▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

[whitewhidow]

yet it is listed as legit in the cloudminer 101 thread?

Ive seen no evidence its not. But its also worth rehashing (pun intended) the disclaimer: being rated as legit here doesnt guarantee you anything. All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate. It doesnt guarantee they wont scam you, and it certainly doesnt imply anything about profitability.

ofcourse, an im not claiming either way, was just pointing out, the same thing your disclaimer states..

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[Zeta0S]

Mining Asics Technologies, a Dutch Asic manufacturer and Cloud-mining services has gone Insolvent.
A other Cloudminer has fails to deliver.
News Article:  http://www.bitcoinupdate.nl/home/the-dutch-mining-asics-technologies-bv-bankrupt
 

[Gws24]

No surprise there! From the very first moment a thread was opened about them here most people called it a scam as the signs were obvious.

offtopic: Zeta, you should run a spell checker on the english text (insolvet ==> insolvent, view ==> few and visit ==> visited)

[Zeta0S]

No surprise there! From the very first moment a thread was opened about them here most people called it a scam as the signs were obvious.

offtopic: Zeta, you should run a spell checker on the english text (insolvet ==> insolvent, view ==> few and visit ==> visited)

Thanks! 

[Puppet]

https://crypto-hash.com/index.php

Is that a clone of zeushash?

[whitewhidow]

https://crypto-hash.com/index.php

Is that a clone of zeushash?

it seems so. and from what i hear. its the same ppl

[DisaBit]

Hi Puppet
Just want to commend you on a good job! Thanks and Happy New Year!

Here's another two CLOUD MINING SERVICES for you to look at:
1] cloudmining.sg
COINTELEGRAPH:"The major cryptocurrency event, Inside Bitcoin, will be held next year in Singapore on January 29-30, 2015.
Speakers
A number of the industry´s top thought leaders, including Steve Beauregard, CEO and Found of GoCoin.com, Tomas Forgac, Founder of Coin of Sale, Zennon Kapron, Managing Director of Kapronasia and Neal R. Blackburn, co-Founder, Cloud Mining Singapore. This group will be discussing topics such as blockchain technology, compliance and regulation, derivatives and arbitrage, financial privacy and altcoins, as well as other topics."

Offerings according to website: http://www.cloudmining.sg/profit-calculator.html
1 MH/S  (12 MONTHS CONTRACT)
Was $119.00 Now $25.99

20 MH/S (12 MONTHS CONTRACT)
Was $1,979.00 Now $999.00

100 MH/S (12 MONTHS HOSTING CONTRACT)
Was $9,399.00, Now $3,610.00
Almost forgot, they sell a 90MH/S SCRYPT (LITECOIN) 28NM ASIC PHYSICAL MINER for $3,999.00 down from original price of $10,000.00.

2] http://pow88.com/
Based out of China, they do show some pictures of some miners on their site.
There's a Chinese video here: http://pow88.com/aboutus.php   Coulda sworn I'd seen the guy on the left give a lecture on Youtube along with Marco Krohn (Genesis Mining) somewhere in Europe in 2014.
They promise "hourly earnings,fast and safe.100% hash guarantee. Cheapest price and highest earnings". Looks like they even offer loans! According to this guy {https://btcjam.com/listings/25737-pow88-com-cloud-mining} who tried to take out a loan to buy GH/s, they offer a credit line at 0,1% per day.
Offerings for sale are:
1GH/s = BTC 0.001144
They also have an interesting looking 'hash exchange' here: http://pow88.com/trade.php

https://bitcointalk.org/index.php?topic=785721.0  "Pow88 has the first mining leverage market in China , all investors can get a value of 2 times of the security deposit mining leverage. Pow88 has the lowest Maintenance fee:0.0067 BTC/ Ths /Day."

Just thought I'd put this out there.
Happy New Year to one and all!

[KingTylerVVS]

Can we get a campaign spread to ALL Wallet and currency exchange centers to warn against cloud mining?

99% of them are either scams, nor not profitable. PERIOD.

[Puppet]

Here's another two CLOUD MINING SERVICES for you to look at:

Thanks, added both with preliminary assessment.
For POW88 :
pow88.com             1+2                => 2/7 = Probably legit (preliminary assessment)

I didnt give them a point for referral because its only 1%. PIctures dont look impressive, but neither does the available hashrate (50TH), this is a small operation.

Cloudmining.sg doesnt look that good so far:
cloudmining.sg        1+2+3+4+7          => 5/7 = (very) suspicious (preliminary assessment)

And ive been generous granting them point 6 (identity) despite the fact there isnt even a contact address on their site, but I guess this will do:
https://www.linkedin.com/pub/neal-blackburn/25/305/139

[raskul]

Here's another two CLOUD MINING SERVICES for you to look at:

Thanks, added both with preliminary assessment.
For POW88 :
pow88.com             1+2                => 2/7 = Probably legit (preliminary assessment)

I didnt give them a point for referral because its only 1%. PIctures dont look impressive, but neither does the available hashrate (50TH), this is a small operation.

agreed, looks very professional. everything is laid clear.

[whitewhidow]

cant seem to register there, fist i get errors of illegal characters in pass (as on amhash ?),   then i get an error in chinese ...   so ..  cant register

[Puppet]

password needs to be 8+ characters, and it seems you cant reuse the same email you got the error with. Then you get a chinese only email to confirm the registration

Professional? Far from. Then again, thats not a crime and Id rather they know a thing or two about operating mining hardware than coding websites. Amhash website is a disaster too, and most of the sleek looking fancy websites are scams.

[LiteCoinGuy]

give GAW a "9/9" , they deserve it 

[julian071]

Not cloudmining (so off-topic?) but definitely a ponzi (so on-topic?): https://bitcointalk.org/index.php?topic=906261

I think it's just plain shocking how easily one can start a ponzi here on bitcointalk and lure enough people in to make a profit. I think it's both shocking that so many people lack common sense, but also that there's no action taken against this.

I'll try and report this somewhere, see if bitciontalk.org will shut this down before even more people lose their BTC.

[skuser]

I added quick ROI calculations for companies considered legit here: http://nextdifficulty.com/ Use on your own risk of course, not too much to chose from anyway...

[siampumpkin]

You should add ContractMine.com

I am experimenting with it here in this thread https://bitcointalk.org/index.php?topic=911366.msg10007621#msg10007621

I feel it needs some investigation. I hope to get some details on payouts, if any, soon.

[BombaUcigasa]

Not cloudmining (so off-topic?) but definitely a ponzi (so on-topic?): https://bitcointalk.org/index.php?topic=906261

I think it's just plain shocking how easily one can start a ponzi here on bitcointalk and lure enough people in to make a profit. I think it's both shocking that so many people lack common sense, but also that there's no action taken against this.

I'll try and report this somewhere, see if bitciontalk.org will shut this down before even more people lose their BTC.

If you want to play with that, use the 14 day plan, payment on term. The last ponzi that offered such rates closed in 21 days, you need to maximize profit and minimize risk.

Since it started 7 days ago, it will most likely die on January 20th or so...

[eneloop]

If that's true (https://bitcointalk.org/index.php?topic=875487.msg10021659#msg10021659) GAW really needs a special hint in this list.

[whitewhidow]

Sooo..   thoughts on scrypt.cc beeing down ?

[NeonTranceBadger]

If that's true (https://bitcointalk.org/index.php?topic=875487.msg10021659#msg10021659) GAW really needs a special hint in this list.

Today when they announced there will be no pay floor at all they went full head on scam.  

https://web.archive.org/web/20150103195141/https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers