A Ponzi Company which Calls Itself a “Ponzi” Company

Click here to view original web page at newsbtc.com

We don’t know what the creators of ‘PonziCloud’ were thinking at the time of branding, but the newly launched cloud mining company is surely making a name among the social media circuits – at least for being honest.

According to the information available on their website, PonziCloud seems to be offering some of the most mouth-watering features in the Bitcoin cloud mining sector, in times when the leading Bitcoin mining operations are taking a late-Christmas break. The company guarantees to pay its customers 0.02 BTC per day, almost double what the other cloud mining companies offer. All customers have to do before parking themselves on PonziCloud is buy so called PonziShares. The more you buy them, the better hashing power you get (up to 10,000GH/s).

One of these products is actually reporting to be sold out.

Needless to say, cryptocurrency mining businesses are in their worst phase at this point in time. Earlier, many companies have been complained to authorities over fraud and breach-of-contract, while even the cloud mining operations are not holding a good reputation. The recent Bitcoin crash has further deepened problems of the entire Bitcoin mining sector. A reputable company even called out to shut its operations until the coin’s value hit $320. The launch of PonziCloud seems well-timed, but lacks good morale for obvious reasons.

Meanwhile, it is up to you – the customers – whether the new company could be trusted or not. Until now, there is no clue that points to the place where PonziCloud is getting its hash power from. Investing in these programs is not a good choice, until you are really good at pulling out these stunts.

According to the information available on their website, PonziCloud seems to be offering some of the most mouth-watering features in the Bitcoin cloud mining sector, in times when the leading Bitcoin mining operations are taking a late-Christmas […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: media one

Recent Posts

  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

4 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

4 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

4 hours ago
  • Bitcoin Business

Bitcoin, XRP, And LTC Prices Recover After Tumbling On Libra Hearings, What’s Next?

Congressional hearings on Facebook’s Libra took major cryptocurrencies on a wild ride last week. After tumbling early in the week,… Read More

4 hours ago
  • Bitcoin Business

Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report

Research by Messari revealed that for every dollar used on the dark web in bitcoin, $800 is laundered in cash.… Read More

4 hours ago
  • Bitcoin Business

Silver’s Rally May Be Fueled by Concerns About Bitcoin’s Status as a Safe Haven Investment

Bitcoin and the entire cryptocurrency markets have incurred a severe bout of volatility over the past several weeks and months,… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More