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.
Topic: www.lunamine.com - 0.0025 BTC/GHs mining contracts | On-demand withdrawals - page 23. (Read 41487 times)
July 13, 2014, 10:16:21 AM
July 13, 2014, 05:08:04 AM
Hello,
We accepted your payment one hour after it was made. Thank you for your business.
Best regards,
lunamine
We accepted your payment one hour after it was made. Thank you for your business.
Best regards,
lunamine
July 12, 2014, 02:43:41 PM
How is business going? I bought 600 GHs more.. Please confirm
July 11, 2014, 04:38:09 PM
We now offer upfront payments for signature: https://bitcointalksearch.org/topic/0-avail-upfront-payments-for-your-signature-limited-offer-lunaminecom-686826 (limited offer, 5 slots only and full member+)
July 11, 2014, 06:14:08 AM
Good news for the weekend:
More accessible contracts! This weekend (Jul 11 - Jul 13) we have lowered the minimum hashrate.
Minimum hashrate: 50 GH/s
Price per contract: $79 / 0.125 BTC
Contracts are valid until they cover electricity costs ($0.003 per GH/s per day). BTC price is tied to USD, so it can fluctuate.
More accessible contracts! This weekend (Jul 11 - Jul 13) we have lowered the minimum hashrate.
Minimum hashrate: 50 GH/s
Price per contract: $79 / 0.125 BTC
Contracts are valid until they cover electricity costs ($0.003 per GH/s per day). BTC price is tied to USD, so it can fluctuate.
July 10, 2014, 03:28:31 PM
http://www.lunamine.com/ and also http:/lunamine.com needs to redirect to HTTPS otherwise login credentials are sent in the plain.
also
https://www.ssllabs.com/ssltest/analyze.html?d=lunamine.com
Gives you a F rating, you need to alter the Server config to not use insecure SSL ciphers.
Your welcome.
also
https://www.ssllabs.com/ssltest/analyze.html?d=lunamine.com
Gives you a F rating, you need to alter the Server config to not use insecure SSL ciphers.
Your welcome.
There was forced SSL initially but we got two reports of website not working, so we made SSL optional while we sort out the problem.
Thank you, I will check that link, sounds promising!
July 10, 2014, 10:04:45 AM
http://www.lunamine.com/ and also http:/lunamine.com needs to redirect to HTTPS otherwise login credentials are sent in the plain.
also
https://www.ssllabs.com/ssltest/analyze.html?d=lunamine.com
Gives you a F rating, you need to alter the Server config to not use insecure SSL ciphers.
Your welcome.
also
https://www.ssllabs.com/ssltest/analyze.html?d=lunamine.com
Gives you a F rating, you need to alter the Server config to not use insecure SSL ciphers.
Your welcome.
July 10, 2014, 09:16:07 AM
Withdrawals still strong.. Maybe you should publish all txids for more transparency? BCS does that
July 10, 2014, 06:36:34 AM
CryptoNames - thank you for your interest
A lot of good news coming in soon! Stay tuned
A lot of good news coming in soon! Stay tuned
July 09, 2014, 01:53:26 PM
Have a few questions about your service and would like to feature it on www.MiningContracts.com
Please PM us at your convenience.
Please PM us at your convenience.
July 09, 2014, 10:40:04 AM
Any other opinions? I guess we will stick with Google then.
Is HTTPS working fine for everyone?
Is HTTPS working fine for everyone?
July 09, 2014, 04:32:59 AM
Google FTW. 2FA
yea you need this , after you implemented that i will place my money here
thanks and good luck
yea you need this , after you implemented that i will place my money here
thanks and good luck
July 09, 2014, 02:50:23 AM
Withdrawal received.. Thank you!
Google FTW. 2FA is really important. Implement 2FA and I'll double my hashrate.
Google FTW. 2FA is really important. Implement 2FA and I'll double my hashrate.
July 08, 2014, 10:15:28 AM
google authenticator please
July 08, 2014, 09:24:00 AM
Update:
SSL (https) enabled - https://www.lunamine.com
HTTPS is also forced when you enter the regular page.
We are also looking to implement 2FA. What kind of 2FA do you prefer?
SSL (https) enabled - https://www.lunamine.com
HTTPS is also forced when you enter the regular page.
We are also looking to implement 2FA. What kind of 2FA do you prefer?
July 07, 2014, 06:09:10 PM
Thank you for your opinion, appreciate that. I'll edit the texts so it's less misleading and there's a lower chance of misunderstanding.
Oh and in fact, we will pass forward efficiency improvements to our existing customers. I think it was already mentioned, that we are planning to decrease maintenance costs soon.
Best regards,
lunamine
Oh and in fact, we will pass forward efficiency improvements to our existing customers. I think it was already mentioned, that we are planning to decrease maintenance costs soon.
Best regards,
lunamine
July 07, 2014, 09:31:28 AM
Yeah, I'm not sure if they are legit, probably they are not.. But all the "proofs" I've heard of have flaws, too. For example, if you assume
increasing diff as observed in the past, then 100 GHs will make just a couple of satoshis in years 2-5. Nobody forces them to mine
with today's gear for 5 full years. They could just allocate a certain percentage of their revenues for these late payouts.
Anyway, still I don't see how they can provide that service in a profitable way, but this can simply mean that I am not creative enough
For lunamine: I believe that you are providing the best prices you can and I wish you success. I just think it would be more honest
to state the electricity fees and the implications for the lifetime of the contract at a more prominent place and in a readable way.
The "lifetime validity" is simply misleading in my opinion, especially if you do not plan (i. e. guarantee) to adjust the electricity fees
to efficiency improvements over time.
Best, David
increasing diff as observed in the past, then 100 GHs will make just a couple of satoshis in years 2-5. Nobody forces them to mine
with today's gear for 5 full years. They could just allocate a certain percentage of their revenues for these late payouts.
Anyway, still I don't see how they can provide that service in a profitable way, but this can simply mean that I am not creative enough
For lunamine: I believe that you are providing the best prices you can and I wish you success. I just think it would be more honest
to state the electricity fees and the implications for the lifetime of the contract at a more prominent place and in a readable way.
The "lifetime validity" is simply misleading in my opinion, especially if you do not plan (i. e. guarantee) to adjust the electricity fees
to efficiency improvements over time.
Best, David
July 07, 2014, 08:49:37 AM
Did I get it right that you deduct ~ 9.6 $ per month per 100GHs for electricity and
that you stop the contract if the revenues fall below that figure? So the "lifetime validity"
comes down to a couple of months, given reasonable diff increase assumptions, right?
that you stop the contract if the revenues fall below that figure? So the "lifetime validity"
comes down to a couple of months, given reasonable diff increase assumptions, right?
Yes, of course we do. It is impossible to legitimately provide 5 year contracts with no fees like our competitors do. If a company does that, they to steal something - either electricity or customers investments. At best case it is stealing electricity but even that can't last forever: once they get caught, the operation is no longer feasible and they are likely to disappear with people's money.
Whenever we advertise lifetime validity, we note that we run the miners as long as mined coins > electricity. If you suspect we have missed to mention that, please let me know and we will fix that.
Well, I was just asking, not complaining
So you consider this one big competitor (whose name I don't have to mention) of yours as illegitimate. I'm not sure if I agree on that, but ok let's assume that..
Then still, to me, the catchy details (lifetime validity + 0.0025 BTC/GHs) of your offer seem to be aimed at undercutting this competitor. And you are only able to offer
these numbers by charging electricity fees, which are stated in the FAQ section and in a slightly obfuscated way (per GHs per day).
Might be just me, but this doesn't make a good impression..
July 07, 2014, 08:44:13 AM
Yeah you also have megamine as neighbours all using boden hydro power it would seem.
July 07, 2014, 08:34:21 AM
How long is your electricity contract for at the current price?
For any change regarding electricity rates we will be notified 12 months before. This is pretty safe. Also, there are chances for getting a cheaper deal than we have right now.
Data centers and similar operations are welcome here in our city both climate and state-wise. Facebook built their first data center in Europe in Luleå! Currently they are building their third one in Europe, also in Luleå. Lunamine's location is a really safe bet for the future in our opinion.
Best regards,
lunamine
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