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cloudhasher
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June 18, 2013, 10:25:35 AM |
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No math behind 50BTC estimated return for 10GH/s. That's a joke.
The only fact is that your are charging $1,000 for 10GH/s, when it costs $200 or less to you.
Good luck with your ponzi scheme.
At current difficulty, here are the numbers if you care to research Coins per 24h at these conditions 0.2600 BTC Power cost per 24h 0.00 USD Revenue per day 26.50 USD Less power costs 26.50 USD System efficiency - MH/s/W Mining Factor 100 at the end of the time frame 0.16 USD/24h@100MHash/s Average Mining Factor 100 0.21 USD/24h@100MHash/s Power cost per time frame 0.00 USD Revenue per time frame 7636.52 USD Yes we expect to difficulty to shoot up, we have the revenue reinvestment program to boost the profitabilty of our clients. Customers receive additionally hashing power on a monthly basis as we keep spare capacity and purchase hardware aggressively. This additionally hashing power increases profitability. Accusations are easy to throw about. Kind regards |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Bitcoinorama
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June 18, 2013, 10:29:47 AM |
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Where are you based though, really? Your good-looking website still misleads: Address: 145-157 St John Street, London EC1V 4PW, England United Kingdom Even though you appear to have removed the totally misrepresentative map with large red marker stating; "this is our office"... https://cloudhashing.com/contact |
Make my day! Say thanks if you found me helpful  BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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cloudhasher
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June 18, 2013, 10:31:30 AM |
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Where are you based though, really?
Your good-looking website still misleads: Address: 145-157 St John Street, London EC1V 4PW, England United Kingdom
Even though you appear to have removed the totally misrepresentative map with large red marker stating; "this is our office"...
Look admittedly the web designer put the map up and have asked for its removal. We are London based. Willing to meet anybody in the London area who wants to. Will buy you a coffee, my treat :-) |
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Bitcoinorama
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June 18, 2013, 10:32:15 AM |
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If anyone wants me to check them out, i'm London based as well...
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Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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cloudhasher
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June 18, 2013, 10:33:20 AM |
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If anyone wants me to check them out, i'm London based as well...
Sure PM me if interested and will arrange something |
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ArcticWolf
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June 18, 2013, 10:38:09 AM |
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I like this idea! If I were in London Id take you up on that. Im getting pretty sick of seeing the word SCAM being attached to anything new that enters the bitcoin market with zero proof or research being done. Hopefully you guys will start hashing soon and everyone will be forced to eat their words |
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cloudhasher
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June 18, 2013, 10:42:18 AM |
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I like this idea! If I were in London Id take you up on that. Im getting pretty sick of seeing the word SCAM being attached to anything new that enters the bitcoin market with zero proof or research being done. Hopefully you guys will start hashing soon and everyone will be forced to eat their words Absolutely. As I said to others , if you are sceptical, don't buy a contract or at least wait for July contracts to behind before taking the plunge. What we are trying to do is take bitcoin to the mainstream. This forum is NOT mainstream. Most of our customers don't reside here. The accusation that get thrown about are wild to say the least. If you are in the London area anytime let me know and we'll hook up. Regards |
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Rampion
Legendary
 Offline
Activity: 1148
Merit: 1018
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June 18, 2013, 10:57:10 AM |
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No math behind 50BTC estimated return for 10GH/s. That's a joke.
The only fact is that your are charging $1,000 for 10GH/s, when it costs $200 or less to you.
Good luck with your ponzi scheme.
At current difficulty, here are the numbers if you care to research Coins per 24h at these conditions 0.2600 BTC Power cost per 24h 0.00 USD Revenue per day 26.50 USD Less power costs 26.50 USD System efficiency - MH/s/W Mining Factor 100 at the end of the time frame 0.16 USD/24h@100MHash/s Average Mining Factor 100 0.21 USD/24h@100MHash/s Power cost per time frame 0.00 USD Revenue per time frame 7636.52 USD Yes we expect to difficulty to shoot up, we have the revenue reinvestment program to boost the profitabilty of our clients. Customers receive additionally hashing power on a monthly basis as we keep spare capacity and purchase hardware aggressively. This additionally hashing power increases profitability. Accusations are easy to throw about. Kind regards So you just confirmed you are a SCAMMER. You are implying: 1) Difficulty will be the same as today in September 2) Difficulty will NOT INCREASE in one year How can you even dare to make your calculation at actual difficulty if you plan to start hashing on September? Are you really so ignorant or you are just trying to scam newcomers? Just FYI, in the last 4 months difficulty went up by x4 and the growth trend is increasing.So go ahead and use AT LEAST x4 the current difficulty for your calculations... Oh wait... You ordered 30TH/s, so only your order will make difficulty to go up by 20%, without even considering the impact on difficulty of the 1,000TH that KnC will likely ship simultaneously to your order. And... Oh wait, difficulty is currently increasing by +25% every 10 days aprox., which would mean x7 by September. Then... What a ridiculous dumbass.... You expect difficulty to be constant for one year? Don't try to fool your customer and make proper calculations with an appropriate profitability decline. What about x50 difficulty growth in 12 months? Let's see a REAL calculation, with a starting difficulty of 100 mill. (x5 current difficulty, less than what you would have at the current +25% increase each 10 days, so I'm being generous): Coins per 24h at these conditions 0.0501 BTC
Power cost per 24h 0.00 USD
Revenue per day 5.11 USD
Less power costs 5.11 USD
System efficiency 100.00 MH/s/W
Mining Factor 100 at the end of the time frame 0.00 USD/24h@100MHash/s
Average Mining Factor 100 0.01 USD/24h@100MHash/s
Power cost per time frame 0.00 USD
Revenue per time frame 467.82 USD
Less power costs 467.82 USD
So, yeah - 4.77BTC in one year and not 50BTC, dumbass. KnCMiner hardware is STILL profitable because 10GH/s cost only $200 and you are getting $467 in one year, but you are selling the 10GH/s for $1,000... Oooops. What are you implying, that a 350GH/s miner will generate 1,750BTC in one year just by investing 30% of the profits in more hashing power? YOU ARE FULL OF SHIT AND YOU KNOW ITSHAME ON YOU. AND SHAME ON EVERY SUCKER INVESTING IN THESE SCAMMERS |
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ArcticWolf
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June 18, 2013, 11:00:57 AM |
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you must be so much fun at parties
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 18, 2013, 11:02:11 AM |
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you must be so much fun at parties
A fool and his money is soon to be parted. You are either a shill or a sockpuppet. This is hard math. The returns cloudhashing are advertising are impossible to achieve. Wake up. |
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hardinero007
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June 18, 2013, 11:43:30 AM |
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hi cloudhash. i bought a 2 ghash/s - 1 year contract months ago for july batch for 300 usd, believing this investment would bring me around 10 btc your monthly news update states that may, june and july batch will start hashing this june. knowing now that the mining hardware are yet to be delivered, i'm losing hope that this investment will be valueable, and at the same time i don't want to be called a fool or dumb, hence i want to refund my investment. please guide me on how to file for the refund. many thanks, although i'll be pulling out my investment, i hope your company will do good to you and other investors. looking forward for your prompt reply.
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cloudhasher
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June 18, 2013, 11:50:46 AM |
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hi cloudhash. i bought a 2 ghash/s - 1 year contract months ago for july batch for 300 usd, believing this investment would bring me around 10 btc your monthly news update states that may, june and july batch will start hashing this june. knowing now that the mining hardware are yet to be delivered, i'm losing hope that this investment will be valueable, and at the same time i don't want to be called a fool or dumb, hence i want to refund my investment. please guide me on how to file for the refund. many thanks, although i'll be pulling out my investment, i hope your company will do good to you and other investors. looking forward for your prompt reply.
Sure send an email to info with your order number and it will be processed. We don't do customer support on this forum. Kind regards |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 18, 2013, 05:01:55 PM |
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hi cloudhash. i bought a 2 ghash/s - 1 year contract months ago for july batch for 300 usd, believing this investment would bring me around 10 btc your monthly news update states that may, june and july batch will start hashing this june. knowing now that the mining hardware are yet to be delivered, i'm losing hope that this investment will be valueable, and at the same time i don't want to be called a fool or dumb, hence i want to refund my investment. please guide me on how to file for the refund. many thanks, although i'll be pulling out my investment, i hope your company will do good to you and other investors. looking forward for your prompt reply.
Sure send an email to info with your order number and it will be processed. We don't do customer support on this forum. Kind regards No, because we expose you as the filthy scammers you are. Show us your business plan, come on. Or do you want people to invest in your contracts and believe they will get 50BTC from 10GH/s deployed in September (LOL) base on what, your word? NO. Investors look at the numbers. Show us your business plan so we can finally understand what is your über-genius plan that will enable you to squeeze 50BTC in 12 months from 10GH/s deployed in September, only by reinvesting 30% of the profit in more hardware. And do not embarass yourself like in the other thread, were you presented your ridiculous calculations made at the current difficulty and considering no increase in difficulty whatsoever in one year. That was genius, man. AGAIN: Show - me - the - fucking - numbers. |
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almwaysa
Member
Offline
Activity: 66
Merit: 10
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June 18, 2013, 06:10:15 PM |
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Disclaimer: I do not know any of the cloudhashing guys and I am not accusing them of scam or not.
but here are some numbers with some assumptions that I made.
Assuming difficulty is up %20 per month
Assuming the 10GH contract
I have used the average difficulty over the next two years which would be around 310million.
The net income over two years would be around -197 USD if the value of bitcoin stays the same, which is highly unlikely.
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Kinetic915
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June 18, 2013, 11:41:20 PM |
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This is basically a scam. Charging 949 for 10 Ghs is hilarious. Buy a miner that is faster for ~300 $.
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kerhac
Member
Offline
Activity: 65
Merit: 10
RVelasco mi nuevo usuario
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June 18, 2013, 11:55:40 PM |
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Yes, cloudhashing are greedy scammers
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atariguy
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June 19, 2013, 03:32:32 PM |
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This is basically a scam. Charging 949 for 10 Ghs is hilarious. Buy a miner that is faster for ~300 $.
Where do you get even 10 GH/s for $300 without having it be worthless by the time you get it? |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 19, 2013, 03:36:05 PM |
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This is basically a scam. Charging 949 for 10 Ghs is hilarious. Buy a miner that is faster for ~300 $.
Where do you get even 10 GH/s for $300 without having it be worthless by the time you get it? (the provider of cloudhashing BTW) -> $200 x 10GH/s And they plan to deliver in September, which is the date in which Cloudhashing is planning to start mining (because I already said they are buying their units to KnCminer, right?) |
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atariguy
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June 19, 2013, 03:38:33 PM |
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This is basically a scam. Charging 949 for 10 Ghs is hilarious. Buy a miner that is faster for ~300 $.
Where do you get even 10 GH/s for $300 without having it be worthless by the time you get it? (the provider of cloudhashing BTW) -> $200 x 10GH/s And they plan to deliver in September Right, like I said...  |
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Tigggger
Legendary
Offline
Activity: 1098
Merit: 1000
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June 19, 2013, 03:41:17 PM |
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This is basically a scam. Charging 949 for 10 Ghs is hilarious. Buy a miner that is faster for ~300 $.
Where do you get even 10 GH/s for $300 without having it be worthless by the time you get it? (As others have said whilst I was typing), same place that cloudhashing do, KNC Miner. If you can't afford a full unit, join a group buy like this one... https://bitcointalk.org/index.php?topic=233624.010 GH will cost you 2BTC ~ $216 (No connection to/in that group buy myself, just first one I saw, there are others) |
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