Robot cloud mining bitcointalk
At Bitcoin Cloud Mining you can find a detailed list and reviews of as many cloud mining providers as we can find. Read the reviews before start Bitcoin Cloud Mining. Are there any good sites to sign up for cloud mining? I know butterfly labs offers it, but after how they handled my physical asic using i wont be going with them. I am looking for a list of pools i can buy into now. I currently mining at CEX. Bitcoin mining, the computing process … hosting partners are facing a crisis of farm closure as mining resources in mainland China become more scarce, ….
Most people purchase Genesis Mining cloud mining contracts with Bitcoin or a credit card. It is due time more payment options are added to this list. The company is seemingly experimenting with Bitcoin Cash integration as we …. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets …. Before you invest your hard earned bitcoin in one of many bitcoin cloud mining operations, check here to see if they are legit or a scam.
Sep 28, … Any new industry is full of scams and the Bitcoin and Crypto industry is no exception. From scam coins to mining rigs and contracts there are a multitude of methods to steal your hard earned cash and pull the wool over your eyes. So how do you identify a Bitcoin scam. If the company or more aptly: Early investors might, but only at the expense of later ones and only if the ponzi can survive long enough. If no mining is going on, then there is nothing to generate those profits.
So dont be fooled by low prices or high payouts. Ponzi miners will drop prices as low they need to keep the game going until one day they vanish. And dont think because its been running for 10 months, that it has to be legit either. Unlike traditional ponzi's, mining ponzi's dont risk a bank run.
You cant get your money out if you begin worrying, so they can run a fairly long time. Take PBmining, they have been around since the beginning of and havent failed to pay so far.
Does that prove its not a ponzi? During that same month they paid around BTC in dividends. Just for running a website. So the fact they are still paying out doesnt prove they are legit, its actually far more likely they are still paying out because it maximizes their profits update: Of course that cant last. At some point the new sales will slow while the owed dividends keep going up.
Once the latter becomes bigger than the former, guess what the anonymous operator will do? The same thing lunamine, coinsoncloud, pirate, bitcoin-trader and countless other mining ponzi's before did.
Think before you invest. Dont trust anyone with a referral link in his signature. A cloud mining company that wont let you direct the hashrate to your pool of choosing and cant prove its actually mining bitcoins itself, is very likely a scam.
There is no reason to hide mining address or not sign blocks. Its free advertisement for them and it helps their customer grow their business, so there is absolutely no reason they wouldnt. If a cloud mining company cant get any asic vendor to post such endorsement, you should assume they dont have any hardware to mine with.
Picture dont prove current ownership. So like all criteria listed here, by themselves they are by far insufficient proof. Hardware takes usually a long time to order, arrive and deploy. Any company that doesnt limit sales or make public how much hashrate they sold vs what they have provably deployed should be considered suspicious.
The mining market is cut throat with razor thin margins. Referral programs almost always serve only to feed the ponzi and provide financial incentive to posters to lie about the true nature of the company. Never trust anyone with a referral link in their sig. Thats the ideal case for a ponzi and allows it to run for a long time.