Cloud mining / contracts - share your experience

[fbarcelo]

Here are my latest updates about Hashprofit

Hash Profit becomes Golden Partner of St Petesburg Bitcoin Conference

They developed their own Altcoin based on one of the most moderns ASIC resistant protocols (X13) - ProfitCoin which is backed by their mining power (You could buy 1PFC=1K/hs)

If you want more information about  PFC https://hashprofit.com/en/profitcoin/

And here is my weekly production


time   type   amount   comment
14.11.2014 04:00   profit   0.00167088 BTC   Profit for 13.11.2014 with 236 Kh/s
13.11.2014 07:17   payout   -0.02138396 BTC   Payout to address 1L6WsGYYNocipGSeE52pAxCBFRFGCVbsDL f9f9d47b49fe1bc22a4e68cd109f803f71431763deb8a32ed9ade65721cce8b6
13.11.2014 04:00   profit   0.00167324 BTC   Profit for 12.11.2014 with 236 Kh/s
12.11.2014 04:00   profit   0.00169448 BTC   Profit for 11.11.2014 with 236 Kh/s
11.11.2014 04:00   profit   0.00168268 BTC   Profit for 10.11.2014 with 236 Kh/s
10.11.2014 04:00   profit   0.00167088 BTC   Profit for 09.11.2014 with 236 Kh/s
09.11.2014 04:00   profit   0.00165908 BTC   Profit for 08.11.2014 with 236 Kh/s
08.11.2014 04:00   profit   0.00165436 BTC   Profit for 07.11.2014 with 236 Kh/s
07.11.2014 04:00   profit   0.00163548 BTC   Profit for 06.11.2014 with 236 Kh/s


And this is my profit análisis since I've started with them

Average Daily production by KH 0,00000706
Production of the free week   0,00988322
Investment 0,30357000

30   Weeks projected balance   0,30637989
52   Weeks projected balance   0,52381078
104   Weeks projected balance (2 years contract) 1,03773833 341,84%

Conclusion
I took a ROI in 30 weeks
Notably, the production remains relatively stable Kh unlike BTC mining where dificulty jumps makes it fall significantly.
At the end of the contract (2 years counted here as 104 weeks) the projected return is 341.84%

If you want to test and found useful information, please do so using my referral link as a way of thanks.
https://hashprofit.com/en/registration/?hp=17300

[flyingplows]

what cloudmining company would you recommend for a newbie ready to try the waters with a several hundred $

[reeko400.1]

what cloudmining company would you recommend for a newbie ready to try the waters with a several hundred $

http://ltcgear.com?apage=716

  will give you the fastest ROI.

[flyingplows]

what cloudmining company would you recommend for a newbie ready to try the waters with a several hundred $

http://ltcgear.com?apage=716

  will give you the fastest ROI.

ye i read it is fast roi, but everything seems out of stock there.. ;]] like all time.. ;]
and the only thing that sometimes is not out of stock costs like 1k$ , so it is a bit too much for a newbie.
btw why their website looks so amateur... but what could i know why is that...
anyway i found some official/unofficial (i dont know) reseller at ipominer hashx for smaller investments in ltcgear but i am not buying anything from them until they integrate it in their website and out of beta. as of now they sell by communicating by email.. thats not good enough

[fbarcelo]

what cloudmining company would you recommend for a newbie ready to try the waters with a several hundred $

For an starter I suggest you to not put all your eggs on the same basket or you could end on a mess

There are a lot of scams (ponzi schemes) so diversifiying is a good way to reduce your risk

Some sites only allow you to buy with BTC, so if you only have U$D you could buy BTC first and with them buy cloud computing power or if you can't buy BTC restrict your purchases to sites that allow you to buy with U$D


I suggest to put the biggest part on zenhashlets, they could be buyed with U$D at http://www.gawminers.com/

Other part on Genesis Mining https://www.genesis-mining.com If you buy them please use this referral code, will give you a 2,5% discount and some points to me  Code --> ZlkLqa

LTC Gear is also a good option http://ltcgear.com?apage=1201

And hash Profit has also a good ROI (Many people don't like them but until now I have great experience) --> https://hashprofit.com/en/registration/?hp=17300

[flyingplows]

about hashprofit.. in what strange way do they calculate their hashpower? the price is listed in kh/s and it is VERY high, like 1kh/s=0.46$...
there is something very wrong or i just dont understand smth... can you explain that a little bit

[fbarcelo]

about hashprofit.. in what strange way do they calculate their hashpower? the price is listed in kh/s and it is VERY high, like 1kh/s=0.46$...
there is something very wrong or i just dont understand smth... can you explain that a little bit

Sorry but I couldn't explain,  I have no relation with them and also note that point but at the end the only thing that I care is how much time takes to pay back the investment and if you check that they are great.

[xephyr]

Here are my latest updates about Hashprofit

Hash Profit becomes Golden Partner of St Petesburg Bitcoin Conference

They developed their own Altcoin based on one of the most moderns ASIC resistant protocols (X13) - ProfitCoin which is backed by their mining power (You could buy 1PFC=1K/hs)

If you want more information about  PFC https://hashprofit.com/en/profitcoin/

And here is my weekly production


time   type   amount   comment
14.11.2014 04:00   profit   0.00167088 BTC   Profit for 13.11.2014 with 236 Kh/s
13.11.2014 07:17   payout   -0.02138396 BTC   Payout to address 1L6WsGYYNocipGSeE52pAxCBFRFGCVbsDL f9f9d47b49fe1bc22a4e68cd109f803f71431763deb8a32ed9ade65721cce8b6
13.11.2014 04:00   profit   0.00167324 BTC   Profit for 12.11.2014 with 236 Kh/s
12.11.2014 04:00   profit   0.00169448 BTC   Profit for 11.11.2014 with 236 Kh/s
11.11.2014 04:00   profit   0.00168268 BTC   Profit for 10.11.2014 with 236 Kh/s
10.11.2014 04:00   profit   0.00167088 BTC   Profit for 09.11.2014 with 236 Kh/s
09.11.2014 04:00   profit   0.00165908 BTC   Profit for 08.11.2014 with 236 Kh/s
08.11.2014 04:00   profit   0.00165436 BTC   Profit for 07.11.2014 with 236 Kh/s
07.11.2014 04:00   profit   0.00163548 BTC   Profit for 06.11.2014 with 236 Kh/s


And this is my profit análisis since I've started with them

Average Daily production by KH 0,00000706
Production of the free week   0,00988322
Investment 0,30357000

30   Weeks projected balance   0,30637989
52   Weeks projected balance   0,52381078
104   Weeks projected balance (2 years contract) 1,03773833 341,84%

Conclusion
I took a ROI in 30 weeks
Notably, the production remains relatively stable Kh unlike BTC mining where dificulty jumps makes it fall significantly.
At the end of the contract (2 years counted here as 104 weeks) the projected return is 341.84%

If you want to test and found useful information, please do so using my referral link as a way of thanks.
https://hashprofit.com/en/registration/?hp=17300

HashProfit uses GPUs, not ASICS according to their FAQ:

"Why don't you use ASICs?

ASIC-miners have more profits, but it's much less stable since they're developed to work with only one algorithm. These profits could go deep down within one month. Videocards mining showing lesser profits, but much higher stability since algorithms and currencies to mine can be changed."

[GermanGiant]

LTCgear definetly the best at the moment.

I have been with GAW (290 primes), still have 437Mhash at Zeushash but the best Investment I have ever done is LTCgear by far.

I totally agree LTC is the only company I have managed to ROI with, I am also with GAW and have nearly 500 MHs with them but their vision and direction has now changed to mining Hashpoints to convert to a new coin that is in development via an ICO it's all up in the air now!

I am trying out Cloud Mining Website at the moment. They are offering 0.001 BTC/GHS, probably the lowest in the industry. Will let all of u know how it turns out.

They are paying out consistently... worth a try

[Syke]

ive been happy with PBMining, constant payouts, competitive prices, and 5 year contracts.. even though in a couple years your contract will be making chump change but its still something

check my sig  \/

How's that PBMining working out for you?

[flyingplows]

A lot has changed... With AMHash fiasco who can you even trust now...? There is basically no one left to trust.. Now if bit-x, hashnest, and genesis-mining goes out of business - thats it... then seems like its over at all with cloudmining.. Many others are just ponzies, resellers, speculators and so on

[robertgoss]

well even if you ever get a website whome you can trust for cloud mining now a days i dont think its worth it specially for bitcoin  any more

[SFMiner]

I recommend Genesis Mining and HashNest.

You can generate a decent profit with any of these companies, and they seem to be 100% legitimate.  Cloudminr.io is a possibility, but it's a high risk / high reward situation, so buyer beware. 

[flyingplows]

I recommend Genesis Mining and HashNest.

You can generate a decent profit with any of these companies, and they seem to be 100% legitimate.  Cloudminr.io is a possibility, but it's a high risk / high reward situation, so buyer beware. 

They might be legitimate (well, hashnest, I mean, for sure it's legit..), but I doubt you will roi soon enough (if at all..) with genesis-mining 
But with genesis you can mine various coins and trade them for profit if you are lucky 

[Snipe85]

They might be legitimate (well, hashnest, I mean, for sure it's legit..), but I doubt you will roi soon enough (if at all..) with genesis-mining 
But with genesis you can mine various coins and trade them for profit if you are lucky 

So in other words it's a good investment... "if you are lucky" Thanks but I'll pass.
Cloud mining operates on very small margins that can work in a stable economy, but this one is everything but stable.

[bigbitmine]

Not sure if it's classed as "cloud mining" but I use Nicehash.  Make a LOVELY profit.  Lately I've been running almost 2 PH with them.  Ching ching!!!

[bluudz]

Pbmining-stopped the payback after 2 months
ZenCloud-stoped mining after 5 months
Genesis Mining-Mining for about 5 months now, payback is decent. Only the Scrypt/Sha-256 hashrate transfer was quite unprofitable. Decent amount of altcoins available.
Eobot-Mining various altcoins seems nice, can't withdraw coins yet due paypal payment(6 months lock on withdraw), but so far I'm happy with them. Hard to understand what is scrypt mining good for as SHA-256 seem to be mining all the coins.

That's just my few words about cloud mining. Wouldn't see it as profit, but it can be fun.

[marcotheminer]

https://BIT-X.com : Hashrate provided by BitFury (https://bitcointalk.org/index.php?topic=896350.0)

[Rmcdermott927]

My biggest loss was ltcgear and biggest gain was genesis.

[flyingplows]

Well...
-got scammed by gaw, but managed to break even by selling paycoins at relatively high price to noobs, so no real loss here.
-genesis-mining stopped scrypt mining and offered pretty shitty conversion to sha (luckily I got not much).
-got scammed by amhash and I think this time I will be burned a bit, since their compensation plan is absolute shit (~25%).

Also these latest scammers were the most tricky, they got some people on their side here promoting them, telling how legit they are etc, so it was hard to spot they are gonna steal your money unless you knew these companies were in deep shit and nearly out of business, and I didn't knew that and I didn't care to research. And I paid for that.