Zhenya Tsvetnenko, DigitalX founder gives up on his ...

Is this the launch of another ripoff?

DigitalBTC a publicly listed company by Zhenya Tsvetnenko the $100 million dollar man just released their new cloud mining service Mintsy. Is this offer pricing even close to viable or is it a ripoff aimed at people unfamiliar with bitcoin mining viability? On the $59 contract I calculated that the estimated return over the 3 months at current bitcoin pricing would be $23.87 so even if the price of bitcoin doubled their customers would still lose money.
Duration3 Month(s)Hashrate100000MH/sPrice Per Contract$59.00 Price is all inclusive of all maintenance and power fees. One upfront cost, no monthly charges.
Duration3 Month(s)Hashrate10MH/sPrice Per Contract$59.00 Price is all inclusive of all maintenance and power fees. One upfront cost, no monthly charges.
Duration6 Month(s)Hashrate100000MH/sPrice Per Contract$99.00 Price is all inclusive of all maintenance and power fees. One upfront cost, no monthly charges.
Duration6 Month(s)Hashrate10MH/sPrice Per Contract$99.00 Price is all inclusive of all maintenance and power fees. One upfront cost, no monthly charges.
submitted by aharvi to Buttcoin [link] [comments]

DigitalBTC Executive Chairman Zhenya Tsvetnenko told CoinDesk that the purchase “proved to be a wise decision,” and that they had already paid off their equipment costs. According to their quarterly report, the company made over $2.1 million in bitcoin sales this year. DigitalBTC made headlines in the mainstream news earlier this year when it announced that its reverse-takeover of Macro ... The DigitalX Company started its activities by 2015, before it had the DigitalBTC commercial name, it was dedicated to mining, by then Zhenya Tsvetnenko the CEO reported to The Sydney Morning Herald newspaper “When we saw the big drop in the Bitcoin value, as a traditional miner appreciates, we had to find something else to do. Our priorities are no longer mining; we will use bitcoin as a ... Tech Millionaire Zhenya Tsvetnenko Brings Bitcoin to Australian Stock Exchange Mar 13, 2014 at 10:51 UTC Updated Jun 20, 2014 at 14:59 UTC Nermin Hajdarbegovic Perth-based Russian tech millionaire to backdoor list his new bitcoin firm on the ASX. Zhenya Tsvetnenko, executive chairman of Australian-listed bitcoin company digitalBTC, has defended the digital currency's potential despite its fluctuating value contributing to the company's ...

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