Dear Bitcoin Community,
We have just finished our new mine and launched our new site, here's some more information about our Cloud Mining and Colocation service as requested in another Topic.
Cloud Mining We have always had a problem with the fact that Cloud Mining providers generally charge almost everything upfront, their profit, running costs, everything in the initial cost per GH/s, some even charge an additional ongoing % management fee. They're basically betting against Bitcoin by saying you give us £ or $ now to run for a year and hopefully you receive more btc back, it doesn't effect us we've already made our money.
Well we've decided to do things a bit differently on our new site, we charge the cost price of the hardware as the initial one off cost per GH/s including any relevant import taxes, shipping costs, one months running costs and any additional equipment required, PDU's, server cabinet accessories, shelves etc.
This hardware is then run 24/7 and at the end of each month we take the running costs (our standard Colocation fees) for the next month of mining from the pool of mined coins divided between members. This means we can run hardware indefinitely there's no fixed end date as you would do at home, run the hardware until it's redundant, until it can't pay it's monthly running costs but you can do all this with a 1GH/s share using the latest ASIC hardware.
We can currently offer contracts from 1GH/s up to 8TH/s. Using our new method we can start contracts instantly, offer a far lower cost per GH/s, no fixed end date and lower entry levels.
We make our money from mining, from selling our rack space. not from betting against it.
06/06/14 From only $2.80 per GH/s or $1.47 on Pre Order
http://www.groupbitcoin.com/products/bitcoin-mining-contractsColocationWe now also offer a colocation service to everyone where you can host your hardware in our UK mining facility, the largest in the UK. From only £25 per ‘u’ per month it’s also great value, electricity at cost price 18p per Kwh (the UK average). High power density (96 amps at 230v per cabinet) which is needed for mining hardware and generally isn’t available elsewhere, raised access floor, contained cold aisle with powerful cooling and 24/7 security systems. Extensive internal physical barriers, man trap entry system, CCTV and 24/7 remotely monitored alarms, Perimeter fencing monitored by a security company which is locked at night. Backup internet connections and cat5e cabling which we make ourselves for each switch/cabinet. Platinum members are more than welcome to come visit our mine, a maximum of two people and government issued photo ID is required (Passport or Driving License) contact us for full details.
Our current offer is £25 per ‘u’ of rack space per month, pre paid for 6 months.
In the Bitcoin world at the moment nothing is quite as important as a companies legitimacy. We've been going since October 2013 and have seen many other sites and competitors come and go for various reasons. We're open and transparent with clear terms of service. Our systems are secure and our site cannot be hacked of it's coins as we currently do manual monthly payouts. Support by phone, email and live chat. We're a registered UK Limited Company No. 08826900. We are one of... if not the only Cloud Mining company to show pictures, allow customers to come visit us and the mine. Few people realized the work and the facility needed to run TH/s of mining power. The pictures on our site are our own, we don't use pictures from Google images of data centers.
Lots of our customers were scammed by things like Bitcominers who claimed to have almost 1000TH/s. In order to do this you would need your own sub station in the UK or a huge extremely expensive Colocation deal at a new empty data center, basically they weren't mining and never planned to.
Our site reviews are through Yotpo which verifies people through their FB/Twitter accounts
http://www.groupbitcoin.com/pages/customer-reviewsMentions on Cloudminingreviews.com
http://www.cloudminingreviews.com/group-bitcoin/http://cointelegraph.com/news/111654/uk_s_largest_dedicated_btc_miners_introduce_cloud_mining_ltc_mininghttp://www.coinsetter.com/bitcoin-news/2014/06/02/group-bitcoin-introduces-cloud-mining-services-to-uk-market/http://airherald.com/btc-miners-in-uk-launch-cloud-mining/1770/Miners support the whole system without them Bitcoin couldn't exist.
Justin,
www.groupbitcoin.com
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