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I just saw and clicked an ad for this ICO and it looks just like Howey Coin's site - https://icerockmining.io/en.html https://icerockmining.io/en.html (I don't

by snissn 8y ago

I just saw and clicked an ad for this ICO and it looks just like Howey Coin's site - https://icerockmining.io/en.html https://icerockmining.io/en.html (I don't know whether this is a scam or not, i don't recommend investing or avoiding it, I just wanted to point out how similar the website looks to the howeycoins website! DYOR) (Being overly neutral for its own sake here, but it seems very questionable)

claytonjy 8y ago
My hot take is there's no way that's even remotely legitimate. Justification for projected ROI in FAQ includes "The question - do you believe in Bitcoin or not? In our case, we strongly believe in BTC BTC" and "ROI of 439% per year is easy to explain thanks to 20% monthly reinvestment"
Faaak 8y ago
Looks like pure bullshit or utter incompetence. Yeah, your mountain is actually at 12°C, but with 50kW or more of processing power, you're actually creating an oven if you haven't got ventilation or cooling. Stupid
- paulpauper 8y ago
  the biggest giveaway is the purported ROI. mining is barely profitable. the returns they promise are a big red flag
  - bitcoinbutter 8y ago
    These mining ICOs are incredibly scammy. Look at what happened with Envion. 100M raised in ICO which promised huge returns. Now the founders claim the CEO had illegally taken control of the company. It's all just smoke and mirrors. The reality is that they never had the capabilities to compete in the mining business. But they sure sold a ton of their shit tokens!
phs318u 8y ago
I'm surprised there isn't already a DIY ICO generator on GitHub.
- RightMillennial 8y ago
  I could swear there was an HN post recently to do exactly that.
- vokep 8y ago
  I know I've seen one before. iirc there was a script someone made distributed with bitcoin core source which would ask about basic variables and then bam you got a new coin ready to start mining. With tokens on other coins it just becomes soo easy
- lozaning 8y ago
  I'll do you own better: https://crapcoin.solutions/ https://crapcoin.solutions/ Found it on here a couple days, maybe weeks back.
- Yizahi 8y ago
  There is: http://yetanotherico.com http://yetanotherico.com

by snissn 8y ago

claytonjy 8y ago

My hot take is there's no way that's even remotely legitimate. Justification for projected ROI in FAQ includes "The question - do you believe in Bitcoin or not? In our case, we strongly believe in BTC BTC" and "ROI of 439% per year is easy to explain thanks to 20% monthly reinvestment"

Faaak 8y ago

Looks like pure bullshit or utter incompetence. Yeah, your mountain is actually at 12°C, but with 50kW or more of processing power, you're actually creating an oven if you haven't got ventilation or cooling. Stupid

paulpauper 8y ago
the biggest giveaway is the purported ROI. mining is barely profitable. the returns they promise are a big red flag
- bitcoinbutter 8y ago
  These mining ICOs are incredibly scammy. Look at what happened with Envion. 100M raised in ICO which promised huge returns. Now the founders claim the CEO had illegally taken control of the company. It's all just smoke and mirrors. The reality is that they never had the capabilities to compete in the mining business. But they sure sold a ton of their shit tokens!

phs318u 8y ago

I'm surprised there isn't already a DIY ICO generator on GitHub.

RightMillennial 8y ago
I could swear there was an HN post recently to do exactly that.
vokep 8y ago
I know I've seen one before. iirc there was a script someone made distributed with bitcoin core source which would ask about basic variables and then bam you got a new coin ready to start mining. With tokens on other coins it just becomes soo easy
lozaning 8y ago
I'll do you own better: https://crapcoin.solutions/ https://crapcoin.solutions/ Found it on here a couple days, maybe weeks back.
Yizahi 8y ago
There is: http://yetanotherico.com http://yetanotherico.com