Topic: Cloudhashers - custom mining contracts starting from 0.01 BTC - page 5. (Read 10409 times)

Beg your pardon.

The $1200 per BTC price came the end of November 2013 (eight months ago, an eternity in the mining world), when a miner with ONLY a Jupiter hashing @ 600 GH/sec made a killing (approx $30K USD profit return). Pure profit, nice-n-sweet. I know this because of I was one of those miners.

Today everyone and their mother are selling sha256 Asic miners and as a result, that former happy miner @ 600 GH/sec is getting squat for his mining efforts. Rigs are now in the TH/sec range.

The fiat value from that time to today has HALVED and the hashing power required is now several orders of magnitude. How exactly has "btc value gone to the stars?" Do you have any sense of history?

I remember when I had 7 asciminer blades (13 GH/s per blade) that got me around 80-ish GH/sec and I was mining at least .8 to 1.2 BTC EACH DAY. I just checked @ dustcoin.com and hold onto your seat, to get that much BTC will now require you to have a 35 TH/sec miner(s), a stunning increase of 58x.

That's right FIFTY EIGHT TIMES more hash required. Has the fiat value gone up likewise? Insultingly, no ---it has gone DOWN by HALF.

I would say that contrary to your observation, the ever increasing power of asics have REDUCED the yields of most miners in general and has LOWERED the fiat money return per X hashing power SUBSTANTIALLY, not raised anything.

Pretty soon only petahash conglomerates will be mining and us mom-n-pop at home mining operations will wither away.

Mate, are you sure to having understood the implications?
The litecoin now it's more or less 100 time lower than bitcoin. Their payouts are made in BTC, and I don't think BTC will still grow 100 times by now.
If they mine LTC, and LTC value grow like BTC, substantially they have to make esbursment for payouts about 100 time less of today.

If diff grow 200% they just mine half of actually LTC, but likely the value will at least double. (I know that those parameters are not closely related, but today we can just take btc as previous experience, and the value yes, will grow with diff growing).

You know that since sha256 Asics become in the market, the btc value it's gone to the stars. It's possible that the same thing happen to ltc.

If difficulty decline, will mean less market volume and less interest by stock exc. for this kind of "goods", and the value dramatically will decline.
So in this case they can't pay btc if they mine ltc undervalued. Well, at this point cloudhashers.net would disappear very fast. For me this is the real risk.

With "little bit complicated" I mean that if they have a good plan, they have considered this eventuality and for example they can mine other scrypt cryptos like ftc or so.

Yes, I know, too many "if"... and I was hoping the owner could say us something about a sort of B plan, Not me or other ppl but him..
I hope he is a true badass in his work and he will provide a strong warranty for his investors. (also I know well a saying in my country: who live in hoping, die shitting...lol)

Payments are being processed normally, please check your wallet

Not paid for 3 hours ago 
What's the matter?

not much, invested 0.017 BTC, payout 2 000 satoshi hourly.
I would invest more, but you know .... I'm worried  

We're trying to check it more often now, as soon as we have all new hardware and new pool set up we'll be more dedicated to customer support. But in any case no support request remained unanswered for more than 24 hours.

I've deposited some btcs and everything seems like advertised for now!

Already got 6% returned in just a couple of days so based on this, its safe to deposit, but remember to do it with a desktop wallet or from blockchain.info 

how much bitcoin moola did you make, anyhow?

Hi, I just got back all my invest, now it's pure profit but I'm sitting on the fence whether invest again or not.

Thank you very much!!

Isnt there any other way to make this changes faster? Sorry to be rushing but it seems like you answer to this forum or twitter once a day

Done

This all are valid concerns, we understand you. We're making more money then average miners due to some custom hardware, that's why we have to tread lightly. We will reveal more info though, after our operation has been completely set up.

Cloudhashers, please change my address.

A "little bit" complicated???

So you're saying, in effect, that you do believe that a local joe in Illinois is able to achieve what donald trump can't, warren buffet can't...

...but he, a farmboy from some corn field in Illinois, can?  Actually a farm boy from Illinois did in fact achieve this ...Barrack Hussein Obama.

Objection withdrawn.

That's not it. Cloudhashers doesn't expect LTC to grow, but to DECLINE THIS YEAR. They expect to mine more LTC in the future than they do now. They expect LTC mining difficulty to DECLINE, not increase in order to do these payouts. If LTC grows then that means mining difficulty grows and that means cloudhashers make less coin and that means eventually they'll be unable to do payouts.

Their Plan B disaster plan? They even expect to be able to throw enough ASICs into their mining pool to compensate for any increase in mining difficulty, presumably using our "investments". This is their business plan.

How do you feel now?

So I'll repeat myself then:


Goggle "bitcoin miners fees"

Just newly checked over the web today, and I have found that the site cloudhashers.net is now in some black-list as probably scam, as Ponzi scheme. Cause the owner has submitted to the public a fake photo of his hardware. Sure you didnt a smart move, and this is not confortable for us, your investors.
I know the say no pain, no gain. But from there, the distance to become cheated is very tiny.

Lab location in Norway (?), and server IP si located in Illinois USA. The owner registred name is Peter Till (? from Cypro), but I guess it's a fake name, since in some message here he said he can't relase more info for "privacy reasons".

Me, as many people (I think) don't care about knowing your real address or real name, but at least you kindly could give us some addictional info about the activity.
How do you can get electricity so cheap in europe? Which kind of cheap custom asic do you use? The actual cheapest price for scrypt hardware (available in the market now) is about 8MHs/BTC, and mining today you can get 0,20 BTC in one month (converted from 15 LTC). How you can pay to us five time this gain? Did you pay hardware less of 1/5 of actual quotation?
Your hardware is mining LTC or others scrypt criptos?
Are you an individual or are you a team?
How do you plan the asset of payouts when the difficulty grow next months? You'll bet everything for LTC growing this year, as never grow before?
To be honest I think you need to give us those infos about the risks.

In my opinion, the warranty of 365 days payout to investors could be possible with differentiated asset, but a little bit complicated. However we would like to know some of this thing by your voice.

Cloudhashers, i just made a deposit from address 19N1mzi191ZfuGounyGqeZLWAQKVFo1jAK. Please set the payment address to 1CuG1zXxbcwm54YZMQYsvatSM1vK349b3h as soon as you see this.

Thank you.

Sillywhim, are you sure that those transaction fee are a must? I'm very newbie, so maybe I'm wrong.
But in your local wallet, under setting-options-wallet, isn't possible deactivate those transaction fees? I read there, fee are optional... I'm wrong?
Probably these are optional and different from fixed fees as you talking about? Could you confirm?