Thanks for the timely payout once again. Consider to launch a sig campaign. That would help u to gain more trust. |
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I just started learning about mining so what does GH/S mean? Like someomne on ebay is selling a bitmain Antminer U2 (Set of 10) Bitcoin Miner + 10 port USB Hub and says it has an operating range of 1.6 to 2.2 GH/s. They are also overclockable to 2.3 to 2.4 GH/s, but not recommended. How many bitcoins is that? What hardware would you recomend for me?
GHs is the short form of Giga Hash per second. If the power of a miner is 10 GHs, then it means it can create 10*1024^9 hashes per second to check if the correct hash is found. To know how many bitcoins your hash power can generate, you may like to use this calculator => https://alloscomp.com/bitcoin/calculator. People started with solo mine, then they did pool mine and now they are shifting to cloud mining or hosted mining, where you remotely buy hash power. Currently the lowest offer in cloud mining industry is made by Cloud Mining Website, which is 0.001 BTC/Ghs. |
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I always wanted to mine but never had enough resource. Over month, I have gathered around 0.11 BTC from faucets and twitter giveaways, with which I want to buy hash power. The cheapest one I see around is offered by www.cloudmining.website, which is 0.001 BTC/GHs. But, before I invest, I'd like to know what people want to say about their experience about this service. As it seems, at current difficulty, I should reach ROI at 4 month. Please advise... As of yet, the feedback is good => https://bitcointalk.org/index.php?topic=844310.0Maybe, it worth a try. I can confirm that www.cloudmining.website is paying out. The scheduled weekly withdrawal has just taken place. The risk is associated with all cloud mining websites. But, for some like CEX.io u're confirmed NOT to make ROI EVER !!! |
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Buying out a 10 GHs plan. Hopefully all goes well.
I can confirm the second payout... Latest Payout 0.00013975 BTC Latest Payout Date 2014-11-05 00:00:02 It seems the weekly withdrawal has been made. I have received the the total of last week's pending from cloudmining.website. |
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I like the cloud mining offer by CLOUDMINR.IO. The rate is awesome along with the free miner to test out the service. Would like to have the 10 GHs FREE voucher code.
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I would buy 10 TH/s, if you give more information: Payout in BTC/day and Fees in BT5C/day and a daily log.
I think the info u r looking for are already available in public. Payout in BTC per day... Buying out a 10 GHs plan. Hopefully all goes well.
I can confirm the second payout... Latest Payout 0.00013975 BTC Latest Payout Date 2014-11-05 00:00:02 I dont understand what do u mean by Fees in BT5C/day. Pricing is 0.001 BTC/GHs as of yet... There multiple posts about cloudmining.website in different threads of the forum, but one person is consistently reporting his earning, which u may consider as daily log : https://bitcointalk.org/index.php?topic=844310.0. If u decide to join, please use my referral: cloudmining.website |
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So ROI in 8-9months?
Guys, what do you think about hashprofit.com? Their payback time forecast is 4-7 months with a trial of 200kh/s for a week
No, you should only expect a negative ROI or loss from any cloud mining service. I have yet to hear any proof otherwise. Notice how proponents use dishonest representations and misleading suggestions rather than simply discussing examples where they turned a profit by verifying a specific claim. Product name , date range , rate ? (payout per day and amount invested aren't sufficient to validate claims) Has there ever been an example of any Bitcoin cloud mining contract in history that has been profitable for the investor? Below is a proof of profit someone posted in PB mining thread. He invested in PB mining in its early days while everyone was doubting it to be a Ponzi and will vanish with people's money... Hello everyone! A few months back I shared the stats on my contracts, so that anyone could have real data to evaluate. It's with pride that I have now reached ProfitLand in all my contracts  As such, I'm sharing the stats again. The nonbelievers and Ponzi-lovers in here will probably not like them Since I was also one of the happy winners of Labour Day's giveaway, I'm also sharing the stats on that(bottom part) so you can get a real fell of the maximum profitability PBmining is giving - since there was no investment done on that contract, the profits shown for this contract represent the maximum you could achieve. The best I can tell you is that by initial expectations - 20 weeks / 4 Months for breakeven - were not met, but it was still with the 6 months / 26 weeks period that I considered this investment worth the risk. But that was then. The current numbers are not that good - things got way worst after April 20th, the best price point ever, with only 21 weeks for breakeven  . I leave you these data so you can all do your own math and risk assessment. The current average payout per GH/s is still higher than other cloud mining options out there, but it's no longer attractive.  Meanwhile, I will keep enjoying the next 6 months of good profit, before it all turns to mere dust levels. And the giveaway's precious compensation funds  As for the remaining years, I guess they won't matter that much, but hey, it's still profit  Have a nice Sunday, everyone U were arguing the same thing yesterday and claimed that at 15% difficult increase www.cloudmining.website will show u profit at 148th day. Today we know that the difficulty increase has been 10%. Still u r claiming that one cant make profit with Cloud Mining ? I'm not suggesting u anything. I'm merely providing u facts & figures to think logically. We have supplied enough information to U. Now, u please do some math and show us how long should it take to break even with 0.001 BTC/Ghs accounting for the possible difficulty increase Certainly: https://bitcoinwisdom.com/bitcoin/calculatorLoss in profit under this contract At 0.001 BTC/Ghs a 30% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 25% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 20% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 18% difficulty increment average will never have a breakeven point.At 0.001 BTC/Ghs a 15% difficulty increment average will never have 147 day breakeven point. At 0.001 BTC/Ghs a 8% difficulty increment average will never have 88 day breakeven point. Are you suggesting that we should expect anything below 10% as a running average? -snip-Are u hypocrite or trolling for some agenda ? |
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Buying out a 10 GHs plan. Hopefully all goes well.
I can confirm the second payout... Latest Payout 0.00013975 BTC Latest Payout Date 2014-11-05 00:00:02 |
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need help right now with some problems. they're pretty easy.
please PM me. will pay $30/hour.
thanks!
May I know what r u studying ? I mean school, college what and/or for which exam like ACT, SAT ? |
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^^^Title speaks for itself.
Disclaimer: I firmly believe that this thread belongs to mining section, not service discussion.
I'm experimenting with cloudmining.website. Hoping to break even within 3 months as the current promo offer is giving 0.001 BTC/GHs |
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I don't like so much your investment, awful rest. Consider the idea to invest in PBMining, which is a good cloudmining platform !
Please tell us more. I think GAW is bigger by far. What makes PBMining better? Do they have proof of not being Ponzi? I personally don't like mining in the cloud. To much trust in certain companies. Some sure are great others are not. Though it is new, the current rate of cloudmining.website is better than both. It is 0.001 BTC/GHs. And they are already paying... |
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Well... I was not aware of the ref thing. Sorry for that.
Ya it would be Genesis-Mining. I made the typo.
Even if we dont have enough proof about the sell side activity, I think we should include them in the list to be complete. PB Mining, Hashie etc. dont have any sell side activity at all, but they are included !!!
If you can fill out a scorecard for them, I will add them to the second post. If u keep my referral link in your list, I can take the pain. Not otherwise. Sorry, this is a community project for the good of the community - NOT a way for folks to push their favorite affiliate marketing campaign!! I removed my own referral link in my sig so that there is no possibility of a claim of bias. If I allow referral links, this whole project will become a spam fest where everyone with referral links will post (info about their favorite cloud mining service, but that will be biased because there is too much incentive to pump up the service in order to get referrals. Keeping it referral link free is the only way to achieve at least some objectivity. EDIT: Bitcointalk rules currently allow for some referral links in sigs. While I removed mine, I cannot force anyone to remove theirs and mods won't pull posts based on referral links in a sig... so if you MUST use a referral link, put it in the signature NOT in the post. 1. I dont get the reason why U'll add scorecard of PB Mining, Hashie, LTC Gear, Genesis all by yourself and I have to take the responsibility of adding scores for cloudmining.website, where I'm not allowed to keep my referral !!! 2. As a newbie my signature does not allow referral. |
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Well... I was not aware of the ref thing. Sorry for that.
Ya it would be Genesis-Mining. I made the typo.
Even if we dont have enough proof about the sell side activity, I think we should include them in the list to be complete. PB Mining, Hashie etc. dont have any sell side activity at all, but they are included !!!
If you can fill out a scorecard for them, I will add them to the second post. If u keep my referral link in your list, I can take the pain. Not otherwise. |
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The newest and most lucrative offer is absent in your data. It is http://www.cloudmining.website [referral link removed]. They are offering 0.001 BTC/GHs. Dont have much of a details about them regarding ownership, but it seems that they are mining. I looked at the link and discussion but it seems like they are at least pretending to want to BUY capacity. But that could be a spoof to get folks to click on their website. There is (as yet) zero discussion about their sell-side activity so I cannot include them yet. Seems very sketchy but if there are folks who have real data and can fill out the above scoring, I will add it. But please don't post referral links here it is spam and will be reported to mods in future. You meant Genesis-Mining rather than GAW I think. I read the reddit but the issue there is the use of affiliate marketing and dummy accounts to promote. That would give Genesis a negative score on use of MLM/Affiliate mining. I will consider revising scoring to add this factor for Genesis. Keep in mind, my idea for SCORING is that ALL relevant factors are considered, not just one. The fact that Genesis is kicked off the subreddit is relevant to marketing techniques, but not the other factors. Well... I was not aware of the ref thing. Sorry for that. Ya it would be Genesis-Mining. I made the typo. Even if we dont have enough proof about the sell side activity, I think we should include them in the list to be complete. PB Mining, Hashie etc. dont have any sell side activity at all, but they are included !!! |
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I'm not suggesting u anything. I'm merely providing u facts & figures to think logically. We have supplied enough information to U. Now, u please do some math and show us how long should it take to break even with 0.001 BTC/Ghs accounting for the possible difficulty increase Certainly: https://bitcoinwisdom.com/bitcoin/calculatorLoss in profit under this contract At 0.001 BTC/Ghs a 30% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 25% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 20% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 18% difficulty increment average will never have a breakeven point.At 0.001 BTC/Ghs a 15% difficulty increment average will never have 147 day breakeven point. At 0.001 BTC/Ghs a 8% difficulty increment average will never have 88 day breakeven point. Are you suggesting that we should expect anything below 10% as a running average? This doesn't include other risks like this cloud mining site being a ponzi scheme and walking away on people contracts after getting enough initial signups(Only open to the public for 3 days and many other questionable concerns from looking at the site) and potential investment lost potential risks of simply buying bitcoin now vs slowly mining through a bubble. The chance of vanishing in the thin air is applicable for each and every BTC company. So there is no point raising the concern only for www.cloudmining.website. But, u r accepting the fact that U can breakeven even at 15% difficulty increase with the rate they are offering and still arguing ? Now I doubt if u r posting just to pad up your post count to join a signature campaign !!!  |
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I'm not really asking for much information or proof. A company , a rate , and a time frame and I can work out the math and verify the claims independently. You don't even need to provide a link. So, according to u, how long will it take to break even 0.001 BTC/GHs accounting for the rising difficulty ?
It isn't according to me, I make no claims to absolute certainty that a user cannot and will not turn a profit mining. For all we know difficulty could decrease. What I am claiming is it is doubtful that any cloud mining contract has been profitable to any normal user at any time in Bitcoins history, and extremely improbable that current advertised contracts will be profitable. You are suggesting that one could turn a profit "0.001 BTC/GHs rate your investment turns profitable within 3 months." My opinion on the matter doesn't matter as it is simple math to determine that one would need less than 8% difficulty increment average to get anywhere in meeting these claims. Is that what you are suggesting? I'm not suggesting u anything. I'm merely providing u facts & figures to think logically. We have supplied enough information to U. Now, u please do some math and show us how long should it take to break even with 0.001 BTC/Ghs accounting for the possible difficulty increase |
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I like PBMining. PBMining has a good price for a single Gh/S and a good system for payment, I appreciate it so much. I advice you to try it.
He is reluctant to try anything new. He wants people to spoon feed profit to him |
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2) If u search reddit, u'll find numerous stories that who invested in PB in late 2013 are in profit now. Those were the early days of PB. But, AFAIK PB is no more profitable. But cloudmining.website has just launched with a great offer which is not going to last long as stated by themselve.
3) With 0.001 BTC/GHs rate your investment turns profitable within 3 months.
I think, I have successfully answered your queries. So, if u decide them to join, please use
No, you are avoiding the question by sending me down a wild goose chase. I had a very simple question of one example of an advertised contract rate that turned a profit. Tell me the company, product/rate and date. 3) With 0.001 BTC/GHs rate your investment turns profitable within 3 months.
I think, I have successfully answered your queries. So, if u decide them to join, please use
So you are suggesting users invest in a 3 day old company that has never sold a product that has addressed my initial concerns? Why do you assume difficulty will remain below 8% Don't you consider this extremely improbable judging history? You realize we have another 9.4% expected increase in 11 hours right? So, according to u, how long will it take to break even 0.001 BTC/GHs accounting for the rising difficulty ? No, the company is NOT 3 day old. I did my research before sending them the coins. cloudmining.website first came to this forum to rent miners. Check this => https://bitcointalk.org/index.php?topic=829552.0. So, they are actually mining and according to them they were mining for private contract. They were mining for private contract or for themselve is actually unimportant to me. What is important is they are actually mining. Now, they have opened that mining contract for public only for 3 days. Now, I'm sure, u'll ask for picture, mining address, flight ticket for a data canter tour etc. etc. That really does not matter to me because those who made profit on PB mining were not offered any of those. U even still dont know where GHash is mining. It is actually unknown for all cloud mining companies and given the grey bitcoin tax rules in most of the countries, it is very normal for me. U can definitely wait for years to see proofs while I'll keep making profit by distributing my investment into different ventures. |
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Since these fruitcakes are so desperate to know if this or that is a scam the simplest way would obviously be to invest lousy 20 bucks or so to find out. But instead they sit around for months with their contentless yapping.
And when the initial offer goes, they jump in and lament that the services are not profitable  |
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Thank You. 1) How long has cloudmining.website been operational as a service /site and what is its relationship to PBmining.com? 2) Has either service ever been able to provide a cloud mining contract that has been profitable to any miner, ever? 3) If so, than what contract , what were the rates , and what were the time frames? 1) Following excerpt is taken from cloudmining.website thread... -snip-I couldn't find any payment proofs either on your site nor in this forum, can you show us the tx id of your latest payment to your customers ?
Just yesterday we opened up for public. Please give us some time to have some GHs sales, so that we can show you tx id for payment. -snip- I dont think PB Mining is anyway related to cloudmining.website. I dont know why r u asking this. If u have any info supporting this fact, please show. 2) If u search reddit, u'll find numerous stories that who invested in PB in late 2013 are in profit now. Those were the early days of PB. But, AFAIK PB is no more profitable. But cloudmining.website has just launched with a great offer which is not going to last long as stated by themselve. This is the lowest I have come across so far. How do u guys offer GHs at such a low rate ?
There are multiple factors that enable us to offer low rate like cheap electricity etc. as you will find in FAQ. But, to be honest, the current rate is a promotional offer and we will not offer this for long...-snip-3) With 0.001 BTC/GHs rate your investment turns profitable within 3 months. I think, I have successfully answered your queries. So, if u decide them to join, please use my referral. |
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