We will be switching to automatic withdrawal processing within 1 week.
Everything is taking longer than usual right now due to the Holidays, but everything will be back on track on Monday.

Congratulations to the winners and thank you for participating, everyone!

Here are the results:

1. pastafarian - 319.2357 (0.5210)     - 1 Th/s
2. bitllionaire - 320.5652  (0.8085)     - 0.5 Th/s
3. kepo07 - 320.8554      (1.0987)      - 0.5 Th/s
4. FeelTheBeat - 321.1234 (1.3667)   - 0.2 Th/s
5. monetizator4 - 318.2514 (1.5053) - 0.2 Th/s
6. kotwica666 - 318.2333 (1.5234)    - 0.2 Th/s
7. rayhan - 321.8200 (2. 0633)          - 0.2 Th/s
8. s1ng - 321.9581 (2.2014)              - 0.2 Th/s

dbshck - 317.1017 (2.6550)         - 0.1 Th/s
sukamasoto - 316.6857 (3.0710) - 0.1 Th/s
cypher21 - 322.9876 (3.2309)     - 0.1 Th/s
feryjhie - 315.8487 (3.9080)       - 0.1 Th/s
TinEye - 315.000                        - 0.1 Th/s
kusumadewi - 314.7231              - 0.1 Th/s
tyrexis - 314.6583                      - 0.1 Th/s
lexuz - 314.3567                        - 0.1 Th/s
sumantso - 314.2214                 - 0.1 Th/s
zenithzz - 314.000                     - 0.1 Th/s

All prizes will be credited and activated this evening.

Happy New Year, everyone!

The midnight BTC value is $319.7567.



Congratulations to the winners. The exact list will be published tomorrow.

Thanks to everyone who participated.  Only posts edited before 12:00pm will be taken into account. I will post the screenshot with the exact number after midnight and prizes will be allocated tomorrow.

Here's what we had in mind to celebrate the  New Year and get the optimism going right from January 1st.

Total prizes: 4 Th/s Bitcoin  mining power.
1st place: 1 Th/s (currently generating 0.0150 BTC/day)
2nd, 3rd place : 2x 500Gh/s (currently generating 0.0075 BTC/day)
4th - 8th  place: 5x 200Gh/s (currently generating 0.0030 BTC/day)
Consolation prize: 10x 100Gh/s (currently generating 0.0015 BTC/day)

How it works:
In the lower-right corner of your Cryptomine dashboard there are the current quotes of  6 popular bitcoin exchanges.
To participate, you have to try and guess the exact average(4 decimals) of the prices that these exchanges will show on Thursday, Jan. 1st at 0:00. GMT.
The average and the exact time will also be displayed on your dashboard on Monday, as shown in this screenshot:




Rules:
1. To participate, you must be a bitcointalk.com member with a minimum post count of 10.
2. You must also have an account with us. (Sign up here - cryptomine.io/authzone/signup.php)
3. Whoever comes closer will get the 1st prize of 1Th/s bitcoin mining power. Just the price difference is important. It can be either positive or negative.
4. If two or more participants qualify with the same price entry (I repeat, 4 decimal digits), they will be separated by posting order.
5. Entries will be accepted until Wednesday, December 31st, 12:00 pm(noon) GMT.
6. You can modify your answer as many times as you wish until Wednesday, December 31st, 12:00 pm(noon) GMT, but posting sooner will give you priority in the case of a draw.
7. I will be posting the screenshot with the exact winning price average on Thursday January 1st, at a reasonable time before 6 pm. You are free to check the accuracy of the numbers by refreshing your Cryptomine dashboard at New Years.

Good Luck and Happy Holidays!

1. Yes, as a matter of fact, our estimations take into account a ~ 9-10% difficulty increase every 2 weeks, so right now the estimations are lower than what is being earned.

2. The daily rewards shown on the mainpage does not factor in electricity. But all estimations and graphs do. The most detailed information about profitability can be found on the "Mining Power" tag of your control panel, right before purchasing a contract.

Everything is up & running again. No data was lost or compromised and all pending payments have been resolved.
Thank you for your patience during this uncomfortable situation.

Ok, things almost taken care of. Site is back up, with better protection this time. Secure SSL connections are not available yet,  so you won't be able to log in just yet. We'll get this sorted in a bit.

The DDoS attack was performed by DD4BC, a group of bored underprivileged children, I assume.  They take advantage of the fact that most websites use cloudflare for convenience and they manage to find the direct server IP address, which they then attack.
We have switched to incapsula, who emphasize ddos mitigation and protection much more than cloudflare.

So be careful anyone using cloudflare. Not really much protection if your server's ip can be found so easily. 

Hello folks. It seems the website is under ddos attack. No need to worry, we will be migrating to a more secure server tonight.
I chose the bahnhof.net  hosting personally, because I liked what they stand for and the fact that they are promoting libertarian principles.
But.. that does not protect against attacks.
Anyway, the mining operation is not affected and no data will be lost during the migration. It's going to be a few more hours and everything will be back to normal, on a hardware shielded server.
We thought cloudflare protection was enough, but apparently not.   

Nice work. Only we already mention on our website that the mine is located on an industrial estate in mainland Europe.
The company address in London is for legal purposes only. But I get it that's more exciting to "uncover stuff" than read all we have to say first.

I repeat, right now we are managing a private mine, of which we only own part. We cannot point just our share of the mining power to a public pool, as our contract is quite rigid and does not allow for this. But come February, we will no longer be under contract and will be able to do whatever we see as reasonable, which includes many of your proposals.

Thank you.

You need to contact our support. They will change it for you.

Yes, we could. But that would be taking it a little too far, only for argument's sake.

Until we can do good on our promise, everyone is, of course, free to make their own informed decision.

I really appreciate the new tone of the discussion. It's nice to see things kept decent and cool.

There is a lot of reason to doubt us right now, I agree. And I am also aware that the collapse of the ponzi pbmining will generate some turmoil and will make waves.

We are keeping everything low-key for now, until February, when we will be able to shed some light on our operation and clear everything up.
Currently, we are only accepting bitcoins and the advertising campaign sums up to a banner and the signature campaign on this forum.
Until February, my goal is to make our services known to the more frequent users and cryptocurrency enthusiasts. After we will be able to provide consistent proof, we will also start getting our advertising, marketing and social presence into gear.
Until then, bare with us and enjoy the Holidays and the New Year. They're just around the corner...

The mining rewards can vary from one day to the next. Profitability goes down when mining difficulty increases, but between difficulty changes, daily profitability varies depending on the luck factor.
I think you are misinterpreting things a little. It's best to use an independent profitability calculator, such as found on coinwarz, to get a clearer picture.

Didn't know you guys were an item. But whatever floats your boat.
I think you stated your point of view several times on our thread. I respect your opinion and anyone who wishes to see it can do so countless times since the beginning of the thread. But it is just that, a personal opinion based on assumptions and suppositions. I explained our situation and gave a pretty specific deadline for everything. We are not in any rush to go anywhere, as you can tell pretty clearly from the way we conduct our advertising campaign and pace our strategy. We haven't even began accepting anything other than bitcoin. Anyway, thanks again for the valuable input.

First of all, thank you for the vote of confidence, Mabsark. Haven't played tag in a long time.

Second, yes, I can easily prove you wrong and I will. I have already said this a bunch of times, but perhaps not clearly enough. We are under contractual obligation to manage a joint mining operation and not to disclose any pictures or other media materials of the facilities or hardware until the end of January 2015. Come February, we will be free to do whatever we like and this includes moving into a new separate facility. 

Now if this sounds like we plan to close up shop in February, then by all means think just that. Everybody is entitled to an opinion and everyone can decide for themselves if to believe what I am saying is true or not.  But please, enough of this finger pointing and going over the same things over and over again. I think everyone has made their point pretty clearly and there is no use in playing childish games or repeating ourselves indefinitely.

Yes, we did have days in which the payout was less than the theoretical value, but not many. The pools we mine on are held by a partner company that does this exclusively and it's their job to keep these pools on the cutting edge. Fortunately we managed to secure an independent agreement with them starting February.

The current reward displayed on our website is accurate.
Please don't forget the luck factor involved in cryptocurrency  mining. On our website we display the latest daily mining result obtained.
The theoretical calculations show an average possible mining reward, not a maximum one. The actual results can vary quite a lot, depending on the pool luck factor.
There is always room for optimization and certain pools manage to swing the luck factor in their favor more of the time than others.

We are not misleading anyone and the reward displayed on our website is the actual reward our clients received the day before. We try to keep things as accurate as possible.
If you are interested in purchasing a mining contract to see how we do things first hand, I will be more than happy to accommodate your request.

 

Electricity prices are fixed at $0.000816 / Gh per day and $0.014 / Mh per day.  Please note these are fixed in USD and when Bitcoin drops in value, as is the case now, naturally, electricity prices expressed in BTC will increase slightly.

We're implementing final changes regarding prices & rates.  Didn't want to take the website down just for this, as it's going to be over  in under an hour.

I am not just referring just to the last change. But since we started, at the beginning of November rates have been quite constant, which is a very lucky break.

All website problems have been addressed and everything works properly now.  Purchasing issues on certain browser versions has been fixed.

Electricity costs have been factored in the displayed rates, as these were already being deduced by our internal engine and subtracted again by the user when calculating estimations.
This is why certain users felt that profitability is not making sense.



The price changes are permanent. Even if these are not very significant, for Bitcoin especially they are meant to gauge more interest to Scrypt mining contracts.
We will not raise prices if mining difficulty continues to decrease.