Just trying to prevent more victims to your Ponzi, GermanGiant.


Hershey

Depending on what the administrator came up with, I would have been willing to pay a nominal maintenance fee.  But it appears from the silence I've received from the administrator to my repeated inquiries, he/she had no intention on running an honest operation.  It was all about taking our BTC.

Tmfp,

Sure, i'll share with you what I've "got".   Holding 2.57 TH in contracts that cost 2.872 BTC.  Received last regular payment on the 27th of July.  Dropped by about 35% on the 3rd of August and have gotten squat since then.


Hershey

You're getting dust too?

Hershey

To address your first question, usually if a transaction takes a long time to clear, it's either due to a flood of transactions hitting the Bitcoin market or because the sender sent a minimal transaction fee.  The higher the fee, the higher it goes in the queue.

Is this a scam?  Yes, it's a scam.  I'm also a customer on cloudmining.website, with over 2 TH under contract, and am being paid about .25 a day.  It's only a matter a time before all of the customers get screwed like I am.


Hershey

Kotwica666,

Thanks for sharing!  I'm sad to hear yet another case of someone getting taken advantage of.  Might I ask when your payments started to shrink?  For me, it was June-July.  And I know it's not due to bad luck!

Hershey

Another .14 cents today, woohoo!  There's 113 days left in 2015.  Because we don't know future difficulty, let's say my 2.57 TH consistently pay out an average of $5.63. 
I can expect the following:

CMW:  113 * .14 = $15.82
What I should have been earning:  113 * 5.63 =  $636.19

CMW's share of my 2.57 TH investment:  97.52% of earnings   
My share:  2.48% of earnings

Now, if someone was taking 97.52% of your earnings, wouldn't you be upset too?

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2570&p=0.00&pc=0.00&pf=0.00&d=56957648455.01000000&r=25.00000000&er=248.20010000&hc=0.00

You're the admin of cloudmining.website.  I and several other people on bitcointalk know it's you. 

Sure, I purchased 2.57 TH of hashing power from your website, cloudmining.website.  This, on average, should currently paying ~5.00/day.  Instead of getting my payments, you're paying me about .13/day and keeping the rest.

I was one of the duped, so I can confirm cloudmining.website is a Ponzi.  I currently have 2.57 TH under contract and yesterday received 0.00056276 BTC, far below what I should.  When I first joined the site, payouts were in line with the amount of hashing power I had purchased.  Then, true to the form of a Ponzi, they dwindled to almost nothing.  The administrator has ignored my inquiries and is keeping my BTC.