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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 328065 times)
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acquafredda
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April 07, 2015, 04:50:01 PM
 #921

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.


Seneca said: “There is no favorable wind for the sailor who doesn’t know where to go“.
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April 07, 2015, 05:08:22 PM
 #922

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

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April 07, 2015, 06:23:37 PM
 #923

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.
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April 07, 2015, 07:26:14 PM
 #924

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.


+1
bit-x  forever

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acquafredda
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April 07, 2015, 08:16:58 PM
 #925

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.

Bit-x may be legitimate but as an exchange might play by using a fractional reserve based mechanism.
Are you in charge of bit-x?

Seneca said: “There is no favorable wind for the sailor who doesn’t know where to go“.
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April 07, 2015, 08:35:46 PM
 #926

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.

Bit-x s fine but he wanted a service mining altcoins and converting into BTC. Bit-x mines SHA-256 AFAIK.

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April 08, 2015, 05:20:54 AM
 #927

I think hashnest is most reliable because it is not only backed by major manufacturer - it is owned by major manufacturer and they can't just scam on cloudmining and continue operations like nothing happened. If I am to invest I will invest definitely there.

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April 08, 2015, 06:11:29 AM
 #928

I think hashnest is most reliable because it is not only backed by major manufacturer - it is owned by major manufacturer and they can't just scam on cloudmining and continue operations like nothing happened. If I am to invest I will invest definitely there.

The only issue I see with hashnest is the fact they pay per block. Genesis Mining, for example pays a more-less fixed amount per day. It probably comes down to the same amount but it is a bit discouraging when Antpool hits bad luck for 5 days in a row and your payments get cut in half. I m not sure how does Bit-X pays.


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April 08, 2015, 01:41:54 PM
 #929

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.

Bit-x may be legitimate but as an exchange might play by using a fractional reserve based mechanism.
Are you in charge of bit-x?

I am not in charge of Bit-X.

The sum of cold and hot wallets total to at least all users' funds. I'll have your doubts cleared as soon as possible, stay tuned for an official response.
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April 08, 2015, 04:29:54 PM
 #930

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.

What is the mining address of https://bit-x.com ?
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April 09, 2015, 05:02:34 AM
 #931


What abt. https://www.bitcoincloudservices.com/

Anybody mine here?
Syke
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April 09, 2015, 05:08:32 AM
 #932


What abt. https://www.bitcoincloudservices.com/

Anybody mine here?

Nobody mines there.

Buy & Hold
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April 09, 2015, 05:19:08 AM
 #933



Why not?
waterpile
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April 09, 2015, 05:27:01 AM
 #934

What about miningsweden.se? I've seen some users here mentioning this website, I have checked it and the website is poorly designed like it  reminds me of how PBmining was also a poor design..
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April 09, 2015, 06:11:38 AM
 #935

What about miningsweden.se? I've seen some users here mentioning this website, I have checked it and the website is poorly designed like it  reminds me of how PBmining was also a poor design..

I think they actually mine but their profitability s terrible. ROI s one of the longest in the industry. Once more, Hashnest and Bit-x. Nothing else.

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April 09, 2015, 08:15:38 AM
 #936

What about miningsweden.se? I've seen some users here mentioning this website, I have checked it and the website is poorly designed like it  reminds me of how PBmining was also a poor design..

I think they actually mine but their profitability s terrible. ROI s one of the longest in the industry. Once more, Hashnest and Bit-x. Nothing else.

And this miningsweden is quite a new player so be cautious... If you want something else than Hashnest and Bit-x (which are of course the best at the moment), you can try genesis-mining. The roi is also very long if at all there, but you got some fun options to mine (get paid by) other coins than bitcoin and they promise to provide x11 couldmining in future.

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April 09, 2015, 09:58:04 AM
 #937

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

https://bit-x.com is legitimate.

What is the mining address of https://bit-x.com ?

I'll get back to you shortly Smiley.
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April 09, 2015, 03:03:37 PM
 #938

Why not?

They don't have any hardware. All their "contracts" are ponzis.

Buy & Hold
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April 09, 2015, 05:30:22 PM
 #939

Why not?

They don't have any hardware. All their "contracts" are ponzis.

Yup, that photo of their farm on their page s not real photo. Somebody s good with photoshop.

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April 09, 2015, 07:23:33 PM
 #940

Since you guys seem to have a lot of faith in bit-x can someone summarize how it works? The only functionality I see on the site is for trading. How do you mine there?
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