is cloudhashing.com a scam??

[Arock]

Yes I believe they are simply behind schedule and bogged down with the responsibilities of getting the business rolling for the other customers who don't want a refund.  I wouldn't say ButterflyLabs was scamming even though Paypal had to force a large refund recently.  So we can agree to disagree that what you call scamming with cloudhashing I call putting the refunds on the "back burner" with low priority.

[TheQuin]

Yes I believe they are simply behind schedule and bogged down with the responsibilities of getting the business rolling for the other customers who don't want a refund.  I wouldn't say ButterflyLabs was scamming even though Paypal had to force a large refund recently.  So we can agree to disagree that what you call scamming with cloudhashing I call putting the refunds on the "back burner" with low priority.

I call it ignoring your legal responsibilities and yes that is scamming.

[Serpo Eben]

Yes they are a scam because they RAPE you with absolute bullshit fees.  Out of $271 I have earned so far in BTC they have charged me more than $200 in "management fees".  Which, by the way, are not mentioned anywhere when you sign up.

[cloudhasher]

Yes they are a scam because they RAPE you with absolute bullshit fees.  Out of $271 I have earned so far in BTC they have charged me more than $200 in "management fees".  Which, by the way, are not mentioned anywhere when you sign up.

This is the first and only of such report. Are you saying that you have mined $271 to date and only received $70 if your wallet? If so please send me a screen shot of your ledger entry page.

Thanks

[bitcointodayand]

Waiting to hear back from Patrick who you referred me to (realize it has only been a few hours) regarding daily payments. Thanks for your time today. Alex

[Serpo Eben]

Yes they are a scam because they RAPE you with absolute bullshit fees.  Out of $271 I have earned so far in BTC they have charged me more than $200 in "management fees".  Which, by the way, are not mentioned anywhere when you sign up.

This is the first and only of such report. Are you saying that you have mined $271 to date and only received $70 if your wallet? If so please send me a screen shot of your ledger entry page.

Thanks

Are you joking?  YOU have access to my ledger page as well.  Why should I do the work for you?  It's basic math.  Add up the BTC mined.  Subtract your "management fees".  Result:  RAPE = EXCESSIVE MANAGEMENT FEES ON EVERY TRANSACTION.

[LostDutchman]

I would remind you that by its own admission, Cloudhashing funded Terrahash.

Wondering if CH got refunds, mmmmmm?

And the plot thickens.

My $.02.

[TheQuin]

I would remind you that by its own admission, Cloudhashing customers funded Terrahash.

Wondering if CH customers got refunds, mmmmmm?

And the plot thickens.

My $.02.

Fixed

[LostDutchman]

I would remind you that by its own admission, Cloudhashing customers funded Terrahash.

Wondering if CH customers got refunds, mmmmmm?

And the plot thickens.

My $.02.

Fixed

Well, there is that also!

[elmismo]

I would remind you that by its own admission, Cloudhashing customers funded Terrahash.

Wondering if CH customers got refunds, mmmmmm?

And the plot thickens.

My $.02.

Fixed

Well, there is that also!

well I got my refund... was google's refund but got it... LoL

[Kyraishi]

hey
cloud mining already started ?

[Arock]

It depends on when the contract was purchased to give a correct answer whether or not cloud mining has begun for certain clients.  I'm not sure if cloudhashing.com has their "same day" mining service up and running.  But yes if you're asking whether or not cloudhashing.com has received their equipment and has begun cloud mining the answer is yes.

[elmismo]

hey
cloud mining already started ?

started what? cheating customers? hell yeah!!

[scotjam]

hey
cloud mining already started ?

started what? cheating customers? hell yeah!!

My understanding is that they are paying, but they started paying long after their contracts with customers said they should.

[scotjam]

I would remind you that by its own admission, Cloudhashing funded Terrahash.

Wondering if CH got refunds, mmmmmm?

And the plot thickens.

My $.02.

I'd be surprised if *anyone* got refunds out of the Terrahash mess

[war4all]

What happened to Support, it is always sleeping?

[mobodick]

Have some patience these investments are not "get rich quick" schemes.  When buying a contract that says "2-years" one should make a mental note that its a 2-year contract and not a "win big in a couple of months!" contract.  You might as well go hit the slot machines if that's your mentality.

WTF are you talking about?
Of course these are get-rich-quick shemes. There is no other purpose for them.
If you don't understand what difficulty and available hashrate do to your ROI then you should look for another game to play.
It is a game of diminishing ROI.
The situation is (and has been for years) that you will have to make the bulk of your ROI in the first few months.
If you didn't make most of it in a few months then no amount of years will help you get more than you already got.
If you don't "win big in a couple of months!" you will probably lose. Waiting 2 years to understand this is just noob.
If you beliefe that mining hardware can hold value for 2 years then you are seriously seriously deluded. Any hashrate you may think is worth something now will be obsolete within half a year, max.
So, in other words, there is no such thing as a long-term investment in bitcoin mining hardware unless you happen to sell it.

Although I have to re-iterate that the "beast" of a mining rig CH has created - maintained in a data center with "bulk" or "wholesale" electricity pricing - may ultimately smash competitors like "cognitive mining" and the buy-and-wait butterfly cloudhashing contracts.

And did you realize that by exposing so much haspower they proportionally decrease the ROI of all their customers as well?
Any hashpower they add competes directly with all other miners and that includes their customers.
'Smashing competitors' means effectively the same thing as 'smashing customers'.

For instance what's going to happen as several large mining pools join up to create huge pools with corporate style business models and cheaper electricity.  

What will happen is they will buy more hardware and thus make the ROI of existing customers less.

I'm still new to studying the nature of bitcoin

Study more and harder.

[war4all]

Thanks cloudhashing support for answer!20GH-4days-0.04BTC.

[TheQuin]

Thanks cloudhashing support for answer!20GH-4days-0.04BTC.

Try a bitcoin calculator like this one http://bitcoinwisdom.com/bitcoin/difficulty

20Ghs should be making 0.01422 a day so 0.05688 in 4 days.

It is a somewhat more reliable source of information than Clownhashing support.

[oda.krell]

Have some patience these investments are not "get rich quick" schemes.  When buying a contract that says "2-years" one should make a mental note that its a 2-year contract and not a "win big in a couple of months!" contract.  You might as well go hit the slot machines if that's your mentality.

WTF are you talking about?
Of course these are get-rich-quick shemes. There is no other purpose for them.
If you don't understand what difficulty and available hashrate do to your ROI then you should look for another game to play.
It is a game of diminishing ROI.
The situation is (and has been for years) that you will have to make the bulk of your ROI in the first few months.
If you didn't make most of it in a few months then no amount of years will help you get more than you already got.
If you don't "win big in a couple of months!" you will probably lose. Waiting 2 years to understand this is just noob.
If you beliefe that mining hardware can hold value for 2 years then you are seriously seriously deluded. Any hashrate you may think is worth something now will be obsolete within half a year, max.
So, in other words, there is no such thing as a long-term investment in bitcoin mining hardware unless you happen to sell it.

Although I have to re-iterate that the "beast" of a mining rig CH has created - maintained in a data center with "bulk" or "wholesale" electricity pricing - may ultimately smash competitors like "cognitive mining" and the buy-and-wait butterfly cloudhashing contracts.

And did you realize that by exposing so much haspower they proportionally decrease the ROI of all their customers as well?
Any hashpower they add competes directly with all other miners and that includes their customers.
'Smashing competitors' means effectively the same thing as 'smashing customers'.

For instance what's going to happen as several large mining pools join up to create huge pools with corporate style business models and cheaper electricity.  

What will happen is they will buy more hardware and thus make the ROI of existing customers less.

I'm still new to studying the nature of bitcoin

Study more and harder.

Hey! You're back! I'm your biggest fan. Let me wear your hide as a poncho!


Oh, wait. That sounded creepier than intended.


Seriously though, you made a number of pretty good posts earlier this year, so you're on my "read once in a while what they post" list on btctalk. So that's why I saw your new post.

...

Now, can I wear your hide as a poncho?