Post
Topic
Board Bitcoin Discussion
Re: How cloud mining ponzis nearly ruined my bitcoin business completely
by
KingTylerVVS
on 07/07/2016, 21:41:57 UTC
.... did research to make sure each company had a valid POOL.
YET EVERY DAMN CLOUD MINING SITE TURNED OUT TO BE A PONZI! And I lost ALL my coins.
Cointellect - hashie - hashprofit - scrypt.cc - cloudhasher - probably 1 or 2 others.... ALL SCAMS.
...

i am wondering what kind of research you did that you couldn't find out that cloudmining is a risky business. and i am not familiar with all the cloudminings you listed here but i know a couple of them and they have been evading providing any proof of reality of their business which means they had no hash power to mine with.

I know how to mine bitcoins from my laptop and even set up a physical miner.
I figured if they had a public pool and appeared on the blockchain, that was proof enough. My mistake.

Also, I am under the impression that it is better to make $100,000 a year providing honest business, than a 1 time $1,000,000 and be running from the authorities. I am educated to understand that there is more money long term in repeat business and happy customers than in being a criminal.

I am shocked to see that the majority of businesses online do not understand this logic.
I am sure most of these criminals blow the excess money on drugs and prostitutes and are already broke by now, once again looking to scam their next victim.

I am 28 years young and not afraid to admit my naivety.
We live in a world filled with evil criminals, hooligans and thieves. I thought initially that the majority of people were GOOD by nature, but I was sadly mistaken. The vast majority of people must be evil.

It does help me appreciate the few good ones ever so much more however.

God bless us all!