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

[ThePhwner]

So I'm stupid enough to cloudmining... I have investments in Hashnest (most) and Bit-X; also a tiny bit in zeushash (which I bought without knowing better but seems to be ROI any day now.

I feel comfortable with Hash and Bit, but perhaps not putting in even more money. Diversify, might be good

What site do you guys recommend for my new investment? No ponzi and not only life-time contracts.

Thanks!

Check out the B-MINE/B-SELL fund on Havelock. Shares are based on 100 Gh/s of mining and adjust with difficulty changes. You can buy/sell through an orderbook too. The first round completed earlier this year and was a good investment; 2nd round is in process now.

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[tmltd]

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.

Thanks for the info.
Anyway, being from the very same place as cointellect doesn't help.

No photos, no mining address, no money. Easy.

They have photos in their site here https://hashflare.io/data-center/ go to TECHNICAL SPECIFICATIONS and expand PICTURES. Also they have photos in instagram https://instagram.com/hashcoins/. HashFlare belongs to HashCoins. The address of HashCoins is here https://www.hashcoins.com/company/contact/.

[clownius]

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.

Thanks for the info.
Anyway, being from the very same place as cointellect doesn't help.

No photos, no mining address, no money. Easy.

They have photos in their site here https://hashflare.io/data-center/ go to TECHNICAL SPECIFICATIONS and expand PICTURES. Also they have photos in instagram https://instagram.com/hashcoins/. HashFlare belongs to HashCoins. The address of HashCoins is here https://www.hashcoins.com/company/contact/.

I see three of what could be miners.  As photos go thats not even close to proof.

[suchmoon]

what about this one?

https://hashflare.io/

From Estonia, Tallinn ... like cointellect

According to their site, HashCoins is their first service. HashCoins is ASIC manufacturer but they are liars. HashCoins Bitcointalk account isn't online since March. They may have a small ASICs setup for mining but this is obvious ponzi. They didn't even provide an image. Don't invest there.

See https://bitcointalk.org/index.php?topic=417623.msg9823103#msg9823103.

Thanks for the info.
Anyway, being from the very same place as cointellect doesn't help.

No photos, no mining address, no money. Easy.

They have photos in their site here https://hashflare.io/data-center/ go to TECHNICAL SPECIFICATIONS and expand PICTURES. Also they have photos in instagram https://instagram.com/hashcoins/. HashFlare belongs to HashCoins. The address of HashCoins is here https://www.hashcoins.com/company/contact/.

I see three of what could be miners.  As photos go thats not even close to proof.

Someone mentioned miners?

Let me present you what has become the gold standard of mining picture proof... picture mining proof... picture-proof mining... smth like that.


Edited 2020-11-28 to fix a broken image

... and that one turned out to be as fake as it gets. So pictures == useless.

[Tigggger]

Let me present you what has become the gold standard of mining picture proof... picture mining proof... picture-proof mining... smth like that.



... and that one turned out to be as fake as it gets. So pictures == useless.

I remember that picture at the time, the fact that there were no wires to be seen was rather suspicious, but I don't remember how it turned out. Was it just a photoshop ?

[suchmoon]

Let me present you what has become the gold standard of mining picture proof... picture mining proof... picture-proof mining... smth like that.



... and that one turned out to be as fake as it gets. So pictures == useless.

I remember that picture at the time, the fact that there were no wires to be seen was rather suspicious, but I don't remember how it turned out. Was it just a photoshop ?

The miners were real, likely ready to be shipped to customers, temporarily unpacked for the photo-op. The two GAW guys (Garza and Mordica) could be photoshopped onto it, doesn't really matter. The fact is that at the time the picture was taken (August 2014) that warehouse had no power or cooling infrastructure for mining.

They later (October 2014) fitted it with transformers and coolers, purchased some AntMiners (not that Zeus crap in the picture), mined for a few months, didn't pay their power company, got their power cut off, and got sued by the power company for breach of contract/non-payment. Of course that's just the tip of the iceberg in the whole clusterfuck.

[Tigggger]

I had a feeling it was going to be GAW given your sig

I've had nothing to do with them, never smelt right to me, but I did jump on the paycoin launch and mined the crap out of it and sold it all for a very nice week of profits, it was never going to be worth the $20 they promised, seem to think I sold most around $8 but no idea which exchange I used so can't check....

Found a post of mine from CoinDesk just after the launch



.... Cryptsy $0.03 wow, such fail

[howardb]

Heads up, btcminer.co are taking miner rental orders but not delivering. My mining capacity was supposed to be delivered today 4 days after order, but just got an email saying it would be another 7 days!! Not proof that they are a scam, but I would certainly advise people not to order from them until I've seen some delivery.

[crazyivan]

Anyone s got any news about the next gen chips? I see Bitman S5 are almost out of stock. Will we see another 2000 units offered for sale or is it maybe time for something new?

[Coin.millionair]

Ponzi's that have already collapsed as predicted:

Code:

PBmining.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
Lunaminer.com         1+2+3+4+5+6+7      => 7/7 = Ponzi
coinsoncloud.eu       1+2+3+4+5+6+7      => 7/7 = Ponzi
Cryptomine.io         1+2+3+4+5+6+7      => 7/7 = Ponzi
hashie.co ("gen1")    1+2+3+4+5+6        => 6/7 = Ponzi
bitcoinlabmining.com  1+2+3+4+5+6+7      => 7/7 = Ponzi
ltcgear               1+3+4+5+6          => 5/7 = (very) suspicious
hashprofit.com        1+2+3+4+5          => 5/7 = (very) suspicious
minethatcloud.com     1+2+3+4+5+6+7      => 7/7 = Ponzi
CoIntellect.com       1+2+5+6+7          => 5/7 = (very) suspicious
terabox.me            1+2+3*+4+5+6+7*    => 6/7 = Ponzi (pictures are not convincing to me for now, exit strategy involves  60+ days stall tactic)
chabatmining.com      1+2+3+5+6+7        => 6/7 = Ponzi
Ecrypto.co.in         1+2+3+4+6+7        => 6/7 = Ponzi (+ confirmed scam, they are no partners of cex.io)
GenerateBTC.com       1+2+3+4+5+6+7      => 7/7 = Ponz

Likely Ponzi scams that have yet to collapse:

Code:

cloudminr.io          1+2+3+4+5+6+7      => 7/7 = Ponzi
cloudmining.website   1+2+3+4+5+6+7      => 7/7 = Ponzi
Skycoinlab.com        1+2+3+4+5+6+7      => 7/7 = Ponzi (+ organized by serial ponzi scammer: ?topic=583177.msg10298730)
btcslice.com          1+2+3+4+5+6+7      => 7/7 = Ponzi (+ pays out in reversible paypal ?)
grmining.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
bitcoinmaker.ch       1+2+3+4+6+7+8      => 7/7 = Ponzi
eobot.com             1+2+3+5+6+7        => 6/7 = Ponzi (+ possible malware/wallet stealing software)
hashwar.co            1+2+3+4+6+7        => 6/7 = Ponzi
bitrush.com           1+2+3+4+6+7        => 6/7 = Ponzi

Code:

nexusmining.com       1+2*+3+4+5+7       => 6/7 = Ponzi (Guy from Spondoolies says im wrong, but I cant score what I havent seen and he seems to confirm they have no hardware)
minerslab.com         1+2+3+4+6+7        => 6/7 = Ponzi (+ selling hardware that doesnt exist + using purchased "legendary" account)
bitcoincloudservices  1+2+4+5+6*+7       => 6/7 = Ponzi (+ founded by known scammer  https://bitcointalk.org/index.php?topic=860400.msg9638868#msg9638868)
scrypt.cc             1+2+3+4+5+6        => 6/7 = Ponzi (preliminary assessment)
Kryptologika          1+2+3+4+*          => */7 = Ponzi -> passthrough of AMhash which is defunct. Currently operating as fractional reserve/ponzi.
hashcoins.com         ~1+2+3+4+7         => 5/7 = (very) suspicious (user selectable pool requires fee, dc pictures show no miners, linkedin profile doctored, hardware sales very dubious,..)
Zeushash              1+2+3+4+5          => 5/7 = (very) suspicious

Rest:

Code:

Cryptsy MN            1+2+3+4            => 4/7 = Possibly/partially legit ( + no details on fee structure)
cloudmining.sg        1+2+4+7            => 4/7 = Possibly/partially legit
genesis-mining        1+4+7              => 3/7 = Probably legit (risk of fractional reserve mining)
Megamine.com          1+4                => 2/7 = Probably legit
Bit-x.com             1+4                => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)
pow88.com             1+2                => 2/7 = Probably legit (preliminary assessment)
KNCcloud              7                  => 1/7 = Legit (but as hardware vendor, they broke their promise not to selfmine with more than 5% of customers hashrate )
Hashnest (umisoo)                        => 0/7 = Legit

Obsolete or suspended:

Code:

AMhash                                   => 0/7 = Legit (if you buy directly) / divs momentarily (?) suspended
Cex.io                4                  => 1/7 = Legit
Cryptx PETAmine                          => 0/7 = Legit
GAWminers             1+4+5+~7           => 4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field

Have these tables been updated lately and/or will be updated in the near future with new "companies" ?

[Tigggger]

Have these tables been updated lately and/or will be updated in the near future with new "companies" ?

I don't think so, I'm sure puppet said previously that he didn't intend for it to be an ongoing list (partially because there are so many springing up it would be a full time job)

The first post serves as a template to evaluate any new ones that turn up so it's still useful.

There are so few genuine ones that it's safe to assume anything new is a scam, the couple that are reputable will just lose you money as they are too expensive.

[howardb]

Looks like btcminer.co  are a confirmed scammer, they promised me a full refund by monday (after not delivering rental kit last friday), needless to say they didn't deliver and now they have gone dark. Website still taking orders though! and I notice they have removed the 'stock count' aswell, just in case it stopped them taking the fraudulent orders!

[Superhitech]

What do you guys think about this mining service? https://bitcointalk.org/index.php?topic=1145205.0

They claim $0/khw, because of this:

this is cloud mining, how can o cents/kwh

Costs will be covered by the greenhouse, in return for the heat that fuels the greenhouse year round.  It will take time, but it will get there.

which sounds fishy, but they have provided photo proof. What do you guys think?

[suchmoon]

What do you guys think about this mining service? https://bitcointalk.org/index.php?topic=1145205.0

They claim $0/khw, because of this:

this is cloud mining, how can o cents/kwh

Costs will be covered by the greenhouse, in return for the heat that fuels the greenhouse year round.  It will take time, but it will get there.

which sounds fishy, but they have provided photo proof. What do you guys think?

Not sure what that photo proof is supposed to prove. They are not selling "cloud mining" on those S1s, they're expecting people to "invest" and ship them their miners. That a whole different set of risks.

[favdesu]

What do you guys think about this mining service? https://bitcointalk.org/index.php?topic=1145205.0

They claim $0/khw, because of this:

this is cloud mining, how can o cents/kwh

Costs will be covered by the greenhouse, in return for the heat that fuels the greenhouse year round.  It will take time, but it will get there.

which sounds fishy, but they have provided photo proof. What do you guys think?

Not sure what that photo proof is supposed to prove. They are not selling "cloud mining" on those S1s, they're expecting people to "invest" and ship them their miners. That a whole different set of risks.

I agree. could be a pre-sale ponzi, which is ridiculous if you think about it. I would not invest there

[Coin.millionair]

What did you guys hear about:

https://xscrypt.com/     

It is not listed as scam in the above list.
How You think ? Any experience ?

[cryptodevil]

What did you guys hear about:

https://xscrypt.com/     

It is not listed as scam in the above list.
How You think ? Any experience ?

xscrypt was outed the moment it appeared, but then your post history doesn't exactly show you as the type of person who cares either way.

https://bitcointalk.org/index.php?topic=1067965.0

[Coin.millionair]

Thx for the rapid reply. (Just didnt pay enuf attention to find this thread)
Dont judge me by my post history. No worries, i care.  


I've been "scammed" (ROI lower than 100%) by a few times indeed, but my overall ROI is way more than 500% with different CloudMinings and Ponzis (YES even some PONZIS worked for me !
Key is to jump out just at the right time  

[cryptodevil]

Key is to jump out just at the right time 

No, the 'key' is to not participate at all and starve the scammers of their profit.

Your 'profit' comes from other people losing their 'investment'. No, it is not the same as trading on the markets where one side gains and the other loses, because you are not in a market with equal rules and known elements, you are simply sending money to criminals and hoping that your funding of their scam will be rewarded by their decision to send you a fraction of their loot so you can further promote their scam to other victims.

Nice morality you got there.

[Coin.millionair]

Ok, then You judge me by my moral !
Its pretty fair now. 

I dont give a shit 'bout other's loss.
Its a free market.
Everyone has his/her own choice. Noone have been forced to risk !

Quoted by the Beastie Boys & Mario Caldato Jr:
'Livin in a world of pure confusion,
ppl led/mislead by their own decision/illusion...'