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

[coinmachine777]

Hi guys!

Just two points of information:

1) Topmine.io needs to be added to the list - (I currently have 10usd in it but this is as I enjoy gambling on these kind sites)
    The site fulfills a full 8/8, and even pay users in DogeC just for visiting  , I doubt I will see my 10usd again - but hey.

2)NiceHash is legit IMO (NOTE: OPINION is different from FACT), the reason I say so is that I have mined (GPU RIG) through them, they are an               intermediary between sellers and buyers of almost any hashpower, that take their cut from the trade. You can of course never make a profit as a buyer of hashpower, but selling it works out well. I do around 2USD a day using just my crappy R9270 and old ass CPU.  I will honestly never understand why people invest in actual cloudmining (with the idea of making ROI), but then again people are dumb. (Ref: see point 1, where I have 10usd in topmine )

EDIT: Their little app benchmarks your gear vs real time prices and switches mining algos automatically, quite nice. It is usually more profitable than normal pool mining because of the high rates that buyers pay


Love this thread by the way!

infact cloud mining is very unprofitable nowdays... the problem is that hashpower is never enough even in hashnest and genesis-mining or other legit companies. There's only 1 reliable company I know which offers full power even at different rents price and get some profit...

would you like to share what is that reliable company you are talking about? thx

[daniele_83]

Sorry I am not sure it's allowed, previously I have been modded to have said "contact me by pm".

Maybe cause I am newbie


I find this thread very useful I hope will be updated soon with news!!

[BitcoinSupremo]

Sorry I am not sure it's allowed, previously I have been modded to have said "contact me by pm".

Maybe cause I am newbie


I find this thread very useful I hope will be updated soon with news!!

Stay fully aware of the messages you receive in PM, many scammers will try to impersonate highly trusted members of this forum, so always check his post history and scroll down to all his trust when searching, this should give you a basic idea if he is a scammer or not. Regarding topmine and alike companies, stay away from them if you want to not lose any money you might want to invest there. They are just HYIPS ponzies which cannot stay online for long. So sooner rather than later they will run away with your money.

[aleandromagno]

Sorry I am not sure it's allowed, previously I have been modded to have said "contact me by pm".

Maybe cause I am newbie


I find this thread very useful I hope will be updated soon with news!!

Stay fully aware of the messages you receive in PM, many scammers will try to impersonate highly trusted members of this forum, so always check his post history and scroll down to all his trust when searching, this should give you a basic idea if he is a scammer or not. Regarding topmine and alike companies, stay away from them if you want to not lose any money you might want to invest there. They are just HYIPS ponzies which cannot stay online for long. So sooner rather than later they will run away with your money.

Correct, if you want know opinion of more experienced users it will be better if you say about which service this proposition was. Atm there is two or three legit cloud mining services.
Most likely someone trying to pull you in to Ponzi shame.
Of course everone is respecting your privacy, so it is your own decision, and only advice from us.

 

[daniele_83]

Hi, thank you very much for interest and I appreciate you care for strangers like me.

My friend is a very reliable person and work in a no profit company which analyzes ponzi & scam according to sustainability, balance & trasparency.

Himself told me keep away from a lot of web minor ponzi and now he's attempting to bring me away from the most big pOnzicoin... but I will not make any name here for safety reasons.

I had a chat already with him about that thread and I made a web page which include your company list, I hope you are going to update it in future

 

[soyab0007]

i think cloud mining will go ponzi a week before halving..

or can they manage to give payout after halving?

[Indianacoin]

--- UPDATED LIST (8/05/2016) ---

{Previous update: https://bitcointalk.org/index.php?topic=878387.msg14103958#msg14103958}

Please read OP thoroughly before studying the list below.

Note: Use the "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:

hourlycoins.biz       1+2+3+4+6+7+8      => 7/7 = Ponzi
bitcoincloudservices  1+2+4+5+6*+7       => 6/7 = Ponzi (* founded by known scammer  https://bitcointalk.org/index.php?topic=860400.msg9638868#msg9638868)
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:

bitsrapid.com         1+2+3+4+5+6+7+8    => 7/7 = Ponzi
coindig.eu            1+2+3+4+5+6+7+8    => 7/7 = Ponzi
bitmach.net           1+2+3+4+5+6+7+8    => 7/7 = Ponzi
oxbtc.com             1+2+3+4+5+6+7+8    => 7/7 = Ponzi
bitcoremining.com     1+2+3+4+5+6+7      => 7/7 = Ponzi
topmine.io            1+2+3+4+5+6+7      => 7/7 = Ponzi
bitclubnetwork.com    1+2+3+4+5+6+7+8    => 7/7 = Ponzi (+ a rapist giving testimonial to this service > https://bitcointalk.org/index.php?topic=1152263.msg12133964#msg12133964)
coince.com            1+2+3+4+5+6+7+8    => 7/7 = Ponzi
fortacloud.co         1+2+3+4+5+6+7      => 7/7 = Ponzi
hashocean.com         1+2+3+4+5+6+7+8    => 7/7 = Ponzi
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)
starthash.com         1+2+4+5+7          => 5/7 = Ponzi 
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 and other testimonials 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 = 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) (Their service is terminated recently)
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)
miningrigrentals.com                     => 0/7 = Legit (Trustless, P2P mining rental service, not an active cloudmining site.)
nicehash.com                             => 0/7 = Legit (Trustless, P2P mining rental service, not an active cloudmining site.)

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

[daniele_83]

it depends what happens to bitcoin after...
I think if BitCoin will double, some ponzies will collapse getting all the riches themselves.

Indiana thanks for update!

[crazyivan]

After seeing so many collapsed ponzies, people step up and say BTC having anonymity s great. Fuck that. Scammers should be shot at spot.

[wishxy]

It seems haobtc.com has already gone.

[daniele_83]

It seems haobtc.com has already gone.

so it wasnt so legit... or did the refund people?

[wlefever]

It seems haobtc.com has already gone.

so it wasnt so legit... or did the refund people?

What are y'all talking about? All they did was lower the interest rates...

[coinmachine777]

thanks Indianacoin 

[daniele_83]

It seems haobtc.com has already gone.

so it wasnt so legit... or did the refund people?

What are y'all talking about? All they did was lower the interest rates...

website has gnum gnum...

[Arrakeen]

Do people still use cloudmining?  You're literally throwing your money away hoping to get small fractions back over the course of a century, if the site survives (ie. owners running with your btc)

[tmfp]

It seems haobtc.com has already gone.

so it wasnt so legit... or did the refund people?

What are y'all talking about? All they did was lower the interest rates...

Hao announced a while ago that they would be reducing interest rates due to the halving, which is logical. I know it's not here yet, but maybe it's a defensive move until they see what happens to the price.
At least its logical, unlike blatant scams like HashOcean which say they can magically maintain ROI's no matter what.

https://www.bikeji.com/t/3343

With Bitcoin mining the arrival of the second period by half, and our daily earnings also will be reduced to about half its current, so the corresponding month interest also account for the decline in adjusted.
Adjustment time: halving the period in mid-June, so we adjust the interest period from May 1 onward, the new contracts will be issued from May 1 start of interest in accordance with the new standards.

Don't know what gnumgnum means but their website is fine

[coinmachine777]

Do people still use cloudmining?  You're literally throwing your money away hoping to get small fractions back over the course of a century, if the site survives (ie. owners running with your btc)

not everyone can afford buying a miner.

[NeverBeenKissed]

Hello.

First of all i want to thank daniele_83 for giving me this threat and i got more knowledge.

Thank you daniele_83

My story using cloudmining is that long time ago i had invested to HashProfit and yes .... i lost a few money.

Now i use HashOcean but reading all these makes me worry more than i was before.
I just hope HashOcean to stay alive for another 3 months.

Also i've found  http://www.bitzfree.com/
Maybe it could be added to the suitable list.

A few minutes ago i changed my signature and removed referral link.

[d57heinz]

After seeing so many collapsed ponzies, people step up and say BTC having anonymity s great. Fuck that. Scammers should be shot at spot.

yep im all for it.. There is only few reasons they need anonymity.. They are doing very bad things with the money.. Ie supporting terrorism, they are thief's or they are huge corp that is hiding from taxes!

Absolutely no reason to hide who you are or what you have.  Thats another made up construct by man(those that think possessions gauge a mans worthiness).  possessions never made any man decent that ive ever met!  Mostly the opposite.  LIke ive said before with the craziness that goes on in btc do we really want some of these nutjobs in control of the worlds wealth.. The ones with 10's of thousands of btc.. esp if this becomes the next world currency.. I have my doubts!

Best Regards
d57heinz

[alani123]

Hello.

First of all i want to thank daniele_83 for giving me this threat and i got more knowledge.

Thank you daniele_83

My story using cloudmining is that long time ago i had invested to HashProfit and yes .... i lost a few money.

Now i use HashOcean but reading all these makes me worry more than i was before.
I just hope HashOcean to stay alive for another 3 months.

Also i've found  http:://www.bitzfree.com/
Maybe it could be added to the suitable list.

A few minutes ago i changed my signature and removed referral link.

I've seen games like bitzfree come and go. It most definitely doesn't own any mining equipment, it's nothing more than a game. The free 20Gh/s that they offer is nothing, 0.70$ a month at best. People that browse those websites day and night generate more for them through advertising, and they also probably offer advantages for premium members that pay them. Overall there's no money to be made from such games other than pennies and even for that it works like a ponzi, shuffling the money of participants around to make it seem like there's profit. Until it shuts down of course.