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btcjoin14
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September 18, 2014, 12:14:48 PM
 #1

How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

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Reply with quote  #2

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nope491
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September 18, 2014, 01:12:58 PM
 #2

More hash power you buy and more earnings you will have, it's simple.

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September 18, 2014, 09:49:22 PM
 #3

How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

A lot of new ones you buy a certain amount of hardware hosted there and you get that amount.  Or buy a part of hardware and get that part.
BTCish
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September 19, 2014, 05:33:49 AM
 #4

That is how it works, but are you sure, it is worth it to mine with them ?

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September 19, 2014, 05:43:34 AM
 #5

personally i see zen cloud as a good option, buy now while they are cheap....ish
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September 19, 2014, 09:38:35 AM
 #6

Calculate your profits before you buy any power. See its worth anything.
https://bitcoinwisdom.com/bitcoin/difficulty
Mayuyu48
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September 19, 2014, 05:55:21 PM
 #7

and be careful!
some cloud mining just want to sell "virtual cloud service"
they don't have mining rig, they only sell "number of GHS" to you

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September 21, 2014, 02:49:39 AM
 #8

If you have GHs in a cloud mining service that has it's own pool and the pool is not public (meaning only the hashpower from the cloud mining service is allowed to mine there) then the amount you would earn would be the same percentage of the hashrate you own of the total hashrate of the pool. For example if you own 1 TH/s of cloud mining and the pool has a total of 100 TH/s mining on it then you would receive 1% of the total block (and TX fee) rewards

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coindetective
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September 21, 2014, 07:55:31 AM
 #9

How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

Sure it is, what else would they use. Lottery?

snappa4ever
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September 22, 2014, 04:56:21 AM
 #10

How do Cloud Mining Websites Divide Profits?
Is it proportional to the number of personal hash?
thanks

Sure it is, what else would they use. Lottery?
They could potentially use some variation of PPLnS or variation of how other pools payout mined bitcoin, but cloud mining is different in that it is impossible to "pool hoop" so they do not need to protect themselves against this.

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joesmoe2012
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September 22, 2014, 06:54:40 AM
 #11

Alot of the cloud mining operations are scams, so buyer beware!

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