Anyone heard of or investing in 'Mining Sweden'?

[musicmeetstheblockchain]

Do you think that if Mining Sweden upgrades to S7s, that it will positively affect those who have already bought mining power - or that it will be offered as "unique" mining packs in the shop?

how will it positively impact you? More miners means the difficulty will go up, making the miners you "own" worth less. They will "sell" those miners to other people which will give you a smaller percentage of the total hashpower.

It was a stupid question, but I was wondering if they would shut down the old miners and transfer the contracts to the S7s - I guess not

It would make sense to continue with the S5's whilst they remain profitable then offer big discounts to existing contract holders on the S7's once their 12 months is up.
Not sure how this would affect recent purchasers of hash power. MS don't seem to have the unprofitability clause like Hashnest.

[musicmeetstheblockchain]

Using current prices 1000GH of S7 hash at mining sweden (using promo code) is around 2.92BTC
The same on the Hashnest market is around 1.92BTC
But with the Mining Sweden packs there is also a profit share (yet to be declared).

[IanFoxley]

Using current prices 1000GH of S7 hash at mining sweden (using promo code) is around 2.92BTC
The same on the Hashnest market is around 1.92BTC
But with the Mining Sweden packs there is also a profit share (yet to be declared).

You also have to take into consideration that the Mining Sweden price includes the electricity and hosting cost for the year so you get a full fat BTC payout each day.

Where as the Hashnest price, you are having to pay a daily maintenance fee which is pretty small but still works out at amost 58 US cents a day or 211.5 USD a year.

Currently 211.5 USD is around 0.77 BTC, so really after you take that into account, then the MS price is really around 0.3 BTC more expensive currently and yes it is for a year and not lifetime but anyway.. Just throwing that into the mixing pot ..haha

[musicmeetstheblockchain]

Using current prices 1000GH of S7 hash at mining sweden (using promo code) is around 2.92BTC
The same on the Hashnest market is around 1.92BTC
But with the Mining Sweden packs there is also a profit share (yet to be declared).

You also have to take into consideration that the Mining Sweden price includes the electricity and hosting cost for the year so you get a full fat BTC payout each day.

Where as the Hashnest price, you are having to pay a daily maintenance fee which is pretty small but still works out at amost 58 US cents a day or 211.5 USD a year.

Currently 211.5 USD is around 0.77 BTC, so really after you take that into account, then the MS price is really around 0.3 BTC more expensive currently and yes it is for a year and not lifetime but anyway.. Just throwing that into the mixing pot ..haha

Good points. I've been more than happy with the MS service so far and the owner Tommy is very approachable.

[munky666]

so. website is offline since when?

[IanFoxley]

so. website is offline since when?

I received an email from Tommy about this.

His server provider is down so this is why the site is down at the moment.

[Propagandalf]

I have bought my self some S7 VIP shares, and so far so good! Tommy is quick off the mark whenever there is an issue.

[Skatter]

Whats the payout per gh/s per day for s7 shares.
the older model pays 1020sats per gh/s per day which hasnt changed in months

[Zeta0S]

Discount Voucher MOON will give you 10% discount om Mining Sweden.
Everyone want`s to go to the MOON right!?

[clgrissom3]

Whats the payout per gh/s per day for s7 shares.
the older model pays 1020sats per gh/s per day which hasnt changed in months

It's the same for the S7 shares...

[Paul Revere]

Discount Voucher MOON will give you 10% discount om Mining Sweden.
Everyone want`s to go to the MOON right!?

Wrong. I prefer Earth. Have fun on the Moon there fella. Make sure you hold your breath, too. 

[LuckyYOU]

I heard of them, but I don't use them.

Since they buy small quantities at bitmain, they can't be very competive.

Also, if something happends, i've go to go to sweden...

[Altynbekova]

The other day i read a topic of someone who wanted to sell his cloud mining of them. The thread was over a month old and nobody bite.

I guess they are not that popular.

[Raimonn]

I received an email from them announcing especial offers on blackfriday. I'm mining with them for some month and all was correct. They have a long Roi, but they are paying without any delay.

[Skatter]

if the s7 shares are paying out as the previous s5 where is the logic in that? He is just offering out more GH/s for sale but no return to the consumer

[IanFoxley]

if the s7 shares are paying out as the previous s5 where is the logic in that? He is just offering out more GH/s for sale but no return to the consumer

Well just cos you have a newer miner doesnt mean you get different payouts...or is that what you think?

If you buy 1TH/s of S5 mining shares from Mining Sweden then you still get the same payout as if you had 1TH/s of S7 mining shares, the difference is the upfront cost because an S7 is cheaper per GH/s to run as when you purchase from Mining Sweden you are paying upfront your electricity cost and hosting costs as well.

When you get S7 contracts with Hashnest for example, then the payouts from an S5 will be different because you are having to pay the electricity cost each day from your payout and as the S7 is more power efficient you get more payout, but with Mining Sweden you are always getting a full fat Bitcoin payout each day so this is why the payout you get is the same no matter if you have an S5 or S7.

[IanFoxley]

I heard of them, but I don't use them.

Since they buy small quantities at bitmain, they can't be very competive.

Also, if something happends, i've go to go to sweden...

Sure, well as Bitmain is the company making the S5s and S7s, that would make sense.

And your thing about having to go to Sweden doesnt make too much sense cos if something happened to hashnest, Bitmain etc, you would have to do what ?? Go to china instead?

Not sure what relevance that has about anything.

[wishxy]

Any news lately?
MS site is seems down?

[IanFoxley]

Any news lately?
MS site is seems down?

I got an email about the site being down this morning, so check your inbox as you most likely have one too.

[uncaer9]

i found this review
 http://digiconomist.net/fraud-risk-assessment-mining-sweden

seem like legit site but i can't trust 100%
any official ANN ? or official bitcointalk service ?