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Topic: Has anyone experience with GigaHash.org? - page 2. (Read 8783 times)

newbie
Activity: 45
Merit: 0
September 01, 2015, 03:34:16 AM
#88
Is GigaHash out of the business? The site is down at the moment an their Twitter is quiet.
hero member
Activity: 574
Merit: 500
August 31, 2015, 07:11:43 AM
#87
Here's an overview of my recent experience with them:
The rate seems to be stabilized to 0.000237BTC a day. I hope the bitcoin price is rising again soon.

Here are the latest payouts from my gigahash cloud mining contract:
Today: https://blockchain.info/tx/354649216c86c1c353c5a19b85529a0fa1feadfd989c6123a48e08cc27006f65
Yesterday: https://blockchain.info/tx/77fbdcb9a49f6bc08b1b67c504b261cfdb6f060c6f0247fdb1d59734c42b8a13
29.08.15: https://blockchain.info/tx/c1baa7283684b7dc099dd5efab1791883ba60b6ba70b27c0e3330ed271410dea
28.08.15: https://blockchain.info/tx/ad77f14e6f22711b08ea480dad66c9722ebeedb735ff3e66fe8c8ba8ab63b1f4

But the payment time stabilized too. The payments are around 14 o'clock as they promise on their website. I'm much happier with them now.
hero member
Activity: 574
Merit: 500
August 30, 2015, 06:56:25 AM
#86
I found a nice chart that shows the dividends earnings by time and i want to share it with you. So here it is:

I think this is a good visualization of the fluctuation in earnings from their mining operation.
hero member
Activity: 574
Merit: 500
August 27, 2015, 04:23:30 PM
#85
The dividends are rising again. Let's hope the bitcoin price keeps rising, so we can expect huge rewards again. 0.000237BTC a day from 60GHS is a bit low... ROI is beyond 300 days...
hero member
Activity: 574
Merit: 500
August 25, 2015, 03:38:16 PM
#84
the rate at which bitcoin prices are falling on a daily basis is scary.
if it becomes unprofitable to mine what would happen to our gigahash contracts. would they be temporarily suspended or straightaway cancelled?
They get temporarily suspended for 10 days. After that they get terminated forever. I don't get the right formula to calculate the minimum bitcoin price to keep the contracts alive. Is someone able to do that?
I mixed it up with another cloud mining company...

Quote from their FAQ:
Quote
As long as the cloud is profitable (i.e. the payout covers the maintenance fee) you will continue to mine and be able to receive payouts. Theoretically, this could be 1-5 years, however practically it will depend on difficulty and market prices for the crypto currencies.


Todays dividend was 375 sastoshi/GHS | 60GHS Payout: 0.00022500
Yesterday it was 400 satoshi/GHS | 60GHS Payout: 0.00024000
Three days from now: 400 satoshi/GHS | 60GHS Payout: 0.00024000
4 days from now: 424 satoshi/GHS | 60GHS Payout: 0.00025440

I hope this information is helpful to someone, who can calculate the minimum bitcoin price to keep the contracts alive!
newbie
Activity: 28
Merit: 0
August 25, 2015, 03:34:13 PM
#83
the rate at which bitcoin prices are falling on a daily basis is scary.
if it becomes unprofitable to mine what would happen to our gigahash contracts. would they be temporarily suspended or straightaway cancelled?
hero member
Activity: 574
Merit: 500
August 23, 2015, 11:03:25 AM
#82
payout skipped by gigahash on 21/08
Oh yes i see.. Thats bad news. I hope they take care of that...
2 Dividends today. So i got everything, that was missed. One is already withdrawn. The second is pending.
hero member
Activity: 574
Merit: 500
August 22, 2015, 06:54:47 PM
#81
payout skipped by gigahash on 21/08
Oh yes i see.. Thats bad news. I hope they take care of that...
newbie
Activity: 28
Merit: 0
August 22, 2015, 03:50:17 PM
#80
payout skipped by gigahash on 21/08
newbie
Activity: 28
Merit: 0
August 19, 2015, 04:48:02 PM
#79
There is my money: https://blockchain.info/tx/96c381daf2d793acf6377ca728173132ee9d428af0c1fe5bc83b4696af8c9040
Just received in this second. Two withdrawals at once.
Now i can go to sleep happily Cheesy

hahaha sweet dreams...over peanuts  Tongue

it seems like only when ppl complain on this forum do they take notice.

also they are reducing successive payouts. bitcoin's taken a real beating this week. looks like i'll hv to turn to gold again  Undecided
hero member
Activity: 574
Merit: 500
August 19, 2015, 03:25:11 PM
#78
There is my money: https://blockchain.info/tx/96c381daf2d793acf6377ca728173132ee9d428af0c1fe5bc83b4696af8c9040
Just received in this second. Two withdrawals at once.
Now i can go to sleep happily Cheesy
newbie
Activity: 28
Merit: 0
August 19, 2015, 03:04:16 PM
#77
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.

That has happened before, and is just a convenient excuse that will convince more suckers to try the next one. It would be very easy to prove that the price falling has made it not worth it to run the miners (although it would probably have to be much lower since users are paying for electricity) but no one has asked for proof of anything so far, why stop now.

yeah man that's what i was worried abt too. hence i restricted myself to 100GH/s with gigahash.

looks like i'll hv to diversify my portfolio. what do you think abt hashnest's pacmic v3 contracts? worth investing?

bitcoin prices are falling daily. if it sinks below $220 am fucked. then it wld be better to buy & hoard bitcoins for the future rather than invest in mining.
hero member
Activity: 574
Merit: 500
August 19, 2015, 02:57:56 PM
#76
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.
Yes i saw, but the last weeks payments all were delayed. So i think/hope it will come today. We had a double payment some time ago already.

k looks like gigahash will be testing my patience a lot in the coming days.
Yes i also don't received a payment today or yesterday...  What's going on there?
newbie
Activity: 28
Merit: 0
August 19, 2015, 02:54:58 PM
#75
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.
Yes i saw, but the last weeks payments all were delayed. So i think/hope it will come today. We had a double payment some time ago already.

k looks like gigahash will be testing my patience a lot in the coming days.
legendary
Activity: 1526
Merit: 1000
August 19, 2015, 08:13:02 AM
#74
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.

That has happened before, and is just a convenient excuse that will convince more suckers to try the next one. It would be very easy to prove that the price falling has made it not worth it to run the miners (although it would probably have to be much lower since users are paying for electricity) but no one has asked for proof of anything so far, why stop now.
hero member
Activity: 574
Merit: 500
August 19, 2015, 02:22:46 AM
#73
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.
Yes i saw, but the last weeks payments all were delayed. So i think/hope it will come today. We had a double payment some time ago already.
newbie
Activity: 28
Merit: 0
August 19, 2015, 02:10:49 AM
#72
@LsHallo No payment yesterday. looks like this will be the first one to fold due to bear run in the bitcoin market.
newbie
Activity: 28
Merit: 0
August 18, 2015, 08:24:30 AM
#71
gigahash executed my order a few hours after my last post. mining's underway and received my first payout too. thank goodness!

@LsHallo that's a good point abt the 180 days. got me thinking abt it too.

seems like gigahash guys still got a lot of work left to do regarding transparency and some really basic stuff.

apparently it's a lifetime contract but there's no sign of any form of agreement or terms & conditions not even an acknowledgement email. not to mention the complete absence of any order # or invoice while purchasing hashes.

even now i don't feel any sense of security with them. though their intentions might be genuine, lack of such basic features will scare off people mistaking it for another east european ponzi scheme.

LoL for all i know that might even be true  Tongue

Nice to hear, it worked for you. Now we both are praying they don't run away with our money. My 180 day period ends on first of december or so. So hopefully they stay the rest of roi period. It would be the first time i roi with a cloudmining company. But before my gigahash account reaches it's roi my hashocean account get's it if all is working fine. So after losing a bit in scrypt.cc i'm back on my way.  Cheesy

And yes as you said. They have a lack of transparency. They simply could add some miner pictures and a link, where you can monitor their hashing results and blocks they found and everything would be fine.

same here fingers crossed
hero member
Activity: 574
Merit: 500
August 17, 2015, 09:51:00 AM
#70
gigahash executed my order a few hours after my last post. mining's underway and received my first payout too. thank goodness!

@LsHallo that's a good point abt the 180 days. got me thinking abt it too.

seems like gigahash guys still got a lot of work left to do regarding transparency and some really basic stuff.

apparently it's a lifetime contract but there's no sign of any form of agreement or terms & conditions not even an acknowledgement email. not to mention the complete absence of any order # or invoice while purchasing hashes.

even now i don't feel any sense of security with them. though their intentions might be genuine, lack of such basic features will scare off people mistaking it for another east european ponzi scheme.

LoL for all i know that might even be true  Tongue

Nice to hear, it worked for you. Now we both are praying they don't run away with our money. My 180 day period ends on first of december or so. So hopefully they stay the rest of roi period. It would be the first time i roi with a cloudmining company. But before my gigahash account reaches it's roi my hashocean account get's it if all is working fine. So after losing a bit in scrypt.cc i'm back on my way.  Cheesy

And yes as you said. They have a lack of transparency. They simply could add some miner pictures and a link, where you can monitor their hashing results and blocks they found and everything would be fine.
newbie
Activity: 28
Merit: 0
August 17, 2015, 09:35:25 AM
#69
gigahash executed my order a few hours after my last post. mining's underway and received my first payout too. thank goodness!

@LsHallo that's a good point abt the 180 days. got me thinking abt it too.

seems like gigahash guys still got a lot of work left to do regarding transparency and some really basic stuff.

apparently it's a lifetime contract but there's no sign of any form of agreement or terms & conditions not even an acknowledgement email. not to mention the complete absence of any order # or invoice while purchasing hashes.

even now i don't feel any sense of security with them. though their intentions might be genuine, lack of such basic features will scare off people mistaking it for another east european ponzi scheme.

LoL for all i know that might even be true  Tongue
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