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Author Topic: 2015-02-10 CA - Cointellect Freezes Withdrawals, Changes Payout Overnight  (Read 1334 times)
jdebunt (OP)
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February 10, 2015, 10:31:14 AM
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http://www.cryptoarticles.com/crypto-news/cointellect-freezes-all-withdrawal-methods-changes-contract-payouts-overnight

Cointellect remains a cloud mining company surround in mystery, complaints from customers and multiple questions regarding their contract payout structure that seem to remain unanswered for the time being. Late last night, their team posted a new update in regards to the freezing of all withdrawals and the immediate change of contract’s earnings to reflect the current Bitcoin price.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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guybrushthreepwood
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February 10, 2015, 12:12:31 PM
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I guess whether an individual cloud mining company is a ponzi or legit doesn't really matter when they can still just decide to freeze payouts because of the fluctuation price. If there is any truth to them being a legit mining operation bitcoin almost makes them like a ponzi anyway if it crashes as there's not enough money to pay out and thus investors are robbed.
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February 10, 2015, 07:26:35 PM
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They are a fucking scam. Told everyone in October to watch out they would get scammed. Now cry babies cry.

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