Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

Quote from: Puppet on January 02, 2015, 09:02:41 AM

Quote from: DisaBit on January 02, 2015, 03:45:13 AM

Here's another two CLOUD MINING SERVICES for you to look at:

Thanks, added both with preliminary assessment.
For POW88 :
pow88.com 1+2 => 2/7 = Probably legit (preliminary assessment)

I didnt give them a point for referral because its only 1%. PIctures dont look impressive, but neither does the available hashrate (50TH), this is a small operation.

Cloudmining.sg doesnt look that good so far:
cloudmining.sg 1+2+3+4+7 => 5/7 = (very) suspicious (preliminary assessment)

And ive been generous granting them point 6 (identity) despite the fact there isnt even a contact address on their site, but I guess this will do:
https://www.linkedin.com/pub/neal-blackburn/25/305/139

Dear OP,
Thank you for providing the service to educate us on how to spot Ponzi Schemes, as such operators have tainted the cloudmining industy negatively.
Your commended efforts are much needed and lacking in this industry that lacks transparency and regulation.

I'm Peter (http://sg.linkedin.com/in/peteryeo), Founder of Cloudmining.SG FB.com/cloudminingsg
Our apologies for our poorly maintained website as we have yet to focus our efforts on the marketing elements such as website of cloudmining.sg as we have a lean team and we were focused on gearing up the infrastructure of the facility. Due to our economies of scale and local government support, we have managed to obtain an extremely low cost of US$0.084 per kwh, which has allowed us to continue to be profitable vs other unprofitable cloudmining operations that were forced to shutdown.

I would like to invite you to visit our 4MW capacity mining facility with over 3% of the 1.1TH/s Global hashrate of Litecoin and Dogecoin
(if you are in the region or anyone from the forum who is based here or is attending the InsideBitcoinSG event in Singapore.)
http://i62.tinypic.com/30sda1i.jpg https://drive.google.com/a/cloudmining.sg/file/d/0B3o50kQaonk-S19NTU5PX0kxRWc/view?usp=sharing

We have previously been interviewed by the Local Newspaper - The Business Times (Singapore)
http://www.cloudmining.sg/blog
Interview by Local Newspaper Article-Jul 2014

and we are the Main Sponsor at the InsideBitcoins Conference in Singapore
http://insidebitcoins.com/singapore/2015/sponsors

Bear in mind if you are in Singapore, the authorities are extremely strict, where the authorities will even charge a fine for chewing bubblegum, let alone run a shady operation.
Hefty Fine and even Jail time for chewing gum Grin