Post
Topic
Board Scam Accusations
Re: [PONZI SCAM] CloudHashing scam
by
Rampion
on 18/06/2013, 16:50:10 UTC
Ponzi, no doubt.

And the prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which units cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC

Yeah, so we are all going to be rich.

Jokers...

SCAM

So quick to jump the gun. Read

https://www.cloudhashing.com/revenue-reinvestment

Our contract holders get additional hashing power monthly. Very hard to so solo mining. Plus no need to worry about hosting etc.

We host in a secure level 3 data centre with reserve power etc.

Happy hashing

Prove how investing 30% of an expected yearly revenue of no more than 7/8BTC per each 10GH/s you are going to achieve the 50BTC yearly return you are advertising for the 10GH/s contract.

If your proposal was serious, you would have a business plan with clear steps towards achieving that return. I'm a miner myself, and every serious miner in here knows that it's impossible to get 50BTC from 10GH/s deployed in September. Impossible. And saying you will reach that by re-investing 30% of the profits is RIDICULOUS. You are advertising an impossible return, therefore there is only one plausible option:

As you are selling the units at a huge markup (350GH/s cost $7,000 or less and you are selling them between $52,000 and $35,000), you will pay old investors with new investors money in order to suck more money into your scheme until it collapses. There is no legitimate business that give investors a 500% return in one year, apart from PONZI SCHEMES -> that's what you are going to run.

Anybody believing otherwise is a fool.