Author

Topic: Cloud Mining Website is decreasing cost of hash power - Why? (Read 1907 times)

hero member
Activity: 770
Merit: 500
Most likely to get more investors on board. Then put the prices up afterwards. This is all after the halving just to confuse people. Most are just ponzi schemes so they really use it to attract more people they can eventually rip off.
newbie
Activity: 13
Merit: 0
The only things that changed after halving in cloud mining is bitcoin that you could earn everyday Roll Eyes
But, cloudmining.website is ponzi cloud mining so they can do as they want.

HashOcean isn't enough to stop you guys to invest at shady investment ?
The funny thing is www.cloudmining.website is in existence for ~2 years, while HashOcean.com came from nowhere for ~9 months ago and everyone started cheering for them.
hero member
Activity: 868
Merit: 500
cloudminig website decrease the hash power rate when they are planning a scam . yes this is true take it as a sign that the cloudminig in for what about you are talking will scam soon .
full member
Activity: 154
Merit: 100
is now reward mining is decreasing because after halving reward mining down is 50%, so is your mining or cloudming same too reward down, is reward not down maybe your cloud mining only hyip not real mining
hero member
Activity: 924
Merit: 501
Quote
Hash power cost on www.CloudMining.website  will increase from January 1, 2016.

Source: https://twitter.com/cloud_mining_/status/679619188223307776

While everyone is trying to offer hash power at a cheaper rate, why are they increasing the price?

21/02/2016 Update: https://twitter.com/cloud_mining_/status/701381994438115328

Quote
Rate slashed. New rate: 10-90 Ths @ 0.0007 BTC/Ghs, 1-9 Ths @ 0.0008 BTC/Ghs, 100-900 Ghs @ 0.0009 BTC/Ghs & 10-90 Ghs @ 0.001 BTC/Ghs.

Maybe it is a scam ? Low price to make you buy more ? Many cloud mining are scam but not all, just almost all. To keep the bitcoin safe rather than to lose on scam to make the owner rich not you.
full member
Activity: 224
Merit: 100
are people still investing in cloudmining :O
when will you learn? how many more of thse scammers have to take your money and run before you stop giving away your bitcoins for free to these scammers?!

Yup, cloud mining are all scams. Just like the Hash Ocean. They are just fooling you to make you invest your money and they are just spreading each and every one's investment that act as their payment. In the first place, why are they going to sell their mining units? If they can afford to have it alone? If I were to think, of course im gonna operate alone and have my own profit. Why invest your money in trading? I think that would be best instead of cloud mining sites.
hero member
Activity: 910
Merit: 500
The only things that changed after halving in cloud mining is bitcoin that you could earn everyday Roll Eyes
But, cloudmining.website is ponzi cloud mining so they can do as they want.

HashOcean isn't enough to stop you guys to invest at shady investment ?
HashOcean is a good lesson for all of us
sr. member
Activity: 434
Merit: 250
Dont bother to look cloudmining sites because its clearly stated and many people keep saying here that those site are Ponzi that will turn scam if they collected lots of money to their investors thats why avoid as you can and dont fall for their false promise to earn lifetime their site.

So many people here are scammed with cloud mining (me included), why would you even try to put it in a good daylight.
We all know there are no winners except for the owners.
hero member
Activity: 756
Merit: 501
because of halving, it becomes more harder to earn bitcoins wit mining, so you need more hash power to get any profit and cloud mining sites decreased prices, not to loose clients.

anyway, there is not real cloud mining sites, from where you can get any profit with low risk, not to be scammed. so i advice you, stay away from "cloud mining" sites
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
Dont bother to look cloudmining sites because its clearly stated and many people keep saying here that those site are Ponzi that will turn scam if they collected lots of money to their investors thats why avoid as you can and dont fall for their false promise to earn lifetime their site.
copper member
Activity: 1442
Merit: 529
Taken from their FAQ

3.In which pool you are mining ?
 We do not mine at any specific pool with all our hash power. Our miners are pointed at multiple pools and our proprietary software periodically analyzes the data to determine where to mine next to give us the optimum result.


4.What is the minimum amount of GHS to be purchased ?
 Minimum amount of purchase is 10 GHs.


5.What is the minimum amount of withdrawal ?
 Minimum amount of withdrawal is 0.1 BTC.

I think this should be enough to stop you from investing there. Minimum withdrawal is 100 mBTC which is a crazy high amount for a minimum withdrawal. Beside that I thought these guys were already gone a few months ago as I was hearing all kind of scams regarding them. Just don't invest in here. They don't tell you where they hash, they don't tell you their mining equipment, no pictures, no videos, no nothing here.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Another scam. No proof of mining whatsoever.
member
Activity: 116
Merit: 12
There seems to have another price slash. Now they are selling 10 Ths @ 1 BTC!
ROI within 3 months? Now, that's a pretty lucrative offer. Roll Eyes
hero member
Activity: 770
Merit: 500
Bazinga!
are people still investing in cloudmining :O
when will you learn? how many more of thse scammers have to take your money and run before you stop giving away your bitcoins for free to these scammers?!
newbie
Activity: 13
Merit: 0
There seems to have another price slash. Now they are selling 10 Ths @ 1 BTC!

https://twitter.com/cloud_mining_/status/752167168289021952

Quote
Bitcoin mining rate slashed : 10-90Ths @ 0.0001 BTC/Ghs, 1-9Ths @ 0.0002 BTC/Ghs, 100-900Ghs @ 0.0003 BTC/Ghs & 10-90Ghs @ 0.0004 BTC/Ghs.

AOL
jr. member
Activity: 142
Merit: 4
in fact, they have no legitimate operator shown in the site, the contact info is not even visible, and there are no provable identity if they failed to pay. this site has no real miners proven using the mine, so it is explicitly ponzi.

this will probably be the final sale before they collapse, thus this is a trap. moreover, their sale in open-ended.
What does it mean by open-ended sale ?
legendary
Activity: 1582
Merit: 1006
beware of your keys.
 
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?

Don't know why you bumped thread.  Cheapest or not they are not the best.  If your going cloud mining go with hashnest.

It is a true legit service.  Read threads about the mentioned provider, then read about hashnest.  Anyone who does this goes to hashnest.

in fact, they have no legitimate operator shown in the site, the contact info is not even visible, and there are no provable identity if they failed to pay. this site has no real miners proven using the mine, so it is explicitly ponzi.

this will probably be the final sale before they collapse, thus this is a trap. moreover, their sale in open-ended.
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
Expect the prices to increase more right after the halving. With that case I don't think cloud mining will be profitable anymore unless you have purchased power already before the price increases.
In an interesting turn of event, they have now slashed price...

OP updated.
I think, they had to. Because, with rising difficulty, mining was becoming unprofitable with previous rate for small buyers. Moreover, with rising bitcoin price, their support cost should have been lowered. Good move overall...

That's complete nonsense, even worse it's complete nonsense based on the completely unproved premise that these people have ever mined one satoshi's worth of bitcoin.
The only "difficulty" CMS encounter is finding mugs to give them money, that's why the lower 'price'.
member
Activity: 83
Merit: 17
Expect the prices to increase more right after the halving. With that case I don't think cloud mining will be profitable anymore unless you have purchased power already before the price increases.
In an interesting turn of event, they have now slashed price...

OP updated.
I think, they had to. Because, with rising difficulty, mining was becoming unprofitable with previous rate for small buyers. Moreover, with rising bitcoin price, their support cost should have been lowered. Good move overall...
AOL
jr. member
Activity: 142
Merit: 4
Expect the prices to increase more right after the halving. With that case I don't think cloud mining will be profitable anymore unless you have purchased power already before the price increases.
In an interesting turn of event, they have now slashed price...

OP updated.
member
Activity: 83
Merit: 17
Actually, your hash DONT MAKE PROFIT for them! so increase PRICE to TAKE PROFIT and GO PONZI! Only thats. Another reason, if their business is reals. BTC priced improve, Block hard improve? Why not HASH dont move?
I dont get your point. How come BTC price improvement raise the cost of hash power? I think, difficulty increase has more to do with hash power cost increase.
hero member
Activity: 658
Merit: 500
Actually, your hash DONT MAKE PROFIT for them! so increase PRICE to TAKE PROFIT and GO PONZI! Only thats. Another reason, if their business is reals. BTC priced improve, Block hard improve? Why not HASH dont move?
AOL
jr. member
Activity: 142
Merit: 4
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?
The more accurate question would be are these guys still paying in 2016?
Well... Yes. Here is today's payment...

https://blockchain.info/tx/52965829638f1ac69b16670731800967593505e9d35f73fff84d3fc6acd45788
legendary
Activity: 1526
Merit: 1000
Because they are a scam site that is running out of coins so they need to reduce the amount that they need to pay out.
hero member
Activity: 980
Merit: 500
Expect the prices to increase more right after the halving. With that case I don't think cloud mining will be profitable anymore unless you have purchased power already before the price increases.
sr. member
Activity: 812
Merit: 256
hash power has the "implicit" status to be more convenient due the high offer.
I start when 1 gigahash worth more than 20 $ .... nowadays is around 10 cent $ so far...

you have to see in the long period maybe actually is only an adjustment of btc itself
member
Activity: 169
Merit: 10
Global Risk Exchange - gref.io
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?
The more accurate question would be are these guys still paying in 2016?
member
Activity: 83
Merit: 17
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?
For purchases worth 10 Ths and above, they still seem to be the cheapest provider. But, from an investor's point of view, what matters most is how much they yield with a certain hash power. Hence, I invest in various cloud mining websites in small amount, take a note of their return for a given hash power, say 10 Ghs and then invest more for better ROI provider.
AOL
jr. member
Activity: 142
Merit: 4
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?

Don't know why you bumped thread.  Cheapest or not they are not the best.  If your going cloud mining go with hashnest.

It is a true legit service.  Read threads about the mentioned provider, then read about hashnest.  Anyone who does this goes to hashnest.
Thank you for your suggestion. In fact, I'm already with Hashnest. But, it seems like, with rising difficulty and their support & maintenance cost, I'll never make ROI with them. Hence, I'm looking for cheaper alternatives with proven payment history.
legendary
Activity: 1456
Merit: 1000
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?

Don't know why you bumped thread.  Cheapest or not they are not the best.  If your going cloud mining go with hashnest.

It is a true legit service.  Read threads about the mentioned provider, then read about hashnest.  Anyone who does this goes to hashnest.
AOL
jr. member
Activity: 142
Merit: 4
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
Are they still the cheapest hash power provider?
member
Activity: 83
Merit: 17
New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.
AOL
jr. member
Activity: 142
Merit: 4
10/07/2016 Update: https://twitter.com/cloud_mining_/status/752167168289021952

Quote
Bitcoin mining rate slashed : 10-90Ths @ 0.0001 BTC/Ghs, 1-9Ths @ 0.0002 BTC/Ghs, 100-900Ghs @ 0.0003 BTC/Ghs & 10-90Ghs @ 0.0004 BTC/Ghs.

Now, 10 Ths is available @ 1 BTC !!!

_______________________________________________________________________________ ____________

21/02/2016 Update: https://twitter.com/cloud_mining_/status/701381994438115328

Quote
Rate slashed. New rate: 10-90 Ths @ 0.0007 BTC/Ghs, 1-9 Ths @ 0.0008 BTC/Ghs, 100-900 Ghs @ 0.0009 BTC/Ghs & 10-90 Ghs @ 0.001 BTC/Ghs.

_______________________________________________________________________________ ____________

Source: https://twitter.com/cloud_mining_/status/679619188223307776

Quote
Hash power cost on www.CloudMining.website  will increase from January 1, 2016.

While everyone is trying to offer hash power at a cheaper rate, why are they increasing the price?

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