Bitcoin Forum

Just want to post some information about buying hashpower, I tried several companies, and I hope this information can help someone.

Hashracks: They were scammers since the begining, I put 1BTC for 2GHs / 1year in may, they should start within a month or two, but they stop responding all the mails, now the page is closes

Cloudhashing: I bought a 1Ghs/perpetual in may for something like 250dls, starting in late june, they post some mails about the delays, and offer to switch my contract for a 4GHs / 2years starting in september, 1 week later I saw my dashboard, and I got 4GHs / 1year (not mining also), they told me that 2 years it was too much for them, and they would deliver only 1 year (I requested a refund and then they stop responding my mails)... now they are mining (started in late oct), so faw I have 0.1BTC, so no one will make ROI, if you want to buy this, be careful and make your own maths.

CEX.io: I think this is the best option, you can buy 1Ghs for 0.1BTC, and start mining in seconds (also you can sell your hashpower and receive your payments until the hashpower is sold). I bought 20Ghs a week ago and I have since that 0.28 BTC (not bad at all). The dashboard is quite clear and simple (you can see your actual hashpower by hour/day, and a list of block with your % for each one). If anyone want to give it a try, please use my referral link :)  


https://cex.io/r/1/chinchs/0/

According to this http://mining.thegenesisblock.com/a/8bbd449e03, at this point this is still a losing investment...mind you I agree there is a option to sell your gh/s if the price of gh/s changes, you could sell or buy more if it dropped.

Why would anyone wanted to buy haspower? I don't see a point in it. It's losing investment, isn't it?

I'm from Argentina, if I want buy hardware I would have to wait months and pay shipping + taxes, in the other hand I think in 3 months I will be near of the ROI, then I can sell my hashpower and almost all of that would be money (let's say in 3 month is 0.03 por GHs, not much but it would be profit) I have bought and sold some of my GHs and I gain something like 1.5GHs (4 days ago the GHs was 0.085, now 0.1.07). So, I think this should be the reasons to buy hashpower:

* If you don't want to worry about the setup/maintenance
* If you want to start mining in seconds
* If you live in a country with taxes to import product of with high shipping prices
* If you like to trade and try to make profit from that

The price per GH has gone up 20% over the last week! 
Surely the game here is to buy, take profit and sell before the reduction in price per GH cancels out your profit.  If you buy in shortly after a difficulty rise then it seems quite possible that it'll work out profitable.

Not going to ROI, the coming 1 TH/s priced at only 2$ per GH/s

The investment isn't the same as buying a ASIC.  If I buy a 1TH/s miner for $2000 (where does it cost $2000?), assuming I keep it, I need to make up the 2000€ to be in profit.
If I put $2000 into cloud mining, I would get about 100GH/s, but I can immediately trade out tomorrow.  It is more akin to when people buy a miner, mine for a short period until the difficulty is about to rise, then sell the miner (a good idea).

I guess it will always be worth watching the future miners $/(GH/S) so that you know when to sell or buy

Just tell me where can i buy 1Gh/s for $2 and start mining in seconds and I will put all my BTC. Some day it will be $2 por THs for not today, we can always wait for a lower price...

For January, Cointerra it's supposed to deliver for $3 per GHs (but who many of us can put almost 29BTC), but can anyone bet they will deliver? BFL had some great prices when they anounced their product... I prefer to start mining now, make some profit with the exchange and sell my hashpower in 2 months.

Klubknuckle I respect your point of view, but I believe I would make ROI (time will probe if a was wrong), and I always want to try new ways to invest (I had some bad experiences with CH and hashracks)

Totally agree