Topic: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin - page 82. (Read 197438 times)

Do you mean namecoin or litecoin?
I know tha Bitminter does merged mining and this generates namecoins

Hi all,

As mentioned in the second issue of the cloudhashing newsletter. All contracts will earn both bitcoin & litecoin from day one.

For now, litecoin payments will be handled by selling for BTC and crediting your account. We are looking into a technology solution to pay you the litecoin directly. This may take some time as we are finishing off the virtual miner software on the user dashboard,

Please remember if you have any feature requests, you can simply log onto the dashboard now and raise a request via that tool. We read all requests and consider reasonable ones :-)

Thanks all.

even more concerning is the fact that they are now teaming up with other "vendors" who have been accused of being scammers, due to not delivering a single unit within months...

Domain was registered anonymous.

No names on the site.

Who are you, guys? Care to introduce yourselves to the community?

Please, post some information about your milestones like:

* Photos of the datacenter
* Information of your team (asuming you will support this 7x24 you should have a team)
* Date of purchase on BFL (they are posting the info about the orders delivered so)
* Etc.

That would be nice.

He never answered THE question. How is it possible to get a 50BTC return for 10GH/s deployed in September, by reinvesting only a 30% of the profit in more hashrate? WHERE IS THE MATH BEHIND THIS?

He was ridiculous showing some lame-ass calculations done at today's difficulty without even considering further increases in one year. That's an answer in your book?

Then go and educate yourself. That's a plan outright SCAM.

that's actually wrong, assuming that you are familiar with bitcoin and scams, you merely need to provide a thing called proof-of-work to convince this community

Confirming orders through a 3rd party website/company that doesn't have any track records of delivering anything at all (yet), is zero proof-of-work, because a well-orchestrated scam would merely come up with a bunch of hardware-vendor websites to provide a network of claims. Coming up with a level 3 data center is a little more difficult indeed, and would require scammers to put up lots of cash upfront, even just for renting/leasing the space.

So yeah, evidence  needs to be based on proof-of-work, not just forum postings, screenshots or youtube videos.

The fun part is no matter how he answers this question it wont be good enough for you. Your mind is made up that this is a scam and you wont be dissuaded.

BFL until they decided to ship 3 minirigs at 500 ghash each. Their hosing package cost went more than 4 fold. We are bringing them all down to London to host.

London isn't the cheapest but gives us the flexability and control we want.

Kind regards

I don't give a shit about your orders. I know that with your contracts you are selling $7,000 machines of 350GH/s for between $52,000 (with the 1GH/s contracts) and $35,000. Only retards will buy that.

Plus, your return expectations are IMPOSSIBLE, unless you run a ponzi and pay old investors with new investors money.

These are hard facts. Anybody investing in you is an ignorant fool.

Wasn't the data center BFL's hosting package?

Better still

Contact BFL or KNC to verify orders. No matter what is provided, the forum will not be pleased.

Regards

that sounds great, so where exactly is that going to be, can you please provide contact details, so that we can verify that you have indeed purchased the corresponding contracts ?
Ideally, we'll be able to get in touch with a renown provider to validate your claim through a corresponding 3rd party. Given the space and power requirements of your planned Ghash/sec cloud, that should be a no-brainer to providde ? I am sure, there will be more cloudhashing.com customers then.

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

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

Coins per 24h at these conditions   0.2600 BTC. - over 90 BTC annually
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

I'm just sick of scammers and their ponzi schemes.

If you do not agree, care to explain to all of us the math behing a 50BTC expected revenue in one year, starting from September, with 10GH/s that get only a 30% of the profits reinvested in more hashrate? Please show me the math, because it's really beyond my understanding.

It's a scam, wake up.

wow someone woke up on the wrong side of the bed this morning

yes, yes it is.

I don't see any math behind the 50BTC return for the first year for each 10GH/s. That's a JOKE.

Good luck with charging $35,000 per 350GH/s when it costs $7,000 or less to you.

I guess you will be successful because people is greedy and willing to jump on ponzi schemes like yours.

Again: you make me feel sick, really.

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