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

[msc]

Looks like they got the hardware.  440THs.  Now lets see if they actually use the mt gox price to determine RRP or change to a legit exchange that isn't drowning.  What would be nice is if they used the price btc was at when they originally promissed rrp.

They said on Facebook that the price for this RRP will be $803.

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[cesmak]

One month delay of the monthly rrp this is COMPLETELY UNACCETTABLE !!!!

CH you are acting (as usual) in the bad way !!! 

[tripppn]

Looks like they got the hardware.  440THs.  Now lets see if they actually use the mt gox price to determine RRP or change to a legit exchange that isn't drowning.  What would be nice is if they used the price btc was at when they originally promissed rrp.

They said on Facebook that the price for this RRP will be $803.

$803...  not bad

[cloudhasher]

Today's email to customers. 

Cloud Hashers,

We have been slowly but surely bringing more than a thousand machines online, totaling in excess of multiple Petahashes, and we will be working on that as long as it takes to do so.  We had wanted to have this ready for you no later than January 31st, but our supplier was delayed in shipping us our equipment, and so we unfortunately have had to delay the customer RRP hashing power until we have had enough hashing power available to add it to all of our customers' accounts.

The way it works is that we receive our new equipment from our suppliers and then must install and test the equipment in our datacenters.  It's a considerable amount of technical work, and we appreciate everyone's patience as we break new ground with new hashing power.

We hope we will be able to implement the RRP very soon, and will work working tirelessly around the clock to bring this new hashing power online in order to do so.

We also understand that the price of Bitcoin has dropped since Jan. 31, largely due to worries about Mt. Gox and the situation there.  We pledge to use the Jan. 31 Bitcoin price of $803 when we implement RRP for January.  Despite the temporary dip in Bitcoin's price, we feel strongly that our customers should not be hurt by our supplier's delay.  So please look forward to us implementing your RRP at the January 31 price instead of the current market price.

The RRP program has become so popular that it takes hundreds and hundreds of terahashes brought online to implement it fairly to all of our customers simultaneously.  We ask that you please bear with us as we increase our hashing power and then implement the RRP hashing power.

As always, we are very grateful to each and every one of you for your understanding and support.

The CloudHashing.com team

[philipma1957]

Updated stats

CH pulled .0573 out from my account On JAN. 6th  all should be in my btc address more then 40 hours later no money.

 So I wait. for my .0573 so far my older payments are below



my grand total for my july contract is 737 usd in   285.68 usd out  .  I cash when I get the coins

Aug  07 2013---- 0.10600 ---------------   $10.26                        
Aug 21 2013---- 0.17220-----------------   $19.20
Sept 4  2013---- 0.21109----------------    $25.74
Sept 18 2013--- 0.29672-----------------    $37.77
Oct   2 2013---- 0.26425-----------------   $29.79
Oct 26 2013---- 0.11149-----------------    $20.55
Nov 14 2013--- 0.10087-----------------     $41.68
Nov 26 2013--- 0.06246-----------------    $57.85
Dec 15 2013--- 0.05045-----------------     $42.84
Jan   8  2014---0.06125-----------------     $50.23  total of $335.91 usd returned so far.


How do I rate them a little better.

 But They underpaid from JULY 4 the promised start date up until sept 1. This cost more then 2 btc.

 They gave me 1.25gh free hash to make up for that loss and frankly it does not and will not make up for that.
 They promised me  my 1 year 5.0 gh contract For July would be extended to Sept 2014 since full hash started in sept 2013.
 It still reads it ends July 2014.
 They promised me a refund Back in July and or August they never gave it.

So while they continue to pay out btc and have not folded they have more to go.  BUT paying out btc has to count for something

 I must say that I am grateful they have continued to pay.

New update coming.  I am at .0502 btc and will soon be entitled to a withdrawal .  So I will get .051 in two days or feb 25th.

that will be about  30 usd. bringing me up to 365 back on a 737 usd investment.
 
 what truly amazes me is A) it is still possible to get a fiat breakeven if coins jump up in price.

This was not the worst investment ever  just not a good one.  I will give exact numbers when and if the btc is sent to me.

[tripppn]

Looks like they hit the PHs mark... now can we get our RRP and get our btc out of limbo??? Either that or let me withdraw them so I can put them to good use dammit!!!

[cloudhashing_patrick]

Looks like they hit the PHs mark... now can we get our RRP and get our btc out of limbo??? Either that or let me withdraw them so I can put them to good use dammit!!!

RRP happened at $15/GH @ $803/BTC

[i4btc12]

As a new user of CloudHashing, I am actually pretty excited and pleased by my first ten days.

• The user interface is really pleasant and always up.. I'm not always logging in/out. A nice level of activity is there and not onerous and you can drill down if you want for more details on blocks / rounds
• It was nice to see a second contract come up today in my dashboard (for the RPP) and calculated at more than double what's currently the average BTC price. I think the RPP is an excellent idea for if/when BTC shoots up to 5K$USD and the price/GH decreases.
  But for now I think we're pretty constrained by huge demand for limited hardware (driving price up) and frankly a very crappy BTC/USD exchange. I might switch RPP off for now.
  The best thing with RPP is that it keeps you in the game longer (for when mining might really deliver the $ or CH offers a special deal that if you are in the game, you can jump on right away.. I've noticed BFL and CH doing this before)
• The primary contract started on the date promised. Other mining by the GH services like BFL is looking like almost 2 month delay
• The amazing thing is to see fairly steady daily BTC to my account and so far bi-weekly to my wallet in the face of huge hashing increases like from 400 to 1100 TH in days. That is one mean technology feat I am sure
• I'm new to the technology so I might not know what I'm talking about in the previous line. But that's what I really like about this whole experience, being thrown in the fire figuratively speaking, the blocks, the hashes, being forced to configure hard / soft wallets, learning a whole lot of good stuff in the forums...
• a lot of the criticism in the forum is valuable in the learning process. I have to admit that I did not read enough before, and though I am good at math, my passion for this technology (and a lot of experience in investment) overrides some better judgement.
  It has to be knocked into my head that it's likely better just to buy BTC but in retrospect, I think a lot of people at Mt GOX would have much preferred this cloud hashing of their BTC.
  These are crazy times and I've already seen lots of crazy things happen already (ref. Business Week Feb. 5th 1996 cover page "Apple : The Fall Of An American Icon" -- if you bought into Apple that day, you'd easily be a millionaire today)  so I won't hardly be surprised if the BTC/USD rate changes the whole landscape phenomenally for the better when you least expect it
• note to newbies : find a detailed comprehensive mining calculator that shows you never breaking even and work backwards from there.  Thus far CH is performing better than the calculator I most often check, even with CH's huge hardware additions

[mobodick]

As a new user of CloudHashing, I am actually pretty excited and pleased by my first ten days.

• The user interface is really pleasant and always up.. I'm not always logging in/out. A nice level of activity is there and not onerous and you can drill down if you want for more details on blocks / rounds
• It was nice to see a second contract come up today in my dashboard (for the RPP) and calculated at more than double what's currently the average BTC price. I think the RPP is an excellent idea for if/when BTC shoots up to 5K$USD and the price/GH decreases.
  But for now I think we're pretty constrained by huge demand for limited hardware (driving price up) and frankly a very crappy BTC/USD exchange. I might switch RPP off for now.
  The best thing with RPP is that it keeps you in the game longer (for when mining might really deliver the $ or CH offers a special deal that if you are in the game, you can jump on right away.. I've noticed BFL and CH doing this before)
• The primary contract started on the date promised. Other mining by the GH services like BFL is looking like almost 2 month delay
• The amazing thing is to see fairly steady daily BTC to my account and so far bi-weekly to my wallet in the face of huge hashing increases like from 400 to 1100 TH in days. That is one mean technology feat I am sure
• I'm new to the technology so I might not know what I'm talking about in the previous line. But that's what I really like about this whole experience, being thrown in the fire figuratively speaking, the blocks, the hashes, being forced to configure hard / soft wallets, learning a whole lot of good stuff in the forums...
• a lot of the criticism in the forum is valuable in the learning process. I have to admit that I did not read enough before, and though I am good at math, my passion for this technology (and a lot of experience in investment) overrides some better judgement.
  It has to be knocked into my head that it's likely better just to buy BTC but in retrospect, I think a lot of people at Mt GOX would have much preferred this cloud hashing of their BTC.
  These are crazy times and I've already seen lots of crazy things happen already (ref. Business Week Feb. 5th 1996 cover page "Apple : The Fall Of An American Icon" -- if you bought into Apple that day, you'd easily be a millionaire today)  so I won't hardly be surprised if the BTC/USD rate changes the whole landscape phenomenally for the better when you least expect it
• note to newbies : find a detailed comprehensive mining calculator that shows you never breaking even and work backwards from there.  Thus far CH is performing better than the calculator I most often check, even with CH's huge hardware additions

CH has just pissed away more than a month of hashing for their customers witout compensation.
And then you come along and praise them to heaven.


Obvious sockpuppet is obvious.
And as a sockpuppet for CH you are full of bullshit.
Even if you're geuine you're still full of bullshit, only you don't know yet.

[philipma1957]

Updated stats

CH pulled .0573 out from my account On JAN. 6th  all should be in my btc address more then 40 hours later no money.

 So I wait. for my .0573 so far my older payments are below



my grand total for my july contract is 737 usd in   285.68 usd out  .  I cash when I get the coins

Aug  07 2013---- 0.10600 ---------------   $10.26                        
Aug 21 2013---- 0.17220-----------------   $19.20
Sept 4  2013---- 0.21109----------------    $25.74
Sept 18 2013--- 0.29672-----------------    $37.77
Oct   2 2013---- 0.26425-----------------   $29.79
Oct 26 2013---- 0.11149-----------------    $20.55
Nov 14 2013--- 0.10087-----------------     $41.68
Nov 26 2013--- 0.06246-----------------    $57.85
Dec 15 2013--- 0.05045-----------------     $42.84
Jan   8  2014---0.06125-----------------     $50.23  total of $335.91 usd returned so far.


How do I rate them a little better.

 But They underpaid from JULY 4 the promised start date up until sept 1. This cost more then 2 btc.

 They gave me 1.25gh free hash to make up for that loss and frankly it does not and will not make up for that.
 They promised me  my 1 year 5.0 gh contract For July would be extended to Sept 2014 since full hash started in sept 2013.
 It still reads it ends July 2014.
 They promised me a refund Back in July and or August they never gave it.

So while they continue to pay out btc and have not folded they have more to go.  BUT paying out btc has to count for something

 I must say that I am grateful they have continued to pay.

New update coming.  I am at .0502 btc and will soon be entitled to a withdrawal .  So I will get .051 in two days or feb 25th.

that will be about  30 usd. bringing me up to 365 back on a 737 usd investment.
 
 what truly amazes me is A) it is still possible to get a fiat breakeven if coins jump up in price.

This was not the worst investment ever  just not a good one.  I will give exact numbers when and if the btc is sent to me.

payout came in today.   .051  about 29.55

so for 737 up front I have 365 back down 372. 

 First part of contract dies in july and it should not since full hashing started in sept.     tag on second contract ends in oct.
My advice stands do not invest with them as they do not honor their word.

[cloudhasher]

We will be implementing Revenue Reinvestment on March 7 at the price of $12.19 per GH/s. We have already calculated the estimated hashing power this will require, and we will have the capacity to implement it then, so we won't run into the issue we suffered through last time.

 -Michael

[kulin3422]

I request a payment for 4days and still can't receive.What happened?SCAM?

[msc]

I request a payment for 4days and still can't receive.What happened?SCAM?

You'll get the payment.  They're slow.

[kulin3422]

I request a payment for 4days and still can't receive.What happened?SCAM?

You'll get the payment.  They're slow.

How long will it take？

[cesmak]

I request a payment for 4days and still can't receive.What happened?SCAM?

You'll get the payment.  They're slow.

How long will it take？

Normaly 1 to 2 days to see the pay ammount on the payout history pass from the state of "requested" to the state "sent" and 1 to 2 days more to receive in the wallet....

So normaly near 4 to 5 days.... it's a slooooow processsss....

[msc]

I request a payment for 4days and still can't receive.What happened?SCAM?

You'll get the payment.  They're slow.

How long will it take？

I just got my payment a few minutes ago.

Edit: Almost 2 hours later, no confirmation.  They paid 0.0001 for a 4k transaction.

[vga]

I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?

[cloudhasher]

http://www.prweb.com/releases/2014/03/prweb11639887.htm

CloudHashing.com Announces Mt. Gox Customer Relief Effort

AUSTIN, Texas (PRWEB) March 05, 2014

Leading Bitcoin mining company CloudHashing.com has announced a Mt. Gox customer relief effort by offering an exclusive discount on mining contracts to distressed Mt. Gox customers.

Mt. Gox customers can start earning Bitcoins immediately after purchasing a CloudHashing.com mining contract.

As reported by Wired's Robert McMillan in "The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster" the longstanding Bitcoin exchange recently disclosed massive losses.

CloudHashing.com employee Lukas Gilkey, among several others, personally lost more than $40,000 overnight when Mt. Gox became insolvent. Gilkey and the CloudHashing.com team developed the Mt. Gox relief effort to support others like himself.

"I was angry and outraged by what happened, and I know many feel the same way. I wanted to create something to help people like me," said Gilkey. "If we can come together as a community and help pick others up when they're down, it will say a lot about who we are as a group and our commitment to one another's success."   

Mt. Gox customers should email Relief@CloudHashing.com with proof that they held an account with the exchange. Acceptable verification includes email correspondence or other communication (with account numbers or other sensitive information hidden) to qualify for the exclusive discount.

CloudHashing.com invites other Bitcoin businesses to launch similar initiatives to support the Bitcoin community.

"The Bitcoin community is a large family, and when a significant portion of this family is hurt, we need to rally behind them. As a trusted and established Bitcoin company, we felt an obligation to act. We believe in Bitcoin, and we believe in the Bitcoin community. We hope others will follow our lead," said Emmanuel Abiodun, CloudHashing.com's chief executive officer.

Bitcoin is an increasingly popular online currency and technology that is changing the way many are purchasing things online in the same way the Internet revolutionized how people connect to one another.

CloudHashing.com's announcement comes on the heels of the company being featured in the New York Times article "Into the Bitcoin Mines" and in Data Center Knowledge "As Bitcoin Infrastructure Booms, Mining Heads to the Data Center"

Cloudhashing.com is a Bitcoin mining technology company where customers can purchase mining contracts and earn bitcoins via their website with no technical knowledge. It is a pioneer in the Bitcoin industry and was the first to introduce cloud-based Bitcoin mining. The London-based company has thousands of customers worldwide.

[cloudhasher]

We will be implementing Revenue Reinvestment on March 7, 2014 and we have lowered the price from $12.19 per GH/s to $9.00 per GH/s! 

This means that you will receive significantly more hashing power for your RRP than previously announced.  We wanted to reward our loyal customers who have been so instrumental in our success and have stood by us as we have matured and developed as a company.  Thank you!

-Michael

[Doeboy]

"Warning Trade with extreme Caution"


I've had back a third of my investment with current difficulty so high i'll be lucky to make another 3% in total!


YOU HAVE BEEN WARNED