cloudhashing.com reinvestment service has disappeared

[mrhiggins]

To my great dismay, cloudhashing.com has gone "off the air" with communications. The vaunted Reinvestment service they have is non-operative, and no explanation has been given publicly or privately to me regarding the RRP features of my existing contracts.  We are now 17 days into contracts that should have been enabled as of Dec 1, and I am not receiving the mining benefits per my contract. I urge new users to hold off on buying new contracts.

[philipma1957]

Sorry to hear this.  They got a negative trust rating from me last year.  I wish you had looked it up.


They are the only company that I ever did this to.  In fact they are the only forum member I ever down rated

https://bitcointalk.org/index.php?action=trust;u=90645

[Jamphone]

All cloud mining is a scam, the only difference between cloud miners is to what extent they are a scam. Some will take all of your money and give nothing back, some will take all of your money and give a little back. No one breaks even on cloud mining. (Except perhaps some lucky short term traders, but I wouldn't recommend it.)

[Seketsuna]

All cloud mining is a scam, the only difference between cloud miners is to what extent they are a scam. Some will take all of your money and give nothing back, some will take all of your money and give a little back. No one breaks even on cloud mining. (Except perhaps some lucky short term traders, but I wouldn't recommend it.)

yeah, it seems all of these new cloud mining ponzis are really ponzi. Zeus, cloudminr.io, Cryptomine.io. they got these insane offers that entice you to buy there "GH/s" and ref commission that pay some good amount. It makes me wonder how long will they last with this unsustainable system.

[Mabsark]

All cloud mining is a scam, the only difference between cloud miners is to what extent they are a scam. Some will take all of your money and give nothing back, some will take all of your money and give a little back. No one breaks even on cloud mining. (Except perhaps some lucky short term traders, but I wouldn't recommend it.)

That's no different than claiming all mining is a scam because the fake company you tried to buy a miner from didn't send you one. If you bought a miner off a legitimate company and it didn't make you a profit would you call the company a scammer? Being a scam and being profitable are two completely different things. As for legitimate cloud mining services, check out Puppet's Cloudmining 101 thread.

As for profitability, compare AMHash to buying an SP20 for example:

AMHash
2.04 BTC for 1700 Gh/s, @ 310 USD/BTC = 632.4 USD
Maintenance costs: $2.64 per day (for 1700 GH/s)

SP20
659 USD (excluding shipping, local taxes and PSU cost) for 1700 Gh/s
Maintenance costs: 2.7648 USD @ 0.1 USD/kWh.