www.lunamine.com - 0.0025 BTC/GHs mining contracts | On-demand withdrawals

[lunamine]

I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is?  I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take?  I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that?  Thanks.

Edit:  I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.

Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%

Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent? 

You will break even if the average increase until you break even is less than 17.25%

Last increase was only 3% but this next will probably be around 17%.  (my guess)

difficulty increases have been averaging around 20-25% over the past several months with only the last one anywhere below that range. I haven't seen any other evidence of the rate difficulty increases will decrease

A week ago I calculated this years average difficulty increase and it was 18%. Anyway, we are almost ready to lower the maintenance fee to about $0.002 - $0.0025 per day per GH/s depending on a few variables. This should have a noticeably positive effect on ROI. These changes will also be effective for all contracts, regardless of date of purchase.

[Joca97]

@lunamine

question:do you have only big contracts not little as 1 ghs or do you only have big contracts that cost 0.25BTC and up ?

[jjc326]

I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is?  I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take?  I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that?  Thanks.

Edit:  I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.

Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%

Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent? 

You will break even if the average increase until you break even is less than 17.25%

Last increase was only 3% but this next will probably be around 17%.  (my guess)

difficulty increases have been averaging around 20-25% over the past several months with only the last one anywhere below that range. I haven't seen any other evidence of the rate difficulty increases will decrease

A week ago I calculated this years average difficulty increase and it was 18%. Anyway, we are almost ready to lower the maintenance fee to about $0.002 - $0.0025 per day per GH/s depending on a few variables. This should have a noticeably positive effect on ROI. These changes will also be effective for all contracts, regardless of date of purchase.

Wow you mean you're going to actually make people who already bought a contract pay less?  See that's the responsive and honest stuff you don't expect from a Bitcoin business.

To answer the previous poster, it looks like it's in 100 Gh/s increments.  So you can buy more than 1 contract at a time.  100 looks like the minimum.

[lunamine]

Yeah, starting from 100 GH/s for new customers.

[sandykho47]

Actually, i want to invest my BTC at lunamine.com
too bad i don't have much BTC. So i invest on other cloud mining

How about you release 10 GH/s at $17 or 25 GH/s at $41
i think it's useful for people like me

And what does Lifetime validity mean ? does that mean the contract is forever 

[lunamine]

And what does Lifetime validity mean ? does that mean the contract is forever 

No, contracts are run until they are no longer profitable meaning until mined bitcoins don't cover the electricity & maintenance costs ($0.0032 per GH/s a day).

[Didldak]

Meaning that contracts will "work" until we hit around 100B difficulty? or are you going to lower fee?

[lunamine]

It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously

We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.

[forensick]

i have for several days same number of mined btc, is there any trouble?

[infested999]

Meaning that contracts will "work" until we hit around 100B difficulty? or are you going to lower fee?

Important is that they run until they are no longer profitable (i.e. your income is 0)

[jjc326]

It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously

We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.

So you're saying when you buy a contract you can assume the fee will be lowered.  Is this a one time lowering of the fee or do you anticipate with advancements there could be multiple rounds of lowering the fee?

[Didldak]

Well logical thing is that they are anticipating better hardware - like spoondolines tech 6Th/s miner which drains only 2500W. Even S3 has pretty nice ratio about 0.9W/Gh/s, so as long as the fee reflects power consumption, it will get lowered

[lunamine]

i have for several days same number of mined btc, is there any trouble?

Let me know your account email here, in PM or by email. I will check this case to see why is that. There's no trouble and as far as I know - we have no other reports of such issue.

[lunamine]

It's hard to tell right now where it will stop because the maintenance & electricity fee will be lowered significantly. But yeah, it won't go forever obviously

We have been working on the new hardware for all the last week - there are still some slight cooling issues but the efficiency is remarkable. All payouts have been strong and it's good to hear that everyone seems happy with our services. We're trying as hard as we can for you guys.

So you're saying when you buy a contract you can assume the fee will be lowered.  Is this a one time lowering of the fee or do you anticipate with advancements there could be multiple rounds of lowering the fee?

That is both because of new hardware and a better deal on energy supply. Currently we are sitting at a very standard discount on electricity that most regular businesses get. However, our city Luleå supports data centers and all the tech businesses and we are in final talks of a higher discount. Close to that what Facebook's data center is getting (Facebook built their first data center in Europe in Luleå and currently they are building their third one in Europe, also in our city Luleå.

[crk]

i just sent you the BTCs to start a 100GHs contract.. lets see how this system works out .

minutes after i sent you the coins you decrease the cost of the contracts  

[kingscrown]

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

[lunamine]

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

Thanks!

Important to note that we mine until it is no longer profitable meaning until the mined coins don't cover the costs which are $0.0032. The costs are variable and will go down, so there is no set time when the mining stops - it can go quite long, depends on the technological advancements (efficiency of hardware we will acquire/develop in future).

[crk]

It  would be great if you post the actual mining hash rate somewhere in the website.. I'm about to buy another 100gh/s order but i should get a rebate because i paid $10 more in the 1st one xD

[kingscrown]

It  would be great if you post the actual mining hash rate somewhere in the website.. I'm about to buy another 100gh/s order but i should get a rebate because i paid $10 more in the 1st one xD

Balance: 0.00279610 BTC
Active hashrate: 100 GH/s

less than 48h of mining i think

[Muhammed Zakir]

I saw that you stopped 10 GHs trial for new persons. I know it is hard to pay them the BTC they get from 10 GHs but it was good for them to know how the site works. I kindly request you to make a demo account. So that you don't want to pay them though they can check the site. I hope you will look forward about it.
Kindly,
      MZ