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Bitsaurus
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July 15, 2014, 05:00:58 AM |
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Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.
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magiccoins
Newbie
 Offline
Activity: 23
Merit: 0
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July 15, 2014, 06:43:19 AM |
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Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.
Well that may be true, I'm not a professional nicer and i can tel you that i won't know what to do with my equipment if i had it deliver to me. but i can tel you that i did make money on my contract on nimbus they where the only one who did not have more fees after you paid for your basing and they let you chose you're pool ! any way my experience was positive and i can only recommend them. |
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Bitsaurus
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July 15, 2014, 09:23:39 AM |
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Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.
Well that may be true, I'm not a professional nicer and i can tel you that i won't know what to do with my equipment if i had it deliver to me. but i can tel you that i did make money on my contract on nimbus they where the only one who did not have more fees after you paid for your basing and they let you chose you're pool ! any way my experience was positive and i can only recommend them. If you picked a pool that was mining a fresh pump and dump coin and you managed to sell the coin quickly you could make a profit I guess, but that is not something 95% of people could reproduce. |
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Muhammed Zakir
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July 15, 2014, 09:43:46 AM |
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Cloud mining actually encourages centralization. If gives the cloud mining company are larger presence and the "gift" of your purchase allows them to either build or buy their own private farm which they make a profit off of and then "offer" to you 3 months after they made their share. Rinse & repeat.
+1 You are right. Most of the company now support cloud mining as it is a big business and can get a decent profit sometimes more. For example, if you buy 1 GHs. You will get ~1/12 of the BTC you send every month. In annually, you will only get the BTC you spent with a small amount of BTC, say 0.001 . There is no profit at all, when we convert it into USD. Instead of doing that you can mine at home or trade BTC. If you are good in trading, you will atleast get $10 as profit. A simple way in trading is buy 1 BTC when the USD/ BTC price is low( >550$ ) and you can sell it when it reaches atleast $600. Now you got $50 profit. It is a simple way. Remember, sometimes you have to wait for a few months to see the increase in USD/ BTC price but when comparing it to cloud mining, trading is more better. Kindly, MZ |
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RAVENCROW
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September 03, 2014, 01:02:52 AM |
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dont buy nimbusmining i have three contracts with them and none of them are mining I have contacted there support(more than once) and haven't gotten a reply .. be weary!  |
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Muhammed Zakir
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September 03, 2014, 12:27:45 PM |
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dont buy nimbusmining i have three contracts with them and none of them are mining I have contacted there support(more than once) and haven't gotten a reply .. be weary! That's really bad. They had nice reputation. So why did you bought three of them, if atleast one of them isn't mining?(No offence)  How many GHs you bought? ~~MZ~~ |
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MWNinja
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September 03, 2014, 07:27:33 PM |
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15 overclocked S3's are currently available to rent on the NinjaCloud. Rent is all-inclusive of power, management, internet everything. No further fees apply.
Prices:
1 Day .01033 btc
1 Week .06795 btc
2 Weeks .14175 btc
1 Months .27869 btc
6 Months 1.465 btc
You choose the pools, and we never touch your bitcoin earnings. Please PM for an invite as the project is in closed beta. We have a great uptime record, being hosted in an N+2 redundant facility.
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cloverme
Legendary
Offline
Activity: 1512
Merit: 1054
SpacePirate.io
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September 03, 2014, 07:47:56 PM |
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15 overclocked S3's are currently available to rent on the NinjaCloud. Rent is all-inclusive of power, management, internet everything. No further fees apply.
Prices:
1 Day .01033 btc
1 Week .06795 btc
2 Weeks .14175 btc
1 Months .27869 btc
6 Months 1.465 btc
You choose the pools, and we never touch your bitcoin earnings. Please PM for an invite as the project is in closed beta. We have a great uptime record, being hosted in an N+2 redundant facility.
Difficulty went up on 8/31 another 15%, and on 8/21 up 20%... An overclocked S3 (~480) only makes 0.01 to start with, if you mine bitcoin. I suppose you could mine some altcoin and make more (?). |
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MWNinja
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September 03, 2014, 08:39:55 PM |
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We're priced slightly below the expected returns during the beta period to encourage users to test/break the site. Nicehash is paying .0217btc per TH/day right now, so you could theoretically make a small profit there, or your pool could get lucky and you could see great returns for the day. The best value of course is on a 6 month lease.
Or maybe you have some bitcoin you don't like (for whatever reason) and want to get some new fresh mined bitcoin in return. What better way than to mine some in the cloud?
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dmz241
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September 10, 2014, 05:37:44 AM |
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Hello,
I love the idea of mining but I don't have the space in my house to host a mining hardware. I was thinking about playing around with cloud mining but I would like to use something where I can point my cloud hashing power anywhere I want.
Is there anything like that on the market?
Well you can check my signature for gawminers. While they are not allowing anywhere you can buy hashlets for zenpool nicehash waffle clever multipool ghash btcguild. But the problem is that you will have to buy each hashlet at different price. I believe the hashlet prime can mine at any pool other then sha256 while the genesis miner can mine on all 4 sha256 pools. The problem I find is that they convert all your coins to btc. I wish I could just keep a few coins. For this I have found crypto coin trade the best you can check my signature for that also. Recently they were giving 5khash of scrypt mining for free for 10days for you to try out but they are in beta and have alot of bugs so they stopped that for the time being. You can buy ghs, scrypt khash and x11 khash from them directly via your coins or paypal whichever one you prefer. But they dont allow different pools they mine at their own selected pools and you can switch off the manual trades to keep your coins and trade them when you please. |
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urbanBTC
Newbie
Offline
Activity: 36
Merit: 0
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September 11, 2014, 01:15:40 AM |
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We're priced slightly below the expected returns during the beta period to encourage users to test/break the site. Nicehash is paying .0217btc per TH/day right now, so you could theoretically make a small profit there, or your pool could get lucky and you could see great returns for the day. The best value of course is on a 6 month lease.
Or maybe you have some bitcoin you don't like (for whatever reason) and want to get some new fresh mined bitcoin in return. What better way than to mine some in the cloud?
Watchs out for these ninjas they make sounds like yous own when launched! Now they fails at selling many! Stills waiting for contracts showing you haves anything from Bitmain backing you besides what other big buyers get! Ninjas! |
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homm88
Member
Offline
Activity: 70
Merit: 10
BTC/Doge
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September 11, 2014, 05:26:13 AM |
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For anybody who want proof to view how desperate these firms are, they literally pay website visitors to come onto these boards and post spam supporting them. Here are users I among others have defined as shill posters. Click on the account and look at their post history. If 1/2 their posts are promoting a firm they are paid shills more than likely.
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
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September 16, 2014, 01:29:02 PM |
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The question would be, If you had say 30 cloud mining companies competing for blocks, they surely not centralizing the protocol.
It's when you have 1 company dominating, when centralization happens.
I'd rather have 30 different companies running a stable "mining" outfit, than having 300 solo miners with "unstable" rigs. For me it's stabillity and efficiency and increased transaction confirmation that counts.
That said, if we only have 2 or 3 huge companies running the show, it increase the risk of the protocol failing it's primary objective.
But that is just my opinion, you will still have both mayor players and solo miners, to support "mining" even if some are only in the game for experimentation.
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turncoat_ewok
Newbie
Offline
Activity: 42
Merit: 0
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September 17, 2014, 11:17:24 AM |
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I have heard that cloud mining is not profitable. Is it possible to make money with cloud mining?
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dmz241
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September 18, 2014, 05:08:55 AM |
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I have heard that cloud mining is not profitable. Is it possible to make money with cloud mining?
I guess it depends on which company we are talking about. I would look at many turstable ones and see how much they payout. I have been happy with crypto cointrade and gaw to be honest not sure about others. There is a new site that popped up in Russia I did invest very little in it to see how they pay. |
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chalidore
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September 18, 2014, 09:49:20 AM |
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some cloud mining allowed about it and i use it with my cgminer  I disagree they have a lot of hidden fees ! go see https://www.nimbusmining.com i have been using them since April i can chose my pool and they have no HIDDEN FEES. No one mentioned how overpriced their GHS is, it's waste of money to deal with any of those companies. BTW you can use nicehash, you will get ghs lot cheaper and you can point it wherever you want |
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coindetective
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September 20, 2014, 05:21:01 PM |
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Genesis Mining let you choose what coin to mine. Regarding pool, I am not sure.
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nicehash
Legendary
Offline
Activity: 885
Merit: 1006
NiceHash.com
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September 20, 2014, 07:43:33 PM |
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If you want to use any pool (especially if you are going to mine altcoins) I really welcome you to try NiceHash.com, it's easy to use and you wont risk much - pay-as-you-go, no contracts  |
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cryptost
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September 23, 2014, 10:26:21 PM |
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Hello,
I love the idea of mining but I don't have the space in my house to host a mining hardware. I was thinking about playing around with cloud mining but I would like to use something where I can point my cloud hashing power anywhere I want.
Is there anything like that on the market?
Not with GAW, I think Genesis allow some pools but not custom, LTC Gear allow a few too. Generally you are buying shares when you buy cloud mining not a physical unit, so it's important to work out ROI based on investment, hash and difficulty raises. Currently the best is LTCGear, but GAW also has good potential. |
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