This seems like a good thread to post my genesis vs gaw comparisons. I signed up with both of them 4-5 days ago around the same time. I bought a 2 MH with Genesis and a 1 MH with GAW to compare them before I spent some real money. Genesis is giving me around 8 cents a day and ive got a total of 40 cents from them in this time. I expected this.
GAW has been far worse. FAR WORSE. in the 4-5 days I have been with them I have 2 cents total. Not only that but the fees from GAW are eating away ALL of my profits. check these GAW payouts
BTC Payout
0.00020793 BTC
Maintenance Fee
-0.00020792 BTC
That is a huge problem. fees are taking the profits. I did not signup for that and I dont expect GAW to get any better. While genesis payments have decreased a tad they are still way better. I have not tried any other cloud mining companies yet. I was going to try a few more but after my experience with GAW i just dont know.
I'm still here. Been busy with life. I'll update the OP when I get a chance, but the main point of the thread was to serve as a warning rather than an advertisement for various cloud sites. Anybody who has interest in buying these services is probably reading the last couple of pages of the thread anyways. It is smart to start very small to see how much you can get. Cheap Ghs, safe company and low maintenance fees is the winning combination but if the company is well established you will get higher prices That is why you gotta try www.cloudmining.website (0.001 BTC/Ghs), www.cloudminer.io (0.0014 BTC/Ghs), www.hashie.io (4.59 USD/Ghs) etc. where u can actually have some profit. Lower price with higher risks sometimes means a better chance to ROI. Cloudminer is very new but going strong; hashie is interesting if the price of BTC rises I'm not sure whether OP checks this thread anymore. I think, these new 3 are to be included in OP's list... |
|
|
|
I'm hoping Bob is able to get some Amazon cards. I keep missing out every time he has them and my diaper supply is running dangerously low  |
|
|
|
For new uses, simple ways to protect your coins: 1) Don't access the web/internet on the machine that hosts your wallet 2) If you have the time, move/convert your wallet (the file with your private keys) into a paper wallet. Paper might be ancient but I have yet to see a trojan/malware that is able to read paper (except somebody hacking your webcam) 3) If using a digital wallet file, encrypt it with a password/passphrase that is unique (not used anywhere else) and is difficult enough to not be bruteforced 4) Learn to use cold wallets and put the majority of your coins in that wallet Learn to use the tools that the community has created. There are several alternatives to the base Bitcoin-QT that can offer increased security options. If you have a significant value of coins it may be prudent to invest a little time learning how to use something like a cold walllet with Armory or one of the other alternative clients: https://bitcointalk.org/index.php?board=37.0Armory has a walkthough of how to make a offline/cold wallet here: https://bitcoinarmory.com/about/using-our-wallet/ |
|
|
|
Knowing full well that BFL was viewed as Satan, KNC delivered their first batch more or less on time and it was a success compared to the likes BFL and Avalon Batch 2/3. With that good raport they built up they milked buyers for tons of capitol which they then proceeded to use to build their own farm at their own customer's expense - not only were they driving up difficulty reducing earnings for past customers they were mining on their customer's hardware stealing from present customers. So by all means KNC would be a great choice  There are better choices mentioned in this thread. Please take time to read detailed responses like that provided by joust a few posts above. |
|
|
|
If it is a pool that communicates with the general community it will usually refund the fees. BTCGuild's Eleuthria did that as well before on a large fee block. GHash.io may very well refund the fees and we would never know - their communication with the mining community isn't the greatest. Try making a ticket and see where that gets you  |
|
|
|
|
Where's Mr Big Boy pants? Is he going to come in here and state that we made a doctored up FTC website PDF just to slander his company's wonderful reputation?
|
|
|
|
Anyone have a take on LTCgear ?
I have a few shares which have paid out on time every week, however the deal seems too good to be true in many ways which makes me worry that it is of course.
There is very little information which is a concern but then they guy that runs it was selling hardware before completely legitimately and research shows he seemed to be ahead of the game on chip development.
The deal is basically $850 (using the anniversary1yr code and with the BTC discount) for 160MH scrypt mining. You ROI in about 4 weeks, but of course are tempted to reinvest (classic ponzi).
What do you guys think of this ? Too good to be true or ahead of the game ? I think the site is seeing some big volume right now. I am cautiously investing in this... banking some returns and reinvesting some.
Considering that you're a new user and you spammed the same wall of text verbatim in another thread I'm going to guess you are another shill just like I mentioned at the beginning of this thread. How does that sound? |
|
|
|
I'm hopeful about PB mining. The hashrate you pay for is what you get, and this relates almost perfectly with an online calculator. Since you don't get to specify any settings with them, they could have it all pointed at one pool which gives them about 50% more than the online calculator. Just this fact alone, I think it's possible for them to last. I'm not 100% about the 50% more than the online calculator as I'm thinking that's possible based on what a couple people said. So, five years of anything is really pushing it online, but I hope all get returned what they put in, and then re-evaluate.
I'll start looking at the new signups per day, just to make sure it stays around, which I think it will as long as bitcoin does.
Me thinks you need to do some reading before throwing away your money and your opinions. You don't get 50% more for using a single pool. |
|
|
|
I think cloud mining is the way forward, No electricity costs, no worry about fire in your house  as I used to since we started up http://www.polminers.com we have had so many users say how much they prefer cloud mining and how much better ROI they get, Just look at the payout statistics ( http://polminers.com/pricing.php) and this is quite affordable for us. website has disappeared already - is this a new record?! Somebody accused them of being the same people who ran lunamine. That might explain that behavior  |
|
|
|
As hinted previously I will be ending this promotion to everyone who is not a Staff member rank on bitcointalk. Next payment will be final at least from a promotion ran from myself directly. I am considering having a third party run a signature campaign on my behalf with fixed monthly rates and the ability to use a referral link, this isn't confirmed yet though. Any staff who continue to participate in this campaign can PM me for payments each month. If you are unable to find a new campaign feel free to add your Primedice referral link to your signature after submitting your payment request tomorrow. I will update you all in a few days on a potential new campaign as noted earlier in this post. Thanks to everyone who helped make this the most popular signature campaign of all time. Over the past year around 400-500 coins have been paid out to countless thousands of users who collectively made hundreds and hundreds of thousands of posts which in effect has helped primedice reach 1 billion + bets . Thank you Stunna for running the campaign and for PD3 (pretty much spent all my campaign earnings there on PD2 ). I'll keep up my PD3 referral sig unless I find something else. Everyone don't forget to leave Trust for Stunna! |
|
|
|
I believe in what Gavin said on his blog. Most cloud mining services are ponzi schemes. While iim sure that there are some legit ones, i believe by far the majority are ponzis, the top of my list is pb mining.. They dont have any pictures, dont say where they mine, they magically have unlimited amounts of hashing power. My advice is to stay away from them, most likely you wont ROI...
Several of the cloud mining companies have posted in this thread and shown some proof of incorporation and documentation that they are a legitimate company. The problem with pictures is that I could go to any warehouse that has some nice and neat miners and take a picture and say it's mine. When they run off with your money the pictures will serve as a souvenir to the BTC that you lost. Unless the "company" can prove it is an actual company by showing that it is registered with it's local/state governments you can't be sure it's all just a fancy website covering up a ponzi. For those companies like PBMining who claim to have a lot of power all they would need to do to prove they are not a ponzi is show their block generation. You can't fake 20PH/s of hashing power on the blockchain. You can fake pics of 20PH/s. |
|
|
|
|
So is Ebola still a junior varsity virus or has it been drafted in the virus Hall Of Fame? Does it get to go to the White House and have a meeting with him?
Obama's wife was a hospital administrator making almost 1/2 a million a year thanks to a job he created just for her while he was Senator. You would think for 1/2 million a year she would know something about public health policy. A little slow on the uptake there Barry...
|
|
|
|
If ever I lose a certain amount of Bitcoin (large or small), how can I track it down or claim it back? Who should I contact?
I don't think you understand what decentralized means...  You contact the CEO or Bitcoin Mark Karpeles. Joking aside BTC requires the user to have a little computer knowledge about how to secure your coins. Until a relatively foolproof and cheap device is made to secure coins the due diligence is on the part of the coin owner. |
|
|
|
Spondoolies SP20 vs Antminer S3... which has better power efficiency and which has the better price? Discuss!
The Spondoolies miner comes in at $.70/gh right now. Not even close to BMT. I'm not sure what else there is to discuss. At 1100W it's not even as efficient as the S3+.0.64<0.78-true statement 0.64>0.78-false statement 0.67-for Sp-30 355 (w)/453GH=0.78 S-33000(w)/4500GH=0.67 SP-30 1100(w)/1700GH=0.64 Sp-20 Price-wise, S-3 has a ~14% advantage over Sp-20 (~10% if giftcard was used) That S3 rating is with 120V. It gets more efficient when using a 240V feed. Not enough to alter the ratio significantly though. |
|
|
|
Sorry to be the bearer of such depressing news but...
The large private datacenters/ASIC manufacturers are so far beyond home miners in every conceivable way. The difficulty will continue to rise long after mining at home is completely unprofitable.
And if/when difficulty starts to decline, it will never again be profitable for home miners to join back in the game because the massive datacenters will ride a thin line of profitability that will exclude everyone else but the most efficient operations.
I have a feeling this is coming pretty quickly. IT is almost impossible for any home miners to make an ROI atm and i doubt it will be possible at all by the end of the year unless bitcoin price spikes to at least 800. That is fiat ROI which basically has no connection with mining whatsoever. Anybody wanting fiat ROI is always better off buying and just waiting for a BTC price increase. BTC ROI was possible earlier this year and now seems impossible from any vendor at current prices. It would be possible if the manufacturers dropped their prices significantly but they have no reason to do so. Well buy and hold for fiat roi does not always beat mining. but If you told me which one I am leaning towards at the moment buy and hold over buy a miner. Buy and hold/sell is always better than mining if the goal is to increase fiat since you will always have liquidity. Supposed you ordered 20 S3+ last week and Bitcoin just shot up to $1200. If you bought the coins you could dump them for $1200 and have a guaranteed 2.5x profit while you would still be waiting on the S3+s to mint coins. It is possible for the miners to pay back more BTC (as in BTC ROI), but for fiat pure liquidity is crucial and buying hardware doesn't allow exchange arbitrage or following P&D. |
|
|
|
exelent calculations, so this means you have found a very good way to earn out of mining, which miners do you use ?
GPUs :p I assume you are not going to be mining bitcoin with this setup (likely will use a multi pool with scrypt based coins or some other algo). I would not at all be surprised to see the difficulty increase as a faster pace this winter as people start to use their ASICs that are no longer energy efficient enough to mine more BTC then they cost in electricity again to help heat their home. That might be true if the older machines had some relevance. I replaced 5 BFL Singles doing 300GH/s and pulling 1500 Watts with just 1 Antminer S3 doing 450GH/S with just 350Watts. Even if every Avalon, BFL, AM Blade and block eruptor came back online it would be less than 10PH/s. Also as winter comes to the north, southern hemisphere like Venezuela with cheap power goes to summer - so minimal season effect. |
|
|
|
Sorry to be the bearer of such depressing news but...
The large private datacenters/ASIC manufacturers are so far beyond home miners in every conceivable way. The difficulty will continue to rise long after mining at home is completely unprofitable.
And if/when difficulty starts to decline, it will never again be profitable for home miners to join back in the game because the massive datacenters will ride a thin line of profitability that will exclude everyone else but the most efficient operations.
I have a feeling this is coming pretty quickly. IT is almost impossible for any home miners to make an ROI atm and i doubt it will be possible at all by the end of the year unless bitcoin price spikes to at least 800. That is fiat ROI which basically has no connection with mining whatsoever. Anybody wanting fiat ROI is always better off buying and just waiting for a BTC price increase. BTC ROI was possible earlier this year and now seems impossible from any vendor at current prices. It would be possible if the manufacturers dropped their prices significantly but they have no reason to do so. |
|
|
|
|
Quick, someone summon the Bill, I mean Clinton. You know he can't handle being out of the spotlight for more than a week and any press is good for Hillary 2016.
|
|
|
|
I like to see girls of that... caliber. By "caliber," of course, I refer to both the size of their gun barrels and the high quality of their characters... Two meanings... caliber... it's a homonym... Forget it.  |
|
|
|
104F degrees out here in LA today. I really envy you guys getting a bit of cool weather. I can't even go out for a walk with kids let alone think about miners |
|
|
|
|
Show Posts
