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Author Topic: cloudminr.io - not legit at all?  (Read 6376 times)
malaimult
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December 09, 2014, 04:43:55 AM
 #21

Better to stay away from AM hash.

1. Their payment is 55%-65% of the ideal amount.

AMHash has maintenance costs. Miners are not magical devices powered by hopes and dreams, they require electricity to run. Electricity costs money. AMHash's fees are precisely stated and are actually a fair bit cheaper than other legitimate services. Of course, if you compare AMHash to a ponzi service that makes ridiculously unrealistic claims such as having 5 year contracts, lowest initial cot in the industry and no maintenance/electricity/hidden fees, then of course the ponzi service is going to seem like a better deal. Right up until they run away your money.

Some cloud mining companies (primarily PBmining) force their customers to prepay for electric/maintenance costs. This means that if you were to amortize the cost of electricity over the cost of the contract then the effective maintenance could potentially be more then the revenue from the contract. On the other side however prepaying for electricity, likely means that you are able to realize a discount for the overall cost of electricity

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baristor
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December 21, 2014, 11:31:38 AM
 #22

I dont understand why their free offfer is a scam when they are a new cloud mining service trying to legitimize themselves and getting more users by posting attractive offers im sure all other so called legitimate cloudies offered similar offers at some point during their start
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December 21, 2014, 01:11:25 PM
 #23

I dont understand why their free offfer is a scam when they are a new cloud mining service trying to legitimize themselves and getting more users by posting attractive offers im sure all other so called legitimate cloudies offered similar offers at some point during their start
I think people mostly speak on past experiences. If one cloudmining website is a scam then so is the other.
If cloudminr can offer proof of mining, then all should be good hopefull.y
thompete
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December 21, 2014, 02:46:21 PM
 #24

Cloudmining is a risky business. I think its best to stick to site which have been running the longest and have sufficient proof to show their mining business.

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December 21, 2014, 03:09:26 PM
 #25

Ha, I have gave up trying to find a real profitable cloud mining service.
that would be impossible. another way to run a ponzi scam that's the truth
agree?

malaimult
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December 21, 2014, 05:05:48 PM
 #26

Cloudmining is a risky business. I think its best to stick to site which have been running the longest and have sufficient proof to show their mining business.
Even if there is proof it is not a guarantee that the service will simply not pay it's customers their mining proceeds anymore.

The same is true with a long running business. PBmining for example was in business for a very long time and abruptly collapsed when the owner was doxxed which happened to coinside with when the difficulty was falling (meaning higher payouts)

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December 21, 2014, 05:18:22 PM
 #27

It's hard to find real cloud mining now.

It's not that hard. Just get your cloud hashing direct from the ASIC manufacturers.

Such as?
Mabsark
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December 21, 2014, 06:04:54 PM
 #28

It's hard to find real cloud mining now.

It's not that hard. Just get your cloud hashing direct from the ASIC manufacturers.

Such as?

ASICMiner: AMHash
BitFury: Bit-x
Bitmain: Hashnest
KnCMiner: KNC Cloud
malaimult
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December 23, 2014, 02:29:45 AM
 #29

It's hard to find real cloud mining now.

It's not that hard. Just get your cloud hashing direct from the ASIC manufacturers.

Such as?

ASICMiner: AMHash
BitFury: Bit-x
Bitmain: Hashnest
KnCMiner: KNC Cloud
All of these services are generally overpriced and will not be able to realistically ROI based on their selling prices if you assume they will not end up scamming (with the exception of amhash)

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December 23, 2014, 03:31:55 AM
Last edit: December 23, 2014, 05:41:12 AM by Mabsark
 #30

All of these services are generally overpriced and will not be able to realistically ROI based on their selling prices if you assume they will not end up scamming (with the exception of amhash)

They're all legitimate services provided by the ASIC manufacturers though and if they can only offer those prices, don't you think it a bit dodgy that people basically reselling their hardware can offer lower prices?

It's not the above services that have unrealistic ROIs, it's the "resellers" services because most of them are just ponzis with a get rich quick scheme.
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December 23, 2014, 04:54:34 AM
 #31

Things may change a little with difficulty going down lately, but there aren't many miners that will roi in general. so finding a cloud mining operation that will be profitable for you is even harder.

They need a miner that will return enough money for you to profit after they get a cut, very tough.
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December 23, 2014, 05:46:03 AM
 #32

Things may change a little with difficulty going down lately, but there aren't many miners that will roi in general. so finding a cloud mining operation that will be profitable for you is even harder.

They need a miner that will return enough money for you to profit after they get a cut, very tough.

AMHash is actually cheaper than most physical miners for most people in terms of up front cost (especially after factoring in shipping costs, PSU costs, local taxes and import fees) and electricity/maintenance costs.
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December 23, 2014, 10:14:18 AM
 #33

Things may change a little with difficulty going down lately, but there aren't many miners that will roi in general. so finding a cloud mining operation that will be profitable for you is even harder.

They need a miner that will return enough money for you to profit after they get a cut, very tough.

AMHash is actually cheaper than most physical miners for most people in terms of up front cost (especially after factoring in shipping costs, PSU costs, local taxes and import fees) and electricity/maintenance costs.

Is it possible to buy small amount of Gh/s from AMHash?
On your site the minimal package is 2Th/s, that´s a lot for me.

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December 23, 2014, 10:27:04 AM
 #34

If you really want to make some good amount of btc. Just invest your bitcoins on hashprofit and purchase some 100000 khs hashing power and get your return in 3-4 months and after that all the profit is yours only till two years.

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Mabsark
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December 23, 2014, 10:53:22 AM
 #35

Is it possible to buy small amount of Gh/s from AMHash?
On your site the minimal package is 2Th/s, that´s a lot for me.

You can buy 1 Gh/s AMHash contracts from Havelock. The AMHash3 IPO just ended and an AMHash4 IPO will likely be starting in the near future but AMHash1 shares can be bought off other customers for the time being.

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December 23, 2014, 12:42:41 PM
 #36

Ha, I have gave up trying to find a real profitable cloud mining service.

BIT-X.com
baristor
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December 23, 2014, 04:08:00 PM
 #37

Guys I have shocking news for all cloud minrs investors... I didnt invest yet too
baristor
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December 23, 2014, 04:09:28 PM
 #38

CLOUDMINR SCAM DISCUSSION
Proof Over here  https://bitcointalk.org/index.php?topic=902840.0
monetizator4
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December 23, 2014, 04:11:14 PM
 #39

CLOUDMINR SCAM DISCUSSION
Proof Over here  https://bitcointalk.org/index.php?topic=902840.0

The link is broken. Correct one is https://bitcointalk.org/index.php?topic=902840.0

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December 23, 2014, 04:12:12 PM
 #40

Ha, I have gave up trying to find a real profitable cloud mining service.

BIT-X.com

Real? Perhaps.
Profitable? Ha! have you checked their maintenance fees?
"0.00001026 for 1 GHS per day"
Thats  $0.1025/GH/month. Essentially the same as cex.io.
Good luck with that ROI.

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