[ANN] Bitcoin cloud mining with no minimal withdrawal limit and mintenance fee

[Artur O]

Minehive offers a 2-year period BTC mining contract with start price only $1,50 for 10GH/s.

Our unique service features:

• No minimum withdrawal amounts.
• No withdrawal fees (except for the miner fee, which is deducted from the transaction amount).
• No hidden or additional service payments. You only pay for the electricity you use.
• 24-month contract period.
• Open statistics.

At this stage all income is directed to further development of our enviroment to increase efficiency.
You can calculate ROI and see its dependence on the bitcoin exchange rate on our website www.minehive.eu or on your dashboard on my.minehive.eu   

Our miners are connected to the BTC pool and the AntPool. Every user receives a percentage of all mined BTC (after deducting electricity costs). We don’t transfer hashing power from pool to pool.

We would like to hear your propositions and feedback.

We’d like you to check out our YouTube channel
https://www.youtube.com/channel/UCM2YPdk7fE0nM3fJBu1_KOw   

And follow our telegram channel:
https://t.me/minehive   

For news and updates follow Facebook/Twitter/Instagram:
https://www.facebook.com/Minehiveeu-2079663472318150/
https://twitter.com/minehive_eu
https://www.instagram.com/minehive_eu/

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[Artur O]

We have updated our web page www.minehive.eu! Now it's even more simple to start mining bitcoins!
More improvements are on the way!

[Artur O]

We are glad to announce that our withdrawal service is up and running! Check that on https://my.minehive.eu

[Artur O]

Summer madness continues!
We are selling out 500TH of hashing power!

Be among the lucky ones to start mining bitcoins with best price contract ever!
Only 80$ for 1TH with promocode GETSUMMER. No minimal withdrawal limit and fee. https://minehive.eu

[tmfp]

Hi
Re: your site calculator, under the projected ROI you have this

*All calculations are made depending on market BTC price

Electricity cost deducted (0.1 €/kWh)

Is the electricity cost included in the projection, or must it be deducted from the gross estimate in order to establish a net return?

Thanks.

[shaw1]

Cloud mining is synonymous with "ponzi scheme" far too often these days.
And your rates beat out just about everything I've seen.

How can you prove you are not a ponzi scheme.
Obviously we can't know entirely for sure, but could you live stream your warehouse with the miners? Could you prove that you do in fact own that much hashrate?

You'll of course understand the concern.

So if you could figure out a way to prove that you do have the hardware, and the warehouse, (without a trip to Lithuania), that would likely help your cause a lot.

Also, the "no maintenance fees" bit scares me. How do you make money after the sale has finished? Are the electricity rates inflated to include the fee there?

[saerlingen]

Earnings are in Bitcoin only,right?

also, does mining earnings accumulate in our account or is it paid out automatically to our external btc addy?

If it accumulates in site, you really offer free withdrawal with no minimum amount?

Sounds too good

[stomachgrowls]

Cloud mining is synonymous with "ponzi scheme" far too often these days.
And your rates beat out just about everything I've seen.

How can you prove you are not a ponzi scheme.
Obviously we can't know entirely for sure, but could you live stream your warehouse with the miners? Could you prove that you do in fact own that much hashrate?

You'll of course understand the concern.

So if you could figure out a way to prove that you do have the hardware, and the warehouse, (without a trip to Lithuania), that would likely help your cause a lot.

Also, the "no maintenance fees" bit scares me. How do you make money after the sale has finished? Are the electricity rates inflated to include the fee there?

Dont expect for op to provide those things being asked. He even didnt tend to reply on concerns on here even if you tried to look out hes still continuing on promoting this cloud bitcoin mining of his. He wont post any proofs that he do operate such farm or do have the warehouse if he does then we might consider investing but the thing you said about no fees? That raises a red flag already and been wondering if he would charge all by himself all the cost in terms of maintenance.

[Artur O]

Cloud mining is synonymous with "ponzi scheme" far too often these days.
And your rates beat out just about everything I've seen.

How can you prove you are not a ponzi scheme.
Obviously we can't know entirely for sure, but could you live stream your warehouse with the miners? Could you prove that you do in fact own that much hashrate?

You'll of course understand the concern.

So if you could figure out a way to prove that you do have the hardware, and the warehouse, (without a trip to Lithuania), that would likely help your cause a lot.

Also, the "no maintenance fees" bit scares me. How do you make money after the sale has finished? Are the electricity rates inflated to include the fee there?

Hello, pardon for late reply.

Yes, it is sad, that lot of good ideas and companies these days are often compared with ponzi scheme and the situation around the cloud mining is the same and i understand why.

The live stream from our hive is absolutely possible, i personally will send you "high five" with your nickname on the paper, will it be ok for the proof ? 

About "no maintenance fee" - yes, you right, sounds little bit scary, but if to count not as much as t can be. We are rising funds for our next hives, and all money collected will be used to purchase new equipment for those. More equipment - more customers and so on. To be honest we do not sell all the hashing power we got .. we left some for ourselves, from what we can eliminate the maintenance fee.

[Artur O]

Earnings are in Bitcoin only,right?

also, does mining earnings accumulate in our account or is it paid out automatically to our external btc addy?

If it accumulates in site, you really offer free withdrawal with no minimum amount?

Sounds too good

Hello, thank you for the question

All mining earnings are accumulated in your minehive's account and can be withdrawed any time you want if there is sufficient balance on the account (your balance - network miner fee - electricity fee)
We have just updated our dashboard, so all the statistics can be easily found there, like electricity you used, your mining profit for the day/ month / year; your balance etc. Also the amount you can withdraw.

Actually, if you missed the news, we got first withdrawal yesterday.

[Artur O]

Cloud mining is synonymous with "ponzi scheme" far too often these days.
And your rates beat out just about everything I've seen.

How can you prove you are not a ponzi scheme.
Obviously we can't know entirely for sure, but could you live stream your warehouse with the miners? Could you prove that you do in fact own that much hashrate?

You'll of course understand the concern.

So if you could figure out a way to prove that you do have the hardware, and the warehouse, (without a trip to Lithuania), that would likely help your cause a lot.

Also, the "no maintenance fees" bit scares me. How do you make money after the sale has finished? Are the electricity rates inflated to include the fee there?

Dont expect for op to provide those things being asked. He even didnt tend to reply on concerns on here even if you tried to look out hes still continuing on promoting this cloud bitcoin mining of his. He wont post any proofs that he do operate such farm or do have the warehouse if he does then we might consider investing but the thing you said about no fees? That raises a red flag already and been wondering if he would charge all by himself all the cost in terms of maintenance.

Hello, wasn't able to answer you sooner, we were updating our services and doing some maintenance for the miners.
I think i have answered your doubts some posts ago and for the proof a can send you a "high five" with your nickname on the paper from the hive too

[Artur O]

Hi
Re: your site calculator, under the projected ROI you have this

*All calculations are made depending on market BTC price

Electricity cost deducted (0.1 €/kWh)

Is the electricity cost included in the projection, or must it be deducted from the gross estimate in order to establish a net return?

Thanks.

Hello,
after the update calculator says "Electricity price is not included (0.1 €/kWh)" hope that will help.

[Artur O]

Here is promised "high five" from minehive. https://www.instagram.com/p/BkM1NupH4iN/ So anyone else who wants to make sure we are alive you are welcome! We can do such sessions regullary: you ask a question and we can answer it on video, maybe even in hive (it's noisy there)

[Artur O]

While others are "Out of Stock" #minehive bitcoin cloud mining farm (https://minehive.eu) has more than 500 TH/s of mining power to offer just for 70 USD per 1 TH/s!

[tmfp]

While others are "Out of Stock" #minehive bitcoin cloud mining farm (https://minehive.eu) has more than 500 TH/s of mining power to offer just for 70 USD per 1 TH/s!

With your electricity deduction, using S9's, it seems like a zero sum game at the moment.

[Artur O]

While others are "Out of Stock" #minehive bitcoin cloud mining farm (https://minehive.eu) has more than 500 TH/s of mining power to offer just for 70 USD per 1 TH/s!

With your electricity deduction, using S9's, it seems like a zero sum game at the moment.

It's not really zero, it's still profitable. But you are right - electricity price is main challenging issue we are solving now.

[shaw1]

You are aware that bitcoin.com is selling 1 year contracts @ 35 bucks for 1 TH/s, right?

So they've got half your price, are an established company, and have basically no downsides, that I can see.

Why should anyone choose your service?

[Artur O]

You are aware that bitcoin.com is selling 1 year contracts @ 35 bucks for 1 TH/s, right?

So they've got half your price, are an established company, and have basically no downsides, that I can see.

Why should anyone choose your service?

Yeah, but with daily fee 1.40 USD your profit is a negative value. (as is shown at price chooser) 
We do not have any additional fees, so everything you mine for 24 month is yours (miner fee and electricity price are deducted while withdrawal)

[Flexibit]

Anyone here already purchasing some hash power from this site? Can anyone share their experience on this one? I am thinking of investing small amount of money since bitcoin price is currently spiking as the time of writing

[Artur O]

Anyone here already purchasing some hash power from this site? Can anyone share their experience on this one? I am thinking of investing small amount of money since bitcoin price is currently spiking as the time of writing

Hi, thanks for being interested in our service. If any questions - do not hesitate to contact our support (support@minehive.eu), or just PM me here.

[markiz73]

Not only is the price of the bitcoins increasing, but also the complexity of their mining. It is much safer to invest in bitcoin, it will still grow in value in the near future. I have contracts in cloud services, for today they are all unprofitable.

[Artur O]

Not only is the price of the bitcoins increasing, but also the complexity of their mining. It is much safer to invest in bitcoin, it will still grow in value in the near future. I have contracts in cloud services, for today they are all unprofitable.

Can't fully agree with you.
Let's imagine the future: you invest now 6k$ in 1 BTC and hold that till it's become worth 100k$, lets imagine that in 1 year period, what means after 1 year you will have the same 1 BTC.
And another option: you invest the same amount of money in mining powers, so in 1 year period your 1 BTC will turn into 1,2 BTC (120k$).
It's just up to you to decide which option is more suitable for you.

[tmfp]

Not only is the price of the bitcoins increasing, but also the complexity of their mining. It is much safer to invest in bitcoin, it will still grow in value in the near future. I have contracts in cloud services, for today they are all unprofitable.

Can't fully agree with you.
Let's imagine the future: you invest now 6k$ in 1 BTC and hold that till it's become worth 100k$, lets imagine that in 1 year period, what means after 1 year you will have the same 1 BTC.
And another option: you invest the same amount of money in mining powers, so in 1 year period your 1 BTC will turn into 1,2 BTC (120k$).
 

That is specious.

you invest now 6k$ in 1 BTC and hold that till it's become worth 100k$, lets imagine that in 1 year period, what means after 1 year you will have the same 1 BTC.

You will have invested dollars originally so you calculate your profit in dollars, which would be $94k, ROI of 1566%.

you invest the same amount of money in mining powers 

You are not "investing in mining powers", you are paying 1 BTC 'rent' in exchange for hash proceeds. so at the end of the contract your original 1BTC is gone, all you have left are the accumulated payouts.

so in 1 year period your 1 BTC will turn into 1,2 BTC (120k$)

No-one knows what eye watering difficulty there would be if BTC went to $100k, or the cost of profitable mining equipment, so how can you possibly say this? Where do you get these figures from? Show your calculations.

Your ROI calculator is misleading and meaningless in its headline numbers, because of the all important electricity cost (hidden in small font). Why do you default it to a Bitcoin price of $11,516??
This is the real situation as it stands



Fwiw, I have some sympathy for small miners in the current circumstances, but misleading potential investors is wrong.
No-one knows what the future will bring, including you.

[Artur O]

We provide no hidden calculations or whatever else. BTC price above was just taken as an example and instead of 100k$ I could write 1$, but who wants to believe that BTC price will be 1$?
The forecasted BTC price on the web calculator is based on average BTC price fluctuations for the period from 2017-12 to 2018-05. You can always switch to the market price if you like.
I don't know how did you calculate 23 USD loss, but i know for sure, if the BTC price will continuesly fall in future none mining company could give you any positive value of profit. So everything depends on BTC price and network difficulty.