Hashocean? | Point of view on Cloud mining ? | Hardware mining |

[puremage111]

Sorry if there's tons of questions in a post, just answer what you know about it 

Hashocean Questions
1)How long did the website has actually operates?

2)As its been accused on running on ponzi scheme, which means there are no actual miner? Or they Did have the miner but due to bitcoin halving they sold everything and run?

Cloud Mining Questions
3)Do you believe cloud mining could run long term?

4)Across these, Genesis mining, nicehash, hashnest, do you people consider all of them legit? If yes why, if no, why?

Hardware mining questions
Example : Specifications Antminer S5
Hash Rate: 1155 GH/s
Power Consumption: 560 to 590 W
Power Efficiency: 0.51 J/GH
Electricity Price : $0.15/kwh

If i am running the antminer for a month 24/7

5)How can i calculate how much electricity $ i should pay per month?

6)If it produce 1155 GH per second, does it means it will uses 590 Watt every second? or how does the power Watt be calculated?

7)How is the Power efficiency calculated?

[~Bitcoin~]

If you like to know more about hashocean than have a look at this https://news.bitcoin.com/hashocean-cloud-mining-scam/

“They don’t ever even own their own mining facilities. They just take pictures from other companies, Photoshop them, then pretend they are theirs.”  

Any of the cloud mining service provider can make fake images of their mining rigs so there is no way to verify their real mining capacity. If any of the cloud mining sites start to sell more mining power than what they really have in their farms, than they are running in ponzi model which is not a sustainable business model.

Try mining calculator like https://alloscomp.com/bitcoin/calculator to calculate what you can get with your antminer.

[JeffBrad12]

Sorry if there's tons of questions in a post, just answer what you know about it 

Hashocean Questions
1)How long did the website has actually operates?

2)As its been accused on running on ponzi scheme, which means there are no actual miner? Or they Did have the miner but due to bitcoin halving they sold everything and run?

Cloud Mining Questions
3)Do you believe cloud mining could run long term?

4)Across these, Genesis mining, nicehash, hashnest, do you people consider all of them legit? If yes why, if no, why?

Hardware mining questions
Example : Specifications Antminer S5
Hash Rate: 1155 GH/s
Power Consumption: 560 to 590 W
Power Efficiency: 0.51 J/GH
Electricity Price : $0.15/kwh

If i am running the antminer for a month 24/7

5)How can i calculate how much electricity $ i should pay per month?

6)If it produce 1155 GH per second, does it means it will uses 590 Watt every second? or how does the power Watt be calculated?

7)How is the Power efficiency calculated?

1. they did to operates the website since 2014

2. No, please read about the ponzi scheme in the network.

3. yes I believe such as hashnest and genesismining

4 read this http://themerkle.com/genesis-mining-review/

For the further question please move it into the correct place.

[mrcash02]

1) The scheme worked for about 1-2 years, but they claimed to be alive since more time, what was a lie.

2) No, they didn't have the mining equipments, they never showed any proof of that. They weren't a mining company, they never were.

3) Yes, look the "legit" cloud minings, they are working on long term, but the payrate is lower each new day... No profit at all.

4) Until now they didn't lie, althought the payrate is lowered each new day, they are working and continue paying their lifetime contracts, I think it can't be considered a scam, right? But it's not very correct from their part, as they are not telling everything about the lifetime contracts.

About the another questions I don't know, but S5 I think doesn't worth anymore as there is already S7. The climate of your realm will change the results also. Cold place, better / Hot place, worse.

[cengsuwuei]

hashocean is very long time is scam and not paid again
hashocean not real mining , only open business use ponzi scheme system