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tunkhty
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January 17, 2015, 10:06:04 AM
 #1

this is my second thread about this . pls explain for me  cointellect is P2P PPS or something else and is there a pool like it or a pool low minimum difficulty ?

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Kluge
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January 17, 2015, 10:26:16 AM
 #2

Cointellect is a ponzi, not a mining pool.

Don't mix your coins someone said isn't legal
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January 17, 2015, 11:41:18 AM
 #3

Cointellect is a ponzi, not a mining pool.

True, their payout are way too high than any other pools. They also ask people to install their own "miner" application.


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tunkhty
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January 17, 2015, 12:46:42 PM
 #4

what is a ponzi and is there a pool like a "ponzi"

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CodyAlfaridzi
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January 17, 2015, 12:51:30 PM
 #5

what is a ponzi and is there a pool like a "ponzi"

From wikipedia
Quote
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

http://en.wikipedia.org/wiki/Ponzi_scheme

It's a fraud. Cointellect is a NOT a mining pool.


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dlc1962
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January 17, 2015, 12:54:51 PM
 #6

It, also, has a virus attached to it. Beware of it!
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January 17, 2015, 01:41:37 PM
 #7

Cointellect is a ponzi, not a mining pool.

True, their payout are way too high than any other pools. They also ask people to install their own "miner" application.

The last sentence bothered me a lot. Asking people to install their software and showing them crazy rates is a scary thing to take part in.

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January 17, 2015, 01:49:21 PM
 #8

this is my second thread about this . pls explain for me  cointellect is P2P PPS or something else and is there a pool like it or a pool low minimum difficulty ?


I don't think it's a pool.

I wouldn't invest my time with them.

Especially by downloading their software.

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Ombamaq
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January 17, 2015, 01:49:57 PM
 #9

Cointellect is a ponzi, not a mining pool.

True, their payout are way too high than any other pools. They also ask people to install their own "miner" application.

The last sentence bothered me a lot. Asking people to install their software and showing them crazy rates is a scary thing to take part in.

yeah too good to be true
but they are still paying Cheesy
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January 17, 2015, 01:54:46 PM
 #10

yeah too good to be true
but they are still paying Cheesy

But for how long that's the question. Wink
If it's to nice to be true than it in't true.
tunkhty
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January 17, 2015, 02:20:25 PM
 #11

is there a pool "like a ponzi"

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Kluge
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January 17, 2015, 02:34:53 PM
 #12

is there a pool "like a ponzi"
I keep trying to write up a response but have to stop because I get the giggles. Sad

Even mundane pools may be operating mechanically identically to a ponzi. Many have the coins in the pool op's full control, so theoretically, the pool op could be spending all the miners' coins on Just-Dice, and so long as there aren't enough people withdrawing at once, this could continue for a significant while.

Don't mix your coins someone said isn't legal
gkv9
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January 17, 2015, 03:07:43 PM
 #13

You can use the below provided links if you are interested in mining through pools:

https://en.bitcoin.it/wiki/Comparison_of_mining_pools = This shows the list of all mining pools currently available...

https://bitcointalk.org/index.php?topic=104664.0 = This provides the list of mining pools along with the instructions on what and how to be done...

http://blockorigin.pfoe.be/top.php = This is the list of the top pools currently available... Smiley

Grand_Voyageur
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January 17, 2015, 03:09:51 PM
 #14

Cointellect is a ponzi, not a mining pool.

True, their payout are way too high than any other pools. They also ask people to install their own "miner" application.

You can also avoid installing it. People use also scrypt mining with them ===>>> https://cointellect.com/download/advanced/
Cloudmining 101 rate it less likely to be a fraud than other cloudmining companies. Nevertheless, It is Always better to not put in more BTC than you're willing to lose.
 Smiley

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January 17, 2015, 03:14:30 PM
 #15

After scanning the mining software with VirusTotal, deep antivirus malwares scan revealed 4 possibly malicious hacking viruses, including a Trojan horse:

  • Suspicious_GEN.F47V0819
    Hacktool.Win32.BitCoinMiner.bAM
    Artemis!830C7AE47D8D
    a variant of Win32/BitCoinMiner.AM

also including its SSL-certificate belonging to an undetermined user, as well as the excessive amount of backlinks for such a small mining company. Many of these links come from porn, privacy and gambling-related websites.
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January 17, 2015, 03:17:07 PM
 #16

Cointellect is a ponzi, not a mining pool.

Yes , they are not mining dogecoin or litecoin .... @OP have you checked bter , and the other exchanges ? 2-3 buy of 25-50 mln of doge (and I'm sure cointellect are buying doge with the proceeds of the "mining contracts" |=| bitcoin).
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January 17, 2015, 03:32:32 PM
 #17

After scanning the mining software with VirusTotal, deep antivirus malwares scan revealed 4 possibly malicious hacking viruses, including a Trojan horse:

  • Suspicious_GEN.F47V0819
    Hacktool.Win32.BitCoinMiner.bAM
    Artemis!830C7AE47D8D
    a variant of Win32/BitCoinMiner.AM

also including its SSL-certificate belonging to an undetermined user, as well as the excessive amount of backlinks for such a small mining company. Many of these links come from porn, privacy and gambling-related websites.
To be fair, a good number of AV programs label all miners viruses because it's hard to tell whether or not the user actually authorized them to run. SSL cert isn't necessarily worrying unless the company's supposed to be operating within the law (well... I guess most people assume they should be).

Don't mix your coins someone said isn't legal
Aristoff
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January 17, 2015, 04:13:43 PM
 #18


this is my second thread about this . pls explain for me  cointellect is P2P PPS or something else and is there a pool like it or a pool low minimum difficulty ?


I'm not going to write much about cointellect ...

IMHO - cointellect this is the usual pyramid ( ponzi ) , which forces people to buy their crappy contracts and for masking entertains himself and other pseudomining DogeCoin  Wink
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January 17, 2015, 04:59:53 PM
 #19

Cointellect is a ponzi, not a mining pool.

a ponzi for sure, stay away from it, they also change rule without reason, and some payout are never sent to the acount
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January 17, 2015, 07:41:26 PM
 #20

Cointellect is a ponzi, not a mining pool.

a ponzi for sure, stay away from it, they also change rule without reason, and some payout are never sent to the acount
yes thats true the rule change without any reason
and ponzi always end with scam
be carefull Smiley
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