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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 337405 times)
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galdur
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March 15, 2015, 11:13:42 PM
 #861

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. Although it has been showing some signs of life in the past month or so. Let´s hope it lasts.

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l3sny
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March 15, 2015, 11:23:00 PM
 #862

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

That was a door you just opened sir.

We are going towards greater transparency. We will be publishing numbers, hashrate etc. I am happy to disclose some figures in a non official way even in this shitty thread Wink
cyberpinoy
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March 15, 2015, 11:27:18 PM
 #863

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

That was a door you just opened sir.

We are going towards greater transparency. We will be publishing numbers, hashrate etc. I am happy to disclose some figures in a non official way even in this shitty thread Wink

if you want off the bad list thats what you have to do sir.

l3sny
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March 15, 2015, 11:30:26 PM
 #864

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

That was a door you just opened sir.

We are going towards greater transparency. We will be publishing numbers, hashrate etc. I am happy to disclose some figures in a non official way even in this shitty thread Wink

if you want off the bad list thats what you have to do sir.

I do not care. I cared six months ago when we had 20 customers. Now our client base is growing at steady rate, we should just publish some figures;)
Snipe85
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March 16, 2015, 12:33:23 AM
 #865

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.  

You have a point, but people attacking companies in this thread have one too. The fact is at least one out of 2 mining companies is made to scam people. Another half of those that remain also turn out to be scams later on because of lack of profits, debts and so on. Microsoft wasn't a scam but in Bitcoin we already had Karpeles and Brewster with their big startups. We also had PB mining that run with the money once someone doxed the owner. I'm sure some people here have their own agendas and are puppets (no pun intended) of other companies, but the majority of projects attacked here is shady to say the least.

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March 16, 2015, 02:47:32 AM
 #866

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

That was a door you just opened sir.

We are going towards greater transparency. We will be publishing numbers, hashrate etc. I am happy to disclose some figures in a non official way even in this shitty thread Wink

if you want off the bad list thats what you have to do sir.

I do not care. I cared six months ago when we had 20 customers. Now our client base is growing at steady rate, we should just publish some figures;)
Let's review the action so far...

Puppet discloses all information required for customers to inform themselves of the potential financial implications of their investments. This is important, because even the best of the best defraud their customers in this domain. If he has some information about potential risks, I want to know it, as a potential customer. Deal with it. Give him only information you would give any customer. I use his thread to point it out to people thinking they are "mining" when instead they are getting ripped off with fake revenue and fat referral payments. Many people have switched to honest mining activities, including buying actual miners. It is important to identify risky mining companies and he does a good job. I provide my contacts with a live updated exchange rating analysis so they can decide where to send their funds and not lose them.

cyberpinoy has the mind, language, emotions and public relations skills of a 13 year old child. Mining is needed for Bitcoin to function, it is not a pure business exercise where you put in some money and take out some money just for kicks. I would never invest in anything you touch after seeing your lies, bullshit, try-hard walls of wasted text and inability to resolve criticism. I would also never invest into your PoS system as it would be at risk of fractional reserve if any of your wallets, systems, coins, blockchains, etc, decide to fail for some reason, causing your clients to lose money. Also because of the nature of "free money" in PoS coins, where the security costs (that "wasted electricity") is zero, so the reward for zero cost is also zero, the price of the coins self-corrects to zero slowly in time. This means people pay you 100% of their Bitcoin and you give out less than 100% back. I would also not invest 100% of my risk for a small (promised) increase of PoS rewards, it costs me 5$ a month to keep as many PoS wallets as I want, why would I need your business? Your business should not be listed here as reliable until you can prove mining hardware AND security for PoS hosting in a reliable way. Until then, I can't differentiate your business from a scam.

People, get this into your head. There are many scams out there stealing people's savings and investment funds. You need to show fucking simple steps to prove your a legitimate operation and prevent potential clients from giving their money to scams instead of your legitimate business. It's not hard, why do you not get this?!
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March 16, 2015, 03:43:56 AM
 #867


cyberpinoy has the mind, language, emotions and public relations skills of a 13 year old child. Mining is needed for Bitcoin to function, it is not a pure business exercise where you put in some money and take out some money just for kicks. I would never invest in anything you touch after seeing your lies, bullshit, try-hard walls of wasted text and inability to resolve criticism. I would also never invest into your PoS system as it would be at risk of fractional reserve if any of your wallets, systems, coins, blockchains, etc, decide to fail for some reason, causing your clients to lose money. Also because of the nature of "free money" in PoS coins, where the security costs (that "wasted electricity") is zero, so the reward for zero cost is also zero, the price of the coins self-corrects to zero slowly in time. This means people pay you 100% of their Bitcoin and you give out less than 100% back. I would also not invest 100% of my risk for a small (promised) increase of PoS rewards, it costs me 5$ a month to keep as many PoS wallets as I want, why would I need your business? Your business should not be listed here as reliable until you can prove mining hardware AND security for PoS hosting in a reliable way. Until then, I can't differentiate your business from a scam.

People, get this into your head. There are many scams out there stealing people's savings and investment funds. You need to show fucking simple steps to prove your a legitimate operation and prevent potential clients from giving their money to scams instead of your legitimate business. It's not hard, why do you not get this?!

As with any Mining business there is always risk, No one in any of these business can ever guarantee you anything. If they do try to they are lieing. We have done many tests to try and find a way that the POS system can work for our investors, why would someone put their coins in with us instead of staking themselves. Because unless you have an extra 40 Bitcoins to add to that 5 dollars a month you are paying to stake those 5 wallets on your computer, you are not getting the full reward or the full staking potential you can. You are getting 20% to 30% interest on your investment and staking 1/2 the time you could be by combining your efforts with others. Our pool gives investors of any kind a chance to invest and earn higher rewards than stake mining themselves. www.stakeminers.com/how.php shows exactly how 1 of the coins we use works and the true benefits of combining mining power together. The difference is, you can earn 840 of those coins staking on your own or you could earn 5000 of those coins staking in a pool for a year.

If you have 40 Bitcoins to buy your own coins by all means, I will not lie to you, it would be most beneficial for you to stake on your own. In addition if anyone did deposit 40BTC we would have to do an investigation to the funds. A 40 BTC investment is very large for anyone to throw around and before we applied that amount to the pool where it could effect our other investors in a negative way, we would have to find any way possible that those funds are legit. Even tho it would be fine for a 40BTC investor to mine on his own, we actually use more than one coin and the investors are paid their proportion of the total income in the business, they are not restricted to the income of one coin but the income of all the coins used to stake in our business. So, a 40BTC investment could make a slightly bigger return with us, But I would still have to say you would be just fine to use that and stake on your own.

This is not a zero cost business in any way, you have to purchase coins yuou are going to stake, and that does cost , but the difference is that value is held in a wallet, and as a large group who may invest continually you actually can in some ways control the price of the coins you stake on. Look at coinsminers dot com, who stole 4000 BTC in their months of operation, now imagine if they took that 4000 BTC and instead of stealing it actually bought coins with it, I think it was 6 months they were in operation. That is 22 BTC you are feeding the market a day, every day 22 BTC buys, every day 22 BTC buys, that can do nothing but raise and secure your investment.

If the project continues to progress as it is, it forces us to buy coins every single day, if you are consistently buying coins more than are being sold it will cause the value of the coins to rise. It may be slowly but all investments are over time anyways. If by "hosting" you mean put the wallets online, that is not part of our policy, the biggest problem these scam companies use is the fact their wallets are located online or on the same server as their website, and they claim ddos attack hacks and ends up stealing peoples investments. I and our business refuse to put our investors money online where any hacker with an itch may hack into their investment wallets.  I posted an investment staking wallet above, and to our clients they can request to have the wallet addresses where they can personally watch their investments, we have no problem giving those to our investors at any time they as for them. (I am sure you understand the risk of making those address public to anyone and everyone)

The need to provide evidence of the mining hardware again can be given to our investors no problem, but we do not advertise its use on an advertisement scale, there is mention of it on our site, but it is used to help pay the bills for the hosting services and to help add a little extra to our investors for backing, so on the days we do not have new investments we are still adding coins up to be added to their staking wallets. It was something extra we did for the investors because we had the hardware.

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March 16, 2015, 06:11:59 AM
 #868

I suggest you guys take a look at my last post where I 100% expose the lying sack of shit Leroy Fodor: https://bitcointalk.org/index.php?topic=990219.msg10787412#msg10787412

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March 16, 2015, 09:02:43 AM
 #869

What's the point of beating around the bush? If it claims to do any kind of mining or trading and make a lot of money and is open for anyone to "invest" then it's a scam. It really is as easy as that. I can't even be bothered to figure out exactly how they do it anymore. Unfortunately the wishful thinkers on this forum will never learn, so the scams will continue to flourish.
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March 16, 2015, 10:10:07 AM
 #870

Gleb YOU prove nothing, You lie, you compare things unrelated to me, You assume I am associated with things that do not involve me, you copy sections of things that are not even mine, you keep bouncing about when I started in bitcoins and when I started in mining, you are an attention starving troll. the bottom line about your thread as you continue to dig and dig twist and twist and embellish, but at the end of the day the truth about your stupid thread

Your claim about me and wolvman being the same person DISPROVED
Your claim about KC and ME connected  DISPROVED
Your claim I lied about my bitcoin business ventures being lies DISPROVED
Your claim I offered you a cut for promoting my business DISPROVED
Your claim I deleted a cyberpinoy twitter account DISPROVED
Your claim my business is a SCAM  DISPROVED!!!!

I will not be baited by you any longer.

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March 16, 2015, 10:11:23 AM
 #871

PLease take this stakeminer shit elsewhere; its got nothing to do with cloudmining.
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March 16, 2015, 10:42:22 AM
 #872

In addition if anyone did deposit 40BTC we would have to do an investigation to the funds. A 40 BTC investment is very large for anyone to throw around and before we applied that amount to the pool where it could effect our other investors in a negative way, we would have to find any way possible that those funds are legit.
Lol, ok....

As with any Mining business there is always risk, No one in any of these business can ever guarantee you anything. If they do try to they are lieing.
Well, legitimate business can guarantee they actually buy miners with my equipment, demonstrated with invoices and supplier statement. They can also demonstrate they still own the miners by providing fresh coins or pool participation. In case of liquidation there should be legal support from their state of residence, court enforcement, liquidation of assets and so on. Bitmain for example offers voluntary liquidation of hardware assets if the contract is terminated.

This doesn't stop things like AMhash theft and run-away, or fake companies that only exist on a website they built to take your funds. You should start thinking about provable guarantees for your clients...

Anyway, what you do is cloud staking, not mining. Puppet is in his rights to maintain his rules on this thread.
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March 16, 2015, 02:37:45 PM
 #873

This image actually shows  something

http://i57.tinypic.com/vzbt01.jpg

Wow - a screenshot! Do you have one with more money on it?

GAWSOME class action
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March 17, 2015, 09:18:26 PM
 #874

Here's definitive proof that ClearHash.Net is a ponzi. There also seems to be a clear link to Eobot.

https://bitcointalk.org/index.php?topic=994246.0
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March 17, 2015, 11:02:53 PM
 #875

MiningSweden, how about rating this one https://bitcointalk.org/index.php?topic=979103 ?

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March 17, 2015, 11:23:48 PM
 #876

MiningSweden, how about rating this one https://bitcointalk.org/index.php?topic=979103 ?


The payments trace back to BTC Guild at least.

13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca (Payout address) < 14u1finZobAPzZHSDt1ZAoLfRWuBVcaNkV < 1HqMYmjsYyAsEf8papVQLFU48BbNa2eiA4 < 1K1LV33CaKmrh6gqQVVArtHCyeugN8hw9S < 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer (BTC Guild)
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March 18, 2015, 03:54:01 PM
 #877

MiningSweden, how about rating this one https://bitcointalk.org/index.php?topic=979103 ?


The payments trace back to BTC Guild at least.

13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca (Payout address) < 14u1finZobAPzZHSDt1ZAoLfRWuBVcaNkV < 1HqMYmjsYyAsEf8papVQLFU48BbNa2eiA4 < 1K1LV33CaKmrh6gqQVVArtHCyeugN8hw9S < 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer (BTC Guild)

So does that mean they are actually mining? Is BTC Guild their mining pool?
Mabsark
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March 18, 2015, 04:16:58 PM
 #878

MiningSweden, how about rating this one https://bitcointalk.org/index.php?topic=979103 ?


The payments trace back to BTC Guild at least.

13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca (Payout address) < 14u1finZobAPzZHSDt1ZAoLfRWuBVcaNkV < 1HqMYmjsYyAsEf8papVQLFU48BbNa2eiA4 < 1K1LV33CaKmrh6gqQVVArtHCyeugN8hw9S < 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer (BTC Guild)

So does that mean they are actually mining? Is BTC Guild their mining pool?

Yes and Yes.
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March 21, 2015, 09:14:56 AM
 #879

http://www.newsbtc.com/2015/03/20/an-overview-of-the-current-state-of-bitcoin-cloud-mining/

"But even in these extremely competitive times, there are some companies willing to stand tall:

1) Bitcoin Cloud Services – While other companies were busy contemplating ways to cut down on their expenses, Bitcoin Cloud Services rewarded its customers with lucrative discounts for a week. The company announced the “1st Year Anniversary Discounts” this month.

2) CloudHashing – Even though the most trusted cloud mining company is taking a step back in increasing its market presence, it has no plans to shut down its shop. The company’s website is still offering hashing power to those interested in mining the cryptocurrency.

3) Hashop.io – Comparatively a small player in the Bitcoin cloud mining business, Hashop is still welcoming customers who wish to become miners.

4,5) Other mentionable names in the industry are Genesis Mining and ZEUSHASH.com"

Wow.. What is a shame advertise of scammers..! And where is Hashnest and Bit-X?
I thought newbtc is a respected resource.
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March 21, 2015, 09:59:27 AM
 #880

Wow.. What is a shame advertise of scammers..! And where is Hashnest and Bit-X?
I thought newbtc is a respected resource.
Give them 2 BTC and they'll publish anything...
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