Yeah I've read about that lawsuit too. Strange... I thought .png pictures doesn't use too much of electricity
But, oh, well, the industry innovator uses whatever it takes to return the mining power to muggles. Guess electricity was for the 20$ floor then.

AMHash also didn't seem like a ponzi at first but look at them now.  Truth is, they didn't have any customers sending them equipment and they would be all over the news if they decide to stop cloudmining but not returning their equipment. The decrease in pricing has made it unprofitable to even cloudmine. Cex.io aren't using the most efficient hardware and they can consume lots more electricity. They probably needed a dedicated datacentre for those equipment and they probably need to pay rent too. Don't forget onsite security and technicians. If they can still cut the maintenance fees without going into a loss, they wouldn't have shut down.

What's the point of their shitty business at all then if their costs are bigger than mining at home. It makes no sence. Why build datacenter when you can do it better in your garage Their high fees are just an excuse not to pay anything for customers that bought them equipment.. Another AMHash mentality company just having better PR

you're better off staying away but if you just want to try it out be careful, lots of cloud mining operations are ponzi scams.

Cointelllect was scam from the beggining wasn't it? I know that my friend from bitcointalk.org invested some Doge and they didn't send him anything.. :/

Well, there are so much scammers in Bitcoin, because you can't do chargeback with Bitcoin and it's anonymous, so nobody can find them :/

yeha it was, but you could mine with 1 gridseed and earn 1.5 euro a day, this is a very big earning, none can compare to it, they gave to you plenty of money, you only need many account each with one gridseed and his personal different IP

i was using this strategy with many vps, to mine the shit out of their pool, other user were doing so by renting on miningrigrentals

cointellect is pure scam, im invest 0,4BTC in januari  i can Withdraw every day before cointellect have new rules, limit Withdraw for user with contract 16day and 3month
and i get only 30% from my invest 

we can't trust with adsense from any source, we must research before invest
and you have a luck because you know that scam before you invest