What cloud mining site do you use and why?

[testerman]

http://pbmining.com

Because,

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

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

If you arenot paying electiricty, buy antminer otherwise, just try 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 my roi in 4.5 months with this site.

[Bitsaurus]

http://pbmining.com

Because,

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

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

If you arenot paying electiricty, buy antminer otherwise, just try 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 my roi in 4.5 months with this site.

Wow you spammed the same thing in 4 different threads - how much a shill are you?  I repeat what I said in the other thread as a rebuttal.

What you forgot in your calculations was that when pbmining gives you a 404 error in 3 months (as in they run away with everybody's contracts) your 5 year contract is now worthless, the S3 will still be mining and under warranty. PBMining has yet to show what hardware they are using or where they are generating blocks - assume it's a ponzi until proven otherwise - Pireate@40 2.0


Cloud mining leads to centralization - no point in supporting it.

[rgenito]

Bitsaurus great point!

I have a service: http://hashingplex.com

What could we do to gain trust? Post our own mining addresses? We're not a leasing program, but we host for others. So far we have an example of accessing one of our S3s (the same way a customer accesses their machine) ...

http://genitrust.webber.genihash.com

Hmm, and now I notice... we could start by having our DNS records also resolve genitrust.webber.hashingplex.com (and any other customer links) to use the same domain...

[semizias]

cex.io
83 GH/S

I don't think you should go into cloud mining that much,
I earned 40 cents in one day instead of the 2$ a day promised by a profit calculator.
After calculating my profits again VS the price,
I found out it's not profitable at all. If you want to earn big, you have to invest big.

Unless someone else has a better suggestion, I suggest you find a different way to invest.

[EvilPanda]

Zenminer cloud of course
Why? I know who I'm dealing with there and the prices are quite good.
Prices on CEX are so high that I never even considered investing there. PB has a better offer but I'd never send money to an anonymous company.

[bizzyb]

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:  MegaMine.com
Hash: 620gh
Pros: Easy to set up and pay (they take PayPal).  Are "legitimate", I have earned and withdrawn my BTC, and continue to mine with them.  Good customer service.  "real" names and a "real" company, address etc.
Cons: I can only mine BTC, have no control of what pool I point to as they use their own private pool with guaranteed 95% luck.  Cannot therefore mine any other SHA-256 coin.
Extra: I like that they are a UK company using "renewable" energy

[testerman]

Site:  http://pbmining.com/

Hash: 5325 ghs

Pros: No fees, no electricity cost, no downtimes, cheap ( currently 0.0029btc/ghs), no recurring costs, 5 year period, no recurring costs, no pool fees. return of all invest in 4.5 months

Cons: Minumum order 15 ghs(this can be a cons for a newbie with low budget) , weekly payouts( not a problem, but for someone it can be problem)

[Bitsaurus]

Site:  http://pbmining.com/

Hash: 5325 ghs

Pros: No fees, no electricity cost, no downtimes, cheap ( currently 0.0029btc/ghs), no recurring costs, 5 year period, no recurring costs, no pool fees. return of all invest in 4.5 months

Cons: Minumum order 15 ghs(this can be a cons for a newbie with low budget) , weekly payouts( not a problem, but for someone it can be problem)

Stop!  Just Stop!  At this point I'm going to call you out as a paid shill for PBMining.  Over 1/2 your posts in English and Turkish promote this company - if that doesn't say paid shill....

So just when were you guys planning on running away with everybody's money?

[jonnybravo0311]

Site:  http://pbmining.com/

Hash: 5325 ghs

Pros: No fees, no electricity cost, no downtimes, cheap ( currently 0.0029btc/ghs), no recurring costs, 5 year period, no recurring costs, no pool fees. return of all invest in 4.5 months

Cons: Minumum order 15 ghs(this can be a cons for a newbie with low budget) , weekly payouts( not a problem, but for someone it can be problem)

Stop!  Just Stop!  At this point I'm going to call you out as a paid shill for PBMining.  Over 1/2 your posts in English and Turkish promote this company - if that doesn't say paid shill....

So just when were you guys planning on running away with everybody's money?

Gotta constantly have new blood to keep the Ponzi going...

[jjc326]

I don't see any difference between lunamine, which just ran away with 2000 btc, and pbmining.  Lunamine was very responsive and friendly.  I guess they just didn't keep the con going long enough.

[Bitsaurus]

I don't see any difference between lunamine, which just ran away with 2000 btc, and pbmining.  Lunamine was very responsive and friendly.  I guess they just didn't keep the con going long enough.

I remember you used to have a lunamine sig 

You know what would be really funny is if lunamine, PBmining and other mining companies are all run by some crime syndicate.  They could just be pushing customers from one burning building to another and scamming them over an over. Since nobody knows the incorporation info of any of these companies it could be Trendon Shavers operating from Texas for all we know! 

[FloridaBear]

Site:  http://pbmining.com/

Hash: 5325 ghs

Pros: No fees, no electricity cost, no downtimes, cheap ( currently 0.0029btc/ghs), no recurring costs, 5 year period, no recurring costs, no pool fees. return of all invest in 4.5 months

Cons: Minumum order 15 ghs(this can be a cons for a newbie with low budget) , weekly payouts( not a problem, but for someone it can be problem)

Stop!  Just Stop!  At this point I'm going to call you out as a paid shill for PBMining.  Over 1/2 your posts in English and Turkish promote this company - if that doesn't say paid shill....

So just when were you guys planning on running away with everybody's money?

Gotta constantly have new blood to keep the Ponzi going...

Even if this is not a Ponzi, this is basically a bet on the difficulty. At today's 0.0033 (I don't see the .0029 on the site), about 8.9% difficulty increases are break-even, and it will take over a year to recover even 50% of your initial "investment" (hint: this is not an investment. Investments can be sold. This is a purchase, as there is no way to sell contracts that I can see, unless there is a private market I don't know about.).

Also, if their "statistics" page is accurate, they have 4,979 customers totalling 1,966 TH. I find it difficult to believe they have the equivalent of 4,470 Antminer S3's running (1% of the total network hash rate).

[l3sny]

I have never bothered to do those checks. But contracts are basically a scam as once you buy them there is no way you could sell them back or buy back at better prices. Sorry to sound like a broken record but kryptologika is offering shares in our mining opertion at reasonable prices, low maintenance fees with price protection in silver. At the moment the lowest offer is around 0.0022 per GH/s and still people prefere to buy more expensive GH/s elsewhere.
So we just wait...

BTW if someone is interested in signature campaign please feel free to contact me on PM.

[njmulhsn]

I invested in cloudmining around 4 to 5 months back on hasflare. They never achieve their forecasted target. Initially I bought 500 GHs and now I have 750 GHs but they cant achieve even the target of 500 GHs with the rate of 750 GHs. My ROI is not visible even before the expiry of my contract. So my suggestion is never invest in cloud mining.