Bitcoin Cloud Mining with HashFlare - page 69.

Guimaister

newbie

Activity: 6

Merit: 0

Quote from: lechatelier on June 15, 2016, 07:27:23 PM

Quote from: JessicaG on June 15, 2016, 07:03:10 PM

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?

Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?

Thanks for your help!

You have viewed the nicehash ? you rent equipment for hours of people who are by mining , I started today mining ltc. I'm in hashflare to 3 days, with a $ 30 investment in sha -256 until now I have 0.00079892 BTC . I would advise buying Scrypt because the rates are much lower and profit this a little better.

About the pools of Scrypt ....

"Hi!

At the moment the best way to distribute your Scrypt hashrate between pools is 50/50 between LTC1BTC and F2Pool and your SHA-256 hashrate between F2Pool and AntPool.

Regards,
Christine
HashFlare.io Support Team"

bapparabi

hero member

Activity: 826

Merit: 1000

cloud mining is like this ..so if you investing you should know all this thing before ..see if you earn or not but cloud mining company will earn ..so thing before investing

lechatelier

newbie

Activity: 41

Merit: 0

Quote from: biggbox on June 16, 2016, 09:25:01 AM

I have ROI with HashFlare for my previous purchase last year.

I bought new power from them again. Enter at your own risk.

Screenshots or it didn't happen Wink

Was any of your income from referrals? When did you start investing, how much did you invest and how much have you made?

biggbox

sr. member

Activity: 448

Merit: 250

I have ROI with HashFlare for my previous purchase last year.

I bought new power from them again. Enter at your own risk.

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: lechatelier on June 16, 2016, 05:13:57 AM

Wow, thank you very much for that in-depth reply Jessica! I will be cautious with further investments there.

Do you, by any chance, have suspicions about Genesis Mining, too? Do you know if they are a legit service?

BTW: Congratulations on reaching 1.5 BTC net profit on bustabit - I've been watching you do your thing there for the past 24 hours and it is quite impressive, may the "rape train" never come!

Thank you, and you're welcome.

And yes, I have my suspicions regarding Genesis Mining:
The fact that they 'lock' their customers, is a red flag for me.
They also do not disclose where they are mining, at least not verifiable, so that's another red flag for me.
And the fact that their doing referral promo's, is also a red flag for me.

Regarding cloud mining, this one is a good topic: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

lechatelier

newbie

Activity: 41

Merit: 0

Wow, thank you very much for that in-depth reply Jessica! I will be cautious with further investments there.

Do you, by any chance, have suspicions about Genesis Mining, too? Do you know if they are a legit service?

BTW: Congratulations on reaching 1.5 BTC net profit on bustabit - I've been watching you do your thing there for the past 24 hours and it is quite impressive, may the "rape train" never come!

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: lechatelier on June 15, 2016, 07:27:23 PM

Quote from: JessicaG on June 15, 2016, 07:03:10 PM

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?

Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?

Thanks for your help!

Sure.
The amount of coins being mined is not relevant. It's the graph, which will provide the proof:

Hashflare is showing a daily graph, their "Revenue per 1 TH/s" right?
Now if you have pointed you hashes 100% to Antpool, one would see that the graph of Hasflare is inconsistent against Antpool's own graph (https://www.antpool.com/poolStats.htm)

So this could mean a couple of things:
On unlucky Antpool days, Hashflare somehow is not affected, and *magically* pops up with more revenues that day.
On lucky Antpool days, Hashflare somehow is again not affected, and alas misses the extra revenues that day.
Or, if Hashlfare's graphs are inconsistent with Antpool's, one of them two likely has a faulty database.
Or, Hasflare isn't that legit after all, at least when it comes down to SHA256.
Or, ...

^^^ Take your pick

lechatelier

newbie

Activity: 41

Merit: 0

I think it's pretty improbable if not impossible for one mining center to get that kind of hashpower. Besides, hasn't Genesis Mining stated that they use other pools as well and switch whenever one is close to getting 50% market share? Like they did with GHash?

I'm curious if any of you are invested in both Genesis Mining and Hashflare and would be able to compare the results of both services per TH/s, especially in regard to the huge difference in maintenance fees.

AsdQ89

newbie

Activity: 57

Merit: 0

Quote from: crazyivan on June 15, 2016, 11:46:58 PM

Quote from: lechatelier on June 15, 2016, 07:27:23 PM

Quote from: JessicaG on June 15, 2016, 07:03:10 PM

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?

Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?

Thanks for your help!

Genesis Mining is legit 100%. However, they re also not profitable. All you ll do if u decide to invest into Genesis is to help them make more money and build more of their farms.

Ok, so here is the crazy idea I had to why it wouldn't be a bad idea to "fund" GM's farm constructions.

Lets say they acquire enough funds to scale their farms enough to carry 51% of the global hashing power (practically impossible but stay with me), then you will own a stake in the largest bank/currency transporter of BTC in the world. Would the centralization of the hashing power hurt or improve the ROI of your investment? I would probably guess improve.

lechatelier

newbie

Activity: 41

Merit: 0

I thought Genesis Mining was more profitable over the long run than Hashflare since Hashflare takes a higher maintenance fee (HF: 0.008 USD per 10 GH/s - GM: 0.004 USD per 10 GH/s) but has a lower initial investment. Is GM's mining rate lower than HF's or am I missing something here?

So you guys are saying that cloud mining in general is a bad investment idea and I will never see any ROI? So I should stay away from investing in cloud mining altogether?

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: lechatelier on June 15, 2016, 07:27:23 PM

Quote from: JessicaG on June 15, 2016, 07:03:10 PM

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?

Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?

Thanks for your help!

Genesis Mining is legit 100%. However, they re also not profitable. All you ll do if u decide to invest into Genesis is to help them make more money and build more of their farms.

lechatelier

newbie

Activity: 41

Merit: 0

Quote from: JessicaG on June 15, 2016, 07:03:10 PM

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?

Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?

Thanks for your help!

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: lechatelier on June 15, 2016, 06:24:54 AM

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

Simple:

Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm

lechatelier

newbie

Activity: 41

Merit: 0

What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.

FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.

BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: Guimaister on June 14, 2016, 08:50:18 AM

Quote from: kpgduras on June 14, 2016, 07:45:36 AM

Quote from: Guimaister on June 14, 2016, 07:43:24 AM

Quote from: kpgduras on June 14, 2016, 07:05:23 AM

Quote from: Guimaister on June 13, 2016, 02:44:46 PM

Which are pools sha256 you guys use ?
what percentage in each pool ?

Sorry for bad English

Hi Guimaster. I asked Hashflare support the same question. This is their reply:

HF Support Today at 16:44
Hi!

At the moment the best way to distribute your SHA-256 Hashrate is between BTCchina and AntPool (50-50).

Best Regards,
Paul
HashFlare.io Support

Cheers
Col

lamentable, I put today in ghash.io
how to know which best pool?

I think you can change allocation again after 24 hrs

yes, but how do hashflare know what the best pool?

They don't, because they don't actually mine, and it's provable.

lechatelier

newbie

Activity: 41

Merit: 0

I, too, would like to know the best combination of pools for SHA-256 mining.

Has anyone tried the 50:50 mix of BTCChina and AntPool yet? I used Eligius and GHash in the past but I'm always looking for improvements.

What pool combination do you guys use? Did the support guy elaborate on why BTCC and AP are currently the best? I'll try to get some more info via their support system.

Guimaister

newbie

Activity: 6

Merit: 0

Quote from: kpgduras on June 14, 2016, 07:45:36 AM

Quote from: Guimaister on June 14, 2016, 07:43:24 AM

Quote from: kpgduras on June 14, 2016, 07:05:23 AM

Quote from: Guimaister on June 13, 2016, 02:44:46 PM

Which are pools sha256 you guys use ?
what percentage in each pool ?

Sorry for bad English

Hi Guimaster. I asked Hashflare support the same question. This is their reply:

HF Support Today at 16:44
Hi!

At the moment the best way to distribute your SHA-256 Hashrate is between BTCchina and AntPool (50-50).

Best Regards,
Paul
HashFlare.io Support

Cheers
Col

lamentable, I put today in ghash.io
how to know which best pool?

I think you can change allocation again after 24 hrs

yes, but how do hashflare know what the best pool?

kpgduras

newbie

Activity: 15

Merit: 0

Quote from: Guimaister on June 14, 2016, 07:43:24 AM

Quote from: kpgduras on June 14, 2016, 07:05:23 AM

Quote from: Guimaister on June 13, 2016, 02:44:46 PM

Which are pools sha256 you guys use ?
what percentage in each pool ?

Sorry for bad English

Hi Guimaster. I asked Hashflare support the same question. This is their reply:

HF Support Today at 16:44
Hi!

At the moment the best way to distribute your SHA-256 Hashrate is between BTCchina and AntPool (50-50).

Best Regards,
Paul
HashFlare.io Support

Cheers
Col

lamentable, I put today in ghash.io
how to know which best pool?

I think you can change allocation again after 24 hrs

Guimaister

newbie

Activity: 6

Merit: 0

Quote from: kpgduras on June 14, 2016, 07:05:23 AM

Quote from: Guimaister on June 13, 2016, 02:44:46 PM

Which are pools sha256 you guys use ?
what percentage in each pool ?

Sorry for bad English

Hi Guimaster. I asked Hashflare support the same question. This is their reply:

HF Support Today at 16:44
Hi!

At the moment the best way to distribute your SHA-256 Hashrate is between BTCchina and AntPool (50-50).

Best Regards,
Paul
HashFlare.io Support

Cheers
Col

lamentable, I put today in ghash.io
how to know which best pool?

kpgduras

newbie

Activity: 15

Merit: 0

Quote from: Guimaister on June 13, 2016, 02:44:46 PM

Which are pools sha256 you guys use ?
what percentage in each pool ?

Sorry for bad English

Hi Guimaster. I asked Hashflare support the same question. This is their reply:

HF Support Today at 16:44
Hi!

At the moment the best way to distribute your SHA-256 Hashrate is between BTCchina and AntPool (50-50).

Best Regards,
Paul
HashFlare.io Support

Cheers
Col

Topic: Bitcoin Cloud Mining with HashFlare - page 69. (Read 143095 times)