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

[cesmak]

Hey guys,  Check it out.  Choudhashing that actually works.  

"Buy cloud hashing as a commodity, any amount down to the Satoshi. Trade them out if you wish, produce bitcoin by the GH all the while you hold them. Put your bitcoins to work making more and at the same time protect the network from excess hashing."

https://www.cex.io/

I bought 4.5 GH/s from them with about .8BTC. That's a hell of a lot cheaper then $1000 for 20 GH/s. It'll produce BTC and later if I need to I can sell them back on the open market.

They pay out to your account either hourly or by block... not sure yet but your running at 100% as soon as you buy the GH/s and then I can withdraw from my account to my wallet whenever I want or reinvest in more GH/s.

If you decide to use this service hook me up with a shameless referral click: https://cex.io/r/0/tripppn/0/

Yes this really works.... i'm having a try there too, hope to see CH at the same level soon.....

[1715018866]

1715018866

[1715018866]

1715018866

[1715018866]

1715018866

[elmismo]

well finally got an answer from CH, someone called James wrote me.
He says that my first complaint about the delay was answered hours later. But I never got it, he says could be because of a problem on their ticket system, or a cache/cookie issue on my browser.
I don't know but I didn't get it.

So I've just sent back, a very long email explaining all my complaints. That are not just regarding the delay, also the lack of information and transparency.
They refused to disclose what is the total of their hashrate, show their equipment because they claim being under NDAs with manufacturers, and The price change as I paid for a silver contract 209 GBP, offered for 280 USD but as they had old exchange rates (i don't know from what date) i've got billed 209 GBP = 332 USD.
But best part is now is offer for 170 GBP !!!!

So as I said before, I want to know what the compensation offer is, to decide if accept that compensation or my money back. And as I said to james, your compensation would need to worth the risk that means make business with CH.

I'll let you know how is this going, at least i got an answer now.

[s1lverbox]

well finally got an answer from CH, someone called James wrote me.
He says that my first complaint about the delay was answered hours later. But I never got it, he says could be because of a problem on their ticket system, or a cache/cookie issue on my browser.
I don't know but I didn't get it.

So I've just sent back, a very long email explaining all my complaints. That are not just regarding the delay, also the lack of information and transparency.
They refused to disclose what is the total of their hashrate, show their equipment because they claim being under NDAs with manufacturers, and The price change as I paid for a silver contract 209 GBP, offered for 280 USD but as they had old exchange rates (i don't know from what date) i've got billed 209 GBP = 332 USD.
But best part is now is offer for 170 GBP !!!!

So as I said before, I want to know what the compensation offer is, to decide if accept that compensation or my money back. And as I said to james, your compensation would need to worth the risk that means make business with CH.

I'll let you know how is this going, at least i got an answer now.

Nothing to say, CH seems like scam and if something look like duck and walk like duck, must be a...CH

[tokeweed]

well finally got an answer from CH, someone called James wrote me.
He says that my first complaint about the delay was answered hours later. But I never got it, he says could be because of a problem on their ticket system, or a cache/cookie issue on my browser.
I don't know but I didn't get it.

So I've just sent back, a very long email explaining all my complaints. That are not just regarding the delay, also the lack of information and transparency.
They refused to disclose what is the total of their hashrate, show their equipment because they claim being under NDAs with manufacturers, and The price change as I paid for a silver contract 209 GBP, offered for 280 USD but as they had old exchange rates (i don't know from what date) i've got billed 209 GBP = 332 USD.
But best part is now is offer for 170 GBP !!!!

So as I said before, I want to know what the compensation offer is, to decide if accept that compensation or my money back. And as I said to james, your compensation would need to worth the risk that means make business with CH.

I'll let you know how is this going, at least i got an answer now.

just get your refund and be done with it. the less of you there is, the more CH can give us in compensation. i heard they were gonna increase hashing rates, tho i'm not sure. but to think of it, they can cos they sold their contracts at a higher price.

[tokeweed]

Hey guys,  Check it out.  Choudhashing that actually works.  

"Buy cloud hashing as a commodity, any amount down to the Satoshi. Trade them out if you wish, produce bitcoin by the GH all the while you hold them. Put your bitcoins to work making more and at the same time protect the network from excess hashing."

https://www.cex.io/

I bought 4.5 GH/s from them with about .8BTC. That's a hell of a lot cheaper then $1000 for 20 GH/s. It'll produce BTC and later if I need to I can sell them back on the open market.

They pay out to your account either hourly or by block... not sure yet but your running at 100% as soon as you buy the GH/s and then I can withdraw from my account to my wallet whenever I want or reinvest in more GH/s.

If you decide to use this service hook me up with a shameless referral click: https://cex.io/r/0/tripppn/0/

LOL. i was waiting for someone to mention a competing farm. so its clear this company has been trolling this thread.

and getting everyone to click his referral link...  lol. cheap.

[tokeweed]

of all the posters in this thread, philippa is one of the legit ones. whatever his comment is, good or bad i respect it because i know for a fact he is a real customer.

if there's a person you should listen to about CH, it's him.

And tokeweed is 100% NOT one to listen to, December my A$$, 100% Shill!

just get your refund and go home whiner.

[tokeweed]

to all customers who want a refund:

i encourage that you do.  keep sending messages in CH customer support. they cant avoid you forever. i think it would be best to do it now before they have their farm sorted and at 100% capacity.

thanks.

[tokeweed]

tokeweed - I think its time to get a job and put down the bong. the fact that someone with the name "tokeweed" is the only one pumping this business makes me glad that im out

You are a full on CH fanboy and most likely paid for this crap. Take an honest look at this business.  They are dishonest and completely incompetent.

you got out and you still visit the thread. makes me think you're still interested what CH is up to.

as for being a CH fanboy, not getting paid by them. i am just protecting my contracts. the more the business is a success the more every contract holder is happy.

[Deprived]

Noone other than the seller was ever going to make a profit 'investing' in this compared to just holding BTC (had BTC risen sharply vs fiat then a profit in fiat was possible).

Mining hardware is presently lucky if it can break even when bought at cost.

Add on 3 different stages of takign a cut out and there was never any chance whatsoever of profit for investors.  If you add on not even being willing to honour contracts then rather clearly a significant loss for all dupes who bought in was in order.  That doesn't make it a scam - any more than selling £50 for £100 is a scam if you can find people sufficiently stupid to buy.

If it's a scam at all it's because of the entirely misleading and unrealistic claims about potential profit made to early investors (think their current claims have reduced from "totally stupid" to merely "isn't going to happen").

What's sad about this is that the operator appears to feel the need to default on contracts,  All he had to do was not bother ordering ASICs at all and he could have paid out based on PPS, avoided a ton of hassle and kept the majority of investors' funds with no risk and no reliance on third-parties.  Mining is, right now, a loss-making proposition unless you have ridiculously low power costs and/or access to hardware at near cost - if you're selling the right to mining output at a massive markup (plus taking a management fee AND keeping 'reinvested' funds at end of contract) then it seems amazingly stupid to actually buy hardware at all.

I'd be tempted to run a scheme like this myself were it not that:

a)  Even with the evidence in front of me in this thread I still struggle to believe anyone's stupid enough to have bought it.
b)  I'm able to make a profit without lying to/misleading/causing loss for others so have no reason to ruin my reputation.
c)  There's just something unattractive to me about ripping people off - no matter how retarded they are and how much they deserve it (and yes - anyone who fell for this DOES deserve it as reward for deluding themselves into believing that they were competent to 'invest').  Doing it would feel like an admission that I lacked the capability to make profit in a more honest and straightforward manner myself.

Pretty sure most buying into this didn't even do basic stuff - like working out the cost/hash and comparing it to things like my DMS.MINING which pays out 100% of PPS equivalent with zero exposure to things like late delivery of hardware.  Let alone doing the more complicated stuff - like working out that people were insistent on overpaying for DMS.MINING for ages even with the ability to take the other side (it's now beyond doubt that early on the market was setting far too high a price on DMS.MINING - even without an issuer ABLE to manipulate the price upwards).

Noone other than a sock-puppet or someone severely mentally defiicent could claim this ever even remotely looked like a worthwhile investment for BTC.  Unfortunately my guess is that most investors weren't of the sock-puppet variety.

[scotjam]

...
It seems a shame that cloudhashing isn't working out as planned - would be great to see more companies doing well but the abysmal performance of most of the ASIC manufacturers makes these businesses tricky... how can you plan a business when your suppliers never deliver?

scotjam

 

 this thread is long but the seller gave me 17 btc back on 20.4 btc which was a loss that i was willing to do.  partially offset by a rise in btc price my real loss was about 260 usd   just under 2 btc.

If you read the cloud hashing thread you will see that CH is in deep and whether he is a good guy or a bad guy remains to be seen..  I do not think any investor will do well with CH. myself included.

  I take things relative.  I have to go for a second skin cancer operation on Halloween .  Last year my face this year my back and I am lucky my grandmother died from it (Norwegian skin is not good with the sun)  My mom has had 7 operations.  My doctor told me the next ten years I may have 3 or 4 more.  So a small loss of 500-600 max I can live with it.

philipma - I agree that the jury is still out on whether or not he is a good guy, but it's hard to see any way that any customer could make a profit here.

Having said that, the same is true for most mining purchases these days. We may find that Hashfast and Terrahash will wipe out any returns after December in practice by creating a step-change in difficulty rather than just "regular" exponential growth.

Soon, the only way for individuals to make money on mining will be the same as what weed-growers do right now - bypass the electricity meters and run with free energy. Tough to imagine that working for long though, and there are going to be a lot of broken bitcoin dreams for regular law-abiding folks like you and I.

Hearing your story, it sounds like you've been on quite a journey. Best of luck with your business endeavours (it seems you've had mixed luck so far, but I hope it improves) and more importantly, your operation. I guess the good news (if you can call it that) is that it's something operable. Stay tough.

scotjam

[scotjam]

What's sad about this is that the operator appears to feel the need to default on contracts,  All he had to do was not bother ordering ASICs at all and he could have paid out based on PPS, avoided a ton of hassle and kept the majority of investors' funds with no risk and no reliance on third-parties.  Mining is, right now, a loss-making proposition unless you have ridiculously low power costs and/or access to hardware at near cost - if you're selling the right to mining output at a massive markup (plus taking a management fee AND keeping 'reinvested' funds at end of contract) then it seems amazingly stupid to actually buy hardware at all.

I'd be tempted to run a scheme like this myself were it not that:

a)  Even with the evidence in front of me in this thread I still struggle to believe anyone's stupid enough to have bought it.
b)  I'm able to make a profit without lying to/misleading/causing loss for others so have no reason to ruin my reputation.
c)  There's just something unattractive to me about ripping people off - no matter how retarded they are and how much they deserve it (and yes - anyone who fell for this DOES deserve it as reward for deluding themselves into believing that they were competent to 'invest').  Doing it would feel like an admission that I lacked the capability to make profit in a more honest and straightforward manner myself.

Deprived - you're right that financially speaking it would be stupid to buy hardware (and as long as difficulty keeps rising exponentially you might get away with it), but legally speaking, if you collect funds but don't buy hardware it's a ponzi scheme, and therefore represents fraud. That is a criminal offence pretty much everywhere I believe, even though (ironically) it might be the best thing for retail bitcoin investors right now.

The problem is, with that kind of scheme investors are *guaranteed* not to make a positive (BTC) return, whereas with a group buy they could earn more BTC than they put in (in theory - e.g. if Hashfast and Terrahash turned out to be frauds, KnC stopped shipping etc).

scotjam

[philipma1957]

...
It seems a shame that cloudhashing isn't working out as planned - would be great to see more companies doing well but the abysmal performance of most of the ASIC manufacturers makes these businesses tricky... how can you plan a business when your suppliers never deliver?

scotjam

 

 this thread is long but the seller gave me 17 btc back on 20.4 btc which was a loss that i was willing to do.  partially offset by a rise in btc price my real loss was about 260 usd   just under 2 btc.

If you read the cloud hashing thread you will see that CH is in deep and whether he is a good guy or a bad guy remains to be seen..  I do not think any investor will do well with CH. myself included.

  I take things relative.  I have to go for a second skin cancer operation on Halloween .  Last year my face this year my back and I am lucky my grandmother died from it (Norwegian skin is not good with the sun)  My mom has had 7 operations.  My doctor told me the next ten years I may have 3 or 4 more.  So a small loss of 500-600 max I can live with it.

philipma - I agree that the jury is still out on whether or not he is a good guy, but it's hard to see any way that any customer could make a profit here.

Having said that, the same is true for most mining purchases these days. I thought I was being smart buying a Mercury (all I could afford) from KnC who are *almost* delivering on time (but not quite) - http://mining.thegenesisblock.com/a/960202cede. That purchase ain't looking so pretty now... especially when you consider VAT (as per the link). Looks like only participants in VAT-free Jupiter group buys will make a decent ROI - http://mining.thegenesisblock.com/a/ee332d41e6 - and we may find that Hashfast and Terrahash will wipe out any returns after December in practice by creating a step-change in difficulty rather than just "regular" exponential growth.

Soon, the only way for individuals to make money on mining will be the same as what weed-growers do right now - bypass the electricity meters and run with free energy. Tough to imagine that working for long though, and there are going to be a lot of broken bitcoin dreams for regular law-abiding folks like you and I.

Hearing your story, it sounds like you've been on quite a journey. Best of luck with your business endeavours (it seems you've had mixed luck so far, but I hope it improves) and more importantly, your operation. I guess the good news (if you can call it that) is that it's something operable. Stay tough.

scotjam

 thanks bro..  I will post here after the doc lets me know how bad or good it is.

[s1lverbox]

tokeweed - I think its time to get a job and put down the bong. the fact that someone with the name "tokeweed" is the only one pumping this business makes me glad that im out

You are a full on CH fanboy and most likely paid for this crap. Take an honest look at this business.  They are dishonest and completely incompetent.

you got out and you still visit the thread. makes me think you're still interested what CH is up to.

as for being a CH fanboy, not getting paid by them. i am just protecting my contracts. the more the business is a success the more every contract holder is happy.

You realise that only u trying to get more business for CH.
What a hypocrite, first u calling people by names than u advising them how to do to whitdraw the money.

Seriously, thanks to you CH have less customers than EVER.
And to be clear, the biggest troll and fanboy is you.

[tripppn]

Been sitting at 30% for a week now and not a peep from CH... What's up CH???

[MerchantMiner]

tokeweed - I think its time to get a job and put down the bong. the fact that someone with the name "tokeweed" is the only one pumping this business makes me glad that im out

You are a full on CH fanboy and most likely paid for this crap. Take an honest look at this business.  They are dishonest and completely incompetent.

you got out and you still visit the thread. makes me think you're still interested what CH is up to.

as for being a CH fanboy, not getting paid by them. i am just protecting my contracts. the more the business is a success the more every contract holder is happy.

You realise that only u trying to get more business for CH.
What a hypocrite, first u calling people by names than u advising them how to do to whitdraw the money.

Seriously, thanks to you CH have less customers than EVER.
And to be clear, the biggest troll and fanboy is you.

+ 100,000,000,000,000              JOKER TOKER LOL ROLF LMAO ECT ECT ECT

[trankil]

the didn't answer to my support tickets.....

[tokeweed]

the didn't answer to my support tickets.....

patience. these people are not scammers. they are giving it their all sorting out these problems. to anyone who wants a refund, you will get it.

[heltic]

the didn't answer to my support tickets.....

patience. these people are not scammers. they are giving it their all sorting out these problems. to anyone who wants a refund, you will get it.

They always answer to my emails... Until i ask for a refund...

Smells like a scam...

[modcom]

Where s this weeks payout? Why is it late?

[cloudhasher]

Hey All,

All contracts are now mining at 100% capacity. Will make an announcement soon about the mining pool.

Regarding payouts. This will be managed by the mining pool.  Hope to give you login details very soon.

Kind regards

Emmanuel