Topic: Advice for new users regarding CLOUD MINING - page 7. (Read 44307 times)
honestly it seems that mining may be profitable given lower dynamics of diff increase. Choose your hashing power platform and buy.
Anyone please tell me is there any real profitable cloud mining service? I don't want to keep my coins still. And I am also tired of btcjam and bitlendingclub.
I have free miners in hashie.co, is it worth spending there?
I have free miners in hashie.co, is it worth spending there?
Actually if you look on the prices of GH/s across the board in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!
mathematically - If thats ponzi - it will survive few years ..
I know what you mean. Mathematically if it was ponzi it would not have survived given recent flat difficulty. Because we expect very moderate to low diff increase I think most ponzis will go belly up in the next couple of months.
Hello I am Hommero and I have big Bitcoin farming. They need watering right now to grow but pay me $50 and I'll sell you one plant. In two years you will get your $50 back guaranteed. Plus you will need to keep upgrading plant, so really you pay me more and so if you upgrade your $50 hashish to 70 doll hair hashish I can promise you little over 2 1/2 years. Wow what a great schema please refer your friends and get free Bitcoin hashish plant.
- Hommero
- Hommero
hehe
But it is true.. farming .. but for first one, that can be profit right?
Actually if you look on the prices of GH/s across the board in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!
mathematically - If thats ponzi - it will survive few years ..
Well you can re-sell them at kryptologika. Price of GH/s is related rather to diff not to BTC/USD price.
Actually if you look on the prices of GH/s across the board in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!
When you can resell them. The price of GHS is dependent on the price of BTC too.
Actually if you look on the prices of GH/s across the board in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!
Dropping difficulty? Yeah, right.
Why so negative? Given the dropping difficulty in the long run it should generate profits. Besides you can trade the shares and benefit from the margins.
My advice would be to stay away from it unless you want to loose money in the long run.
We are proud to announce 25% reduction in maintenance fees at kryptologika.com
Nice guide for newbie as me. Now i choose GAW/Zen mining with 0.06BTC contract 
. tks u so much
. tks u so muchCan you tell me why you're so sure that there is better? This is very serious question.
Nice guide for newbie as me. Now i choose GAW/Zen mining with 0.06BTC contract . tks u so much
. tks u so much Thats pretty good point.
A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.
A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.
True, but some are more likely to run than others. Not all operators are equivalent. You have manufacturers that are running cloud mining services and you have cloud mining services that buy hashing power from those manufacturers. It's extremely unlikely that established ASIC manufacturers will run away with your money. It's far more likely that a cloud mining service which refuses to provide information about itself will do a runner. That should be obvious to everyone.
+17% on a 50GHS bought November 16 : 16-11-2014 50 GH/s 0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
Irrelevant. Cloudminr claim they have no fees so why are you only being paid 80% of what you should be getting? They have no problems lying to you about payments, so what makes you think they won't just run away with the money? What makes you think they have any miners at all? They've already proven they're dishonest.
Thats pretty good point.
A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.
+17% on a 50GHS bought November 16 : 16-11-2014 50 GH/s 0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
Irrelevant. Cloudminr claim they have no fees so why are you only being paid 80% of what you should be getting? They have no problems lying to you about payments, so what makes you think they won't just run away with the money? What makes you think they have any miners at all? They've already proven they're dishonest.
By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :
https://bitcointalksearch.org/topic/closed-signature-campaign-854072
https://bitcointalksearch.org/topic/closed-signature-campaign-854072
And despite claiming they have no hidden fees, they're only paying out 78% of what they should be. Have a look at a legit cloud mining service such as AMhash. Have a look at the information they provide. See how they do have fees and they are precisely stated?
+17% on a 50GHS bought November 16 : 16-11-2014 50 GH/s 0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.
On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225
Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.
By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :
https://bitcointalksearch.org/topic/closed-signature-campaign-854072
https://bitcointalksearch.org/topic/closed-signature-campaign-854072
And despite claiming they have no hidden fees, they're only paying out 78% of what they should be. Have a look at a legit cloud mining service such as AMhash. Have a look at the information they provide. See how they do have fees and they are precisely stated?
Guys, stop hiding your referral spam in obfuscated links. They've been removed but consider this a warning.
i was about to say i dont see any ref links on posts but i noticed you mentioned removed them. Now it makes sense to what puppet was responding to i was trying to see who they had quoted lol. On a side note do we have any information or personal experience with the cryptomine cloud service?Ref links are fine on a blog but not on the bitcointalk forum.
By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :
https://bitcointalksearch.org/topic/closed-signature-campaign-854072
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