Author

Topic: Cloud Mining (Read 1337 times)

hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
September 22, 2014, 01:54:40 AM
#11
Alot of the cloud mining operations are scams, so buyer beware!
sr. member
Activity: 374
Merit: 250
September 21, 2014, 11:56:21 PM
#10
How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

Sure it is, what else would they use. Lottery?
They could potentially use some variation of PPLnS or variation of how other pools payout mined bitcoin, but cloud mining is different in that it is impossible to "pool hoop" so they do not need to protect themselves against this.
full member
Activity: 165
Merit: 100
September 21, 2014, 02:55:31 AM
#9
How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

Sure it is, what else would they use. Lottery?
sr. member
Activity: 420
Merit: 250
September 20, 2014, 09:49:39 PM
#8
If you have GHs in a cloud mining service that has it's own pool and the pool is not public (meaning only the hashpower from the cloud mining service is allowed to mine there) then the amount you would earn would be the same percentage of the hashrate you own of the total hashrate of the pool. For example if you own 1 TH/s of cloud mining and the pool has a total of 100 TH/s mining on it then you would receive 1% of the total block (and TX fee) rewards
hero member
Activity: 644
Merit: 500
September 19, 2014, 12:55:21 PM
#7
and be careful!
some cloud mining just want to sell "virtual cloud service"
they don't have mining rig, they only sell "number of GHS" to you
hero member
Activity: 806
Merit: 1000
September 19, 2014, 04:38:35 AM
#6
Calculate your profits before you buy any power. See its worth anything.
https://bitcoinwisdom.com/bitcoin/difficulty
hero member
Activity: 826
Merit: 501
2local[IEO] - https://2local.io/
September 19, 2014, 12:43:34 AM
#5
personally i see zen cloud as a good option, buy now while they are cheap....ish
full member
Activity: 182
Merit: 100
September 19, 2014, 12:33:49 AM
#4
That is how it works, but are you sure, it is worth it to mine with them ?
legendary
Activity: 1456
Merit: 1000
September 18, 2014, 04:49:22 PM
#3
How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

A lot of new ones you buy a certain amount of hardware hosted there and you get that amount.  Or buy a part of hardware and get that part.
member
Activity: 62
Merit: 10
September 18, 2014, 08:12:58 AM
#2
More hash power you buy and more earnings you will have, it's simple.
hero member
Activity: 891
Merit: 500
September 18, 2014, 07:14:48 AM
#1
How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks
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