Bitcoin World Largest Mining Farm!

[CryptoJeweler]

Hi All,

Bitcoin Press Releases: OXBTC (www.OXBTC.com) – a China-based cryptocurrency investment platform lately unveiled its upgraded and expanded farms for Bitcoin/Litecoin/Ether cloud mining, which is about to beat all major miners and become the world’s largest one.
Located in 3 different regions in China (Sichuan, Ordos and Inner Mongolia), OXBTC’s mining farms cover a total area of over 200 acres, running away 10 PetaHash Bitcoin cloud hashrates and 30 GigaHash Ether cloud hashrates – a brand new and innovative cloud service to follow the trend for Ethereum.

Thank you
CryptoJeweler

[Erumara]

Mmmmm delicious cloudmining nonsense!

Not sure if you're looking to support more cloudmining outfits, or you're directly involved, either way we'll break this down!


$189usd/TH = $888usd/4.7TH or roughly the price of an S7 w/ PSU

Maintenance fees = .0009usd/gh = $.9usd/th = $4.23usd maintenance @ 4.7th = ~$0.14usd/kwh

4.7th x .0029btc/th/day (bitcoinwisdom @ current diff) = .01363btc/day = $6.13usd/day (diminishing)

Total take $6.13 - $4.23 = $1.90/day at current difficulty and price

$1.90/day to pay off an $888 investment = 467 days if nothing changes, with the halving coming ROI is utter nonsense.

Withdrawal is available 24/7. All withdrawals are processed by our system automatically and it will be very fast to receive your Bitcoin in your wallet. But it may take a little longer for manual review if it’s a big amount to guarantee safety and avoid hacking attempts.

Scammy nonsense for "If you have a lot of BTC, anticipate BS withdrawing it"

Cloud hashing power indicates your ability to mine crypto-coins. The more hashing power you have, the more ROI you will get. Hashing power is the underlying driving force for the entire crypto-currency network. Cloud hashing power provides mining service in the “cloud” and support in the network in general.

This line is intentionally misworded, your ROI will always be a % of your investment. Of course if you invest more you earn more, but it certainly does not compound.

5.6 PH/s hashing power with the electricity cost as low as 15 cents per kWH

According to this line here, assuming they don't have some new miner more efficient than the s7, they're barely making money whether BTC, LTC, or ETH, and will fail after the halving unless the price skyrockets.

OXBTC provides the most profitable cryptocurrency deposit investment and the foundation for its high ROI is its 3 mining farms which are among the largest ones in China and they are run under very low electricity cost and highly efficient operation.

Directly contradicting the previous statement.


If they are charging ~$0.14usd/kWh maintenance (assuming s7 efficiency), and they claim to pay $0.15usd/kWh electricity, how are they still in business unless this is another fancy ponzi?


This page is full of lies [Biggest mining farm? Maybe. Where is the hashrate on the network?] and inconsistencies [200 acres for 10PH!?!? WTF do they do with the other 198 acres?] . I do not go around calling all cloudmining a scam, but they could try a lot harder!

[CryptoJeweler]

Mmmmm delicious cloudmining nonsense!

Not sure if you're looking to support more cloudmining outfits, or you're directly involved, either way we'll break this down!


$189usd/TH = $888usd/4.7TH or roughly the price of an S7 w/ PSU

Maintenance fees = .0009usd/gh = $.9usd/th = $4.23usd maintenance @ 4.7th = ~$0.14usd/kwh

4.7th x .0029btc/th/day (bitcoinwisdom @ current diff) = .01363btc/day = $6.13usd/day (diminishing)

Total take $6.13 - $4.23 = $1.90/day at current difficulty and price

$1.90/day to pay off an $888 investment = 467 days if nothing changes, with the halving coming ROI is utter nonsense.

Withdrawal is available 24/7. All withdrawals are processed by our system automatically and it will be very fast to receive your Bitcoin in your wallet. But it may take a little longer for manual review if it’s a big amount to guarantee safety and avoid hacking attempts.

Scammy nonsense for "If you have a lot of BTC, anticipate BS withdrawing it"

Cloud hashing power indicates your ability to mine crypto-coins. The more hashing power you have, the more ROI you will get. Hashing power is the underlying driving force for the entire crypto-currency network. Cloud hashing power provides mining service in the “cloud” and support in the network in general.

This line is intentionally misworded, your ROI will always be a % of your investment. Of course if you invest more you earn more, but it certainly does not compound.

5.6 PH/s hashing power with the electricity cost as low as 15 cents per kWH

According to this line here, assuming they don't have some new miner more efficient than the s7, they're barely making money whether BTC, LTC, or ETH, and will fail after the halving unless the price skyrockets.

OXBTC provides the most profitable cryptocurrency deposit investment and the foundation for its high ROI is its 3 mining farms which are among the largest ones in China and they are run under very low electricity cost and highly efficient operation.

Directly contradicting the previous statement.


If they are charging ~$0.14usd/kWh maintenance (assuming s7 efficiency), and they claim to pay $0.15usd/kWh electricity, how are they still in business unless this is another fancy ponzi?


This page is full of lies [Biggest mining farm? Maybe. Where is the hashrate on the network?] and inconsistencies [200 acres for 10PH!?!? WTF do they do with the other 198 acres?] . I do not go around calling all cloudmining a scam, but they could try a lot harder!

Hi Erumara,

Thank you for your feedback.
If they are not transparent the why they disclose their mining location and their payout address?

Thank you
CryptoJeweler

[xhomerx10]

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

[Phildo]

Mmmmm delicious cloudmining nonsense!

Not sure if you're looking to support more cloudmining outfits, or you're directly involved, either way we'll break this down!


$189usd/TH = $888usd/4.7TH or roughly the price of an S7 w/ PSU

Maintenance fees = .0009usd/gh = $.9usd/th = $4.23usd maintenance @ 4.7th = ~$0.14usd/kwh

4.7th x .0029btc/th/day (bitcoinwisdom @ current diff) = .01363btc/day = $6.13usd/day (diminishing)

Total take $6.13 - $4.23 = $1.90/day at current difficulty and price

$1.90/day to pay off an $888 investment = 467 days if nothing changes, with the halving coming ROI is utter nonsense.

Withdrawal is available 24/7. All withdrawals are processed by our system automatically and it will be very fast to receive your Bitcoin in your wallet. But it may take a little longer for manual review if it’s a big amount to guarantee safety and avoid hacking attempts.

Scammy nonsense for "If you have a lot of BTC, anticipate BS withdrawing it"

Cloud hashing power indicates your ability to mine crypto-coins. The more hashing power you have, the more ROI you will get. Hashing power is the underlying driving force for the entire crypto-currency network. Cloud hashing power provides mining service in the “cloud” and support in the network in general.

This line is intentionally misworded, your ROI will always be a % of your investment. Of course if you invest more you earn more, but it certainly does not compound.

5.6 PH/s hashing power with the electricity cost as low as 15 cents per kWH

According to this line here, assuming they don't have some new miner more efficient than the s7, they're barely making money whether BTC, LTC, or ETH, and will fail after the halving unless the price skyrockets.

OXBTC provides the most profitable cryptocurrency deposit investment and the foundation for its high ROI is its 3 mining farms which are among the largest ones in China and they are run under very low electricity cost and highly efficient operation.

Directly contradicting the previous statement.


If they are charging ~$0.14usd/kWh maintenance (assuming s7 efficiency), and they claim to pay $0.15usd/kWh electricity, how are they still in business unless this is another fancy ponzi?


This page is full of lies [Biggest mining farm? Maybe. Where is the hashrate on the network?] and inconsistencies [200 acres for 10PH!?!? WTF do they do with the other 198 acres?] . I do not go around calling all cloudmining a scam, but they could try a lot harder!

Hi Erumara,

Thank you for your feedback.
If they are not transparent the why they disclose their mining location and their payout address?

Thank you
CryptoJeweler

Where is this payout address?

How are they earning the interest paid in the "deposit" system there?

[unholycactus]

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

Not necessary incompetent, they may be fully aware that the service they are selling isn't valuable.
Not even sure the information listed in the first post is accurate to begin with.

[xhomerx10]

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

Not necessary incompetent, they may be fully aware that the service they are selling isn't valuable.
Not even sure the information listed in the first post is accurate to begin with.

 Yeah, I was thinking of the maintenance fee being less than the cost of electricity.  That seems like incompetence to me.
Then again, maybe they set the maintenance fee when bitcoin was at a higher value and never revisited it?  Hmmm... that would also seem incompetent.

[CryptoJeweler]

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

Not necessary incompetent, they may be fully aware that the service they are selling isn't valuable.
Not even sure the information listed in the first post is accurate to begin with.

Hi unholycactus,

Agreed, i think it's good to stay away from this until this is not verified by the community.

Thank you
CryptoJeweler

[Erumara]

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

Not necessary incompetent, they may be fully aware that the service they are selling isn't valuable.
Not even sure the information listed in the first post is accurate to begin with.

Hi unholycactus,

Agreed, i think it's good to stay away from this until this is not verified by the community.

Thank you
CryptoJeweler

Glad to see people agree that for a "legitimate business" These guys (and a lot of cloud mining outfits) leave you with far more questions than assurances.

CryptoJeweler: Definitely have me convinced your not some shill or promo account, always use the utmost caution when advertising or promoting ANY business. It is far too easy to do so with the best of intentions, while forgetting that many honest people have had personal reputations and trust ratings destroyed simply by backing or shilling for shady companies they thought were legit.

Of course we could go into a lengthy discussion comparing honest users being used by a company to promote a dishonest business (AKA promotion by ignorance, ie. SIGNATURE CAMPAIGN) VS. users who fully realize that a company is being dishonest, but stand to increase their own shady earnings by drawing more suckers into a ponzi (AKA promotion by dishonesty, ie.  REFERRAL CAMPAIGN).

[xhomerx10]

It's disconcerting to see they pay a 25% refferal bonus.  That policy alone reeks of Ponzi.

[BitsandBites]

It's disconcerting to see they pay a 25% refferal bonus.  That policy alone reeks of Ponzi.

From what i've learned in the past, any referral based company depending on referral users/clients are not serious about their business.
It's good to see how large it is, but no real marketing strategy or a lack of it, makes me wondering how serious they are about their business.