Quote from: jimmothy on October 31, 2014, 07:17:57 PM

Quote from: RussianRaibow on October 31, 2014, 02:49:49 PM

Quote from: jimmothy on October 31, 2014, 12:51:39 PM

New cloudmining offering AMHash has disclosed their mining addresses:

Quote from: amhash on October 31, 2014, 06:47:12 AM

5.There are 3 payment addresses of our hashrate:
  1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
  1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
  1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

Just like pictures can be faked, mining addresses can be rented for premium price. I remember people purchasing freshly mined bitcoins on this forum only. Then I did not understand the reason, but now I do. Unless the miner is at your location, everyone is same. There is NO DIFFERENCE between PB Mining and Cloudhashing whatsoever.

It's really not that simple.

To fake a picture all you need is a miner and a bit of photoshop wizardry.

To fake hashrate you need to find a company with several PH/s that is willing to support a ponzi scheme. Maintaining the illusion of a constant hashrate when you're buying newly mined coins daily is much easier said than done. The only company I know that is selling freshly minted coins in mass is Bitfury, but they have integrity and want to see bitcoin succeed instead of plagued with scams.

If you were going to go through all the trouble of paying a premium for freshly mined coins every day for months on end, you might as well just buy the hashingpower from Bitfury/whatever company because it would be cheaper, less hassle, and less risk to actually mine the coins.

Freshly mined coins are not really ideal for cloudmining ponzi schemes, but they are great for money laundering. Besides, PBmining almost never pays out "mining earnings" that originate from recently mined coins so it appears it's not even necessary to pay a premium for newly mined coins.

I can see u r affectionate towards BitFury and angry at PB Mining. Moreover, one does not need to continue maintaining the same address to show they are mining. They can simply rent an address for a few days and show it as 'proof' for months. Regarding 'unknown entity', its a vague concept in bitcoin world. What will u do if CEX goes out of business tomorrow ? What u have been able to do to MK after the Mt. Gox fiasco. Everyone is always at risk and the concept of vague certainty should be abolished. While choosing the service I'll simply go through the rate chart and this is what I have now...

1. https://cex.io/ => 0.00268387 BTC/GHS

2. http://pbmining.com/ => 0.0021 BTC/GHS

3. http://www.cloudmining.website/ => 0.001 BTC/GHS