Topic: is cloudhashing.com a scam?? - page 10. (Read 46806 times)

Correct but remember diff goes up,  every 10-12 days.
 
So ,the rise in diff ,the rise in hash, and coin price will determine if I make a profit.


 I have collected .278 btc   against a 7.2 btc investment (coins were 100 usd at that time)  coins are now 110 usd.

Do I think this is the best choice you can make no,  but I do think if you are a spread the risk guy like I am you could buy a contract here and buy some coins to hold.
Maybe buy some asic miner sticks. 

 say a gold 8gh contract for  about 5btc   from cloud hashing

 hold 5btc coin  buy the coin from some one like coinbase.com

buy 5 btc  in asic miner sticks.  from a good ebay seller  or from a good seller like canaryinthemine (search him on this forum) 

so this is a 15btc investment plan. 

you could buy stock in a startup or 2 maybe addiction and labcoin buy 2.5btc worth of each and you put up 20 btc or about 2200usd  .

   I have no idea of what you have to invest but always remember  BTC is high risk so do not risk more then you can afford to lose!!

Cloudhashing can't buy any more Minirigs through the back door.......................

My $.02.

3 years ROI is quite appealing? Or you think more hash power will come online shortly?

joae1975, philipma1957 - am I correct in understanding that you still don't yet have the hashing power that you expected?

Hm, guess I might invest. I just locked in my funds in CoinLenders though, meaning I can't access them and not buy a contract in time for the September contract >.<. Might have to do a loan, as this is quite appealing.

Time will tell, so far I'm looking at an ROI of ~3 years based upon current BTC price and current payouts.

I have been thinking of investing in this - has it been shown legit so far?

I think so.  I know I am.  I have an annual 6Gh taking effect in Sept.  Although I imagine it won't kick in until late Sept.  I originally bought 2 annual 1Gh July contracts for ~$300 USD total.  Then they had a sale and were offering to trade the July contracts for Sept ones.  So now my 2Gh July contracts are 6Gh Sept. contracts for the same price.  I do believe I made the right choice.  We shall see.

I guess I do. I am supposed to get more hashing in sept. we will see.

@cloudhasher

My biggest concern is that CloudHashing seems to be founded by the same people from BFL.

But atleast they got more legit payment options, but still don't see Credit Card processing option...

My payments are the same as yours. Do you have a 5Gh indefinite contract too?

 My investment was 7.2btc

My payments so far :

 Aug  6th   .106 BTC
 Aug 20th  .172 BTC     total of .278 BTC    looking forward to sept. 3rd payment

Hi Guys

Another day another bitcoin. If you possess a July contract, you should have all received your bitcoins. This payout overall was 62% greater than the last (2 weeks ago). Again we took no management fee. I haven’t been on the forums much recently as I am still working to secure more rigs as my service to you with BFL delays still causing a disruption.

GOOD NEWS

We will be adding another 620 gigahashes this weekend. This should bring us up and above the 1.7 terahash mark. We had a few issues in the last 2 weeks with one of the BFL minirigs overheating. Seems like one of the cards was playing up but BFL will be sorting that out within the next couple of days. Overall we are down 80 to 100ghash right now because of it. We also had overall 10 to 12 hours of downtime as the network was down at the Colo.
Overall things are moving full steam ahead.

110 Terahash mine

As I mentioned previously, in September we will be ramping up by adding 110 terahashes to our inventory. This has all been made possible through careful planning and fiscal prudence. We have ZERO venture funding and have done all this thanks to our customers and staff. We expect this mine to be fully operational between the 19th and 26th of September.

Why not offer a bond?

Simple, it is a legal ticking time bomb. The unregulated securities market has mass appeal but an uncertain future. We chose the model we feel offers both our customer and ourselves a better chance of success in light of the tough regulatory battles that may surface in the near future.

Payments

We have ironed out a lot of issues with the payments processing to you. There is still room for improvement but these things as I previously mentioned are evolutionary. We had very few issues this time around.

Right am off to get something to eat. Cheers

Emmanuel

P.s. forgive spelling mistakes; sleep is a valuable commodity these days.

anyone get their payout today?

You'd better look at the pix again.  That is an early style Minirig of which many were actually constructed.  Note the TWO power cables which are absent on the current units.  The design was changed for a couple of reasons: 

https://forums.butterflylabs.com/bfl-forum-miscellaneous/1544-wow-so-what-will-mini-rig-sc-power-consumption-2640w-6000w-now.html

"How are Mini Rigs traded in?  Mini Rigs are traded in the same way as Singles.  Up to 50% of the purchase price of new SC gear can be paid for with trade in credit from an older generation Mini Rig or many older generation Singles."

http://www.butterflylabs.com/bitforce-sc-release-notes/

A 1500 Gig Minirig was actually sold on ebay.  The listing was removed because the sale was completed off-ebay:

https://forums.butterflylabs.com/pre-sales-questions/1840-looking-buy-mini-rig-sc-order-3.html

http://www.youtube.com/watch?v=ujl-_F7D724

There is much more out there on this matter and things like it if you care to do your homework.

My $.02.

There are no 1500Gh/s minirig's.

Those that had paid-orders for the 1.5THs system are being shipped 3 *500Gh/s units
(of which very early paid-orders have 1 or 2 of the 3 now)

The photos found here:

http://bflfraud.com/

http://bflfraud.com/7/attachment/007/

http://bflfraud.com/7/edit2/

 of the Minirig purchased by Cloudhashing are clearly of a 1500 Gig BFL Minirig.

It would seem that bondholders are being shorted around 300 gigs of hashing power.

  or bfl gave them 2 new mini rigs at 500gh each or 1th since bfl could not build a 1.5th minirig.

 this means bfl owes them a third  new mini rig to get to 1.5th/  so if my guess is correct CH will jump to 1.7th soon.

 the other 200-300 th   may be some avalon or bfl singles

The BFL Minirig purchased a while back by Cloudhashing is a 1500 (1.5 Th) gig unit.

Seems as though CH is about 300 Gigs short in their public statements regarding how much hashing power they have........................................................

https://products.butterflylabs.com/1500gh-bitcoin-miner.html

http://mineforeman.com/2013/04/05/butterfly-labs-increases-prices-and-decreases-hash-rates-on-the-asic-bitcoin-mining-devices/

Hi All,

If you are one of the few still waiting to receive a payment. We are still waiting on the last couple of customers to update their wallets. Then we will send them all in one batch. We have pretty much ironed out the kinks in our automated payment process. It does usually take a few iterations to get these sort of things sorted.

Thanks for your patience. BTW we are now at 1.2 terahash. Another BFL minirig should be with us shortly. As I promised in this video

http://www.youtube.com/watch?v=vqOx3O09ol4

We will continue to go to the open market to purchase mining equipment to satisfy our customers if delays from BFL persist. This is what we said we would do, and this is what we are doing. We purchase these BFL mining rigs off Ebay & IRC, period!

<<<<< I do not comment on conjecture >>>>>

Kind regards

The gears are slowly turning and oiled as we have recently reached 1.2 terahash. We will be running at 30 percent capacity shortly.
We are not responsible for hardware delays however we didn't just sit down and complain, we acted for our customers. This is why they are now mining and receiving bitcoins from us today.

We will be bringing some serious hashing fire-power in September, unlike everyone else that comes on the forums to boast, we just get our head down and work!!

Our goal is to get the mainstream into bitcoin and we are one of the first bitcoin businesses to advertise our services to the mass media. 70 percent of our customers are absolutely new to bitcoin so I guess we are winning a good battle there. We want hashing power into the common man's hands and not a large pool of wealthy dudes.

Expect great things from us in the next few weeks and months.

Emmanuel