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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 361297 times)
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Minerjoe
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March 26, 2015, 08:26:31 PM
 #901

You people play with fire here. I know you have the best intention here but trying to figure out what s ponzi in BTC economy s a really hard thing to do. I just hope people do their own due diligence before investing.

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March 27, 2015, 04:36:39 PM
 #902

is this company reliable ?

https://www.genesis-mining.com

" I tie a rope around my penis and jump from a tree "
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March 27, 2015, 06:58:06 PM
 #903

is this company reliable ?

https://www.genesis-mining.com

IMHO, yes. But u ll never reach ROI with them. They are among the most expensive cloud hash providers in the market.

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March 30, 2015, 02:19:32 PM
 #904

is this company reliable ?

https://www.genesis-mining.com

i was thinking about buying some contracts here, but everybody now talks more about getting out and not about investing somewhere Grin maybe i'll wait for better days, unless something changes.
why risk if you are even lucky to get your money back, not even talking about profit

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March 30, 2015, 08:23:00 PM
 #905

is this company reliable ?

https://www.genesis-mining.com

i was thinking about buying some contracts here, but everybody now talks more about getting out and not about investing somewhere Grin maybe i'll wait for better days, unless something changes.
why risk if you are even lucky to get your money back, not even talking about profit

I think that s a smart decision. Genesis Mining s expensive and their biggest issue s no exit option. You cant sell your hash and get out.

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April 03, 2015, 06:55:48 AM
 #906

Besides Bit X and Hashnest, I would not even consider touching any other cloud mining services. The key s who produces the miners, if there s no link with the manufacturer, I would pass on it.

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April 03, 2015, 08:50:36 AM
 #907

I had a second thought and I would agree, I'm gonna invest in hashnest, cause genesis-mining does not have manufacturing business to lose if they close cloudmining and flee. What about this bit-x? They also produce miners? No miners on their page, they are separate company?

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April 03, 2015, 08:52:21 AM
 #908

I had a second thought and I would agree, I'm gonna invest in hashnest, cause genesis-mining does not have manufacturing business to lose if they close cloudmining and flee. What about this bit-x? They also produce miners? No miners on their page, they are separate company?

They have a deal with Bitfury and they use their infrastructure. If you do decide to invest in Hashnest, let me know what you need, I have some cloud miners to sell, via their exchange.

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April 03, 2015, 08:55:24 AM
 #909

I've read that they are backed by bitfury, but just wanted to confirm that. So then they are a separate company that could close the mining on various reasons and bitfury would not be responsible looks like.

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April 03, 2015, 09:32:50 AM
 #910

I've read that they are backed by bitfury, but just wanted to confirm that. So then they are a separate company that could close the mining on various reasons and bitfury would not be responsible looks like.

Well, in theory, yes. But they do seem to be very professional. The website s great, they have invested a lot into marketing as well and I think they re here to stay.

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April 03, 2015, 04:12:05 PM
 #911

Bit-x, Hashnest and Genesis Mining all have backing from manufacturers.

Bit-x = BitFury
Hashnest = Bitmain
Genesis Mining = Spondoolies
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April 07, 2015, 08:21:06 AM
 #912

backing from manufacturers sounds different than manufacturers themselves doesn't it? the only one left looks like Bitmain and their hashnest. too bad...

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April 07, 2015, 02:43:47 PM
 #913

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?
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April 07, 2015, 04:50:01 PM
 #914

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.

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April 07, 2015, 05:08:22 PM
 #915

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
 #916

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
 #917

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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April 07, 2015, 08:16:58 PM
 #918

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?
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April 07, 2015, 08:35:46 PM
 #919

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
 #920

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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