Some existing cloud miner issues, assuming actual mining happens:
1. Selling term contracts based on hashrate and difficulty, both known to exponentially increase over time predictably, yet fail to recognise this in simple calculations.
2. Regular payouts in cycles, which don't reflect at all distribution of actual mined coins. Recipe for disaster as payouts inevitably exceed mining revenue.
3. Fixed maintenance costs, which is always vague.
Alternatives could be:
1. Selling units of power and time, so customers buy realistic costs of operating. And earn based on share of how much of the bill they foot and revenue generated from mining.
2. Transparent show of pool details, actual bitcoin generated, and profits paid out from that.
So basically, you're doing no different, and should not expect a different, bad outcome.
Topic: Red Crypto Cloud Mining (Read 126 times)
At Red Crypto, we believe that there is a better way of earning cryptocurrency. A more efficient, less bothersome way where people don’t need to worry about extra costs or location. We’re obsessively passionate about it, and our mission is to help people achieve it. We specialize in building mining facilities with the collaboration of key industry partners, and we have the know-how of creating software solutions to optimize the entire process of mining and distribution, two key factors that enable us to run a successful and profitable mining operation.
We’re excited to simplify cloud mining for everyone, and we look forward to help you achieve your goals.
Start mining today with Red Crypto https://redcrypto.io/
Join Red Crytpo Telegram channel https://t.me/redcryptomining
Follow Red Crypto Twitter https://twitter.com/RedCryptoMining
Subscribe to Red Crypto Facebook https://www.facebook.com/redcryptomining
Read Red Crypto News on Medium https://medium.com/redcrypto
Pricing
5 Year contract period
1 TH
Price – $279
Maintenance Fee (1Th/s / 24h) – $0.14
5 TH
Price – $1395
Maintenance Fee (1Th/s / 24h) – $0.14
10 TH
Price – $2790
Maintenance Fee (1Th/s / 24h) – $0.14
Contract Unit – 1 (1-10)TH/s Per Share
Earning Payment Frequency – Daily
Management Fee – 0.14$ (1Th/s/24h)
Contract Period – 5 years
Reward Calculation –
Mining rewards vary according to the bitcoin network mining difficulty.
— The stated maintenance fee includes all associated management fees and electricity fee, including mining farm maintenance, miner deployment, miner repair, personnel costs, and risk and accident mitigation.
— The mining rewards for the previous day are calculated and updated daily at 12 AM (UTC).
— Mining rewards are paid out within 12 hours after calculation.
Contract Validity –
As long as it is profitable. Start calculating mining rewards after confirming payment for a cloud mining contract.
Risk Statement –
Mining rewards vary according to the Bitcoin mining difficulty (the details of the current mining difficulty are shown on our website). As a result, RedCrypto can't guarantee any specific amount of return. We advise customers to carefully consider whether or not cloud mining is a suitable investment for them in light of their financial situation and risk tolerance.
Indefinite contract period
1 TH
Price – $79
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
5 TH
Price – $379
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
10 TH
Price – $749
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
Contract Unit – 1 (1-10)TH/s Per Share
Earning Payment Frequency – Daily
Maintenance fee – 0.19 $ (1Th/s/24h) + 5% from daily Payment (1Th/24h)
Contract Period – As long as it is profitable.
Reward Calculation –
Mining rewards vary according to the bitcoin network mining difficulty.
— The stated maintenance fee includes all associated management fees and electricity fee, including mining farm maintenance, miner deployment, miner repair, personnel costs, and risk and accident mitigation.
— The mining rewards for the previous day are calculated and updated daily at 12 AM (UTC).
— Mining rewards are paid out within 12 hours after calculation.
Contract Validity –
As long as it is profitable. Start calculating mining rewards after confirming payment for a cloud mining contract.
Risk Statement –
Mining rewards vary according to the Bitcoin mining difficulty (the details of the current mining difficulty are shown on our website). As a result, RedCrypto can't guarantee any specific amount of return. We advise customers to carefully consider whether or not cloud mining is a suitable investment for them in light of their financial situation and risk tolerance.
Join us > https://redcrypto.io
We’re excited to simplify cloud mining for everyone, and we look forward to help you achieve your goals.
Start mining today with Red Crypto https://redcrypto.io/
Join Red Crytpo Telegram channel https://t.me/redcryptomining
Follow Red Crypto Twitter https://twitter.com/RedCryptoMining
Subscribe to Red Crypto Facebook https://www.facebook.com/redcryptomining
Read Red Crypto News on Medium https://medium.com/redcrypto
Pricing
5 Year contract period
1 TH
Price – $279
Maintenance Fee (1Th/s / 24h) – $0.14
5 TH
Price – $1395
Maintenance Fee (1Th/s / 24h) – $0.14
10 TH
Price – $2790
Maintenance Fee (1Th/s / 24h) – $0.14
Contract Unit – 1 (1-10)TH/s Per Share
Earning Payment Frequency – Daily
Management Fee – 0.14$ (1Th/s/24h)
Contract Period – 5 years
Reward Calculation –
Mining rewards vary according to the bitcoin network mining difficulty.
— The stated maintenance fee includes all associated management fees and electricity fee, including mining farm maintenance, miner deployment, miner repair, personnel costs, and risk and accident mitigation.
— The mining rewards for the previous day are calculated and updated daily at 12 AM (UTC).
— Mining rewards are paid out within 12 hours after calculation.
Contract Validity –
As long as it is profitable. Start calculating mining rewards after confirming payment for a cloud mining contract.
Risk Statement –
Mining rewards vary according to the Bitcoin mining difficulty (the details of the current mining difficulty are shown on our website). As a result, RedCrypto can't guarantee any specific amount of return. We advise customers to carefully consider whether or not cloud mining is a suitable investment for them in light of their financial situation and risk tolerance.
Indefinite contract period
1 TH
Price – $79
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
5 TH
Price – $379
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
10 TH
Price – $749
Maintenance Fee (1Th/s / 24h) – $0.19 + 5%
Contract Unit – 1 (1-10)TH/s Per Share
Earning Payment Frequency – Daily
Maintenance fee – 0.19 $ (1Th/s/24h) + 5% from daily Payment (1Th/24h)
Contract Period – As long as it is profitable.
Reward Calculation –
Mining rewards vary according to the bitcoin network mining difficulty.
— The stated maintenance fee includes all associated management fees and electricity fee, including mining farm maintenance, miner deployment, miner repair, personnel costs, and risk and accident mitigation.
— The mining rewards for the previous day are calculated and updated daily at 12 AM (UTC).
— Mining rewards are paid out within 12 hours after calculation.
Contract Validity –
As long as it is profitable. Start calculating mining rewards after confirming payment for a cloud mining contract.
Risk Statement –
Mining rewards vary according to the Bitcoin mining difficulty (the details of the current mining difficulty are shown on our website). As a result, RedCrypto can't guarantee any specific amount of return. We advise customers to carefully consider whether or not cloud mining is a suitable investment for them in light of their financial situation and risk tolerance.
Join us > https://redcrypto.io
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