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Author Topic: What cloud mining site do you use and why?  (Read 3243 times)
MasterOwel
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August 10, 2014, 07:41:58 PM
 #1

The subject says it all. I'm trying to gather some information

Please reply with your information in this format

{Site}
{Your GH/s}
{Pros}
{Cons}
{Extra}


Thank you for everyone who comments.
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jonnybravo0311
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August 11, 2014, 01:46:37 PM
 #2

The subject says it all. I'm trying to gather some information

Please reply with your information in this format

{Site}
{Your GH/s}
{Pros}
{Cons}
{Extra}


Thank you for everyone who comments.
Site - None.
My GH/s - 4TH/s of hardware that I actually own
Pros - There are no pros to cloud mining, unless you're the guy providing the cloud mining service, in which case there are plenty.
Cons - Most are scams with no proven mining actually happening.  All are overpriced and will never get you ROI.  Many have hidden fees in their structure (example, maintenance charges).

Seriously.  Save yourself the trouble.  Do NOT become a cloud mining consumer.  If you want to mine, purchase the hardware.  You can have it hosted, if you can't have it at your home/dorm/apartment/whatever.  There are a number of vendors who provide co-location services.  Not all of them are overpriced.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
wanted1
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August 11, 2014, 01:50:01 PM
 #3

Good that  you broke even at least some people are taking big losses.
jonnybravo0311
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August 11, 2014, 02:49:58 PM
 #4

cex.io was decent but cloud mining should be avoided unless you physically cannot mine yourself
Even if you cannot physically mine yourself, there are better options like co-locating hardware.  Cloud mining should NEVER be on your list of options.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
OptimusPrime7
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August 11, 2014, 03:45:29 PM
 #5

cex.io cause its most trusted...
Bitsaurus
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August 11, 2014, 07:35:33 PM
 #6

cex.io cause its most trusted...

Lol at the trust.  You can't even name the CEO of the company or tell me where they are physically located (not some garbage address in London).  They haven't run because they're still making money by selling overpriced hash to new miners because of comments like above.
MasterOwel
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August 11, 2014, 07:47:28 PM
 #7

Lol at the trust.  You can't even name the CEO of the company or tell me where they are physically located (not some garbage address in London).  They haven't run because they're still making money by selling overpriced hash to new miners because of comments like above.

I never went with cex.io for that reason exactly. Everywhere I looked I saw no profit in purchasing the GH there, the only way to make profit was via trading. So I went with PBMining just because I can't set up a mining rig at my house.
jonnybravo0311
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August 11, 2014, 08:36:26 PM
 #8

cex.io cause its most trusted...

Lol at the trust.  You can't even name the CEO of the company or tell me where they are physically located (not some garbage address in London).  They haven't run because they're still making money by selling overpriced hash to new miners because of comments like above.
Trust and cex.io in the same sentence.  And he was serious.  Not only is the company pretty much hidden from the world as Bitsaurus pointed out, but they have executed at least one known 51% attack previously.  They took no steps to stop from gaining 51% of the hash rate a few months back.  They do not list out their fees for their services (upwards of 30% maintenance fees anyone?).  Trusting them is like trusting cancer not to spread.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
l3sny
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August 11, 2014, 10:01:50 PM
 #9

kryptologika.com
150Gh/s
Cheaper than CEX
none
physical silver as a residual value when profitability is negative


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HashFarmer
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August 12, 2014, 08:36:48 AM
 #10

cex.io and pbmining.com
drawer
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August 12, 2014, 09:19:34 AM
 #11

http://cryptotime.de/

New site quite clear and easy to manage.
Bitsaurus
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August 12, 2014, 09:33:14 AM
 #12

http://cryptotime.de/

New site quite clear and easy to manage.

Register today - check
2 posts - check
Both posts promoting the same website and not much other discussion other than a hyperlink - check
Shill - check

MasterOwel
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August 12, 2014, 10:20:56 AM
 #13

http://cryptotime.de/

New site quite clear and easy to manage.

The short term contract (24 hours and costs 15 EUR) will return ~0.005 BTC worth about 2.17 EUR

I'm not so good at calculating a full years worth, but their long term prices seem to be about twenty times as expensive as what I currently pay. Good luck to this company, it's really going to need a fan base.
Katarina
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August 12, 2014, 02:17:57 PM
 #14

none of the cloud mining is profitable, dont waste ur money
kingcolex
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August 12, 2014, 04:44:01 PM
 #15

none of the cloud mining is profitable, dont waste ur money
Definitely listen to Katarina, cloud mining is a fools game, just buy BTC directly instead if you're looking long game.

Nawaytes
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August 13, 2014, 02:56:30 AM
 #16

none of the cloud mining is profitable, dont waste ur money

for sure,
i have 30ghs in pbmining,
absolutely no profit, not even reached ROI in 6 months.
don't waste yor btc
Vortex20000
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August 13, 2014, 03:24:05 AM
 #17

CEX.IO

6 GH/s

About 20¢/month/GH profit. You can resell GH/s.

Long R.O.I.

Best you not invest.

Posted From bitcointalk.org Android App

jjc326
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August 13, 2014, 04:13:51 AM
 #18

I'll tell you which to not use -lunamine. Guy just gave some Bs excuse and now isn't paying sig campaign even though paid for three weeks. And query whether you can even withdraw from that site right now.
bernard75
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August 13, 2014, 12:40:36 PM
 #19

Site: cex.io
Your GH/s: 220 GH/s
Pros: I use a lot of power
Cons: I dont make any profit
Extra: I actively destroy the environment
maxl
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August 13, 2014, 01:47:04 PM
 #20

I have 258 GH/s on PBMining.

I didn't have made ROI so far, but my first GH/s are at 90%.
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