Ponzi schemes are still running rampant through the world of Bitcoin and other digital currencies. Despite the massive losses by “investors” when CryptoDouble shut down, people still keep investing their Bitcoin into other ponzi schemes in the hopes of making a profit while the program is relatively new. As a result, we also see new “types” of ponzi schemes appear, such as PonziCloud.
PonziCloud – Bitcoin Cloud Service
Needless to say, ponzi scheme operators are adapting to the current situation involving Bitcoin and cloud mining. With several companies forced to pause their cloud mining operations, as well as several ASIC manufacturers going bankrupt or even disappearing altogether, Bitcoin mining is not in a good state right now.
It was only a matter of time until we saw the first Bitcoin cloud mining ponzi scheme. Ponzicloud is offering just that, but there is a twist. Because of the people investing in this ponzi, and trust me, there will be plenty of them, Ponzicloud can pay users twice their normal Bitcoin cloud mining earnings. Whereas you would earn 0.01 Bitcoin per day from a regular service, PonziCloud will pay out 0.02 Bitcoin per day.
Unlike most ponzi schemes, Ponzicloud does not use rounds or countdowns before issuing payments to their investors (should these take place at all). Payouts will occur each and every day, starting at 00:01 GMT+2. By the looks of it, this ponzi scheme might run for quite some time before going tits up like all ponzi’s do eventually.
In order to partake in Ponzicloud’s offerings, investors will need to purchase so called “Ponzishares”, where 1 PZS represents 1GH/s of Bitcoin cloud mining power. Depending on how many Ponzishares you buy, the price per share will vary between US$0.05 and US$0.015. The maximum amount of PZS to purchase in one “order” is 10.000, worth 10 TH/s of Bitcoin mining power.
At this point in time, it is not clear where this Bitcoin cloud mining hashpower is coming from. Furthermore, the Ponzicloud operators takes a modest fee of “ONLY 10%” for all of their hard work. Invest in these programs at your own risk, even though everyone knows they should never invest anything in ponzi schemes to begin with.
Website : http://ponzicloud.org/
BitcoinTalk : https://bitcointalk.org/index.php?topic=925544.0