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Author Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁  (Read 349423 times)
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MLM: Many Layers of Misery


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July 02, 2018, 11:30:41 AM
 #1921

LOL. Just checking in.
Almost 4 years later and after 348442 views, apparently this is still a thing.
And this forum is still using the same crappy software.

Some things never change I guess.

Haha yeah, for sure.
We have a new "merit system" tho, please accept a point from me for starting this thread and, you never know, over the years saving some noobs some money that was burning a hole in their pockets.

Extraordinary Claims require Extraordinary Evidence
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July 02, 2018, 03:34:12 PM
 #1922

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo  Grin
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?

 Grin
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MLM: Many Layers of Misery


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July 02, 2018, 04:24:13 PM
 #1923

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo  Grin
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?

 Grin

Of course. Smiley

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poor and pathetic mr self important high horseman


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July 02, 2018, 04:32:24 PM
 #1924

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo  Grin
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?

 Grin

Here's some spendable merits for you... welcome back. Don't jelly theymos' yacht, I bet you can afford one too with all those bitcoins you didn't send to scammers Smiley

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July 02, 2018, 05:06:27 PM
 #1925

Ha. A small used leaky one perhaps Smiley
I didnt lose anything in any scam, but my crystal ball didnt predict $10+K prices either so like so many early adopters, I sold most of my coins way too early.
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July 02, 2018, 08:16:40 PM
 #1926

LOL. Just checking in.
Almost 4 years later and after 348442 views, apparently this is still a thing.
And this forum is still using the same crappy software.

Some things never change I guess.
As long there are people who do feed up those scammers this system wont never end and it does still exist even up to now. Thread is really old and very informative but new people do jump to crypto do miss out these kind of precautions or guidelines.  Cheesy

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo  Grin
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?

 Grin
I believe that Legendary members do have default smerits of 200 (Correct me if im wrong).
Ha. A small used leaky one perhaps Smiley
I didnt lose anything in any scam, but my crystal ball didnt predict $10+K prices either so like so many early adopters, I sold most of my coins way too early.
What a regretful thing for early adopters who do sold out early but well past is past and theres no turning back into those mistakes.  Wink


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July 02, 2018, 09:44:29 PM
 #1927


As long there are people who do feed up those scammers this system wont never end and it does still exist even up to now. Thread is really old and very informative but new people do jump to crypto do miss out these kind of precautions or guidelines.  Cheesy

Browsing around on this forum, I have to wonder why one would bother with a mining ponzi these days. Seems like the hot new get rich quick scam is promoting nonsense ICOs by paying off shills to post fake reviews on reddit/telegram/facebook/twitter. Its so blatant and even institutionalized on this forum, that this is condoned just boggles my mind. It does remind me why I turned my back on this forum and it explains what Im seeing on the other places.
Quote
I believe that Legendary members do have default smerits of 200 (Correct me if im wrong).

Not me. Maybe because I hadnt logged in quite some time. Like a year or so.

Quote
What a regretful thing for early adopters who do sold out early but well past is past and theres no turning back into those mistakes.  Wink

Bof. I cant complain too hard. I never bought a single bitcoin, I mined them with a few GPUs and because at least I was smart enough to never sell everything and sell ever smaller slices, Im still tantalizingly close to being able to retire off what I have left. So its hard to feel sorry for myself, I dont need a big yacht Wink
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MLM: Many Layers of Misery


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July 02, 2018, 11:00:04 PM
 #1928


Browsing around on this forum, I have to wonder why one would bother with a mining ponzi these days. Seems like the hot new get rich quick scam is promoting nonsense ICOs by paying off shills to post fake reviews on reddit/telegram/facebook/twitter. Its so blatant and even institutionalized on this forum, that this is condoned just boggles my mind. It does remind me why I turned my back on this forum and it explains what Im seeing on the other places.

Yes, I had about a year away from here too, it gets to you after a while.
It was good timing, in hindsight, as I walked away from most everything else as well, then came back to "civilization" and my trusty paper wallet to find BTC was in five figures and the tabloid newspapers, so it was quite a logical thing to do to sell it. Didn't buy a yacht tho...

But yeah, I also came back to the tsunami of ICO's and airdrops and bounties and thought WTF?


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July 04, 2018, 08:01:59 AM
 #1929

is there an UP-TO-DATE list for NOV-DEC 2017 ?
Yeah, I'd like to see an up-to-date list as well.
If you do quick research, you will found out the OP hasn't active since late 2016 and the info can be found in OP's trust page. So, obviously the list of the websites status is outdated, but the criteria still useful.
I suggest you do your own research before invest in cloud mining or ask in this (or any) forum if you're still unsure.

Without any research about the cloud mining, people kept asking the same thing about cloud mining, recently we have seen many cloud mining websites getting into scamming the investors. I don't know how people are investing in cloud mining even though they have seen many scams happening daily.

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Semi-Decentralized Exchange


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July 04, 2018, 02:02:55 PM
 #1930


Browsing around on this forum, I have to wonder why one would bother with a mining ponzi these days. Seems like the hot new get rich quick scam is promoting nonsense ICOs by paying off shills to post fake reviews on reddit/telegram/facebook/twitter. Its so blatant and even institutionalized on this forum, that this is condoned just boggles my mind. It does remind me why I turned my back on this forum and it explains what Im seeing on the other places.

Yes, I had about a year away from here too, it gets to you after a while.
It was good timing, in hindsight, as I walked away from most everything else as well, then came back to "civilization" and my trusty paper wallet to find BTC was in five figures and the tabloid newspapers, so it was quite a logical thing to do to sell it. Didn't buy a yacht tho...

But yeah, I also came back to the tsunami of ICO's and airdrops and bounties and thought WTF?


Wow! 5 figures, aren't you planning on selling out? It cant really be avoided for sometime on getting jealous for those people who do sit in earlier. Most of them are filthy rich just like you.
When it comes to tsunami of ICO and airdrops/bounty then time do change everything but most of them are trash as of now compared on last years.



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September 26, 2018, 08:26:08 AM
 #1931


Browsing around on this forum, I have to wonder why one would bother with a mining ponzi these days. Seems like the hot new get rich quick scam is promoting nonsense ICOs by paying off shills to post fake reviews on reddit/telegram/facebook/twitter. Its so blatant and even institutionalized on this forum, that this is condoned just boggles my mind. It does remind me why I turned my back on this forum and it explains what Im seeing on the other places.

Yes, I had about a year away from here too, it gets to you after a while.
It was good timing, in hindsight, as I walked away from most everything else as well, then came back to "civilization" and my trusty paper wallet to find BTC was in five figures and the tabloid newspapers, so it was quite a logical thing to do to sell it. Didn't buy a yacht tho...

But yeah, I also came back to the tsunami of ICO's and airdrops and bounties and thought WTF?


Wow! 5 figures, aren't you planning on selling out? It cant really be avoided for sometime on getting jealous for those people who do sit in earlier. Most of them are filthy rich just like you.
When it comes to tsunami of ICO and airdrops/bounty then time do change everything but most of them are trash as of now compared on last years.
If you consider cloud mining a scam, or potentially harmful financial-wise, please continue reading!

Yes, you are absolutely right, there are "only" 20 million BTCs available for mining. But what about other altcoins whose potential skyrocketing growth is yet to occur?

Presently, mining requires strenuous time and effort, but also adept technical knowledge of mining hardware deployment and maintenance. That’s where MyHashing steps in with strong motivation to provide a simple yet secure cloud mining environment.

So far we have three mining facilities which are located across Georgia. Highly experienced teams of professionals ensure safety of the installation, testing, and maintenance of the equipment, and the delivery of the best results. We use hardware and other mining equipment from Bitfury and Bitmain.
We are constantly searching for low-cost electricity and machine friendly weather conditions to build new facilities.

When our platform launches we will be offering Bitcoin and Bitcoin Cash mining contracts. Further down the line we may look into additional crypto currencies. All of our contracts will be signed for a 5 year period.
The packages on offer will be:

Gold – 100 USD – 1 TH/s

Platinum – 475 USD – 5 TH/s

Diamond – 1350 USD – 15 TH/s

Custom – Choose your desired hash rate between 1 TH/s and 1,000 TH/s

Naturally the more hash power you purchase from us, the cheaper the price per TH/s will be.
Our maintenance fee is 0.17 USD a day which will be deducted from your mined coins on a daily basis.

Security, stability and safety will be our main focus and something that we want our users to enjoy without having any concerns.

If you still that there are no legitimate cloud service providers out there, YOU ARE WRONG!

Our website is currently under construction, and will be available shortly.

In the meantime, you can check other interesting specifics via:

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BITCOINTALK  -  https://bitcointalk.org/index.php?topic=5026621.msg46151121#msg46151121

1. This thread is dedicated to warn people about scams. Well it was, util it died... Smiley This is not the place to advertise your service. Just saying

2. Anyone with basic math skills can figure out there is no way to make money using your service. Your 1TH contract at $100 will make $0.06 per day (the maintenance fee is subtracted). It will make you $2.5 until the end of the year. I assumed a modest 5% diff increase. After that the maintenance fee will be greater than the mining earnings. So you basically get $2.5 for a $100 investment. Wow, just wow...

Even if we assume no difficulty increase (highly unlikely), you will just barely break even by the end of the 5 year contract. So only if the difficulty stays at the current levels (hint: it wont) you get $100 for a $100.

Much much better to spend $100 and just buy BTC and HODL.
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