Bitcoin Forum

I have some coins to experiment on Cloud mining.

I know everyone is saying, cloud mining is a waste of good money, but I want to try it out as a experiment and to increase my knowledge on this part of bitcoins.

I do not want to invest in PBmining, because they seem to be a Ponzi

Is buying Hashlets at GAW better than buying GHs from CEX/Ghash?

Both of these are cloud mining right?

Your objective opinion would be appreciated, if you previously invested in both operations. 

Cloud mining in general is bad because of the near impossibility of gaining a profit but sure if you just wana test out i say go with cex.io

+1 post towards your 50 posts for PBmining signature campaign. Your post says nothing, it just bumps your post count.

Please give constructive posts with valued inputs.  :(

Well, hashlets seems to be way better compare to cex but both is unprofitable..

Let's forget for one moment about ROI and focus on what the two operations offer.

GAW has no pool fees, but is this applicable to the cloud mining, when I buy Hashlets?

CEX/Ghash has high maintenance fees, but have trading options.

If you say, one of the options are better, please substantiate, why you are saying that.  ^smile^

Yes there are no pool fees when mining with Hashlets and the cost of running goes down as difficulty rises.
GAW also allows you to trade. They have a very basic marketplace for now, but I heard they are planning to improve it.

CEX is only profitable if you're trading, their mining prices are probably the highest on the market.

Well, let's compare apples to apples.

GAW charges $8.95 (current conversion of $340 per BTC makes this 0.0263BTC) for a 10GH/s Genesis Hashlet.
CEX.io charges 0.00266BTC per GH/s, so the same 10GH/s will cost you 0.0266BTC.

Advantage GAW (at current rates).  CEX.io could take the advantage if the conversion rates go down or price per GH/s goes down.

GAW has a $0.01 per 5GH/s per day maintenance fee, so $0.02 per day for our 10GH/s.
CEX.io has a $0.105 per GH/s per month fee, so $0.03 per day for the 10GH/s.

Advantage GAW.

GAW allows you to switch pools with your Genesis (between BTCGuild, NiceHash and MultiPool).
CEX.io mines on GHash.io.

Advantage GAW.

GAW will buy back your Genesis for 80% of what you paid.
CEX.io allows you to sell any or all of your GH/s at current market price.

Advantage CEX.io unless the price of GH/s drops over 20% from when you purchased it, then advantage back to GAW.

GAW gives you HashPoints, which can be used towards Hashlet purchases, or to use add-on features (not currently available for Genesis, only for Primes).  Further, GAW allows you to setup an auto-purchase that gives you 5% off purchases.
CEX.io has nothing of the sort.

Advantage GAW.

Because of the different pools and different rates each of those pools pays, GAW requires you to constantly monitor your Genesis to ensure you've got the best pool chosen.
CEX.io only has a single pool, so no need to babysit it.

Advantage CEX.io

GAW offers multiple different kinds of Hashlets, corresponding to different pools (ZenPool, MultiPool, WafflePool, etc) and each of those Hashlets is offered at a different price point.  Further, the Prime allows you to switch between any of the aforementioned pools.
CEX.io only offers BTC cloud mining.

Advantage GAW

GAW makes all payouts to your account in BTC regardless of which Hashlet your choose.
CEX.io only allows BTC cloud mining, so all payouts are BTC.

Tie

GAW has a marketplace where you can buy/sell Hashlets.
CEX.io has a marketplace where you can buy/sell GH/s.

Tie

GAW does not have an exchange.
CEX.io has an exchange, so you can trade your DRK, LTC, DOGE, whatever.

Advantage CEX.io

I'll let the OP draw his own conclusions from the above comparison between the two.

do not buy and hold at cex, do that some where else, theres a very very high probability u will regret that choice. dont even think that ur gonna be one of the early dumpers and escape  the loss. it happens very fast. trade at cex  if u got the  skills ,its not for everyone.but dont do any hodling there  ,unless u have a  near perfect strategy.

I must say, I am impressed with jonnybravo0311 detailed reply. Thank you very much.

Also a thanks to the other replies, it was much better than the first one.

A follow up question: Based on the info here, I have decided to go with GAW. Only thing is, I am not sure what Hashlets would be the best investment.

Any advice?

If you get any GAW hashlets,get the Zens,much better than sha 256 or waffle,nice or any other.Primes are ok,but way overpriced IMO  ;)

My Zens will ROI in about another 4 weeks,15mh bought 1.5 months ago  8)

Read this review,it's pretty detailed & has been going on for quite awhile:

https://bitcointalk.org/index.php?topic=768281.160

As far as i understand it is possible that this is a very fast node connected to many other nodes.

GAW is also a highly ethical company in my opinion, so from that standpoint I would also prefer dealing with them.

They always take their customers advice seriously and are hoping to massively improve the hosted /cloudmining market.

I agree with Unacceptable's advice here to go with the Zen.  The Primes are way over-priced for the "extras" they offer.  The Genesis (SHA-256) Primes are not terrible, but payout-wise are edged by the Zens.

Zen hashlets traditionally offer the best chance of ROI for any Scrypt hosted miners on Zenminers.

They are also the most effective hashlets in terms of percentage of power costs.

The genesis hashlets are also quite a good option if you want to do bitcoin cloud mining.


All hashlets will probably get additional features soon, but as GAW has seen a massive increase in customers and demand, they have decided to first do some backend optimisation before releasing new features.

The general consensus @ GAW (full disclosure i am a customer and holder of zens, primes and gens) is that for the short term: go with Zens. For long term, due too features (both present and future) go with primes.

Lurk on hashtalk and see for yourself. Everyone is pretty open about what they do and why they do it.

I cannot speak on cex. I've never used them.

Good luck.

If you want to experiment, you should buy the real asic like usb erupter. Cloud mining won't let you understand much..

who the best gaw or cex?? and how about fee ??

If you're looking at SHA mining, don't even bother. But cloud scrypt mining is doing great!

I've got a couple of hashlets and I'm heading quickly towards ROI.

Hi.

If you want, take a look at my daily videos I am doing on Youtube at the moment or keep an eye on the thread I have linked to, as I tend to post the daily payouts there.

https://bitcointalk.org/index.php?topic=768281.msg9165054#msg9165054

I have purchased SHA256 contracts with Genesis Mining and GAW Miners.

My contract with Genesis Mining was 10 GH/s and my Genesis Hashlet was 10 GH/s but then was upgraded by free to 15 GH/s

I post my payouts daily so you can see what the payouts I am getting are like, so you can at least get an idea about daily payouts at the moment.

Thanks

Ian

I´m disappointed in cloud mining. But I still use cex.io (https://cex.io/r/1/monetizator4/0/) as online wallet for Doge, LTC, DRK, etc.
CEX doesn't have lower limits for deposit, so I just use it for withdrawing coins from different faucets.

I think this post mainly covers it:
https://bitcointalk.org/index.php?topic=816049.msg9129458#msg9129458

If you're interested in MINING and getting a steady profit from your shares pick GAW.
If what you're looking for is an EXCHANGE, where you can profit from trading pick CEX.

guys u should check out LTCGear 160MHs is 850$ with the cupone "anniversary1yr" so about 5$~1MH/s

If you use my affiliate link which is in my signature i give you 1 MH/s free:)

It would be great, but you have not signature=)
Anyway, as Newbie you cannot put active link into you signature.

What about ZeusHash? Anyone tried them on?

At least CEX is actually mining something in plain sight. With GAW, the whole thing is basically a black box that you feed in bitcoins and receive some fraction of your investment back daily.

Profit with GAW may be good, but the opaque nature of their operation is not something I care for very much these days.

Gaw just changed their mind yet again.

Now, Gaw is changing their "buyback" program for primes they'll "generously" screw you if you want to sell them back, at a guaranteed rate of 40 per prime MINUS any amount you mined. LOL.

Gaw is a BIG joke.

You are getting boring with this.
Maybe you should start your own thread and post "gaw is a joke" there every day to feel better?
The joke is on you.


GAW is mining, don't worry about it. I don't know why you think they are not, but these are just speculations on your side.
The facts are GAW has much better prices than CEX. With CEX you won't ROI, unless you can find someone to buy your shares for more than you paid.

I don't care for the way CEX ripoff the cloud miners "In Plain Sight" by charging more in maintenance than what is rewarded.

I tried them with 150GHs for 24hrs and had less balance at the end than the start. And that is with CEX getting about 25blocks for the day.

Not good CEX, you've lost my vote for good. CYA.

I cant comment on the other cloud miners, but im definitely going to look into them instead of wasting BTC on CEX.

Just my opinion either way.

It really is choice "D, none of the above" at current moment with those prices and the relatively low price of Bitcoin.

If you're really serious of getting into cloud mining at least give yourself a decent chance:

https://www.hashnest.com/

No to CEX.io and no to GAW or any others.  You won't profit from any of these unless you really monitor the BTC chart prices and sell back hash at the right time.

At least Hashnest is reasonably priced and they offer free hash giveaways pretty frequently.

I have checked out hashnest ytd, seems members are having some trobules atm, + i dont understand half of it, half is in chinese xD

have you checked out ltcgear?

There's plenty of people here on this forum, who reached ROI with GAW Hashlets, and even more on hashtalk.org.
Since you mentioned giveaways, GAW is actually leading with these. You won't find more promotions, discount codes and boosts anywhere else.

I'm not saying Hashnest is better or worse here, you just have to compare the prices and decide for yourself.

I'd like to believe you, I truly do!  

Just hard when I see that signature underneath your post.   :P  NO offense!

For comparison Hashnest is 0.001125฿/GHS or roughly $4 per 10 GH/s.  I think johnnybravo put the breakdown of GAW which is like $9 per 10 GH/s.  Maintenance is $0.0032548/GHS/Day for Hashnest.

I think the numbers back what I'm saying.

I did indeed put the cost breakdown between GAW and CEX.  If we include Hashnest...

Hashnest is 1.125BTC per TH/s (at current USD->BTC that's $431.45) with a maintenance fee of $3.2548 per TH/s per day.
GAW is $895 per TH/s (at current USD->BTC that's 2.334BTC) with a maintenance fee of $2.00 per TH/s per day.

So, that's $1.25 a day difference in hosting fees, which means to make up the difference in the initial costs of $463.55 it would take just over a year (369.4 days).

One other thing to point out here is Hashnest's policy.  Your GH/s is only good as long as it earns more than the fees you pay.  As of right now, 1TH/s expects to earn $5.51 a day.  This means you're paying approximately 59.07% of your mining revenues in fees.  With GAW, you're paying 36.3%.

Note - I used a conversion ratio of $383.51 per BTC (based on coinbase.com) when I posted this.  Obviously as that conversion fluctuates, so do the calculated numbers I posted.

EDIT - A feature GAW has that Hashnest does not is the ability to pick your pool.  Currently, you can choose between 3 different SHA-256 pools (Multipool, BTC Guild and NiceHash).  With Hashnest, you're bound to their private mining pool.

None taken.
I'm not getting paid for the sig, really. I just decided that since I'm paying people to post with the sig and have been dealing with GAW for the last 6 months I might as well have it :D

@did you count the discounts you can get, like the ones from this thread?
https://bitcointalk.org/index.php?topic=752824.msg8839853#msg8839853

Don't forget about daily boosts of Hashlets and that the contracts don't expire. Does Hashnest have such features?

Not sure about discounts, but they give out complimentary hash rate free of charge from time to time.

Contract is as good until electrical surpasses earnings I belive.

Believe you can trade your hash like CEX.io once Round 1 subscription is full.

So.. is anyone able to withdraw their BTC from GAW yet? I think not... shitz gonna get real yo. ..

Hello all,

Check out https://hashie.co . Very reasonable, and super fast in customer service and setting up your miners.

Sign up and get a FREE cloud miner  ;D

I would recommend hashlets

Agree, I've tried different web mining services, the only profitable where scrypt based, so you mine other coins and change them for Bitcoins, in most cases automatically, for you is transparent.

I've own a Hashlet but I regret to choose one that mines bitcoins, with the same investment on a ZEN hashlet I will be earning a lot more.

Also tried other options, even some ones that are referred as ponzi but without issues until now

This is my experience with HasProfit

All
Profits
Expenses
time   type   amount   comment
14.10.2014 23:24   reinvest   -0.00599000 BTC   Automated re-investment #49473, 4 Kh/s bought
14.10.2014 04:00   profit   0.00163440 BTC   Profit for 13.10.2014 with 227 Kh/s
13.10.2014 04:00   profit   0.00164348 BTC   Profit for 12.10.2014 with 227 Kh/s
12.10.2014 04:00   profit   0.00162078 BTC   Profit for 11.10.2014 with 227 Kh/s
11.10.2014 04:00   profit   0.00160234 BTC   Profit for 10.10.2014 with daily average 226 Kh/s
10.10.2014 18:50   reinvest   -0.00156000 BTC   Automated re-investment #46568, 1 Kh/s bought
10.10.2014 04:00   profit   0.00159562 BTC   Profit for 09.10.2014 with daily average 221 Kh/s
09.10.2014 17:05   reinvest   -0.00896000 BTC   Automated re-investment #45362, 6 Kh/s bought
09.10.2014 04:00   profit   0.00155100 BTC   Profit for 08.10.2014 with 220 Kh/s
08.10.2014 04:00   profit   0.00156860 BTC   Profit for 07.10.2014 with 220 Kh/s
07.10.2014 04:00   profit   0.00160864 BTC   Profit for 06.10.2014 with 220 Kh/s
06.10.2014 04:00   profit   0.00152460 BTC   Profit for 05.10.2014 with 220 Kh/s
05.10.2014 04:00   profit   0.00150700 BTC   Profit for 04.10.2014 with 220 Kh/s
04.10.2014 04:00   profit   0.00149820 BTC   Profit for 03.10.2014 with 220 Kh/s
03.10.2014 09:29   payout   -0.01083940 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr d93e018493bd2420ae26e168ba71bd2879e03597a6354749372ba995a633f4a4
03.10.2014 04:00   profit   0.00154000 BTC   Profit for 02.10.2014 with 220 Kh/s
02.10.2014 04:00   profit   0.00148060 BTC   Profit for 01.10.2014 with 220 Kh/s
01.10.2014 04:00   profit   0.00155980 BTC   Profit for 30.09.2014 with 220 Kh/s
30.09.2014 04:00   profit   0.00154440 BTC   Profit for 29.09.2014 with 220 Kh/s
29.09.2014 04:00   profit   0.00156420 BTC   Profit for 28.09.2014 with 220 Kh/s
28.09.2014 04:00   profit   0.00154220 BTC   Profit for 27.09.2014 with 220 Kh/s
27.09.2014 02:00   profit   0.00160820 BTC   Profit for 26.09.2014 with 220 Kh/s
26.09.2014 07:13   payout   -0.00689197 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr cf5b17219a9780c4b365d841946c5163056cf645711541552107d3efd1aa82f6
26.09.2014 02:00   profit   0.00153780 BTC   Profit for 25.09.2014 with 220 Kh/s
25.09.2014 02:00   profit   0.00147906 BTC   Profit for 24.09.2014 with 220 Kh/s
24.09.2014 02:00   profit   0.00158400 BTC   Profit for 23.09.2014 with 220 Kh/s
23.09.2014 02:00   profit   0.00162279 BTC   Profit for 22.09.2014 with daily average 219 Kh/s
22.09.2014 02:00   reinvest   -0.00224000 BTC   Automated re-investment #32173, 1 Kh/s bought
22.09.2014 02:00   profit   0.00142131 BTC   Profit for 21.09.2014 with 219 Kh/s
21.09.2014 02:00   profit   0.00148701 BTC   Profit for 20.09.2014 with 219 Kh/s
20.09.2014 09:30   payout   -0.00709639 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr 86271d572d0a470ad8c1ce5a69ee193cce39413985beb422bdf903ad8d5ebb52
20.09.2014 02:00   profit   0.00158337 BTC   Profit for 19.09.2014 with 219 Kh/s
19.09.2014 02:00   profit   0.00153081 BTC   Profit for 18.09.2014 with 219 Kh/s
18.09.2014 02:00   profit   0.00149112 BTC   Profit for 17.09.2014 with daily average 218 Kh/s
17.09.2014 02:00   profit   0.00147777 BTC   Profit for 16.09.2014 with 217 Kh/s
17.09.2014 00:19   reinvest   -0.00382000 BTC   Automated re-investment #28894, 2 Kh/s bought
16.09.2014 02:00   profit   0.00137361 BTC   Profit for 15.09.2014 with 217 Kh/s
15.09.2014 02:00   profit   0.00134757 BTC   Profit for 14.09.2014 with 217 Kh/s
14.09.2014 02:00   profit   0.00151416 BTC   Profit for 13.09.2014 with daily average 216 Kh/s
13.09.2014 02:07   reinvest   -0.00191000 BTC   Automated re-investment #26689, 1 Kh/s bought
13.09.2014 02:07   profit   0.00145555 BTC   Profit for 12.09.2014 with daily average 215 Kh/s
12.09.2014 02:31   reinvest   -0.00152000 BTC   Automated re-investment #25916, 1 Kh/s bought
12.09.2014 02:31   profit   0.00149158 BTC   Profit for 11.09.2014 with daily average 214 Kh/s
11.09.2014 02:31   reinvest   -0.00151000 BTC   Automated re-investment #25119, 1 Kh/s bought
11.09.2014 02:31   profit   0.00148887 BTC   Profit for 10.09.2014 with daily average 213 Kh/s
10.09.2014 20:51   reinvest   -0.00151000 BTC   Automated re-investment #24906, 1 Kh/s bought
10.09.2014 02:31   profit   0.00153276 BTC   Profit for 09.09.2014 with daily average 212 Kh/s
09.09.2014 16:50   reinvest   -0.00154000 BTC   Automated re-investment #23843, 1 Kh/s bought
09.09.2014 02:31   profit   0.00139049 BTC   Profit for 08.09.2014 with daily average 211 Kh/s
08.09.2014 16:37   reinvest   -0.00191000 BTC   Automated re-investment #23244, 1 Kh/s bought
08.09.2014 02:31   profit   0.00132930 BTC   Profit for 07.09.2014 with daily average 210 Kh/s


If you consider my info useful and are planning to buy them some power please use my refer link as a way to say thankyou.


https://hashprofit.com/en/registration/?hp=17300 (https://hashprofit.com/en/registration/?hp=17300)

try hashprofit :D
ROI 7month with contract 2year
and you can get it free if you have more referal,,
i have 290reff but only 10active and i get 39kh/s from my referal ::)

GAW has "promised" to continue to add more efficient miners onto their network so that the overall efficiency of their cloud miners increases over time. This results in the maintenance costs declining over time. This will likely result in GAW miners lasting longer then the CEX miners as they have not made a similar promise (although they have recently halved their maintenance fee)

Gaw Promised and they will deliver. They always do.

https://hashtalk.org/topic/12157/lots-and-lots-of-miners/331 (https://hashtalk.org/topic/12157/lots-and-lots-of-miners/331)

Look at this awesome pack. They won't disappoint anyone with these.