Hash rate: 1700 Gh/s
Total cost: 2.04 ($781.32 @ 383 $/BTC)
Maintenance fee: $2.771 per day (0.00723499 BTC per day @ 383 $/BTC)
SP20
Cost: $785
Delivery to UK: $115
1300W PSU: $200
Total: $1100
Hash rate: 1700 Gh/s
Power efficiency: 0.7 J/Gh
Cost per Gh: 0.64 $/Gh
AM's maintenance fee of $2.771 per day would be equivalent to running an SP20 with electricity costs of 0.096 $/kWh. I pay about 15p/kWh here in the UK which works out to about 0.24 $/kWh. That's what hosting is for though! Using Toomin Brothers hosting:
1 month: $118.8 per month = $3.91 per day (equivalent to an SP20 @ 0.136 $/Gh)
3 months: $111.6 per month = $3.68 per day
6 months: $103.2 per month = $3.40 per day
12 months: $96 per month = $3.16 per day (equivalent to an SP20 @ 0.110 $/Gh)
So, an SP20 is quite clearly overpriced compared to the available competition. To claim otherwise is totally delusional.
As the above maths show, an SP20 would need to be priced at around $460 or less and electricity costs would need to be around 0.096 $/kWh or less to simply match AMHash's profitability.
I don't think it's fair to compare cloud and hardware. I think it would be more of the prisma against SP20. And really amhash is not cloud but a havlock investment.
i suppose what it really boils down to is personal preference.
some people are willing to trust their funds in the hands of others with IPO's and what-not and some just enjoy to mine.
I think you are right, amhash is not a real mining operation - it's a smoke and mirrors way of Am getting suckers to invest (again)
i've been away a while so forgive my ignorance, but... have AM yet paid out their shareholders from their last 'IPO' ?