Topic: www.lunamine.com - 0.0025 BTC/GHs mining contracts | On-demand withdrawals - page 21. (Read 41417 times)
July 26, 2014, 07:14:52 PM
It would be great if you post the actual mining hash rate somewhere in the website.. I'm about to buy another 100gh/s order but i should get a rebate because i paid $10 more in the 1st one xD
July 26, 2014, 05:49:21 PM
Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
Thanks!
Important to note that we mine until it is no longer profitable meaning until the mined coins don't cover the costs which are $0.0032. The costs are variable and will go down, so there is no set time when the mining stops - it can go quite long, depends on the technological advancements (efficiency of hardware we will acquire/develop in future).
July 26, 2014, 12:22:26 AM
Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
July 25, 2014, 09:20:34 PM
i just sent you the BTCs to start a 100GHs contract.. lets see how this system works out 
.
minutes after i sent you the coins you decrease the cost of the contracts
.minutes after i sent you the coins you decrease the cost of the contracts
July 25, 2014, 12:36:18 PM
It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
So you're saying when you buy a contract you can assume the fee will be lowered. Is this a one time lowering of the fee or do you anticipate with advancements there could be multiple rounds of lowering the fee?
That is both because of new hardware and a better deal on energy supply. Currently we are sitting at a very standard discount on electricity that most regular businesses get. However, our city Luleå supports data centers and all the tech businesses and we are in final talks of a higher discount. Close to that what Facebook's data center is getting (Facebook built their first data center in Europe in Luleå and currently they are building their third one in Europe, also in our city Luleå.
July 25, 2014, 12:30:27 PM
i have for several days same number of mined btc, is there any trouble?
Let me know your account email here, in PM or by email. I will check this case to see why is that. There's no trouble and as far as I know - we have no other reports of such issue.
July 25, 2014, 02:07:17 AM
Well logical thing is that they are anticipating better hardware - like spoondolines tech 6Th/s miner which drains only 2500W. Even S3 has pretty nice ratio about 0.9W/Gh/s, so as long as the fee reflects power consumption, it will get lowered
July 24, 2014, 04:38:55 PM
It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
So you're saying when you buy a contract you can assume the fee will be lowered. Is this a one time lowering of the fee or do you anticipate with advancements there could be multiple rounds of lowering the fee?
July 24, 2014, 01:39:24 PM
Meaning that contracts will "work" until we hit around 100B difficulty? or are you going to lower fee?
Important is that they run until they are no longer profitable (i.e. your income is 0)
July 24, 2014, 12:59:10 PM
i have for several days same number of mined btc, is there any trouble?
July 24, 2014, 11:30:50 AM
It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.
July 23, 2014, 05:24:45 AM
Meaning that contracts will "work" until we hit around 100B difficulty? or are you going to lower fee?
July 22, 2014, 02:51:34 AM
And what does Lifetime validity mean ? does that mean the contract is forever 
No, contracts are run until they are no longer profitable meaning until mined bitcoins don't cover the electricity & maintenance costs ($0.0032 per GH/s a day).
July 22, 2014, 02:13:39 AM
Actually, i want to invest my BTC at lunamine.com
too bad i don't have much BTC. So i invest on other cloud mining
How about you release 10 GH/s at $17 or 25 GH/s at $41
i think it's useful for people like me
And what does Lifetime validity mean ? does that mean the contract is forever
too bad i don't have much BTC. So i invest on other cloud mining
How about you release 10 GH/s at $17 or 25 GH/s at $41
i think it's useful for people like me
And what does Lifetime validity mean ? does that mean the contract is forever
July 21, 2014, 08:24:26 PM
Yeah, starting from 100 GH/s for new customers.
July 21, 2014, 05:23:30 PM
I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is? I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take? I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that? Thanks.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%
Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent?
You will break even if the average increase until you break even is less than 17.25%
Last increase was only 3% but this next will probably be around 17%. (my guess)
A week ago I calculated this years average difficulty increase and it was 18%. Anyway, we are almost ready to lower the maintenance fee to about $0.002 - $0.0025 per day per GH/s depending on a few variables. This should have a noticeably positive effect on ROI. These changes will also be effective for all contracts, regardless of date of purchase.
Wow you mean you're going to actually make people who already bought a contract pay less? See that's the responsive and honest stuff you don't expect from a Bitcoin business.
To answer the previous poster, it looks like it's in 100 Gh/s increments. So you can buy more than 1 contract at a time. 100 looks like the minimum.
July 21, 2014, 10:53:23 AM
@lunamine
question:do you have only big contracts not little as 1 ghs or do you only have big contracts that cost 0.25BTC and up ?
question:do you have only big contracts not little as 1 ghs or do you only have big contracts that cost 0.25BTC and up ?
July 21, 2014, 09:41:41 AM
I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is? I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take? I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that? Thanks.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%
Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent?
You will break even if the average increase until you break even is less than 17.25%
Last increase was only 3% but this next will probably be around 17%. (my guess)
A week ago I calculated this years average difficulty increase and it was 18%. Anyway, we are almost ready to lower the maintenance fee to about $0.002 - $0.0025 per day per GH/s depending on a few variables. This should have a noticeably positive effect on ROI. These changes will also be effective for all contracts, regardless of date of purchase.
July 19, 2014, 10:20:06 PM
I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is? I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take? I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that? Thanks.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%
Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent?
You will break even if the average increase until you break even is less than 17.25%
Last increase was only 3% but this next will probably be around 17%. (my guess)
I think this chart is the best indicator of where the difficulty is going. It shows the network growth in percentage per day. The important part is that you can see we are a little over 1%/day now. This is an obvious downward trend because we're over the initial ASIC wave. I expect this to continue to taper down until it falls in line with Moore's law where it should stabilize.
http://bitcoin.sipa.be/growth.png
July 19, 2014, 09:46:52 PM
I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is? I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take? I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that? Thanks.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%
Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent?
You will break even if the average increase until you break even is less than 17.25%
Last increase was only 3% but this next will probably be around 17%. (my guess)
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