Medow (OP)
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October 21, 2014, 04:18:58 PM |
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Hello:
First of all. i would like to ask how it is possible that LTCgear is providing that cheap hash power with almost 5 USD for 1 Mh? What kind of asic equipments do you think they are used? I think by providing 5 USD/Mh which including power, cooling, internet, mentinance ... etc. This make me think they have asic equipments with less than 3 USD per Mh in total.
Second, i live in a country where electricity price is cost 2.5 cent per kw in resident area and 3.5 cent per kw in industrial area, there for i am asking the above question to determine if it is profitable to make a cloud mining service or not.
I am open mind for suggestion.
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AizenSou
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October 21, 2014, 10:08:57 PM |
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Hello:
First of all. i would like to ask how it is possible that LTCgear is providing that cheap hash power with almost 5 USD for 1 Mh? What kind of asic equipments do you think they are used? I think by providing 5 USD/Mh which including power, cooling, internet, mentinance ... etc. This make me think they have asic equipments with less than 3 USD per Mh in total.
Second, i live in a country where electricity price is cost 2.5 cent per kw in resident area and 3.5 cent per kw in industrial area, there for i am asking the above question to determine if it is profitable to make a cloud mining service or not.
I am open mind for suggestion.
We already have some nice discussions about all possibility over here. https://litecointalk.org/index.php?topic=22433.120Would be redundant to repost the analysis here. Try to grab the info there. Regards,
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Medow (OP)
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October 22, 2014, 07:06:22 AM |
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Thank you AizenSou , there a very good info there.
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maku
Legendary
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Activity: 1288
Merit: 1000
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October 22, 2014, 04:03:52 PM |
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Looks to me like their payouts are being pumped up to gather more greedy investors and bail. They could still sell their shares if thir payouts were lower, but the higher they are the more people will be willing to pay. As the old saying goes if something looks too good to be true it probably is You could not say that better. I get the impression that this LTC cloud mining is initial attack aimed at greedy investors who are willing to bet on it. After great beginning and good starting payouts it is going to collapse like a house of cards. I am a bit wary of trusting LTC. As you say - too good to be true.
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AizenSou
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October 22, 2014, 07:00:34 PM |
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Looks to me like their payouts are being pumped up to gather more greedy investors and bail. They could still sell their shares if thir payouts were lower, but the higher they are the more people will be willing to pay. As the old saying goes if something looks too good to be true it probably is You could not say that better. I get the impression that this LTC cloud mining is initial attack aimed at greedy investors who are willing to bet on it. After great beginning and good starting payouts it is going to collapse like a house of cards. I am a bit wary of trusting LTC. As you say - too good to be true. I'm aware of your concerns but you can't deny the fact that his service's running flawlessly over one year, much longer than others well-known competitors. Not to mention that a lot of his customers were getting ROI already. Yes high risk and huge return investment indeed. Don't invest the money you can't afford to lose there. Anyway it's still better than invest in many altcoins right now.
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AirFlame
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October 22, 2014, 08:27:59 PM |
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Mt.Gox was also running for over a year until it blew in our faces.
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AizenSou
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October 22, 2014, 10:02:56 PM |
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Mt.Gox was also running for over a year until it blew in our faces.
Did you read my statement above? Yes high risk and huge return investment indeed. Don't invest the money you can't afford to lose there. If we're sure 100% about things like that, I would loan a shitload of money to invest in this. No one forces you to invest in it.
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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October 22, 2014, 10:50:21 PM Last edit: October 23, 2014, 04:30:26 AM by Zeta0S |
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I'm aware of your concerns but you can't deny the fact that his service's running flawlessly over one year, much longer than others well-known competitors. Not to mention that a lot of his customers were getting ROI already. Yes high risk and huge return investment indeed. Don't invest the money you can't afford to lose there. Anyway it's still better than invest in many altcoins right now.
That's not an incredible achievement if they were around for over a year. I've seen people claim to have reached ROI with different providers in less than 4 months. Yes, Genesis Mining already roi. Got a Vochercode (MOON) so i had 5% discount. And whit Hashlets Roi in 14 days, after i sold my Prime Hashlets for 50 bucks! (got them for 16 bucks) I got hashlets for free to becorse i was a rearly buyer, sold them, even more profit! Made a payout and sold my bitcoisn on koop-bitcoin.nlHashlets made me a lot of €€
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AizenSou
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October 22, 2014, 10:58:18 PM |
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I'm aware of your concerns but you can't deny the fact that his service's running flawlessly over one year, much longer than others well-known competitors. Not to mention that a lot of his customers were getting ROI already. Yes high risk and huge return investment indeed. Don't invest the money you can't afford to lose there. Anyway it's still better than invest in many altcoins right now.
That's not an incredible achievement if they were around for over a year. I've seen people claim to have reached ROI with different providers in less than 4 months. You sure don't do the math. ROI with ltcgear less than 2 months.
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maku
Legendary
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Activity: 1288
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October 23, 2014, 12:37:28 AM |
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I will just wait and see. For now I am a bit reluctant to purchase anything from LTC. When they will be still here in the next year, maybe. For now they are more secure options as far as cloud mining goes.
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Snorek
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Activity: 1400
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October 23, 2014, 02:06:13 AM |
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I think that GAW might still be more secure bet at this point. Just saying.
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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October 23, 2014, 04:33:16 AM |
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I think that GAW might still be more secure bet at this point. Just saying.
You mean this hashlet service? http://badasscontent.com/Hashlets
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Sophie.Greek
Newbie
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Activity: 23
Merit: 0
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October 23, 2014, 04:50:30 AM |
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which cloud mining would you choose?
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hashie
Full Member
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Activity: 322
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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October 23, 2014, 07:13:13 AM |
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which cloud mining would you choose?
Shameless plug for Hashie.co We've just implemented auto-rebuy, where you can allocate a percentage (any amount from 0% to 100%) to reinvest into additional hashpower for your miner. -Sahra
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Medow (OP)
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October 23, 2014, 07:35:08 AM |
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the problem that make all this hard to believe is the MH price, we will not find an asic with the price of 5 Mh is the market (We are not counting power and other expenses). Unless they have a secret asic power which they are keep secret to use on their farm.
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ErikvanBreen
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October 23, 2014, 07:39:15 AM |
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the problem that make all this hard to believe is the MH price, we will not find an asic with the price of 5 Mh is the market (We are not counting power and other expenses). Unless they have a secret asic power which they are keep secret to use on their farm.
If the Zeus volcano does get released in December you have your $5/Mhash hardware right there which is the sales price and not the price to manufacture one. If Zeus or anyone else already has their hands on these chips or similiar ones then it would definetly be possible LTCgear or any other site could be mining on multipools or other coins which are more profitable then LTC to gain a share of the income, this could make the shares sustainable. These are all assumptions of course, only time will tell
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AizenSou
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October 23, 2014, 07:41:58 AM |
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I'm aware of your concerns but you can't deny the fact that his service's running flawlessly over one year, much longer than others well-known competitors. Not to mention that a lot of his customers were getting ROI already. Yes high risk and huge return investment indeed. Don't invest the money you can't afford to lose there. Anyway it's still better than invest in many altcoins right now.
That's not an incredible achievement if they were around for over a year. I've seen people claim to have reached ROI with different providers in less than 4 months. You sure don't do the math. ROI with ltcgear less than 2 months. If they are on the market for a year, there should be people who quadrupled their LTCG investment by now. When someone tells you "give me the money and I will double your investment in less than 2 months" he most likely wants to scam you ltcgear price is not cheap before. They just recently reduce the price to < 6$ / 1mhs with the new generation of chip. Yes I don't know whether someone who quadrupled their investment, but people who doubled their investment are a lot. I rather do not give my money to a company who spent a lot for PR stuffs. Who paid 1m$ for btc.com actually ? Be my guest
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AizenSou
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October 23, 2014, 07:43:52 AM |
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the problem that make all this hard to believe is the MH price, we will not find an asic with the price of 5 Mh is the market (We are not counting power and other expenses). Unless they have a secret asic power which they are keep secret to use on their farm.
If the Zeus volcano does get released in December you have your $5/Mhash hardware right there which is the sales price and not the price to manufacture one. If Zeus or anyone else already has their hands on these chips or similiar ones then it would definetly be possible LTCgear or any other site could be mining on multipools or other coins which are more profitable then LTC to gain a share of the income, this could make the shares sustainable. These are all assumptions of course, only time will tell ?? You heard about bitmaintech ? https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3Deliver in Dec with 5$/1mhs. And they are legit company. ltcgear just happens to have more superior tech than any asics company now.
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Medow (OP)
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October 23, 2014, 08:24:23 AM |
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ltcgear just happens to have more superior tech than any asics company now.
I believe that is correct. I hope some one from LTCgear cut the shit shat and provide us withe some real tech info about their farm. At least transparency make more sales.
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