Bitcoin Forum

Other => Beginners & Help => Topic started by: solareclipse64236 on April 26, 2013, 10:04:20 PM



Title: Cognitive Mining vs Hashrack.com
Post by: solareclipse64236 on April 26, 2013, 10:04:20 PM
Which one would you choose?


Title: Re: Cognitive Mining vs Hashrack.com
Post by: Saint! on May 01, 2013, 12:45:31 PM
Not sure about cognitive mining but as far I can can HashRack seems to just be offloading all the financial risk onto the owners of the hashpacks.

scenario 1
You buy an ASIC from BFL
Wait for it to be delivered turn it on
Pay for electricity and keep it running
Profit

Scenario 2
They buy an ASIC from BFL
You both wait for it to be delivered, they turn it on
They pay for electricity and keep it running
Profit - HashRack fee

Essentially all hashrack are doing is getting you to pay for the ASIC, then skimming off a fee off the top for up keep. Although I can't see what the fee is on the site.


Title: Re: Cognitive Mining vs Hashrack.com
Post by: pkarc on May 02, 2013, 10:07:23 PM
Not sure about cognitive mining but as far I can can HashRack seems to just be offloading all the financial risk onto the owners of the hashpacks.

scenario 1
You buy an ASIC from BFL
Wait for it to be delivered turn it on
Pay for electricity and keep it running
Profit

Scenario 2
They buy an ASIC from BFL
You both wait for it to be delivered, they turn it on
They pay for electricity and keep it running
Profit - HashRack fee

Essentially all hashrack are doing is getting you to pay for the ASIC, then skimming off a fee off the top for up keep. Although I can't see what the fee is on the site.

3%


Title: Re: Cognitive Mining vs Hashrack.com
Post by: BigMiner on May 02, 2013, 10:19:48 PM
amazing !!


Title: Re: Cognitive Mining vs Hashrack.com
Post by: Saint! on May 04, 2013, 07:58:46 AM
Quote

3%

Ah thank you


Title: Re: Cognitive Mining vs Hashrack.com
Post by: joker_josue on May 24, 2013, 09:32:37 AM
Hashrack.com:

Already in operation?
Someone is using this service?