Cheapest GH/S

[amprocket]

Can anyone beat .007 GH/s
[MOD EDIT: Referral link removed from body of post]

[amprocket]

I'm in Ireland btw, I'm paying 20cent a KWH 

[precrime3]

Can anyone beat .007 GH/s

per what? .007 gh/s per dollar? That's a pretty vague post, please clarify.

[amprocket]

Can anyone beat .007 GH/s

per what? .007 gh/s per dollar? That's a pretty vague post, please clarify.

It's pretty clear in fairness, it says .007 BTC/GH/s, that means .007 for 1 GH/s

This is a bitcoin forum btw, dollar  

[jleefly]

Get 1TH miner for under 7BTC which is little less than .007GH/s.
With electricity, it would be around 0.007GH/s plus whatever amount you sell your miner in future...

[Xyver]

PBMining is interesting...

I don't see how they can offer rates that cheap sustainable.

0.00645/gigahash is ~ $3.22 per gigahash.  1 gigahash takes ~0.88 watts (at best, but he's been running this since before Dragons and S2's were out, he's averaging above 1 watt/gigahash).  So say 1 watt/gigahash, to be nice.

1 watt, at 10 cents per kWh, will cost you $4.38 to run for 5 years... Plus rent, plus cooling (I'm assuming he's got a space somewhere running these machines, there's no way he can run 90 terahashes from a house.) means he's in the red on every transaction.  PLUS, he has to make his investment back, buying the miner, which again was at best ~3.50 a gigahash.

I just don't see it lasting more then a few months.

[ProtoAES256]

That is damn cheap!

[jleefly]

PBMining is interesting...

I don't see how they can offer rates that cheap sustainable.

0.00645/gigahash is ~ $3.22 per gigahash.  1 gigahash takes ~0.88 watts (at best, but he's been running this since before Dragons and S2's were out, he's averaging above 1 watt/gigahash).  So say 1 watt/gigahash, to be nice.

1 watt, at 10 cents per kWh, will cost you $4.38 to run for 5 years... Plus rent, plus cooling (I'm assuming he's got a space somewhere running these machines, there's no way he can run 90 terahashes from a house.) means he's in the red on every transaction.  PLUS, he has to make his investment back, buying the miner, which again was at best ~3.50 a gigahash.

I just don't see it lasting more then a few months.

I am an individual but i get miners at 0.006GH/s and industrial electricity is very cheap.
I can also get some money back by reselling used miners when switching to newer model and if Pbminer has some
bulk discount from factory or contract with supplier then I don't see this is impossible business model.

It's just that no details open like contact, physical address and etc. worries me to invest too much on them.
I've asked PBminer for which mining hardware they use, estimated ROI and few other questions but they replied with
insufficient answers but just general comment that no one can predict btc value...

[Maidak]

You can get some pretty cheap GHS but they wont start mining until may 26th on cex.io 0.00411999 which comes out to 1.907 on preev currently. I bought 4THS worth when BTC was in like $440s or so. Lets just hope coinbase doesn't cancel my buy order!

[jleefly]

You can get some pretty cheap GHS but they wont start mining until may 26th on cex.io 0.00411999 which comes out to 1.907 on preev currently. I bought 4THS worth when BTC was in like $440s or so. Lets just hope coinbase doesn't cancel my buy order!

Good stragety. I also bought some of CEX hash futures myself. hope the price doesn't drop fast as before.

[GhostPlayer]

How can Cex relocate their absurdly huge farm in China if PBOC bans banks from accepting BTC related companies?

  Strange this cex.io sale, very strange.

[Gate559]

How can Cex relocate their absurdly huge farm in China if PBOC bans banks from accepting BTC related companies?

  Strange this cex.io sale, very strange.

Why would they need to move the farm if PBOC bans banks from accepting BTC related companies ?

[jparsley]

Pbmining looks cheap. Though i have not started using them i dont know if they are legit

[precrime3]

Pbmining looks cheap. Though i have not started using them i dont know if they are legit

They seem to be. Just buy a gh/s or so and test it out yourself 

[ChuckBuck]

Pbmining looks cheap. Though i have not started using them i dont know if they are legit

Don't do it!  PBmining isn't even proven to have real mining equipment behind it like CEX.IO.  You'll never know when they'll just fold up and leave the industry.  Also, 5 years is longtime to be locked up without a sell option.

[precrime3]

Pbmining looks cheap. Though i have not started using them i dont know if they are legit

Don't do it!  PBmining isn't even proven to have real mining equipment behind it like CEX.IO.  You'll never know when they'll just fold up and leave the industry.  Also, 5 years is longtime to be locked up without a sell option.

FUD or no? Where can I verify this information?

[ChuckBuck]

Pbmining looks cheap. Though i have not started using them i dont know if they are legit

Don't do it!  PBmining isn't even proven to have real mining equipment behind it like CEX.IO.  You'll never know when they'll just fold up and leave the industry.  Also, 5 years is longtime to be locked up without a sell option.

FUD or no? Where can I verify this information?

Do they have proof of having actual mining equipment?  First question you should ask with any Cloud mining service.

At least CEX.IO can claim GHASH.IO as it's mining backbone and it's not out of the question.

5 years is also an excessive contract, without an out.

[Icon]

Well if you can hold off till end of month (25th) or wait for another month may 25, CEX is offering futures contracts that are 20% .008 now and  50% .004 in may per gh/s.

So my 460 gh/s i have now can be sold before the 25th of April and buy back ~ 620 gh/s for the same price and in may that 620 gh/s will turn into 1.2 th/s

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FYI

The futures contracts wont start mining for you till after the 25th of this month and the .004 wont start mining till after the 25th of may.

[fattypig]

Is it even worth buying if you found the cheapest GH/s? I am looking for one that can ROI ...

[Icon]

You will be able the generate some coins before mining has even started.
Check it out on CEX.IO

Ah don't believe that FMA will not start mining till April 26th meaning if you buy now it will just sit there till 26th of April.

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