So I tried buying a shared miner and results are surprising

[doubletheprof]

So a month ago, the site that I use for online mining introduced the possibility of shared ASIC. The idea is that you buy for example a 1/2 of an ASIC the other half is owned by another guy and you basically split the reward. In case the other half is not bought yet, circlehash owns the other hlaf. You basically split performance and profitability of the miner. You can also buy like a 1/100 of a miner.

Why I like this is that it enables people to start mining with literally any budget. You can also sell your shared piece of the asic to another user, that is mining on circlehash.

I bought 1/2 of BM-KS-Max with my friend that is also mining on circlehash, and after he mines enough to buy the other half, I'll sell it to him. I was really exited about that, so I had to let you guys know, that you do not have to buy KS 0 PRO if you have low budget, but on this site you can buy a shared performance of an ASIC, that has a next level of profitability. Basically you mine a lot more with the same budget lol.

I'am not mentioning the site's name because i was accused of promoting a company, which is not my reason for writing this at all. If anyone wants to know i can mention it in the comments

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[miner29]

If you are happy why do you need to promote this service?

Seems you are a paid shill still and still trying to steer people toward this service. 

I have lots of miners and you dont see me or anyone else who mines trying to get more people to mine at a specific company. 

That is what makes you a shill and not to be trusted.

If you understand mining at all you should understand why people question your absolute need to promote a specific company as you have been. 

Go away shill.

[doubletheprof]

If you are happy why do you need to promote this service?

Seems you are a paid shill still and still trying to steer people toward this service. 

I have lots of miners and you dont see me or anyone else who mines trying to get more people to mine at a specific company. 

That is what makes you a shill and not to be trusted.

If you understand mining at all you should understand why people question your absolute need to promote a specific company as you have been. 

Go away shill.

You probably live in your own small delulu bubble world, but i did not mention the company's name because of people like you lmao. Iam sure some other hostings offer this option too, but I just wanted people to know that there is possibility to mine with every budget

gl with your mining Iam sure that you have a lot of experiences with that

[FP91G]

I can only wish you luck with such prices for electricity in mining.

Understanding Electricity Costs
1. Basic Cost Structure
Electricity costs refer to the expenses incurred from the consumption of electrical power to run mining machines.
At CircleHash, we operate with a standard electricity cost of $0.2 per kilowatt-hour (kW/h).
https://www.circlehash.com/page/electricity-costs

[miner29]

If you are happy why do you need to promote this service?

Seems you are a paid shill still and still trying to steer people toward this service. 

I have lots of miners and you dont see me or anyone else who mines trying to get more people to mine at a specific company. 

That is what makes you a shill and not to be trusted.

If you understand mining at all you should understand why people question your absolute need to promote a specific company as you have been. 

Go away shill.

You probably live in your own small delulu bubble world, but i did not mention the company's name because of people like you lmao. Iam sure some other hostings offer this option too, but I just wanted people to know that there is possibility to mine with every budget

gl with your mining Iam sure that you have a lot of experiences with that

A lot more experience than you.  My power is less than 1/3 of yours…but as some keep pointing out here $0.20/kwh is crazy expensive.  Keep shilling.

[doubletheprof]

If you would be able to actually read, you would get to know the prices differ based on the hosting location you choose, in texas the electricity price is 0.065 USD per kWh, in Dubai it is 0.0575.

GL with your electricity cost tho lol 

[FP91G]

Global Presence, Local Expertise
With three state-of-the-art crypto production-ready data centers strategically located in Norway, South Europe (Macedonia), and Paraguay, we boast a combined total capacity of a staggering 1815 MW. This expansive global footprint is complemented by our local teams, ensuring seamless operations and support for miners worldwide.
https://www.circlehash.com/page/getting_started

I will make the assumption that the largest Russian company Bitriver does not have such energy consumption. The company now has approximately 1400MW.

Now one of the largest companies in the USA
https://www.riotplatforms.com/riot-announces-march-2024-production-and-operations-updates/

[Yamane_Keto]

Circlehash does not have a good reputation, so it cannot be trusted with real investment.
They may offer mining devices and give you profits, but there is no guarantee that they are doing real mining. Do you get mining pool data and the blocks that were actually mined, or do you get a circlehash balance and then withdraw it?

I will avoid Circlehash and will buy bitcoin or ask friend to buy miner than trust Circlehash
https://www.trustpilot.com/review/circlehash.com

[swogerino]

Circlehash does not have a good reputation, so it cannot be trusted with real investment.
They may offer mining devices and give you profits, but there is no guarantee that they are doing real mining. Do you get mining pool data and the blocks that were actually mined, or do you get a circlehash balance and then withdraw it?

I will avoid Circlehash and will buy bitcoin or ask friend to buy miner than trust Circlehash
https://www.trustpilot.com/review/circlehash.com

This is a great observation and we should bring back the memories of old time when Hashprofit and Hashocean did the same thing except that they cheated a huge amount of persons because at 2014-2016 time they were hitting hard on cloud mining and at that time it was not mining as popular as it is now.So anyone offering such services should be seen with at least the benefit of doubt for the simple reason,if someone makes money with a form they most likely are not willing to share their secret with everyone else for free,they would keep it to themselves and make money with it.I don't trust any cloud mining service,even the ones like Genesis and some others who allegedly had real mining hardware in Iceland  .

[doubletheprof]

Circlehash does not have a good reputation, so it cannot be trusted with real investment.
They may offer mining devices and give you profits, but there is no guarantee that they are doing real mining. Do you get mining pool data and the blocks that were actually mined, or do you get a circlehash balance and then withdraw it?

I will avoid Circlehash and will buy bitcoin or ask friend to buy miner than trust Circlehash
https://www.trustpilot.com/review/circlehash.com

Well i literally picked up the miner I ordered physically in their store in Prague, after that they installed it in one of their mining centers and they also provide videos of it on their social media, the thing that you can go and personally see your miner is the thing You also have the SN of your miner.