Re: [ANN] CMX - CloudMiningIndex (CloudPack)

Worst idea I've ever seen on this forum. Mining contracts are worthless and every cloud mining business is a scam until proven otherwise (earning profit or even breaking even - not counting nicehash here).

Also please correct me, but didn't this J. Blasko simply dev cloned coins and didn't ever implement any advanced features?

Thank you for your opinion.

Let me go deeper in CloudPack.

At the moment we have 5 types of assets in it:
- Genesis Mining Contracts
- Bifury contracts
- Hashflare contracts
- Ethtrade contracts
- Bitcoin Reserve

The project is functioning from August, and we have 150 directors on the BOD, they make decisions of investing bitcoins in this or that asset.
If one asset falls - the reserve fund serves to buy other asset and cover the loss.

You can ROI on this easily - buy token for reasonable price. Get dividends. Sell token for reasonable price. This is the key advantage of CMX.

J. Blasko is very innovative and very oldschool at one time. We have several innovations in our blockchain, you can keep eyes on this thread and wait for WP release.

Let's take the very first one in the list, please tell me, which mining contracts of Genesis mining made profit EVER to any investor? You surely seen their ZEC mining contracts, it's at like 0.4% ROI after months of mining and the hashrate is the one thing that will go up to infinity as something gets more and more popular thus the chances of ROI even go beyong laughable.

The same goes for every single one of the cloud mining businesses. And you want to offer people an investment opportunity to pay you money so you buy these laughable mining shares and pay out dividends to them?

Come on dude.

Thank you, Legendary, for your interest to the matter.

We are not promising you any profits. We are just promising fare liquidity for the Mining contracts.

Do you know the market size? We do.

There are two basic advantages of CMX - bigger liquidity (you can always sell) + lower risks (diversification)

You can't diversify risks when it's impossible to ROI from any cloud mining contracts offered from any currently operating business.

There is a market for OneCoin aswell, doesn't make it less of a scam. Also you can't assure liquidity on exchanges on a mid to long term, only investors and market makers can, you won't swallow a loss just to make liquidity.

This project raises so many red flags, it's not even funny that you try to make something like this work.

Thank you for your opinion.

You can make ROI on mining. If not - this forum is for nothing. =)