list / cheapest places to buy cloud mining

[MWNinja]

Our current prices for cloud mining on NinjaCloud during the closed beta period:

AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month -  336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).

Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.

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[testerman]

Antminer S3, it seems cheapest mining hardware in the world.

Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.

Lets calculate the how much it costs..

0.68 BTC for 441 GHS.

340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh

0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost

PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs

TOTAL COST IN ONE YEAR

0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc


I searched a lot try to find cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years..hardware mining is useless at the moment. I made roi in 4.5 months, and buying more contracts..

[l3sny]

At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.

[johny08]

At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.

selling the coins whens high and not trading daily. a little bit of speculating for a higher price bring you the profit

[urbanBTC]

Our current prices for cloud mining on NinjaCloud during the closed beta period:

AntMiner S3 - 440GH Nominal
One day - 13.15 mBTC ($7.71).
One week - 92.03 mBTC ($53.97).
Two weeks - 173.33 mBTC ($101.65).
One month -  336.97 mBTC ($197.62).
Six months - 1412.96 mBTC ($828.64).

Instant mining, you choose the pools. Currently in closed beta so please PM me your email address for an invite.

https://bitcointalk.org/index.php?topic=715299

He makes it sounds like Bitmain backs his zero downtime SLA.  But me thinks hes just getting quick replacement parts big buyers get.  He does not prove claim that sounded like partners.

Alsos he made a lease sound like a group buys.  He said buy when at end of lease he keeps S3!  Worded trickys.

Watch out with dealing with ninjas!!

[l3sny]

At least we have $0.11 per kw/h. I think mining may be profitable if BTC spiked. All you need is to wait for the right moment.

selling the coins whens high and not trading daily. a little bit of speculating for a higher price bring you the profit

Basically our target group are the people who invest in CEX. We offer lower prices (as long as the market allows), lower maintenance fees and silver protective shield . We believe that at some stage they will be switching to kryptologika it is just a matter of time. We are working hard on the marketing front now. All I can say that we have very few users and very low prices.

[jonnybravo0311]

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.

Sorry I haven't gotten back to this thread in a few days.  Firstly, thank you for responding.  Let me address your comments below:

1 and 2) Telling me you have 3TH/s is not the same as showing actual proof that you have the hardware to back it up.  While topless photos of beautiful women are always a nice distraction, and topless women posing in front of mining hardware would be an excellent marketing strategy, neither provides actual proof of the existence of your hardware.  For example, I mine on p2pool and run my own node.  Currently because I'm traveling for work, my hardware is pointed to http://www.coincadence.com.  You can clearly see my stats here: http://minefast.coincadence.com/miner.php?id=1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9.  I can post photos of my 8 Antminer S3s as well.  This is the kind of evidence we'd like to see.

3) You've got some silver.  Thanks for providing the link to the Facebook profile showing it.

4) It sounds like your fees are variable depending on market rates (how the Zloty is doing, etc).  Would it make more sense to charge fees in BTC rather than fiat (PLN, USD, EUR, etc)?  Your quote of $0.11 per GH/s per month translates into $110 per TH/s per month, which is just about $0.15 per kWh electricity costs assuming your hardware is 1W/GH/s.  Obviously this goes back to point 1 - without knowing what kind of hardware you're running it's tough to determine if that's a fair fee structure.

5)If it's only a satoshi here and there, then make the rounding policy consistent.  Either always round up, or always round down.  Stating that you're rounding up if it's in your favor, but rounding down if it's in the customer's favor is what is referred to here in the US as "Nickel and Diming".  It's a relatively meaningless amount, but you're trying to squeeze every last little bit from the customer.

6) I wasn't speculating on whether or not cloud mining in general is profitable.  I was asking you to show an example of how YOUR service might provide a positive ROI for the customer.

Thanks for taking the time to answer.

[l3sny]

Sorry I haven't gotten back to this thread in a few days.  Firstly, thank you for responding.  Let me address your comments below:

1 and 2) Telling me you have 3TH/s is not the same as showing actual proof that you have the hardware to back it up.  While topless photos of beautiful women are always a nice distraction, and topless women posing in front of mining hardware would be an excellent marketing strategy, neither provides actual proof of the existence of your hardware.  For example, I mine on p2pool and run my own node.  Currently because I'm traveling for work, my hardware is pointed to http://www.coincadence.com.  You can clearly see my stats here: http://minefast.coincadence.com/miner.php?id=1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9.  I can post photos of my 8 Antminer S3s as well.  This is the kind of evidence we'd like to see.

3) You've got some silver.  Thanks for providing the link to the Facebook profile showing it.

4) It sounds like your fees are variable depending on market rates (how the Zloty is doing, etc).  Would it make more sense to charge fees in BTC rather than fiat (PLN, USD, EUR, etc)?  Your quote of $0.11 per GH/s per month translates into $110 per TH/s per month, which is just about $0.15 per kWh electricity costs assuming your hardware is 1W/GH/s.  Obviously this goes back to point 1 - without knowing what kind of hardware you're running it's tough to determine if that's a fair fee structure.

5)If it's only a satoshi here and there, then make the rounding policy consistent.  Either always round up, or always round down.  Stating that you're rounding up if it's in your favor, but rounding down if it's in the customer's favor is what is referred to here in the US as "Nickel and Diming".  It's a relatively meaningless amount, but you're trying to squeeze every last little bit from the customer.

6) I wasn't speculating on whether or not cloud mining in general is profitable.  I was asking you to show an example of how YOUR service might provide a positive ROI for the customer.

Thanks for taking the time to answer.

re: 1&2
I am happy to show you the hashrate anytime. Again I repeat should this be the amount added to the system that is actually 3TH/s or more? I am aware that we will be scrutinized by the community so at some stage we will provide a link corresponding to the amount of hashing power on the platform. BTW I have posted the pics of the Jupiters and Neptics on the main thread here, I still await for the photos from my Chinese DC with our logo. And yes I am aware of the marketing potential of tits! I am not sure if this can be arranged at this short notice however. Apart from KnC we use T1 Dragons. Anyway I still wait for the response

re: 3
signed off

re: 4
the fees are in PLN for the reasons I have also explained. It is a temporary solution, the problem is that for the next couple of weeks probably monthe the developers are doing their own projects and work. It is almost not possible to ask them to change it now. But actually I do not see any problem as you correctly pointed out it is $110 per TH/s. If you read T&C you will learn that maintenance fees will be reviewed quarterly and will be then reduced (we have never stated we would ever rise them, we would not). In practice we will be reducing them more often we hope. First one will take place in a couple of days but do not expect any big price slash, it will be one digit %.

re: 5
Imagine that someone is buying 1,000GH/s in 1,000 separate transactions and pays less one satoshi. We could be robbed easily this way. We are not going to change this and I am not going to discuss it any further. You can either accept the rules as they are or do much better business somewhere else.

re: 6
Positive ROI... now you've pinned me down
For now we have much lower prices than a platform we are competing with and lower maintenance fees. We also provide silver backup which is a decent incentive. Actually our product is then much more attractive than their shares which leads to an assumption that it should be priced higher. What we are missing at this stage is the liquidity and goodwill on the market which translates basically to a few k of users. If someone is thinking the same way he would assume that the shares offered now have to go up provided we will be able to attract the new users. So ROI wise I can only say  that we have  a much better product which is innovative and should reach higher prices than our competition. This is the logic behind our reasoning. And since the market decides of the prices this would lead to ROI for early buyers as long as they buy for the lower prices than offerd elswhere. Discussing ROI purely from mining on your own hardware or from buying cloud hashing contracts is another story which I am not going to tell. Why 1 GH/s costs today some 0.0038 on another platform?? Because someone is ready to pay that amount. Would we be able to find buyers for my GH/s for the same prices or even higher than there? I do believe so.

But again I am not an advisor so everyone has to make the decision on their own. If you have doubts-better go and buy BTC for fiat. We are just trying to provide you with a better product than the rest of the crowd and the best level of support we can.

[silversurfer1958]

The thing that bothers me about cloud mining is none that I've visited have a system whereby the mined or earned coins are sent automatically to an external address.
you always seem to have to log on and send out the coins you have accrued.
Actually, that's not true, PB Mining have that inbuilt.
Ideally, I think, with cloud mining, I'd prefer not to haver to keep logging in every few days to redeem my coins, surely it would be better to at least have the option to have them sent to your Mobile phone wallet / Brain or other wallet automatically.
I suppose though if enough people sign up to these cloud mining services, then one or two of them are going to forget about their cloudmining or be killed in some freak accident or just die and that way, the cloud mining company gets to keep the coins generated by the unfortunate investor.
Or am I just being a little bit too cynical.
It would be Great to have a facility on some of these cloud mining  services where you can specify, I'd like 25% re-invested into more Hash power and send the other 75% to my mobile phone BTC / LTC address.
That way, I can just forget about it all.
Surely such a service would be quite attractive.

[cryptomonkeyz]

Check genesis mining, they are cheaper than gaw

Posted From bitcointalk.org Android App

[l3sny]

Our prices are competitive with them.

The market is very hard now however I think that cloudhashing may be profitable once CEX plugs off their massive unproductive mining operation. Then the diff drops

[cryptomad]

I Know of Pb mining but im not sure What the rates Are I guess they changes since i last looked

[elgimpo]

PB is currently at 0.0024 GH for a 5 Year contract

[cryptost]

The best place at the moment is LTCGear with the offer in my signature, GAW is also OK, but will take longer to ROI.

I have 100mh and 100gh with GAW, I expect ROI 3-4 months.

And I just bought LTCGear ROI with the offer expected in 1 and a half months.