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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 323702 times)
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Mabsark
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January 23, 2015, 11:45:23 AM
 #581

i cant find Minethatcloud's topic in forum
is it deleted?
and havent any news from them  Huh

Does it really surprise you that a "company" that refused to provide any evidence of legitimacy has buggered off with your money? Would you hand over money to some proper shady guy in a dark alley telling you to wait there and he'll be back soon with some goodies for you?

Just remember this from now on: No evidence of legitimacy for me, no fucking money for you.

To answer your question though, the thread is locked and buried a few pages in.

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January 23, 2015, 12:12:25 PM
 #582

i cant find Minethatcloud's topic in forum
is it deleted?
and havent any news from them  Huh

Does it really surprise you that a "company" that refused to provide any evidence of legitimacy has buggered off with your money? Would you hand over money to some proper shady guy in a dark alley telling you to wait there and he'll be back soon with some goodies for you?

Just remember this from now on: No evidence of legitimacy for me, no fucking money for you.

To answer your question though, the thread is locked and buried a few pages in.



firstly i was here with promotion free gh's
secondly yes it's suprise for me..
i know they will collabse but not in first week
it was very short life for them Smiley

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January 23, 2015, 12:48:36 PM
 #583

secondly yes it's suprise for me..
i know they will collabse but not in first week
it was very short life for them Smiley

Ah the old "I know it's a ponzi but if I get in early I can still profit" gamble

... Unlucky

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January 23, 2015, 03:05:53 PM
 #584

i cant find Minethatcloud's topic in forum
is it deleted?
and havent any news from them  Huh

here is their topic
https://bitcointalk.org/index.php?topic=924593.0
but it is locked

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January 23, 2015, 05:03:03 PM
 #585

secondly yes it's suprise for me..
i know they will collabse but not in first week
it was very short life for them Smiley

Ah the old "I know it's a ponzi but if I get in early I can still profit" gamble

... Unlucky

i told you, i dont invest any single satoshi to here
i was here with their free Gh promotion Smiley

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January 23, 2015, 05:13:05 PM
 #586

secondly yes it's suprise for me..
i know they will collabse but not in first week
it was very short life for them Smiley

Ah the old "I know it's a ponzi but if I get in early I can still profit" gamble

... Unlucky

i told you, i dont invest any single satoshi to here
i was here with their free Gh promotion Smiley

This is why "free promotions" are a red flag for a ponzi.
They are giving away nothing, but the recipients bring the illusion of activity and are more likely to put some real money in after seeing a few bogus figures.

Extraordinary Claims require Extraordinary Evidence
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January 23, 2015, 05:47:13 PM
 #587

secondly yes it's suprise for me..
i know they will collabse but not in first week
it was very short life for them Smiley

Ah the old "I know it's a ponzi but if I get in early I can still profit" gamble

... Unlucky

Gladdens my heart to see the people playing this game get burned.
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January 23, 2015, 08:38:16 PM
 #588

clown?ious you should check the reasons behind that. I can not understand your problem if someone wants to risk HIS money for illusions? should i guess you tried to gain money and you lost and it created a psychological problem? Kiss

Most cloudmining companies are ponzi scams
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January 23, 2015, 10:32:12 PM
 #589

clown?ious you should check the reasons behind that. I can not understand your problem if someone wants to risk HIS money for illusions? should i guess you tried to gain money and you lost and it created a psychological problem? Kiss

Only lost money in Mt Gox and i tired 4 solid months to get out once the alarm bells started ringing. 

Im not stupid enough to play Ponzi miner. 

Never been a fan of anything cloud to be honest.  Except for ex-lease cloud servers off ebay  Grin
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January 27, 2015, 09:19:26 AM
 #590

Here's another two CLOUD MINING SERVICES for you to look at:

Thanks, added both with preliminary assessment.
For POW88 :
pow88.com             1+2                => 2/7 = Probably legit (preliminary assessment)

I didnt give them a point for referral because its only 1%. PIctures dont look impressive, but neither does the available hashrate (50TH), this is a small operation.

Cloudmining.sg doesnt look that good so far:
cloudmining.sg        1+2+3+4+7          => 5/7 = (very) suspicious (preliminary assessment)

And ive been generous granting them point 6 (identity) despite the fact there isnt even a contact address on their site, but I guess this will do:
https://www.linkedin.com/pub/neal-blackburn/25/305/139



Dear OP,
Thank you for providing the service to educate us on how to spot Ponzi Schemes, as such operators have tainted the cloudmining industy negatively.
Your commended efforts are much needed and lacking in this industry that lacks transparency and regulation.  

I'm Peter (http://sg.linkedin.com/in/peteryeo), Founder of Cloudmining.SG FB.com/cloudminingsg
Our apologies for our poorly maintained website as we have yet to focus our efforts on the marketing elements such as website of cloudmining.sg as we have a lean team and we were focused on gearing up the infrastructure of the facility. Due to our economies of scale and local government support, we have managed to obtain an extremely low cost of US$0.084 per kwh, which has allowed us to continue to be profitable vs other unprofitable cloudmining operations that were forced to shutdown.

I would like to invite you to visit our 4MW capacity mining facility with over 3% of the 1.1TH/s Global hashrate of Litecoin and Dogecoin
(if you are in the region or anyone from the forum who is based here or is attending the InsideBitcoinSG event in Singapore.)
http://i62.tinypic.com/30sda1i.jpghttps://drive.google.com/a/cloudmining.sg/file/d/0B3o50kQaonk-S19NTU5PX0kxRWc/view?usp=sharing

We have previously been interviewed by the Local Newspaper - The Business Times (Singapore)
http://www.cloudmining.sg/blog
Interview by Local Newspaper Article-Jul 2014

and we are the Main Sponsor at the InsideBitcoins Conference in Singapore
http://insidebitcoins.com/singapore/2015/sponsors

Bear in mind if you are in Singapore, the authorities are extremely strict, where the authorities will even charge a fine for chewing bubblegum, let alone run a shady operation.
Hefty Fine and even Jail time for chewing gum   Grin Grin Grin
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January 27, 2015, 01:29:13 PM
 #591

Looks like you can officially put hashie.co as collapsed. 
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January 27, 2015, 02:20:41 PM
 #592

Looks like you can officially put hashie.co as collapsed. 

Ha,
hashie.co | Error 522 Ray ID: 1af59507a9f804ce
Connection timed out
...another one bites the dust
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January 27, 2015, 03:56:05 PM
 #593


Bear in mind if you are in Singapore, the authorities are extremely strict, where the authorities will even charge a fine for chewing bubblegum, let alone run a shady operation.
Hefty Fine and even Jail time for chewing gum   Grin Grin Grin


Hey Peter, maybe you could setup your webserver so it works also without www Wink

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January 28, 2015, 09:25:23 AM
 #594

...
I'm Peter (http://sg.linkedin.com/in/peteryeo), Founder of Cloudmining.SG FB.com/cloudminingsg
Our apologies for our poorly maintained website as we have yet to focus our efforts on the marketing elements such as website of cloudmining.sg as we have a lean team and we were focused on gearing up the infrastructure of the facility. Due to our economies of scale and local government support, we have managed to obtain an extremely low cost of US$0.084 per kwh, which has allowed us to continue to be profitable vs other unprofitable cloudmining operations that were forced to shutdown.

I would like to invite you to visit our 4MW capacity mining facility with over 3% of the 1.1TH/s Global hashrate of Litecoin and Dogecoin
(if you are in the region or anyone from the forum who is based here or is attending the InsideBitcoinSG event in Singapore.)
 ..

Thank you for providing additional information.  
The google drive link doesnt work without permission, but I will grant you the point for #3 based on the picture you did post.
Unfortunately for you, that still leaves you with 4 points, at least one of which should be easy to address by publishing your pool / mining address(es) details.
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January 28, 2015, 09:26:23 AM
 #595

Looks like you can officially put hashie.co as collapsed. 

Its been marked as such for ages.
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January 28, 2015, 09:49:04 AM
 #596

New kid on the block:

http://hashwar.co/

I would give them a 6/7 score. They don't have an affiliate program, the rest is highly suspect.

This needs a bump, Puppet Wink

Shameless affiliate link:
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January 29, 2015, 06:02:30 PM
 #597

We found this news not yet confirmed in the Italian Cointellect FB group (in which there's also Daniel Fonseca from the company).

That's what they say...

Quote
With hard work. The thing is we have more than 70000 customers. Lots of them when bitcoin drop request the money. We are a small company and we were not expecting so much request. So when we started with the delays, more and more customers did the same and start to request money. So our system failed. If all customers of a bank went there to take out the money, in the same day, the bank will not pay you. Everyone knows that and accept. We are passing the same. There is feel of fear in the air and a kind of panic and lots of customers made a lot of requests. So We are paying very slowly because the number of request is too high. I am sorry for that situation but like I told before we are working hard to pay to all customers.

Seneca said: “There is no favorable wind for the sailor who doesn’t know where to go“.
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January 29, 2015, 06:55:17 PM
 #598

So cointellect is collapsing.. no actual mining company would have trouble paying out what they mine.

In other news, Skycoinlab tried to win a point in my scoring by disclosing domain name registration info.
Which only lead me to find out the guy behind it is a serial ponzi organiser:
https://bitcointalk.org/index.php?topic=583177.msg10298730#msg10298730

Talk about shooting yourself in the foot!

Oh, and I added hashwar a while ago, forgot to mention it.
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January 29, 2015, 08:50:18 PM
 #599


In other news, Skycoinlab tried to win a point in my scoring by disclosing domain name registration info.
Which only lead me to find out the guy behind it is a serial ponzi organiser:
https://bitcointalk.org/index.php?topic=583177.msg10298730#msg10298730

Talk about shooting yourself in the foot!

Funnily enough, I came across the MLM world myself just recently, when I followed im0rtel's (the MineThatCloud shill) strange sig.
It led to "BitClub Network, a Passive Bitcoin Mining Opportunity" (7/7 on the Puppet Scale)

https://bitcointalk.org/index.php?topic=762075.msg10260402#msg10260402

If you were to think that "passive" here refers to the ease of having a cloud mining contract, you would be wrong.
It's classic MLM (Multi Level Marketing) speak for a matrix referral program.
Briefly, MLM's are similar to Ponzi's but distribute the suckers' money amongst themselves by moving up thru levels.
This is a huge industry worldwide, recruitment done by high pressure selling to naive investors and "Bitcoin mining" is perfect material for them.
Just to give an idea of how they view Bitcoin mining, have a look at  https://www.bitcoincycler.net/ 
Go to the Comp Plan page, they hardly mention hashrate or difficulty, it's all about referral levels and marketing bullshit.

BitcoinCycler is "sponsored by Skycoinlab", as is made clear on Lavoie's Google+ page, he runs them both https://plus.google.com/110365658930595040182/posts.

And as the http://behindmlm.com/ scambusters report, both Skycoinlab and BitClub Network operators have their roots in the $500m Zeek Rewards ponzi.
These people are thieving filth.

Extraordinary Claims require Extraordinary Evidence
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January 29, 2015, 11:56:40 PM
 #600

it seems cloudmin.in was born to die
it is down last two days
they even did not start wide advertisement (or I missed it)

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