Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin

[tokeweed]

Emmanuel,

Do you think you could let us know a little bit more about how the revenue reinvestment program works?  Are we going to be able to see how much we've paid into that program?  How often will you be using those funds to invest in new equipment?  I know it may not be an exact science as new hardware comes out, hashrates change and so on but I'm sure a lot of people would like to know your initial strategy on this.

Thanks!

Yes, I would also like to know more about this..

yup me too. also, i think it might be a good idea to use the revenue investment program for research in making better asics. maybe you can work side by side with your asic supplier?

[thefunkybits]

Emmanuel,

Do you think you could let us know a little bit more about how the revenue reinvestment program works?  Are we going to be able to see how much we've paid into that program?  How often will you be using those funds to invest in new equipment?  I know it may not be an exact science as new hardware comes out, hashrates change and so on but I'm sure a lot of people would like to know your initial strategy on this.

Thanks!

Yes, I would also like to know more about this..

yup me too. also, i think it might be a good idea to use the revenue investment program for research in making better asics. maybe you can work side by side with your asic supplier?

I would not stand behind that idea....let the experts handle the chips while Cloudhashing hosts our farm.

Plus im sure Knc wont need Cloudhashing's pocket change at that stage of the game

[tokeweed]

but longterm it would be better for these companies to push the envelope in mining crypto coins. this could be the future of online currencies. bitcoin is just the beginning of it.

[tokeweed]

$/GH is getting cheaper and cheaper.

http://bitcoinmagazine.com/6564/cointerra-planning-to-release-2-petahashes-of-mining-power-by-december/

CH getting 110 terahashes is possible. although i am kind of a skeptic, i am supportive. and i want to see a 100+ terrahash farm go online. this is truly exciting.

[wachtwoord]

So, what is the current ETA for September contracts?

[cloudhasher]

So, what is the current ETA for September contracts?

Hi

On our FAQ we have the estimated start date there. It's been there for a while.

[wachtwoord]

So, what is the current ETA for September contracts?

Hi

On our FAQ we have the estimated start date there. It's been there for a while.

Thanks, I actually knew that and was asking to find out whether this was still current. I take it from your answer it is. Thanks

[philipma1957]

looking forward to tues payment.  I will post what I get.  what will be the % this time?

[tripppn]

Anyone get paid yet?  How much and what kind of contract do you have? I'm just sitting here waiting for my Sept Platinum contract to kick in.

[tokeweed]

nothing here yet.  i wonder what's the hold up.

[philipma1957]

no btc for me either.

[keeron]

Anyone brought the platinum contract? Was just looking into this and while the lack of payments (or delays), as well as no definite date on when the hashing starts is concerning, here my thoughts:

- For about $1000, we get 20 GHs
- This is similar to me buying 2 AsicMiner blades for 8 BTC (Group buy, probably in-had this week itself). 8 BTC @ $130 = $1040
- Setting up the blades isn't that hard
- Electricity costs / shipping would probably be offset by the 10% fees I end up paying each period to CloudHashing
- I lose out on the re-investment, but that is also possible on my own (and with AM dropping the older blade prices in future, this is very much something I can do on my own). Heck, even buying one USB erupter every couple of weeks would work. Adding ~350 MHs

There is less risk of a 3rd party running away, late starts, mining at low hash rate (e.g. 50%).

Would love to hear from someone who has brought the higher level contracts (gold/platinum) and what your experience has been.

If this was something like $500 for the 20 GH, it might be worth considering.

[thefunkybits]

Cloudhashing is on the ball WOW, great customer support.

I dont how they did it so fast!

[philipma1957]

Anyone brought the platinum contract? Was just looking into this and while the lack of payments (or delays), as well as no definite date on when the hashing starts is concerning, here my thoughts:

- For about $1000, we get 20 GHs
- This is similar to me buying 2 AsicMiner blades for 8 BTC (Group buy, probably in-had this week itself). 8 BTC @ $130 = $1040
- Setting up the blades isn't that hard
- Electricity costs / shipping would probably be offset by the 10% fees I end up paying each period to CloudHashing
- I lose out on the re-investment, but that is also possible on my own (and with AM dropping the older blade prices in future, this is very much something I can do on my own). Heck, even buying one USB erupter every couple of weeks would work. Adding ~350 MHs

There is less risk of a 3rd party running away, late starts, mining at low hash rate (e.g. 50%).

Would love to hear from someone who has brought the higher level contracts (gold/platinum) and what your experience has been.

If this was something like $500 for the 20 GH, it might be worth considering.

If you can setup your own blades and run them you don't need cloudhashing as of today. If cloudhashing gets the  hash power they say that they will get. you can reconsider. my experience so far is 717 usd paid in and 36 usd paid back. Still waiting for todays payment.  I have not freaked out since I run 75-110 usb sticks at 25 to 37 gh at my home. I prefer that.

[keeron]

If you can setup your own blades and run them you don't need cloudhashing as of today. If cloudhashing gets the  hash power they say that they will get. you can reconsider. my experience so far is 717 usd paid in and 36 usd paid back. Still waiting for todays payment.  I have not freaked out since I run 75-110 usb sticks at 25 to 37 th at my home. I prefer that.

Thanks! Agree that if one can run the blades themselves, there's probably no need for a service a like this (for them atleast). Unless it starts to break even or make more by hosting elsewhere.

It is almost like the group buy threads here where a large mining hardware is purchased and hosted elsewhere. Except this one was more "formal" (assuming this isn't a scam).

Your numbers would probably freak me out (usd paid vs received), but seeing those USB miners flash away would probably ease that stress back. That must be quite a mining "farm"!

[philipma1957]

If you can setup your own blades and run them you don't need cloudhashing as of today. If cloudhashing gets the  hash power they say that they will get. you can reconsider. my experience so far is 717 usd paid in and 36 usd paid back. Still waiting for todays payment.  I have not freaked out since I run 75-110 usb sticks at 25 to 37 th at my home. I prefer that.

Thanks! Agree that if one can run the blades themselves, there's probably no need for a service a like this (for them atleast). Unless it starts to break even or make more by hosting elsewhere.

It is almost like the group buy threads here where a large mining hardware is purchased and hosted elsewhere. Except this one was more "formal" (assuming this isn't a scam).

Your numbers would probably freak me out (usd paid vs received), but seeing those USB miners flash away would probably ease that stress back. That must be quite a mining "farm"!

 yeah I made out well with my gpu farm and have sold it off. i went with 6 or 7 different hash ideas including this one.

BFL ranks last  514 usd in 0 back
then this         717 usd in 36 back.

 but the usb sticks the gpu farm and AM stock did really well.

[cloudhasher]

Hi

Payment will be done within 12 hours. We had some technical issues and made worse with staff illnesses.

Thanks for your patience.

[philipma1957]

If you can setup your own blades and run them you don't need cloudhashing as of today. If cloudhashing gets the  hash power they say that they will get. you can reconsider. my experience so far is 717 usd paid in and 36 usd paid back. Still waiting for todays payment.  I have not freaked out since I run 75-110 usb sticks at 25 to 37 th at my home. I prefer that.

Thanks! Agree that if one can run the blades themselves, there's probably no need for a service a like this (for them atleast). Unless it starts to break even or make more by hosting elsewhere.

It is almost like the group buy threads here where a large mining hardware is purchased and hosted elsewhere. Except this one was more "formal" (assuming this isn't a scam).

Your numbers would probably freak me out (usd paid vs received), but seeing those USB miners flash away would probably ease that stress back. That must be quite a mining "farm"!

   damn auto correct that is 37gh not 37th LOL

[tripppn]

It's been 12 hours and its way too quiet in here.

[tokeweed]

It's been 12 hours and its way too quiet in here.

?