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

[philipma1957]

Do you investors expect to make ROI?

If so, how much profit do you realistically hope to earn? Please include the contract (silver, gold) you purchased.

I am an early adaptor I have a 1 year 5gh contract.

 and unless cloudhashing  does something to correct for coins lost in july and august due to less then 100% hash power.

I will certainly positively lose money. Anyone that purchased a july 1 year contract will lose money unless the coins lost in july and august are restored.

In my case I figure to lose more then 300 usd on my 717 usd contract. Of course I do not know what if any plan is out there for the early adapters like myself.

I purchased this contract based on the promise of full hash of 5gh starting on july 4th.  with the first payment on the 19th of july.

As of tomorrow I will get  my first full hash payment.

 so from july 4th to july     19 = 0 btc         this was 0 percent     it would have been    1.73 coins  at 100 percent
             july 19 to aug     7th = .106 btc    this was 10 percent   it would have been    1.06 coins at 100 percent
             aug 7th to  aug  21st = .172 btc    this was 30 percent   it would have been      .57 coins at 100 percent
             aug  21st to sept 5th =  .211 btc    this was 40 percent   so it would have been .52 coins at 100 percent

and I still may have lost money but at 3.88 coins in the bank instead of  the .489 coins that i have as of today I would be okay with it.

full disclosure on my math I think I am correct at my 3.88 coins estimate but to be fair it could be as low as 3.30

 As for the future I will be  a loser  unless cloudhasher does a fix for all early adaptors.  

 I figure anyone with a july 1 5gh  1 year contract has been shorted more then 2.5 coins and less then 3.5 coins as of today.




  as for a new sept platinum contract  it could make money.    for me I will be lucky to collect 2  or 3 coins against the  717 usd i paid out.

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[AndrewWilliams]

Not good news Phillip



I was hoping for a positive story, but I guess the truth is the truth.

[cp1]

full disclosure on my math I think I am correct at my 3.88 coins estimate but to be fair it could be as low as 3.30

Unfortunately I think your difficulty increase is too low.  I would say 5GH/s in 1 year would only pay out 1.5-2.5 BTC (and 2.5 is really stretching it).

[philipma1957]

full disclosure on my math I think I am correct at my 3.88 coins estimate but to be fair it could be as low as 3.30

Unfortunately I think your difficulty increase is too low.  I would say 5GH/s in 1 year would only pay out 1.5-2.5 BTC (and 2.5 is really stretching it).

 

those are the coins lost at lower difficulty due to the lack of full  hashing during july and aug.  in the future I will get 1 coin-2 coins on a flat 5gh.  so while this would have been a loss it would have been maybe a grand total of 4 -5 coins from july to july.

 instead it looks to be under 2 coins.  due to the lost hash in those better months of july 2013 and august 2013.

I invested in this to help bitminter and to keep track  of this for newbies. well it looks to be a bust for all the early adapters.

 now if you purchase a new plat contract for sept.  which is not paying a dime as of yet  it may make money, but  I do not know the future.

 hell maybe cloudhasher still has a plan to help all the early contracts from june to july,  but I have not heard of any.

 So my total coinage is .489btc    I laid out 717 usd.

 I will get ? btc on tue. sept 17th

[cloudhasher]

full disclosure on my math I think I am correct at my 3.88 coins estimate but to be fair it could be as low as 3.30

Unfortunately I think your difficulty increase is too low.  I would say 5GH/s in 1 year would only pay out 1.5-2.5 BTC (and 2.5 is really stretching it).

 

those are the coins lost at lower difficulty due to the lack of full  hashing during july and aug.  in the future I will get 1 coin-2 coins on a flat 5gh.  so while this would have been a loss it would have been maybe a grand total of 4 -5 coins from july to july.

 instead it looks to be under 2 coins.  due to the lost hash in those better months of july 2013 and august 2013.

I invested in this to help bitminter and to keep track  of this for newbies. well it looks to be a bust for all the early adapters.

 now if you purchase a new plat contract for sept.  which is not paying a dime as of yet  it may make money, but  I do not know the future.

 hell maybe cloudhasher still has a plan to help all the early contracts from june to july,  but I have not heard of any.

 So my total coinage is .489btc    I laid out 717 usd.

 I will get ? btc on tue. sept 17th

Dudes, of course we will be doing something for the early adopters. Will make an announcement once we add our September hashing power.

Emmanuel

[tripppn]

That's really good to hear

[tokeweed]

did anybody get paid yet?

[AussieHash]

110 Terahash mine.

Everything is on schedule to start between the 26th and 30th September.

Thanks all

Emmanuel

Can you share where you are hosting the mine?  Do you require air freight and customs clearance from Stockholm to USA, or are you hosting in Sweden ?
Also do you project perhaps a 143TH mine instead ?

[philipma1957]

That's really good to hear

yes it is a good piece of info.

[tokeweed]

has payment started yet?

[cloudhasher]

110 Terahash mine.

Everything is on schedule to start between the 26th and 30th September.

Thanks all

Emmanuel

Can you share where you are hosting the mine?  Do you require air freight and customs clearance from Stockholm to USA, or are you hosting in Sweden ?
Also do you project perhaps a 143TH mine instead ?

Hi

We are not buying whole 145 terahash from Sweden. Spread our risk. We have 3 suppliers. We wont be shipping anything to keep delays minimal. We have data centre space 3 cities at the moment with free space to expand. All 3 locations will be operational with mining equipment before the 30th of September.

Emmanuel

[AussieHash]

110 Terahash mine.

Everything is on schedule to start between the 26th and 30th September.

Thanks all

Emmanuel

Can you share where you are hosting the mine?  Do you require air freight and customs clearance from Stockholm to USA, or are you hosting in Sweden ?
Also do you project perhaps a 143TH mine instead ?

Hi

We are not buying whole 145 terahash from Sweden. Spread our risk. We have 3 suppliers. We wont be shipping anything to keep delays minimal. We have data centre space 3 cities at the moment with free space to expand. All 3 locations will be operational with mining equipment before the 30th of September.

Emmanuel

That sounds like a very sensible strategy.  Good to see you are confident.

[tokeweed]

mmmmk.. i guess there must be a little delay then.

[tripppn]

Anyone else get the email from CH?  Extra 25% for July Contracts and get your contracts now cause price is going up.

[tokeweed]

i am excited to know more about CH's bitcoin mining technology and its innovations.

[philipma1957]

payment up .2967btc   

[tokeweed]

edit: yup, nvm.

[scotjam]

Anyone else get the email from CH?  Extra 25% for July Contracts and get your contracts now cause price is going up.

An extra 25% now wont help much, with difficulty so much higher. I havent run the maths, but I suspect that only compensation would help now.

And higher prices just mean their offer will become less attractive just when more hashing power is finally coming online so that they can start to mitigate (but not remedy) the breach of their July contracts.

[cloudhasher]

Anyone else get the email from CH?  Extra 25% for July Contracts and get your contracts now cause price is going up.

An extra 25% now wont help much, with difficulty so much higher. I havent run the maths, but I suspect that only compensation would help now.

And higher prices just mean their offer will become less attractive just when more hashing power is finally coming online so that they can start to mitigate (but not remedy) the breach of their July contracts.

Hi,

The 25% was promised back in June. I will be announcing a much larger increase in the next few days.

Thanks

[philipma1957]

Anyone else get the email from CH?  Extra 25% for July Contracts and get your contracts now cause price is going up.

An extra 25% now wont help much, with difficulty so much higher. I havent run the maths, but I suspect that only compensation would help now.

And higher prices just mean their offer will become less attractive just when more hashing power is finally coming online so that they can start to mitigate (but not remedy) the breach of their July contracts.

Hi,

The 25% was promised back in June. I will be announcing a much larger increase in the next few days.

Thanks

thank you I was hoping for something like that.



recap of my pay offs so far.

          .106 btc
          .172 btc
          .211 btc
          .297 btc

total of .786 btc   I can sell .786btc for  99.35 usd this morning on coinbase for about 100 usd. I invested about 717 usd..


 I figure the early missed opportunity is more then 2 coins and less then 3 coins.  so I should be at 2.786 - 3.786 coins  or 352 - 479 usd.  

I will say this cloudhashing has hung in there even with bfl screwing them the minirigs.  hopefully the business plan works out. and the early guys like myself get made whole.

bfl  has caused btc problems for thousands of people including all cloudhashing contract holders.