Quote from: darkangel11 on January 20, 2015, 04:18:07 AM

Could you explain this part? If I were to start a ponzi i wouldn't want it to be obvious. Sites like PB, Hashie, Lunamine and other succeeded because they weren't obvious.

I agree completely. It wasn't really obvious from looking at those sites that they were ponzis because a lot of work had been done to make them seem legitimate. I'm sure some people had suspicions that the mining wasn't really backed by actual hashpower but looking back, it's the unusually high rate of return that really gave it away. People flocked to them in droves because they paid more than what the legitimate competition paid.

For example in this thread:

Quote from: xstr8guy on August 04, 2014, 11:15:12 AM

Lunamine instead? Cheaper than Cex and they seem more legitimate than PBMining. BTW, PBMining has been great so far. Ponzi? I don't know but I've had no problems so far with PBMIning.

Quote from: Rboxer on August 07, 2014, 05:09:09 PM

It's easy , Cex.io = loose money and PBMining win money

This is the kind of mentality that allows ponzis to thrive. If you want to try cloud mining, either accept that you're playing a part in a ponzi scheme and take your profits before the whole thing falls apart or choose a legitimate service and lose any hope of making a profit at all. That's the reason why CEX.IO was so overpriced. Unlike most of its competitors, it was a legitimate mining firm backed by actual hashpower. And because of this, nobody who sat on their miners actually made a profit from buying CEX.IO mining contracts except for those who bought them just before the November 2013 bubble.

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If hashie had close relations to AMhash shouldn't AMhash share the responsibility for the losses?

I'm not that familiar with Hashie since I never mined with them. What I understand is that AMHash allowed Hashie to sell its contracts as a reseller and directed people who wanted to buy AMHash contracts to Hashie. When Hashie went down, AMHash got all of the people who held AMHash contracts on Hashie and migrated them over to AMHash.