Cloud mining allowing you to use any pool? - page 2.

Bitsaurus

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Quote from: magiccoins on July 15, 2014, 02:43:19 AM

Quote from: Bitsaurus on July 15, 2014, 01:00:58 AM

Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.

Well that may be true, I'm not a professional nicer and i can tel you that i won't know what to do with my equipment if i had it deliver to me. but i can tel you that i did make money on my contract on nimbus they where the only one who did not have more fees after you paid for your basing and they let you chose you're pool !
any way my experience was positive and i can only recommend them.

If you picked a pool that was mining a fresh pump and dump coin and you managed to sell the coin quickly you could make a profit I guess, but that is not something 95% of people could reproduce.

magiccoins

newbie

Activity: 23

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Quote from: Bitsaurus on July 15, 2014, 01:00:58 AM

Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.

Well that may be true, I'm not a professional nicer and i can tel you that i won't know what to do with my equipment if i had it deliver to me. but i can tel you that i did make money on my contract on nimbus they where the only one who did not have more fees after you paid for your basing and they let you chose you're pool !
any way my experience was positive and i can only recommend them.

Bitsaurus

hero member

Activity: 873

Merit: 1007

Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: magiccoins on July 15, 2014, 12:46:03 AM

Quote from: Bitsaurus on July 10, 2014, 05:12:24 PM

Cloud mining allows companies to take your money and make profits with it. The end user does not make profits from cloud mining.

In what scenario have you ever seen companies give away profit? Companies like Pizza Hut will allow you franchise, but you have to do work to make a profit (and they still get their take). Why would a mining company readily give up free profit that requires no real work?

https://www.nimbusmining.com

You just proved my point. Nimbusmining is charging over $5/GH. Right now you can buy an Antminer S3 and have it hosted in WA for under a total of $2.50/GH for 9 months of mining (it's maximum useful life).

You're paying 2 to 3 times the actual mining cost. That profit goes straight to nimbus who will build their own mining farm to compete against the very same hashes they are selling you.

It's like giving somebody a gun so they can fight in a gunfight with you.

magiccoins

newbie

Activity: 23

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Quote from: ?? on ??

some cloud mining allowed about it and i use it with my cgminer Cheesy

I disagree they have a lot of hidden fees ! go see https://www.nimbusmining.com i have been using them since April i can chose my pool and they have no HIDDEN FEES.

magiccoins

newbie

Activity: 23

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Quote from: Bitsaurus on July 10, 2014, 05:12:24 PM

Cloud mining allows companies to take your money and make profits with it. The end user does not make profits from cloud mining.

In what scenario have you ever seen companies give away profit? Companies like Pizza Hut will allow you franchise, but you have to do work to make a profit (and they still get their take). Why would a mining company readily give up free profit that requires no real work?

https://www.nimbusmining.com

magiccoins

newbie

Activity: 23

Merit: 0

Quote from: SolarWindMiningCompany on March 21, 2014, 10:53:57 AM

Being able to choose how and where to point your miner is an essential component if we wish to to preserve Bitcoins Decentralized Network. That is why SWMC's Hashing Exchange will be offering individuals the choice to mine at any mining pool they want, or even solo mine if they wish.

Posted From bitcointalk.org Android App

Nimubus mining already offer that service since January !!!

Bitsaurus

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Activity: 873

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Cloud mining allows companies to take your money and make profits with it. The end user does not make profits from cloud mining.

In what scenario have you ever seen companies give away profit? Companies like Pizza Hut will allow you franchise, but you have to do work to make a profit (and they still get their take). Why would a mining company readily give up free profit that requires no real work?

monim1

full member

Activity: 155

Merit: 100

Cloud mining is getting popularity day by day. I am involve in cloud mining. In my opinion https://www.genesis-mining.com/ is the best place for cloud mining.

trand

full member

Activity: 252

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Streamity Decentralized cryptocurrency exchange

are have try this cloud http://cpu-cloud.net/
they allow u use any pool for the algorithms that they have
ive try for mining FCN, XMR, QNC and all working well

xrobau

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Activity: 99

Merit: 10

Open Source Developer, Hardware Supplier

Well, for -legimate- cloud mining, with real hardware owned by real people, you should be looking at something like LeaseRig (check the link in my sig).

You get to pick the rate, what algo, and where you want to point it.

I lease my rig there, obviously, because I don't want to care about chasing the best coin or the best rate. Other people with more spare time can do that Cool

guitarplinker

legendary

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If I remember correctly, CEX said they were going to implement a feature so you could choose your own pool, of course it never happened though.

monim1

full member

Activity: 155

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Quote from: botolo86 on March 21, 2014, 10:30:27 AM

Hello,

I love the idea of mining but I don't have the space in my house to host a mining hardware. I was thinking about playing around with cloud mining but I would like to use something where I can point my cloud hashing power anywhere I want.

Is there anything like that on the market?

I must say that its a nice idea. You may visit this http://www.coindesk.com/information/cloud-mining-bitcoin-guide/.
I hope it may help you.

MWNinja

hero member

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We are building this right now

And we already have a good amount of hashrate to offer.

Dryleaf

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Activity: 85

Merit: 10

www.kaysid.com does also allow it for the scrypt mining. We are working on the Bitcoin side to allow this soon. (Its available for advanced miners now for BTC but needs to be a little more simplified for the average user)

Huangww

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Activity: 115

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some can, some cant.

fulviata

member

Activity: 81

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Hi,can you post the setting for connect the nimbusmining worker to onother pool?

i see only del login and data password of my mining pool account!

thanks

TechByPC

full member

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Yes Nimbus mining works. I purchased 1GHS to test the platform out, and it works pretty well. I have moved the miner around to several different major pools on a whim with no issues. I have also done SHA256 alt coin mining with it, which also works fine. The value isn't there to purchase it in quantity though, which is unfortunate. The only negative thing I've found about it is probably related to my hashing power - there are times that it goes offline for a few hours, but the long-term average has been good in spite of that. I have it hashing on Eligius right now, and here it its worker stats:

12 Hours     1,030.79 Mh/s   10368
3 Hours     1,037.16 Mh/s 2608
22.5 Minutes   1,170.78 Mh/s     368

botolo86

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This platform, for example, allows users to choose their own mining pool.

http://www.nimbusmining.com/faqs

botolo86

full member

Activity: 200

Merit: 100

My main concern is that any cloud mining platform that does not allow this could be a Ponzi scheme. With current Bitcoin difficulty, I could create a fake cloud mining platform and tell people to send me 1 BTC and give them back a fraction of it, as alleged mining profit. If I can, on the contrary, redirect my hashing power anywhere, I know that I am paying for real hardware.

Topic: Cloud mining allowing you to use any pool? - page 2. (Read 6726 times)