Topic: Cloudhasing or ASICminer? (Read 861 times)
If they will start on early july, I think the datacenter should be ready, or near to be ready, they can post images of the work they are doing to improve the trust of the investors.
Good work. Hopefully they didn't make you twist an arm and a leg.
The help desk's automated replies only left me feeling even further uneasy with fears that I'd scammed. Granted, I only requested a refund on Monday and didn't get it until Wednesday. I was just getting pretty fast email replies before the refund request so I started to wonder if they were ignoring me.
Now I wait and see how this all pans out.
Those are definitely your main options.
With the difficulty going up, option 1 becomes more and more expensive (on top of power consumption etc)
Option 2 is good in the medium term, with the company absorbing power costs, and with reinvestment your money goes a little further.
Option 3 is a good one in my opinion, as it is essentially the same as buying shares in a company. You will get paid if the company performs, so your pay will be independent of the difficulty of mining bitcoin.
With the difficulty going up, option 1 becomes more and more expensive (on top of power consumption etc)
Option 2 is good in the medium term, with the company absorbing power costs, and with reinvestment your money goes a little further.
Option 3 is a good one in my opinion, as it is essentially the same as buying shares in a company. You will get paid if the company performs, so your pay will be independent of the difficulty of mining bitcoin.
I would also add a fourth option: buying shares in a group buy for hosted ASICs, bigger risk but potentially bigger rewards as well.
Those are definitely your main options.
With the difficulty going up, option 1 becomes more and more expensive (on top of power consumption etc)
Option 2 is good in the medium term, with the company absorbing power costs, and with reinvestment your money goes a little further.
Option 3 is a good one in my opinion, as it is essentially the same as buying shares in a company. You will get paid if the company performs, so your pay will be independent of the difficulty of mining bitcoin.
With the difficulty going up, option 1 becomes more and more expensive (on top of power consumption etc)
Option 2 is good in the medium term, with the company absorbing power costs, and with reinvestment your money goes a little further.
Option 3 is a good one in my opinion, as it is essentially the same as buying shares in a company. You will get paid if the company performs, so your pay will be independent of the difficulty of mining bitcoin.
This is an aspect of Bitcoins that I'm very interested in. From the short time I've been looking in to this, it seems there are 3(?) main avenues to investing, either directly or indirectly in to Bitcoins, these being:
1. Buying hardware and mining yourself, either GPUs or the ASIC route
2. Paying for 'virtual' mining from the likes of cloudhashing etc..
3. Buying shares in companies that either mine or provide Bitcoin affiliated service
Am I correct in assuming these are the main avenues for investment? Anything missing? Anyone care to give their opinion on the benefits/disadvantages of each option?
1. Buying hardware and mining yourself, either GPUs or the ASIC route
2. Paying for 'virtual' mining from the likes of cloudhashing etc..
3. Buying shares in companies that either mine or provide Bitcoin affiliated service
Am I correct in assuming these are the main avenues for investment? Anything missing? Anyone care to give their opinion on the benefits/disadvantages of each option?
Does anyone know of a post or website that provides a value comparison?
As I'm a relative bitcoin newbie, I'm curious from a cost/investment return/rate of return/risk perspective. I've already invested in some fpga hardware that's at ~ $1/MH but the rate of return is something like 8 months given the energy costs (I haven't done the math to map it to Joule or W per MH, but it should be low at 28 W/per board). The only positive I see with fpga(s) is that the risk is lower because they can be somewhat repurposed or resold. With ASICS, depending on what you purchase the value may be better (not really with the USB Eruptor) but the risk is higher because they can't be repurposed if Bitcoins go bust. I guess that risk might also apply to cloud mining or buying shares, but I've read somewhere that the rate of return could be something like 1 year which makes it even more risky.
As I'm a relative bitcoin newbie, I'm curious from a cost/investment return/rate of return/risk perspective. I've already invested in some fpga hardware that's at ~ $1/MH but the rate of return is something like 8 months given the energy costs (I haven't done the math to map it to Joule or W per MH, but it should be low at 28 W/per board). The only positive I see with fpga(s) is that the risk is lower because they can be somewhat repurposed or resold. With ASICS, depending on what you purchase the value may be better (not really with the USB Eruptor) but the risk is higher because they can't be repurposed if Bitcoins go bust. I guess that risk might also apply to cloud mining or buying shares, but I've read somewhere that the rate of return could be something like 1 year which makes it even more risky.
ASICminer seems to have the better rep.
Should i buy contracts in Cloudhashing or shares of ASICminer? It seems to me ASICminer would be the best choice as it already has a track record over producing BTC dividends. Are there other alternatives available as far as buying into BTC mining?
Just to make an odservation here that ASICminer shares represent a portion of the profits of ASICminer for all their activities it is not a mining contract
So with lets say with a 1GHz contract (mining) with cloudhashing you would get whatever a 1Ghz rig can produce (dont know if they will deliver or not thats another matter)
so it is affected by the mining difficulty and you will have decreasing returns as the difficulty rises.
With ASICminer shares you dont care about the difficulty but how well the company does if they go well you get more if they go bad you get less...
Good work. Hopefully they didn't make you twist an arm and a leg.
I just received my refund after contacting them directly (versus using the help desk's email address).
http://i40.tinypic.com/30iht6u.png
http://i42.tinypic.com/hvcd20.png
http://i40.tinypic.com/30iht6u.png
http://i42.tinypic.com/hvcd20.png
It may be sensible to just buy shares of an mining outfit because you have to do it through a third party for arbitration. With Cloudhashing, there isn't a third party.
Should i buy contracts in Cloudhashing or shares of ASICminer? It seems to me ASICminer would be the best choice as it already has a track record over producing BTC dividends. Are there other alternatives available as far as buying into BTC mining?
Several options available besides ASICminer shares:
TAT.VIRTUALMINE on bitfunder is a way to by 1mhs per share. IPO was at 0.0007. Still some selling at that price.
Or get ASICMINER-PT 1/100th of a pass thru share with btct-co.
ASICMINER do seem to be the flavour of the month, however there have been a lot of big auctions lately. Makes me think some of the early players are aware of something the general market is not.
Well they are reportedly starting on June 20 with Avalon gear, So Ill report back shortly after that and let you know is they are delivering
Yeah i was wondering what kind of marketing strategy they're employing with the "limited" contracts. I doubt they will remain limited if they make money selling them. They're just trying entice us into jumping in and buying them. I agree and think it's wise to just stay away from them until they establish a at least minor reputation of mining.
I purchased a 5GH indefinite contract too, but I'm not 100% confident in Cloudhashing's ability to deliver.
I noticed the same verbage was posted in a couple of different threads which made the poster appear robotic. It sounds too corporate and I'm a little cautious with responses that sound like they're coming from the company's website.
Additionally, they just updated their website and have outsourced email inquiries to zohosupport.com. I'm unsure how many updates/iterations the website has gone through but it makes me wonder why it would need to be changed other than to position itself as a trust worthy service provider. I suppose it's possible they're receiving too many email inquiries but it makes me uneasy knowing that they are not directly addressing customer inquiries but using a help desk to provided scripted responses.
I asked for a refund on Monday 6/3/2013 but I haven't received it yet. I decided I'd rather wait until they start mining in July and wait for others to report back.
If after mining starts in July and people are reporting that it is a legitimate service, and the "limited" indefinite contracts still exist, I will jump on the bandwagon and re-purchase my contract. Until then, I would feel safe sitting out until after July.
I noticed the same verbage was posted in a couple of different threads which made the poster appear robotic. It sounds too corporate and I'm a little cautious with responses that sound like they're coming from the company's website.
Additionally, they just updated their website and have outsourced email inquiries to zohosupport.com. I'm unsure how many updates/iterations the website has gone through but it makes me wonder why it would need to be changed other than to position itself as a trust worthy service provider. I suppose it's possible they're receiving too many email inquiries but it makes me uneasy knowing that they are not directly addressing customer inquiries but using a help desk to provided scripted responses.
I asked for a refund on Monday 6/3/2013 but I haven't received it yet. I decided I'd rather wait until they start mining in July and wait for others to report back.
If after mining starts in July and people are reporting that it is a legitimate service, and the "limited" indefinite contracts still exist, I will jump on the bandwagon and re-purchase my contract. Until then, I would feel safe sitting out until after July.
I personally have a 5GHs and a 1GHz contract with cloudhashing.com, so far I have found them to be upfront and honest.
I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
You have the preorder or it's mining right now?I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
I personally have a 5GHs and a 1GHz contract with cloudhashing.com, so far I have found them to be upfront and honest.
I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
You have the preorder or it's mining right now? I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
I personally have a 5GHs and a 1GHz contract with cloudhashing.com, so far I have found them to be upfront and honest.
I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
I also have shares in ASICminer on Havelockinvestments.com
Another place to look would be Hashrack.com, where you can buy mining contracts for bitcoin - no idea how trustworthy they are however.
You could buy an actual asic machine as in a Avalon or a bfl or a asicminer block erupter...i have a BFL preorder for sale 
Should i buy contracts in Cloudhashing or shares of ASICminer? It seems to me ASICminer would be the best choice as it already has a track record over producing BTC dividends. Are there other alternatives available as far as buying into BTC mining?
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