Top Cloud Miners Compared by Profitability

[crazyivan]

Nice to see that GetHashing has made the list.

@OP, the fees for GH are not accurate. I assume that you've based your calculation only on numbers for April which wasn't a great month mainly because of Bitcoins exchange rate. The correct Payout vs Fees calculation from February through April is.

So, what s the ROI?

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[kaprosuchus]

Nice to see that GetHashing has made the list.

@OP, the fees for GH are not accurate. I assume that you've based your calculation only on numbers for April which wasn't a great month mainly because of Bitcoins exchange rate. The correct Payout vs Fees calculation from February through April is.

https://i.imgur.com/IoFtKgP.jpg

I'm actually using the "Maintenance fee: $0.0014 per GH/s per day." quoted from the GetHashing purchasing page.

[lunchboxer]

Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?

[crazyivan]

Nice to see that GetHashing has made the list.

@OP, the fees for GH are not accurate. I assume that you've based your calculation only on numbers for April which wasn't a great month mainly because of Bitcoins exchange rate. The correct Payout vs Fees calculation from February through April is.

https://i.imgur.com/IoFtKgP.jpg

I'm actually using the "Maintenance fee: $0.0014 per GH/s per day." quoted from the GetHashing purchasing page.

It seems that Maintenance fee s about to get reduced to $0.0013. Nice work GHX.

[kaprosuchus]

Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?

PACMiC pays 1.056% daily.  It continues to pay 1.056% daily until you reach an estimated 105.6% of your original investment at which point the contract is closed.

If you choose to activate the "auto buy" function, as long a new PACMiC contracts are available, your contract value will increase by 1.056% daily.

My original PACMiC is currently worth 1.52810084 BTC, so if I turn off "auto buy" today, I will be paid 1.056% daily until I reach an estimated 105.6% of 1.52810084 BTC ending the contract with an estimated gross payout of 1.61367448704 BTC.

[kaprosuchus]

Fresh (and official) numbers for GHX

[crazyivan]

Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?

PACMiC pays 1.056% daily.  It continues to pay 1.056% daily until you reach an estimated 105.6% of your original investment at which point the contract is closed.

If you choose to activate the "auto buy" function, as long a new PACMiC contracts are available, your contract value will increase by 1.056% daily.

My original PACMiC is currently worth 1.52810084 BTC, so if I turn off "auto buy" today, I will be paid 1.056% daily until I reach an estimated 105.6% of 1.52810084 BTC ending the contract with an estimated gross payout of 1.61367448704 BTC.

Unfortunately, these re out of stock. How often do they come in stock?

[kaprosuchus]

Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?

PACMiC pays 1.056% daily.  It continues to pay 1.056% daily until you reach an estimated 105.6% of your original investment at which point the contract is closed.

If you choose to activate the "auto buy" function, as long a new PACMiC contracts are available, your contract value will increase by 1.056% daily.

My original PACMiC is currently worth 1.52810084 BTC, so if I turn off "auto buy" today, I will be paid 1.056% daily until I reach an estimated 105.6% of 1.52810084 BTC ending the contract with an estimated gross payout of 1.61367448704 BTC.

Unfortunately, these re out of stock. How often do they come in stock?

The last time they ran out, it took about a week for them to generate new contracts.

[ajw7989]

Hm makes Pacmic v1 look pretty enticing. I just hate having bitcoin tied up where I can not sell it which is why I have always been investing recently in the S3s. The S5s and S4s are expensive for the value although the S5 is enticing due to the daily volume making it much easier to get out at a reasonable price.

[crazyivan]

Could you explain the returns numbers for HashNest PACMIC. Their website estimates 22% APR return. Your chart says that it's more like 1% daily. That's a huge difference. What accounts for this discrepancy?

PACMiC pays 1.056% daily.  It continues to pay 1.056% daily until you reach an estimated 105.6% of your original investment at which point the contract is closed.

If you choose to activate the "auto buy" function, as long a new PACMiC contracts are available, your contract value will increase by 1.056% daily.

My original PACMiC is currently worth 1.52810084 BTC, so if I turn off "auto buy" today, I will be paid 1.056% daily until I reach an estimated 105.6% of 1.52810084 BTC ending the contract with an estimated gross payout of 1.61367448704 BTC.

Unfortunately, these re out of stock. How often do they come in stock?

The last time they ran out, it took about a week for them to generate new contracts.

Do you have any idea how are they able to provide this profitability? In essence, this is mining without fees?

[kaprosuchus]

[kaprosuchus]

Do you have any idea how are they able to provide this profitability? In essence, this is mining without fees?

Well, they do manufacture their own hardware so they are getting the best possible price there; and essentially you are leasing the miner for, say 200 days or so and they keep the rig.  The main advantage to them is they ROI as soon as you pay your contract and in return they pay you a small premium near the end of the contract.

Think of it like a bond, or a loan.  Conceivably they can take your money today and use it to make more rigs, more quickly (and make more profit) than if they mined for themselves.

[jdebunt]

One of these days I might actually sign up for Scrypt.cc lol. Wonder how long it'll take them to turn into a ponzi when I do so. Just my streak of bad luck with cloud mining I guess

[crazyivan]

One of these days I might actually sign up for Scrypt.cc lol. Wonder how long it'll take them to turn into a ponzi when I do so. Just my streak of bad luck with cloud mining I guess

Haha, I can feel you inner struggle. ))

Over a year online and paying on time every single day.

[flyingplows]

One of these days I might actually sign up for Scrypt.cc lol. Wonder how long it'll take them to turn into a ponzi when I do so. Just my streak of bad luck with cloud mining I guess

Don't fall for it man... If think it can happen any day now and they can follow the fate of PBmining which was also relatively long operational.
Cloudmining companies do not turn into ponzies, most of them ARE ponzies and just collapses after some time when there is not enough new customers or the main scammer behind it decides to run

[Jimbrown]

One of these days I might actually sign up for Scrypt.cc lol. Wonder how long it'll take them to turn into a ponzi when I do so. Just my streak of bad luck with cloud mining I guess

Don't fall for it man... If think it can happen any day now and they can follow the fate of PBmining which was also relatively long operational.
Cloudmining companies do not turn into ponzies, most of them ARE ponzies and just collapses after some time when there is not enough new customers or the main scammer behind it decides to run

checking their deposit address
hundred of BTC coming daily to their pocket
so they are still in safety zone

[flyingplows]

Maybe they are sending these BTC to themselves to fake the real situation? Some devs of altcoins trade with themselves for example to fake the volume
But on the other hand this might be even true... This ponzi is still having good times due to super roi and heavy shilling.

[Gultahin]

Well i've been on scryptcc for some time now, and if they are a ponzi this is definetly not the time they are failling, admin made a new post on the topic that announces scryptcc and many more users are getting in to it after this statement, and there is also some new security facilities on the site so it's all going on favor of them right now. And as the demand is rising a lot after this, the khs prices got an up of almost 20% in 4 days so ROI is getting bigger for new users

[kaprosuchus]

Well i've been on scryptcc for some time now, and if they are a ponzi this is definetly not the time they are failling, admin made a new post on the topic that announces scryptcc and many more users are getting in to it after this statement, and there is also some new security facilities on the site so it's all going on favor of them right now. And as the demand is rising a lot after this, the khs prices got an up of almost 20% in 4 days so ROI is getting bigger for new users

Do you have a link to the post you referenced?  I'd like to check it out. 

[jdebunt]

Well i've been on scryptcc for some time now, and if they are a ponzi this is definetly not the time they are failling, admin made a new post on the topic that announces scryptcc and many more users are getting in to it after this statement, and there is also some new security facilities on the site so it's all going on favor of them right now. And as the demand is rising a lot after this, the khs prices got an up of almost 20% in 4 days so ROI is getting bigger for new users

Glad to hear there is still work being done on the platform itself. Will keep an eye on it