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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 337783 times)
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Borgminer
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February 20, 2015, 06:25:54 PM
 #661

how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .
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Muhammed Zakir
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February 20, 2015, 06:37:22 PM
 #662

how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .

Every ponzi do it. It is mostly a scam because it isn't providing legit-proofs about their mining. They didn't publish a block solved by them. Take a look at PBMining and you will know what we're telling.

   -MZ

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February 20, 2015, 07:02:34 PM
 #663

so in order to not be a ponzi they need to answer those questions .   so even if a person meets roi after 6 months and still earning they are a ponzi ?  or would it be considered a failed business .   I dont know how long site has been open but they have been paying out since dec 1 for me .  now whats really funny thats not on the list is Eobot. now thats a scam . advertising and selling ghs and not giving the speed .  then charging 84 percent of what you mined. 
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February 20, 2015, 07:11:42 PM
 #664

so in order to not be a ponzi they need to answer those questions .

Yes.

so even if a person meets roi after 6 months and still earning they are a ponzi ?

Yes, they are unless they give proof.

or would it be considered a failed business .

It is upto them to decide it but once it is obsolete, we can tell "they are failed business".

I dont know how long site has been open but they have been paying out since dec 1 for me .

Their domain was first registered on 2014-10-30.

now whats really funny thats not on the list is Eobot. now thats a scam . advertising and selling ghs and not giving the speed .  then charging 84 percent of what you mined. 

Eobot is there in 'Ticking timebombs' where you saw Cloudminr.

   -MZ

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February 20, 2015, 07:13:36 PM
 #665

so in order to not be a ponzi they need to answer those questions .   so even if a person meets roi after 6 months and still earning they are a ponzi ? 
Yes. ROI for one account does not mean ROI for the whole company. Not everyone will be able to ROI, it's a scam if they claim so. If however they mine and everyone gets provable fresh coins based on their invested contracts, or the whole company receives coins proportional to all contracts combined, then they are not a scam.
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February 20, 2015, 09:17:05 PM
 #666

so in order to not be a ponzi they need to answer those questions .   so even if a person meets roi after 6 months and still earning they are a ponzi ?

Perhaps you need to research what a "ponzi" actually is.

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

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Borgminer
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February 20, 2015, 09:34:42 PM
 #667

so you think they are paying with other peoples investments ? if not then it isnt a ponzi
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February 20, 2015, 09:47:16 PM
 #668

so you think they are paying with other peoples investments ? if not then it isnt a ponzi

It's not really based on what someone "thinks", is it? It's relatively easy for a cloud mining business to prove that are making new coins, i.e. mining, as well as answer most of the other questions raised in the OP. That alone is not a sufficient proof of ponzi/non-ponzi, but failing to do so is one of the biggest red flags. Considering how many scams have recently collapsed it is extremely dumb for a legitimate business to make itself look like a scam.

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February 21, 2015, 12:42:43 AM
 #669

so you think they are paying with other peoples investments ? if not then it isnt a ponzi

That's right, because it's not from mining.

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Borgminer
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February 21, 2015, 02:09:27 AM
 #670

the reply i received



Hello!

Our hashrate is split amongst the major pools as well as smaller ones. The split does change often but for the most part, we are on GHash.IO

Best regards,
Adrian
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February 21, 2015, 02:23:44 AM
 #671

the reply i received



Hello!

Our hashrate is split amongst the major pools as well as smaller ones. The split does change often but for the most part, we are on GHash.IO

Best regards,
Adrian

Easy, show us the ghash.io mining payout address.

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February 21, 2015, 02:59:38 AM
 #672

so in order to not be a ponzi they need to answer those questions .   so even if a person meets roi after 6 months and still earning they are a ponzi ?  or would it be considered a failed business .   I dont know how long site has been open but they have been paying out since dec 1 for me .  now whats really funny thats not on the list is Eobot. now thats a scam . advertising and selling ghs and not giving the speed .  then charging 84 percent of what you mined. 

even if someone ROI, there are others depost that hasnt reached ROI , example of pbmining, those who deposited earlier could have got what they invested already but there are tons that hasnt reached ROI

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February 23, 2015, 10:30:12 AM
 #673

Going over the list, I noticed ecrypto.co.in and chabatmining.com vanished (shocking!).
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February 23, 2015, 12:05:06 PM
 #674

Bitcoin at $350

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?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

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February 24, 2015, 02:49:55 PM
 #675

Bitcoin at $350

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?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

Yeah it's a ponzi which draws almost 1bil $ in VC and thousands of most brilliant minds on the planet are working on it right now.
If you solely watch the price as its success indicator, you're in the wrong field, mate.
BTC price is currently mostly decided by daytraders/market maker. Someone with 10-20mil $ in capital could move the market as they wish.
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February 24, 2015, 04:50:31 PM
 #676

Bitcoin at $350

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?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

Yeah it's a ponzi which draws almost 1bil $ in VC and thousands of most brilliant minds on the planet are working on it right now.
If you solely watch the price as its success indicator, you're in the wrong field, mate.
BTC price is currently mostly decided by daytraders/market maker. Someone with 10-20mil $ in capital could move the market as they wish.


Yeah, I guess that explains the constantly anemic volume and about zero buying interest. Sounds like your usual success indicator.

pajaperc
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February 24, 2015, 08:13:58 PM
 #677

so in order to not be a ponzi they need to answer those questions .   so even if a person meets roi after 6 months and still earning they are a ponzi ? 
Yes. ROI for one account does not mean ROI for the whole company. Not everyone will be able to ROI, it's a scam if they claim so. If however they mine and everyone gets provable fresh coins based on their invested contracts, or the whole company receives coins proportional to all contracts combined, then they are not a scam.

fresh coins. hmmm... it's just now that i've realized that.

so can it be proof already? a claiming-to-be-cloud-miner-company should be able to provide coins (enough to cover for the claimed hashrate, length of operation and remaining free GHs for customers).

i remember seeing this claim from one of them stating:

FRESHLY MINED COINS

We are selling freshly mined that have not been used in any transactions at a 5% markup for mixing purposes.

< Most cloud mining companies are Ponzi schemes! >
CanInvest
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February 25, 2015, 03:18:17 PM
 #678

I havn't seen any analysis of miningsweden.se on the OP.
Have you researched them already?

suchmoon
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February 25, 2015, 03:46:25 PM
 #679

so can it be proof already? a claiming-to-be-cloud-miner-company should be able to provide coins (enough to cover for the claimed hashrate, length of operation and remaining free GHs for customers).

The problem is that you still need to trust the "company" to tell you how much they sold. They could provide mining proof for some hashrate but sell many times more (fractional mining).

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February 26, 2015, 12:17:34 AM
 #680

The problem is that you still need to trust the "company" to tell you how much they sold. They could provide mining proof for some hashrate but sell many times more (fractional mining).

Seems so simple, yet none of the scams prove any hashrate, which is why proving hashrate is such a good indicator to scams.

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