No they arent a scam guys..
Yes they are.
This guy seems to like slandering companies with absolutely zero proof that his claims are justified.
Which other company I've slandered?
And would you care to make an escrowed bet with me? I say you will not see 50BTC per 10GH/s in the first year, as they misleadingly advertise to suck ignorant people in their scheme.
Rampion - I respect your opinion and you could be right, but I don't see this claim on their site and the figures I looked at when I first signed up seemed relatively conservative. The figures they're currently showing for their Platinum contract 20 Gigahash/s are:
Estimated 1st year total return: 25.69 to 51.38 bitcoins = $2,607.00 to $5,214.00 (including earnings from transactions and namecoin)
*Using estimates of:
Bitcoin network hashrate = 450 TH/s in September 2013,
Bitcoin network hashrate = 2,000 to 3,000 TH/s in September 2014
Bitcoin price of $100 & September 2014They recently changed those estimates, previously they said that a 10GH/s contract (which in reality is 9GH/s because they keep 10% of the advertised hash rate) would have generated 50BTC in the first year. Those are impossible figures as anybody with a brain would know.
IMO the sole issue here is whether they provide the hash rate they promised for the contracts in reasonable time - the return, as you well know, is in the hand of the whales/gods. Everything in
BTCworld comes laced with Buyer Beware, but I don't see how you can call scam because BFL didn't deliver and then Avalon didn't deliver and then Terrahash didn't deliver, yada yada. Cloudhashing need to get hashing at some level, very soon, to prove that they can do it, but missing deadlines doesn't mark them out as different from the norm. What is your issue!