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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 308817 times)
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picolo
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March 14, 2015, 10:50:16 PM
 #841

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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March 14, 2015, 11:13:04 PM
 #842

Be careful. At the end of the day Puppet will disclose to the public whatever he gets as a privileged information to compromise you as he tried with kryptologika.com.



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March 14, 2015, 11:36:01 PM
 #843

Be careful. At the end of the day Puppet will disclose to the public whatever he gets as a privileged information to compromise you as he tried with kryptologika.com.




Hmm that seems unusual because in his reply to me he declined a skype call to make an educated decision added wiht the other info he finds but he said

"However, I have always maintained a "no privileged info" policy, I do not base my assessments on anything other than publicly verifiable information, so that anyone can double check my assessments without having to trust me or my judgement."

I am n ot sure how you can make a rating system people depend on if you arent even willing to skype to get some answers, especially in my case where my cloud business does not have the use or need for hardware nor promotes its use.

To be quite honest if you scroll thru this thread actually you will see I neither agree with his system nor like his biased info, but to appease my potential customers I wanted to see where we ranked. It will be hard for him as we do not do hardware mining its a new business no one has ever tried and so far has outstanding results for our clients. In less than a week I have watched as their daily earnings have increased 25% and the compounded interest earning on thier overall profit on investment have increased 5%.

Because of this I am very proud of the project we put together, i am happy with the coins we chose after all the extensive tests we went thru.


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March 14, 2015, 11:46:29 PM
 #844

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?

Let's see what they say...

We do not use mining hardware in our business because its not needed Smiley

A "mining" solution where there is no actual "mining" going on. Not so much a ponzi. More like a HYIP.

Buy & Hold
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March 15, 2015, 12:40:03 AM
 #845

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?

Let's see what they say...

We do not use mining hardware in our business because its not needed Smiley

A "mining" solution where there is no actual "mining" going on. Not so much a ponzi. More like a HYIP.

Also, Gleb Gamow has posted a convincing scam accusation against them:

https://bitcointalk.org/index.php?topic=990219.0
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March 15, 2015, 08:02:28 AM
 #846

Be careful. At the end of the day Puppet will disclose to the public whatever he gets as a privileged information to compromise you as he tried with kryptologika.com.

Hmm that seems unusual because in his reply to me he declined a skype call to make an educated decision added wiht the other info he finds but he said 

Its not because Im given privileged information (unasked) that I use that info for my assessment. I was told and given evidence kryptologika owned AMhash shares, but the scoring didnt reflect that, it still scored bad points for proving hashrate ownership, because the information wasnt public. Of course it became a different story once I knew kryptologika no longer had access to the hashrate it owned, and declined to share that info with its customer because 'they need not know'.

A "mining" solution where there is no actual "mining" going on. Not so much a ponzi. More like a HYIP.

Exactly. It therefore has no place in this list, but if you want my personal 2 cents: stay away. The whole scheme seems predicated on pump and dump coins.
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March 15, 2015, 09:21:41 PM
 #847

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?

Let's see what they say...

We do not use mining hardware in our business because its not needed Smiley

A "mining" solution where there is no actual "mining" going on. Not so much a ponzi. More like a HYIP.

Also, Gleb Gamow has posted a convincing scam accusation against them:

https://bitcointalk.org/index.php?topic=990219.0

First I should say after an extensive days of literal crap from Mr Gleb ....

Okay you win! Please accept my humble apology. I was just trying to see how far I could I push you. You past the test and I honestly believe in my heart of hearts that ShareMiners is legit.

I will close this thread and ask the mods to delete it after your last reply.

Later, bud.

Bruno Kucinskas

Ok now this thread:

There is Mining going on its called POS mining (Proof of stake). Our www.stakeminers.com/how.php shows you how combining staking power increases your staking weight on the network, and this results in more frequent stakes with higher rewards per stake. it works like regular mining and your connection to the network as a server enables you to confirm the transactions and help secure the network.

Because an operation of this size could fill a wallet up quickly we have to use more than one coin, we don't want to dominate a network because then your own blocks inside your wallet are fighting each other for a reward. So we have started with a few coins. Because a business like this could literally be forced to buy coins on a daily basis it also secures your investment because we make a lot of buys on the markets which helps to increase the value of the coins and help to make those increases more steady. This all  helps to increase the value of our investors original investments as well.

When putting this project together we first started looking into hardware POW mining, but then decided we wanted a way that we could offer a service that did not have maintenance fees or huge financial consumption in hardware. Situations like that can effect our investors income in a negative way and are things we can not control. As we researched we came across the benefits of POS coins so we began testing. As we tested more and more coins and their staking abilities, we found just the right few to start out with. Each coin does staking a little differently when it comes to the rewards you receive, but all of them have the same basic mechanics, you hold more coins you raise your staking weight on the network. Some coins you have to manually split blocks inside the wallet others do it automatically. So our business is not without work, we still have to manually split blocks sometimes in the wallets so our investors get the maximum income on their staking.

We then looked at the problems investors face with other cloud mining options, and the worst one we saw was the dreaded "I'm Sorry our service is under a DDOS attack" and we all know where that ends up. So to avoid this we do not host the wallets online at all, they are hosted in the office on computers where we can watch them, completely separate from the webserver. SO if one does hack and attack the website, our investors have a layer of security knowing their investment is not near the attackers. Altho this creates a lkot of manual data entry on our end, it still allows us to keep our members investments as safe as we can keep them away form online attacks against the site.

we really have spent a lot of time researching this project and it has actually proven better than we originally expected. the increases in earnings are moving faster than we tested right now, and the compound interest is moving very steadily as well.

EDIT:  I will like to say we do have mining hardware mining the POW sections of the coins we use, but this is to help pay for the overhead costs of the business as well as add extra coins to the wallets of our members. By doing this we pay the bills and at the same time have a little left over to add to the staking weight of our clients. It is a win win for both of us in the end. We do not rent this equipment out, we do not sell contracts for it, it is only used to back our investors up and pay the bills nothing more.

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March 15, 2015, 09:28:54 PM
 #848

There is Mining going on its called POS mining (Proof of stake). Our www.stakeminers.com/how.php shows you how combining staking power increases your staking weight on the network, and this results in more frequent stakes with higher rewards per stake. it works like regular mining and your connection to the network as a server enables you to confirm the transactions and help secure the network.

POS mining also can show proof of mining. Where is your proof that you are POS mining?

Buy & Hold
cyberpinoy
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March 15, 2015, 09:34:12 PM
 #849

There is Mining going on its called POS mining (Proof of stake). Our www.stakeminers.com/how.php shows you how combining staking power increases your staking weight on the network, and this results in more frequent stakes with higher rewards per stake. it works like regular mining and your connection to the network as a server enables you to confirm the transactions and help secure the network.

POS mining also can show proof of mining. Where is your proof that you are POS mining?

This image actually shows a few things, it shows yes we are staking in a wallet , yes we are also depositing to the wallet and NO we are not withdrawing from the wallet.

It also shows the increased staking amounts as we mine and deposit as well Smiley

Edit: LOL and if you look really close on the top left you can see cgminer running in the background as well LOL I didnt crop the image all the way on the left sorry.


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March 15, 2015, 09:48:52 PM
 #850

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?

Let's see what they say...

We do not use mining hardware in our business because its not needed Smiley

A "mining" solution where there is no actual "mining" going on. Not so much a ponzi. More like a HYIP.

Also, Gleb Gamow has posted a convincing scam accusation against them:

https://bitcointalk.org/index.php?topic=990219.0

First I should say after an extensive days of literal crap from Mr Gleb ....

Okay you win! Please accept my humble apology. I was just trying to see how far I could I push you. You past the test and I honestly believe in my heart of hearts that ShareMiners is legit.

I will close this thread and ask the mods to delete it after your last reply.

Later, bud.

Bruno Kucinskas

Ok now this thread:

There is Mining going on its called POS mining (Proof of stake). Our www.stakeminers.com/how.php shows you how combining staking power increases your staking weight on the network, and this results in more frequent stakes with higher rewards per stake. it works like regular mining and your connection to the network as a server enables you to confirm the transactions and help secure the network.

Because an operation of this size could fill a wallet up quickly we have to use more than one coin, we don't want to dominate a network because then your own blocks inside your wallet are fighting each other for a reward. So we have started with a few coins. Because a business like this could literally be forced to buy coins on a daily basis it also secures your investment because we make a lot of buys on the markets which helps to increase the value of the coins and help to make those increases more steady. This all  helps to increase the value of our investors original investments as well.

When putting this project together we first started looking into hardware POW mining, but then decided we wanted a way that we could offer a service that did not have maintenance fees or huge financial consumption in hardware. Situations like that can effect our investors income in a negative way and are things we can not control. As we researched we came across the benefits of POS coins so we began testing. As we tested more and more coins and their staking abilities, we found just the right few to start out with. Each coin does staking a little differently when it comes to the rewards you receive, but all of them have the same basic mechanics, you hold more coins you raise your staking weight on the network. Some coins you have to manually split blocks inside the wallet others do it automatically. So our business is not without work, we still have to manually split blocks sometimes in the wallets so our investors get the maximum income on their staking.

We then looked at the problems investors face with other cloud mining options, and the worst one we saw was the dreaded "I'm Sorry our service is under a DDOS attack" and we all know where that ends up. So to avoid this we do not host the wallets online at all, they are hosted in the office on computers where we can watch them, completely separate from the webserver. SO if one does hack and attack the website, our investors have a layer of security knowing their investment is not near the attackers. Altho this creates a lkot of manual data entry on our end, it still allows us to keep our members investments as safe as we can keep them away form online attacks against the site.

we really have spent a lot of time researching this project and it has actually proven better than we originally expected. the increases in earnings are moving faster than we tested right now, and the compound interest is moving very steadily as well.

EDIT:  I will like to say we do have mining hardware mining the POW sections of the coins we use, but this is to help pay for the overhead costs of the business as well as add extra coins to the wallets of our members. By doing this we pay the bills and at the same time have a little left over to add to the staking weight of our clients. It is a win win for both of us in the end. We do not rent this equipment out, we do not sell contracts for it, it is only used to back our investors up and pay the bills nothing more.

Cloudmining 101 (ponzi risk assessment) ALERT!: https://bitcointalk.org/index.php?topic=990219.msg10784449#msg10784449

You thought Day #1 was bad! Wait till Leroy Fodor gets a load of Day #2.  Shocked

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March 15, 2015, 10:05:23 PM
 #851

Gleb you are a useless liar, the thrill is over bro I will not appease you any longer, I have disproven you on 99.9 percent of your accusations, all you are doing now is breaking the law, you have no proof of any kind to back up your claims, At least puppet has a real system(I may not like it but its a real system) Be happy I am not in the states or I would sue you for defamation of character, slander, invasion of privacy and any other law my lawyer can rack up against you.

I will not waste anymore time with you it was fun because I kept feeding you, I hope you had fun digging in my life a person with real problems,

PUPPET this is why no one in crypto has anything available, he is why people whois guard everything, and no addresses or phone numbers, idiots like gleb, he never once proved anything negative about me except I changed my twitter months ago then changed it again last week. I tried to met you fucking standards and look what it got  a days full of crap from a retired Moron who just wants attention and read my life and my business partners life like a soap opera. hes never proven I am a scam or I have done anything illegal or wrong against anyone, but this is what i get fdor abiding by what people wanted, by being opened to who I am and what I am doing.

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March 15, 2015, 10:05:43 PM
 #852

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Of course it became a different story once I knew kryptologika no longer had access to the hashrate it owned, and declined to share that info with its customer because 'they need not know'.
But it is the decision of the management whether to disclose it or not. Your "info" very well could have caused panic among the customers of our platform. I told you it is a quite a minor thing as we had means to buy back the missing hashrate (which at the time of the disclosure was less than 5TH\s. Your behaviour Puppet is a shame. CUstomers need to know that you are spreading disinformation based on your personal prejudice towards kryptologika. Very well this may happen to another business.
Fortunately We have quite strong client base growing every week. And your "revelations" already have been commented on our main thread so sorry but your FUD did not work.

I will be reminding of this situation from time to time on this thread because people need to know.

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March 15, 2015, 10:13:01 PM
 #853

But it is the decision of the management whether to disclose it or not.

The decision not to disclose info like that, is what defines a scam. And I dont feel beholden to keep information from scammers secret.

Do you not think any and all information about AM/Amhash should be made public now? Do you not think they should have disclosed the theft/forfeiture/disappearance of their mine and CEO ? Of course you do, you have been shouting it for weeks now, and thus on top of everything else, you are a hypocrite.
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March 15, 2015, 10:22:03 PM
 #854

That's a different story. Scale is the case. If I am mining, selling shares and at the same time I am speculating on the hashing power on another market there might be periods when I am actually not mining at all!  SHall I disclose this to my customers or is it just my business? Shall the customers know how the sausages are made??

As long as I have the hashrate covered with bitcoins or close to it (or reasonably close to it) spreading FUD is a nonsense. And you did it! And it did not work Wink


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March 15, 2015, 10:37:51 PM
 #855

Quote
Of course it became a different story once I knew kryptologika no longer had access to the hashrate it owned, and declined to share that info with its customer because 'they need not know'.
But it is the decision of the management whether to disclose it or not. Your "info" very well could have caused panic among the customers of our platform. I told you it is a quite a minor thing as we had means to buy back the missing hashrate (which at the time of the disclosure was less than 5TH\s. Your behaviour Puppet is a shame. CUstomers need to know that you are spreading disinformation based on your personal prejudice towards kryptologika. Very well this may happen to another business.
Fortunately We have quite strong client base growing every week. And your "revelations" already have been commented on our main thread so sorry but your FUD did not work.

I will be reminding of this situation from time to time on this thread because people need to know.

A shame, puppets actions were a shame, be happy Gleb the embellisher hasn't sunk his teeth into you, this dude compares unrelated things, pulls up your info from 10 years ago and never once tries to prove you are a scam. His whole point is to troll you until you just break and want to bash his face in wiht a board. What puppet does (again even if I dont agree with it) what puppet does at least has  professionalism in it, and by far would be very hard to get a slander lawsuit against. What Gleb does that sir is a shame.

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March 15, 2015, 10:39:20 PM
 #856

That's a different story. Scale is the case. If I am mining, selling shares and at the same time I am speculating on the hashing power on another market there might be periods when I am actually not mining at all!  SHall I disclose this to my customers or is it just my business?

Doh. If you dont disclose info like that (fractional reserve mining, not mining at all, speculating with other people's coin), how dare you even ask?  Of course it makes you a scammer if you are selling hashrate you do not have  its the whole premise of this thread! And of course you are a scammer if you gamble with other people's money without telling them.

Quote
And you did it! And it did not work Wink

Its difficult to scare customers that fortunately, dont exist. I can only hope it stays like that.
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March 15, 2015, 10:43:16 PM
 #857

Here is the bottom line, especially here in the most toxic forum in bitcoins, no matter how hard we work, no matter how hard we try, if it involves a way we can make money and help others make money we are the scammers from the get go, we are the liars, we are judged by all the looser hacking scammers that screwed everyone else over. Your company is only legit if its alive for 9 years, if not YOUR A SCAM, your company is only worth a crap if your rich,  if you work your butt off to create something positive YOUR A SCAM.

Microsoft started in a garage, and look where they are, google started in someones basement and look where they are. sometimes, just sometimes people really are looking out to make something that will work and benefit people, Not everyone is trying to screw people over.  

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March 15, 2015, 10:48:23 PM
 #858

Quote
Its difficult to scare customers that fortunately, dont exist. I can only hope it stays like that.
Some 367 of active users at the moment Wink

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March 15, 2015, 10:54:21 PM
 #859

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Its difficult to scare customers that fortunately, dont exist. I can only hope it stays like that.
Some 367 of active users at the moment Wink

That was a door you just opened sir.

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March 15, 2015, 10:59:12 PM
 #860

That's a different story. Scale is the case. If I am mining, selling shares and at the same time I am speculating on the hashing power on another market there might be periods when I am actually not mining at all!  SHall I disclose this to my customers or is it just my business? Shall the customers know how the sausages are made??

As long as I have the hashrate covered with bitcoins or close to it (or reasonably close to it) spreading FUD is a nonsense. And you did it! And it did not work Wink


\
Not to defend puppet, his actions or anything but what you did would seem a bit shady to an investor. If there was a problem, and you have the funds to cover it, the best route would have been get it covered ASAP, buy the equipment, show the receipts and let your investors know the story, cause people like Gleb are just waiting for you to screw up. if they hear it from you first the panic is not going to happen, but to hear it from a well respected scam reporter, thats what will hurt you.

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