Nuvoo

lukcas

lukcas

@lukcas

 

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0

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The site nuvoo.io is well done: clean, functional, accurate, nothing to complain about. So I "invested" in a small Starter Bitcoin contract (unlimited duration) and Litcoin (duration 2 years) to see how it turns. Litter Starter Contract (LTC) opened 4 months ago for 2 years (no longer available), priced at $ 125 (promotion); total income to date: less than $ 3, or $ 0.75 cents / month. At this rate it would take 166 months for ROI (Return on Investment). So we have to wait 13 years minimum to hope to resume his starting ball, knowing that the contract ends and is closed after 2 years. Balance sheet: gain of $ 18 (2 years) - $ 125 (purchase price) = $ 107 of expected dry loss. And at the time of purchase, by pressing the famous button "Estimate Profitability", the contract in Litcoin was profitable in just over a year. Well "it starts badly", except as they say, if the price of Litcoin explodes, which is far from the case now. Ditto for the Bitcoin Starter Agreement (BTC) opened 4 months ago, for an "unlimited" duration, priced at $ 135 (in promo); The term unlimited is not at all appropriate since after a few days in negative yield, the contract is simply closed, closed, with no hope of recovering the funds invested; (At least when you're even mining at home, you can sell some of your equipment to get some of your investment back, and all the equipment Nuvoo buys from each other's sub-money, comes back only to Nuvoo, who can resell for his direct benefit. NB: if indeed the material has been purchased, which is not proven at the moment. All this amounts to saying that the risks are ultimately taken by external "investors", which tends to prove the lack of confidence of the founders of Nuvoo in their own business plan.) Bitcoins total income to date: we are far from the $ 4.52 per month currently displayed by clicking on the famous "Profitability Estimate" button. In fact you have to subtract the energy costs per day for an amount of 0.00021 $ by 1 GH / s. For the Starter Bitcoin contract of 621.95 GH / s, energy costs of $ 0.13 / day. (0.00021 $ x from 621.95 GH = 0.13 $). To this load, we must add the difficulty of random mining, which can drop the "pay out" by 30%. Important element given its impact that is not addressed anywhere. Again Nuvoo is always a winner since all fees are paid in Bitcoins from your account, and what the value of Bitcoin goes up or down. The risk is only borne by the buyer of the contract. Review of Starter Bitcoin package: we are closer to the current 0.001 $ / day of net production for the buyer of the contract than 0.16 $ displayed on the site displayed with the button "Estimate Profitability". Either 150 times lower than the one shown. The explanation of this very (very) weak performance would be in the variability of two main parameters which makes it difficult to calculate a break-even point: - the value of Bitcoin (rather the decline) - the difficulty of mining (always on the rise) - the difficulty of releasing a block (totally random) according to the available power of Nuvoo compared to the power put on the Blockchain; the one with the fastest gear wins the block, hence the need to change gear regularly (if I understand correctly). Conclusion: Well we are far, but really very far from the returns posted on the Nuvoo website by clicking on the "Profitability estimation" button. The production figures that we want to present to you are not verifiable as they are. Under the appearance of clarity of the site, there is in fact a lack of transparency in the calculation methods. The risk is only on the buyers' side. Break-even calculation is not possible with the data provided. I saw that they have just proposed mining packages for Zcash. At the very beginning the performance will be correct, ... after .. ?? So, in my opinion, it is better to buy directly Bitcoins or other alcoins (after being trained with competent people), either to mine or even (after a serious training of course), and at least you can always resell your gear Afterwards if you want to "invest" at Nuvoo, it will be at your own risk, as is stipulated in their contracts (also very well written to protect yourself at the legal level), but at least you will be warned. A word to you ... Quotes from Warren Buffet: - "In an operation, there is always a pigeon; if you do not know who it is, it's certainly you, "(And apparently around the poker table the best cards are already distributed) - "If you do not know the jewels, know the jeweler" (You will not be disappointed!)

gazoo56

gazoo56

@gazoo56

 

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I think you guys should re-evaluate this company. The term of the contracts are OPEN-CLOSE which means that as long as the contract is profitable it will be honored. If earning are in negative for more than 30 consecutive days contracts are deemed no longer profitable thus terminated. BTC mining difficulty suddenly increased in the past few months along with a sudden value drop in BTC significantly reduced the daily BTC earnings for the starter pack at the time. It sucks, it's dissapointing as I know I will never recover my investment, but it's related to the market and not the company. This is the risk of any investment. NUVOO corrected their pricing and GHS contract to reflect this new reality in BTC mining. Hydro Quebec did delay the farm upgrade with their legislation which in consequence delayed some contracts again unfortunate but not faulty of the company. Now NetbusinessRating has deemed Nuvoo a scam due to Ponzhi scheme. I'd like to see evidence of this as I was able to visit their Mining farm and confirm they are a serious business.

Network-Cloud-Mining-Invest

Erik

@Network-Cloud-Mining-Invest

 

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23

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47

I would like to know why people say it is fraud? I have always received my payments on time and fast !!!

Silwonder

Silwonder

@Silwonder

 

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2

BTC - SILVER PACK POOL21 [3731.76GH] | Date paid 2018-04-16 | TOTAL EARNED 2018-09-01 = 0.0033162 | Edit. : 01/09/2018 13:08:54