Post
Topic
Board Beginners & Help
Re: Cloud Mining - Please help a newbie
by
cryptodevil
on 15/12/2015, 07:31:56 UTC
5) no proof of h/w (thats why i am cautious with gigahash)

Actually, what is more important than 'proof' of hardware, which can always be faked, is proof of hashrate. This is extremely easy for the cloud mining operator to show live 24/7, they only need to show blocks being mined as they happened and from this can be extrapolated a rough hashrate.

The only problem with this is establishing that they haven't sold more hashrate than they evidently possess.

Which is why, if you really can't run your own hardware in-house but still want to mine, you're better off avoiding restrictive 'cloud mining' schemes altogether and simply renting actual rigs or straight-up hash-power which you can point wherever you wish.



Where does this logic of your go while you evaluate Bit-X ?

Same old same old from GermanGiant/SpanishSoldier/RussianRaibow accusing me of having an agenda of promoting Bit-X simply because I actively assist newbies to recognise that most Cloud Mining operations are actually just ponzi/fractional mining scams.

Trouble is GG/SS/RR keeps forgetting that I have already commented to his weak accusation that as far as I'm concerned Bit-X could indeed be fractional mining as they only have a specific amount of PH/s provably purchased.

I don't give a shit what you think, scammer, I'd sooner tell all users to avoid cloud mining like the fucking plague.

Still doesn't change the fact that your criminal operation of cloudmining.website is a fraudulent scam. Don't think I didn't notice, by the way, that the 'bitcoinblackfriday' dot info scam copy of the dot com legit site had fraudulently-represented clone copies of legit services it was linking to but, and here's the funny part, cloudmining.website was linked to with no alteration whatsoever. It's almost as if the operators of the cloning fraud had an interest in promoting your fraudulent scam, while ripping off anybody who was clicking through to other services.