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

[picolo]

Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.

Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.

I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.

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[Puppet]

A real business with real real mining hardware could eventually steal customer coins (but could also be held responsible)
A (n anonymous) ponzi operation can only eventually steal customer coins (and can probably not be held responsible).

[l3sny]

Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.

Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.

I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.

Any business accepting clients' money can steal them. Just look on the banks

[Zeta0S]

:-)

[BangSamiet]

What Anybody Know Site to cloud mining LTC or DOGE but not SCAM or PONZI??

[galdur]

Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.

Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.

I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.

Any business accepting clients' money can steal them. Just look on the banks

But that´s ...///drumbeat///... legal scamming. You know, like when the government has a monopoly on the use of violence. Which it decreed on itself of course while it legalized sundry scams. Scamsters often require quite violent protection that goes without saying.

[rualpema]

Good afternoon guys.
with so many sites to sell bitcoin machines.
which reliable?
those that we pay, and we are not deceived.
I leave here some sites where they sell machines.
who know who are reliable.

http://asicminer-shop.de/Home

http://hashra.com/

http://www.gawminers.com/

http://www.spondoolies-tech.com/

http://www.antminerdistribution.com/

http://buy-antminer.com/

https://www.protact.net

https://www.achilleslabs.com/shop/

https://www.hashcoins.com/

https://www.minerslab.com/     99% fraud

https://bitmaintech.com/product.htm

https://emic.com.pl/en/      99% fraud

http://holybitcoin.com/

http://www.xbtec.io/

http://www.visionman.com/product_info_2.php?products_id=9310

http://bitmine.ch/product/coincraft-desk-gen2/

http://technobit.eu/index.php

http://www.bithashminer.com/

[ATCkit]

check out these 2 guides:

Dogie's Comprehensive Manufacturer Trustworthiness Guide:
https://bitcointalk.org/index.php?topic=456691.0

and

Bicknellski's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide
https://bitcointalk.org/index.php?topic=799423


Personally, I buy from Bitmain. I hear Spoondoolies is very good to deal with too.

[owlcatz]

Don't buy anything from GAW miners, unless you want to support a scam operation. https://bitcointalk.org/index.php?topic=857670.0

[Muhammed Zakir]

Don't buy anything from GAW miners, unless you want to support a scam operation. https://bitcointalk.org/index.php?topic=857670.0

They shutdown it recently. Did they start cloud mining again?

   -MZ

[Kevinrasf]

Excellent work, most of these sites are indeed scams.

Keep it up.

[Syke]

Looks like bitcloudmine.com is the newest ponzi scam.

[ATCkit]

Don't buy anything from GAW miners, unless you want to support a scam operation. https://bitcointalk.org/index.php?topic=857670.0

They shutdown it recently. Did they start cloud mining again?

   -MZ

No they're not cloud mining. I've read that they're selling off the 5 PHS of Bitmain S4 miners they bought for this. The company line is that the maintenance fees they collected did not cover the cost for cloud mining. Others say that there's SEC concern about them mining now that they're running PayBase, Paycoin and an Exchange. GAW is trying to be the first company doing things by the book so that they can release the PayBase features when they get the legal green light. Once they set the example of meeting legal requirements in what they are doing behind the scenes now, others will be examined by the governments and have to meet the same requirements too. It will be interesting to see how Crypto 2.0 unfolds in 2015.

[Muhammed Zakir]

No they're not cloud mining. I've read that they're selling off the 5 PHS of Bitmain S4 miners they bought for this. The company line is that the maintenance fees they collected did not cover the cost for cloud mining. Others say that there's SEC concern about them mining now that they're running PayBase, Paycoin and an Exchange. GAW is trying to be the first company doing things by the book so that they can release the PayBase features when they get the legal green light. Once they set the example of meeting legal requirements in what they are doing behind the scenes now, others will be examined by the governments and have to meet the same requirements too. It will be interesting to see how Crypto 2.0 unfolds in 2015.

I also got the email. But... I think THs-they-were-selling isn't equal to THs-they-have.

   -MZ

[btcminer021]

Love this damn post! Keep the list going!

Next up one on the odds for the casino sites? 

[Muhammed Zakir]

Love this damn post! Keep the list going!

Next up one on the odds for the casino sites? 

IIRC There is one already made by DiamondCardz.

   -MZ

[btcminer021]

Love this damn post! Keep the list going!

Next up one on the odds for the casino sites? 

IIRC There is one already made by DiamondCardz.

   -MZ

https://bitcointalk.org/index.php?topic=927971.0

Good info here, thanks!

[idonothave]

Good afternoon guys.
with so many sites to sell bitcoin machines.
which reliable?
those that we pay, and we are not deceived.
I leave here some sites where they sell machines.
who know who are reliable.

http://asicminer-shop.de/Home

http://hashra.com/

http://www.gawminers.com/

http://www.spondoolies-tech.com/

http://www.antminerdistribution.com/

http://buy-antminer.com/

https://www.protact.net

https://www.achilleslabs.com/shop/

https://www.hashcoins.com/

https://www.minerslab.com/     99% fraud

https://bitmaintech.com/product.htm

https://emic.com.pl/en/      99% fraud

http://holybitcoin.com/

http://www.xbtec.io/

http://www.visionman.com/product_info_2.php?products_id=9310

http://bitmine.ch/product/coincraft-desk-gen2/

http://technobit.eu/index.php

http://www.bithashminer.com/

spondoolies-tech.com makes very good miners, they are reliable, I have bought some and I am very satisfied
technobit.eu makes cheap, noisy, energetic non efficient miners, I have bought there, I was satisfied for a while
bitmaintech.com makes good, efficient, cheap miners, I have bought there, I am satisfied

[Borgminer]

how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .

[Muhammed Zakir]

how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .

Every ponzi do it. It is mostly a scam because it isn't providing legit-proofs about their mining. They didn't publish a block solved by them. Take a look at PBMining and you will know what we're telling.

   -MZ