|
Possum577
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2015, 05:56:00 AM |
|
Does one need transparency to cloud mining?
I feel like the term "the cloud" offers more confusion than clarity. The cloud just means 1) data can be stored by third parties, and 2) the data can be sent to these third parties wirelessly. That's it. It's synonymous with "remote". Cloud mining is no different than regular mining, instead of having all mining machines in one place the "cloud" moniker refers to the mining machines being in multiple, remote locations, often staffed by pools of people.
Am I missing something here?
I think an interview on how a bitcoin mine works is great. I don't think saying this provides "transparency to cloud mining" is accurate at all.
But that's just my BTC0.00008599...
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2204
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2015, 09:35:31 AM |
|
I'm not into cloud mining, but still it is nteresting to know whether at least some them are not scum. I checked the reviews about Genesis Mining and found out that they are differ from one another: some say you have to wait more than 4 years to ROI and others say they have a good profit. Any thoughts, guys?
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
SFR10
Legendary
Offline
Activity: 3108
Merit: 3496
Crypto Swap Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2015, 12:50:31 PM |
|
Actually the step they have taken towards making the so called "Cloud Mining" a trustworthy state it's really good, and the three streams links work well with slow internet connection too ... It could be monitored by all of us and also looking forward for their other mining locations as well to be streamed to the public... base on the interview, I think I'm going to give up a dream that I had for so long which I was hoping one day I could make it happen ( My own mining farm, only to be used for personal matter ) ... the trial and error stage is too risky for a single guy I think unless the funds are unlimited then why not
|
|
|
|
OrientA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 30, 2015, 12:39:43 PM |
|
Actually the step they have taken towards making the so called "Cloud Mining" a trustworthy state it's really good, and the three streams links work well with slow internet connection too ... It could be monitored by all of us and also looking forward for their other mining locations as well to be streamed to the public... base on the interview, I think I'm going to give up a dream that I had for so long which I was hoping one day I could make it happen ( My own mining farm, only to be used for personal matter ) ... the trial and error stage is too risky for a single guy I think unless the funds are unlimited then why not
But these cameras cover only a very smaller area and are fixed. It would be better if they can rotate the cameras and let us see more about what's going on in the bitcoin farm.
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2204
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 30, 2015, 02:15:25 PM |
|
Actually the step they have taken towards making the so called "Cloud Mining" a trustworthy state it's really good, and the three streams links work well with slow internet connection too ... It could be monitored by all of us and also looking forward for their other mining locations as well to be streamed to the public... base on the interview, I think I'm going to give up a dream that I had for so long which I was hoping one day I could make it happen ( My own mining farm, only to be used for personal matter ) ... the trial and error stage is too risky for a single guy I think unless the funds are unlimited then why not
But these cameras cover only a very smaller area and are fixed. It would be better if they can rotate the cameras and let us see more about what's going on in the bitcoin farm. Yes, that would be not so hard to make. If we have cameras like this one http://www.zurich-airport.com/passengers-and-visitors/shopping-and-attractions/webcams-en/webcam-livestreamwhich everyone can control, all the more is possible to make cameras which registered users can control.
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
thefaucetrunner
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 714
Merit: 250
Defend Bitcoin and its PoW: bitcoincleanup.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 30, 2015, 10:34:22 PM |
|
Yeah I read this article! I think the Vice doc about the Chinese Mine was pretty cool. The guys just sit their playing MMORPG's and eating noodles while the machines hum away in the background.
It's a strange 'mining' life, but cool nonetheless! I think I'd go crazy living in a Bitcoin mine tbh.
|
|
|
|
BitcoinNewsMagazine
Legendary
Offline
Activity: 1806
Merit: 1164
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 30, 2015, 11:03:21 PM |
|
I'm not into cloud mining, but still it is nteresting to know whether at least some them are not scum. I checked the reviews about Genesis Mining and found out that they are differ from one another: some say you have to wait more than 4 years to ROI and others say they have a good profit. Any thoughts, guys? Genesis Mining targets bitcoin enthusiasts who have not taken the time to research alternatives. The company is legitimate but buying from them has never been a good deal. You should really never tie up capital in hosted mining you can not turn around and sell same day if you like. Instead look at companies who have internal exchanges like Hashnest, Bit-X and BW.
|
|
|
|
notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 31, 2015, 12:48:57 AM |
|
Thanks for sharing always love seeing inside of of some of these places. Does anyone know what the miners are he is standing in front of? Almost looks like some A1 clone, but I was not sure if that's what it is or they something better in those boxes.
|
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 31, 2015, 01:54:56 PM |
|
Thanks for sharing always love seeing inside of of some of these places. Does anyone know what the miners are he is standing in front of? Almost looks like some A1 clone, but I was not sure if that's what it is or they something better in those boxes. Thats a picture from when they had Scrypt Asics.
|
|
|
|
notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 01, 2015, 04:40:52 AM |
|
Thanks for sharing always love seeing inside of of some of these places. Does anyone know what the miners are he is standing in front of? Almost looks like some A1 clone, but I was not sure if that's what it is or they something better in those boxes. Thats a picture from when they had Scrypt Asics. Thanks that is interesting I would have not have guessed that. Do you know what gear they are using now? I always want to know more I love looking inside of big data centers. I find them always very interesting espically how some design so much different then others on cooling and other features.
|
|
|
|
lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 01, 2015, 12:31:59 PM |
|
The transparency thru webinars and live stream of their mining farm is a step forward, but I wish they would focus more on getting a live GHs exchange for their service. They would profit more for this if they'll add a small transaction fee.
|
|
|
|
eternalgloom
Legendary
Offline
Activity: 1792
Merit: 1283
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 02, 2015, 04:53:25 AM |
|
I'll be 100% convinced after I see how long these lifetime contracts will last. Pretty happy with my purchase though, especially with recent Bitcoin prices.
|
|
|
|
Bitcoininspace
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 02, 2015, 11:46:30 AM |
|
But that's just my BTC0.00008599...
Do you always check what the current price of 2 cents is before making that comment? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2204
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 03, 2015, 12:01:14 PM |
|
I'm not into cloud mining, but still it is nteresting to know whether at least some them are not scum. I checked the reviews about Genesis Mining and found out that they are differ from one another: some say you have to wait more than 4 years to ROI and others say they have a good profit. Any thoughts, guys? Genesis Mining targets bitcoin enthusiasts who have not taken the time to research alternatives. The company is legitimate but buying from them has never been a good deal. You should really never tie up capital in hosted mining you can not turn around and sell same day if you like. Instead look at companies who have internal exchanges like Hashnest, Bit-X and BW. Thanks! That's what I thought. I'm wondering though if anyone here can confirm he had some profit already from a deal with Genesis Mining. I think - no one, but I may be wrong.
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
|