My pool experience with cloud zenminer dot com

[philipma1957]

So this is the first day my miners mined a full day

my earnings

s3 --> 0.01354074 BTC

s3 --> 0.01294365 BTC

fury --> 0.00045513 BTC

altough the one s3 is mining lower then it promised, things are going even better then expected

good I posted my earnings for the last 2 days.

https://bitcointalk.org/index.php?topic=698679.msg7923839#msg7923839

so far I am hanging in there.  about 1500 usd in and about 400 usd back. The s-3's should do well.


  did you secure your withdrawal yet?  they have an option now that allows for a cell phone to be texted with a code in order to make a withdrawal.

i did what are the zen points for? EDIT: https://hashtalk.org/t/introducing-zenpoints/4490 they want you to keep your btc in your account to get zp pnts...hmmm...i don't see the point in that...and what are you able to spend the pnts on?

also this thread https://bitcointalk.org/index.php?topic=730796.msg8258945#msg8258945 for updates

Right now I am waiting and watching.

I am almost at 5th  with 8 s-3s and 1 dragon

I am at 88mh with 11 gridseed blades and my zen scrypt miners.
time to mine for about a week no purchases for now.


And they listed gridseed blades for 99 bucks a piece on oneminer.com and I cracked grabbed 4 of them.

will post 2 days earnings sometime tonight.

[judypug1956]

will you leave your btc in the zen cloud account to earn zen points?

seems like a good deal.

[philipma1957]

will you leave your btc in the zen cloud account to earn zen points?

seems like a good deal.

No I am afraid of a hack.  when my money stays in the zen cloud earnings account it is subject to theft.  I had .39 btc stolen from me last year BIPS grabbed it when it was worth 1100 usd a coin.

the zen points earned are only  5 ot 6 percent not worth it to me.

[Marvell1]

Thanks a lot for this thread

I was worried about buying any new scrypt machines myself I put all my GPU's on sale 18 r9 290s on ebay cheap prices so I plan to pull in about 4k and use that to puchase 3 hosted ZeusMiner lighting x-6s that would cost me around 2400 after tax. and give me a hash rate of 120MHZ or so.  Hosting would be $2.40x3  a bit  less than the 13 cents i pay out here.

with the rest of my cash I might buy an s3 or two like you did to balance out my earnings depending on what next weeks diff increas looks like.

Edit : I looked at the batch 2 updated prices and power consumption of the Vaultbreakers and its not even close.  375MH for 1000 Watts is insane asuming they deliver.

Any thoughts ?

[philipma1957]

Thanks a lot for this thread

I was worried about buying any new scrypt machines myself I put all my GPU's on sale 18 r9 290s on ebay cheap prices so I plan to pull in about 4k and use that to puchase 3 hosted ZeusMiner lighting x-6s that would cost me around 2400 after tax. and give me a hash rate of 120MHZ or so.  Hosting would be $2.40x3  a bit  less than the 13 cents i pay out here.

with the rest of my cash I might buy an s3 or two like you did to balance out my earnings depending on what next weeks diff increas looks like.

Edit : I looked at the batch 2 updated prices and power consumption of the Vaultbreakers and its not even close.  375MH for 1000 Watts is insane asuming they deliver.

Any thoughts ?

you are welcome. 

 the vaultbreaker is nuts if it works.   

I am a bit afraid to buy much right now. The scrpyt world is due for major changes.

now the zeus was no where near the predicted power numbers it gave.
the sp30 was no where near what is said it would be.


my guess is the VB does 300mh at 1500 watts

but my  11 gridseed blades  do 55mh at 900 watts

so the vb  will do 5-7x the hash at 1.5 times the power

makes me think alt coins are going all over the place in the next 60-90 days.

[kcheel]

will you leave your btc in the zen cloud account to earn zen points?

seems like a good deal.

No I am afraid of a hack.  when my money stays in the zen cloud earnings account it is subject to theft.  I had .39 btc stolen from me last year BIPS grabbed it when it was worth 1100 usd a coin.

the zen points earned are only  5 ot 6 percent not worth it to me.

Zen points actually work out to 11% APR now.

[philipma1957]

will you leave your btc in the zen cloud account to earn zen points?

seems like a good deal.

No I am afraid of a hack.  when my money stays in the zen cloud earnings account it is subject to theft.  I had .39 btc stolen from me last year BIPS grabbed it when it was worth 1100 usd a coin.

the zen points earned are only  5 ot 6 percent not worth it to me.

Zen points actually work out to 11% APR now.

well it could be worth the risk of a hack maybe 11% is high enough. unlike my miners on zen which are cc purchased and have cc rights in case of a disaster .  letting them hold my coin make me completely  open to a major hack.

I am earning .04 btc a day  so in 10 days I have .4btc at risk.   I will have to think about what I want to do.
For now I will try earning back some coin. and not spending coin.

[judypug1956]

Phil What do you think about the price drop of LTC?

[philipma1957]

Phil What do you think about the price drop of LTC?

I have decided to buy into LTC.  I have taken my last 3 zen payouts and each time I got one I purchased ltc with it.

Basically if LTC crashes It is a good chance to get some coins cheaply.

my last 3 payouts were

.03940361 btc
.04620274
.03956964

all converted to ltc.

[Honeycutt22]

Phil What do you think about the price drop of LTC?

I have decided to buy into LTC.  I have taken my last 3 zen payouts and each time I got one I purchased ltc with it.

Basically if LTC crashes It is a good chance to get some coins cheaply.

my last 3 payouts were

.03940361 btc
.04620274
.03956964

all converted to ltc.

Didn't the price of LTC already kinda crash? I've just been reading forums, haven't actually followed the stats...

[philipma1957]

Phil What do you think about the price drop of LTC?

I have decided to buy into LTC.  I have taken my last 3 zen payouts and each time I got one I purchased ltc with it.

Basically if LTC crashes It is a good chance to get some coins cheaply.

my last 3 payouts were

.03940361 btc
.04620274
.03956964

all converted to ltc.

Didn't the price of LTC already kinda crash? I've just been reading forums, haven't actually followed the stats...

crash is relative.  yes  it had a huge drop or crash.  it is now undergoing a second crash.

under 5 bucks

https://bitcoinwisdom.com/markets/btce/ltcusd

if there is no bottom and it goes to 2 or 3 dollars scrypt coins could die off

I have a lot of btc gear ,but this low price for ltc  means death of scrypt or a big chance to make money.

So for me to keep ltc just makes sense.

[Honeycutt22]

Phil What do you think about the price drop of LTC?

I have decided to buy into LTC.  I have taken my last 3 zen payouts and each time I got one I purchased ltc with it.

Basically if LTC crashes It is a good chance to get some coins cheaply.

my last 3 payouts were

.03940361 btc
.04620274
.03956964

all converted to ltc.

Didn't the price of LTC already kinda crash? I've just been reading forums, haven't actually followed the stats...

crash is relative.  yes  it had a huge drop or crash.  it is now undergoing a second crash.

under 5 bucks

https://bitcoinwisdom.com/markets/btce/ltcusd

if there is no bottom and it goes to 2 or 3 dollars scrypt coins could die off

I have a lot of btc gear ,but this low price for ltc  means death of scrypt or a big chance to make money.

So for me to keep ltc just makes sense.

Nice graph... From looking at it people don't consider it a good time to buy right now. There are no major purchases and still a lot of sales.. I think... the red line indicates sales? green is purchases, right?

If that's the case looks like people have either given up or are waiting for further devaluation.

Also - The graph has a unique recurring theme... LTC gradually declines, then spikes and repeats the cycle... But, each time the decline is greater than the one before and the spike is less than the previous.

[philipma1957]

Phil What do you think about the price drop of LTC?

I have decided to buy into LTC.  I have taken my last 3 zen payouts and each time I got one I purchased ltc with it.

Basically if LTC crashes It is a good chance to get some coins cheaply.

my last 3 payouts were

.03940361 btc
.04620274
.03956964

all converted to ltc.

Didn't the price of LTC already kinda crash? I've just been reading forums, haven't actually followed the stats...

crash is relative.  yes  it had a huge drop or crash.  it is now undergoing a second crash.

under 5 bucks

https://bitcoinwisdom.com/markets/btce/ltcusd

if there is no bottom and it goes to 2 or 3 dollars scrypt coins could die off

I have a lot of btc gear ,but this low price for ltc  means death of scrypt or a big chance to make money.

So for me to keep ltc just makes sense.

Nice graph... From looking at it people don't consider it a good time to buy right now. There are no major purchases and still a lot of sales.. I think... the red line indicates sales? green is purchases, right?

If that's the case looks like people have either given up or are waiting for further devaluation.

Also - The graph has a unique recurring theme... LTC gradually declines, then spikes and repeats the cycle... But, each time the decline is greater than the one before and the spike is less than the previous.

Yeah I have to look at it like this.  If it crashes and never comes back I am out 2-3k in gear.  So if I buy 100 ltc at 5 usd and it comes back to  15 or 16 usd I did okay.

  If it crashes more  I lose say 3500  vs 3000.

[Marvell1]

I pulled the trigger on the current oneminer deal for the $699 Zeusminer x-6 lighting

i might buy another today if my GPUs sell today on ebay.

[philipma1957]

The hardware won't go to waste, there will always be coins to mine you'll just have to adapt.
Right now LTC is just one of many altcoins and doesn't draw as much attention as it used to.

yeah you could be correct.

[iluvbitcoins]

do you think scrypt miners could be more profitable then sha256 because there will be more profitable scrypt coins popping out?

[philipma1957]

do you think scrypt miners could be more profitable then sha256 because there will be more profitable scrypt coins popping out?

Not enough to buy more scrypt miners.  I am holding on to the 70mh in gridseeds and 32 mh on zen cloud  .  Hoping for a shift in my favor of some kind.

[chaos31]

Hi,

thank you for the thread. It helped a lot to make a informed decision.
I invested some money in two miners s3 and zeusx6 hosted at zencloud.


What would be the best strategy nowadays? If i see it correct its better to buy another scrypt miner
and collect btc until they hit 2k$ or more per coin 

Mining btc and selling seems to be not profitable anymore. Investing into scrypt seems to be better imho?

Dont know if i should add another zeusx6 or s3 in the near future...

Mike

[philipma1957]

Right now my strategy is don't panic about the current price drops.

 I also purchased some coins. Will monitor market closely. Only buy really good deals.

[chaos31]

Right now my strategy is don't panic about the current price drops.

 I also purchased some coins. Will monitor market closely. Only buy really good deals.

Thanks for answer. Bitcoins are limited so i hope we see increasing value in the future. Thats what i am speculating on.
I would buy a second scrypt miner because i think that with the increasing difficulty its better to pump and dump new coins
with those multipools. Or did i miss something here?

right now
x6 - 0.01523410
s3 - 0.01136633

estimated on nicehash