Advice for new users regarding CLOUD MINING

[Puppet]

as if you care about the answer. All you care about is spamming your ref link. Your life must be sad.

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[picolo]

Who gives a shit if it's a ponzi or not as long as it's paying out?

Making nice coin on ltcgear...been around for over a year now...

It matters if something is a ponzi because a ponzi will eventually stop paying out well before it would be expected payouts to stop. It also does not matter if a ponzi is paying out today because it is very well possible that the payouts could stop the very next day and a new investor could end up with nothing

And everyone who enters a ponzi thinks he is among the first ones when maybe he is already late.

[newIndia]

Purely out of ROI perspective, LTCgear is the way to go

Please provide data to back up your claim.

1. Cost per Ghs

2. Average weekly return per Ghs after all deduction

[-ck]

Guys, stop hiding your referral spam in obfuscated links. They've been removed but consider this a warning.

[DARKANGEL6415]

Guys, stop hiding your referral spam in obfuscated links. They've been removed but consider this a warning.

i was about to say i dont see any ref links on posts but i noticed you mentioned removed them. Now it makes sense to what puppet was responding to i was trying to see who they had quoted lol. On a side note do we have any information or personal experience with the cryptomine cloud service?

[picolo]

Guys, stop hiding your referral spam in obfuscated links. They've been removed but consider this a warning.

i was about to say i dont see any ref links on posts but i noticed you mentioned removed them. Now it makes sense to what puppet was responding to i was trying to see who they had quoted lol. On a side note do we have any information or personal experience with the cryptomine cloud service?

Ref links are fine on a blog but not on the bitcointalk forum.

By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :

https://bitcointalk.org/index.php?topic=854072.0  

[Mabsark]

By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :

https://bitcointalk.org/index.php?topic=854072.0  

And despite claiming they have no hidden fees, they're only paying out 78% of what they should be. Have a look at a legit cloud mining service such as AMhash. Have a look at the information they provide. See how they do have fees and they are precisely stated?

[picolo]

By the Way the new price for cloudminr is 0.0013/GHS so you should change your signature :

https://bitcointalk.org/index.php?topic=854072.0  

And despite claiming they have no hidden fees, they're only paying out 78% of what they should be. Have a look at a legit cloud mining service such as AMhash. Have a look at the information they provide. See how they do have fees and they are precisely stated?

+17% on a 50GHS bought November 16 : 16-11-2014   50 GH/s    0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.

On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225

Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.

[Mabsark]

+17% on a 50GHS bought November 16 : 16-11-2014   50 GH/s    0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.

On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225

Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.

Irrelevant. Cloudminr claim they have no fees so why are you only being paid 80% of what you should be getting? They have no problems lying to you about payments, so what makes you think they won't just run away with the money? What makes you think they have any miners at all? They've already proven they're dishonest.

[Berthorl]

+17% on a 50GHS bought November 16 : 16-11-2014   50 GH/s    0.00926776 BTC in 18-19 days gives you 80%+ of the expected revenue at current's difficulty when the last difficulty was slightly higher.

On cex.io 50GHS would have cost 0.105$ x 50GHS x 19/30 = 3,325$=0.00875 for 1BTC=380$ so a net revenue of 0.011-0.00875=0.00225

Cloudminr is smaller so subject to luck but ends up giving 4.1 times more than cex.io for 50GHS on the last 18 days in my calculation.

Irrelevant. Cloudminr claim they have no fees so why are you only being paid 80% of what you should be getting? They have no problems lying to you about payments, so what makes you think they won't just run away with the money? What makes you think they have any miners at all? They've already proven they're dishonest.

Thats pretty good point.

A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.

[Mabsark]

Thats pretty good point.

A operator can just vanish at any point in time, regardless and decide when to close up shop. That same rule of thumb goes to all cloud services.. which most people already ignore though, so whatevers. lol.

True, but some are more likely to run than others. Not all operators are equivalent. You have manufacturers that are running cloud mining services and you have cloud mining services that buy hashing power from those manufacturers. It's extremely unlikely that established ASIC manufacturers will run away with your money. It's far more likely that a cloud mining service which refuses to provide information about itself will do a runner. That should be obvious to everyone.

[lastlove9091]

Nice guide for newbie as me. Now i choose GAW/Zen mining with 0.06BTC contract . tks u so much

[kotwica666]

Nice guide for newbie as me. Now i choose GAW/Zen mining with 0.06BTC contract . tks u so much

Can you tell me why you're so sure that there is better? This is very serious question.

[l3sny]

We are proud to announce 25% reduction in maintenance fees at kryptologika.com

[robmob]

My advice would be to stay away from it unless you want to loose money in the long run.

[l3sny]

Why so negative? Given the dropping difficulty in the long run it should generate profits. Besides you can trade the shares and benefit from the margins.

[yvv]

Dropping difficulty? Yeah, right.

[l3sny]

Actually if you look on the prices of GH/s across the board  in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!

[picolo]

Actually if you look on the prices of GH/s across the board  in the last 3-4 weeks(excluding CEX of course) you made profit and can sell at the same prices. however the prices actually went up as diff dropped!

When you can resell them. The price of GHS is dependent on the price of BTC too.

[l3sny]

Well you can re-sell them at kryptologika. Price of GH/s is related rather to diff not to BTC/USD price.