Cloud mining / contracts - share your experience

[easy8]

I heard a lot of bad things about cex and cloudhashing, some good and some bad about scrypt, mostly good about pbmining, and only good about genesis mining. the rest you mentioned is completely unknown for me... i wonder whether they are even legit, and i would be interested to hear some experiences!

[7queue]

I have tried cex.io and snowball.io so far.

 Cex is good if you use their api and auto trade, I tried the ghash.io pool against eligius.st and would prefer eligius since the payout was similar.

 snowball.io was giving out a free Ghash so I signed up and tried them, also added some BITs and bought more, they are new and need more hardware and work on the site.

 I signed up with pbmining but haven't funded an account yet.

8 )

[fbarcelo]

I'm testing several cloud miners with small investment in each one

Scrypt

Date   Hour   Type   Price   KHS Traded   Total BTC
25/09/2014   02:40:50   Buy   0,00009026   11   0,00099286
23/09/2014   11:31:36   Buy   0,00010452   1   0,00010452
20/09/2014   08:04:28   Buy   0,00010225   3   0,00030675
20/09/2014   06:09:20   Buy   0,00011055   70   0,00773850
20/09/2014   04:50:38   Buy   0,00011050   60   0,00663000
01/09/2014   01:38:51   SELL   0,00009200   8   0,00073600
01/09/2014   01:24:57   SELL   0,00009155   11   0,00100705
01/09/2014   01:24:36   SELL   0,00009175   34   0,00311950
01/09/2014   11:19:45   SELL   0,00009201   50   0,00460050
01/09/2014   05:13:21   SELL   0,00010500   4   0,00042000
01/09/2014   05:13:17   SELL   0,00010500   10   0,00105000
01/09/2014   05:13:13   SELL   0,00010500   10   0,00105000
01/09/2014   05:13:12   SELL   0,00010500   5   0,00052500
01/09/2014   05:13:10   SELL   0,00010500   5   0,00052500
01/09/2014   05:13:09   SELL   0,00010500   5   0,00052500
01/09/2014   05:13:07   SELL   0,00010500   5   0,00052500
29/08/2014   11:56:33   Buy   0,00008845   1   0,00008845
29/08/2014   11:52:37   SELL   0,00008800   1   0,00008800
29/08/2014   04:30:32   Buy   0,00008500   1   0,00008500
27/08/2014   12:15:35   Buy   0,00008951   1   0,00008951
27/08/2014   12:14:09   Buy   0,00008952   1   0,00008952
26/08/2014   12:26:12   Buy   0,00008470   50   0,00423500
26/08/2014   05:15:55   Buy   0,00007600   2   0,00015200
26/08/2014   05:15:54   Buy   0,00007600   2   0,00015200
25/08/2014   09:52:19   SELL   0,00009800   10   0,00098000
25/08/2014   06:32:33   Buy   0,00007934   100   0,00793400
25/08/2014   03:41:17   SELL   0,00008070   4   0,00032280
25/08/2014   03:41:10   SELL   0,00008070   4   0,00032280
25/08/2014   03:41:00   SELL   0,00008000   12   0,00096000
25/08/2014   03:40:59   SELL   0,00008000   100   0,00800000
25/08/2014   03:40:57   SELL   0,00008000   4   0,00032000
25/08/2014   03:40:50   SELL   0,00008000   4   0,00032000
25/08/2014   03:23:42   SELL   0,00008050   4   0,00032200
25/08/2014   11:08:31   Buy   0,00008009   3   0,00024027
24/08/2014   09:12:24   Buy   0,00007387   12   0,00088644
24/08/2014   09:11:29   Buy   0,00006900   1   0,00006900
24/08/2014   09:10:55   Buy   0,00006900   1   0,00006900
21/08/2014   08:39:28   Buy   0,00009385   20   0,00187700
21/08/2014   02:10:17   Buy   0,00009950   29   0,00288550
19/08/2014   07:09:33   Buy   0,00010520   42   0,00441840
19/08/2014   07:09:10   Buy   0,00010517   24   0,00252408

Pros:
Very cheap and good profit currently at 0.00006680 Mhs
You could sell your Mhs and go aout at any time

Cons:
There are others with more profit/Mhs relation
Some people understand they are not trustable, I've tried myself some withdrawals whithout problems (Could provide the evidence if required)
They mine altcoins and change thm into BTC for paying, some people understand that this could damage BTC in the long term

Link (With refer to me, please use it if you find my info useful) http://scrypt.cc?ref=badIk

Hash Profit

29.09.2014 04:00   profit   0.00156420 BTC   Profit for 28.09.2014 with 220 Kh/s
28.09.2014 04:00   profit   0.00154220 BTC   Profit for 27.09.2014 with 220 Kh/s
27.09.2014 02:00   profit   0.00160820 BTC   Profit for 26.09.2014 with 220 Kh/s
26.09.2014 07:13   payout   -0.00689197 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr cf5b17219a9780c4b365d841946c5163056cf645711541552107d3efd1aa82f6
26.09.2014 02:00   profit   0.00153780 BTC   Profit for 25.09.2014 with 220 Kh/s
25.09.2014 02:00   profit   0.00147906 BTC   Profit for 24.09.2014 with 220 Kh/s
24.09.2014 02:00   profit   0.00158400 BTC   Profit for 23.09.2014 with 220 Kh/s
23.09.2014 02:00   profit   0.00162279 BTC   Profit for 22.09.2014 with daily average 219 Kh/s
22.09.2014 02:00   reinvest   -0.00224000 BTC   Automated re-investment #32173, 1 Kh/s bought
22.09.2014 02:00   profit   0.00142131 BTC   Profit for 21.09.2014 with 219 Kh/s

Pros:
they give you 200 Mhz for "free" testing (In order to retire or use the profit of those 200 you need to buy them real Mhz)
Very cheap and good profit


Cons:
There are others with more profit/Mhs relation
They mine altcoins and change thm into BTC for paying, some people understand that this could damage BTC in the long term
You couldn´t sell your Mhs and go out at any time
Some people understand they are not trustable, I've tried myself some withdrawals whithout problems (Could provide the evidence if required)

Link (With refer to me, please use it if you find my info useful) https://hashprofit.com/en/registration/?hp=17300


CEX.io

ID    Completed    Duration    Pool Speed    Your Speed    Difficulty    Your Shares    Your Score    Rejected    Total Shares
88195   Open   3 minutes   62.04 Ph/s   -   34661425923   0   0.000%   0 (0.00%)   2542387490
88194   2014-09-29 16:46:07   9 minutes   61.01 Ph/s   8.33 Gh/s   34661425923   1024   0.000%   0 (0.00%)   7500001636
88193   2014-09-29 16:37:19   9 minutes   59.96 Ph/s   -   34661425923   0   0.000%   0 (0.00%)   7500001151
88192   2014-09-29 16:28:22   9 minutes   57.84 Ph/s   3.95 Gh/s   34661425923   512   0.000%   0 (0.00%)   7500020422
88191   2014-09-29 16:19:05   9 minutes   59.19 Ph/s   8.08 Gh/s   34661425923   1024   0.000%   0 (0.00%)   7500000325
88190   2014-09-29 16:10:01   9 minutes   58.13 Ph/s   -   34661425923   0   0.000%   0 (0.00%)   7500001247
88189   2014-09-29 16:00:47   9 minutes   58.22 Ph/s   -   34661425923   0   0.000%   0 (0.00%)   7500257367
88188   2014-09-29 15:51:33   9 minutes   59.96 Ph/s   8.19 Gh/s   34661425923   1024   0.000%   0 (0.00%)   7500002509
88187   2014-09-29 15:42:36   9 minutes   58.49 Ph/s   -   34661425923   0   0.000%   0 (0.00%)   7500000242
88186   2014-09-29 15:33:25   9 minutes   59.63 Ph/s   4.07 Gh/s   34661425923   512   0.000%   0 (0.00%)   7500001267
88185   2014-09-29 15:24:25   9 minutes   59.24 Ph/s   4.04 Gh/s   34661425923   512   0.000%   0 (0.00%)   7500000226


Pros:
Trustable site with long history
Market included, you could speculate with the coins and the Ghz you have and obtain additional profit from that
You mine other altcoins at the same time

Cons:
Very expensive, really you loose money if only mine


Link (With refer to me, please use it if you find my info useful) https://cex.io/r/0/fbarcelo/0/

Information for other sites will be added soon.

[xephyr]

IMO there are only four cloud mining outfits worth a damn, and one stands out as an excellent buy. I review all four and expose the scams at Altcoin Cloud Mining.

[SFMiner]

I'm currently building out a cloud mining service, and I want to ask people what they like about their current cloud mining services (ie. CEX, GAW, Hashop.io, Hashnest/Snowball.io, Cloudhashing, etc).  I'm about 2 months from launching, so I have plenty of time to implement user-requested features once it rolls out.

For example,

- what do you think about monthly maintenance/power fees vs. all-inclusive plans?
- would you prefer seeing BTC/THS, BTC/GHS, $/THS or $/GHS for contract pricing?
- what is the min/max hash rate you would consider purchasing/renting?
- what is the min/max contract length you would consider; do annual/monthly/weekly contracts make sense?
- are current referral fees attractive enough that you would recommend a cloud mining service to others?
- would you prefer direct access to your contracted hardware's interface, or a simplified interface?

As I said, I'm a few months from launching anything, but your input will help me develop the best service possible.

Thanks!

- SFMiner

[fbarcelo]

- what do you think about monthly maintenance/power fees vs. all-inclusive plans? - All inclusive, the other options seems to be complex just to scam you.

- would you prefer seeing BTC/THS, BTC/GHS, $/THS or $/GHS for contract pricing? All the options, sometimes ones are better sometimes the others.

- what is the min/max hash rate you would consider purchasing/renting? Depending on the price and condifions from 5 GHS to 25 GHS for testing purposes. Only if it works well and pays out whithout issues will consider bigger contracts.

- what is the min/max contract length you would consider; do annual/monthly/weekly contracts make sense? Everithing makes sense depending on the price

- are current referral fees attractive enough that you would recommend a cloud mining service to others? Yes

- would you prefer direct access to your contracted hardware's interface, or a simplified interface? Simplified

Also consider to have a market to operate with the GHS buyed.

[xstr8guy]

This is not an endorsement but I have positive ROI on 1190GHs that I bought from PBMining in March. But my latest earning for the past week were only .15btc, lol.

I think it might be nearly impossible to have that same success with GHs bought today though.

[SuniX]

My cloud / trading experience at CEX.

https://bitcointalk.org/index.php?topic=805526.0

[betterangels]

You will need to be mining & trading if you want to see your investment back (no profit).

btw,
Fee is too high, isn't "daily"... is per every "share" .. (just check the "fee" of the 2 hrs "blocks".). = no roi.

CEX.io isn't a cloud mining site... is just a trading site.

Dont invest in cex.io
You will just lose your money & time.
IMHO:

[fbarcelo]

Today I've tried to withdraw some coins from Scrypt.cc and couldn't do that, I will let you know if they fix the "issue" meanwile don't invest there.

[okae]

for BTC mining pbmining for me is the best by far, they pay religiously every sunday. ( i have them on my current signature )

for alt coins im searching for the best one, i read a lot of good things about genesis-mining  and for me is now the #1 of my list, btw im still reading and searching untill i decide to buy some mhs.

[AirFlame]

I can recommend GAW, definitely the fastest growing and most innovative cloud mining company on the market.

[Kprawn]

For obvious reasons, I would say GAW is the best, but I compare them with CEX.

CEX have a nice clean interface, but the high maintenance fees, kill most profits, if you only mine.

You have to continuously re-invest in buying GHs otherwise the difficulty will catch up and absorb profits too. 

If you want to try CEX click https://cex.io/r/0/Kprawn/0/

If you want to try GAW click on my signature. 

[Hazir]

After researching subject of cloud mining a lot. Checking most of competitors and trying it by myself. I've got to say that I think GAW is in the lead right now. The only problem is BTC price right now... But if price will stabilize in the future for sure

[xephyr]

When GAWMiners introduced Hashlets at $16 they were a good buy. Nothing they have introduced since compares, I honestly cannot recommend anything they are selling now, you would see more profit just buying bitcoin below $350 and holding. If you really feel the need to cloud mine the only service that makes sense with ROI less than two months is Litecoin GEAR.

[Stargazer]

So you're one of the "hodlers". I believe people who tried that in the last 8 months won't give you a high five.

[xephyr]

So you're one of the "hodlers". I believe people who tried that in the last 8 months won't give you a high five.

I bought all my bitcoin below $300, thanks. My post merely pointed out that if you are bullish on bitcoin buying and holding is a better strategy than mining at the moment. If you are going to go ahead and buy physical miners or cloud mining it also makes sense to pay with fiat only.

[MasonryOpening]

I have 2 awesome sites that I think we can earn money from it.
But I am currently confusing about the profitability of them.
The first one is Nimbus https://www.nimbusmining.com/cart/,
$900 to buy 2000GH, *Do you think we can earn back the money within one year? *
According to my calculation, from https://tradeblock.com/mining/
It will earn 375+900 before next year if the bitcoin price is still 330.
The other sites is Hashprofit https://hashprofit.com/en/?hp=62997, (200KH free giveaway right now)
This site offer a weird high return per Mh, 0.00713000BTC per day per 1Mh.
However the price per MH is also expensive, 0.41 per 1Kh.
Can anyone tell me about which one of the site is better?

[Stargazer]

I never heard of nimbus and and never seen anyone share experiences with them.
First glance:
Can't find any information about them, which should be included, like name of the owner and location.
This is extremely important as cloud mining sites can be completely fake, you buy a contract and the site disappears a month later.
I also found this: Our strong relationship with ButterflyLabs comes from having been using their equipment for a long time.
Although they claim to be a separate company, it's possible they are run by the same people or their friends, and BFL's reputation is well known.

hashprofit looks a bit better, they reveal some information about the location of their business and the data centers, and according to them you can get a refund if you don't like the services.

You should find people who dealt with them and get more details before investing.

[fbarcelo]

Here are my last figures with Hashprofit

I'm happy with them and planning to invest more, specialy now that they are offering 35% discount price to all buyers cause they are expanding the business.

Beside of that I receive a coupon code making that discount bigger to 51% but it will be valid just today

If you consider my info useful and are planning to buy them some power please use my refer link as a way to say thankyou.
And if you plan to do that today (October 8 2014)  send me a private message ans I will share you the coupon code to.

https://hashprofit.com/en/registration/?hp=17300

08.10.2014 04:00   profit   0.00156860 BTC   Profit for 07.10.2014 with 220 Kh/s
07.10.2014 04:00   profit   0.00160864 BTC   Profit for 06.10.2014 with 220 Kh/s
06.10.2014 04:00   profit   0.00152460 BTC   Profit for 05.10.2014 with 220 Kh/s
05.10.2014 04:00   profit   0.00150700 BTC   Profit for 04.10.2014 with 220 Kh/s
04.10.2014 04:00   profit   0.00149820 BTC   Profit for 03.10.2014 with 220 Kh/s
03.10.2014 09:29   payout   -0.01083940 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr d93e018493bd2420ae26e168ba71bd2879e03597a6354749372ba995a633f4a4
03.10.2014 04:00   profit   0.00154000 BTC   Profit for 02.10.2014 with 220 Kh/s
02.10.2014 04:00   profit   0.00148060 BTC   Profit for 01.10.2014 with 220 Kh/s
01.10.2014 04:00   profit   0.00155980 BTC   Profit for 30.09.2014 with 220 Kh/s
30.09.2014 04:00   profit   0.00154440 BTC   Profit for 29.09.2014 with 220 Kh/s
29.09.2014 04:00   profit   0.00156420 BTC   Profit for 28.09.2014 with 220 Kh/s
28.09.2014 04:00   profit   0.00154220 BTC   Profit for 27.09.2014 with 220 Kh/s
27.09.2014 02:00   profit   0.00160820 BTC   Profit for 26.09.2014 with 220 Kh/s
26.09.2014 07:13   payout   -0.00689197 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr cf5b17219a9780c4b365d841946c5163056cf645711541552107d3efd1aa82f6
26.09.2014 02:00   profit   0.00153780 BTC   Profit for 25.09.2014 with 220 Kh/s
25.09.2014 02:00   profit   0.00147906 BTC   Profit for 24.09.2014 with 220 Kh/s
24.09.2014 02:00   profit   0.00158400 BTC   Profit for 23.09.2014 with 220 Kh/s
23.09.2014 02:00   profit   0.00162279 BTC   Profit for 22.09.2014 with daily average 219 Kh/s
22.09.2014 02:00   reinvest   -0.00224000 BTC   Automated re-investment #32173, 1 Kh/s bought
22.09.2014 02:00   profit   0.00142131 BTC   Profit for 21.09.2014 with 219 Kh/s
21.09.2014 02:00   profit   0.00148701 BTC   Profit for 20.09.2014 with 219 Kh/s
20.09.2014 09:30   payout   -0.00709639 BTC   Payout to address 19GKVsnUWeEmyDAvE1zbRyUy7kcLFeyFNr 86271d572d0a470ad8c1ce5a69ee193cce39413985beb422bdf903ad8d5ebb52
20.09.2014 02:00   profit   0.00158337 BTC   Profit for 19.09.2014 with 219 Kh/s
19.09.2014 02:00   profit   0.00153081 BTC   Profit for 18.09.2014 with 219 Kh/s
18.09.2014 02:00   profit   0.00149112 BTC   Profit for 17.09.2014 with daily average 218 Kh/s
17.09.2014 02:00   profit   0.00147777 BTC   Profit for 16.09.2014 with 217 Kh/s
17.09.2014 00:19   reinvest   -0.00382000 BTC   Automated re-investment #28894, 2 Kh/s bought
16.09.2014 02:00   profit   0.00137361 BTC   Profit for 15.09.2014 with 217 Kh/s
15.09.2014 02:00   profit   0.00134757 BTC   Profit for 14.09.2014 with 217 Kh/s
14.09.2014 02:00   profit   0.00151416 BTC   Profit for 13.09.2014 with daily average 216 Kh/s
13.09.2014 02:07   reinvest   -0.00191000 BTC   Automated re-investment #26689, 1 Kh/s bought
13.09.2014 02:07   profit   0.00145555 BTC   Profit for 12.09.2014 with daily average 215 Kh/s
12.09.2014 02:31   reinvest   -0.00152000 BTC   Automated re-investment #25916, 1 Kh/s bought
12.09.2014 02:31   profit   0.00149158 BTC   Profit for 11.09.2014 with daily average 214 Kh/s
11.09.2014 02:31   reinvest   -0.00151000 BTC   Automated re-investment #25119, 1 Kh/s bought
11.09.2014 02:31   profit   0.00148887 BTC   Profit for 10.09.2014 with daily average 213 Kh/s
10.09.2014 20:51   reinvest   -0.00151000 BTC   Automated re-investment #24906, 1 Kh/s bought
10.09.2014 02:31   profit   0.00153276 BTC   Profit for 09.09.2014 with daily average 212 Kh/s
09.09.2014 16:50   reinvest   -0.00154000 BTC   Automated re-investment #23843, 1 Kh/s bought
09.09.2014 02:31   profit   0.00139049 BTC   Profit for 08.09.2014 with daily average 211 Kh/s
08.09.2014 16:37   reinvest   -0.00191000 BTC   Automated re-investment #23244, 1 Kh/s bought
08.09.2014 02:31   profit   0.00132930 BTC   Profit for 07.09.2014 with daily average 210 Kh/s