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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 347866 times)
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cryptojumper
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April 10, 2015, 05:38:59 AM
 #941

Any update about scrypt.cc? It still says it is only a preliminary assessment here for it being a ponzi.
There's a lot of buzz about this one lately... A lot of people talking about here, on hashtalk.org and other forums, even taking loans to invest in them, but the roi seems too good there, especially when altcoin mining is not very profitable these days to my understanding.
Wouldn't trust them more than 10$, but it's still interesting to hear what's all about

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April 10, 2015, 07:16:45 AM
 #942

Any update about scrypt.cc? It still says it is only a preliminary assessment here for it being a ponzi.
There's a lot of buzz about this one lately... A lot of people talking about here, on hashtalk.org and other forums, even taking loans to invest in them, but the roi seems too good there, especially when altcoin mining is not very profitable these days to my understanding.
Wouldn't trust them more than 10$, but it's still interesting to hear what's all about


Show me a miner which can generate 60 days ROI. You do not need to dig deeper then that to formulate your opinion.

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April 10, 2015, 07:34:29 AM
 #943

But they claim to mine altcoins and look how they try to explain this https://bitcointalk.org/index.php?topic=444495.msg11039391#msg11039391

Scrypt.cc isn't offering the good ROI, that has happened through the free market pushing down the price of KHS until the ROI is so good.   Largely this was out the control of scrypt.cc.   

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April 10, 2015, 10:04:45 AM
 #944

But they claim to mine altcoins and look how they try to explain this https://bitcointalk.org/index.php?topic=444495.msg11039391#msg11039391

Scrypt.cc isn't offering the good ROI, that has happened through the free market pushing down the price of KHS until the ROI is so good.   Largely this was out the control of scrypt.cc.  
I claim that altcoin mining is not terribly profitable above litecoin mining: https://www.nicehash.com/index.jsp?p=stats

Quote
NiceHash mining profit above ideal 100% luck Litecoin mining:   6.0587 %

If they have a magic formula to mine coins, why bother buying hardware, just rent from all rental sites, price should go up.

If they have a magic trading formula to cash out coins, why bother mining, just only trade the coins, mining should stop.
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April 10, 2015, 12:38:38 PM
 #945

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.

Still waiting Smiley
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April 10, 2015, 03:18:18 PM
 #946

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.

Still waiting Smiley

It'll be public soon I was told. I'll see if I can provide any more information soon Smiley.

It would be the mining address of the BitFury provided and hosted ASICs.
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April 10, 2015, 06:25:56 PM
 #947

Guys, what is hashocean.com? Scam or legit? Anyone tried them out?

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April 10, 2015, 06:52:17 PM
 #948

Guys, what is hashocean.com? Scam or legit? Anyone tried them out?

Scam, bit time. Do not even touch.

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April 10, 2015, 06:57:45 PM
 #949

Guys, what is hashocean.com? Scam or legit? Anyone tried them out?
Why don't we use our BRAINS to figure this out... let's see:
- Return on investment within 5 months.
- 190,977 users
- Our power is 19.3 GH/s
- 907 days in operation
- 0.00688 BTC/day per MH/s vs https://www.nicehash.com/index.jsp?p=allorders&a=3
- User andrord*** (Date of registration)   01/07/2013, Repayment % 295%, http://who.is/whois/hashocean.com Registered On January 18, 2015
- Get 5% of powers for invited users
- etc

You have to be really ignorant to fall for this one...
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April 10, 2015, 10:52:43 PM
 #950

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.

Still waiting Smiley

It'll be public soon I was told. I'll see if I can provide any more information soon Smiley.

It would be the mining address of the BitFury provided and hosted ASICs.

It'll be public soon - everyone said so Wink

Will there be any real time reporting of the sold hash power too ? Otherwise what would we tally ?
galdur
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April 11, 2015, 02:13:50 AM
 #951

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?

No, but watching it constantly tank is. Which is why most people with a modicum of brain activity have given up on on listening to all those legendary experts around here that are always and consistently wrong about the bitcoin market.

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April 11, 2015, 06:40:04 AM
 #952

Guys, what is hashocean.com? Scam or legit? Anyone tried them out?
Why don't we use our BRAINS to figure this out... let's see:
- Return on investment within 5 months.
- 190,977 users
- Our power is 19.3 GH/s
- 907 days in operation
- 0.00688 BTC/day per MH/s vs https://www.nicehash.com/index.jsp?p=allorders&a=3
- User andrord*** (Date of registration)   01/07/2013, Repayment % 295%, http://who.is/whois/hashocean.com Registered On January 18, 2015
- Get 5% of powers for invited users
- etc

You have to be really ignorant to fall for this one...

Yeah. I suppose dat was a stupid question. Thanks.

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April 11, 2015, 06:42:13 AM
 #953

And what about nexusmining.com and scryptsy.com? I am trying to choose something right now, but a bit scared actually.

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April 11, 2015, 12:41:53 PM
 #954

And what about nexusmining.com
The price appears acceptable, there are no indications of the fees on their site. You don't know how much they'll charge you after you sign up and they intentionally try to evade this aspect.

They also claim to be Bitcoin Foundation Silver members, they are not any kind of members, and there is no Silver membership at the moment.

Help centre / Learning center

RISK FREE - they even guarantee it!

Registrant Name: Brett Langish
Registrant Organization: Nexus Mining
Registrant Street: 145 Traders Blvd E
Registrant City: Mississauga
Registrant State/Province: Ontario
Registrant Postal Code: L4Z3L3
Registrant Country: Canada
Registrant Phone: +1.8008408954
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: nexusmining@gmail.com

etc...

scryptsy.com?
1 BTC / 1 TH, no fees?

You can't even install a shitty 1 TH miner with 250$, yet these guys do it for you, and you don't pay anything after that?!

Affiliate Programme and start earning 1%-10% random commission!

They are called "scryptsy" as in "scrypt" the altcoin algorithm, and they sell bitcoin hashing only...

https://who.godaddy.com/whoisstd.aspx?domain=scryptsy.com >> Registrant Name: Registration Private

I am trying to choose something right now, but a bit scared actually.
You should be, you and everyone else keeps googling for scams to get burned on. Simply browsing this forum for the companies will reveal their capacity of providing their promised services.

At the moment only the S5 market purchased shares on HashNest are the most profitable and certain options.

https://bitcointalk.org/index.php?topic=888378.0
https://bitcointalk.org/index.php?topic=700463.0
marcotheminer
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April 11, 2015, 12:50:22 PM
 #955

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.

Still waiting Smiley

It'll be public soon I was told. I'll see if I can provide any more information soon Smiley.

It would be the mining address of the BitFury provided and hosted ASICs.

It'll be public soon - everyone said so Wink

Will there be any real time reporting of the sold hash power too ? Otherwise what would we tally ?

Information will be provided by BitFury too.

Until then you can rest assured as BitFury's partnership is confirmed with Bit-X!
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April 11, 2015, 07:54:54 PM
 #956

Guys, what is hashocean.com? Scam or legit? Anyone tried them out?

It is as scam as it gets man Wink Don't send your money there, its a cheap clone of a previous russian scam... One of the most obvious and noobish scams in here. Smiley

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April 11, 2015, 08:22:09 PM
 #957

following

BITOKER.COM[
                            
Enjoy the ultimate online play bitcoin poker
Anonymous  /  US Player Friendly  /  Instant Play
[
          
]
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April 11, 2015, 10:03:28 PM
 #958

Information will be provided by BitFury too.

Until then you can rest assured as BitFury's partnership is confirmed with Bit-X!

While its true BF has confirmed the partnership, its worth pointing out that if bit-x doesnt directly control the hashpower, it adds another layer of risk. If BF goes tits up, you lose your investment. If Bit-x goes tits up, idem ditto. All other things equal, its always safer to invest directly with the owner of the hashrate.
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April 11, 2015, 10:44:54 PM
 #959

Information will be provided by BitFury too.

Until then you can rest assured as BitFury's partnership is confirmed with Bit-X!

While its true BF has confirmed the partnership, its worth pointing out that if bit-x doesnt directly control the hashpower, it adds another layer of risk. If BF goes tits up, you lose your investment. If Bit-x goes tits up, idem ditto. All other things equal, its always safer to invest directly with the owner of the hashrate.

Yes, but in this case BitFury doesn't sell hashing power to individual customers (don't see such option on their website).

From investors point of view, it could be better to accept 'extra layer' of risk if the price is attractive enough.
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April 12, 2015, 01:05:52 PM
 #960

And what about nexusmining.com
The price appears acceptable, there are no indications of the fees on their site. You don't know how much they'll charge you after you sign up and they intentionally try to evade this aspect.

They also claim to be Bitcoin Foundation Silver members, they are not any kind of members, and there is no Silver membership at the moment.

Help centre / Learning center

RISK FREE - they even guarantee it!

Registrant Name: Brett Langish
Registrant Organization: Nexus Mining
Registrant Street: 145 Traders Blvd E
Registrant City: Mississauga
Registrant State/Province: Ontario
Registrant Postal Code: L4Z3L3
Registrant Country: Canada
Registrant Phone: +1.8008408954
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: nexusmining@gmail.com

etc...

scryptsy.com?
1 BTC / 1 TH, no fees?

You can't even install a shitty 1 TH miner with 250$, yet these guys do it for you, and you don't pay anything after that?!

Affiliate Programme and start earning 1%-10% random commission!

They are called "scryptsy" as in "scrypt" the altcoin algorithm, and they sell bitcoin hashing only...

https://who.godaddy.com/whoisstd.aspx?domain=scryptsy.com >> Registrant Name: Registration Private

I am trying to choose something right now, but a bit scared actually.
You should be, you and everyone else keeps googling for scams to get burned on. Simply browsing this forum for the companies will reveal their capacity of providing their promised services.

At the moment only the S5 market purchased shares on HashNest are the most profitable and certain options.

https://bitcointalk.org/index.php?topic=888378.0
https://bitcointalk.org/index.php?topic=700463.0


Bro, thanks so much for this perfect analysis. While reading you, I am starting to get what such analysis should be like. Following the thread, will bring some more info shortly.

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