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

[BitUsher]

To assist in your great efforts - 2 more likely ponzi's down and need to be updated on the OP-

http://grmining.com
Stopped paying out and now site is parked and offline
https://bitcointalk.org/index.php?topic=984340.0

http://www.cloudminr.io/
Another "hack"
https://www.cryptocoinsnews.com/cloudminr-io-hacked-user-database-put-up-for-sale/

[kaprosuchus]

Even "legitimate" mining will probably lose money...

Case in point:

AntS5 Numbers (day 50):
(UPDATED)



https://sites.google.com/site/freebitcoinsforall/

[elrippo]

To assist in your great efforts - 2 more likely ponzi's down and need to be updated on the OP-

http://grmining.com
Stopped paying out and now site is parked and offline
https://bitcointalk.org/index.php?topic=984340.0

http://www.cloudminr.io/
Another "hack"
https://www.cryptocoinsnews.com/cloudminr-io-hacked-user-database-put-up-for-sale/

That's pretty old news mate 

[tmfp]

Anyone tempted into buying hashrate/mining hardware from bitcoinminersuk. com should maybe have a read of this first

https://bitcointalk.org/index.php?topic=1171121.0

[BitUsher]

To assist in your great efforts - 2 more likely ponzi's down and need to be updated on the OP-

http://grmining.com
Stopped paying out and now site is parked and offline
https://bitcointalk.org/index.php?topic=984340.0

http://www.cloudminr.io/
Another "hack"
https://www.cryptocoinsnews.com/cloudminr-io-hacked-user-database-put-up-for-sale/

That's pretty old news mate 

I know...
Just asking for the OP to be updated

[kaprosuchus]

AntS5 Numbers (day 59):
(UPDATED)



https://sites.google.com/site/freebitcoinsforall/

[kingaltcoins]

Zeushash has stopped paying out to the miners! They have come up with a terrible excuse which is being displayed every time I click the withdrawal button.

Looks like they fixed this error today.
I contacted them about the issue and they responded today stating that its fixed.

Also I checked and the pending withdrawal was fine

[Indianacoin]

--- UPDATED LIST (11/02/2016) ---

{Previous update: https://bitcointalk.org/index.php?topic=878387.msg13644809#msg13644809}

Note: Please use "Find" function (Ctrl+F) on your browser and type the name of a cloudmining site you want to find from the list and research thoroughly before buying a contract from there.


Ponzi's that have already collapsed as predicted:

Code:

bitcoinminersuk.com   1+2+3+4+5+6+7      => 7/7 = Ponzi
Lbtcl.com             1+2+3+4+5+6+7      => 7/7 = Ponzi
bitknock.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
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             1+2+3+4+5+6+7      => 7/7 = Ponzi
bitcoinlabmining.com  1+2+3+4+5+6+7      => 7/7 = Ponzi 
ltcgear               1+2+3+4+5+6+7      => 7/7 = Ponzi
hashprofit.com        1+2+3+4+5+6+7      => 7/7 = Ponzi
minethatcloud.com     1+2+3+4+5+6+7      => 7/7 = Ponzi
CoIntellect.com       1+2+3+4+5+6+7      => 7/7 = Ponzi
terabox.me            1+2+3*+4+5+6+7*    => 7*/7 = Ponzi (pictures are not at all convincing, exit strategy involves  60+ days stall tactic)
chabatmining.com      1+2+3+4+5+6+7      => 7/7 = Ponzi
Ecrypto.co.in         1+2+3+4+5+6+7      => 7/7 = Ponzi (+ confirmed scam, they are no partners of cex.io)
GenerateBTC.com       1+2+3+4+5+6+7      => 7/7 = Ponzi
cloudminr.io          1+2+3+4+5+6+7      => 7/7 = Ponzi
grmining.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
hashwar.co            1+2+3+4+5+6+7+8    => 7/7 = Ponzi
bitrush.com           1+2+3+4+5+6+7      => 7/7 = Ponzi
scrypt.cc             1+2+3+4+5+6+7+8    => 7/7 = Ponzi
Kryptologika          1+2+3+4+5+6+7      => 7/7 = Ponzi
Cryptsy MN            1+2+3+4+5+6+7      => 7/7 = Ponzi ( + no details on fee structure) (withdrawl problems noticed!)
Coolhash.com          1+2+3+4+5+6+7      => 7/7 = Ponzi (+ possible malware/wallet stealing software)
Bitminr.com           1+2+3+4+5+6+7      => 7/7 = Ponzi (+ possible malware/wallet stealing software)
MineProfit.com        1+2+3+4+5+6+7      => 7/7 = Ponzi (+ possible malware/wallet stealing software)
SpecialMiner.com      1+2+3+4+5+6+7      => 7/7 = Ponzi  (+ possible malware/wallet stealing software)
Scryptsy.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
cloudhours.net        1+2+3+4+5+6+7      => 7/7 = Ponzi
bitcoinmaker.ch       1+2+3+4+6+7+8      => 7/7 = Ponzi

Likely Ponzi scams that have yet to collapse:

Code:

HourlyMine.com        1+2+3+4+5+6+7+8    => 7/7 = Ponzi
cldmine.com           1+2+3+4+5+6+7+8    => 7/7 = Ponzi
bitcoinmining.me      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 ?)
cloudmining.website   2+3+4+5+6+7        => 6/7 = Ponzi
eobot.com             1+2+3+5+6+7        => 6/7 = Ponzi (+ possible malware/wallet stealing software)
nexusmining.com       1+2*+3+4+5+7       => 6/7 = Ponzi (Guy from Spondoolies says im wrong, but I can't score what I haven't 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)
cloudmining.sg        1+2+4+6+7          => 5/7 = Ponzi (Founder's LinkedIn account deleted, Uses Weebly's free checkout platform)
hashcoins.com 
and hashflare.io     ~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,..) (*now owned by hashflare.io)
Zeushash              1+2+3+4+5          => 5/7 = (very) suspicious
Bitminer.eu           1+2+5+6            => 4/7 = suspicious (+ Pictures of their miners might be Photoshopped)
Miningsweden.se       1+2*+5+7           => 4/7 = Quite suspicious (*will remove as soon as I receive confirmation from Bitmain)

Rest:

Code:

genesis-mining.com    1+2+5+7            => 4/7 = Probably legit.
pow88.com             1+2+5              => 3/7 = Probably legit (preliminary assessment) (Suspicious referral bonus : 1% hourly !!!)
Bit-x.com             1+4                => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)
haobtc.com            1+2                => 2/7 = Probably Legit (investment based cloudmining company => https://bitcointalk.org/index.php?topic=1023187.0)
bw.com                1                  => 1/7 = Legit (1 - https://bitcointalk.org/index.php?topic=878387.msg13605117#msg13605117)
Hashnest              1                  => 1/7 = Legit (1 - https://bitcointalk.org/index.php?topic=878387.msg13605117#msg13605117)

Obsolete or suspended:

Code:

AMhash                                   => 0/7 = Legit
KNCcloud              7                  => 1/7 = Legit
Cex.io                4                  => 1/7 = Legit
Cryptx PETAmine                          => 0/7 = Legit
Megamine.com          1+4                => 2/7 = Probably 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

Tips are much appreciated for maintaining and updating the list periodically!
Tip jar: 1SoumyadbsfCGsSekYdgAkWpGZM3WSaxt

Thanks

[Indianacoin]

I updated the thread based on Puppet's claim last time.
So I introduced the Obsolete or suspended section back again.

To assist in your great efforts - 2 more likely ponzi's down and need to be updated on the OP-

http://grmining.com
Stopped paying out and now site is parked and offline
https://bitcointalk.org/index.php?topic=984340.0

http://www.cloudminr.io/
Another "hack"
https://www.cryptocoinsnews.com/cloudminr-io-hacked-user-database-put-up-for-sale/

Already updated on previous listing.
Please use the "Find" function on your browser to search for a site quite easily.

Zeushash has stopped paying out to the miners! They have come up with a terrible excuse which is being displayed every time I click the withdrawal button.

http://i65.tinypic.com/30m8v9z.png

Looks like they fixed this error today.
I contacted them about the issue and they responded today stating that its fixed.

Also I checked and the pending withdrawal was fine

Removed the link of your previous claim on this update.

[soyab0007]

does hashocean is legit cloud mining?

[tmfp]

does hashocean is legit cloud mining?

Use "search".
If by "legit" do you mean it is proven to be doing what it says, the answer is no.
The current situation is the usual one, objectively it is a scam that hasn't collapsed yet, there is the occasional person claiming to be paid.

[soyab0007]

does hashocean is legit cloud mining?

Use "search".
If by "legit" do you mean it is proven to be doing what it says, the answer is no.
The current situation is the usual one, objectively it is a scam that hasn't collapsed yet, there is the occasional person claiming to be paid.

its been running from past 2 years.. and users are getting daily payout..

My question is : Can we invest big in hashocean?

also can anyone explain how hashnest PACMIC v4 works?
lets say, I purchased 1ths / btc
How much payout can I expect and will it be on regular basis

[tmfp]

does hashocean is legit cloud mining?

Use "search".
If by "legit" do you mean it is proven to be doing what it says, the answer is no.
The current situation is the usual one, objectively it is a scam that hasn't collapsed yet, there is the occasional person claiming to be paid.

its been running from past 2 years.. and users are getting daily payout..

My question is : Can we invest big in hashocean?

No, your question was is it legit?
What your question is now, is can you resist the temptation to 'invest big' in something which you probably realise is too good to be true.....hey, 321,961 people can't be wrong...can they?

Anyway, this thread is for people to apply Puppet's criteria to help spot likely scams and I reckon Hashocean is 6/7.
That won't stop you tho. And I won't say good luck.

[soyab0007]

Does 6/7 means close to getting scam sooner or later ?

[aleandromagno]

You talk about HashOcean, i know this website very good, but i can not find this service on this list..? 

[tmfp]

Does 6/7 means close to getting scam sooner or later ?

You talk about HashOcean, i know this website very good, but i can not find this service on this list..? 

Apply the criteria outlined here to estimate the likelihood of HashOcean (or any other supposed cloudminer) being a possible Ponzi and make up your own minds guys. 

[aleandromagno]

Does 6/7 means close to getting scam sooner or later ?

You talk about HashOcean, i know this website very good, but i can not find this service on this list..? 

Apply the criteria outlined here to estimate the likelihood of HashOcean (or any other supposed cloudminer) being a possible Ponzi and make up your own minds guys. 

I know what you mean, but to be honest, can you show one project around Bitcoin without risk.. high risk? Bitcoin itself is still just experiment, so all projects are very risky. Difference can be just risky, very risky or extremely risky. Don't want to defend Ponzis, but most people is investing there with awareness of risk, just because they are greedy.
 

[tmfp]

I just fell over a Google ad for Fortacloud, from Reston Virginia.
Apparently they have been running datacenters everywhere for all time and now they are offering us lucky people cloudmining contracts for life. 
I don't have time right now to get into them deeply, but a quick Google finds a lot of big buzz words "global" "next generation" "enterprise-level" ad nauseam.
At the same time, this mega international fibre optic blahblah operation is offering self referral commission and 50% discounts....
A very quick impression is they have one of those hidden fee scams going on with their cancellation policy for standard services
https://www.lowendtalk.com/discussion/31635/fortacloud-2-gig-ram-free-vps-discovered-to-be-a-scam

Their "lifetime" mining is apparently done with Bitfury gear and costs $400 T/hs (Silver plan). Oh, and they're in Panama. Yup, Panama. 
Their online support knows nothing about anything to do with roi, nor is it mentioned on their site.

Meanwhile, on Twitter, they use the same photo of miners as the MMM scam does, instead of racks of their shiny new Bitfurys......not looking to promising right now, will look at them in further detail during the week. 

[tmfp]

Does 6/7 means close to getting scam sooner or later ?

You talk about HashOcean, i know this website very good, but i can not find this service on this list..? 

Apply the criteria outlined here to estimate the likelihood of HashOcean (or any other supposed cloudminer) being a possible Ponzi and make up your own minds guys. 

I know what you mean, but to be honest, can you show one project around Bitcoin without risk.. high risk? Bitcoin itself is still just experiment, so all projects are very risky. Difference can be just risky, very risky or extremely risky. Don't want to defend Ponzis, but most people is investing there with awareness of risk, just because they are greedy.

Sure.
There are some people who would go as far as saying that Bitcoin isn't suitable at all for this type of investment because of the unacceptable risk (conventionally rated) factor involved, and that it should be only either hodled or spent on coffee.

Just because some people feel their BTC burning a hole in their wallet, doesn't make the risk any more acceptable or the outcome less inevitable.

[cryptodevil]

I know what you mean, but to be honest, can you show one project around Bitcoin without risk.. high risk?

There is a huge difference between a high-risk investment and criminally fraudulent scam.