Advice for new users regarding CLOUD MINING

[kotwica666]

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!

mathematically - If thats ponzi -  it will survive few years ..

[1715120002]

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[1715120002]

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[kotwica666]

Hello I am Hommero and I have big Bitcoin farming. They need watering right now to grow but pay me $50 and I'll sell you one plant. In two years you will get your $50 back guaranteed. Plus you will need to keep upgrading plant, so really you pay me more and so if you upgrade your $50 hashish to 70 doll hair hashish I can promise you little over 2 1/2 years. Wow what a great schema please refer your friends and get free Bitcoin hashish plant.

- Hommero

hehe

But it is true.. farming .. but for first one, that can be profit 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!

mathematically - If thats ponzi -  it will survive few years ..

I know what you mean. Mathematically if it was ponzi it would not have survived given recent flat difficulty. Because we expect very moderate to low diff increase I think most ponzis will go belly up in the next couple of months.

[tsaroz]

Anyone please tell me is there any real profitable cloud mining service? I don't want to keep my coins still. And I am also tired of btcjam and bitlendingclub.
I have free miners in hashie.co, is it worth spending there?

[l3sny]

honestly it seems that mining may be profitable given lower dynamics of diff increase. Choose your hashing power platform and buy.

[randy8777]

some people say it is better to buy bitcoin rather than mining it. and others say mining is still profitable.

[arvindr]

some people say it is better to buy bitcoin rather than mining it. and others say mining is still profitable.

If you are in Asia where the cost of mining is almost next to nothing, and have the mining hardware, then it is definitely better to go for mining.
But at the current price, there are lot of uncertainities, and might not be adviced to start mining at this stage.

[yvv]

some people say it is better to buy bitcoin rather than mining it. and others say mining is still profitable.

Bitcoin needs mining, but it does not need too much mining. The system converges to the margin of profitability by its design. It favors those with cheap/free hardware/electricity.

[l3sny]

Correct. Mining runs in cycles, now we see that the dynamics of the difficulty fluctuates so it is safe to say that those people who purchased GH/s a month or two ago will have ROI or it is very likely they will get ROI. 3-4 weeks ago you could buy GH/s for as low as 0.0011BTC. Now they are trading at 0.0013. I am sure that the price will not drop significantly in the next 1-2 weeks as diff is still fluctuating and at the moment is poised to go down. We may see a very small decrease in diff in coming weeks but for the miners it very good! It is better than the flat line isn't it? If in this period of lower difficulty a spike in price of bitcoin occurs costs of hashing power will drop to a few % as it was in November last year. And you can be sure that at some stage it will happen.

[DARKANGEL6415]

some people say it is better to buy bitcoin rather than mining it. and others say mining is still profitable.

If you are in Asia where the cost of mining is almost next to nothing, and have the mining hardware, then it is definitely better to go for mining.
But at the current price, there are lot of uncertainities, and might not be adviced to start mining at this stage.

man this is true i tell you what if i had no family and could find some place nice to live in asia i would so go. I would get cheap btc mining gear, cheap power and as a bonus i can eat asian food all the time without high prices 

[picolo]

Correct. Mining runs in cycles, now we see that the dynamics of the difficulty fluctuates so it is safe to say that those people who purchased GH/s a month or two ago will have ROI or it is very likely they will get ROI. 3-4 weeks ago you could buy GH/s for as low as 0.0011BTC. Now they are trading at 0.0013. I am sure that the price will not drop significantly in the next 1-2 weeks as diff is still fluctuating and at the moment is poised to go down. We may see a very small decrease in diff in coming weeks but for the miners it very good! It is better than the flat line isn't it? If in this period of lower difficulty a spike in price of bitcoin occurs costs of hashing power will drop to a few % as it was in November last year. And you can be sure that at some stage it will happen.

In this climat, cloudmining can bring you great return if you chose the correct company to invest with.

GHS at 0.0015 and lower will likely ROI if the maintenance costs of the company is low.

[Mabsark]

In this climat, cloudmining can bring you great return if you chose the correct company to invest with.

GHS at 0.0015 and lower will likely ROI if the maintenance costs of the company is low.

Can you link me to cloudminer.io's maintenance costs?

[picolo]

In this climat, cloudmining can bring you great return if you chose the correct company to invest with.

GHS at 0.0015 and lower will likely ROI if the maintenance costs of the company is low.

Can you link me to cloudminer.io's maintenance costs?

 What fees do you have?
We have a no fee policy.
For any changes we will notify everyone through our website and on Bitcointalk forums.

https://cloudminr.io/faq/

At cex : 0.107$/GHS/month and the price on the market is 0.0016

[Mabsark]

What fees do you have?
We have a no fee policy.
For any changes we will notify everyone through our website and on Bitcointalk forums.

https://cloudminr.io/faq/

At cex : 0.107$/GHS/month and the price on the market is 0.0016

So, they have no fees yet:

1 GHS is expected to  mine 0.00008799BTC/week so 1257s/day. 800/GH/day is good. About the same rate at cloudminr.

So, if cloudminr.io has no fees and 1 Gh/s is expected to pay 1257 Satoshis per day and only around 800 Satoshis were paid out, what happened to the other 457 Satoshis?

[chiefraven]

In this climat, cloudmining can bring you great return if you chose the correct company to invest with.

GHS at 0.0015 and lower will likely ROI if the maintenance costs of the company is low.

Can you link me to cloudminer.io's maintenance costs?

 What fees do you have?
We have a no fee policy.
For any changes we will notify everyone through our website and on Bitcointalk forums.

https://cloudminr.io/faq/

At cex : 0.107$/GHS/month and the price on the market is 0.0016

if they have no fees then how do they make profit to stay in business?

or do they have other methods of making up for that?

[malaimult]

Correct. Mining runs in cycles, now we see that the dynamics of the difficulty fluctuates so it is safe to say that those people who purchased GH/s a month or two ago will have ROI or it is very likely they will get ROI. 3-4 weeks ago you could buy GH/s for as low as 0.0011BTC. Now they are trading at 0.0013. I am sure that the price will not drop significantly in the next 1-2 weeks as diff is still fluctuating and at the moment is poised to go down. We may see a very small decrease in diff in coming weeks but for the miners it very good! It is better than the flat line isn't it? If in this period of lower difficulty a spike in price of bitcoin occurs costs of hashing power will drop to a few % as it was in November last year. And you can be sure that at some stage it will happen.

(I assume that you are talking about cex/ghash on the above)

While this may be true, you still need to factor in the cost of electricity/maintenance which is almost always priced in dollars (as they are paid for in terms of dollars). If the exchange rate falls more then the difficulty then you could still potentially see a decline in net revenue as the electricity costs eats away are a greater share of mining revenue).

[l3sny]

Correct. Mining runs in cycles, now we see that the dynamics of the difficulty fluctuates so it is safe to say that those people who purchased GH/s a month or two ago will have ROI or it is very likely they will get ROI. 3-4 weeks ago you could buy GH/s for as low as 0.0011BTC. Now they are trading at 0.0013. I am sure that the price will not drop significantly in the next 1-2 weeks as diff is still fluctuating and at the moment is poised to go down. We may see a very small decrease in diff in coming weeks but for the miners it very good! It is better than the flat line isn't it? If in this period of lower difficulty a spike in price of bitcoin occurs costs of hashing power will drop to a few % as it was in November last year. And you can be sure that at some stage it will happen.

(I assume that you are talking about cex/ghash on the above)

While this may be true, you still need to factor in the cost of electricity/maintenance which is almost always priced in dollars (as they are paid for in terms of dollars). If the exchange rate falls more then the difficulty then you could still potentially see a decline in net revenue as the electricity costs eats away are a greater share of mining revenue).

Well yes, however at some stage the price will bounce up and probably the dynamics of the price going up will be greater than the dynamics of the diff catching up. That's what I am hoping for.

[picolo]

In this climat, cloudmining can bring you great return if you chose the correct company to invest with.

GHS at 0.0015 and lower will likely ROI if the maintenance costs of the company is low.

Can you link me to cloudminer.io's maintenance costs?

 What fees do you have?
We have a no fee policy.
For any changes we will notify everyone through our website and on Bitcointalk forums.

https://cloudminr.io/faq/

At cex : 0.107$/GHS/month and the price on the market is 0.0016

if they have no fees then how do they make profit to stay in business?

or do they have other methods of making up for that?

They get 0.0013/GHS (or 0.0011/GHS for vip) when you buy GHS. They are probably getting hardware at a lower costs so they make a profit and they will add a small maintenance cost when they need it.

[l3sny]

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

[kotwica666]

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?