Bitcoin Forum

10/07/2016 Update: https://twitter.com/cloud_mining_/status/752167168289021952


Now, 10 Ths is available @ 1 BTC !!!

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21/02/2016 Update: https://twitter.com/cloud_mining_/status/701381994438115328


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Source: https://twitter.com/cloud_mining_/status/679619188223307776


While everyone is trying to offer hash power at a cheaper rate, why are they increasing the price?

New players may lower their existing price to attract more customer. But, AFAIK, www.CloudMining.website is paying for over a year now and they are already the cheapest hash power provider for large purchase. They already have their established customer base. Hence, it does not matter to them, even if they increase price.

Are they still the cheapest hash power provider?

Don't know why you bumped thread.  Cheapest or not they are not the best.  If your going cloud mining go with hashnest.

It is a true legit service.  Read threads about the mentioned provider, then read about hashnest.  Anyone who does this goes to hashnest.

Thank you for your suggestion. In fact, I'm already with Hashnest. But, it seems like, with rising difficulty and their support & maintenance cost, I'll never make ROI with them. Hence, I'm looking for cheaper alternatives with proven payment history.

For purchases worth 10 Ths and above, they still seem to be the cheapest provider. But, from an investor's point of view, what matters most is how much they yield with a certain hash power. Hence, I invest in various cloud mining websites in small amount, take a note of their return for a given hash power, say 10 Ghs and then invest more for better ROI provider.

The more accurate question would be are these guys still paying in 2016?

hash power has the "implicit" status to be more convenient due the high offer.
I start when 1 gigahash worth more than 20 $ .... nowadays is around 10 cent $ so far...

you have to see in the long period maybe actually is only an adjustment of btc itself

Expect the prices to increase more right after the halving. With that case I don't think cloud mining will be profitable anymore unless you have purchased power already before the price increases.

Because they are a scam site that is running out of coins so they need to reduce the amount that they need to pay out.

Well... Yes. Here is today's payment...

https://blockchain.info/tx/52965829638f1ac69b16670731800967593505e9d35f73fff84d3fc6acd45788

Actually, your hash DONT MAKE PROFIT for them! so increase PRICE to TAKE PROFIT and GO PONZI! Only thats. Another reason, if their business is reals. BTC priced improve, Block hard improve? Why not HASH dont move?

I dont get your point. How come BTC price improvement raise the cost of hash power? I think, difficulty increase has more to do with hash power cost increase.

In an interesting turn of event, they have now slashed price...

OP updated.

I think, they had to. Because, with rising difficulty, mining was becoming unprofitable with previous rate for small buyers. Moreover, with rising bitcoin price, their support cost should have been lowered. Good move overall...

That's complete nonsense, even worse it's complete nonsense based on the completely unproved premise that these people have ever mined one satoshi's worth of bitcoin.
The only "difficulty" CMS encounter is finding mugs to give them money, that's why the lower 'price'.

 
in fact, they have no legitimate operator shown in the site, the contact info is not even visible, and there are no provable identity if they failed to pay. this site has no real miners proven using the mine, so it is explicitly ponzi.

this will probably be the final sale before they collapse, thus this is a trap. moreover, their sale in open-ended.

What does it mean by open-ended sale ?

There seems to have another price slash. Now they are selling 10 Ths @ 1 BTC!

https://twitter.com/cloud_mining_/status/752167168289021952

are people still investing in cloudmining :O
when will you learn? how many more of thse scammers have to take your money and run before you stop giving away your bitcoins for free to these scammers?!

ROI within 3 months? Now, that's a pretty lucrative offer. ::)

Another scam. No proof of mining whatsoever.

Taken from their FAQ

3.In which pool you are mining ?
 We do not mine at any specific pool with all our hash power. Our miners are pointed at multiple pools and our proprietary software periodically analyzes the data to determine where to mine next to give us the optimum result.


4.What is the minimum amount of GHS to be purchased ?
 Minimum amount of purchase is 10 GHs.


5.What is the minimum amount of withdrawal ?
 Minimum amount of withdrawal is 0.1 BTC.

I think this should be enough to stop you from investing there. Minimum withdrawal is 100 mBTC which is a crazy high amount for a minimum withdrawal. Beside that I thought these guys were already gone a few months ago as I was hearing all kind of scams regarding them. Just don't invest in here. They don't tell you where they hash, they don't tell you their mining equipment, no pictures, no videos, no nothing here.

Dont bother to look cloudmining sites because its clearly stated and many people keep saying here that those site are Ponzi that will turn scam if they collected lots of money to their investors thats why avoid as you can and dont fall for their false promise to earn lifetime their site.

because of halving, it becomes more harder to earn bitcoins wit mining, so you need more hash power to get any profit and cloud mining sites decreased prices, not to loose clients.

anyway, there is not real cloud mining sites, from where you can get any profit with low risk, not to be scammed. so i advice you, stay away from "cloud mining" sites

So many people here are scammed with cloud mining (me included), why would you even try to put it in a good daylight.
We all know there are no winners except for the owners.

HashOcean is a good lesson for all of us

Yup, cloud mining are all scams. Just like the Hash Ocean. They are just fooling you to make you invest your money and they are just spreading each and every one's investment that act as their payment. In the first place, why are they going to sell their mining units? If they can afford to have it alone? If I were to think, of course im gonna operate alone and have my own profit. Why invest your money in trading? I think that would be best instead of cloud mining sites.

Maybe it is a scam ? Low price to make you buy more ? Many cloud mining are scam but not all, just almost all. To keep the bitcoin safe rather than to lose on scam to make the owner rich not you.

is now reward mining is decreasing because after halving reward mining down is 50%, so is your mining or cloudming same too reward down, is reward not down maybe your cloud mining only hyip not real mining

cloudminig website decrease the hash power rate when they are planning a scam . yes this is true take it as a sign that the cloudminig in for what about you are talking will scam soon .

The funny thing is www.cloudmining.website is in existence for ~2 years, while HashOcean.com came from nowhere for ~9 months ago and everyone started cheering for them.

Most likely to get more investors on board. Then put the prices up afterwards. This is all after the halving just to confuse people. Most are just ponzi schemes so they really use it to attract more people they can eventually rip off.