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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 305198 times)
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Blackmet
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April 12, 2015, 01:05:52 PM
 #961

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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April 13, 2015, 01:04:15 AM
 #962

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?

Check out the 'Mining' heading here: https://bit-x.com/pages/about

Any other questions please ask!

That didn't tell me anything. Can someone just summarize in like one sentence how to buy hash power on bit-x? I've looked all over the site and don't see any options to do so. That's all I'm asking here guys. I answer questions about other sites for people all the time on these forums, is it too much to ask for a little help in return? ffs
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April 13, 2015, 05:12:02 AM
 #963

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?

Check out the 'Mining' heading here: https://bit-x.com/pages/about

Any other questions please ask!

That didn't tell me anything. Can someone just summarize in like one sentence how to buy hash power on bit-x? I've looked all over the site and don't see any options to do so. That's all I'm asking here guys. I answer questions about other sites for people all the time on these forums, is it too much to ask for a little help in return? ffs

What to you mean how? It s the same like Hashnest. There is a market where people buy and sell hash. Deposit BTC to your account there, go to the market and make you bid. Once your price and quantity matches what somebody else is selling, you get your hash into your account and it starts hashing immediately. You sell it the same way.

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April 13, 2015, 06:13:52 AM
 #964

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?

Check out the 'Mining' heading here: https://bit-x.com/pages/about

Any other questions please ask!

That didn't tell me anything. Can someone just summarize in like one sentence how to buy hash power on bit-x? I've looked all over the site and don't see any options to do so. That's all I'm asking here guys. I answer questions about other sites for people all the time on these forums, is it too much to ask for a little help in return? ffs

What to you mean how? It s the same like Hashnest. There is a market where people buy and sell hash. Deposit BTC to your account there, go to the market and make you bid. Once your price and quantity matches what somebody else is selling, you get your hash into your account and it starts hashing immediately. You sell it the same way.

Or you can buy immediately from current sell orders.
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April 13, 2015, 07:42:51 PM
 #965

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?

Check out the 'Mining' heading here: https://bit-x.com/pages/about

Any other questions please ask!

That didn't tell me anything. Can someone just summarize in like one sentence how to buy hash power on bit-x? I've looked all over the site and don't see any options to do so. That's all I'm asking here guys. I answer questions about other sites for people all the time on these forums, is it too much to ask for a little help in return? ffs

What to you mean how? It s the same like Hashnest. There is a market where people buy and sell hash. Deposit BTC to your account there, go to the market and make you bid. Once your price and quantity matches what somebody else is selling, you get your hash into your account and it starts hashing immediately. You sell it the same way.
that's what I needed to know, thanks.
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April 15, 2015, 10:03:38 PM
 #966

edited/update.

they took sweet time , eventualy they replied to my emails and credited me with purchased hash , just took almost 4 days !
---------------------------------------------------------------------------------------------------------------------------------------------
Feedback about nexusmining.com , since spandoolies guy kinda mentioned them as legit business i tried to buy small amount of hash for test purposes , guess what , its not even ponzi , its outright scam. I paid for small contract , btc went through , no hash credited. after 1,5 day they so called support replied (from gmail address!?) and promised to look into. Another 24h+ passed , no replays , no hash.

M.
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April 16, 2015, 04:51:27 AM
 #967

anyone know what kind of miners Bit-X uses? Where are they located? And is the ROI better than hashnest?
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April 16, 2015, 05:00:57 AM
 #968

anyone know what kind of miners Bit-X uses? Where are they located? And is the ROI better than hashnest?

Bitfury is peoviding them. They have already gave 1 PH. See https://bitcointalk.org/index.php?topic=896350.0. ROI looks almost same.

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April 17, 2015, 12:12:16 PM
 #969

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?

What is really, really, really hard about it is watching it constantly tanking and in the crapper. When will the hurt end?


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April 17, 2015, 12:34:14 PM
 #970

anyone know what kind of miners Bit-X uses? Where are they located? And is the ROI better than hashnest?

Bitfury is peoviding them. They have already gave 1 PH. See https://bitcointalk.org/index.php?topic=896350.0. ROI looks almost same.

I think i read somewhere that BitFury has their DC in Georgia.
From what I can see, Bit-x is more expensive per GHS and their maintenance fee is slightly higher than HashNest's.

There's interesting times ahead because whichever companies come up with the sub .01 w/ghs chip will likely be able to set lower prices and maintenance fees thus gaining a larger portion of the cloud mining market. From what I've read, Bitfury is fairly well placed in that "arms race".

So, with BitFury supplying hashing power, Bit-X looks like it will be a contender for some time into the future. Who knows for sure? Look at what happened with AMHash and I'm sure many thought they would be a long time contender. One thing we do know is that BitFury has been around for as long or longer than its competitors.
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April 17, 2015, 02:04:17 PM
 #971

But Bitmain ships the same miners for their customers so it's a sure thing. BitFury might be good too, but Bit-x is a separate company and these miners only exists somewhere there at their farm not shipping to customers... I'll stick with hashnest as number one in cloudmining for now. I think the scores in this thread are accurate on those big players given the current situation.

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April 17, 2015, 03:25:26 PM
 #972

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.

ZeusHash just partnered with HalleyChina and are offering SHA-256 hosted mining for $0.299/GH/s. Actually a better price per GH/s than Hashnest S5 but daily maintenance is higher.

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April 17, 2015, 03:31:26 PM
 #973

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


Don't leave out PACMiC v1 contracts at Hashnest.

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April 17, 2015, 08:07:44 PM
 #974

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.

ZeusHash just partnered with HalleyChina and are offering SHA-256 hosted mining for $0.299/GH/s. Actually a better price per GH/s than Hashnest S5 but daily maintenance is higher.

It all comes down to maintenance cause you get that charged every day. Besides, Zeus made a big time issue with their scrypt contracts and I personally choose not to trust them anymore.

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April 17, 2015, 08:14:58 PM
 #975

Genesis Mining has shut down their scrypt operation.

Because they were out of hashes, not because of the running costs.
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April 19, 2015, 11:47:33 AM
 #976

UPDATE ON cointellect

Finally the site is offline.
I think it has been a very bad scam.
Some of their wallets were full of BTC.
Their aim has been fulfilled.

Thanks to this thread I saved some money.

To anyone wishing to join any cloudmining service please double and triple check!

Seneca said: “There is no favorable wind for the sailor who doesn’t know where to go“.
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April 23, 2015, 06:05:45 PM
 #977



Someone knows https://www.miningsweden.se/ ?

https://bitcointalk.org/index.php?topic=1036190.0

 Huh Huh Huh

Saludos / regards.



crazyivan
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April 23, 2015, 08:21:44 PM
 #978


They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.

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April 23, 2015, 11:38:38 PM
 #979


They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.


Thank you very much for answering.

Saludos / regards.  Cheesy Cheesy Cheesy

crazyivan
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April 24, 2015, 05:25:03 AM
 #980


They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.

No problem, you can even find a few videos of their mini farms online. They have started just a few months ago so once they increase in size, they might potentially reduce their prices.


Thank you very much for answering.

Saludos / regards.  Cheesy Cheesy Cheesy



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