[ANN] .0014 BTC per GH/s - 12 month contract **www.BitcoinCloudServices.com**

[Racey]

All is well. Payout punctual and on schedule as usual.

My oldest contract

Oct. 25, 2014

100 GH/s

paid 0.144 BTC

mined so far 0.11586325 BTC

Your about £3.00 up in a matter of weeks.. nice
Or is that the other way around.. math is not my forte

[dog1965]

400 GH/s = 0.7200 BTC = 163 USD

that will make you 32 per month at the current DIFF bitcoin value Rate not factoring that in.

It will take you 5 Months to ROI on your investment which I fell is a big rip off scam !!!!

USD only

[fryarminer]

400 GH/s = 0.7200 BTC = 163 USD

that will make you 32 per month at the current DIFF bitcoin value Rate not factoring that in.

It will take you 5 Months to ROI on your investment which I fell is a big rip off scam !!!!

USD only

According to your calculations (which I presume you have done) if you were to buy your own hardware, pay your own electricity and mine in the pool of your choice, how soon will you ROI?

[dog1965]

400 GH/s = 0.7200 BTC = 163 USD

that will make you 32 per month at the current DIFF bitcoin value Rate not factoring that in.

It will take you 5 Months to ROI on your investment which I fell is a big rip off scam !!!!

USD only

According to your calculations (which I presume you have done) if you were to buy your own hardware, pay your own electricity and mine in the pool of your choice, how soon will you ROI?

I don't pay for electricity I get it free and Have three antminer S5 running at 1200 GH/s that's 3.6 TH/s at default speed NO OC. And Don't have to pay to renew every 12 months! I still think its a scam!

[thevictimofuktyranny]

400 GH/s = 0.7200 BTC = 163 USD

that will make you 32 per month at the current DIFF bitcoin value Rate not factoring that in.

It will take you 5 Months to ROI on your investment which I fell is a big rip off scam !!!!

USD only

According to your calculations (which I presume you have done) if you were to buy your own hardware, pay your own electricity and mine in the pool of your choice, how soon will you ROI?

I don't pay for electricity I get it free and Have three antminer S5 running at 1200 GH/s that's 3.6 TH/s at default speed NO OC. And Don't have to pay to renew every 12 months! I still think its a scam!

Any cloudming service is clearly not for you

It is for people living in Europe, were electricity cost 17-21 cents per watt

If you're getting your electricity free, cloudminings selling points are not relevant to you

Don't post on a thread that is irrelevant to you, especially when most people reading the thread will not agree with you as they're not getting free electricity

[fryarminer]

400 GH/s = 0.7200 BTC = 163 USD

that will make you 32 per month at the current DIFF bitcoin value Rate not factoring that in.

It will take you 5 Months to ROI on your investment which I fell is a big rip off scam !!!!

USD only

According to your calculations (which I presume you have done) if you were to buy your own hardware, pay your own electricity and mine in the pool of your choice, how soon will you ROI?

I don't pay for electricity I get it free and Have three antminer S5 running at 1200 GH/s that's 3.6 TH/s at default speed NO OC. And Don't have to pay to renew every 12 months! I still think its a scam!

Free electricity is awesome! Good luck dude! But yeah, some (most) people don't have that privilege. I personally don't have the living condition at this time to even run a miner - so cloud mining is the only way I can operate. I lucked out getting a contract when they we still offering 5 year contacts, so I think I got the best option that there can be for cloud mining. That will hold me over until my living conditions change and I can mine again.

So the short answer, is no, it is not a scam. For some people it happens to be the only option out there.

[Mabsark]

I lucked out getting a contract when they we still offering 5 year contacts, so I think I got the best option that there can be for cloud mining. That will hold me over until my living conditions change and I can mine again.

Unless this company has free electricity (which it obviously does not) then no miner in existence will last 5 years, you'd be very lucky if the most efficient current gen miners are profitable for another 6 months, never mind 5 years.

5 years contracts are a blatant lie, and only scammers have advertised such nonsense. Your contract will end this year - one way or another.

[fryarminer]

I lucked out getting a contract when they we still offering 5 year contacts, so I think I got the best option that there can be for cloud mining. That will hold me over until my living conditions change and I can mine again.

Unless this company has free electricity (which it obviously does not) then no miner in existence will last 5 years, you'd be very lucky if the most efficient current gen miners are profitable for another 6 months, never mind 5 years.

5 years contracts are a blatant lie, and only scammers have advertised such nonsense. Your contract will end this year - one way or another.

Well let's see. As long as I get my ROI I'm counting the rest as gravy, so let's see.

[thevictimofuktyranny]

Price may around this level all of 2015 and only the block halving in 2016 will cause it to increase 

Looking at the network hashpower, it looks like all the 1watt and 1.2watt mining equipment (some may be farms) is still functional, even when it is not switched on for mining 

Whenever, the BTC prices goes above $220 these farms and equipment are switched on - mine some BTC and immediately convert it into Fiat Currency, which causes the price to head back downwards below $219.

Therefore, their is still 362PTHs network hashpower, but it is only switched off when BTC is a below certain price benchmarks.

Around 362PTHs around $245 plus
Around 310 PTHs around $220 plus
Around 250 PTHs around $200 plus

Consequently, network difficulty will have to be held around 41500000000 right up to the block halving in mid 2016 

Obviously, when the block reward is halved mid 2016, the 1watt and 1.2watt mining equipment will need BTC price of $400 before being switched on, so price will definitely climb alot   

[fryarminer]

Price may around this level all of 2015 and only the block halving in 2016 will cause it to increase 

Looking at the network hashpower, it looks like all the 1watt and 1.2watt mining equipment (some may be farms) is still functional, even when it is not switched on for mining 

Whenever, the BTC prices goes above $220 these farms and equipment are switched on - mine some BTC and immediately convert it into Fiat Currency, which causes the price to head back downwards below $219.

Therefore, their is still 362PTHs network hashpower, but it is only switched off when BTC is a below certain price benchmarks.

Around 362PTHs around $245 plus
Around 310 PTHs around $220 plus
Around 250 PTHs around $200 plus

Consequently, network difficulty will have to be held around 41500000000 right up to the block halving in mid 2016 

Obviously, when the block reward is halved mid 2016, the 1watt and 1.2watt mining equipment will need BTC price of $400 before being switched on, so price will definitely climb alot   

Interesting observation. It is definitely what we have been seeing the past few months, however you were able to put it into words.

[ErikvanBreen]

Selling my 20 Thash account if anyone is interested: https://bitcointalk.org/index.php?topic=947294.0

I bought it cheap when the BTC value crashed at 14th of January, looking to sell it cheap to get out with a fast profit 

[Monopoly]

Trusted ?

[eestimees]

Trusted ?

for me running smoothly since nov'14, payouts everyday on time.

[waitandsee]

are bitcoinclodumining will be disable if price still drop more and more?? i want to buy some ghs but i see more cloudmining disable in this moment   

[picolo]

Trusted ?

for me running smoothly since nov'14, payouts everyday on time.

I find the price expensive but it is good that they have been paying since November or it would close

[hiddensphinx]

anyone got payments for last 2 days

[dsyahputera]

anyone got payments for last 2 days

I got it, every morning

[btccloudservices]

anyone got payments for last 2 days

We haven't missed a single payout since we starting operating less than a year ago.

https://blockchain.info/address/1BTCPayb5AdF8fSsR7oews2PpuVpRtamk6

If you think that you are missing a payout please read

https://support.bitcoincloudservices.com/hc/en-us/articles/203566180-My-address-was-skipped-in-today-s-payout-why-

[Ritch]

Dear BCS-Team

Thank you very much for your fast support to switch my BTC-adress away from CEX.IO. (user: Negromonga)  

@all: My first investment was in the beginning of July 2014, my second was in October. I got allready a good ROI and there was no single day without returns.
So what's the probleme of people who say "it's Scam"? I don't know their problems, because I never had any problemes with BCS.

best regards,
ritch (<- not a refferer, nor supporter, but investor)

[Mabsark]

A "cloud mining service" that refuses to provide proof that it has the hashing power it claims to have is no more of a cloud mining service than Bitcoin Difficulty Derivative (BDD). Also, no miner has ever stood a chance of being able to mine profitably for 5 years, therefore 5 year contracts are a sure sign of a scam. In fact, I'd call 5 years contracts a scam in their own right.

Instead of asking why people think that a "company" that refuses to provide evidence of its legitimacy and makes incredible claims (5 years contracts) is a scam, it makes far more sense to ask why people would send their money to such a "company" at all.