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1  Bitcoin / Mining support / CPPSRB Vs PPLNS for low hash mining on: November 24, 2014, 03:49:56 PM
Hey all,

To start - Im looking to start "fun" mining as I basically want an excuse to start a new project Tongue. I have done a bit of research into these two pool reward types.  I have "dabbled" a bit with BTCguild and fully understand PPLNS. I pretty much get CPPSRB although have never used this type of pool.

When it comes to a small hash rate, which is the best pool type to pick? Im looking at Eligius for CPPSRB or BTCGuild for PPLNS.

I understand CPPSRB has a cap so my assumption is that with a low hash miner im never going to be close to a cap? Or I am wrong saying that?
Is it also correct to say if you don't hit a certain number of shares with CPPSRB you receive no reward?



Any info/experience with these pools appreciated.

Thanks

Just to note, Low hash mining in my case = 30-40GH/s
2  Bitcoin / Pools / Re: Is Ghash.io cloud mining a scam? on: November 22, 2014, 04:09:37 PM
Really appreciate the advice guys thanks for helping a noob Tongue


Its now been 24 hours, balance is -0.00002234. As I expected its slowly getting more and more negative....absolute madness..


Cannot recommend Ghash's cloud service at all.

Will be selling my GH/s and looking into other cloud mining.


Does anyone know what the GH/s would need to be in order to just break even on the ghash cloud?  I would have though 15GH(what im using) is more than enough to yield a very minimal but positive balance...clearly not.  Huh


EDIT
Balance: -0.00003648

This is ridiculous lol...
 
3  Bitcoin / Pools / Is Ghash.io cloud mining a scam? on: November 22, 2014, 02:04:51 AM
Hi there,

Just to clarify I am not in this for profit. I am doing this for fun/self project/want to experience mining.

With that being said, I bought a 333MH/s usb miner, set it up and after a day had 0.00000160 in my ghash.io account.

Finding this awesome that i had experienced mining in its most basic form I though why not just buy some cloud and see what happens  Cheesy...huge mistake  Embarrassed

I now have negative in my account..I bought 15GH/s. I know they take maintenance fee but I had no idea i would lose bitcoins instantly just from using their service :S

I am currently at -0.00000412 and assuming its just going to get lower.

Iv contacted cex.io about this and they have just repeat said basically...sorry risks involved..

Exact words

Quote
"We apologise that you are experiencing concern over your mining operations, and ask that you read our Risk Warning.
https://cex.io/risk-warning
Please note that there is Risks involved in all ventures, there is no guaranteed profit in investment.
We are working to provide the best service to our customers, and to improve it as soon as we can."

and (in another message)

Quote
"We apologise that you are experiencing concern over your mining operations, and ask that you read our Risk Warning. 
https://cex.io/risk-warning
Please note that there is Risks involved in all ventures, there is no guaranteed profit in investment. "


Yes I know risks are involved..but just straight out going negative within 30 minutes of using a service? How can that be legit?

Any others with this issue?
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