Everytime payouts go down or to 0 people start yelling "scam" and "ponzi".

Having lived through GAW, Hashie, BCS and AMHash I know there are in fact scams running in cloud mining.

I do NOT believe GM is either a "scam" or a "ponzi" operation. I currently have two accounts through GM.

One is 15 Ths through GM the other is 31 Ths through GM-Spondoolies. My Spondoolies account went to 0 payouts
and is now paying "crap". I began to wonder what the heck is going on?? I then did the math.

I'm not a victim of some fraud by GM. I'm a victim of BTC price, Maintenance fees, and BTC difficulty. As a result I
stand to loose $12,000 USD in my GM-Spondoolies account. Does GM owe me or anyone else on this Forum a refund, absolutely NOT.

You and I bought a product, and some like me spent thousands of dollars. It could and has gone bad live with it. If you can't
handle the problems inherent in BTC cloud mining, here's a thought don't do cloud mining.

Will I still buy contracts from GM, yes. Will I ever again buy a contract from GM-Spondoolies, no way in hell.

What would I like to see. The GM-Spondoolies accounts drop maintenance fees for existing accounts, say to .0015/Ghs USD or give us the option
to convert some percentage of our Spondoolies contracts to GM.

What am I also going to do. Yesterday my contractor installed 60 Solar Panels on my home which will produce 17 kw. This is classified as
an industrial scale Solar installation. When the contractor asked why I needed such a large installation (roughly 3 times the usual residential installation)
I took him down to my basement and showed him my 7 LTC miners that have been powered down for about a year.

Once I get a building inspector sign off and my net metering meter installed I start turning stuff on.

Then I begin buying about 5 S7's. As time going on I will probably have to buy an additional S7 or something better each year, just to compensate for the difficulty rise.

So lesson for all of us. Learn from our mistakes, accept we will make mistakes and lose money. Hopefully, make some money.

If you can't take it or afford it get out of the BTC business/hobby or whatever.

kavellino

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