is cloudhashing.com a scam??

[philipma1957]

anyone get their payout today?

[cloudhasher]

Hi Guys

Another day another bitcoin. If you possess a July contract, you should have all received your bitcoins. This payout overall was 62% greater than the last (2 weeks ago). Again we took no management fee. I haven’t been on the forums much recently as I am still working to secure more rigs as my service to you with BFL delays still causing a disruption.

GOOD NEWS

We will be adding another 620 gigahashes this weekend. This should bring us up and above the 1.7 terahash mark. We had a few issues in the last 2 weeks with one of the BFL minirigs overheating. Seems like one of the cards was playing up but BFL will be sorting that out within the next couple of days. Overall we are down 80 to 100ghash right now because of it. We also had overall 10 to 12 hours of downtime as the network was down at the Colo.
Overall things are moving full steam ahead.

110 Terahash mine

As I mentioned previously, in September we will be ramping up by adding 110 terahashes to our inventory. This has all been made possible through careful planning and fiscal prudence. We have ZERO venture funding and have done all this thanks to our customers and staff. We expect this mine to be fully operational between the 19th and 26th of September.

Why not offer a bond?

Simple, it is a legal ticking time bomb. The unregulated securities market has mass appeal but an uncertain future. We chose the model we feel offers both our customer and ourselves a better chance of success in light of the tough regulatory battles that may surface in the near future.

Payments

We have ironed out a lot of issues with the payments processing to you. There is still room for improvement but these things as I previously mentioned are evolutionary. We had very few issues this time around.

Right am off to get something to eat. Cheers

Emmanuel

P.s. forgive spelling mistakes; sleep is a valuable commodity these days.

[philipma1957]

 My investment was 7.2btc

My payments so far :

 Aug  6th   .106 BTC
 Aug 20th  .172 BTC     total of .278 BTC    looking forward to sept. 3rd payment

[joae1975]

My investment was 7.2btc

My payments so far :

 Aug  6th   .106 BTC
 Aug 20th  .172 BTC     total of .278 BTC    looking forward to sept. 3rd payment

My payments are the same as yours. Do you have a 5Gh indefinite contract too?

[CrashX]

@cloudhasher

My biggest concern is that CloudHashing seems to be founded by the same people from BFL.

But atleast they got more legit payment options, but still don't see Credit Card processing option...

[philipma1957]

My investment was 7.2btc

My payments so far :

 Aug  6th   .106 BTC
 Aug 20th  .172 BTC     total of .278 BTC    looking forward to sept. 3rd payment

My payments are the same as yours. Do you have a 5Gh indefinite contract too?

I guess I do. I am supposed to get more hashing in sept. we will see.

[joae1975]

My investment was 7.2btc

My payments so far :

 Aug  6th   .106 BTC
 Aug 20th  .172 BTC     total of .278 BTC    looking forward to sept. 3rd payment

My payments are the same as yours. Do you have a 5Gh indefinite contract too?

I guess I do. I am supposed to get more hashing in sept. we will see.

I think so.  I know I am.  I have an annual 6Gh taking effect in Sept.  Although I imagine it won't kick in until late Sept.  I originally bought 2 annual 1Gh July contracts for ~$300 USD total.  Then they had a sale and were offering to trade the July contracts for Sept ones.  So now my 2Gh July contracts are 6Gh Sept. contracts for the same price.  I do believe I made the right choice.  We shall see.

[Boelens]

I have been thinking of investing in this - has it been shown legit so far?

[joae1975]

I have been thinking of investing in this - has it been shown legit so far?

Time will tell, so far I'm looking at an ROI of ~3 years based upon current BTC price and current payouts.

[Boelens]

I have been thinking of investing in this - has it been shown legit so far?

Time will tell, so far I'm looking at an ROI of ~3 years based upon current BTC price and current payouts.

Hm, guess I might invest. I just locked in my funds in CoinLenders though, meaning I can't access them and not buy a contract in time for the September contract >.<. Might have to do a loan, as this is quite appealing.

[scotjam]

I have been thinking of investing in this - has it been shown legit so far?

Time will tell, so far I'm looking at an ROI of ~3 years based upon current BTC price and current payouts.

Hm, guess I might invest. I just locked in my funds in CoinLenders though, meaning I can't access them and not buy a contract in time for the September contract >.<. Might have to do a loan, as this is quite appealing.

3 years ROI is quite appealing? Or you think more hash power will come online shortly?

joae1975, philipma1957 - am I correct in understanding that you still don't yet have the hashing power that you expected?

[LostDutchman]

Cloudhashing can't buy any more Minirigs through the back door.......................

My $.02.

[philipma1957]

I have been thinking of investing in this - has it been shown legit so far?

Time will tell, so far I'm looking at an ROI of ~3 years based upon current BTC price and current payouts.

Hm, guess I might invest. I just locked in my funds in CoinLenders though, meaning I can't access them and not buy a contract in time for the September contract >.<. Might have to do a loan, as this is quite appealing.

3 years ROI is quite appealing? Or you think more hash power will come online shortly?

joae1975, philipma1957 - am I correct in understanding that you still don't yet have the hashing power that you expected?

Correct but remember diff goes up,  every 10-12 days.
 
So ,the rise in diff ,the rise in hash, and coin price will determine if I make a profit.


 I have collected .278 btc   against a 7.2 btc investment (coins were 100 usd at that time)  coins are now 110 usd.

Do I think this is the best choice you can make no,  but I do think if you are a spread the risk guy like I am you could buy a contract here and buy some coins to hold.
Maybe buy some asic miner sticks. 

 say a gold 8gh contract for  about 5btc   from cloud hashing

 hold 5btc coin  buy the coin from some one like coinbase.com

buy 5 btc  in asic miner sticks.  from a good ebay seller  or from a good seller like canaryinthemine (search him on this forum) 

so this is a 15btc investment plan. 

you could buy stock in a startup or 2 maybe addiction and labcoin buy 2.5btc worth of each and you put up 20 btc or about 2200usd  .

   I have no idea of what you have to invest but always remember  BTC is high risk so do not risk more then you can afford to lose!!

[cloudhasher]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

[philipma1957]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

 

where are we hashing I would like to look us up

[cloudhasher]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

 

where are we hashing I would like to look us up

BTC Guild. ID : 246115

[philipma1957]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

 

where are we hashing I would like to look us up

BTC Guild. ID : 246115

thank you; we are number 14 right now

http://www.btcguild.com/index.php?page=rankings


Fastest Users (Last Hour)
Rank   ID   Speed
1   256259   6,013.41 GH/s
2   175320   3,715.13 GH/s
3   244042   3,195.19 GH/s
4   206490   2,803.85 GH/s
5   261017   2,716.02 GH/s
6   58814   2,618.94 GH/s
7   215613   2,481.92 GH/s
8   261267   2,334.40 GH/s
9   255991   2,236.13 GH/s
10   261260   2,062.58 GH/s
11   56732   1,972.13 GH/s
12   211598   1,661.97 GH/s
13   257124   1,661.18 GH/s
14   246115   1,542.75 GH/s

[joae1975]

I understand the asics arms race and all but if CH has sold thousands of contracts how can they only be hashing at 1.2 Th?  They should ideally be hashing at min 6000 Gh, max 30000 Th. I'm basing that on seeing 6000 contracts sold on their website some time ago and the max a person can own is 5Th. Not sure how they'd regulate that.  But anyway, my point is CH is nowhere near their demanded hashing expectations.  I have full confidence they will get tons of Th when KNC delivers.  We can also add BFL's minirig orders from April '13 whenever that day comes, God only knows.  

I think they are currenly paying out proportionately to their hashing power.  But at the same time, I hope they reward the early adopters like myself who took the risk on them.  People buying contracts now are benefiting from our risk.  A previously bought July 2Gh x1yr contract cost ~$300.  A sept 2Gh contract is $99.  I traded my one July in for 3 Sept contracts.  I'm just wandering, based upon the early adopter reward hypothesis if I made the right decision.

[scotjam]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

Does this mean that customers will get the hashing power that they ordered now? If not, what overall hashing power do you need to achieve in order for customers to get what they paid for?

Based on the latest payment (0.172BTC for 2 weeks, i.e. about 0.86BTC per week), it looks like customers who paid for 6Gh/s are getting 1.5-1.6Gh/s http://www.alloscomp.com/bitcoin/calculator (put in 1600 Mh/s, but note that the difficulty is increasing every day and the 0.172 BTC was from a while ago, so allocated hashing power would have been slightly lower at the time).

If it is proportional, hashing power will need to quadruple for customers to get what they paid for, and what they paid for is a lot more valuable if received earlier than later.

I was very tempted by CloudHashing based on what was advertised, but the more I look into it, the more I think I might not make ROI based on what is actually delivered.

[Rampion]

Ok guys so we just added another 500 ghash. Another 120 ghash is coming online in the next 4 days.

Regards

Emmanuel

Does this mean that customers will get the hashing power that they ordered now? If not, what overall hashing power do you need to achieve in order for customers to get what they paid for?

Based on the latest payment (0.172BTC for 2 weeks, i.e. about 0.86BTC per week), it looks like customers who paid for 6Gh/s are getting 1.5-1.6Gh/s http://www.alloscomp.com/bitcoin/calculator (put in 1600 Mh/s, but note that the difficulty is increasing every day and the 0.172 BTC was from a while ago, so allocated hashing power would have been slightly lower at the time).

If it is proportional, hashing power will need to quadruple for customers to get what they paid for, and what they paid for is a lot more valuable if received earlier than later.

I was very tempted by CloudHashing based on what was advertised, but the more I look into it, the more I think I might not make ROI based on what is actually delivered.

This just means that BFL is scum and is fucking with customers who paid +1 year ago, giving priority to Cloudscam who is buying mini-rigs through the back door.