[ANN] MiningSweden Official Announcement!

[MiningSweden]

Hello, We are MiningSweden,
a cloud mining company located in Lycksele, Sweden.
Our goal is to make it easy for anyone to start mining BitCoin and to
provide as much transparency as possible to gain
and, most importantly keep, the trust of our customers!

After the successful startup, there will be no more VIP shares
available. From that point on, we will only sell Mining shares a.k.a.
mining power.
These will again have all costs for 1 year included.
We plan to provide miner hosting in our DataCentre as we will have
fixed, cheap, electric rates and low cooling costs.

We have a partnership with gourl.io and more will follow in the near future!

As far as transparency goes, everyone is welcome to schedule a visit
to check the farm out.
Photos and videos of the farm will be available on the website as we
put assemble everything.
We will be happy to take calls and questions onto
E-mail - ms@miningsweden.se
Skype - miningsweden
Phone call - +46 90 695 43 00
Twitter - @MiningSweden
Facebook - MiningSweden
Working time (Monday - Friday 08:00 - 17:00 GMT +1).

We are looking for the best miners on the market and are actively
pursuing the idea of developing our own miners.

Our Payout Tracking Thread


We have been contacted by "BadBitcoins"
You can take a look how that went
BadBitcoin response



Join us for discussion on ur official Discussion Thread


The next batch of miners will be ordered next week!

Be a part of the future, a part of today, right now. Join us at
MiningSweden.
https://www.miningsweden.se/

[1715498617]

1715498617

[1715498617]

1715498617

[1715498617]

1715498617

[1715498617]

1715498617

[Syke]

As far as transparency goes, everyone is welcome to schedule a visit
to check the farm out.

If you want a quick and easy way to show transparency, simply publish the bitcoin address you are mining to and sign it to prove it is yours.

[MiningSweden]

As far as transparency goes, everyone is welcome to schedule a visit
to check the farm out.

If you want a quick and easy way to show transparency, simply publish the bitcoin address you are mining to and sign it to prove it is yours.

we are mining in a pool and this is the address where we get BTC from the pool and pay people out from 13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
as mentioned above u can track the payouts here: Payout Tracking Thread

 

[Syke]

we are mining in a pool and this is the address where we get BTC from the pool and pay people out from 13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
as mentioned above u can track the payouts here: Payout Tracking Thread

 

Good, I'll keep an eye on this.

[MiningSweden]

we are mining in a pool and this is the address where we get BTC from the pool and pay people out from 13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
as mentioned above u can track the payouts here: Payout Tracking Thread

 

Good, I'll keep an eye on this.

Glad to hear that!
Thank You!
If You have any questions don't hesitate to ask

[Syke]

Glad to hear that!
Thank You!
If You have any questions don't hesitate to ask

I have a guess which pool you are mining on. Would you state which pool you are using?

[arallmuus]

Glad to hear that!
Thank You!
If You have any questions don't hesitate to ask

from here https://blockchain.info/address/13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
I dont see any activites like mining instead of some ghost funds transferred there and pay to few several address
can you point out which pool you are mining on ?

[MiningSweden]

Sure, we use BTCGuild at the moment

[Syke]

Sure, we use BTCGuild at the moment

Good, that's what it looks like from my blockchain analysis.

[MiningSweden]

As the second batch of miners is on its way with DHL to Sweden, we have a special promotion code going on for 15% discount!
Coupon: ms15

But that's not all!
We have a package that is a Personal VIP Mining Package.
When you buy one of these packages you will get to put your own gold plate on the miner with your name or text of your choice.

Now there is a unique moment to be able to put your name on the first 2 Miners that we are setting up in Sweden. This moment will never return!


Visit www.miningsweden.se/product/personal-company-mining-package/ to secure this unique opportunity!


http://forum.coinbar.org/t/who-will-be-the-first-is-it-you/347

[MiningSweden]

Hello!

I'm back with exciting news!

Our new miners arrived and as promised we made a video!

here is the original announcement:
http://forum.coinbar.org/t/some-info-and-a-video-from-the-first-miners-at-miningsweden/319

and here is the video uploaded on Vimeo
https://vimeo.com/122345327

Regards, Mining Sweden!

[psybits]

Sure, we use BTCGuild at the moment

Good, that's what it looks like from my blockchain analysis.

So they are mining?

[Mabsark]

Sure, we use BTCGuild at the moment

Good, that's what it looks like from my blockchain analysis.

So they are mining?

Yes. The payments trace back to BTC Guild.

13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca (Payout address) < 14u1finZobAPzZHSDt1ZAoLfRWuBVcaNkV < 1HqMYmjsYyAsEf8papVQLFU48BbNa2eiA4 < 1K1LV33CaKmrh6gqQVVArtHCyeugN8hw9S < 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer (BTC Guild)

[Warren Buffet]

we are mining in a pool and this is the address where we get BTC from the pool and pay people out from 13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
as mentioned above u can track the payouts here: Payout Tracking Thread

 

Good, I'll keep an eye on this.

Glad to hear that!
Thank You!
If You have any questions don't hesitate to ask

Can u please post your rates in simple BTC/Ghs or USD/Ghs after excluding the maintenance fee ?

[MiningSweden]

we are mining in a pool and this is the address where we get BTC from the pool and pay people out from 13VeGaUy7etLcwJe3mbYxkEEDJfZYsu2Ca
as mentioned above u can track the payouts here: Payout Tracking Thread

 

Good, I'll keep an eye on this.

Glad to hear that!
Thank You!
If You have any questions don't hesitate to ask

Can u please post your rates in simple BTC/Ghs or USD/Ghs after excluding the maintenance fee ?

Hello!

Sry for the late reply,

The electricity cost of 1 year is included in the price of the products:)

[tyrexs]

are u offer cloud mining? how much 1 ghs ?

[MiningSweden]

are u offer cloud mining? how much 1 ghs ?

Hello,
please check the site for a bit more information:)

https://www.miningsweden.se/shop/

[IanFoxley]

I love the 20% extra we are going to get in our payouts next Friday.

BTC value per GH 2015-03-21 to 2015-03-27         0.00001077 BTC per share, per day and GH

This week due to good mining also an extra 20% payout

Next Payout day:               2015-03-27 and includes 7 days

Thanks very much for that.

Tack så  mycket!

Ian

[SlightSkill]

Asked for a refund/they seem like good guys just wanted more back end features i'm sure that will come in time.

[robertgoss]

anything special anything you wana point which can make user leave there miners and come rent from you ? i mean what special there is which you are offering

[SlightSkill]

got refunded,no questions asked. very timely and always available support via email, Will bookmark for the future. Great guys.

[MiningSweden]

anything special anything you wana point which can make user leave there miners and come rent from you ? i mean what special there is which you are offering

Well at the moment we are proud of our VIP shares which offer you a % of the companies profit.

We have just placed an order for 30 TH of Antminers S5 that will bring our farm up to about 45 TH when we get them online.

To celibrate this we run the coupon: ms15 with 15% discount on the shares the rest of this week.
So get your shares at www.miningsweden.se/shop/4

And as an extra this weeks payments will be 20% extra on the normal payouts.

Also we are working on a solution for payouts per hour that you can withdraw when you want to.

Proof of payment:
https://blockchain.info/address/1Jhvp61dNPGgrpcSzGBUNc7JsFVoB9De78

Original Thread:
http://forum.coinbar.org/t/bringing-mining-sweden-to-45-th/378

Regards
Mining Sweden

[MiningSweden]

Hello,

We will give you guys that has been asking for regular mining shares a chance to get some.

After payouts this friday I will release 100 packs including 250 mining shares
per pack. The price per mining share will be 0.69$ per share x 250
Shares = 172.5$ per pack.

https://www.miningsweden.se/product/mining-shares-250pack-rs250/

The packages will only be available this weekend and from Monday we are back with the VIP share sales.

During this offer there will be NO coupons valid and all affiliates will be set to 2.5%.

This offer helps us invest in more miners and also infrastructure around the farm.

We hope to see you this weekend in our order books helping us grow the farm.

PS. It will still be possible to buy the VIP packs over the weekend
And the new 30TH miners that we ordered are expected in next week

With regards
MiningSweden

[cryptojumper]

how long have they been around or just started this month?  looks like they have at least some credibility, maybe i'll try with a little amount..

[MiningSweden]

how long have they been around or just started this month?  looks like they have at least some credibility, maybe i'll try with a little amount..

We are a new cloud mining company, if you have any question feel free to ask,
For more information visit: http://forum.coinbar.org/c/mining/miningsweden
At the moment there is a groupbuy for our farm shares going on:
https://bitcointalk.org/index.php?topic=1003726.msg10899606#msg10899606

[flyingplows]

https://hashtalk.ch/topic/37694/miningsweden-pictures-videos-and-banners

Are you all legit and stuff? Why is this thread so short and why can't I find you rated and FUD'ed at Cloudmining 101 ?
Might be more legit than average scam it seems, but are you profitable? Doesn't look like a lot...

[bitcoin1985]

Roi after which day?

[hroub]

What happened to http://forum.coinbar.org/ 

Anyone mining here?
Whats the profitability like? payout percentage, prices, ROI?

[kapetan]

Cloud Mining Break Even Project http://cloudbreakeven.blogspot.com
with
invest2btc.slack.com  is an diversifying investment crypto currency group.

[StevenLiang]

how long have they been around or just started this month?   looks like they have at least some credibility, maybe i'll try with a little amount..

We are a new cloud mining company, if you have any question feel free to ask,
For more information visit: http://forum.coinbar.org/c/mining/miningsweden
At the moment there is a groupbuy for our farm shares going on:
https://bitcointalk.org/index.php?topic=1003726.msg10899606#msg10899606

Where the Thread Starter here? Not online from 27 march until today? (15 june) Lol
3 months take a nap?
Btw why all of your "forum and video" not looks like a legit one. (they are not openly for public view and for http://forum.coinbar.org, offline)

Our Payout Tracking Thread

We have been contacted by "BadBitcoins"
You can take a look how that went
BadBitcoin response

Join us for discussion on ur official Discussion Thread

3 months silent is a big problem

[manutdfan]

how long have they been around or just started this month?   looks like they have at least some credibility, maybe i'll try with a little amount..

We are a new cloud mining company, if you have any question feel free to ask,
For more information visit: http://forum.coinbar.org/c/mining/miningsweden
At the moment there is a groupbuy for our farm shares going on:
https://bitcointalk.org/index.php?topic=1003726.msg10899606#msg10899606

I bought 10 VIP mining shares 3 days back. So far it looks like a decent investment and a very transparent operation.
Considering that this is this is my first venture in bitcoin mining I'm treating it more of as a learning experience rather than an overnight money-spinning venture.
I posted a ticket but got no replies. I think it's better if I post it here:

RMCS10 grants me 10 VIP shares of 10GH for 12 months each totalling 100GH in all at a cost of $110.16 after coupon discount.

As stated on the payout screen- "Current BTC value from 2015-06-25          0.00001020 BTC per share, per day and GH"  
Hence my earnings come to- 0.00001020BTC X 10 VIP shares X 365 days X 10GH = 0.3723 BTC/annum X $267.41 (as on 15-08-2015) = $99.5 (approx)

As on date I stand to make a net loss of $10.66.

I had paid in INR through PayPal and hence the USD is a bit expensive for me.
However I understand that if USD/INR rates and BTC/USD appreciate in the future then I stand to gain.

My queries are-
1) If I do earn a share of the profits and it's added to my payout would it be sufficient to cover my loss of $10.66?
2) On expiry of my VIP contract after 12 months do I get any preferential treatment/ discounts for renewing my contract?
3) Are longer term (>12 months) contracts possible at the moment or is it possible to become a permanent member at all?
Had the existing contract been for 24 months or more my figures would have been rosier.

[sbtctalk]

Hi

I have positive encounters with Tommy and I believe I should share my experiences.


I got to know about MiningSweden through Badbitcoin.org where it listed MS as a trusthworthy service provider. After some searching, I stumbled upon a discussion somewhere in btctalk that related forum members' positive experiences of meeting up with MS founder Tommy in Sweden.

I am skeptical with cloud mining services despite some positive reviews on some major providers. I figured it is more ideal to own mining hardware but high electricity costs in my country will erode any gains that I may get from mining. MS happens to sell Antminer S5 miners and provide its hosting. It was sold as a package of US$570 which includes the miner with 6 months of hosting. Subsequent hosting can be renewed at US$42 each month (6 months package).

I see a beauty of this setup as I am essentially paying for maintenance and electricity fees upfront @ US 42 each month and I am more assured that the miners will not be cut off unlike a major cloud mining provider who terminate contracts if "mining becomes unprofitable". Since I see potential in bitcoins, I am more interested in keeping the miners up and running.


I've purchased two S5 from Tommy and the experience has been very positive. Upon completion of payment, I was asked to submit the pool details and the miner is up and running within two hours. One of the miners was purchased over a weekend and I did not expect any response until the following week. But within an hour, Tommy responded and got the miner up and running. That was impressive, IMHO. The miners so far have been hashing at the advertised rate +/- 5%, and remained stable.


The pool that I've selected alert miners if the machines went offline. For the past month, there were two instances when the miners went offline but Tommy responded swiftly after I alerted him through e-mail. Since I got an early alert from the pool operator that miners went offline, the downtime is negligible. Some may argue there is a need for 100% up-time since we've paid for it, but I believe that in life, there's always give-and-take; I rather develop a friendly, casual relationship rather than a strictly business-like relationship.


 

[crazyivan]

Cloud Mining Break Even Project http://cloudbreakeven.blogspot.com
with
invest2btc.slack.com  is an diversifying investment crypto currency group.

You do understand 80% of these links from cloudminingbreakeven are already dead or dyeing ponzies. Pls remove these links until some unsuspecting noob gets cauth. If u ve been so stubborn not to listen to me when I told u scrypt.cc s gonna crash, it does not mean other people need to suffer too.

[HarryKPeters]

Mining Sweden provices a solid service, but the business model is not profitable anymore. They buy the same asics for the same amount of money larger users do.
Sure they pay less for elecricty but if you compare their cloud mining with that of f.e. bitmain, hashnest, you see it's no match in terms of competion.

I have talked to Tommy a few time on hashtalk and he seems a nice guy, but in business it is about profits.

[MaritiJames3]

Cloud mining is not profitable anymore. I know from experience so trust me.
Those middle parties are forced to take such a big fee that it is not protitable for their users. No matter how low their electricity fees are...

[userghost]

Just bought 1TH in VIP shares. Up and running within an HR. The BTC I received was over the calculated rate of 1TH.

[wishxy]

I've just checked site and it's down. What's going on?

[IanFoxley]

I've just checked site and it's down. What's going on?

Sites ok for me, maybe their server provider they use for the user web interface was down or something.

This has happened a couple of times but shouldnt affect payouts.

[IanFoxley]

Hi

I have positive encounters with Tommy and I believe I should share my experiences.


I got to know about MiningSweden through Badbitcoin.org where it listed MS as a trusthworthy service provider. After some searching, I stumbled upon a discussion somewhere in btctalk that related forum members' positive experiences of meeting up with MS founder Tommy in Sweden.

I am skeptical with cloud mining services despite some positive reviews on some major providers. I figured it is more ideal to own mining hardware but high electricity costs in my country will erode any gains that I may get from mining. MS happens to sell Antminer S5 miners and provide its hosting. It was sold as a package of US$570 which includes the miner with 6 months of hosting. Subsequent hosting can be renewed at US$42 each month (6 months package).

I see a beauty of this setup as I am essentially paying for maintenance and electricity fees upfront @ US 42 each month and I am more assured that the miners will not be cut off unlike a major cloud mining provider who terminate contracts if "mining becomes unprofitable". Since I see potential in bitcoins, I am more interested in keeping the miners up and running.


I've purchased two S5 from Tommy and the experience has been very positive. Upon completion of payment, I was asked to submit the pool details and the miner is up and running within two hours. One of the miners was purchased over a weekend and I did not expect any response until the following week. But within an hour, Tommy responded and got the miner up and running. That was impressive, IMHO. The miners so far have been hashing at the advertised rate +/- 5%, and remained stable.


The pool that I've selected alert miners if the machines went offline. For the past month, there were two instances when the miners went offline but Tommy responded swiftly after I alerted him through e-mail. Since I got an early alert from the pool operator that miners went offline, the downtime is negligible. Some may argue there is a need for 100% up-time since we've paid for it, but I believe that in life, there's always give-and-take; I rather develop a friendly, casual relationship rather than a strictly business-like relationship.


 

Yes Tommy is a good fella, met him personally in the Summer and saw where the miners were working.. Of course not many believe that I went or that Tommy exists or Mining Sweden is real but Tommy did put an invite out where anyone could come along if they wanted and hardly anyone came and he tried at least to show he was transparent and real which in my case he was.

[userghost]

Start of a new year and still nothing on VIP shares, no info or payouts. He avoids all questions about. He may be a nice guy and all, but nice people sometimes do wrong things.

[sbtctalk]

Any body else has encounters with MS?

[brizio71]

The payout is dramatically decreased this month:

Current BTC value from 2016-04-25          0.000002815 BTC per share, per day and GH

I don't know why, because the bitcoin difficulty is decrease too ....so this value should increment and not reduced of about 50% since last months, then on web site payout page is stated:


The value is updated according to the market difficulty
https://bitcoinwisdom.com/bitcoin/difficulty

This is not true !!!

The previous value was:

 8th March the BTC Value is 0.00000605 BTC per share, per day and GH;
 December  was 0.00000805 BTC per share, per day and GH

can anyone explain me why this changes ?

Whit this value u will never get ROI !!!!

Thanks

[CHAOSiTEC]

The payout is dramatically decreased this month:

Current BTC value from 2016-04-25          0.000002815 BTC per share, per day and GH

I don't know why, because the bitcoin difficulty is decrease too ....so this value should increment and not reduced of about 50% since last months, then on web site payout page is stated:


The value is updated according to the market difficulty
https://bitcoinwisdom.com/bitcoin/difficulty

This is not true !!!

The previous value was:

 8th March the BTC Value is 0.00000605 BTC per share, per day and GH;
 December  was 0.00000805 BTC per share, per day and GH

can anyone explain me why this changes ?

Whit this value u will never get ROI !!!!

Thanks

i believe in facts speak louder than words, so enjoy looking into my assets and payouts since they are following below:

Current assets holding:


my orders:


Transaction History:



so, if you count all my payouts together, that equals = 0.5457 BTC, which is 244.20 USD
and all my orders = 269,80 USD, Which is 0,6034 BTC.

so the one that only quickly looks over this would say, but you havnt reached ROI

but look at my last order, which was 2016-03-30, for 54.60 USD

so lets calculate backwards:
269.80 - 54.60 = 215.20 USD which is (preev.com todays value) 0,4807 btc

and we look at the payouts:
0.5457 - 0.0419004 - 0.011314 = 0,4924856

so, i have reached ROI, hats off to tommy for actually going that extra mile to make sure we do reach ROI


i only deal in facts not hearsays, nor speculations...

[Ethey]

So your mad about reaching RoI or whats the fact that you are so mad
I mean maybe MS could give a Statement and as everything goes on it maybe will fix some time?

My Question would be the VIP Shares - At the Beginning they where offered as something special you would get paid later.

[CHAOSiTEC]

So your mad about reaching RoI or whats the fact that you are so mad
I mean maybe MS could give a Statement and as everything goes on it maybe will fix some time?

My Question would be the VIP Shares - At the Beginning they where offered as something special you would get paid later.

It was actually in response to the poster above me

so no mad guy here, rofl

[brizio71]

The payout is dramatically decreased this month:

Current BTC value from 2016-04-25          0.000002815 BTC per share, per day and GH

I don't know why, because the bitcoin difficulty is decrease too ....so this value should increment and not reduced of about 50% since last months, then on web site payout page is stated:


The value is updated according to the market difficulty
https://bitcoinwisdom.com/bitcoin/difficulty

This is not true !!!

The previous value was:

 8th March the BTC Value is 0.00000605 BTC per share, per day and GH;
 December  was 0.00000805 BTC per share, per day and GH

can anyone explain me why this changes ?

Whit this value u will never get ROI !!!!

Thanks

i believe in facts speak louder than words, so enjoy looking into my assets and payouts since they are following below:

Current assets holding:


my orders:


Transaction History:



so, if you count all my payouts together, that equals = 0.5457 BTC, which is 244.20 USD
and all my orders = 269,80 USD, Which is 0,6034 BTC.

so the one that only quickly looks over this would say, but you havnt reached ROI

but look at my last order, which was 2016-03-30, for 54.60 USD

so lets calculate backwards:
269.80 - 54.60 = 215.20 USD which is (preev.com todays value) 0,4807 btc

and we look at the payouts:
0.5457 - 0.0419004 - 0.011314 = 0,4924856

so, i have reached ROI, hats off to tommy for actually going that extra mile to make sure we do reach ROI


i only deal in facts not hearsays, nor speculations...

OK, maybe you was lucky because start 1 years ago and you have reach the ROI,
but now with this payout per share is impossible reach the ROI,
then why the payout has decrease about  75% from beginning of March (util 8th march was 0.00000805 BTC per share an now is 0.000002815 BTC per share) the price to buy per share is about the same.

The difficulty to make BTC in getting down, that is use to calculate the payout per share is decrease as you can see from the link ( https://bitcoinwisdom.com/bitcoin/difficulty ) directly posted on web site !

I'm wrong ?

[CHAOSiTEC]

The payout is dramatically decreased this month:

Current BTC value from 2016-04-25          0.000002815 BTC per share, per day and GH

I don't know why, because the bitcoin difficulty is decrease too ....so this value should increment and not reduced of about 50% since last months, then on web site payout page is stated:


The value is updated according to the market difficulty
https://bitcoinwisdom.com/bitcoin/difficulty

This is not true !!!

The previous value was:

 8th March the BTC Value is 0.00000605 BTC per share, per day and GH;
 December  was 0.00000805 BTC per share, per day and GH

can anyone explain me why this changes ?

Whit this value u will never get ROI !!!!

Thanks

i believe in facts speak louder than words, so enjoy looking into my assets and payouts since they are following below:

Current assets holding:

my orders:

Transaction History:

so, if you count all my payouts together, that equals = 0.5457 BTC, which is 244.20 USD
and all my orders = 269,80 USD, Which is 0,6034 BTC.

so the one that only quickly looks over this would say, but you havnt reached ROI

but look at my last order, which was 2016-03-30, for 54.60 USD

so lets calculate backwards:
269.80 - 54.60 = 215.20 USD which is (preev.com todays value) 0,4807 btc

and we look at the payouts:
0.5457 - 0.0419004 - 0.011314 = 0,4924856

so, i have reached ROI, hats off to tommy for actually going that extra mile to make sure we do reach ROI


i only deal in facts not hearsays, nor speculations...

OK, maybe you was lucky because start 1 years ago and you have reach the ROI,
but now with this payout per share is impossible reach the ROI,
then why the payout has decrease about  75% from beginning of March (util 8th march was 0.00000805 BTC per share an now is 0.000002815 BTC per share) the price to buy per share is about the same.

The difficulty to make BTC in getting down, that is use to calculate the payout per share is decrease as you can see from the link ( https://bitcoinwisdom.com/bitcoin/difficulty ) directly posted on web site !

I'm wrong ?

Then answer me the following question:

if you bought 1000 GH, do you expect to be paid for more than those 1000 GH?

since reality is, you are getting paid for exactly what you paid for, and the payment you are recieving is the current average per day
as per bitcoinwisdom, at current diff... reasons for the higher payments before is because he could, he had more GH not bought by anyone,
and gave some of that back to his customers. that i bet you would never get if you had bought from hashness or some of the other
mining companies....

[4theLOVEofCrypto]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

[CHAOSiTEC]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

sadly, no one can predict how mining will be into the future, since it all depends on several factors

the bottomline i was trying to make, those that bought from miningsweden, got exactly what they paid for, and some more (since they did not adjust payouts as fast as the real payout calculated by
bitcoinwisdom)

there is nothing wrong with the service, the problem is, its becoming harder in general to ROI at current mining conditions...

and it doesnt matter where you buy you hashing from, or do it from home.... (unless you have free electricity that is)

[4theLOVEofCrypto]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

sadly, no one can predict how mining will be into the future, since it all depends on several factors

the bottomline i was trying to make, those that bought from miningsweden, got exactly what they paid for, and some more (since they did not adjust payouts as fast as the real payout calculated by
bitcoinwisdom)

there is nothing wrong with the service, the problem is, its becoming harder in general to ROI at current mining conditions...

and it doesnt matter where you buy you hashing from, or do it from home.... (unless you have free electricity that is)

You are right.

Legit cloud mining will never be profitable.  And Mining Sweden is a real company with real miners.  But the payout rates need to be visible on the page otherwise it's straight up deceitful.   You think anyone would invest in MS if they knew they wouldn't ROI?  Absolutely not.  I know i wouldn't.  He would get no funding and the project would fail.  Which makes him a slimy salesman.  You find out once you invest. 

Good luck getting future investors because i can guarantee you most current investors will not be back to renew contracts once their year term is over.  Which also means tommy will close up shop (just a hunch).

[brizio71]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

sadly, no one can predict how mining will be into the future, since it all depends on several factors

the bottomline i was trying to make, those that bought from miningsweden, got exactly what they paid for, and some more (since they did not adjust payouts as fast as the real payout calculated by
bitcoinwisdom)

there is nothing wrong with the service, the problem is, its becoming harder in general to ROI at current mining conditions...

and it doesnt matter where you buy you hashing from, or do it from home.... (unless you have free electricity that is)

This means that if u buy new share u will loose your money !

[CHAOSiTEC]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

sadly, no one can predict how mining will be into the future, since it all depends on several factors

the bottomline i was trying to make, those that bought from miningsweden, got exactly what they paid for, and some more (since they did not adjust payouts as fast as the real payout calculated by
bitcoinwisdom)

there is nothing wrong with the service, the problem is, its becoming harder in general to ROI at current mining conditions...

and it doesnt matter where you buy you hashing from, or do it from home.... (unless you have free electricity that is)

This means that if u buy new share u will loose your money !

not nessesarily, again, depends on how you buy (USD), current diff, future diff, future btc value so you cannot say definately that you will not roi, it depends on the future...

[WestHarrison]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

sadly, no one can predict how mining will be into the future, since it all depends on several factors

the bottomline i was trying to make, those that bought from miningsweden, got exactly what they paid for, and some more (since they did not adjust payouts as fast as the real payout calculated by
bitcoinwisdom)

there is nothing wrong with the service, the problem is, its becoming harder in general to ROI at current mining conditions...

and it doesnt matter where you buy you hashing from, or do it from home.... (unless you have free electricity that is)

This means that if u buy new share u will loose your money !

not nessesarily, again, depends on how you buy (USD), current diff, future diff, future btc value so you cannot say definately that you will not roi, it depends on the future...

Basically never put BTC in. If you feel adventurous only put in fiat and even then it's a crapshoot.

[4theLOVEofCrypto]

The only way to roi is if fiat was used from day 1.  If you used btc to purchase MS shares, ROI is impossible and that is a fact.  Tommy dropped prices starting around black friday to get more customers.  Then kept dropping to sell out of his vip shares.....which he also did.  Had i realized that mining payouts would drop so much so quickly (stayed at 0.00001220 per GH per day for 6 months until Dec. 2015)....i would have only used cash.  I am 6 btc from roi......which will never happen unless the VIP shares pay out anything.  But for those i have my doubts as well, since Tommy hasn't mentioned anything about them.  Come on....how long does accounting take in Sweden?  It has been a month.  That's some slow ass boarderline retarded accounting.  

Yep....he's got some retarded accountants.  More freakin delays and just utter stupidity.  Read his latest news if you want a good laugh.  Tommy, you are a Dbag.  Go "F" yourself.

[4theLOVEofCrypto]

And here is another food for thought into the shadiness of Tommy and Mining Sweden:

On 25Apr16, in the news section he stated that they closed down their S5 miners because it was no longer profitable, and they took out the payouts for those.

So basically if you had any mining contracts for the S5's they removed the shares from your account and thats it.  No conversion rate to S7 mining or anything.  Just gone.  When you buy the mining contracts you are entitled to payouts for 12 months including all costs.  If you bought in late last year, your contract was less than a year so this is a blatant lie. 

Thanks for nothing Tommy....

[sbtctalk]

I am disappointed that Mining Sweden did not inform their customers in advance before turning off the power for some of their services.

[Skatter]

I think tommy is doing business as any business should be running. I have roi'd but i have been in since day 1
Tomorrow we find out what we get for our VIP shares

[Shweeden]

I think tommy is doing business as any business should be running. I have roi'd but i have been in since day 1
Tomorrow we find out what we get for our VIP shares

Absolutely nothing. Just announced there will be no VIP payments and mining will stop.

It was obvious as of February they were never going to pay. Every month another reason to push back the payments.
Then it was the "accountants" had tens of thousands of payments to process so it's taking time, then payouts stopped because the plugin wasn't working, now it's "we overpaid all year anyway so we won't pay VIP shares and I'm tired of the angry emails about how we were supposed to pay months ago so I'm done doing this anymore and mining is stopping".

[amacar2]

So these guys are trying to shut down the service? so what about the initial payment they have sended to site to buy those mining rigs or it is just a virtual rigs they have sold?

Seems like another cloud mining site goes down like expected.

[Shweeden]

All I know for sure is I'm due my last payout because it's still pending and got no end of year payment as advertised.

They changed the goalposts. They stated from the very start they would pay through the year from mining and share the profits at the end. The last few months promises over and over they will payout the vip shares and now are saying oh no we won't be paying that because we were paying more from mining over the year, like that was something they weren't aware of.

If they were overpaying instead of paying shares at the end of the year they should have made that clear. They already acknowledged a while back they knew they were overpaying mining payouts but still said they would pay vip shares.

I'd say they should make their books public but I don't believe they even have accountants doing their numbers.

[mahvia]

I just calculated my stats together.. joined MS 11 monts ago. invested 3 times, totalling 195 $
and got back ca 0.41 btc
so it's not bad but not good either
the thing is that even though he paid more out than he should (IF, as i don't feel like checking and calculating it myself) those who bought just mining shares win more and those who bought with VIP shares, lost more because VIP shares gives nothing atm. Can hardly wait what happens next year with those VIPs 
Feeling kind a sorry for Tommy or who ever he is as he tried good thing badly. Makes me feel better than with LTCGear..

[In101]

More trusted feeds who know admin personally?

[sbtctalk]

Re-sharing what I posted earlier about MS.

I share OP's concerns with Mining Sweden.

I had miners hosted with them and they unilaterally switched them off without prior notifications. It was about a month before I noticed something was amissed and after that I emailed them and was told by that they stopped hosting services.

I am disappointed I was not notified prior.

Did you actually send them miners? Have you gotten them back? Were you able to control what pool they mined on while they were up and running?

No. I did not send them miners but I purchased 2 of these:

https://www.miningsweden.se/product/antminer-s5-hosted-miningsweden/

Product Description

1 Antminer S5, 1155GH (+-5%)

AND

6 month hosting @ miningsweden

incl shippment to Sweden, Customs, PSU and VAT

The miner is behind a firewall but you provide us with pool information and we will setup the miner to run against it.

You can get your Miners sent home to you when you want at shipment costs.

Coupons NOT Valid!

Included:
6 month contract 75$ per kwH/month (ANtminer S5, 0.56kwh/m * 75$ = 42$ x 6 = 252$ )

https://www.miningsweden.se/product/6-month-contract-75-per-kwhmonth-antminer-s5/

The shopping item is one S5 miner and 6 months of hosting service with them.

Throughout the 4 months of usage, there were several outages which lasted few hours or one or two days. But Tommy would react fast on e-mail and reset the miners, or he could turn on other miners to give me extra hash rate to compensate for lost time. I am fine with it because I believe in give-and-take.

MiningSweden doesn't allow you to switch pools, or they implied they don't allow. After I submitted my first pool info to them, they did not reply to my e-mails regarding request to change pools. I'm okay with it actually.

I'm your typical casual customers, as long as the miners are turned on and running smoothly, I will leave things as it is. As long as things are solved, I will leave it as it is.

But I am particularly annoyed when I realised the miners were down for more than a month and Tommy did not give an update what is going on until I e-mailed him and he simply replied the miners were switched off. All these were done without prior notification. This is annoying.

I filed a Paypal chargeback against MS [Yup. I am very annoyed], and the chargeback failed with the following reason:

Status

After careful consideration, we're unable to decide this claim in your favour at this time.

The item violates the PayPal Acceptable Use Policy. It's ineligible for PayPal Buyer Protection.

[Shweeden]

In a strange turn of events KNCMiners who are next door to miningsweden just announced bankruptcy


http://news.valubit.com/2016/05/27/bitcoin-mining-firm-kncminer-declares-bankruptcy/

[sbtctalk]

Anyone else affected by MiningSweden?

[malickie]

Been waiting on a payout of .01 something since the 25th, and if I read between the lines correctly, doesn't sound like I will be seeing that BTC anytime soon, if at all.  Quite an annoyance for sure.

[Beachguy]

Really not sure why he continues to accumulate and show a payout .....
since he has no intention of doing it when requested.
Sad.....in the beginnng he said he was different.

[Newcoins2020]

Really not sure why he continues to accumulate and show a payout .....
since he has no intention of doing it when requested.
Sad.....in the beginnng he said he was different.

What wonders me 2 months after his official announcement it's over. That is a world record, even for bitcoin standard.
LIke they didn't know 2 months ago they wouldn't make it... right?

[OrganicNomad]

Does anyone know the status of MiningSweden?

I kinda forgot about my shares here and logged in the other day to withdraw whatever had accumulated on my account. This is when I found out they've shut down. I'm way behind on news here..

My account says it has 0.6 something BTC. I requested a payout a week ago and still waiting.. Sent emails and opened a support ticket but no ones answering. Tried calling their phone number but it seems to be disconnected.

Does anyone have any way to contact Tommy as he was quite a public figure.. people even met him in person. This guy wasn't trying to hide as far as I know.

Should I expect the worst?

[WestHarrison]

Sorry to tell you this but Tommy exit scammed everyone basically, claiming he was losing money and that it wasn't profitable. 

[Sithra]

Sorry to tell you this but Tommy exit scammed everyone basically, claiming he was losing money and that it wasn't profitable. 

Bet it's profitable for Tommy now with all of those un-refunded Bitcoins worth over 5 grand each ...

[mahvia]

Sorry to tell you this but Tommy exit scammed everyone basically, claiming he was losing money and that it wasn't profitable. 

Bet it's profitable for Tommy now with all of those un-refunded Bitcoins worth over 5 grand each ...

yeah, with current BTC price...

[felicita]

this looks closed i also made a payout to my btc adress but nothing happend until now.
only one clound mining who is paying me is GM.




regards