list / cheapest places to buy cloud mining

[jonnybravo0311]

Yes kinda. But I want to own the ghz and not rent it

So you want to trade in your miners for credit on cloud mining? Depending on how many you have, I might take you up on that offer.

I would want to point my rigs at any pool I want though...

What you are describing is co-locating hardware that you own, not purchasing cloud mining.  A number of vendors provide this type of service.  For example, GAWMiners partners with ZenMiners to provide collocation of purchased hardware (both scrypt and SHA-256).  There's also the traditional method of finding a data center and having them host for you.  An example of this is Advania in Iceland.  They host your hardware at 90 Euros per month per kilowatt.  An SP30 hosted there would cost about 270 Euros a month.

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[beelu]

I have started a 440 GH/S 12 mth cloud contract with https://www.nimbusmining.com/ since july 2014 for the purpose of manufactured spending on my credit card.

They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool

So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.

[jonnybravo0311]

I have started a 440 GH/S 12 mth cloud contract with https://www.nimbusmining.com/ since july 2014 for the purpose of manufactured spending on my credit card.

They allow you to switch to different pools, and I am currently pointing the hash power to Slush pool

So far so good, Slush pool reported the actual hash power in their pool (actually at or around 440 GH/S most of the time) and I got my payout to my wallet.
So I believe they are actually operating but even at the rate of their gold contract you will never achieve ROI unless you buy in extremely huge quantity with additional discount.

So there actually is a cloud mining provider that allows you to use whatever pool you want.  Their recommendation of using eclipse is just awful, though.  They state, "a reasonable 5% fee".  Who are they kidding?  5%?  Thanks, but no.  Also, the prices they are charging guarantee you'll never see profit.  5TH/s is $27,650.  Yikes.  That's just plain highway robbery and further proves my point that cloud mining exists to make the service provider the profit, not you.  What were you thinking paying that kind of price (500GH/s for $2750)  One single Antminer S3 can get your 500GH/s and costs you about $400.  Add in a PSU for another $100.  Unless you're paying $0.75 per kWh there's no way you're spending $2250 a year in electricity costs to make up the difference this company is charging.

[DrG]

I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases.  The only person benefiting from this is the mining company.

[philipma1957]

I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases.  The only person benefiting from this is the mining company.

which is why if you are looking for a cloud deal ----- you own the gear----

 gawminers.com


is the best  especially true if you are paying more then 11 cents a kwatt.  no one beats what they offer.  for scrypt or  btc

order with a cc
hashing within a day
free use of a psu
and about 10 cents a kwatt to mine your gear..  

first month of hosting is free.  and you can have the gear shipped back to you after the free hosting ends.

 

[jonnybravo0311]

I hope people realize when they buy cloud mining they are inherently giving profits to a mining company up front, and the mining company will use that money to buy more hash which will compete with the user's own purchases.  The only person benefiting from this is the mining company.

which is why if you are looking for a cloud deal ----- you own the gear----

 gawminers.com


is the best  especially true if you are paying more then 11 cents a kwatt.  no one beats what they offer.  for scrypt or  btc

order with a cc
hashing within a day
free use of a psu
and about 10 cents a kwatt to mine your gear..  

first month of hosting is free.  and you can have the gear shipped back to you after the free hosting ends.

 

Yeah Josh offers a really decent package but what he offers is more akin to co-location than cloud mining.  You actually purchase and own the rigs.

[alwinlinzee]

PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.

[jonnybravo0311]

PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.

Oh good... another shill account promoting the wonders of pbmining.  Here's something for you to consider: PBMining is a nothing more than a Ponzi scheme.  They have not proven they actually mine anything at all.  Payouts are exactly "expected" earnings.  Payouts are sent through mixing services.

[l3sny]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

[bitgeek]

PBmining is a good start it's cheap and at no charge.Buy from there and experience quality like i did.

Oh good... another shill account promoting the wonders of pbmining.  Here's something for you to consider: PBMining is a nothing more than a Ponzi scheme.  They have not proven they actually mine anything at all.  Payouts are exactly "expected" earnings.  Payouts are sent through mixing services.

Exactly my thoughts.
PB mining lacks transparency, if you lose the money you won't even know in what country to look.

[Bitsaurus]

Before people invest into cloudmining they should research:
-Pirate@40
-Hashking
-Zhoutong
-GLBSE
-TradeFortress
-MtGox collapse
-bASIC, Hashfast, BFL

None of these lovely people have gone to jail for their lovely thefts and scams.  If your cloudmining company runs off with you 10BTC contract who is going to get your money back for you?

[Reclaim3r]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"

[zhinkk]

I think you could just do this right here on bitcointalk. If you want to sell your jalapenos hashpower for BTC just make a thread.

[jkrueger]

Have a look at http://cryptoverse.org/cloudmining/ for a list of cloud mining providers.

[l3sny]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"

-verifable proof? What kind of proof would satisfy you?
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier Now there are much better opportunities of hosting  cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.

Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...

Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.

Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.

I am happy to respond to any queries.

The official thread:
https://bitcointalk.org/index.php?topic=732733.msg8281507#msg8281507

[jonnybravo0311]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"

-verifable proof? What kind of proof would satisfy you?
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier Now there are much better opportunities of hosting  cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.

Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...

Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.

Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.

I am happy to respond to any queries.

The official thread:
https://bitcointalk.org/index.php?topic=732733.msg8281507#msg8281507

A good start for proof:
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining.  For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver.  Well... show me the money.  Show me this stockpile of silver you have.  Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates.  You list in PLN - does this fee change as the value of PLN changes?  Also, you list a formula for calculating fees that includes "average price per block".  What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment.  You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud  mining provider out there that has come out and said you actually want to make money, too.

[LtPaxIV]

did u look at https://www.nicehash.com/index.jsp and https://www.miningrigrentals.com/ ?

they both provide mining at ur own pool.i tested both with renting/mining and everything was ok so far

[Reclaim3r]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"

-verifable proof? What kind of proof would satisfy you?
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier Now there are much better opportunities of hosting  cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.

Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...

Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.

Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.

I am happy to respond to any queries.

The official thread:
https://bitcointalk.org/index.php?topic=732733.msg8281507#msg8281507

A good start for proof:
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining.  For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver.  Well... show me the money.  Show me this stockpile of silver you have.  Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates.  You list in PLN - does this fee change as the value of PLN changes?  Also, you list a formula for calculating fees that includes "average price per block".  What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment.  You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud  mining provider out there that has come out and said you actually want to make money, too.

I agree with jonny here. Show us something like that and I might even be interested in investing.

[l3sny]

kryptologika.com  -- hashing power exchange platform
-reasonable prices + silver as a residual value
0% trading fees
low maintenance fees
The site was just launched last week.

Hmm...the sparse description and lack of any verifiable proof not to mention it was "Just launched last week" makes it seem like a scam just ready to happen.
I don't mean to be distrustful, and I really don't want to, but I'm not going to invest my BTC in something that looks...how should I put it..."sketchy"

-verifable proof? What kind of proof would satisfy you?
We have been mining for a year now starting with Jupiters from KnC, we still have Neptunes to be delivered. KnC is not obviously our main supplier Now there are much better opportunities of hosting  cheap miners in China. We set up a platform (actually it took us quite long, around 8 months because we have other stuff, work, businesses etc.) and we are trying now to sell shares in reasonable prices.

Of course we want to make profits on it however:
-at this stage we are selling hashes for BTC only via the platform in reasonable prices and lower maintenance fees than any other offer (at least I could not find cheaper cloud hashing, if there are please correct me)
-we are working on the system to sell hashes for fiat and in the future this would be the only channel of selling hashing power
- It was launched last week, it is not a secret. Well it is what it s you have to start somewhere
-Since GH/s is just GH/s I see no reason why our GH/s should be forever some 35%-40% cheaper then the same product somewhere else and with higher maintenance costs? Well.... it is the goodwill on the market I know...

Sketchy! I am not sure what do you mean. Is this just the esthetic impression or is there some more constructive criticism behind it? I would appreciate if you elaborate a bit on this.

Our view is that it is possible to set up a cloud hashing offer with much better prices than the rest of the crowd.
We have 0% transaction fees, we decided to pay per block as it is more attractive for the traders to spaculate on the fluctuation of the prices of the shares. We are also promoting investing in silver which is unique.

I am happy to respond to any queries.

The official thread:
https://bitcointalk.org/index.php?topic=732733.msg8281507#msg8281507

A good start for proof:
1) Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
2) Live pool info on where you're mining.  For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
3) You say you back up your GH/s in silver.  Well... show me the money.  Show me this stockpile of silver you have.  Picture of silver with your username and today's date.
4) Clear explanation of your fee structure, especially the rates.  You list in PLN - does this fee change as the value of PLN changes?  Also, you list a formula for calculating fees that includes "average price per block".  What does that mean?
5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
6) Show us a model in which one of your customers can actually make a return and profit on their investment.  You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud  mining provider out there that has come out and said you actually want to make money, too.

I agree with jonny here. Show us something like that and I might even be interested in investing.

Yo! Wow....
You're challenging me
Ok.
I like challenges.

1)Pictures of your mining gear setup with something like a card or piece of paper with your BTCTalk username and today's date on it
&
2) Live pool info on where you're mining.  For example, if you're on a public pool like Eligius, providing the wallet address so we can see live stats of your mining operation
For now the total amount of GH/s ON SALE/SOLD on the platform is 3TH/s. I understand that it is sufficient for you as a proof? Or Shall I double it? Can I set-up entirely new account for it?
These photos you're asking will not be involving our Chinese operations unless I will be able to provide you with a photo of a nice Asian chick with our logo. But not topless, oh no! Seriously it does depend on me, I will ask our Chinese counterparts for a favour. I will post some pics tomorrow however.

3) You say you back up your GH/s in silver.  Well... show me the money.  Show me this stockpile of silver you have.  Picture of silver with your username and today's date.
https://www.facebook.com/kryptologika?ref_type=bookmark
Can we get some likes please??
The photo is a couple of weeks old. I will provide you with another one after 18/08 as I am on my holidays now far far away. Most of the silver is in Merrion Vaults. I do not think I can take photos inside there but I will try to make an extra mile for the better marketing

4) Clear explanation of your fee structure, especially the rates.  You list in PLN - does this fee change as the value of PLN changes?  Also, you list a formula for calculating fees that includes "average price per block".  What does that mean?
The fees structure is in PLN, this is because our mining operation has been based in Poland. It is a kind of a relic from the past times. We have calculated it in PLN to unify the costs. This is just a technical however the maintenance cots are in zloty, the exchange variations have minimal or no impact. I think you can take $0.11 per GH/s per month. And I can assure you we see some more room to reduce them on the horizon. It all depends on the volume of the sale, better hosting options etc. I am sure that $0.11 can be taken for guaranteed on today's date. It looks like we will have to replace the fees in dollars across the board...
Average price per block means average PLN/BTC exchange rate during the process of solving the block. Say a block was solved 12.00 - 12.05. During that time BTC/PLN price has an average which is needed to charge fees. We tried to make it as transparent as possible but of course it is a bit complex, thank you for asking.

5) You round down for block rewards but up for fees... that's kind of shady and not customer-friendly
This is only up/down to 1 satoshi. What is shady about it? Yea I agree perhaps it is not user friendly.... but it has to stay this way. I am not going to elaborate on this for obvious reasons. Once 1 BTC is worth 100,000 it may matter, now it does not.

6) Show us a model in which one of your customers can actually make a return and profit on their investment.  You clearly state that YOU'RE in this for profit - which, I applaud by the way as I believe you're pretty much the only cloud  mining provider out there that has come out and said you actually want to make money, too.

This is a kind of an academic discussion is mining a profitable business? Is it worth investing? I cannot give any kind of advice to anyone. All I can tell is that in some moments in time/difficulty continuity (another dimension than time space) it might be profitable to mine BTC, it might be profitable to get rid of the hashes at some stage. We are trying to set up an alternative to all cloud hashing offers we came across. It is just someone's personal decision whether to invest or not.

I wait for further instructions what hashrate shall I show.

[l3sny]

https://bitcointalk.org/index.php?topic=732733.msg8329115#msg8329115

The pisc are in our main thread. We still await response from our Chinese counterparts.


What about showing the hashrate? Is it Ok if we show say 3TH/s that is currently  at kryptologika?