[ANN] ☁ MineThatCloud ☁ SHA-256 - 0.00087 BTC/GHs ☁ Cloud Mining Service ☁

[Mabsark]

What are your maintenance fees?

Also, will you be providing any of the evidence puppet asks for in his Cloudmining 101 thread in order to prove your legitimacy?

Hi Thank You for your post.

We just noticed puppets post and will be providing evidence shortly.

As for maintenance fees.

Datacenter in UK.

£6,608 Per Month, We have 4 Full Racks Rented out
£0.17 Per Kwh

Datacenter in France.

€8,526 Per Month, We have 4 Full Racks Rented out
€0.26 Per Kwh

17p per kWh is 0.26 $/kWh. On average, at the current difficulty you'll mine 0.00001144 BTC/GH/day. At 0.26 $/kWh, a 0.5 J/Gh miner would cost 0.00001752 BTC/Gh/day to run at a price of 178 $/BTC meaning you would lose 0.00000608 BTC/GH/day. In fact, with a 0.5 J/Gh miner you'd lose money unless the bitcoin price was above 273 $/BTC.

[1715302817]

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[1715302817]

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[MineThatCloud]

As for maintenance fees.

Datacenter in UK.

£6,608 Per Month, We have 4 Full Racks Rented out
£0.17 Per Kwh

Datacenter in France.

€8,526 Per Month, We have 4 Full Racks Rented out
€0.26 Per Kwh

Let me know if I'm understanding this correctly.

You pay ~$18,000 USD per month for hosting of your 154 TH/s.

154 TH/s earns $315/day or $9500/month.

So you are asking for $25,000 for 154 TH/s which produces a loss of $8500/month for 12 months? (assuming difficulty doesn't increase which it will)

We dont have 154 TH/s, We have 354 TH/s.

We make ~16,500 GBP - ~$25,500 Per month using our mining hardware.

sure we are worried about losing money at the moment due to the decreased price but we are positive this will increase and of course hardware goes out of date we will need to cross that bridge when we come to it.

[MineThatCloud]

Posts with unfounded hatred or just posting the words "scam" or "ponzi" will be deleted immediately
If you believe you have found an issue please post in this thread with what you have found and we will explain
attempts to put our user base off with no specific reason will not be tolerated

[clownius]

As for maintenance fees.

Datacenter in UK.

£6,608 Per Month, We have 4 Full Racks Rented out
£0.17 Per Kwh

Datacenter in France.

€8,526 Per Month, We have 4 Full Racks Rented out
€0.26 Per Kwh

Let me know if I'm understanding this correctly.

You pay ~$18,000 USD per month for hosting of your 154 TH/s.

154 TH/s earns $315/day or $9500/month.

So you are asking for $25,000 for 154 TH/s which produces a loss of $8500/month for 12 months? (assuming difficulty doesn't increase which it will)

We dont have 154 TH/s, We have 354 TH/s.

We make ~16,500 GBP - ~$25,500 Per month using our mining hardware.

sure we are worried about losing money at the moment due to the decreased price but we are positive this will increase and of course hardware goes out of date we will need to cross that bridge when we come to it.

So your making about $500 per month (across 354TH/s) at this point with the price of bitcoin still dropping.  Sounds extremely unprofitable to put it mildly.

Where do you find the 7% for the affiliate program never mind the ability to pay the miners as your not even making that much?

[MineThatCloud]

As for maintenance fees.

Datacenter in UK.

£6,608 Per Month, We have 4 Full Racks Rented out
£0.17 Per Kwh

Datacenter in France.

€8,526 Per Month, We have 4 Full Racks Rented out
€0.26 Per Kwh

Let me know if I'm understanding this correctly.

You pay ~$18,000 USD per month for hosting of your 154 TH/s.

154 TH/s earns $315/day or $9500/month.

So you are asking for $25,000 for 154 TH/s which produces a loss of $8500/month for 12 months? (assuming difficulty doesn't increase which it will)

We dont have 154 TH/s, We have 354 TH/s.

We make ~16,500 GBP - ~$25,500 Per month using our mining hardware.

sure we are worried about losing money at the moment due to the decreased price but we are positive this will increase and of course hardware goes out of date we will need to cross that bridge when we come to it.

So your making about $500 per month (across 354TH/s) at this point with the price of bitcoin still dropping.  Sounds extremely unprofitable to put it mildly.

Where do you find the 7% for the affiliate program never mind the ability to pay the miners as your not even making that much?

Its true, With the current price as low as it is, we are not making that much if anything. But we dont want to just end it here, we want to trust the bitcoin price will rise again.

as for the affiliate scheme, we need to advertise, We have to. We have forcasted that there wont be "too many" affiliated purchases.

We have only just started, we dont want to end. We believe in the long run we can be succesful in profits for miners and us as a service.

[clownius]

Honestly if you can shelve the project without great loss do so and see if the price of BTC goes up and/or difficulty goes down.  Otherwise you and your investors are in a world of hurt.

A lot of established (some even legitimate) cloud mining services are falling apart right now.  Bad time to try a risky start up

[MineThatCloud]

Honestly if you can shelve the project without great loss do so and see if the price of BTC goes up and/or difficulty goes down.  Otherwise you and your investors are in a world of hurt.

A lot of established (some even legitimate) cloud mining services are falling apart right now.  Bad time to try a risky start up

Well, We have predicted a small loss for the coming month due to Bitcoins price. This is only a small loss for us though and wont affect our user base, We see that our user base is the most important aspect of this service and keeping true to that will eventually allow us all to make profits. Keeping a dedicated happy user base.

I understand some other cloud mininig services are falling apart right now but we have a comfortable startup budget from an investor who wants to carry on in the direction we are going.

However, Thank You for your honest advice.

[Mabsark]

What miners are you using?

[Sam the Man]

https://i.imgur.com/eE6flrH.png

Another good incentive here..
With the free trial things have started brightly

Has anyone made anything from the affiliate scheme yet??

I really think bitcoin value is gonna go real high again so I hope you do stick to it.

Posts with unfounded hatred or just posting the words "scam" or "ponzi" will be deleted immediately
If you believe you have found an issue please post in this thread with what you have found and we will explain
attempts to put our user base off with no specific reason will not be tolerated

I like this I think people are right to be wary and think things through but I hate the people thinking they are always right, every single new idea and service on here you see the same people posting the same things...

[Syke]

We dont have 154 TH/s, We have 354 TH/s.

We make ~16,500 GBP - ~$25,500 Per month using our mining hardware.

sure we are worried about losing money at the moment due to the decreased price but we are positive this will increase and of course hardware goes out of date we will need to cross that bridge when we come to it.

If you have the most efficient miners available, and have them underclocked for maximum efficiency of .5 J/GH, your 354 TH/s costs $33,000 per month at your least expensive facility. You are running at a massive loss right now.

Can you show your mining address to prove that you actually have the stated hashrate?

What company and/or individuals are running this business?

[MineThatCloud]

https://i.imgur.com/eE6flrH.png

Another good incentive here..
With the free trial things have started brightly

Has anyone made anything from the affiliate scheme yet??

I really think bitcoin value is gonna go real high again so I hope you do stick to it.

Posts with unfounded hatred or just posting the words "scam" or "ponzi" will be deleted immediately
If you believe you have found an issue please post in this thread with what you have found and we will explain
attempts to put our user base off with no specific reason will not be tolerated

I like this I think people are right to be wary and think things through but I hate the people thinking they are always right, every single new idea and service on here you see the same people posting the same things...

Thank You.

you will always get haters posting the same stuff. I see it on threads day in day out on Bitcointalk.

[Dilemma]

how can we join signature campaign
i am newbee and i cant use that code ?
can i join signature campaign?

[avw1982]

I like the signature campaign. 

[MineThatCloud]

I like the signature campaign.  

Thank You for displaying our signature.

We wish you many refferals

300 GH/s has been added to your account.

[avw1982]

I like the signature campaign.  

Thank You for displaying our signature.

We wish you many refferals

300 GH/s has been added to your account.

Thanks. Where could I see it on your website? I don't see it at My Account.

--See it now.

I see your template isn't that nice. Sorry   I could make a smoother one for you if you like. Just send me a PM.

Ow and at the Affiliate Scheme I see payments which are not mine.

[MineThatCloud]

I like the signature campaign.  

Thank You for displaying our signature.

We wish you many refferals

300 GH/s has been added to your account.

Thanks. Where could I see it on your website? I don't see it at My Account.

--See it now.

I see your template isn't that nice. Sorry   I could make a smoother one for you if you like. Just send me a PM.

Thats Good, I had put the request through but it appeared it had not be completed. I just "repushed" the request for you... Appears to be added now.

Payments will be at 13:00 GMT Every Day.

[Dilemma]

I like the signature campaign.  

Thank You for displaying our signature.

We wish you many refferals

300 GH/s has been added to your account.

And what about newbie's
is there a signature for us?

[MineThatCloud]

I like the signature campaign.  

Thank You for displaying our signature.

We wish you many refferals

300 GH/s has been added to your account.

And what about newbie's
is there a signature for us?

You can put the following, But because its not linkable we are only willing to provide 100 GH/s.

40 Characters:

Code:

minethatcloud.com/?affiliate_id=xxxxx ☁ 

[MineThatCloud]

Daily Payment Complete
15-01-2015

https://blockchain.info/tx/d33578de5595b8be94d05baceec980c208645ec4004d4341fcb4ece3fcbb0d2a

[FirestarterX]

Signature added!