is cloudhashing.com a scam??

[philipma1957]

Can anyone who has purchased a cloudhashing contract comment on the effectiveness?  Are you receiving the hash rate you paid for?  Any other pros/cons?

     My first payment is due Aug 5th. So  we will see what they pay. they are hashing on bitminter about 850Gh.
 So the guess is I will get 10%-30% of my contract which is for 6gh.  Although they have it written as  5gh.

 Basically they have been a disorganized mess.  I will post on monday if they pay me some coin. or if they do not pay me.

[philipma1957]

Cloudhasher contacted  today. I am waiting on a promised payout as of now. I will post if he pays me on Tues.

[Erlenmyer]

I doubt this will make anyone feel better and I think its tailored more for BFL but it seems many entities are in the mix together. This is not my site! Found it looking for other info on BFL. Its new so not much exposure and I can not vouch for the validity of what is stated within, or how long it will be up. If it is to be believed its looks like a bunch of backroom deals going on between a few of the bigger players. Screw you little guy, just give your money and shut up. http://bflfraud.com/

[joae1975]

I got paid 0.106 BTC today with my 5Gh indefinite contract.  So according to this payment at current BTC price, it'll take me 3.5 years for ROI.  Yeah!

They stated in an email:
"You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."

So shouldn't I have received ~0.94 BTC for a 2 week mining period?  That is if they waived the fees.  Even if I pool mined with a 7.5% fee, that would be 0.87 BTC.  Maybe they can't pay out this true payment because they don't have enough hashing power yet.  It's all so experimental.  I'm a guinea pig on a wheel. 

They're mining here:  https://bitminter.com/livestats/toplist

[cloudhasher]

I got paid 0.106 BTC today with my 5Gh indefinite contract.  So according to this payment at current BTC price, it'll take me 3.5 years for ROI.  Yeah!

They stated in an email:
"You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."

So shouldn't I have received ~0.94 BTC for a 2 week mining period?  That is if they waived the fees.  Even if I pool mined with a 7.5% fee, that would be 0.87 BTC.  Maybe they can't pay out this true payment because they don't have enough hashing power yet.  It's all so experimental.  I'm a guinea pig on a wheel. 

They're mining here:  https://bitminter.com/livestats/toplist

You do know that due to BFL delays that payout represents 10 percent of your full mining capacity.

Next payout should be about 25 percent of full capacity as we add more hashing power.

Always give full context.

Thanks

[joae1975]

I got paid 0.106 BTC today with my 5Gh indefinite contract.  So according to this payment at current BTC price, it'll take me 3.5 years for ROI.  Yeah!

They stated in an email:
"You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."

So shouldn't I have received ~0.94 BTC for a 2 week mining period?  That is if they waived the fees.  Even if I pool mined with a 7.5% fee, that would be 0.87 BTC.  Maybe they can't pay out this true payment because they don't have enough hashing power yet.  It's all so experimental.  I'm a guinea pig on a wheel. 

They're mining here:  https://bitminter.com/livestats/toplist

You do know that due to BFL delays that payout represents 10 percent of your full mining capacity.

Next payout should be about 25 percent of full capacity as we add more hashing power.

Always give full context.

Thanks

I didn't know that.  10% capacity makes sense.  I did mention above that maybe you don't have the capacity yet.  In so many words, I was right.  We're all trying to figure out how this all works.  At least we finally got paid.  Kudos!! 

[cloudhasher]

I got paid 0.106 BTC today with my 5Gh indefinite contract.  So according to this payment at current BTC price, it'll take me 3.5 years for ROI.  Yeah!

They stated in an email:
"You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."

So shouldn't I have received ~0.94 BTC for a 2 week mining period?  That is if they waived the fees.  Even if I pool mined with a 7.5% fee, that would be 0.87 BTC.  Maybe they can't pay out this true payment because they don't have enough hashing power yet.  It's all so experimental.  I'm a guinea pig on a wheel. 

They're mining here:  https://bitminter.com/livestats/toplist

You do know that due to BFL delays that payout represents 10 percent of your full mining capacity.

Next payout should be about 25 percent of full capacity as we add more hashing power.

Always give full context.

Thanks

I didn't know that.  10% capacity makes sense.  I did mention above that maybe you don't have the capacity yet.  In so many words, I was right.  We're all trying to figure out how this all works.  At least we finally got paid.  Kudos!! 

Next payment will be 20% capacity at the absolute minimum. Another rig being turned on this week.

Thanks and regards

Emmanuel

[LostDutchman]

I doubt this will make anyone feel better and I think its tailored more for BFL but it seems many entities are in the mix together. This is not my site! Found it looking for other info on BFL. Its new so not much exposure and I can not vouch for the validity of what is stated within, or how long it will be up. If it is to be believed its looks like a bunch of backroom deals going on between a few of the bigger players. Screw you little guy, just give your money and shut up. http://bflfraud.com/

Cloudhashing did not have any ASIC equipment until July, 19, 2013 and all payments being made now are coming out of their old GPU farm and the single BFL Minirig referred to on:

http://bflfraud.com/

[philipma1957]

I was paid.106btc  on tues. 

  I spent about 7.2 btc.

 It is a start in the correct direction.
I will wait 2 weeks and post the next amount. 
I read the  website from the dutchman.

It is an attack on bfl and against cloudhashing. does not make a strong case but who knows.

[LostDutchman]

Skype Name: Emmanuel Hunt

Name: Adeniyi Abiodun

Age: 31

Location: London, United Kingdom

Birth Date: Monday, April 12, 1982

Age: 31

Website: Cloudhashing.com

Benny, Benzo

Skype Name: asicminer

Birth Date: Thursday, January 01, 1981

Age: 32

Location: United States

[philipma1957]

Skype Name: Emmanuel Hunt

Name: Adeniyi Abiodun

Age: 31

Location: London, United Kingdom

Birth Date: Monday, April 12, 1982

Age: 31

Website: Cloudhashing.com

Benny, Benzo

Skype Name: asicminer

Birth Date: Thursday, January 01, 1981

Age: 32

Location: United States

While this may or may not be true.  What I find interesting is you decide to launch your attacks against cloudhasher the day he starts to pay some coin.  To be frank while I am annoyed at cloudhasher I am also a bit mystified by the timing of your attack.    Well enough drama .

 Here are my figures.  about 7.2 btc paid  ( 717 usd)  and .106 btc collected   > this will be all I post is my original investment and my btc 'collected' or  ' payoffs ' or  'payouts' or "payments".  no opinions just BTC in and BTC out.

[LostDutchman]

Skype Name: Emmanuel Hunt

Name: Adeniyi Abiodun

Age: 31

Location: London, United Kingdom

Birth Date: Monday, April 12, 1982

Age: 31

Website: Cloudhashing.com

Benny, Benzo

Skype Name: asicminer

Birth Date: Thursday, January 01, 1981

Age: 32

Location: United States

While this may or may not be true.  What I find interesting is you decide to launch your attacks against cloudhasher the day he starts to pay some coin.  To be frank while I am annoyed at cloudhasher I am also a bit mystified by the timing of your attack.    Well enough drama .

 Here are my figures.  about 7.2 btc paid  ( 717 usd)  and .106 btc collected   > this will be all I post is my original investment and my btc 'collected' or  ' payoffs ' or  'payouts' or "payments".  no opinions just BTC in and BTC out.

The so-called "attack"; otherwise know as "publication of the truth",  began several days ago and it is only coincidental that the above information was provided on the payout date.

[Kouye]

While this may or may not be true.  What I find interesting is you decide to launch your attacks against cloudhasher the day he starts to pay some coin.  To be frank while I am annoyed at cloudhasher I am also a bit mystified by the timing of your attack.    Well enough drama .

 Here are my figures.  about 7.2 btc paid  ( 717 usd)  and .106 btc collected   > this will be all I post is my original investment and my btc 'collected' or  ' payoffs ' or  'payouts' or "payments".  no opinions just BTC in and BTC out.

Yeah, no worries, ponzi early adopters usually get their investment back.
They should just be banned, because they are about as much a scammer as the ponzi starter.

[cloudhasher]

The gears are slowly turning and oiled as we have recently reached 1.2 terahash. We will be running at 30 percent capacity shortly.
We are not responsible for hardware delays however we didn't just sit down and complain, we acted for our customers. This is why they are now mining and receiving bitcoins from us today.

We will be bringing some serious hashing fire-power in September, unlike everyone else that comes on the forums to boast, we just get our head down and work!!

Our goal is to get the mainstream into bitcoin and we are one of the first bitcoin businesses to advertise our services to the mass media. 70 percent of our customers are absolutely new to bitcoin so I guess we are winning a good battle there. We want hashing power into the common man's hands and not a large pool of wealthy dudes.

Expect great things from us in the next few weeks and months.

Emmanuel

[cloudhasher]

Hi All,

If you are one of the few still waiting to receive a payment. We are still waiting on the last couple of customers to update their wallets. Then we will send them all in one batch. We have pretty much ironed out the kinks in our automated payment process. It does usually take a few iterations to get these sort of things sorted.

Thanks for your patience. BTW we are now at 1.2 terahash. Another BFL minirig should be with us shortly. As I promised in this video

http://www.youtube.com/watch?v=vqOx3O09ol4

We will continue to go to the open market to purchase mining equipment to satisfy our customers if delays from BFL persist. This is what we said we would do, and this is what we are doing. We purchase these BFL mining rigs off Ebay & IRC, period!

<<<<< I do not comment on conjecture >>>>>

Kind regards

[LostDutchman]

Hi All,

If you are one of the few still waiting to receive a payment. We are still waiting on the last couple of customers to update their wallets. Then we will send them all in one batch. We have pretty much ironed out the kinks in our automated payment process. It does usually take a few iterations to get these sort of things sorted.

Thanks for your patience. BTW we are now at 1.2 terahash. Another BFL minirig should be with us shortly. As I promised in this video

http://www.youtube.com/watch?v=vqOx3O09ol4

We will continue to go to the open market to purchase mining equipment to satisfy our customers if delays from BFL persist. This is what we said we would do, and this is what we are doing. We purchase these BFL mining rigs off Ebay & IRC, period!

<<<<< I do not comment on conjecture >>>>>

Kind regards

The BFL Minirig purchased a while back by Cloudhashing is a 1500 (1.5 Th) gig unit.

Seems as though CH is about 300 Gigs short in their public statements regarding how much hashing power they have........................................................

https://products.butterflylabs.com/1500gh-bitcoin-miner.html

http://mineforeman.com/2013/04/05/butterfly-labs-increases-prices-and-decreases-hash-rates-on-the-asic-bitcoin-mining-devices/

[philipma1957]

Hi All,

If you are one of the few still waiting to receive a payment. We are still waiting on the last couple of customers to update their wallets. Then we will send them all in one batch. We have pretty much ironed out the kinks in our automated payment process. It does usually take a few iterations to get these sort of things sorted.

Thanks for your patience. BTW we are now at 1.2 terahash. Another BFL minirig should be with us shortly. As I promised in this video

http://www.youtube.com/watch?v=vqOx3O09ol4

We will continue to go to the open market to purchase mining equipment to satisfy our customers if delays from BFL persist. This is what we said we would do, and this is what we are doing. We purchase these BFL mining rigs off Ebay & IRC, period!

<<<<< I do not comment on conjecture >>>>>

Kind regards

The BFL Minirig purchased a while back by Cloudhashing is a 1500 (1.5 Th) gig unit.

Seems as though CH is about 300 Gigs short in their public statements regarding how much hashing power they have........................................................

https://products.butterflylabs.com/1500gh-bitcoin-miner.html

http://mineforeman.com/2013/04/05/butterfly-labs-increases-prices-and-decreases-hash-rates-on-the-asic-bitcoin-mining-devices/

  or bfl gave them 2 new mini rigs at 500gh each or 1th since bfl could not build a 1.5th minirig.

 this means bfl owes them a third  new mini rig to get to 1.5th/  so if my guess is correct CH will jump to 1.7th soon.

 the other 200-300 th   may be some avalon or bfl singles

[LostDutchman]

Hi All,

If you are one of the few still waiting to receive a payment. We are still waiting on the last couple of customers to update their wallets. Then we will send them all in one batch. We have pretty much ironed out the kinks in our automated payment process. It does usually take a few iterations to get these sort of things sorted.

Thanks for your patience. BTW we are now at 1.2 terahash. Another BFL minirig should be with us shortly. As I promised in this video

http://www.youtube.com/watch?v=vqOx3O09ol4

We will continue to go to the open market to purchase mining equipment to satisfy our customers if delays from BFL persist. This is what we said we would do, and this is what we are doing. We purchase these BFL mining rigs off Ebay & IRC, period!

<<<<< I do not comment on conjecture >>>>>

Kind regards

The BFL Minirig purchased a while back by Cloudhashing is a 1500 (1.5 Th) gig unit.

Seems as though CH is about 300 Gigs short in their public statements regarding how much hashing power they have........................................................

https://products.butterflylabs.com/1500gh-bitcoin-miner.html

http://mineforeman.com/2013/04/05/butterfly-labs-increases-prices-and-decreases-hash-rates-on-the-asic-bitcoin-mining-devices/

  or bfl gave them 2 new mini rigs at 500gh each or 1th since bfl could not build a 1.5th minirig.

 this means bfl owes them a third  new mini rig to get to 1.5th/  so if my guess is correct CH will jump to 1.7th soon.

 the other 200-300 th   may be some avalon or bfl singles

The photos found here:

http://bflfraud.com/

http://bflfraud.com/7/attachment/007/

http://bflfraud.com/7/edit2/

 of the Minirig purchased by Cloudhashing are clearly of a 1500 Gig BFL Minirig.

It would seem that bondholders are being shorted around 300 gigs of hashing power.

[astutiumRob]

The photos found here:
 of the Minirig purchased by Cloudhashing are clearly of a 1500 Gig BFL Minirig.

There are no 1500Gh/s minirig's.

Those that had paid-orders for the 1.5THs system are being shipped 3 *500Gh/s units
(of which very early paid-orders have 1 or 2 of the 3 now)

[LostDutchman]

The photos found here:
 of the Minirig purchased by Cloudhashing are clearly of a 1500 Gig BFL Minirig.

There are no 1500Gh/s minirig's.

Those that had paid-orders for the 1.5THs system are being shipped 3 *500Gh/s units
(of which very early paid-orders have 1 or 2 of the 3 now)

You'd better look at the pix again.  That is an early style Minirig of which many were actually constructed.  Note the TWO power cables which are absent on the current units.  The design was changed for a couple of reasons: 

https://forums.butterflylabs.com/bfl-forum-miscellaneous/1544-wow-so-what-will-mini-rig-sc-power-consumption-2640w-6000w-now.html

"How are Mini Rigs traded in?  Mini Rigs are traded in the same way as Singles.  Up to 50% of the purchase price of new SC gear can be paid for with trade in credit from an older generation Mini Rig or many older generation Singles."

http://www.butterflylabs.com/bitforce-sc-release-notes/

A 1500 Gig Minirig was actually sold on ebay.  The listing was removed because the sale was completed off-ebay:

https://forums.butterflylabs.com/pre-sales-questions/1840-looking-buy-mini-rig-sc-order-3.html

http://www.youtube.com/watch?v=ujl-_F7D724

There is much more out there on this matter and things like it if you care to do your homework.

My $.02.