Advice for new users regarding CLOUD MINING - page 9.

ScryptAsic

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Quote from: odolvlobo on November 30, 2014, 07:27:26 AM

Quote from: DARKANGEL6415 on November 30, 2014, 03:03:15 AM

thats why i tend to look for cloud mining that offers lifetime contracts or at the least 5 years plus. I dont do that 6 month 1 year or 2 years cause i dont see profit period.

That could be a mistake. 99% of the income will be received in the first year (the actual time depends on the rise in difficulty). And if you are paying a maintenance fee, it could exceed your income in just a few months. If you are paying extra for those additional 4 years, you are throwing away money.

Right. But some cloud mining providers will force you to prepay the maintenance fees for the entire contract up front. This allows you to receive all of the mining revenue earned by your contract.

However the longer term contracts can potentially result in a larger profit in the event that difficulty rises very slowly or actually declines.

Mabsark

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Quote from: BitcoinExchangeIndia.com on November 30, 2014, 10:56:07 AM

Quote from: ?? on ??

Hashie is a new cloud mining service by ASICMiner and Rockminer, and you can claim 10 GH free (Limited time only) when you signup

ASICMiner has a good reputation in the Bitcoin world, and the price per GHs on Hashie is the cheapest!

Stop lying Angry

1. Hashie is not at all a service by ASICMiner and Rockminer. They started out saying they have hash power. Now they are AM hash reseller.

2. Hashie is not the cheapest in any way. The cheapest is cloudmining.website offering 0.001BTC/Ghs.

He was saying that Hashie is cheaper than Havelock for buying AMHash and he's already been told by Hashie to stop spamming his referral link. As for cloudmining.website you're promoting, that's almost certainly a ponzi.

BitcoinExchangeIndia.com

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Quote from: ?? on ??

Hashie is a new cloud mining service by ASICMiner and Rockminer, and you can claim 10 GH free (Limited time only) when you signup

ASICMiner has a good reputation in the Bitcoin world, and the price per GHs on Hashie is the cheapest!

Stop lying Angry

1. Hashie is not at all a service by ASICMiner and Rockminer. They started out saying they have hash power. Now they are AM hash reseller.

2. Hashie is not the cheapest in any way. The cheapest is cloudmining.website offering 0.001BTC/Ghs.

odolvlobo

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Quote from: DARKANGEL6415 on November 30, 2014, 03:03:15 AM

thats why i tend to look for cloud mining that offers lifetime contracts or at the least 5 years plus. I dont do that 6 month 1 year or 2 years cause i dont see profit period.

That could be a mistake. 99% of the income will be received in the first year (the actual time depends on the rise in difficulty). And if you are paying a maintenance fee, it could exceed your income in just a few months. If you are paying extra for those additional 4 years, you are throwing away money.

Mabsark

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Quote from: DARKANGEL6415 on November 30, 2014, 03:03:15 AM

thats why i tend to look for cloud mining that offers lifetime contracts or at the least 5 years plus. I dont do that 6 month 1 year or 2 years cause i dont see profit period.

5 year contracts are a tell-tale sign of a ponzi

Furio

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[/quote] thats why i tend to look for cloud mining that offers lifetime contracts or at the least 5 years plus. I dont do that 6 month 1 year or 2 years cause i dont see profit period.
[/quote]

That's exactly what ponzischemes do, they say it will last for X months/Years, but ones new blood starts decreasing bye bye

But I'm not saying all cloud mining companies are ponzis, time will tell.

DARKANGEL6415

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Quote from: ScryptAsic on November 29, 2014, 09:03:02 PM

Quote from: DARKANGEL6415 on November 29, 2014, 08:35:16 PM

Quote from: ScryptAsic on November 28, 2014, 09:02:31 PM

Quote from: yvv on November 26, 2014, 05:58:39 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

I would disagree on item 2. If you have peta-hashes of mining hardware, selling stock shares instead of selling hardware can make a good sense under certain circumstances.

In order for number 2 to be invalid the cloud mining company would need to sell the mining contract at a price that is positive NPV for the cloud mining company. One thing that factors into something's NPV is the discount rate, which may be different for the customer and the company, so something can be positive NPV for both the customer and the company (at least in theory)

i agree with what you saying to some extent, but then again you did say in theory so i guess we in the same pafe. I think we just have to wait and see what the future brings to this cloud mining services.

Well another way to look at it is that the two of you (the buyer and the cloud mining company) could have different viewpoints as to how much difficulty will rise over the term of the contract. If your estimate/assumption is lower then that of the cloud mining company then you both could calculate that the transaction will be profitable for both of you

thats why i tend to look for cloud mining that offers lifetime contracts or at the least 5 years plus. I dont do that 6 month 1 year or 2 years cause i dont see profit period.

ScryptAsic

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Quote from: DARKANGEL6415 on November 29, 2014, 08:35:16 PM

Quote from: ScryptAsic on November 28, 2014, 09:02:31 PM

Quote from: yvv on November 26, 2014, 05:58:39 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

I would disagree on item 2. If you have peta-hashes of mining hardware, selling stock shares instead of selling hardware can make a good sense under certain circumstances.

In order for number 2 to be invalid the cloud mining company would need to sell the mining contract at a price that is positive NPV for the cloud mining company. One thing that factors into something's NPV is the discount rate, which may be different for the customer and the company, so something can be positive NPV for both the customer and the company (at least in theory)

i agree with what you saying to some extent, but then again you did say in theory so i guess we in the same pafe. I think we just have to wait and see what the future brings to this cloud mining services.

Well another way to look at it is that the two of you (the buyer and the cloud mining company) could have different viewpoints as to how much difficulty will rise over the term of the contract. If your estimate/assumption is lower then that of the cloud mining company then you both could calculate that the transaction will be profitable for both of you

DARKANGEL6415

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Quote from: ScryptAsic on November 28, 2014, 09:02:31 PM

Quote from: yvv on November 26, 2014, 05:58:39 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

I would disagree on item 2. If you have peta-hashes of mining hardware, selling stock shares instead of selling hardware can make a good sense under certain circumstances.

In order for number 2 to be invalid the cloud mining company would need to sell the mining contract at a price that is positive NPV for the cloud mining company. One thing that factors into something's NPV is the discount rate, which may be different for the customer and the company, so something can be positive NPV for both the customer and the company (at least in theory)

i agree with what you saying to some extent, but then again you did say in theory so i guess we in the same pafe. I think we just have to wait and see what the future brings to this cloud mining services.

ScryptAsic

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Quote from: yvv on November 26, 2014, 05:58:39 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

I would disagree on item 2. If you have peta-hashes of mining hardware, selling stock shares instead of selling hardware can make a good sense under certain circumstances.

In order for number 2 to be invalid the cloud mining company would need to sell the mining contract at a price that is positive NPV for the cloud mining company. One thing that factors into something's NPV is the discount rate, which may be different for the customer and the company, so something can be positive NPV for both the customer and the company (at least in theory)

picolo

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Quote from: DARKANGEL6415 on November 27, 2014, 01:01:26 PM

Quote from: picolo on November 26, 2014, 06:16:49 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

Good advices.

Quote from: DARKANGEL6415 on November 26, 2014, 03:10:47 PM

Quote from: Mabsark on November 26, 2014, 02:35:30 PM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

lol that just makes it sad if the website is " trying to help " people make the right choices. Then they have a link to each site / store but they have referral ids in all the links so if you do sign up even if its bad they get credit for it. I tell you hard to find a site that gives reviews and they get nothing out of it.

The site offers a free service that you can chose not to use.

it is true they might offer free service to users but they themself benefit from it as others have said. Also we all know some neebies might see the sight as a 100% safe list and just jump on it without asking for any opinions or reading anywhere for any facts at all. Cry

"neebies" see a cloud mining website and will invest in it without studying as much as if they see a list where they can at least compare some factors; it gives them some information. You are right that it doesn't give them enough information to make a correct decision but he is not scamming anyone by offering the free service to list websites.

DARKANGEL6415

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Quote from: picolo on November 26, 2014, 06:16:49 PM

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

Good advices.

Quote from: DARKANGEL6415 on November 26, 2014, 03:10:47 PM

Quote from: Mabsark on November 26, 2014, 02:35:30 PM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

lol that just makes it sad if the website is " trying to help " people make the right choices. Then they have a link to each site / store but they have referral ids in all the links so if you do sign up even if its bad they get credit for it. I tell you hard to find a site that gives reviews and they get nothing out of it.

The site offers a free service that you can chose not to use.

it is true they might offer free service to users but they themself benefit from it as others have said. Also we all know some neebies might see the sight as a 100% safe list and just jump on it without asking for any opinions or reading anywhere for any facts at all. Cry

picolo

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Merit: 500

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

Good advices.

Quote from: DARKANGEL6415 on November 26, 2014, 03:10:47 PM

Quote from: Mabsark on November 26, 2014, 02:35:30 PM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

lol that just makes it sad if the website is " trying to help " people make the right choices. Then they have a link to each site / store but they have referral ids in all the links so if you do sign up even if its bad they get credit for it. I tell you hard to find a site that gives reviews and they get nothing out of it.

The site offers a free service that you can chose not to use.

yvv

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.

Quote from: odolvlobo on November 26, 2014, 03:14:09 PM

My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

I would disagree on item 2. If you have peta-hashes of mining hardware, selling stock shares instead of selling hardware can make a good sense under certain circumstances.

FattyMcButterpants

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Quote from: Mabsark on November 26, 2014, 02:35:30 PM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

SMH. IMO these kinds of sites are nothing more then referral spam and are not going to be able to give any kind of neutral feedback regarding any cloud mining site

odolvlobo

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My best advice for new users regarding cloud mining is to be very careful. Most, if not all, of these cloud mining sites are either scams or money losers.

Keep these in mind if you are considering cloud mining:

1. A cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months.
2. "Instant mining" sites don't make sense because the operator makes more money if they don't sell their hashing power to you.
3. The rising difficulty means your hash power will earn less and less over time.
4. Maintenance fees are usually more expensive than they seem. The maintenance fee could exceed your mining revenue in just a few months.
5. Cloud mining contracts that start in the future must be valued using the future difficulty, and not the current difficulty.

DARKANGEL6415

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Activity: 672

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Quote from: Mabsark on November 26, 2014, 02:35:30 PM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

lol that just makes it sad if the website is " trying to help " people make the right choices. Then they have a link to each site / store but they have referral ids in all the links so if you do sign up even if its bad they get credit for it. I tell you hard to find a site that gives reviews and they get nothing out of it.

Mabsark

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Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

That site a just a list of cloud miners (most of which will probably be ponzis) with the sites referral id in the links to the websites. Essentially, that site is just trying to cash in on referrals.

kotwica666

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Quote from: GermanGiant on November 26, 2014, 12:43:45 PM

Quote from: kotwica666 on November 26, 2014, 11:20:25 AM

Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

Quote from: bhokor on November 24, 2014, 08:09:48 PM

Hi, i have a small chart about the payout of three diferennt cloud mining bussines

i think it can help people, i´m updating this everyday and if someone have other payout data it will be interesting to add more Cloud mining providers

watamby.ovh

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

but please, do not think that these two lists can be treated like a review which can be found in OP. Lists above that's just opinion of their author, nothing more.. In OP have a really professional article about Cloud Mining Services.

New major players are missing in the OP. So, anyone going by that will have insufficient information to come to a conclusion.

You are absolutely right, but I recommend to everyone first read OP and then reviews like this..

picolo

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Quote from: BitcoinExchangeIndia.com on November 25, 2014, 04:58:05 PM

Quote from: bhokor on November 24, 2014, 08:09:48 PM

Hi, i have a small chart about the payout of three diferennt cloud mining bussines

i think it can help people, i´m updating this everyday and if someone have other payout data it will be interesting to add more Cloud mining providers

watamby.ovh

You might like to improve your site with more information. www.cmmonitor.com has done a great job at ranking various cloud mining services. May like to use it as a reference.

cmmonitor is actually a very good site because they have most websites included even newcomers such as cloudminr.
I recommend studying all websites before investing any money.

Topic: Advice for new users regarding CLOUD MINING - page 9. (Read 44317 times)