Advice for new users regarding CLOUD MINING

[l3sny]

I did group buys before kryptologika. We did perhaps 60% in BTC but it was in the autumn last year just around the spike so nobody actually complained
I know what you mean. No I do not plan to disappear, I am just managing this project in transitory period. As I mentioned before it will be re assigned to a company so there will be address of a business instead of my details is it stands today.
We have actually too much too losee in terms of reputation and good business relations with our counterparts. Therefore for now we will continue to provide best services we can. You can just take it or leave it

[FinalHash]

This happens all the time. Good intentioned folks get too overwhelmed and then get fed up.

[CliveK]

I would say that Megamine, Nicehash and Kryptologica have been willing to post here with their representatives and show that they're actually incorporated.  Of course anybody could come on here and say they're from that company.  I could say I'm Elon Musk and you have no way to prove/disprove that without more info.

I agree.  Justin from MegaMine has not only jumped into this thread, but many others to offer his opinions and views, and to show off his facility and hardware.  Further, if you're feeling so inclined, if you sign up for a 10TH/s contract with them, they'll give you a tour of the place and a "driving experience" adventure.  Pretty cool little promo.

Just to add onto this.

Justin from MegaMine has donated some Gh to me from my thesis, has shown pictures of the kit on this forum and has emailed me one with a screen on showing hash speed of the neptune (lcd display). He has also corresponded with my thesis mentor, asking permission to assist me (UK's anti-bribery laws etc). This is about as transparent as you get.

[Blazarius]

I Strongly suggest Gawminers hashlets!!!

BEST EVER profits!


All my info can be found on my facebook page here:

https://www.facebook.com/miningcryptos

I just posted Pics on the page with the earnings of Hashnest, and not worth it at all compaired to Hashlets!


Or Directly on Gawminers website:

http://gawminers.go2cloud.org/aff_c?offer_id=34&aff_id=826

[Kuragee]

What about hashnest for cloudmining? Good buy?

[zdaz14]

What about hashnest for cloudmining? Good buy?

I would wait until they sell out entirely before buying so that you can get out (by selling the GHs) to someone else if difficulty gets too much.

[Johanna]

What about hashnest for cloudmining? Good buy?

Nah, not worth buying it...

[zdaz14]

What about hashnest for cloudmining? Good buy?

Nah, not worth buying it...

I think it is. At $40? Nah. But you can buy a large amount for $28+ per Mh of the Primes easily. Prices are said to be raising again as they add more to the Primes ability.

Currently 1 Prime = 40Ghs if you decide to make it SHA mine I believe too.

[jonnybravo0311]

What about hashnest for cloudmining? Good buy?

If you don't mind paying about 38% in fees, then sure it's a good buy... /sarcasm.

Think about it like this: it's the same as paying 1.35BTC for an Antminer S2 and then paying someone $98.58 a month to host it.

[vipgelsi]

Yes you have to be careful with all the fees in cloud mining.

[Kprawn]

Well CEX/Ghash is killing me with the fees.

I try to buy GHs as soon as ENOUGH btc is availlable to trade, but I go in a negative balance, for a couple of hours, constantly, when they start mining Alt coins, instead of btc. They say, Alt coin mining has no fees, but I still find, btc maintenance fees, are subtracted, after a few hours of Alt coin mining. {So it is slipped in their, anyways}

I threw in a few coins, to test profitability and to gain knowledge on the subject matter. {And to see if ROI can be possible}

The CEX/Ghash "cloud mining" fees, are huge. {Profit margin for miners, are tiny}

I will continue this experiment, in the hope, that the rise in btc price, would equal my investment. {And I guess, that is what every miner are hoping for}

My best bet, would be to sell GHs at a higher price, than what I paid for it. 

[DrG]

Well CEX/Ghash is killing me with the fees.

I try to buy GHs as soon as ENOUGH btc is availlable to trade, but I go in a negative balance, for a couple of hours, constantly, when they start mining Alt coins, instead of btc. They say, Alt coin mining has no fees, but I still find, btc maintenance fees, are subtracted, after a few hours of Alt coin mining. {So it is slipped in their, anyways}

I threw in a few coins, to test profitability and to gain knowledge on the subject matter. {And to see if ROI can be possible}

The CEX/Ghash "cloud mining" fees, are huge. {Profit margin for miners, are tiny}

I will continue this experiment, in the hope, that the rise in btc price, would equal my investment. {And I guess, that is what every miner are hoping for}

My best bet, would be to sell GHs at a higher price, than what I paid for it. 

Unless you just bought the hashing power that's not going to happen.  Just sell all the hash today.  You can try to time it for the best price in the next 48 hours but if you look at the price for the last 10 months it is obvious it will head to 0.

[bitkilo]

Thanks for the infomation, i've always been a bit sus on the whole cloud mining thing.
Someone i know has offered me a rockminer rbox 32gh/s asic for 0.0960 btc, is this a good offer do u think?
Not in it for the money just interested to try it for a few weeks or so.

[CliveK]

Thanks for the infomation, i've always been a bit sus on the whole cloud mining thing.
Someone i know has offered me a rockminer rbox 32gh/s asic for 0.0960 btc, is this a good offer do u think?
Not in it for the money just interested to try it for a few weeks or so.

Just remember you need to power it too.

I bought mine for $65 a few months ago, but doubt you will see any ROI on it (I know I won't).

[bitkilo]

I belive the rbox only uses 40w but i could be corrected on this.
What do you run yours on and can you still use the computer for basic things while mining?
If i make half my money back then i'll be happy, just don't want to loose more than i put in.
I thought about cloud mining but after a bit of research i don't really trust it.
Im really just trying to learn everything i can about all aspects of bitcoin.

[odolvlobo]

Thanks for the infomation, i've always been a bit sus on the whole cloud mining thing.
Someone i know has offered me a rockminer rbox 32gh/s asic for 0.0960 btc, is this a good offer do u think?
Not in it for the money just interested to try it for a few weeks or so.

If you start mining now, you have a good chance of breaking even. It depends a lot on the future difficulty.

[wagamamaman]

It's probably not just about when you start mining, but what you mine.

[Peiceofcake]

It's probably not just about when you start mining, but what you mine.

And about what profit you get in the end, still there too low bitcoin economic activity, they are not get used as regular currency. So I prefer to calculate exchange rates of pair bitcoin-USD and after - withdraw, Hope soon bitcoins go after 900 USD, hope this graphs be useful http://mining-profit.com/bitcoin

[Kprawn]

It's probably not just about when you start mining, but what you mine.

And about what profit you get in the end, still there too low bitcoin economic activity, they are not get used as regular currency. So I prefer to calculate exchange rates of pair bitcoin-USD and after - withdraw, Hope soon bitcoins go after 900 USD, hope this graphs be useful http://mining-profit.com/bitcoin

At this stage, the 900 USD looks less viable every day. By the time it reach those levels again, my "cloud mining" profits would have been absorbed in maintenance fees.

We are all hoping it reach those levels, so we can show some ROI for our efforts. 

[polminers.com]

I think cloud mining is the way forward, No electricity costs, no worry about fire in your house as I used to

since we started up http://www.polminers.com we have had so many users say how much they prefer cloud mining and how much better ROI they get, Just look at the payout statistics (http://polminers.com/pricing.php) and this is quite affordable for us.