should I choose their service over genesis mining (which offer 20 days fee redemption) or even better: hashnest.

Btw on hashnest they are not providing any news yet about the releasing of the new Antminers S9.

Then seems like Genesis-Mining has lower mainteinance fee compared to hashnest (0.0004 x Gh/s VS 0.0006)

I made an avg calc of the HashNest roi which took in consideration the halving reward (12.5) and the mainteninance fee of a S9 AntMiner



there's no much roi...

[quicksilv3r]

pozi or not hashocean pays! Daily  and i just broke even today.
invest in hashocean !

[tmfp]

pozi or not hashocean pays! Daily  and i just broke even today.
invest in hashocean !

Well, good for you, asshole.