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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 347866 times)
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jimmothy
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March 07, 2015, 10:02:24 PM
 #821

oh and to that jimoty or whatever shill - you go bash amhash now as you did on gaw cause gaw is an angel in the way they scammed their customers compared to this china corrupt bastards shit

I'll hop on the amhash hate train as soon as it's proven to be a scam. At this point the only evidence that it's a scam is the fact that payments have stopped and the CEO is missing. I am not going to lie and say it's definitely not a scam, but in my opinion I find it much more likely that their story is legit. (hardware stolen)

You must not be following the whole GAW scam if you think they treated their customers better. GAW led on their investors for ~6 months promising every week that profit is just over the horizon. Now xpy is worth 1/25th of what was promised.

If this is the end for amhash, people who bought at IPO would have a ~40% loss. Meanwhile GAW/xpy investors are looking at a 90-95% loss in btc.
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flyingplows
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March 07, 2015, 10:07:17 PM
 #822

p.s. puppet, before i log off i must say that i forgive you... since it was just a start for me it was not a big sum, but i advise others not to trust your rating cause u get scammed like me...
p.s.2. stay tunned for my own thread: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi/scam risk evaluators shills assessment) ▆ ▅ ▄ ▂ ▁ )  Grin Grin Grin
p.s.3. fuck you too and of course your acc clones too  Wink

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March 07, 2015, 10:20:07 PM
 #823

Look Pup, you have had such nobile intentions, you have became even popular, an authority in the field of ponzis and scams of all sorts in bitcoin mining and look what happened? You were fooled, not your fault but still someone followed your recommendation/opinion and lost.
Cut the bullshit.

He can't predict thefts and bankruptcy. He only signaled which companies were guaranteed to scam you 100% of your money because they were lying about their business model.

AMhash operated according to all points until recently. This thread doesn't protect you from business failure, it protects you from obvious business fraud.
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March 07, 2015, 10:58:45 PM
 #824

The scam has happened in this case. It is not a conjecture any more...

You are missing the main point of this thread, the clue is in the topic title where it says "ponzi risk assessment" and not "scam risk assessment"

But putting that fact aside you ignored the huge disclaimer in the first post that in summary says "investing in cloud mining is probably a daft idea"

Here is my summary of ALL cloudmining operations, that I posted in the spondoolies thread a while ago

Quote
There are only 2 types of cloud mining available

Genuine
Backed by real hardware and priced so that the provider makes all their profit up front, buyers take all the risk and if they are really really really really really lucky might start making a profit 6-12 months down the line, but with rising difficulty or falling BTC you can soon see a contract end up cancelled long before that point (see Usimoo, cex etc)
Chance of ROI <5%


Ponzi
Priced so that it appears the buyer will start making a profit in a much shorter timespan to make it appealing. Backed by no hardware at all and the operator runs away as soon as new suckers are sending in less money than the old suckers are withdrawing (see pbmining, hashie and a long list of others)
Chance of ROI <1%

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March 08, 2015, 01:29:16 AM
 #825

but i advise others not to trust your rating cause u get scammed like me...

You misunderstand the point of this thread. This is not a general risk assessment thread. It is simply 7 red flags. If you see these red flags, then the operation is likely a scam.

If you don't see these red flags, it tells you nothing about whether they are a scam or not.

This is the part you seem to misunderstand, so I'll repeat it. Make sure you understand it.

If you don't see these red flags, it tells you nothing about whether they are a scam or not.

Buy & Hold
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March 08, 2015, 07:38:55 AM
 #826

but i advise others not to trust your rating cause u get scammed like me...

You misunderstand the point of this thread. This is not a general risk assessment thread. It is simply 7 red flags. If you see these red flags, then the operation is likely a scam.

If you don't see these red flags, it tells you nothing about whether they are a scam or not.

This is the part you seem to misunderstand, so I'll repeat it. Make sure you understand it.

If you don't see these red flags, it tells you nothing about whether they are a scam or not.


i understand that and my point was that in my opinion these flags were absolutely misplaced and amhash should score 6.5. why they were misplaced that is the second question... but...
sorry to disturb you sirs, thanks for polite discussion, i wont post anymore here about this, go on with your agenda, just wanted to see what would be the resistance to a different opinion here  Wink

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March 08, 2015, 09:16:37 AM
 #827

Do people not know the definition s of ponzi and scam?
Muhammed Zakir
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March 08, 2015, 09:35:44 AM
 #828

Do people not know the definition s of ponzi and scam?

They know but because of their greediness, their resistance power is so low. Investors keep promoting it to keep the ponzi running as long as it can. Else they will loose their money. They are deliberately avoiding the truth "PONZI = SCAM"!!!

   -MZ

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March 09, 2015, 01:13:28 PM
 #829

Multimine just collapsed. It wasn't listed here, must be one of the shortest lived ponzis I've seen in a while.

Official thread:
https://bitcointalk.org/index.php?topic=971306.0;topicseen

Also, speaking of mining ponzis...
Here's a hilariously "not a shill" reddit thread I ran into a few days ago:

https://www.reddit.com/r/BitcoinMining/comments/2ya3ka/this_cloud_mining_website_has_actually_made_me/

Always use escrow. OgNasty is pretty sweet.

Help me out with compiling a list of mining datacenters!
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March 10, 2015, 04:41:50 PM
 #830

p.s. puppet, before i log off i must say that i forgive you... since it was just a start for me it was not a big sum, but i advise others not to trust your rating cause u get scammed like me...
p.s.2. stay tunned for my own thread: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi/scam risk evaluators shills assessment) ▆ ▅ ▄ ▂ ▁ )  Grin Grin Grin
p.s.3. fuck you too and of course your acc clones too  Wink


You forget this isn't about helping people, its about puppet being the all knowing guru. If you have been paying attention the "puppet system" is about a 50/50 for being reliable. Not bad, but then neither is blackjack. Then there is the issue of not actually admitting a miss RE: GAW which we all now know was a ponzi before GAW even existed. You proudly proclaim the founder of BCCS a "known sscammer" but never mention Garbozo's shady dealings on Ebay.

1KRuaLy9R7r328m2H67xxnJ8QeAbvCDe6C

Mr. GARBOZO you lost your bet pay up 100BTC
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March 10, 2015, 05:31:55 PM
 #831

GAW which we all now know was a ponzi before GAW even existed.
Sure, they are stealing your money since the 90's.

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March 10, 2015, 05:36:43 PM
 #832

Multimine just collapsed. It wasn't listed here, must be one of the shortest lived ponzis I've seen in a while.

Official thread:
https://bitcointalk.org/index.php?topic=971306.0;topicseen

Also, speaking of mining ponzis...
Here's a hilariously "not a shill" reddit thread I ran into a few days ago:

https://www.reddit.com/r/BitcoinMining/comments/2ya3ka/this_cloud_mining_website_has_actually_made_me/
Wow didn't even hear about this one yet, I at least expect noobs to promote it based off referral bonuses.

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March 11, 2015, 07:14:03 AM
 #833

Hypothesis

Fact 1: AM disappeared
Fact 2: Network hashrate didn't drop
Fact 3: New Chinese player - BW Pool ~40Phs

What do we know about BW Pool? Nothing.
What do we know about AM now? Nothing.

I suppose it's not a coincidence, FC is a part of BW Pool. It's scam, nothing personal.
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March 11, 2015, 07:36:49 AM
 #834

Seems unlikely. AM had ~5PH. BW is operating ~100PH (they host antpool too). Who would jeopardize a venture this large by including 5% worth of stolen hardware?
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March 11, 2015, 09:35:29 AM
 #835

Seems unlikely. AM had ~5PH. BW is operating ~100PH (they host antpool too). Who would jeopardize a venture this large by including 5% worth of stolen hardware?

I thought AM is more then 5Phs, AMHash in only 5Phs..
BW is 100Phs? Really? Who are they? They have an original cloud mining service, but I'm afraid they are also scam (though it's clear they have true mining). Do you plan to include them into your list?
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March 11, 2015, 10:16:57 AM
 #836

I thought AM is more then 5Phs, AMHash in only 5Phs..

It might have been a bit more at some stage, but it was probably even less than 5PH before it went down, as some smaller datacenter was reportedly unplugged due to too high costs. It was in that ballpark however, no where near 100.

Quote
BW is 100Phs? Really? Who are they? They have an original cloud mining service, but I'm afraid they are also scam (though it's clear they have true mining). Do you plan to include them into your list?

Ive been reluctant to add anything to the list for some time, as the main purpose of the OP is not the list but the criteria themselves and the logic behind it. The list started as illustration and now I see its become the focus, and it shouldnt be. People should make their own assessment and the criteria are there to help them filter out obvious ponzi's. I also dont want it to be abused as free advertising for fresh ponzi's, Ive noticed some cloudmining scams actually like being listed even if they score 7/7 on the ponzi scale, just because it gives them exposure to the ponzi gamblers.

As for BW;  I dont speak enough Chinese/chinglese to make a full assessment, but at first glance, it would probably score fairly well on my criteria, its clearly not an obvious scam, but neither was AMhash. So whether that means you ought to trust them is something I cant help you with and you know how I feel about (cloud)mining in general..
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March 12, 2015, 03:09:40 PM
 #837

this has been one of the most important thread so far.
I don't understand what people complain about.
There's no guarantee whatsoever in this world and if you still buy cloudmining related things prepare to burn.

Use your heads!

 Wink

Honeybadger does not care
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March 14, 2015, 07:11:28 PM
 #838

Hey guys, your are far better at judging whether something is ponzi/scam or a regular cloud mining severice. I just read this thread in bitcoin discussion
https://bitcointalk.org/index.php?topic=989670.msg10768529#msg10768529 And I want to ask you what do you think of it? It is legit announcement or another dubious cloud mining service is just popping out?


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March 14, 2015, 07:21:24 PM
 #839

Hello Puppet, your services are required by someone on the forum https://bitcointalk.org/index.php?topic=989670.0 I invite you to investigate my cloud business and I will also send you my skype so you an do a complete evaluation of me and my company.

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March 14, 2015, 10:50:16 PM
 #840

Hello Puppet, your services are required by someone on the forum https://bitcointalk.org/index.php?topic=989670.0 I invite you to investigate my cloud business and I will also send you my skype so you an do a complete evaluation of me and my company.

A Senior Member that creates a cloud mining company and asks to be audited is very positive. It will be interesting to see the audit by Puppet !

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