BTCMiners "Cloud Hashing" | $8.50 USD per GH/s!

[BTCMiners.net]

We've had a pool up for a little while now.  We have come to the conclusion it's not being used very much.  We have confirmed our purchase of 35 TH/s of hashing power (more to come at a later date) by the end of November.

To stimulate our pool, we are subletting the GH/s out at a fixed rate, which is also a very reasonable rate as well.  We're selling per GH/s @ $9.25 USD $8.50 USD.  We -MAY- charge a small % fee after everything is up and running due to the fact we're literally not going to make any money on this, however as said before it is to stimulate our pool which also has a 0% fee by default.

The 35 TH/s will be divided out per GH/s for the first 35 TH/s and once that has sold out and we get better dates and confirmation on the remaining purchase of the other equipment, those prices will be increased but will also be very competitive to other market players who are "cloud hashing" as well.

We will be selling these at a reasonable rate, only enough to pay for the devices, upkeep, electricity, etc.. If you want a chance to get in on what we hope is a very exciting opportunity please feel free to join us!

 

[BTCMiners.net]

Various GH/s orders are now available for purchase.

[BTCMiners.net]

Rolling out statistics to be updated as often as possible.

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Updated: 11/13/13
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35 TH/s total

146 GH Purchased

34.854 TH/s Remaining

[BTCMiners.net]

This is a great chance for newbies to join in on mining without having a huge risk value involved, along with veteran miners the likewise.  Price per GH/s is extremely low and the time is now to get in on this!  

I'm only pushing the subject because of the overhead expenses.. I'd REALLY like to break even selling these out per GH/s before the items arrive so that they're hashing away and generating revenue near immediately after we receive them.

So, please! Get it while the prices are low!

[allinvain]

What hardware will be delivering this hashing power? HashFast? Bitmine? ....

[BTCMiners.net]

What hardware will be delivering this hashing power? HashFast? Bitmine? ....

Actually we have acquired it from Advanced Miners.  Have been in contact with them.  Should be getting more detailed pictures in the near future.

http://advancedminers.com/bitcoin-mining-hardware/1-2ths-bitcoin-miner/


Getting ready to start the construction of the staging area for the miners to placed on.  Already have all the measurements for the cabling that is needed.  There is a local ISP I am able to rent out a vacant office from, which was their old data-center.  I'll be metered on the electricity usage, but the AC units operational and is capable of handling the needs of these.

We have more on order with them, but are awaiting a delivery date at this point.

Hope that answers your question!

[clin407]

Is the $9.25/gh the monthly rate or a one time fixed cost? I've never done cloud hashing before so would I just be giving you guys my wallet address where you deposit whatever is mined or do i actually get to use the miner on any pool I want?

[BTCMiners.net]

Is the $9.25/gh the monthly rate or a one time fixed cost? I've never done cloud hashing before so would I just be giving you guys my wallet address where you deposit whatever is mined or do i actually get to use the miner on any pool I want?

It would be with BTCMiners.net -- The physical units simply cannot allow multiple pools to be used at once.  So each machine will produce +/- 10% of 1.2TH/s and if you bought 500 GH/s you would be paid out accordingly to what was purchased.  (Basically you get your fair share of what you have paid for.)

As for the pricing, this is for the FIRST 35 TH/s -- After that our next orders will be coming in (to be announced..) and depending on the market and prices and such, I'm quite sure that fee will go up.  $9.25 is the fixed rate for the first 35 TH/s.

Additional Note:
---
Also, when you do purchase X amount of GH/s, I do get your email address.  So closer to the date of arrival I will be reaching out to everyone to get their BTC Address, so that I can keep a record.  We are working on the stats page for these miners, so individuals can log into their accounts similar to CEX and view their hash rates, payout, change BTC address, etc..

[zvs]

That's not reasonable at all, at the difficulty level now, you'd expect around $9.50, in about 6 1/2 days that'll drop, in 10-11 days that'll drop some more, and in 10-11 days that'll drop some more.

End result would be something around $8 if we use the extremely generous MtGox exchange rate.  If you think bitcoins are going to go up, then you should buy bitcoins, not give money away.

[BTCMiners.net]

That's not reasonable at all, at the difficulty level now, you'd expect around $9.50, in about 6 1/2 days that'll drop, in 10-11 days that'll drop some more, and in 10-11 days that'll drop some more.

End result would be something around $8 if we use the extremely generous MtGox exchange rate.  If you think bitcoins are going to go up, then you should buy bitcoins, not give money away.

Well as of right now for all intent purposes just as you said $9.50 per GH/s -- Sure.  I'd still like to see another competitor who has rates that low.  I'm not opposed to dropping the value per GH/s if it's deemed necassary because of difficulty rising and hashing speeds rising as well.

It's already been purchased.  Awaiting delivery.. Had this planned out for a little while now.   Trying to keep it competitive and worthwhile to the community while at least maintaining my original investment capital.  Sure, there might be some fees down the road once we can establish the exact cost of electricity usage, bandwidth consumption, etc.. but this is primarily to stimulate BTCMiners.net pool and to spread diversity among some of the giant pools out there.

Hope I answered that sufficiently, but thanks for your input as well.

[kuusj98]

That's not reasonable at all, at the difficulty level now, you'd expect around $9.50, in about 6 1/2 days that'll drop, in 10-11 days that'll drop some more, and in 10-11 days that'll drop some more.

End result would be something around $8 if we use the extremely generous MtGox exchange rate.  If you think bitcoins are going to go up, then you should buy bitcoins, not give money away.

NOTHING these days is profitable, it makes me kinda sad, but oh hell, just buy some bitcoins and hop onto an exchange and make buckloads of Bitcoin!

[pabloangello]

We've had a pool up for a little while now.  We have come to the conclusion it's not being used very much.  We have confirmed our purchase of 35 TH/s of hashing power (more to come at a later date) by the end of November.

To stimulate our pool, we are subletting the GH/s out at a fixed rate, which is also a very reasonable rate as well.  We're selling per GH/s @ $9.25 USD.  We -MAY- charge a small % fee after everything is up and running due to the fact we're literally not going to make any money on this, however as said before it is to stimulate our pool which also has a 0% fee by default.

The 35 TH/s will be divided out per GH/s for the first 35 TH/s and once that has sold out and we get better dates and confirmation on the remaining purchase of the other equipment, those prices will be increased but will also be very competitive to other market players who are "cloud hashing" as well.

We will be selling these at a reasonable rate, only enough to pay for the devices, upkeep, electricity, etc.. If you want a chance to get in on what we hope is a very exciting opportunity please feel free to join us!

So 10Gh/s would be $92.5 and that is all I would pay yep? For how long is that "contract", few months, year?
Nextly, how often I would recieve a payment for mined BTC.
Do you have any website to make an order?

[andrey82]

The offer seems ok for beginers. I belive it is more profitable than buying an asicminer blade.

I have some questions nobody asked until now;
a) when did you order the equipement
b) ETA on delivery of equipement
c) any photos you can share ? Like the order of the equipement? (I believe you can black out price & adress of delivery& other personal info that should stay private)

LE

People always want something more when they are trying out something new. Can you offer something for first comers? Shares? Price lock or better prices then general public will get on future orders?

[madpoet]

I would also need details on payout frequency, ordering process, etc;  The rate actually is pretty good and I am interested, I just need more details.

[BTCMiners.net]

So 10Gh/s would be $92.5 and that is all I would pay yep? For how long is that "contract", few months, year?
Nextly, how often I would recieve a payment for mined BTC.
Do you have any website to make an order?

10GH/s for $92.50 is a one time fee, no contract.  Again these are intro prices and setups. The future may have contracts.. You'll receive them directly after each block is mined.  You'll be able to deduct as low as 0.001 BTC

Website is located:
http://www.BTCMiners.net

The offer seems ok for beginers. I belive it is more profitable than buying an asicminer blade.

I have some questions nobody asked until now;
a) when did you order the equipement
b) ETA on delivery of equipement
c) any photos you can share ? Like the order of the equipement? (I believe you can black out price & adress of delivery& other personal info that should stay private)

LE

People always want something more when they are trying out something new. Can you offer something for first comers? Shares? Price lock or better prices then general public will get on future orders?

A.) The price will potentially flucate.  As of this moment in time $9.25 is how much per GH/s is going based off of the hardware cost.  

B.) It looks that November seems to be out of the question as I had been previously informed via email.  They will be shipped around the 3rd week of December.  So going to the previous question.. Depending on when these get sent out I will re-adjust accordingly to how much is left of the hashing space and if adjustments (free 1GH/s, 10GH/s, etc.. based accordingly off of what you had ordered.) I think that is the biggest thing that needs to be watched due to difficulty values raising, total hashing rate and figuring out an extremely reasonable pool fee to maintain electricity.  The rent we are covering as we are renting that space already for other hosting services in the near future..

C.) The only photo I could show you is off of their website, since I do not tangibly have them at this point.  As for the invoice for them, sure.. I'll just need to screen shot it, cross out personal information and have it up ASAP

The discounted rate with the possibility of us matching specific GH/s if the value of USD to GH/s falls.  Again as above; if for some reason at $9.25 per GH/s of which we are offering, once it's all setup and the USD to GH/s has halved in price, we would accomodate for the difference to the best of our ability.  Obviously if you order 500GH/s chances are we simply won't have enough hash power to match you 1:1.  However, we will keep a buffer and calculate the difference based on order date, current price per GH/s and then future GH/s prices and will give us X value of the ratio to compensate for.

I would also need details on payout frequency, ordering process, etc;  The rate actually is pretty good and I am interested, I just need more details.

Payout frequency will be after 120 confirmations at first.  We want to see what the electricy bill should come out to, and then we will cover the area of making it instant payouts if you "donate" or allow for a percentage pool donation to help with electricity.  A lot of this is up in the air in terms of pool fees and such.  We'd like to get a 24 hour watt usage prior to opening it to everyone, so that way we can then figure out the electricity usage on average and then can go from there.

Sorry I just now got back to answering all these messages, I had been out today and came back and was astonished on the responses!

Thanks for your questions and hope to see some of you join up with us!

BTCMiners

[BTCMiners.net]

Update:

To make it worth the while for previous buyers and future buyers.  We're going to match 1GH/s per 10GH/s ordered.  That will reduce the cost to around $8.50 per GH/s when ordering 10 GH/s.  We will match near 10% to total on all orders above 10 GH/s. 

[pabloangello]

Update:

To make it worth the while for previous buyers and future buyers.  We're going to match 1GH/s per 10GH/s ordered.  That will reduce the cost to around $8.50 per GH/s when ordering 10 GH/s.  We will match near 10% to total on all orders above 10 GH/s. 

That sounds nice.
Another question, why "Contact" link on yours website doesn't work?

[BTCMiners.net]

Update:

To make it worth the while for previous buyers and future buyers.  We're going to match 1GH/s per 10GH/s ordered.  That will reduce the cost to around $8.50 per GH/s when ordering 10 GH/s.  We will match near 10% to total on all orders above 10 GH/s. 

That sounds nice.
Another question, why "Contact" link on yours website doesn't work?

A lot of the current website development is actually going into the statistics page currently.  The finished website will be done soon enough. 

[BTCMiners.net]

Updated pricing from $9.25 to $8.50 per GH/s.   Updated pricing was so that orders that were 10GH/s and over no longer include the free GH/s due to the fact the entire pricing fees have been changed all together. 

All the pricing has been based off $8.50 per GH/s all the way up to 500 GH/s.  That means you can get 100 GH/s for $850 which is a good bargain at that rate.

Due to the price drop we will most likely implement merged mining to help with the electric costs and possibly a small percentage fee to compensate for any difference. 

Will update with more information as we get it.

[BTCMiners.net]

Here is the wallet with all orders to confirm payments being sent are in one spot and not being spent.

https://blockchain.info/address/11MUhhuJzJvaCm9apSN8tf8zDkMbn9AZt

At first, I had moved the first few transactions to my personal account, but if you feel like browsing through my personal feel free, it's all transparent obviously.  Keeping these aside; it was a quick mistake that was easily remedied.