You know we do make a lot of our BTC from mining and exchanging scrypt coins? 35,300 MH/s infact Not Just SHA-256.
So when someone buys a SHA contract, you don't actually mine SHA coins? Do you mine any coins? This thread is a joke, pure unfounded speculation...
where did you get the SP20's from? I didnt say we used any spondoolie tech equipment.
SP20s are the cheapest option. Ok, so you admit that you are using equipment that is more expensive and costly to maintain. Your losses are much greater than I estimated. as someone above said, im not obliged to explain myself to any of you idiots specualting alot of nonsense, I'm not going to waste my time
reading the above, Mabsark and Syke really need to get a life and stop harrasing a legitimate service, Stop wasting your time.
You have shown absolutely no proof that you are legitimate, so I will continue shedding light on your scam everywhere I can. |
|
|
|
if they carry on paying out, surely its not a scam?
And what will you say when they stop paying out? Here's proof they cannot continue paying out. The costs I personally cannot help to clear up, I know we are taking a small loss and are very hopeful of increases to the value of bitcoin rising soon, but things are steady and only improving so we are in this for the long run without unforeseen problems .
Let's analyse this "small loss" using the best numbers possible. Expense: Cost of 15x SP20s = $5,495 15x PSUs = $1500 Cost of power ($.26/kwh * 24 * 365 * 15 * 1.2 kw) = $40,997 Total Expense: $47,992Income: 25.5 TH/s mining ($60.5 * 365) = $22,083 25.5 TH/s contracts sold (25.5 * 1000 * .00087 * 205) = $4,548 Total Income = $26,631$48k vs $27k. They are running a massive loss, nearly double what the income is, not even counting the promotions, the free hashpower giveaways, website development, etc. |
|
|
|
|
The trouble is scam operators post self-moderated threads in the Announcement sections where regular users see them, and there is no way to criticise the operator. Posting another thread buried in the Scam section that no one reads is insufficient.
Allowing new users to post self-moderated threads is a huge problem.
|
|
|
|
Has anyone tried the RAIDMAX PSUs? In SA I can pick up the raidmax rx1000ae http://raidmax.com/psu/rx_1000ae.html PSU cheaper (R300) than the Corsair CX750(m) and similar brands. It is also rated as 80+ Gold. I ran a lot of GPUs on Raidmax PSUs, and never had a problem. The multiple rails isn't that great, but if you're just going to power a single S5 it would be fine. Plus, they come in a cool reusable box.  |
|
|
|
We offer both SHA-256 & Scrypt mining 1 year contracts contracts.
Can I see a copy of this "contract"? How do you calculate payouts? |
|
|
|
They are big on the self moderation... Their latest posts suggests they make about $500 profit per month on their supposed 354TH/s. I have asked how they can afford the 7% affiliate program considering they dont make anywhere near that much. I doubt my post will last long. Edit: If its legit  Its unprofitable in days minethatcloud.com is selling "cloud contracts" for less than the price of actual mining hardware. Legit? 1) No mining address 2) No endorsement 3) No pictures 4) Unlimited sales 5) 7% affiliate plus hashrate giveaways 6) Anonymous operators 7) No way to sell the contract back minethatcloud.com 1+2+3+4+5+6+7 => 7/7 = Ponzi |
|
|
|
Once again, Looks like to have to repost this due to unfounded hatred of our service.
Then answer my questions. What is your mining address? What business entity is running this service? |
|
|
|
We can assure you we are legitimate, But only time will prove that.
What is your mining address? |
|
|
|
... Meanwhile, price has gone up $20 in the last twelve hours.
¯\_(ツ)_/¯
Time to turn some miners back on! |
|
|
|
All very impressive but is this still viable with the current price? I would have though investors will be very nervous right now.
12-month pre-payment plan ($80/kwh), 2 TH/s: If you have the most efficient miners at .5 J/GH, income is $137/mo, hosting is $80, you are sitting at net $57/mo. If you have the average miners at .7 J/GH, income is $137/mo, hosting is $112, you are sitting at net $25/mo. If you have old miners at 1.0 J/GH, income is $137/mo, hosting is $160, you are sitting at negative $23/mo. |
|
|
|
|
This is my second time asking these questions. Please answer:
Can you show your mining address to prove that you actually have the stated hashrate?
What company and/or individuals are running this business?
|
|
|
|
We dont have 154 TH/s, We have 354 TH/s.
We make ~16,500 GBP - ~$25,500 Per month using our mining hardware.
sure we are worried about losing money at the moment due to the decreased price but we are positive this will increase and of course hardware goes out of date we will need to cross that bridge when we come to it.
If you have the most efficient miners available, and have them underclocked for maximum efficiency of .5 J/GH, your 354 TH/s costs $33,000 per month at your least expensive facility. You are running at a massive loss right now. Can you show your mining address to prove that you actually have the stated hashrate? What company and/or individuals are running this business? |
|
|
|
Could you have underclocked it more? How is the noise level at those settings? I can't find a proper review of these anywhere...
They don't adjust voltage, so they're 1 J/GH at all clockspeeds. Noise-wise they're quite loud. |
|
|
|
And it only cost 1.8 something BTC  Did you get your 1.8 BTC .pdf yet? |
|
|
|
I must say though, I'm sure to run a service they don't have to register a business, even if they were legit or not..
They're the ones claiming to be "the most professional". I'm sorry, but you're not "the most professional" if you don't even have a business structure. If they change that to be "a guy in his mom's basement pretending to be running a mining operation but really it's just a ponzi", then at least it's accurate. |
|
|
|
"You dumbfucks...."
Really? Though I have not run across you before Icebreaker, I feel very comfortable adding you immediately to my ignore list.
He is HashFast's biggest cheerleader. Even to this day he defends them nonstop. Putting him on ignore is a very wise choice. |
|
|
|
But even so, today you can count on about 1/2 your mining earnings to be eaten up by electricity costs (depending on your rates, of course). Using $0.085/kWh as an example, consider this:
SP20 @ 1650GH/s, 1250W: earns $4.15/day. Costs $2.56 in electricity. Net profit: $1.59/day.
SP20 @ 1200GH/s, 640W: earns: $3.02/day. Costs $1.31 in electricity. Net profit: $1.71/day.
Obviously in this case it is better to underclock your SP20 (or SP10); you will increase your net profit. YMMV depending on your local electricity rates.
I think most people have higher electricity/hosting rates than that, so underclocking will be even more important. |
|
|
|
I can assure you that we are the most professional and sturdy and will be here is 15 years time!
Ok then answer these simple basic questions: 1. Show the bitcoin address that you are mining to so we can verify you have actual mining hardware running. 2. Show your business registration. 3. Where are your Terms of Service and Contract details? |
|
|
|
I wonder if at this exchange rate HF would allow full BTC refunds That's the great thing about HF. If the price goes up, they refund USD. If the price goes down, they refund BTC. Windfall for HF no matter what happens. |
|
|
|
I'm sorry I don't speak abbreviation ... What is the C7 and who are the DC ?
C7 is the name of the data center (DC). They're an expensive traditional server hosting facility. An absolute horrible choice to host miners there. |
|
|
|
|
Show Posts
