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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 319696 times)
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MrTeal
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January 31, 2015, 08:30:01 PM
 #621

Bitman/Hashnest also seems to start going down. People start reporting very weird things, blocks cannot be found for 7-8 hours which results in negative profits. This whole cloud mining industry seems to be one large pile of crap.

last day was hard for hashnest
especially for UMISOO owners

Time   Block*   Payout/THS   BTC/Price(BTCchina-CNY)   Duration   Maintenance/THS   Earnings/THS
2015-01-31 10:08:51   341281   0.0007373   1455.2   2 h 44 m 43 s   0.00113195   -0.00039465
2015-01-31 07:13:23   341266   0.0007367   1420.65   4 h 5 m 47 s   0.00173004   -0.00099334
2015-01-31 03:42:02   341246   0.0007321   1414.25   1 h 7 m 21 s   0.00047621   0.00025589
2015-01-31 02:23:17   341238   0.0007269   1416.0   7 h 12 m 46 s   0.00305623   -0.00232933
2015-01-30 19:29:31   341195   0.0007321   1426.76   3 h 49 m 31 s   0.00160869   -0.00087659
2015-01-30 15:16:24   341171   0.0007338   1424.75   2 h 53 m 39 s   0.0012188   -0.000485
2015-01-30 13:37:20   341158   0.0007185   1441.71   7 h 53 m   0.0032808   -0.0025623

Thats what I ve been saying. They used to find 3 blocks in an hour, now 4 hours per block is an average. Very fishy.
The might have occasionally found 3 blocks in an hour, but that was nowhere near their average. You would need 150PH/s to find 3 blocks an hour.
More likely they were lucky for awhile, and are in a stretch of bad luck. It happens.
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February 01, 2015, 02:39:11 AM
 #622


Already listed

Code:
terabox.me            1+2+3*+4+5+6+7*    => 6/7 = Ponzi (pictures are not convincing to me for now, exit strategy involves  60+ days stall tactic)

Buy & Hold
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February 01, 2015, 08:27:16 PM
 #623

Well, when you have a marketplace that is devoid of all regulation and law enforcement  then morale and confidence soon goes out the window for the simple reason that the playing field isn´t level for the players. Scammers, which have free play in such an insane environment have unfair advantage in the market for reasons that should be clear to most people.

The true libertarians don't find that unfair. To them, the people that get scammed have only themselves to blame. This is a result of their atomic view of people, where everyone is really isolated from everyone else, most notably in the realm of ethics and morals. That sentiment resounds in this thread too.

You can read about how the world would look if the libertarians took over in a book that is very popular in America, Atlas Shrugged by Ayn Rand. To me, a sociopathic dystopia, to most libertarians a bible.

http://en.wikipedia.org/wiki/Atlas_Shrugged

=P
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February 01, 2015, 08:37:13 PM
 #624

Like I said, talk to the wall. These people would never ever associate zero buying interest in bitcoin and constantly tanking price with cratering confidence and trust due to their bankrupt ideology. These morons really believe that a total lack of any regulation and law enforcement attracts the broad public to a marketplace.

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February 02, 2015, 10:50:08 AM
 #625

Someone mentioned this one to me, it actually made me laugh

http://www.minerking.com/

Sadly 100PH for $59 is out of stock Smiley

You can still buy



At least they are honest enough to show you will get $0 back

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February 02, 2015, 10:52:19 AM
 #626

GAWminers collapsed.



Finally!

This is the gold standard for mining ponzis. You have got to respect them the way they managed to keep continuing for so long and then provided the grand finish with Paycoin.

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..BREAKOUT COIN ..
  M U L T I C U R R E N C Y   S M A R T   C O N T R A C T S   +   S I D E C H A I N S
★     B I T C O I N T A L K   T H R E A D     |     W E B S I T E     |     T W I T T E R     |     G I T H U B     ★
.
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February 02, 2015, 07:53:47 PM
 #627

Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.

Boost Your Credit Score Here
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February 02, 2015, 08:12:02 PM
 #628

Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.

If you have anything legitimate to say, then why not just say it instead of dicking around.
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February 02, 2015, 10:27:47 PM
 #629

VERY long blogpost of the CEO of Megamine about Cloudmining. Has some interesting points on how to distinguish between legitemate and non-legitemate companies. Puppet's list is way better but some interesting points none the less!

http://www.megamine.com/cloudhashingdoomed.php

Megamine is somewhat overlooked. They used to only offer fully inclusive packages, now also pay-as-you-go (with fees).

=P
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February 03, 2015, 04:02:42 PM
 #630

Puppet needs more than thanks...

Seneca said: “There is no favorable wind for the sailor who doesn’t know where to go“.
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February 04, 2015, 03:27:46 AM
 #631

cloud mining is doomed.
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February 04, 2015, 09:50:21 AM
 #632

Does somebody use BW Pool?
https://www.bw.com

By organofcorti they have 20Phs+
http://organofcorti.blogspot.ru/2015/02/february-1st-2015-block-maker-statistics.html
MrTeal
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February 04, 2015, 01:55:13 PM
 #633

Are they selling cloud mining? Their English site is a bit of a mess, but it seems like "The B Plan" might be some kind of cloud mining.
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February 04, 2015, 03:36:55 PM
 #634

Are they selling cloud mining? Their English site is a bit of a mess, but it seems like "The B Plan" might be some kind of cloud mining.

Yes, they do! And you are right, B Plan is cloud mining. There are 3 types: B1-1, B9-1 & B9-2.

Using Google translator:

Quote from: B1-1
1.47 PH/S...
Each B1 expected earnings yesterday: 0.016BTC- (1.05 × 0.5 × 24 hours yuan / kwh)/1396.000 yuan /BTC=0.007BTC, equivalent to 6.47 months left back this cycle.
One planned total output of the current currency : 1120.13910693BTC
Summary:
The total output of one program yesterday's coins : 15.54174BTC
Yesterday Net: 7.64674BTC
Yesterday electricity accounting : 22451.560 degree
Current electricity: 0.5 yuan / kWh

Quote from: B9-1
1.21 PH/S...
Each B9 expected earnings yesterday: 0.108BTC- (8.3 × 0.5 × 24 hours yuan / kwh)/1416.70 yuan /BTC×0.85=0.032BTC, equivalent to 7.26 months left back this cycle
The total output of the current currency Jiu plan : 617.379BTC
Summary:
Nine plans yesterday coins total output : 14.159BTC
Yesterday net : 5.019BTC
Yesterday electricity accounting : 25896 degrees
Current electricity: 0.5 yuan / kWh

Quote from: B9-2
2.93 PH/S...
Each B9 expected earnings yesterday: 0.107BTC- (8.3 × 0.5 × 24 hours 千瓦时 yuan / kwh)/1415.33 yuan /BTC×0.85=0.031BTC, equivalent to 8.60 months left back this cycle
The total output of the current currency Jiu plan : 812.865BTC
Summary:
Nine plans yesterday coins total output : 34.809BTC
Yesterday net : 11.938BTC
Yesterday electricity accounting: 64740 degrees
Current electricity: 0.5 yuan / kWh

Once again, this was translated using Google Translator, so the translated words may not be accurate. However, you can get an estimate details. The only thing I like about them is they display the electricity details(no matter whether it is correct or not). Anybody saw any other news about this cloud mining(atleast what they claim)?

P.S. In Hashrate Bank, they have mentioned some sort of interest in both BTC and LTC.

Edit : They actually mine and they already found 69 blocks. Reference: https://www.blocktrail.com/BTC/pool/bwpool.

   -MZ

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February 04, 2015, 05:43:46 PM
 #635

I think this is a great thread and should be stickied to help new users determine who are running a ponzi scheme,

Thanks Puppet.

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February 05, 2015, 04:01:15 AM
 #636

I agree, great service to the community Puppet
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February 05, 2015, 08:34:16 AM
 #637

hey puppet!

i just wanna say thank you very much and that i truly appreciate your excellent work here.

please don't get tired of putting in great effort in this.

i believe that your thread here has been a pivotal factor regarding decision making for those who have invested in cloud mining recently.

there are a great number of people who are not active in the forum and are just constantly reading to get themselves updated (like me).

:-)

< Most cloud mining companies are Ponzi schemes! >
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February 05, 2015, 02:48:33 PM
 #638

They are a lot of bad news about Cointellect
maybe it was collaps too..

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February 05, 2015, 03:31:59 PM
 #639

They are a lot of bad news about Cointellect
maybe it was collaps too..

its very bad news then for all investors of this mining site
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February 05, 2015, 04:31:13 PM
 #640

Are they selling cloud mining? Their English site is a bit of a mess, but it seems like "The B Plan" might be some kind of cloud mining.

Yes, they do! And you are right, B Plan is cloud mining. There are 3 types: B1-1, B9-1 & B9-2.

Using Google translator:

Quote from: B1-1
1.47 PH/S...
Each B1 expected earnings yesterday: 0.016BTC- (1.05 × 0.5 × 24 hours yuan / kwh)/1396.000 yuan /BTC=0.007BTC, equivalent to 6.47 months left back this cycle.
One planned total output of the current currency : 1120.13910693BTC
Summary:
The total output of one program yesterday's coins : 15.54174BTC
Yesterday Net: 7.64674BTC
Yesterday electricity accounting : 22451.560 degree
Current electricity: 0.5 yuan / kWh

Quote from: B9-1
1.21 PH/S...
Each B9 expected earnings yesterday: 0.108BTC- (8.3 × 0.5 × 24 hours yuan / kwh)/1416.70 yuan /BTC×0.85=0.032BTC, equivalent to 7.26 months left back this cycle
The total output of the current currency Jiu plan : 617.379BTC
Summary:
Nine plans yesterday coins total output : 14.159BTC
Yesterday net : 5.019BTC
Yesterday electricity accounting : 25896 degrees
Current electricity: 0.5 yuan / kWh

Quote from: B9-2
2.93 PH/S...
Each B9 expected earnings yesterday: 0.107BTC- (8.3 × 0.5 × 24 hours 千瓦时 yuan / kwh)/1415.33 yuan /BTC×0.85=0.031BTC, equivalent to 8.60 months left back this cycle
The total output of the current currency Jiu plan : 812.865BTC
Summary:
Nine plans yesterday coins total output : 34.809BTC
Yesterday net : 11.938BTC
Yesterday electricity accounting: 64740 degrees
Current electricity: 0.5 yuan / kWh

Once again, this was translated using Google Translator, so the translated words may not be accurate. However, you can get an estimate details. The only thing I like about them is they display the electricity details(no matter whether it is correct or not). Anybody saw any other news about this cloud mining(atleast what they claim)?

P.S. In Hashrate Bank, they have mentioned some sort of interest in both BTC and LTC.

Edit : They actually mine and they already found 69 blocks. Reference: https://www.blocktrail.com/BTC/pool/bwpool.

   -MZ

It's not clear what the price for 1Ghs? And what about 45% in a parameters of B1 mining contract?
Does somebody understand?  Grin
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