WARNING: LOGIC AND LONG READING AND OPINIONS AHEAD TL;DR at bottom. (Too long, didn't read) I think that cloud mining just isn't ready. There are a few reasons why, and I will go over them right now. Cloud mining isn't ready because it's a vey new method and idea. There are some pros and cons of cloud mining, but at this point I see most of them as cons. There are lots of them and I don't feel like gonig through them all but I will go through the important ones. Cloud mining is, face it, expensive as hell. All my sources are of ZeusHash wich seem to be the lowest prices. It is 16 dollars per Megahash. Doing that calculations; this would pay off in about 142 days (litecoin) and that is if the exchange rates stay the same. I have absolutely no patience as most people. If you really want to do the math, you would earn eleven cents (USD) every day. That seems like a lot until the exchange rate changes. Sure, you don't have to manage the hardware and power costs, but here are the cons. You can't modify the hardware or overclock anything. All you see is the "main screen" and you can't see so much as the tempature of the hardware. Power costs? As far as I'm concerned, I can just put a solar pannel on my roof and be on my jolly way. The worst part? It takes away the fun of figuring out computer parts, and you actually have to wear pants (to work) if you want to when Cloud Mining takes over (nerds will understand, we love putting stuff together). Instead of walking upstairs to trobuleshoot, you would have to go contact the host and run through that. If you are mining alone, the only fees you are paying are the pool fees (if any). You can also point your miners to anything that you want. With cloud mining, the only options seem to be Bitcoin (and Litecoin on ZeusHash). With your own miners, you can point them to any coin in any pool. You can make them mine for a multi-pool and you aren't stuck with one pool. You are way more free with your hashing power as you should be. This is how I think cloud mining should run: You buy the miners. You can choose the pool and change it at any time. Overclocking adds a fee, but a very small one at that. You can set custom payouts, and point your miners to whatever. This is how cloud mining really runs: You can't choose your pool or coin. You have no option of when the payouts are, and you can't change the pools. At this point in time, cloud mining isn't ready. Don't sell your miners and keep them running. Here's what I am doing: TL;DR: I'm just buying a TINY bit of hashing power to support the whole idea of Cloud Mining and making it better, but I'll keep my Gaw Miner Fury's running at 2.5 mh/s earning me 28 cents (USD) per day. It's a good idea and it's changing fast. It will be good in the future, but now is not the time to be dumping EVERYTHING into it. As always, to the moon!
I believe bitcoin should be put to work earning a return, not sitting in a wallet. Bitcoin mining using standalone SHA-256 miners is mature and returns are not what they used to be last year. However very good returns with low risk can still be had mining litecoin and other altcoins. If you are not interested in running a miner at home because of noise or electric bills hosted mining might be what you are looking for. The problem is avoiding scams and knowing who the most profitable hosted mining providers really are. I would like to share a service I have been using for over six months with excellent returns. Litecoin GEAR sells hosted litecoin mining that has been returning 18 to 24% per week on your initial investment. You can expect to get your investment back in about a month then enjoy the profits. You can be paid out weekly in litecoin or bitcoin, your choice. Having earnings paid out in bitcoin turns your Litecoin GEAR account into the best earning bitcoin cloud miner, much more profitable than GAWMiners Genesis Hashlets or Genesis Mining. The company used to sell a wider range of litecoin miners but lately only the 1K6X 160 mH litecoin miner is usually in stock. The price is $1805 but if you use the coupon anniversary1yr when placing an order and pay by direct bitcoin transfer your cost is reduced to $847. That is the best deal available for cloud mining litecoin. Other companies like ZeusHash and GAWMiners return less than 10% per week and cost two to three times as much per mH. Visit Litecoin GEAR for more information or to place an order. Any questions just ask, will do my best to answer any concerns. This is the real deal: a litecoin cloud mining company in business over a year with no negative reviews and an active community at the Litecoin Forum. Altcoin Cloud Mining - Most Profitable Services
Be the first to write a review and let others know if ZeusHash is a scam or if it is legit. People Also Viewed. ... 48 reviews MICRO BTC! Bitcoin cloud mining platform Start bitcoin mining!... Submit a Review. Name *: Rating *: Review *: Bitcoin Address: ... ZeusHash, the cloud mining service operated by mining hardware company ZeusMiner, has announced that it may be forced to shut down its bitcoin cloud mining operations. One more cloud mining service provider fro mining Bitcoins, ZeusHash is a former Litecoin ASIC manufacturer that has moved their business model to provide Bitcoin cloud mining services. It is a Chinese company that already has a large mining operation and a lot of users and have been operating for a few months already. The Zeushash cloud mining platform has transferred its services to OxBTC. The new platform has a very promising pricing structure so clients can start cloud mining bitcoin from a price as low as $0.099 per GH/s that is beating the market average fees. There is also opportunity to buy further altcoin contracts. As reported over the weekend, Zeushash, the cloud mining operation of Chinese hardware manufacturer Zeusminer were facing uncertainty over their cloud mining service due to the low price of Bitcoin rendering the service unprofitable.As per their terms and conditions, contracts would be frozen if daily payouts of GHS weren’t able to cover maintenance fees for 10 consecutive days, leading to ...
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