Topic: Knights of the Satoshi - Cloud Mining BTC & LTC (Read 1553 times)

Okay. Checking the website now  .
Kindly,
        Muhammed Zakhir

Due to the nature of this business model we have chosen to keep the packages simple by offering three different levels. We are a gateway for those with fiat to get involved in crypto currencies but with that comes the risks associated with fiat payments so we try to keep things simple for us and the banks.

We have launched another company within the NXT community called nXtGen Mining which can be found at

http://nxtmining.com

This will allow those with crypto currency already to get involved in a new decentralized asset exchange where they can buy/sell GHS and KHS for NXT. Through this platform we allow you to purchase as little as 1 GHS but currently all dividend payouts are in NXT.

We have chosen to offer two separate business models to tailor to both markets. I appreciate your feedback and will look at ways to improve. Currently we feel that we offer some of the most competitive prices in the market and have many options to chose from.

For better sales you should put an option to buy 10 Gh/s and above. Otherwise it will be a little hard to afford by new miners.
Kindly,
        Muhammed Zakhir

I have just reviewed the Scrypt mining plans

Please see http://knightsofthesatoshi.com/mining-plans for more details

Hi Sojic,

I do appreciate you bringing this up. One of the things I always mention is that mining is a long term gain. By investing in mining you are investing in the technology which supports the network. When you support the network you are helping to keep the network decentralized and as a result are rewarded for these efforts.

A concern I have, as this technology continues to advance it will become harder for the average user to be able to get involved. I hope to keep mining decentralized by offering users an option to get involved in mining.

I will continuously try to remain as competitive as possible. There are a lot of hidden costs to mining which most forget to take into account. I'm reviewing the scrypt mining contracts this week. I just got back from the Bitcoin Expo in Toronto this weekend and may have a lead.

I can also offer mining contracts for Sept - Oct 2014 at a significant discount. I know how much I hated pre orders myself and have been trying to offer mining as soon as possible with guaranteed up times.

Would you guys prefer more options as far as mining start date?

As far as the Bitcoin price that could be a good topic. I'm sure there is a couple out there. My 2 cents I believe in Bitcoin and other Cryptos and have dedicated my life to nothing but building business around it.

I wanted to defend the network and in turn my investment by helping to keep the network decentralized. I came out with the idea in January after the almost 51% attack, I realized that I'm only one person. One thing I always say is one person can't do everything but everyone can do something. If we combine our efforts together no matter how big or small we can all make a contribution to help support the network.

Do I have all the answers today, unfortunately no. What I can tell you is I hope to use this as a vehicle to help support the crypto networks and keep them decentralized. Cloud mining is only one way to do that. I'm working on some others ideas. Cloud mining is not for everyone but for some it's a great option to get involved and support the network.

I'm always open to feedback and appreciate your post

GQM

It seams the price is very high.

1Mh/s LTC = $999 per year

Currently mining with 1MH/s (if the difficulty doesn't raise) mine about 63LTC per year (about $643 at this moment) http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1000.00&p=0&pc=0&pf=0.00&d=5808.74098238&r=50.00000000&er=0.02535000&btcer=401.70000000&hc=0.00

The BTC price might go up, but I do not think so (it is another topic).

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