Quote from: speedt_ouch on September 01, 2015, 09:59:30 AM

Been scammed by the only cloudmining service reported as 0/7? Really?
Care to share details?

I used "scammed" with quotes because it's not a real scam but I lost money with no warning so call as you want but I felt scammed..
in hashnest you can subscribe a contract or buy hashpower on their market. in the first case there are conditions in which the contract will be automatically terminated but in the second I read nothing about termination or something like that. since I never bought a contract I didn't know there was such a rule.

in the night of august 27th I received this message in my account:

Since August 18th, 2015, revenues from UMISOO and ANTS2 PPS contacts have been lower than the power cost required by these machines. In accordance with the original contract terms, after ten days of such conditions, the contracts will terminate. We currently expect that these contracts will terminate on August 28th, 2015. From August 28th, these machines will be eligible for a 15 day redemption period. During this period, UMISOO and ANTS2 contracts will not be tradeable on the Gigahash Exchange. Each 1000 GH/s of UMISOO and ANTS2 can be redeemed for one unit of Antminer S2 physical hardware. The handling and packaging fee for each unit is set at USD $50 per machine, and the cost to ship each machine to Shenzhen is USD $65. Shipping costs from Shenzhen to final destination will be calculated by shipping company rates.

Specific details of the redemption process will be published shortly. If a user fails to submit a hardware redemption request and complete payment of the handling and shipping fees within the allotted timeframe, that user will be unable to redeem the hardware at a later date.

Due to the age and wear of these machines, Hashnest cannot guarantee the quality or condition of the physical hardware to be shipped, including that the hashrate will meet the originally published specifications. After machine redemption, Hashnest does not assume responsibility for machine warranties, technical support or repairs, damage incurred during shipping, or other risks.

They were talking about contracts and I didn't care 'cause I just had hashpower from the market. anyway I read it on august 28th and it was too late.
UMISOO GHS value on market was ridiculous and nobody was buying anymore. now they have closed UMISOO market, I invested almost 2 BTC and I have got 14 THS of useless UMISOO hashpower. hardware redemption at those rates is unthinkable.

maybe scammed is not the proper word, but I felt like that Sad

neolele

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