The best place at the moment is LTCGear with the offer in my signature, GAW is also OK, but will take longer to ROI.
I have 100mh and 100gh with GAW, I expect ROI 3-4 months.
And I just bought LTCGear ROI with the offer expected in 1 and a half months.
Topic: list / cheapest places to buy cloud mining (Read 5477 times)
PB is currently at 0.0024 GH for a 5 Year contract
I Know of Pb mining but im not sure What the rates Are I guess they changes since i last looked 
Our prices are competitive with them.
The market is very hard now however I think that cloudhashing may be profitable once CEX plugs off their massive unproductive mining operation. Then the diff drops
The market is very hard now however I think that cloudhashing may be profitable once CEX plugs off their massive unproductive mining operation. Then the diff drops
Check genesis mining, they are cheaper than gaw
Posted From bitcointalk.org Android App
Posted From bitcointalk.org Android App
The thing that bothers me about cloud mining is none that I've visited have a system whereby the mined or earned coins are sent automatically to an external address.
you always seem to have to log on and send out the coins you have accrued.
Actually, that's not true, PB Mining have that inbuilt.
Ideally, I think, with cloud mining, I'd prefer not to haver to keep logging in every few days to redeem my coins, surely it would be better to at least have the option to have them sent to your Mobile phone wallet / Brain or other wallet automatically.
I suppose though if enough people sign up to these cloud mining services, then one or two of them are going to forget about their cloudmining or be killed in some freak accident or just die and that way, the cloud mining company gets to keep the coins generated by the unfortunate investor.
Or am I just being a little bit too cynical.
It would be Great to have a facility on some of these cloud mining services where you can specify, I'd like 25% re-invested into more Hash power and send the other 75% to my mobile phone BTC / LTC address.
That way, I can just forget about it all.
Surely such a service would be quite attractive.
you always seem to have to log on and send out the coins you have accrued.
Actually, that's not true, PB Mining have that inbuilt.
Ideally, I think, with cloud mining, I'd prefer not to haver to keep logging in every few days to redeem my coins, surely it would be better to at least have the option to have them sent to your Mobile phone wallet / Brain or other wallet automatically.
I suppose though if enough people sign up to these cloud mining services, then one or two of them are going to forget about their cloudmining or be killed in some freak accident or just die and that way, the cloud mining company gets to keep the coins generated by the unfortunate investor.
Or am I just being a little bit too cynical.
It would be Great to have a facility on some of these cloud mining services where you can specify, I'd like 25% re-invested into more Hash power and send the other 75% to my mobile phone BTC / LTC address.
That way, I can just forget about it all.
Surely such a service would be quite attractive.
Quote
Sorry I haven't gotten back to this thread in a few days. Firstly, thank you for responding. Let me address your comments below:
1 and 2) Telling me you have 3TH/s is not the same as showing actual proof that you have the hardware to back it up. While topless photos of beautiful women are always a nice distraction, and topless women posing in front of mining hardware would be an excellent marketing strategy, neither provides actual proof of the existence of your hardware. For example, I mine on p2pool and run my own node. Currently because I'm traveling for work, my hardware is pointed to http://www.coincadence.com. You can clearly see my stats here: http://minefast.coincadence.com/miner.php?id=1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9. I can post photos of my 8 Antminer S3s as well. This is the kind of evidence we'd like to see.
3) You've got some silver. Thanks for providing the link to the Facebook profile showing it.
4) It sounds like your fees are variable depending on market rates (how the Zloty is doing, etc). Would it make more sense to charge fees in BTC rather than fiat (PLN, USD, EUR, etc)? Your quote of $0.11 per GH/s per month translates into $110 per TH/s per month, which is just about $0.15 per kWh electricity costs assuming your hardware is 1W/GH/s. Obviously this goes back to point 1 - without knowing what kind of hardware you're running it's tough to determine if that's a fair fee structure.
5)If it's only a satoshi here and there, then make the rounding policy consistent. Either always round up, or always round down. Stating that you're rounding up if it's in your favor, but rounding down if it's in the customer's favor is what is referred to here in the US as "Nickel and Diming". It's a relatively meaningless amount, but you're trying to squeeze every last little bit from the customer.
6) I wasn't speculating on whether or not cloud mining in general is profitable. I was asking you to show an example of how YOUR service might provide a positive ROI for the customer.
Thanks for taking the time to answer.
1 and 2) Telling me you have 3TH/s is not the same as showing actual proof that you have the hardware to back it up. While topless photos of beautiful women are always a nice distraction, and topless women posing in front of mining hardware would be an excellent marketing strategy, neither provides actual proof of the existence of your hardware. For example, I mine on p2pool and run my own node. Currently because I'm traveling for work, my hardware is pointed to http://www.coincadence.com. You can clearly see my stats here: http://minefast.coincadence.com/miner.php?id=1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9. I can post photos of my 8 Antminer S3s as well. This is the kind of evidence we'd like to see.
3) You've got some silver. Thanks for providing the link to the Facebook profile showing it.
4) It sounds like your fees are variable depending on market rates (how the Zloty is doing, etc). Would it make more sense to charge fees in BTC rather than fiat (PLN, USD, EUR, etc)? Your quote of $0.11 per GH/s per month translates into $110 per TH/s per month, which is just about $0.15 per kWh electricity costs assuming your hardware is 1W/GH/s. Obviously this goes back to point 1 - without knowing what kind of hardware you're running it's tough to determine if that's a fair fee structure.
5)If it's only a satoshi here and there, then make the rounding policy consistent. Either always round up, or always round down. Stating that you're rounding up if it's in your favor, but rounding down if it's in the customer's favor is what is referred to here in the US as "Nickel and Diming". It's a relatively meaningless amount, but you're trying to squeeze every last little bit from the customer.
6) I wasn't speculating on whether or not cloud mining in general is profitable. I was asking you to show an example of how YOUR service might provide a positive ROI for the customer.
Thanks for taking the time to answer.
re: 1&2
I am happy to show you the hashrate anytime. Again I repeat should this be the amount added to the system that is actually 3TH/s or more? I am aware that we will be scrutinized by the community so at some stage we will provide a link corresponding to the amount of hashing power on the platform. BTW I have posted the pics of the Jupiters and Neptics on the main thread here, I still await for the photos from my Chinese DC with our logo. And yes I am aware of the marketing potential of tits! I am not sure if this can be arranged at this short notice however. Apart from KnC we use T1 Dragons. Anyway I still wait for the response
re: 3
signed off
re: 4
the fees are in PLN for the reasons I have also explained. It is a temporary solution, the problem is that for the next couple of weeks probably monthe the developers are doing their own projects and work. It is almost not possible to ask them to change it now. But actually I do not see any problem as you correctly pointed out it is $110 per TH/s. If you read T&C you will learn that maintenance fees will be reviewed quarterly and will be then reduced (we have never stated we would ever rise them, we would not). In practice we will be reducing them more often we hope. First one will take place in a couple of days but do not expect any big price slash, it will be one digit %.
re: 5
Imagine that someone is buying 1,000GH/s in 1,000 separate transactions and pays less one satoshi. We could be robbed easily this way. We are not going to change this and I am not going to discuss it any further. You can either accept the rules as they are or do much better business somewhere else.
re: 6
Positive ROI... now you've pinned me down
For now we have much lower prices than a platform we are competing with and lower maintenance fees. We also provide silver backup which is a decent incentive. Actually our product is then much more attractive than their shares which leads to an assumption that it should be priced higher. What we are missing at this stage is the liquidity and goodwill on the market which translates basically to a few k of users. If someone is thinking the same way he would assume that the shares offered now have to go up provided we will be able to attract the new users. So ROI wise I can only say that we have a much better product which is innovative and should reach higher prices than our competition. This is the logic behind our reasoning. And since the market decides of the prices this would lead to ROI for early buyers as long as they buy for the lower prices than offerd elswhere. Discussing ROI purely from mining on your own hardware or from buying cloud hashing contracts is another story which I am not going to tell. Why 1 GH/s costs today some 0.0038 on another platform?? Because someone is ready to pay that amount. Would we be able to find buyers for my GH/s for the same prices or even higher than there? I do believe so.
But again I am not an advisor so everyone has to make the decision on their own. If you have doubts-better go and buy BTC for fiat. We are just trying to provide you with a better product than the rest of the crowd and the best level of support we can.
Yo! Wow....
You're challenging me
Ok.
I like challenges.
1)Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
&
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
For now the total amount of GH/s ON SALE/SOLD on the platform is 3TH/s. I understand that it is sufficient for you as a proof? Or Shall I double it? Can I set-up entirely new account for it?
These photos you're asking will not be involving our Chinese operations unless I will be able to provide you with a photo of a nice Asian chick with our logo. But not topless, oh no! Seriously it does depend on me, I will ask our Chinese counterparts for a favour. I will post some pics tomorrow however.
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
https://www.facebook.com/kryptologika?ref_type=bookmark
Can we get some likes please??
The photo is a couple of weeks old. I will provide you with another one after 18/08 as I am on my holidays now far far away. Most of the silver is in Merrion Vaults. I do not think I can take photos inside there but I will try to make an extra mile for the better marketing
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
The fees structure is in PLN, this is because our mining operation has been based in Poland. It is a kind of a relic from the past times. We have calculated it in PLN to unify the costs. This is just a technical however the maintenance cots are in zloty, the exchange variations have minimal or no impact. I think you can take $0.11 per GH/s per month. And I can assure you we see some more room to reduce them on the horizon. It all depends on the volume of the sale, better hosting options etc. I am sure that $0.11 can be taken for guaranteed on today's date. It looks like we will have to replace the fees in dollars across the board...
Average price per block means average PLN/BTC exchange rate during the process of solving the block. Say a block was solved 12.00 - 12.05. During that time BTC/PLN price has an average which is needed to charge fees. We tried to make it as transparent as possible but of course it is a bit complex, thank you for asking.
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
This is only up/down to 1 satoshi. What is shady about it? Yea I agree perhaps it is not user friendly.... but it has to stay this way. I am not going to elaborate on this for obvious reasons. Once 1 BTC is worth 100,000 it may matter, now it does not.
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
This is a kind of an academic discussion is mining a profitable business? Is it worth investing? I cannot give any kind of advice to anyone. All I can tell is that in some moments in time/difficulty continuity (another dimension than time space) it might be profitable to mine BTC, it might be profitable to get rid of the hashes at some stage. We are trying to set up an alternative to all cloud hashing offers we came across. It is just someone's personal decision whether to invest or not.
I wait for further instructions what hashrate shall I show.
Sorry I haven't gotten back to this thread in a few days. Firstly, thank you for responding. Let me address your comments below:You're challenging me
Ok.
I like challenges.
1)Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
&
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
For now the total amount of GH/s ON SALE/SOLD on the platform is 3TH/s. I understand that it is sufficient for you as a proof? Or Shall I double it? Can I set-up entirely new account for it?
These photos you're asking will not be involving our Chinese operations unless I will be able to provide you with a photo of a nice Asian chick with our logo. But not topless, oh no! Seriously it does depend on me, I will ask our Chinese counterparts for a favour. I will post some pics tomorrow however.
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
https://www.facebook.com/kryptologika?ref_type=bookmark
Can we get some likes please??
The photo is a couple of weeks old. I will provide you with another one after 18/08 as I am on my holidays now far far away. Most of the silver is in Merrion Vaults. I do not think I can take photos inside there but I will try to make an extra mile for the better marketing
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
The fees structure is in PLN, this is because our mining operation has been based in Poland. It is a kind of a relic from the past times. We have calculated it in PLN to unify the costs. This is just a technical however the maintenance cots are in zloty, the exchange variations have minimal or no impact. I think you can take $0.11 per GH/s per month. And I can assure you we see some more room to reduce them on the horizon. It all depends on the volume of the sale, better hosting options etc. I am sure that $0.11 can be taken for guaranteed on today's date. It looks like we will have to replace the fees in dollars across the board...
Average price per block means average PLN/BTC exchange rate during the process of solving the block. Say a block was solved 12.00 - 12.05. During that time BTC/PLN price has an average which is needed to charge fees. We tried to make it as transparent as possible but of course it is a bit complex, thank you for asking.
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
This is only up/down to 1 satoshi. What is shady about it? Yea I agree perhaps it is not user friendly.... but it has to stay this way. I am not going to elaborate on this for obvious reasons. Once 1 BTC is worth 100,000 it may matter, now it does not.
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
This is a kind of an academic discussion is mining a profitable business? Is it worth investing? I cannot give any kind of advice to anyone. All I can tell is that in some moments in time/difficulty continuity (another dimension than time space) it might be profitable to mine BTC, it might be profitable to get rid of the hashes at some stage. We are trying to set up an alternative to all cloud hashing offers we came across. It is just someone's personal decision whether to invest or not.
I wait for further instructions what hashrate shall I show.
1 and 2) Telling me you have 3TH/s is not the same as showing actual proof that you have the hardware to back it up. While topless photos of beautiful women are always a nice distraction, and topless women posing in front of mining hardware would be an excellent marketing strategy, neither provides actual proof of the existence of your hardware. For example, I mine on p2pool and run my own node. Currently because I'm traveling for work, my hardware is pointed to http://www.coincadence.com. You can clearly see my stats here: http://minefast.coincadence.com/miner.php?id=1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9. I can post photos of my 8 Antminer S3s as well. This is the kind of evidence we'd like to see.
3) You've got some silver. Thanks for providing the link to the Facebook profile showing it.
4) It sounds like your fees are variable depending on market rates (how the Zloty is doing, etc). Would it make more sense to charge fees in BTC rather than fiat (PLN, USD, EUR, etc)? Your quote of $0.11 per GH/s per month translates into $110 per TH/s per month, which is just about $0.15 per kWh electricity costs assuming your hardware is 1W/GH/s. Obviously this goes back to point 1 - without knowing what kind of hardware you're running it's tough to determine if that's a fair fee structure.
5)If it's only a satoshi here and there, then make the rounding policy consistent. Either always round up, or always round down. Stating that you're rounding up if it's in your favor, but rounding down if it's in the customer's favor is what is referred to here in the US as "Nickel and Diming". It's a relatively meaningless amount, but you're trying to squeeze every last little bit from the customer.
6) I wasn't speculating on whether or not cloud mining in general is profitable. I was asking you to show an example of how YOUR service might provide a positive ROI for the customer.
Thanks for taking the time to answer.
At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.
selling the coins whens high and not trading daily. a little bit of speculating for a higher price bring you the profit
Basically our target group are the people who invest in CEX. We offer lower prices (as long as the market allows), lower maintenance fees and silver protective shield
. We believe that at some stage they will be switching to kryptologika it is just a matter of time. We are working hard on the marketing front now. All I can say that we have very few users and very low prices. Our current prices for cloud mining on NinjaCloud during the closed beta period:
AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month - 336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).
Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.
AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month - 336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).
Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.
https://bitcointalksearch.org/topic/ninja-ninjacloud-bitcoin-mining-cloud-beta-715299
He makes it sounds like Bitmain backs his zero downtime SLA. But me thinks hes just getting quick replacement parts big buyers get. He does not prove claim that sounded like partners.
Alsos he made a lease sound like a group buys. He said buy when at end of lease he keeps S3! Worded trickys.
Watch out with dealing with ninjas!!
At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.
selling the coins whens high and not trading daily. a little bit of speculating for a higher price bring you the profit
At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.
Antminer S3, it seems cheapest mining hardware in the world.
Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.
Lets calculate the how much it costs..
0.68 BTC for 441 GHS.
340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh
0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost
PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs
TOTAL COST IN ONE YEAR
0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc
I searched a lot try to find cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years..hardware mining is useless at the moment. I made roi in 4.5 months, and buying more contracts..
Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.
Lets calculate the how much it costs..
0.68 BTC for 441 GHS.
340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh
0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost
PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs
TOTAL COST IN ONE YEAR
0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc
I searched a lot try to find cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years..hardware mining is useless at the moment. I made roi in 4.5 months, and buying more contracts..
Our current prices for cloud mining on NinjaCloud during the closed beta period:
AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month - 336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).
Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.
AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month - 336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).
Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.
https://bitcointalksearch.org/topic/m.8329115
The pisc are in our main thread. We still await response from our Chinese counterparts.
What about showing the hashrate? Is it Ok if we show say 3TH/s that is currently at kryptologika?
The pisc are in our main thread. We still await response from our Chinese counterparts.
What about showing the hashrate? Is it Ok if we show say 3TH/s that is currently at kryptologika?
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier
Now there are much better opportunities of hosting cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...
Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.
Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.
I am happy to respond to any queries.
The official thread:
https://bitcointalksearch.org/topic/m.8281507
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
I agree with jonny here. Show us something like that and I might even be interested in investing.
Yo! Wow....
You're challenging me
Ok.
I like challenges.
1)Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
&
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
For now the total amount of GH/s ON SALE/SOLD on the platform is 3TH/s. I understand that it is sufficient for you as a proof? Or Shall I double it? Can I set-up entirely new account for it?
These photos you're asking will not be involving our Chinese operations unless I will be able to provide you with a photo of a nice Asian chick with our logo. But not topless, oh no! Seriously it does depend on me, I will ask our Chinese counterparts for a favour. I will post some pics tomorrow however.
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
https://www.facebook.com/kryptologika?ref_type=bookmark
Can we get some likes please??
The photo is a couple of weeks old. I will provide you with another one after 18/08 as I am on my holidays now far far away. Most of the silver is in Merrion Vaults. I do not think I can take photos inside there but I will try to make an extra mile for the better marketing
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
The fees structure is in PLN, this is because our mining operation has been based in Poland. It is a kind of a relic from the past times. We have calculated it in PLN to unify the costs. This is just a technical however the maintenance cots are in zloty, the exchange variations have minimal or no impact. I think you can take $0.11 per GH/s per month. And I can assure you we see some more room to reduce them on the horizon. It all depends on the volume of the sale, better hosting options etc. I am sure that $0.11 can be taken for guaranteed on today's date. It looks like we will have to replace the fees in dollars across the board...
Average price per block means average PLN/BTC exchange rate during the process of solving the block. Say a block was solved 12.00 - 12.05. During that time BTC/PLN price has an average which is needed to charge fees. We tried to make it as transparent as possible but of course it is a bit complex, thank you for asking.
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
This is only up/down to 1 satoshi. What is shady about it? Yea I agree perhaps it is not user friendly.... but it has to stay this way. I am not going to elaborate on this for obvious reasons. Once 1 BTC is worth 100,000 it may matter, now it does not.
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
This is a kind of an academic discussion is mining a profitable business? Is it worth investing? I cannot give any kind of advice to anyone. All I can tell is that in some moments in time/difficulty continuity (another dimension than time space) it might be profitable to mine BTC, it might be profitable to get rid of the hashes at some stage. We are trying to set up an alternative to all cloud hashing offers we came across. It is just someone's personal decision whether to invest or not.
I wait for further instructions what hashrate shall I show.
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier
Now there are much better opportunities of hosting cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...
Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.
Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.
I am happy to respond to any queries.
The official thread:
https://bitcointalksearch.org/topic/m.8281507
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
I agree with jonny here. Show us something like that and I might even be interested in investing.
did u look at https://www.nicehash.com/index.jsp and https://www.miningrigrentals.com/ ?
they both provide mining at ur own pool.i tested both with renting/mining and everything was ok so far
they both provide mining at ur own pool.i tested both with renting/mining and everything was ok so far
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier
Now there are much better opportunities of hosting cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...
Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.
Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.
I am happy to respond to any queries.
The official thread:
https://bitcointalksearch.org/topic/m.8281507
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining. For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver. Well... show me the money. Show me this stockpile of silver you have. Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates. You list in PLN - does this fee change as the value of PLN changes? Also, you list a formula for calculating fees that includes "average price per block". What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment. You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud mining provider out there that has come out and said you actually want to make money, too.
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier
Now there are much better opportunities of hosting cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...
Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.
Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.
I am happy to respond to any queries.
The official thread:
https://bitcointalksearch.org/topic/m.8281507
Have a look at http://cryptoverse.org/cloudmining/ for a list of cloud mining providers.
I think you could just do this right here on bitcointalk. If you want to sell your jalapenos hashpower for BTC just make a thread.
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"
Before people invest into cloudmining they should research:
-Pirate@40
-Hashking
-Zhoutong
-GLBSE
-TradeFortress
-MtGox collapse
-bASIC, Hashfast, BFL
None of these lovely people have gone to jail for their lovely thefts and scams. If your cloudmining company runs off with you 10BTC contract who is going to get your money back for you?
-Pirate@40
-Hashking
-Zhoutong
-GLBSE
-TradeFortress
-MtGox collapse
-bASIC, Hashfast, BFL
None of these lovely people have gone to jail for their lovely thefts and scams. If your cloudmining company runs off with you 10BTC contract who is going to get your money back for you?
PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.
Oh good... another shill account promoting the wonders of pbmining. Here's something for you to consider: PBMining is a nothing more than a Ponzi scheme. They have not proven they actually mine anything at all. Payouts are exactly "expected" earnings. Payouts are sent through mixing services.PB mining lacks transparency, if you lose the money you won't even know in what country to look.
kryptologika.com -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.
PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.
Oh good... another shill account promoting the wonders of pbmining. Here's something for you to consider: PBMining is a nothing more than a Ponzi scheme. They have not proven they actually mine anything at all. Payouts are exactly "expected" earnings. Payouts are sent through mixing services. 
PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.
I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases. The only person benefiting from this is the mining company.
which is why if you are looking for a cloud deal ----- you own the gear----
gawminers.com
is the best especially true if you are paying more then 11 cents a kwatt. no one beats what they offer. for scrypt or btc
order with a cc
hashing within a day
free use of a psu
and about 10 cents a kwatt to mine your gear..
first month of hosting is free. and you can have the gear shipped back to you after the free hosting ends.
I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases. The only person benefiting from this is the mining company.
which is why if you are looking for a cloud deal ----- you own the gear----
gawminers.com
is the best especially true if you are paying more then 11 cents a kwatt. no one beats what they offer. for scrypt or btc
order with a cc
hashing within a day
free use of a psu
and about 10 cents a kwatt to mine your gear..
first month of hosting is free. and you can have the gear shipped back to you after the free hosting ends.
I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases. The only person benefiting from this is the mining company.
I have started a 440 GH/S 12 mth cloud contract with https://www.nimbusmining.com/ since july 2014 for the purpose of manufactured spending on my credit card.
They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool
So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.
So there actually is a cloud mining provider that allows you to use whatever pool you want. Their recommendation of using eclipse is just awful, though. They state, "a reasonable 5% fee". Who are they kidding? 5%? Thanks, but no. Also, the prices they are charging guarantee you'll never see profit. 5TH/s is $27,650. Yikes. That's just plain highway robbery and further proves my point that cloud mining exists to make the service provider the profit, not you. What were you thinking paying that kind of price (500GH/s for $2750)They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool
So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.
One single Antminer S3 can get your 500GH/s and costs you about $400. Add in a PSU for another $100. Unless you're paying $0.75 per kWh there's no way you're spending $2250 a year in electricity costs to make up the difference this company is charging.
I have started a 440 GH/S 12 mth cloud contract with https://www.nimbusmining.com/ since july 2014 for the purpose of manufactured spending on my credit card.
They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool
So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.
They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool
So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.
Yes kinda. But I want to own the ghz and not rent it
So you want to trade in your miners for credit on cloud mining? Depending on how many you have, I might take you up on that offer.
I would want to point my rigs at any pool I want though...
PBmining has no proof, that they are mining. Most people see it as a Ponzi, but until proof are given, I would stay away, even if they cheaper than the rest.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
Agree, although pbmining is cheapest in terms of gh/s but beware....
If something looks too good to be true, it usually is. I have no proof but what the heck are they doing offering it so cheaply? It's like the Chinese trying to dump steel or solar energy products and undercut the market to get the competition out. Sorry for picking the Chinese, they're doing it now but other countries did it in the past, then you jack prices up and you control the market.
Check my sig for good and honest rates, I've even seen them give refunds when people aren't happy when I think the customer doesn't even deserve a refund.
Yes kinda. But I want to own the ghz and not rent it
So you want to trade in your miners for credit on cloud mining? Depending on how many you have, I might take you up on that offer.
I would want to point my rigs at any pool I want though...
no one offers a better deal then gawminers. you own the gear they host it. you can buy in with a cc.
see my thread on them.
https://bitcointalk.org/index.php?topic=698679.0;all
see my thread on them.
https://bitcointalk.org/index.php?topic=698679.0;all
PBmining has no proof, that they are mining. Most people see it as a Ponzi, but until proof are given, I would stay away, even if they cheaper than the rest.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
Agree, although pbmining is cheapest in terms of gh/s but beware....
PBmining has no proof, that they are mining. Most people see it as a Ponzi, but until proof are given, I would stay away, even if they cheaper than the rest.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
If you only going to break even after 9 to 10 months, it would be better to look at companies with a good reputation and track record.
Cheaper is not always the best indicator that you getting value for money.
Take it for what it's worth, but the company in my signature (bottom of post) says that one reason they got into cloud mining is so that GHash doesn't get the capability to 51% the network, and other cloud mining sites seem a little "too good to be true." The cost and then fees are laid out for you on the site so there are no "surprises."
Since each ASIC company that was a vendor in the last year is now operating its farm, GHash is becoming less and less of a threat and may not have the means to get there.
Take it for what it's worth, but the company in my signature (bottom of post) says that one reason they got into cloud mining is so that GHash doesn't get the capability to 51% the network, and other cloud mining sites seem a little "too good to be true." The cost and then fees are laid out for you on the site so there are no "surprises."
Although there maybe some great places to find cloud mining offers,
I believe a good majority of them have some hefty fees.
You could try renting a rig but the profitability is extremely low for obvious reasons
Rig leasers need to make money too
I think you might want to correct that last statement to read, "...profitability is nonexistent...".I believe a good majority of them have some hefty fees.
You could try renting a rig but the profitability is extremely low for obvious reasons
Rig leasers need to make money too
Company X will not rent you a rig for less than they'd make keeping the coins it can mine in the same timeframe. For example, if a rig is expected to make 1BTC a week, a company is not going to rent you that machine (one that they are maintaining, paying costs for, etc) for less than that 1BTC. The only exception I could think of would be a "try before you buy" kind of promotion. Some of the cloud mining providers did the same sort of thing by offering up small GH/s contracts for free... or giving them away in contests.
Although there maybe some great places to find cloud mining offers,
I believe a good majority of them have some hefty fees.
You could try renting a rig but the profitability is extremely low for obvious reasons
Rig leasers need to make money too
I believe a good majority of them have some hefty fees.
You could try renting a rig but the profitability is extremely low for obvious reasons
Rig leasers need to make money too
Yes kinda. But I want to own the ghz and not rent it
So you want to trade in your miners for credit on cloud mining? Depending on how many you have, I might take you up on that offer.
check my review of a few: http://fuk.io/cloud-hashing-and-rig-renting-services-review/
I was in Cex.io but it's a watle of time and a money loose. I'm on PBMining now for no fees and cheap GH/s
Yes kinda. But I want to own the ghz and not rent it
So you might want to look at nicehash.com or leaserig.net to point to their pool and sell off your gh/s. I think that's what are asking(?), but not 100% sure.
but I want to point to another SHA 256 coin... there must be a site that does this?
Nope, not that I'm aware of.
But really, most alt-SHA coins are a waste of time. They may be more profitable than BTC but only very briefly. The multipools don't really have that much of an advantage anymore. My advice... mine the original, forget the pretenders.
thats crazy... maybe a niche someone should develop
I have contracts with PBMining and Lunamine. Lunamine is a little bit cheaper than PBMining but you also pay hosting fees. Neither allows you to mine at a pool of your own choice.
but I want to point to another SHA 256 coin... there must be a site that does this?
I am looking to sell my jalapeños (offers welcome) for cloud mining. I looked into CEX.IO but i don't believe you can make them mine for another pool
is there anywhere you can buy check GHz but point to pools of my choice?
thanks
I don't know of any cloud mining provider that will allow you to purchase some GH/s and point them to whatever pool you want.is there anywhere you can buy check GHz but point to pools of my choice?
thanks
That's besides the point, though. Cloud mining exists to make the companies who provide the service a profit - not you.
I am looking to sell my jalapeños (offers welcome) for cloud mining. I looked into CEX.IO but i don't believe you can make them mine for another pool
is there anywhere you can buy check GHz but point to pools of my choice?
thanks
is there anywhere you can buy check GHz but point to pools of my choice?
thanks
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