ZeusHash Cloud Mining Review/Payouts *Daily update*

[SirChewie]

Hey guys,

So I've been in beta.zeushash for about 2 months now --
they just switched over to their full site: https://zeushash.com

That said,

I have 6.65 MHs. I'll be posting the daily ltc payout stats / MH. Note, their payouts are done every 20-30 min so each date will be the value displayed in "Last 24 hours".

I bought 1.5 LTC worth, and the rest was free from singing up/zeus Blizzard Promotions. I'll start payout calc from today in LTC total, and USD equiv if I sell my daily LTC at that days price.

http://imgur.com/a/M5PKv#0

Update: Turns out "Last 24 hours" Is not fully accurate, timer is based off of a given time rather than time.Now()-24hours
New Screenshots with true Day-Day pay amount:
http://imgur.com/a/YLZoU


October 8th, 0.178306 LTC / 6.65 = 0.0268129 LTC/MH/Day  || USD Equivalent Day: $0.69004 ,  $0.10376/MH
October 9th, 0.18200203 LTC / 6.65 = 0.02736872 LTC/MH/Day || USD Equivalent Day: $0.70799 ,  $0.1064646/MH
October 10th, 0.18943323 LTC / 6.65 = 0.0284862 LTC/MH/Day || USD Equivalent Day: $0.70734 , $0.1063669/MH

Total: 0.54974126 LTC  || $2.10537


Bonus: Referral Link if https://zeushash.com

[glendall]

So what you say generally speaking about the service? Good , bad, etc ?

[SirChewie]

So far good:

-I like the mining-style payouts. They typcally come every 20-30 min and have a more authentic mining feel.
-You can buy as small as 0.01MH for Scrypt! Once they add auto-purchase + the consistent payouts this could be interesting
-Payments adjust right away. When I doubled my MH, my payouts 30 min later were doubled as well

The bad:
+Can only be paid LTC for Scrypt and BTC for SHA. Forums mentions option of adding in alt payments/mining later
+"Last 24 hours" Is slightly confusing, shows payouts for that current day -- not for the past 24 hours.


For reference I also have 8MH Zencloud and 10MH Genesis Mining. I would personally rate Zeus/Zen tied first, Genesis last. I did buy Zen at 16/Hashlet though, given today's prices that rating would probably change

[tom99]

  Did you take out $0.059 for 1 MHS for maint fee?

[SirChewie]

Yes, basing it off of LTC deposited to zeushash account

[librab103]

Hey guys,

So I've been in beta.zeushash for about 2 months now --
they just switched over to their full site: https://zeushash.com

That said,

I have 6.65 MHs. I'll be posting the daily ltc payout stats / MH. Note, their payouts are done every 20-30 min so each date will be the value displayed in "Last 24 hours".

I bought 1.5 LTC worth, and the rest was free from singing up/zeus Blizzard Promotions. I'll start payout calc from today in LTC total, and USD equiv if I sell my daily LTC at that days price.

http://imgur.com/a/M5PKv#0

Update: Turns out "Last 24 hours" Is not fully accurate, timer is based off of a given time rather than time.Now()-24hours
New Screenshots with true Day-Day pay amount:
http://imgur.com/a/YLZoU


October 8th, 0.178306 LTC / 6.65 = 0.0268129 LTC/MH/Day  || USD Equivalent Day: $0.69004 ,  $0.10376/MH
October 9th, 0.18200203 LTC / 6.65 = 0.02736872 LTC/MH/Day || USD Equivalent Day: $0.70799 ,  $0.1064646/MH
October 10th, 0.18943323 LTC / 6.65 = 0.0284862 LTC/MH/Day || USD Equivalent Day: $0.70734 , $0.1063669/MH

Total: 0.54974126 LTC  || $2.10537


Bonus: Referral Link if https://zeushash.com

How does the numbers look now, a month and a half later?

[snowcrawl]

How does the numbers look now, a month and a half later?

Zeushash litecoin mining has turned out to be a bait and switch scheme.  Those of us who got involved during the beta testing period saw very nice litecoin mining returns up until sometime in October.  Then they said that there had been a glitch in the system, and that they had accidentally been charging a fraction of the mining fees that they should have been charging.  They had been charging too low by a factor of 10.  We were then still getting a decent return for a while, however within a couple weeks the mining fees began catching up to the mined amount.  At the current rate, it would take you an entire week (maybe if lucky) to mine what we used to be getting  for one day of mining at the beginning of October.  They are still trying to attract new customers to buy at roughly the same price we paid initially, 15.99 per MHS.   And at the rate it is going we are on track to reach negative returns.  At which point our contracts would be cancelled after 10 days of negative returns.  Meanwhile we are locked into these contracts with no option to sell.  Please stay clear of this service!

[kotarius]

At which point our contracts would be cancelled after 10 days of negative returns.

How could you ever agree to such a stupid clause?

[hdmediaservices]

"Cloud Mining" should be a red flag to anyone that has a calculator.

[SirChewie]

A month and a half later, the numbers suck

I was lucky enough to be able to sell back 80% of my investment since I bought it early enough, but the 20% I have left (Some 5mh) is barely making 0.1ltc total per day.

Definitely not worth it anymore!

[snowcrawl]

[
How could you ever agree to such a stupid clause?

They have changed the clause since we first signed up.  It was 20 days, then they changed it to 10 days.  Someone on the zeuhash forum was discussing the possibility of organizing a class action lawsuit if it comes to that, especially given that they appear to have changed the terms of their service at will.

[kotarius]

They have changed the clause since we first signed up.  It was 20 days, then they changed it to 10 days.  Someone on the zeuhash forum was discussing the possibility of organizing a class action lawsuit if it comes to that, especially given that they appear to have changed the terms of their service at will.

Contract law is very strict. I would love to see this happen.

[bitspender]

I bought 32 Mh/s. It turns out, after fee's i only generate 0,02LTC/day

The fees are almost as high as the generation:

http://screencloud.net/v/4aUE

BIG NO

[Scooby903]

I bought 32 Mh/s. It turns out, after fee's i only generate 0,02LTC/day

The fees are almost as high as the generation:

http://screencloud.net/v/4aUE

BIG NO

Precisely why I will NEVER do cloud mining! 

[hdmediaservices]

When will the "cloud mining" or rather "ponzi mining" posts stop? 

At least post this junk in the proper forums.

These are all ponzi schemes.  We all know that right? 

What a shame these "updates" get placed in a forum that says "NO CLOUD MINING POSTS" -- it is ridiculous.

[snowcrawl]

Sorry, I didn't notice that.  I will refrain in the future.  I was just replying to a fresh post I saw under "unread posts since last visit".  I did get a chuckle from reading your term "ponzi mining".

[hdmediaservices]

Sorry, I didn't notice that.  I will refrain in the future.  I was just replying to a fresh post I saw under "unread posts since last visit".  I did get a chuckle from reading your term "ponzi mining".

Ok cool - it is official -- new phrase -- "Ponzi-Mining"  - LOL.

[thegracewonder]

Thi site is scam. Thay take all profit fo maintenance fee.