is cloudhashing.com a scam?? - page 3.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: vga on March 05, 2014, 03:34:17 PM

That's fairly convincing. But is there a mathematical reason why this is a terrible idea? Or is it just a reasonably risky idea?
I do like my puppy.

If you like it, just don't do it.
Look at the news, it's not wise to send your bitcoins to third parties, and even less when they smell like ponzi.

vga

newbie

Activity: 26

Merit: 0

Quote from: LostDutchman on March 05, 2014, 03:14:16 PM

Quote from: vga on March 05, 2014, 02:56:55 PM

I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?

Don't do it or I will boil your puppy!

Wink

That's fairly convincing. But is there a mathematical reason why this is a terrible idea? Or is it just a reasonably risky idea?
I do like my puppy.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: vga on March 05, 2014, 02:56:55 PM

I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?

Don't do it or I will boil your puppy!

Wink

vga

newbie

Activity: 26

Merit: 0

I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: Cummins59 on February 17, 2014, 01:29:17 PM

Quote from: Jonesd on February 17, 2014, 03:55:39 AM

Quote from: vga on February 16, 2014, 03:50:16 PM

I have a 100gh/s contract that started on Feb. 10. So far, after a 30% reinvestment fee and a 10% management fee, I have earned 0.0616 BTC. The total earnings if you do not subtract the fees are .1 BTC.
Thoughts?

I have a 20Gh/s contract and earned 0.014 BTC with the 30% reinvestment and 10 %management fee.

I would just keep the BTC and not reinvest. The way things are going in the BTC market, take what you can whenever you can.

You're probably right, but out of curiosity, I'm gonna check it out. I'm just over two weeks in (since 10/2) and these are the results:

Results after two weeks

Total Earnings: 0.0514 BTC
Management Fee: 0.005
Reinvestment: 0.015 (0.011 left)
BTC left: 0.0314

Part of the reinvestment already appeared as a new worker with the following specs:
592.97 Mh/s 02/24/2014 02/24/2015

I'll show you the results in two weeks time.

One thing I don't like is that the communication is quite scarce. I had no idea, they added the extra worker.

Cummins59

member

Activity: 66

Merit: 10

Quote from: Jonesd on February 17, 2014, 03:55:39 AM

Quote from: vga on February 16, 2014, 03:50:16 PM

I have a 100gh/s contract that started on Feb. 10. So far, after a 30% reinvestment fee and a 10% management fee, I have earned 0.0616 BTC. The total earnings if you do not subtract the fees are .1 BTC.
Thoughts?

I have a 20Gh/s contract and earned 0.014 BTC with the 30% reinvestment and 10 %management fee.

I would just keep the BTC and not reinvest. The way things are going in the BTC market, take what you can whenever you can.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: vga on February 16, 2014, 03:50:16 PM

I have a 100gh/s contract that started on Feb. 10. So far, after a 30% reinvestment fee and a 10% management fee, I have earned 0.0616 BTC. The total earnings if you do not subtract the fees are .1 BTC.
Thoughts?

I have a 20Gh/s contract and earned 0.014 BTC with the 30% reinvestment and 10 %management fee.

msc

sr. member

Activity: 284

Merit: 250

Quote from: vga on February 16, 2014, 03:50:16 PM

I have a 100gh/s contract that started on Feb. 10. So far, after a 30% reinvestment fee and a 10% management fee, I have earned 0.0616 BTC. The total earnings if you do not subtract the fees are .01 BTC.
Thoughts?

That's about right. You should be making 0.36 per month so far, but the difficulty is due for an increase shortly.

vga

newbie

Activity: 26

Merit: 0

I have a 100gh/s contract that started on Feb. 10. So far, after a 30% reinvestment fee and a 10% management fee, I have earned 0.0616 BTC. The total earnings if you do not subtract the fees are .1 BTC.
Thoughts?

Cummins59

member

Activity: 66

Merit: 10

Quote from: Jonesd on February 14, 2014, 04:34:19 PM

Quote from: Cummins59 on February 12, 2014, 07:37:30 PM

They have been paying me out .03 every 4-6 days.
So far I have been paid out .5 BTC on a January contract, so they do pay.

My contract I got at the beginning of january started on February 10. I have 0.0087 BTC now ,reinvesting 30%, so actually a little over 0.01. What amount of Ghs doe you have and did you start on January 1st?
[/quote

Jan 1, 70 GH/s

I decided not to reinvest into GH/s but to invest full proceeds elsewhere.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: Cummins59 on February 12, 2014, 07:37:30 PM

They have been paying me out .03 every 4-6 days.
So far I have been paid out .5 BTC on a January contract, so they do pay.

My contract I got at the beginning of january started on February 10. I have 0.0087 BTC now ,reinvesting 30%, so actually a little over 0.01. What amount of Ghs doe you have and did you start on January 1st?

Cummins59

member

Activity: 66

Merit: 10

They have been paying me out .03 every 4-6 days.
So far I have been paid out .5 BTC on a January contract, so they do pay.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: DPoS on February 11, 2014, 08:59:59 PM

skipping math in school is costly later in life

I'm taking the increased difficulty int account

DPoS

sr. member

Activity: 462

Merit: 250

skipping math in school is costly later in life

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: ?? on ??

I ordered a January contract for 20Gh/s in December. It didn't start until around the 15th. For me if you say "January contract" that means "January" like ALL of January, like starting January 1st. But whatever.

So far I have received 0.05485519 BTC.

Thoughts?

In three weeks you received 0.054 BTC? Are you putting something in reinvestment or is it really that low? That would mean you would maybe get like half a BTC after a year.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: ?? on ??

Hi,

After three weeks of waiting, my contract is supposed to start tomorrow. I hope I will get something out of it, but it was mostly just a bet.

Don't know about the RRD investment. It still says: "The next RRP will take place on January 31st 2014 at a cost of $15.00/Gh." , so looks kinda sketchy.

My contract has been pushed back another five days without any notice. Sad

jejejej

newbie

Activity: 5

Merit: 0

Cloudhashing has been a huge disappointment on several fronts:

1) Clear violation to contract in fulfilling promised GHs increases.
2) Failure to deliver on scheduled RRP (reinvestment of BTC into new GHs) dates repeatedly
3) It seems they are just as susceptible to the same hardware backlogs as any other user despite their claims of priority with the OEMs
4) Ridiculously poor block returns, which they repeatedly claim is normal, but from best I can tell relates to their small total THs
5) If it's not that, it's outright theft or incompetence (I'm giving them the benefit of the doubt)
6) Contacting customer service gets one nowhere - they just blame their suppliers, and make no attempt to compensate for my missing profits
7) Overall it's been a waste of BTC so far

They have lost all trust and reputation in my mind, but I get it, they're just trying to make a business in a virginal industry... if I didn't understand the risks I would be making a much bigger stink. But either way I would stay away from them - I could have bought BTC and been much farther ahead by now. They have failed to deliver and don't seem to care.

msc

sr. member

Activity: 284

Merit: 250

Quote from: Kouye on February 04, 2014, 06:27:43 PM

Looks like a ~15-16BTC loss per year. Congrats. Grin

Nah, I'll get another 2 BTC back easily.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: msc on February 04, 2014, 10:13:01 AM

Quote from: mobodick on February 04, 2014, 06:43:53 AM

Quote from: msc on January 20, 2014, 06:04:56 PM

Quote from: turbocharged on January 20, 2014, 05:52:44 PM

Cloudhashing is big FRAUD !!!!

No they're not. They're paying out.

So, how much of your investment did they pay out to you and how much is still on their accounts?

Invested 19.2 BTC, repaid 3.29, and 1.94 in RRP. I'm at 100% RRP until they add hardware, because it'll give me a significant increase in power.

I'm not saying they're perfect, or even good. I trust them to pay out the block rewards that they receive, but that's about it.

12/04/13   -0.8992
12/05/13   -3.7269
12/06/13   -3.9789
12/08/13   0.1118
12/10/13   -4.8468
12/10/13   -0.9758
12/12/13   0.26
12/15/13   0.26
12/16/13   0.2672
12/18/13   0.2529
12/24/13   0.2648
12/27/13   0.2657
01/02/14   0.2642
01/04/14   -4.7745
01/05/14   0.2636
01/11/14   0.5590
01/17/14   0.2534
01/26/14   0.27

Looks like a ~15-16BTC loss per year. Congrats. Grin

msc

sr. member

Activity: 284

Merit: 250

Quote from: mobodick on February 04, 2014, 06:43:53 AM

Quote from: msc on January 20, 2014, 06:04:56 PM

Quote from: turbocharged on January 20, 2014, 05:52:44 PM

Cloudhashing is big FRAUD !!!!

No they're not. They're paying out.

So, how much of your investment did they pay out to you and how much is still on their accounts?

Invested 19.2 BTC, repaid 3.29, and 1.94 in RRP. I'm at 100% RRP until they add hardware, because it'll give me a significant increase in power.

I'm not saying they're perfect, or even good. I trust them to pay out the block rewards that they receive, but that's about it.

12/04/13   -0.8992
12/05/13   -3.7269
12/06/13   -3.9789
12/08/13   0.1118
12/10/13   -4.8468
12/10/13   -0.9758
12/12/13   0.26
12/15/13   0.26
12/16/13   0.2672
12/18/13   0.2529
12/24/13   0.2648
12/27/13   0.2657
01/02/14   0.2642
01/04/14   -4.7745
01/05/14   0.2636
01/11/14   0.5590
01/17/14   0.2534
01/26/14   0.27

Topic: is cloudhashing.com a scam?? - page 3. (Read 46846 times)