Contractmine.com - Order tracking - Test Order

[siampumpkin]

Interested to know if anyone has any experiences with ContractMine.com

I am just curious. I know cloud mining is a risky venture and have money tied up in other cloud mining operations that are
questionable at the moment. I was just curious about this one.

I have invested in 1 share @ $1.49 via PayPal payment. I will report back the BCT community on payouts and how this works out.

Order has been placed. Pending fulfillment. Jan 2, 2015 3:03 UTC

 

[siampumpkin]

UPDATE

Received email 1/3/15 Processing order:

Thank you for signing up, payments are processed the last Sunday of the month (GMT -8:00). You will receive your first statement and payout (if your balance is more than 0.0001btc) on Sunday, January 25th.

Sincerely,
Chris L.

On the site they claim to show the owners real name and background information for transparency. I have no way to know if it
it true information but it is a good start I guess.

Updates to continue if payment is received.

[dwyer17]

Seems way overpriced to me.

Each share is $1.49

Each share gets 0.16 GH/s and 0.03 Mh/s

Does that mean you are paying about $9 USD per GH/s?

If my math is correct, and if we are talking about GH/s to mine bitcoin, that is insane.

[siampumpkin]

Yes, it is extremely overpriced. I don't expect to ever see any payout from one share. I have not received anything or any status to what i have earned as the site has no stats at all.  Very poor user experience. 

[newIndia]

I think it is better to invest directly in cloud mining websites those are showing payment proof.

[siampumpkin]

I think it is better to invest directly in cloud mining websites those are showing payment proof.

I agree. I was curious so I tested a small order. Probably not large enough to get any payout but their should be some visible stats. A least I would know where I stand. IMO this one is pretty fishy and not long for life I think.

[siampumpkin]

Payout information and Stats for December. I purchased one share of Round C

When do I receive Bitcoins from my contract?

    Payouts are on the last Sunday of the month (GMT - 8:00).  If your earned balance is less than 0.0001 BTC, you will only get a balance statement until your balance is more than 0.0001 BTC at which point, your bitcoins will be sent to you.

What does a single share payout per month?

    Payouts per share can vary because they are calculated based on returns from the mining contracts for each round each month.  Below is what each round paid out for December 2014 for a single share:

        Round A - 0.000004
        Round B - 0.000009
        Round C - 0.000026

[siampumpkin]

First Payment Received. 0.00005208 For Jan 15, 2015

Monthly Payment Report

Round C Mining Report December Total               
GAW Miners
0.03322856
Zeushash
0.00243431
Genesis Mining
0.00398050
Hashnest
0.00435506
CEX.io
0.00011614
Cryptomine.io
0.00000000
Scrypt.cc
0.00552634
Eobot
0.00034810
AMHash
0.00209425
Total:
0.05208326
 

[jackbox]

First Payment Received. 0.00005208 For Jan 15, 2015

Monthly Payment Report

Round C Mining Report December Total               
GAW Miners
0.03322856
Zeushash
0.00243431
Genesis Mining
0.00398050
Hashnest
0.00435506
CEX.io
0.00011614
Cryptomine.io
0.00000000
Scrypt.cc
0.00552634
Eobot
0.00034810
AMHash
0.00209425
Total:
0.05208326
 

Wow! That's some big money mining you are doing there. 

[siampumpkin]

There seems to be no interest in this thread so if this continues I will abandon it. 

[siampumpkin]

No further payment has been received. No interest in this thread. That sucks   

[jackbox]

No further payment has been received. No interest in this thread. That sucks   

Yea. Nobody cares about this sucky cloud scamming service. 

[siampumpkin]

No further payment has been received. No interest in this thread. That sucks   

Yea. Nobody cares about this sucky cloud scamming service. 

I can see that. Thanks for your insight. I will not post anything further unless there is interest.

[siampumpkin]

Cloud mining terminated. Full refunds received. Locking thread.

February 22nd, 2015

Dear Customer,

Today we are going to refund all customers what they paid for mining contracts through us, regardless of previous payouts. You'll receive the full refund price of what you paid later today. The reason why is simple, the method in which we sell contracts is too closely related to selling securities and "shares". We've seen some high profile arrests and raids related to Bitcoin companies over the past couple of months here in the U.S. and it's not worth the risk. As a result, I am simply going to refund your order in full and cease the selling of mining contracts. I wish everyone the best and hopefully you understand the reasons.

Your refund will be sent today before 6PM Pacific Time (Feb 22nd) to your Bitcoin wallet address that you provided us with this notice.