Topic: Cloud Hashing - page 3. (Read 19501 times)

So you just confirmed you are a SCAMMER.

You are implying:

1) Difficulty will be the same as today in September
2) Difficulty will NOT INCREASE in one year

How can you even dare to make your calculation at actual difficulty if you plan to start hashing on September? Are you really so ignorant or you are just trying to scam newcomers? Just FYI, in the last 4 months difficulty went up by x4 and the growth trend is increasing.

So go ahead and use AT LEAST x4 the current difficulty for your calculations... Oh wait... You ordered 30TH/s, so only your order will make difficulty to go up by 20%, without even considering the impact on difficulty of the 1,000TH that KnC will likely ship simultaneously to your order. And... Oh wait, difficulty is currently increasing by +25% every 10 days aprox., which would mean x7 by September.

Then... What a ridiculous dumbass.... You expect difficulty to be constant for one year? Don't try to fool your customer and make proper calculations with an appropriate profitability decline. What about x50 difficulty growth in 12 months?

Let's see a REAL calculation, with a starting difficulty of 100 mill. (x5 current difficulty, less than what you would have at the current +25% increase each 10 days, so I'm being generous):

Coins per 24h at these conditions   0.0501 BTC
Power cost per 24h   0.00 USD
Revenue per day   5.11 USD
Less power costs   5.11 USD
System efficiency   100.00 MH/s/W
Mining Factor 100 at the end of the time frame   0.00 USD/24h@100MHash/s
Average Mining Factor 100   0.01 USD/24h@100MHash/s
Power cost per time frame   0.00 USD
Revenue per time frame   467.82 USD
Less power costs   467.82 USD

So, yeah - 4.77BTC in one year and not 50BTC, dumbass. KnCMiner hardware is STILL profitable because 10GH/s cost only $200 and you are getting $467 in one year, but you are selling the 10GH/s for $1,000... Oooops. What are you implying, that a 350GH/s miner will generate 1,750BTC in one year just by investing 30% of the profits in more hashing power? YOU ARE FULL OF SHIT AND YOU KNOW IT

SHAME ON YOU. AND SHAME ON EVERY SUCKER INVESTING IN THESE SCAMMERS

Absolutely.

As I said to others , if you are sceptical, don't buy a contract or at least wait for July contracts to behind before taking the plunge.

What we are trying to do is take bitcoin to the mainstream. This forum is NOT mainstream. Most of our customers don't reside here. The accusation that get thrown about are wild to say the least.

If you are in the London area anytime let me know and we'll hook up.

Regards

I like this idea! If I were in London Id take you up on that.
Im getting pretty sick of seeing the word SCAM being attached to anything new that enters the bitcoin market with zero proof or research being done.
Hopefully you guys will start hashing soon and everyone will be forced to eat their words

Sure PM me if interested and will arrange something

If anyone wants me to check them out, i'm London based as well...

Look admittedly the web designer put the map up and have asked for its removal.

We are London based. Willing to meet anybody in the London area who wants to. Will buy you a coffee, my treat :-)

Where are you based though, really?

Your good-looking website still misleads: Address: 145-157 St John Street, London EC1V 4PW, England United Kingdom

Even though you appear to have removed the totally misrepresentative map with large red marker stating; "this is our office"...

https://cloudhashing.com/contact

At current difficulty, here are the numbers if you care to research

Coins per 24h at these conditions   0.2600 BTC
Power cost per 24h   0.00 USD
Revenue per day   26.50 USD
Less power costs   26.50 USD
System efficiency   - MH/s/W
Mining Factor 100 at the end of the time frame   0.16 USD/24h@100MHash/s
Average Mining Factor 100   0.21 USD/24h@100MHash/s
Power cost per time frame   0.00 USD
Revenue per time frame   7636.52 USD

Yes we expect to difficulty to shoot up, we have the revenue reinvestment program to boost the profitabilty of our clients. Customers receive additionally hashing power on a monthly basis as we keep spare capacity and purchase hardware aggressively. This additionally hashing power increases profitability.

Accusations are easy to throw about.

Kind regards

No math behind 50BTC estimated return for 10GH/s. That's a joke.

The only fact is that your are charging $1,000 for 10GH/s, when it costs $200 or less to you.

Good luck with your ponzi scheme.

Would be good of you do some reading

So quick to jump the gun. Read

https://www.cloudhashing.com/revenue-reinvestment

Our contract holders get additional hashing power monthly. Very hard to so solo mining. Plus no need to worry about hosting etc.

We host in a secure level 3 data centre with reserve power etc.

Happy hashing

The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC

Yeah, so we are all going to be rich.

Jokers...

SCAM

With respect to your KNCMiner question, if you go to their site (https://www.kncminer.com/) and check the second banner on their home page, you might get an answer to that one

35T is 100 Jupiters ≃ 100KW. I *doubt* they will host that at home.

Wow, just wow. That picture is very misleading indeed.

Also, Cloudhashing is planning on hosting 30+ Terra hashes of equipment, yet they don't have a physical presence anywhere?

Please tell me you are hosting in a data center and not hosting this stuff in your house lol.

There's a lot of really stupid stuff that "everyone" does.

I usually do this in reverse. If everyone does it, it's unlikely to be anything special or provide me an edge. If few or none do it, there could be something there

actually is: if all others human do it, therefore must be good, if no, it is bad for sure

I agree with this. Don't oversell yourself, especially by lying. People will start doubting everything you say and this is how FUD is born.

Anyway: Looking forward to the first payout in the next (?*) week.

* Are we still scheduled to start mining the 20th of June with July contracts?

See that's where you are plain wrong. Bitcoin is so young it has only gone up in value. So much of Bitcoin's value is based on seniority because this is the only one true test if what is perfect on paper it is truly feasible. How does it cope with hacking attempts? (which only increase with time). How does it cope with volume? Etcetera...

At any point in history since it's inception Bitcoin's value has been at an all time high. That this isn't true for the price is due to the inefficiency of the market. This is where opportunity lies

If others want me to verify your legitimacy, I can do that.

It's more than a little naughty that you to have the following Google Maps image on your website suggesting you have a physical office at that location:


I'm more than aware London is expensive, unlike you; I don't just claim to be located here, I actually do live here.

At the very least make it known on your website you do not have a real office there.

There is nothing in the picture above to suggest anything is virtual, and therefore it creates a fraudulent assumption you appear to want to propagate, and to be fair, with the current climate with respect to scams, that's not healthy for you, or anyone else. Why even have it on a map dominating your 'contact us' page?!

It's easy enough to check if you've made such a sizable order with KnC, and presumably you have supporting evidence that is more convincing than your whereabouts.

Please don't take this as me being facetious, but that map is more than a little mirepresentative of your claims above...