Topic: [ANN] CLOUDMINR - page 104. (Read 223737 times)

Hello people,

I'm new here I would like to know if you think this site is legit or not

because the site is listed on badbitcoin.org and normally it is a bad sign!

I quote badbitcoin.org:
"Cloudminr.io Pending a response to our enquiries, we would advise you to hold off investing in this unproven mining operator. 19/11/14"

I noticed the admin often reply here so maybe he or she may ensure us about this issue.

THX

Great post Mulletwang. I started to invest into cloudminr as well by the end of december, and got about 72% ROI now.

Home-mining can break even, it depend mostly of your cost of electricity, and it's easy to break even in less than a year with a S4 at 375-400 USD. And there is the Bitcoin price to take into consideration + which type of coins you mined.

Anyway, for the guy that like number, I know a guy named Kapp that is mostly on forum.gethashing.com that made a spreadsheet of the cloud mining companies out there. You may follow his list here ; https://sites.google.com/site/freebitcoinsforall/

As for me, I prefer reward with a bit of risk and privacy instead of high-fee legitimacy with almost no profit at all.

@Mabsark , an average is composed of higher and lower number, not just equal or above.

I now have personnaly invested 5,625 GH and guess what, I like it.

A Bitcoin miner that does not cost you electricity such as a cloud mining service. Does it mean that the initial hardware will still be plugged in and hashing, I wouldn't expect so. But that is why I have personally changed my mining strategy from at home mining to cloudmining.

FULL DISCLOSURE: I have been burned by other cloudmining "services"


-Mulletwang

Don't like the service than don't use it. Take into account comparable services, nothing compares, when it comes to cloudmining.

If you calculate payout on another independent website for your hash rate you will see that the expected payouts are almost the exact same as what cloudminr has posted on the dashboard. Maybe it is just the fact that I have been a home miner for years but I personally never expected that full amount because I could anticipate the cost of electricity and other unexpected expenses.

I'm not sure why you you care how long the contract is and how profitable it will be years from now if your just going to be a naysayer. The truth is no one knows what will happen with the mining environment two weeks from now, never mind 5 years down the road. But just an example .... If a few years from now the difficulty is 10 X what it is now that dosent means that the contracts are worthless... What if the contract has already made broke even and everything there on out is profit. Even if it might just be a few satoshies. If the difficulty is up 1000%,(10 times greater) than when you invested and the BTC price rises by 15 times, it  will mean you don't break even in Bitcoin but you will be "more" profitable in fiat than the day you made your investment. It is all a mater of perspective and investment strategy.

Personally I think cloudminr is great. Mind you had the difficulty been moving the way it was last year as apposed to stabilizing as it has been I might not be so happy with my investment. The fact is I made almost 60% ROI since investing on November 30th. That means I broke even and got 60% of my initial investment back as profit. That is in 4 months, I broke even after 76 days. I have 4 years 8 months left of mining on my contract, think i care if my rate of return starts diminishing? Find me another investing opportunity like that anywhere, never mind in the Bitcoin ecosystem and I will eat my hat.

Truth is hatters going to hate, trolls will troll but cloudminr is tried tested and true IMHO. Would I put all my eggs in one basket or bet the farm on it? Absolutely not, and I don't recommend anyone do that.

If anyone is considering investing some after reading my post I would appreciate if you used my referral in my sig below.

If you want proof of my claims about what I have profited then look back in discussion on this post. I posted screen shots mid February . (EDIT) February not March, and here are the links.... http://m.imgur.com/E2K9TOQ
http://m.imgur.com/Xz3tYXz?

-Mulletwang

Mining variance means on average you should get a similar amount of payments that are above the expected value to those that are below that value. Why isn't that the case with this "service"? When have payouts been greater than expected? Also, name a bitcoin miner that will still be mining profitably a year from now, never mind 5 years.

You are wrong about that friend. Notice that the Payout amount says estimated.... That means that the amount should be about..... Give or take some variance. By the vary nature of Bitcoin mining there is always some expected variance.

It is funny that people are quick to complain when there is a string of bad luck but I have never heard anything when we get good luck. I can understand your confusion if you don't completely understand what the variable are in Bitcoin mining but I think it should be easy enough to understand what an estimate is.

-Mulletwang

For everyone that want to make some calc, you may do the following.

Buy 1 GH ( or 10, or 100...Up to you )

Then, note the hour you bought the contract, and when it will do exactly 24 hour, write your total.

Do the same process for 5 days, then calculate the average income by dividing your total by 5.

Youll get your average daily income.

The reason why you should do it on a 5 day calc, is to take into consideration the little mining reward fluctuation.

any voucher code for 10 ghs?  Because i joined in january but didnt receive any payment.

can i report when i get coin diffrence from the est wakly payout?.... cz my last payout just 0.0046 and the est weekly payout say 0.005x, there is a fee? or any wrong about that... 

this is my daily payout...

0.00454492 BTC
AVERAGE DAILY INCOME

i would say maximum 60% of this was real last 4 weeks...hopefully with your update this is more worthy to calculate with this info.

Ok average payout has been adjusted.

Went from 0.0598 to 0.045 and now 0.056 btc.

Honestly I would not mind if Cloudminr take 5-10% fee if it could help the company into the longrun.

Edit, 10 minute later ; average daily payout went now from 0.056 to 0.0591.

About 1% difference. seem fixed now.

my daily payout went from 0.0021 to 0.0016

Whew, my daily payout went from 0.06 to 0.045.... Has the global bitcoin network difficulty rose ?

there is an error in dashboeard menu....

nothing showen in there....

I've done that multiple times before and it always worked like a charm. But since two days ago, somehow it stopped. Already opened another support ticket, waiting for their answer.

am I the only one experiencing performance issues? -20% off estimated weekly payout in the last three weeks!
I think cloudminr is the best cloud mining service around, but I won't put in a bitcoin more if it doesn't meet the objectives
I hope it could be fixed soon

Hi mulletwang, send a PM to cloudminer.io bitcointalk account about the free 10 GHs.

In the meantime, your friend can try Cloudminr.io with a free 100 GH trial for a week.

How to get the free 10 gigahash ? Not for me but I have a friend who is new to Bitcoin and would really appreciate it. Is it possible to let me know how get that for him cloudminr.

Hey Trimegistus.

From my experience, the auto-reinvest feature does work about on a daily basis, if you let it go for about one day or little more it will reinvest automatically without any problems.

same like u... , cz cloudminr. io is my last hope for next years again.... T_T