I'm sorry but i've still not been given proof/evidence that they are???

I hear you guys shouting about they need to prove they are legitimate,
but don't you also need to prove they are not??

I've seen a lot of I believe this, and I think this and because I said..

But after asking numorous times I've been pointed at the same things which quite frankly is Not proof, it's stuff they have even mentioned and clarified.

I know i'm risking here giving MineThatCloud the benifit of the doubt (and yes I have risked btc with them)
But I really don't see how they can warrent being  judged so badly.

Only they know the whole profit margins and costs and losses etc, and yes we can make speculated guesses and averages, but they did say they had
investors and a prior budget and would make a small loss and were relying on btc prices rising.

I and a few other users I have spoke to have messaged them alot on their site to find out the answers we needed and got a lot of information about costs/hardware/personnel etc...

i guess because they don't answer everyone personally, some of you have taken a dislike to them.

(Ok I will have to do a suicidal face palm if I am wrong and they end up being a scam and will apologise to each person individually that I doubted, but yeah i'm gonna
trust them for now, more fool me you might say)

Stop reversing the burden of proof.  You're asking to prove a negative (that there is no mining operation behind this) and that is typically impossible
The burden of proof lies with whoever is asking for your money to provide positive proof it is a legitimate operation, and that is trivially easy for a legitimate company.
Lack of positive evidence is all you need to know that there is no teapot orbiting the sun, that pink flying unicorns dont exist and that minethatcloud is not a legitimate operation even though no one can prove any of those statements.

But let me prove it anyway: I'll bet anyone 1 BTC through escrow that 'minethatcloud' will stop honoring its contracts within the next 9 months.
And no one will take me up on this bet, because everyone sane knows its a ponzi.

WTF you talking about. Business is in question and they have to prove they legit. maybe less CSI for you my man.

I don't agree with you.
This forum is not a court of law, no one will be sent to prison because of someone else's opinion. It obviously suits some people to frame  legitimate criticism in this way so as to deflect from obvious shortcomings in the various schemes being promoted as cloud miners.

In an anonymous environment where caveat emptor applies even more than the fiat world due to lack of redress, due dilligence is vital.
In my opinion, Puppet is undertaking public due dilligence, asking questions within a reasonable framework, trying to establish whether or not money being invested in these schemes has a chance of achieving the results promised.

The check list that he applies in his 101 thread https://bt.irlbtc.com/view/878387.0 is reasonable and should be welcomed as the basis for investment decisions in a sector which is rife with scammers.

Keep up the good work, Puppet.

Do you or do you not know what a ponzi is?

Here is what wikipedia says: is a ponzi:


Here, are some of MineThatCloud's payouts:

0.0087 BTC was sent from 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC to 1JgxteZWCuZLu4FnPUWv3Jxgj89QkFXLvX which sent 0.0087 BTC to 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 which sent 0.0001402 BTC to 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC.

1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3 > 0.0087 > 1GSWxmZU3oHiyBA7PhoqE5ZrAN5YHtjbYx > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0002804 > 1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3

1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3 > 0.0087 > 1LTcF4xkch1d5Gb5yTkbGCUsjspHp9KWVp > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0002804 > 1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3

1s3DP7QaqwsRrTEn6UQBd9zPCmmvv6KW3 > 0.0087 > 1DzwbKnTXSJtnW2QXjE5EtV1TSSa5bDfki > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0043462 > 1s3DP7QaqwsRrTEn6UQBd9zPCmmvv6KW3


Are you claiming that those payments don't fit the above definition of a ponzi?
Are you claiming that those payments are fake?

Based on the above evidence, any sane and logical person MUST conclude that MineThatCloud is running a ponzi. Now, given that they have been proven to be running a ponzi, it's all the more essential that this "service" provide proof of mining. That's another thing any sane and logical person would conclude.

wow big font
calm down BOS

Well I guess that settles it.

Minethatcloud is definitely not a ponzi because they say they aren't.

Afterall, nobody lies on the internet.

@MineThatCloud : The block? Proof that YOU mined the block? A TX which shows that you moved 25BTC to payout address. If you cant procide these, atleast a signed message which has newly generated 25BTC would suffice, atleast mine.

@Investors : Don't forget about HashProfit. These was the things said by people and it just turned out to be a scam. This is obviously a ponzi too. I don't think this will go for long as the investors are lower than they are expecting. Almost all of the real cloud mining services don't send the Bitcoins to their payout address because they get 25BTC from mining atleast one time a day or a few days. and another thing what I found is that, unlike real cloud mining services, almost all of the ponzis have perma-payout address. What I have to say is "You oiught to be careful and don't invest more than what you can lose!"

   ~~MZ~~

Quoted for posterity. we will like to return to this thread in a year and then you can appologise.

and actually its people like you that ruin this community by slandering legit services, people like you are why people are afraid to use bitcoin.

You profile claims you are a legendary member, more like a legendary idiot.

I am so hoping to see you having to make an apology

I am not against you but your attitude and methods have left alot to desire. So much in this world going on and your making enemies with people on the internet that you don't know... Fun

You should read more aswell as on the post and on the other posts there are alot more people than just me (so no just 1 newbie)