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

[ZetaOS]

Today is the day that the September contracts starts mining.

[bittop100]

good news！

[bittop100]

+1

[cloudhasher]

There is a timer on our homepage.

Keep a close watch

[Stinky_Pete]

There is a timer on our homepage.

Keep a close watch

Seems to be 5 days away. What is it counting down to?

[ManicMeddler]

Happy days free mining, is it NMC merged also?

Hi,

Merged mining will come in a few weeks after. Just need to have you guys on and running smoothly first.

Then we can look into alt coins.

Emmanuel

merged mining on the pool should be restricted to contract owners imho, it'd be a great incentive to purchase contracts, the contract holders could get all the non holders NMC, it would also go along way to appease the mob too.

Merged mining for contract holders, FTW

[ZetaOS]

There is a timer on our homepage.

Keep a close watch

Why not start now?
We not gonna make 0,8 BTC whit the gold or higher contracts if we start whit the new diff.

My calculations for the next diff will be 205.000.00 after that 390.0000.

[bigasic]

I've been watching you guys and am curious about your business model. But, are your sure about your numbers?

From your website
*Using estimates of:
Bitcoin network hashrate = 450 TH/s in September 2013,
Bitcoin network hashrate = 2,000 to 3,000 TH/s in September 2014
Bitcoin price of $100 & September 2014


We are already over 1 petahash (in september) and I think we will be closer to 8 petahashes at the beginning of the year. This spring, however, I believe the rate will level off.. Im just saying that your numbers that your advertising are inaccurate, i think.. Or am I wrong?.. Granted, namecoins will bring in an extra 2 or 3 percent. Or do you get your numbers by reinvesting? Im just curious as to how do you calculate the hashrate and future hashrate?

Not trying to be negative, but I believe in truth in advertising. I don't think its right for someone that has no clue as to how bitcoin mining works goes to your website and thinks that they will double their investment. If your numbers were true and held true, you would be right, but seeing that the hash rate is more than double than you advertise. Maybe you should update those advertising numbers once a month to give a more accurate return.

The one area that I think you are underestimating is the cost of bitcoin, I sure hope its above 100.00 in a year. Maybe thats what you should do. Average the monthly average of the bitcoin and advertise what  it will probably be next year. Maybe it will make up for the difficulty that your most certainly underestimating.

Maybe Im not seeing something...

[ZetaOS]

I've been watching you guys and am curious about your business model. But, are your sure about your numbers?

From your website
*Using estimates of:
Bitcoin network hashrate = 450 TH/s in September 2013,
Bitcoin network hashrate = 2,000 to 3,000 TH/s in September 2014
Bitcoin price of $100 & September 2014


We are already over 1 petahash (in september) and I think we will be closer to 8 petahashes at the beginning of the year. This spring, however, I believe the rate will level off.. Im just saying that your numbers that your advertising are inaccurate, i think.. Or am I wrong?.. Granted, namecoins will bring in an extra 2 or 3 percent. Or do you get your numbers by reinvesting? Im just curious as to how do you calculate the hashrate and future hashrate?

Not trying to be negative, but I believe in truth in advertising. I don't think its right for someone that has no clue as to how bitcoin mining works goes to your website and thinks that they will double their investment. If your numbers were true and held true, you would be right, but seeing that the hash rate is more than double than you advertise. Maybe you should update those advertising numbers once a month to give a more accurate return.

The one area that I think you are underestimating is the cost of bitcoin, I sure hope its above 100.00 in a year. Maybe thats what you should do. Average the monthly average of the bitcoin and advertise what  it will probably be next year. Maybe it will make up for the difficulty that your most certainly underestimating.

Maybe Im not seeing something...

Hope you right! 

Otherwise mine altcoins intill the Diff rate lowers.

[qukkM]

So what is the overall hashrate of cloudhashing? It must be significant if you are going to solo mine.

Looking at your 20Ghash contract for £600 and wondering what % that is of your overall operation. With difficulty increases I would like to know how you compare to someone like 100TH (now 200TH) Mines.

[AussieHash]

http://bflfraud.com/chat-logs/

[6/27/2013 6:06:31 AM] Benny: I’ve wired over $300,000 to three companies
[6/27/2013 6:06:37 AM] Benny: Probably around $400k
[6/27/2013 6:06:39 AM] Me: ? ? ? ? ? !!!!!!!!
[6/27/2013 6:06:50 AM] Benny: Maybe more actually
[6/27/2013 6:07:01 AM] Benny: Yea, a lot more actually
[6/27/2013 6:07:01 AM] Me: You have investors?
[6/27/2013 6:07:17 AM] Benny: Nope
[6/27/2013 6:07:43 AM] Benny: Heard of cloudhashing.com?
[6/27/2013 6:07:55 AM] Me: I think so, maybe
[6/27/2013 6:08:06 AM] Benny: That’s our business
[6/27/2013 6:08:10 AM] Me: I see
[6/27/2013 6:08:27 AM] Benny: Our goal once this dust all settles is to make mining available to the consumer
[6/27/2013 6:08:36 AM] Benny: Since a lot of these companies are mining solo or for themselves
[6/27/2013 6:08:49 AM] Benny: we’re also reinvesting 30% of mining monthly into new hardware
[6/27/2013 6:08:55 AM] Me: Makes sense
[6/27/2013 6:08:59 AM] Benny: So the theory is
[6/27/2013 6:09:10 AM] Benny: If Difficulty rises less than 30% monthly
[6/27/2013 6:09:12 AM] Benny: it stays ahead
[6/27/2013 6:09:25 AM] Me: True.
[6/27/2013 6:09:33 AM] Benny: In a perfect world, if we get the stuff we ordered
[6/27/2013 6:09:39 AM] Benny: We’ll have around 30TH in September
[6/27/2013 6:09:51 AM] Me: Wow!
[6/27/2013 6:10:00 AM] Me: Who else have you ordered from?
[6/27/2013 6:10:10 AM] Benny: KNCminer and around $80k with Terrahash
[6/27/2013 6:10:18 AM] Benny: we basically funded Terrahash to run their business
[6/27/2013 6:10:25 AM] Me: I see
[6/27/2013 6:10:26 AM] Benny: they used our money to buy their chips

[qukkM]

well that gives me an indication of their hashing power but if they are relying on terrahash they are fucked. they just posted a shutdown notice with an offer of 50% refunds and possibly another 5% if CH pretty much funded TerraHash then CH is going to be proper fucked.

[cloudhasher]

well that gives me an indication of their hashing power but if they are relying on terrahash they are fucked. they just posted a shutdown notice with an offer of 50% refunds and possibly another 5% if CH pretty much funded TerraHash then CH is going to be proper fucked.

We parted ways with Terrahash months ago. Their hardware is not on our implementation list for this weekend.

Regards

Emmanuel

[qukkM]

so what are you hashing at overall right now?

You also say that it gives an expected btc return over the length of the contract but those figures dont look right to me, the platinum for £629.99 suggests between 25 and 51 BTC, however this:

http://mining.thegenesisblock.com/

says cumulative profit over 12 months is $141 from a $1000 investment. Essentially 1 more BTC than i would have had if I had purchased BTC instead of a contract. no where near your figures, can you explain your calculations? Its a lot of money to drop on a 2 year contract that has crazy claims of returns.

[cloudhasher]

so what are you hashing at overall right now?

You also say that it gives an expected btc return over the length of the contract but those figures dont look right to me, the platinum for £629.99 suggests between 25 and 51 BTC, however this:

http://mining.thegenesisblock.com/

says cumulative profit over 12 months is $141 from a $1000 investment. Essentially 1 more BTC than i would have had if I had purchased BTC instead of a contract. no where near your figures, can you explain your calculations? Its a lot of money to drop on a 2 year contract that has crazy claims of returns.

Yes

You seem to forget the increase in hardware density come December. With the cost per Gigahash coming down each month and our RRP (revenue reinvestment), customers stand to make an ROI plus some.

You can't plot that on the genesis block.

Besides a parabolic rate of rise in difficulty would require higher bitcoin pricing just to sustain it.

Thanks

Emmanuel

[bigasic]

so what are you hashing at overall right now?

You also say that it gives an expected btc return over the length of the contract but those figures dont look right to me, the platinum for £629.99 suggests between 25 and 51 BTC, however this:

http://mining.thegenesisblock.com/

says cumulative profit over 12 months is $141 from a $1000 investment. Essentially 1 more BTC than i would have had if I had purchased BTC instead of a contract. no where near your figures, can you explain your calculations? Its a lot of money to drop on a 2 year contract that has crazy claims of returns.

You said what I was trying to say... you said it much better though..

EDit: okay, so its in the reinvestment.. makes more sense now... good luck.. I just looked at the projected numbers of hash rate and since you projected 450THs by september and we are over 1phs in sept. I was also wondering how you came up with that return...

[wachtwoord]

Happy days free mining, is it NMC merged also?

Hi,

Merged mining will come in a few weeks after. Just need to have you guys on and running smoothly first.

Then we can look into alt coins.

Emmanuel

The beneficts for early adoptes apply for those who change his plan to september right? Thanks.

^^ ??

[tokeweed]

well that gives me an indication of their hashing power but if they are relying on terrahash they are fucked. they just posted a shutdown notice with an offer of 50% refunds and possibly another 5% if CH pretty much funded TerraHash then CH is going to be proper fucked.

We parted ways with Terrahash months ago. Their hardware is not on our implementation list for this weekend.

Regards

Emmanuel

So who?  Is it the MEGA BIG POWERRR? 

[tokeweed]

any updates? 

[iCEBREAKER]

well that gives me an indication of their hashing power but if they are relying on terrahash they are fucked. they just posted a shutdown notice with an offer of 50% refunds and possibly another 5% if CH pretty much funded TerraHash then CH is going to be proper fucked.

We parted ways with Terrahash months ago. Their hardware is not on our implementation list for this weekend.

Regards

Emmanuel

So who?  Is it the MEGA BIG POWERRR? 

Labcoin.

*ducks*