Tsvetnenko launches bitcoin company The West Australian

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]

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 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 ... 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 ... limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for "text" in self post contents self:yes (or self:no) include (or exclude) self posts nsfw:yes (or ... Perth-based Russian tech millionaire to backdoor list his new bitcoin firm on the ASX.

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