Topic: is cloudhashing.com a scam?? - page 14. (Read 46806 times)

1) current difficulty is not possible. They are not hashing NOW, so current difficulty will not happen. If they plan in september, multiply current difficulty at least x4, which is the change of difficulty we had from March to this very moment. This is conservative, because as you know the ASIC manufacturers didn't even start to ship units to the consumers.

2) A 25% per month is much less than we are having. Currently we are having 25% every 10 days, which basically means that difficult doubles every 30 days. That increase cannot be sustainable long term, so just use something lower, let's accept your monthly 25% even if it's way too optimistic during a technoglogy change (GPU+FPGA -> ASIC)

So: I'm running your calculations with 80 mill difficulty (x4 the actual one) and 25% monthly increase, no electricity costs, one year timeframe:

BTC EARNED: 7.85184820
Revenue: $ 824.29

So you are actually losing money ($1,000 - $824.29 = $175.71)

7.8BTC generated in one year. Now explain me how the heck do you generate 50BTC from 7.8BTC "reinvesting" 30% of that "profit" that costed you $1,000.

Wake up, 10GH/s cost $200, not $1,000.

math for 10gh contract 

 use this https://bitclockers.com/calc   

at todays rate of 103 usd
diff of 19 mill 
9gh is used to account for fees of 10%
I put in 1 watt at 1 us cent for power

for the next 7 days.


btc  = 1.65128314
usd = $ 170.31   


I then did a 25% per month jump  which is possible . 

this would give a 1 week payout on the date of july 18 to 25 of $131.39

No math behind the 50BTC estimated revenue per 10GH/s, that's a joke, like offering 7% weekly interest on a loan.

The only fact is that you are offering 10GH/s that cost you $200 or less for $1,000

If there is any payment at all to your customers, it will come from the revenue collected from new contracts.

Good luck with your PONZI SCHEME

Usually don't respond to daft comments but here goes

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

The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC

Yeah, so we are all going to be rich.

Jokers...

SCAM

 

You could be right buying  coin and sitting on it is a move I am doing as I type.

  I am holding 10 coins.
 
 My cloud hashing contract..
  
 I am running a gpu farm 10 pc's 22 gpus  soon to be sold on ebay.

my group buy with swede75 of a 110gh bitfury machine.   just 1/12 of it

4 bfl jallys 2 at 5gh and 2 at 7gh.    

 Multi prong strategy .  

 Every one above could be bad  and result in a total loss.

except the sale of the gpu /pc's  that will bring in money.  

   the cloud hashing contract I purchased starts on july 1st not sept 1st.   it is for 700usd and 6gh then 7.5 gh in sept.   I paid for it with this sale.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=161027162240#ht_2107wt_1165  

 this miner made coin for me for quite a while  but you can see it was designed to be sold as a decent gamer/htpc or miner machine.  I built my machine this way so they would have resale value.

 When all is said and done  no one should be a one trick pony when it comes to BTC investing.  I am not proving that cloudhashing is good I am acting as a guinea pig and testing the waters for those that have an interest in cloudhashing.com   So far they have not done anything bad and they have been responsive to my problems and questions.
 Come July 1st  I will let you know what they hash for me.
Then July 3rd.  
Then July 5th.
Then July 7th.  

I will post the earnings for this contract  until  oct 1st.   this would be 90 days or 1/4 of the contract.   After that I won't post info as often. 

I am not going to ask for tips to my tip jar or try to profit for my testing of cloudhashing.com .  via a kickback from cloudhasher

This is a free service to the BTC community at bitcointalk.

the worst case I am out about 723 usd as my 700 dollar contract cost me 723 since i used a cc/google payments to pay for it.

 the cc gives me protection for 45 days. since it was an overseas payment I had to pay an overseas charge fee of  23 usd.

So if they were to pay me  Starting July 1st just a few parts of a BTC then BTC dies I would be out the 723 USD.

By your logic, might as well take the $950 and instead of buying a contract, just buy BTC directly. At current price of $101, you could get 9.4 BTC. And just like the platinum contract, if the price rises about $101, you make a profit. If it is less, you will lose money. Oh, and since you are nit-picking, I forgot to include the 10% management fee that Cloudhashing charges, so the platinum would actually earn 9.2 BTC * 0.9 = 8.28 BTC. (https://cloudhashing.com/revenue-reinvestment)

By buying BTC directly, it is even less work than a contract. And, you avoid the uncertainties of whether Cloudhashing would actually have the hash power ready when Sept contracts start.

I will pm. 

pm has been sent with my order info.

Hi there

Please PM me your order number or send an email to info. Will have it resolved straight away.

Kind regards

Your comparison to BFL falls short due to power usage ,  maintenance  cost and baby sitting the gear .

Also your price is wrong. 2 units from  are 548  plus shipping for 2 units is 34 so price is 582 not 548.  Plus power used will be around 75 watts. So 1 year at 75 watts  24/7 is about 105 usd .  Using my  New Jersey price of 16 us cents a k-watt.  Many people are far higher then 16  us cents a k watt.

 So the one year cost of the 2 bfl's is about 687 usd at 16 cents  a k-watt   to 899 usd at  48 cents a k watt.   With a lot of work .     the platinum contract would be 950. with no work.

Bottom line is each method has its upside and its downside,  BTW I have 4 bfl's on order and I have 1 contract with cloud hashing. Plus my soon to die GPU farm.


*_*_*_*_*_*_*_**__**_*_*_*_*__*_**_*__*_*_*_*_*_*_*_*_*_*_**__________*************_______________*********************__________________


To cloudhasher:

 My contract was pending I was charged 717 for the 1 year contract on my cc. It was listed on your site as pending it appears to have vanished  on your site.  I can see you did an update on the site. I am going to post my experience with your site once a week or so right here on this thread publicly.  So if you want to reply  publicly as to why I dropped off your site please do.  I realize that site updates do cause f' ups and that I am sure my contract will appear again on your website.  Thanks in advance for your attention to this error.

  Best Regards Phil

By my calculations:
BRONZE 1 GH/s contract - now starts in Sept

At current difficulty, 1 GH/s earns 0.0322 BTC/day. But as you know difficulty has been skyrocketing. Previously, on avg every 2 weeks difficulty increased 10%, the past difficulty (and looks like coming difficulty) have increased on the order of 20-25%!

If this trend continues, by the time the Sept contract starts (say 10 wks from now, or 5 difficulty adjustments of 20% each), 1 GH/s will only bring 0.0131 BTC/day. A year of such mining (again assuming 20% increase in difficulty every 2 weeks) would only net 0.91 BTC total. Since a 1 GH/s contract costs $150 currently, the price of a BTC would have to be $167/BTC to *break even*, let alone earn back a profit.

Even the best PLATINUM contract at 10 GH/s starting in Sept would only earn back 9.21 BTC at the end of a year (with assumptions above). But in this case, BTC would only have to be $103/BTC to break even.

For comparison, a BFL 5 GH/s ASIC costs $274, so to get the same 10 GH/s power you would only need to spend $548 vs $950 for the Platinum contract.

Free account window now closed

Free accounts of 10 Megahash now available. For a limited period.

was able to get my google payment to clear so I now have a 1 year 6gh contract.  I was promised a 25% hash bump in sept since I preordered.   I will come back with results as time passes.

July. Again as all know its hardware delivery dependent. We have diversified our suppliers to have better coverage.

ok,ty
what is the estimate on the contract mining start date ?

Avalon, butterfly, Knc.

Could not find what devices are the backbone of your hashing power?
Because if you are waiting for Butterfly to ship .... the name of the contract is pretty much spot on - indefinite
 

Hold tight. Couple of hours

10.06
no promised free test accounts launched