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 Cloud Mining - Cryptocurrencies

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SUSraynman
post Jul 5 2017, 11:14 PM

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Read it properly.

The WTT token only covers RENTAL.

Tokens are effective for 50 years.

We pay for electricity at 2.8 cents per KwH.

We pay for maintenance fees at 0.5 cents per KwH.

Electricity and maintenance fees are deducted from the daily mining payout.

Electricity rates are the cheapest in the world.
cofin
post Jul 5 2017, 11:17 PM

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How to get Hashflare 10% discount ?
Nidz
post Jul 5 2017, 11:18 PM

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QUOTE(Leon be here now @ Jul 5 2017, 11:08 PM)
1) purchace L3+ from gigawatt (not bitmain)?
880 token cover costs of hosting, electric, setup and maintenance of the miner for 50 years?? hummm
i dont get how they work? that is supper cheap maintenance fee? or is it expected that the token price to increases in future?
is token tradable like crypto?

https://bitcointalk.org/index.php?topic=1914900.0

it states:
"Each Giga Watt Token (WTT) represents the right to sue the Giga Watt processing center's capacity, rent-free for 50 years, to accomodate 1 Watt's worth of mining equipment power consumption."

= sounds like rent,host, electricity, maintenance free for 50 years to me.
but then....

it states:
"Usually, Giga Watt charges hosting fees which covers the rent of facility capacity, and electricity and maintenance.
Token owners pay no rent, which further slashes ongoing cost."

token owners pay no rent, what about electricity and maintenance on my hardware? i guess the electricity is going to be the biggest cost.

assume they sell all 30m tokens for USD1.1 = they will have 33mil is enough for them to pay/rent land, build pods, and pay for electricity + maintenance for 50 years??
what if electricity cost doubles in his area in the next 2 years?

for 880 tokens = USD968 assume i mine for 2 years only, that is USD 40 a month how is that going to cover their cost of rent/electricity? thats only 2 years not 50 year
if 50 years its only USD1.6 a month?
Am I missing something????

rayman have you read their 29 page whitepaper ? lol
i getting keen on this idea, will probably have to read it myself soon before i buy in.
*
IINM, they still charge 7.5 cents per kW/h for electricity and maintenance. Only setup fee and facility rental fee are waived.

cofin
post Jul 5 2017, 11:18 PM

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QUOTE(Leon be here now @ Jul 5 2017, 11:13 PM)
are you getting the
"Not eligible for checkout process. Requested amount (USD ) for x11 mining exceeds maximum daily amount (USD 100). Spent today already: USD"

I getting this too, i think what happen to me was i proceeded to the payment page without paying as I was reading on their tnc and waiting for raynman 3% code, maybe they giving me a timeout.
*
No ....mine was after payment their payment gateway Simplex reject my payment
SUSraynman
post Jul 5 2017, 11:19 PM

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QUOTE(cofin @ Jul 5 2017, 11:17 PM)
How to get Hashflare 10% discount ?
*
You only get the 10% discount of your referree hashplan when they use your referral code.

The concept is not the same as Genesis.

cofin
post Jul 5 2017, 11:20 PM

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QUOTE(raynman @ Jul 5 2017, 11:19 PM)
You only get the 10% discount of your referree hashplan when they use your referral code.

The concept is not the same as Genesis.
*
Ohh.....so i only get the 5% discount code now
SUSraynman
post Jul 5 2017, 11:23 PM

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QUOTE(Nidz @ Jul 5 2017, 11:18 PM)
IINM, they still charge 7.5 cents per kW/h for electricity and maintenance. Only setup fee and facility rental fee are waived.
*
7.5 cents for electricity and maintenance is only for those without tokens.

For those with tokens, the total electricity and maintenance is 3.3 cents per KwH.

The difference of 4.2 cents is for RENTAL of the facility, which token owners do not need to pay.

cofin
post Jul 5 2017, 11:35 PM

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damn .....lucky that Genesis Mining Bitcoin mining didnt went through.

Hashflare is much cheaper than them ......and my card payment went through easily

Goddammit Genesis Mining
SUSraynman
post Jul 5 2017, 11:45 PM

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For info.

One of our member has bought a L3+ directly from Bitmain to mine in his own house. biggrin.gif




QUOTE(Chelsea-Fan @ Jul 5 2017, 11:03 PM)
I just bought Antminer L3+ 504 Mh/s from Bitmain today.  biggrin.gif

Antminer L3+ = 40 LTC / $ 2136
PSU              = $115
Shipping DHL = $ 91.08
Total              = $ 2342.08

Shipping out date Sept 21 to 30

Previous July batch was only $ 1370. They jack up the price to $2100 because LTC price had increased and become profitable.

You can buy now at cheaper price because LTC price drop slightly compared to this morning.
*
HHCC
post Jul 6 2017, 12:26 AM

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Now I know why we are unable to buy Dash contracts. Limit to USD90 per day (next increment is USD120).

Anyway, my conclusions

1) their CS dept response time is very good - less than 24 hours which in turn reflects the standing of the company
2) even if you scream "please take my money" they will not (so is Genesis a scam, a Ponzi scheme?)
3) demand for Dash contracts are being snapped up like nobody's business especially by one forumer here whom I shall not named biggrin.gif biggrin.gif

I am just not feeling it for GW mining even after reading their whitepaper and doing some research. Will give it a pass. My war chest not very big anyway unlike 3 guys here whom I shall not named again biggrin.gif biggrin.gif biggrin.gif
SUSraynman
post Jul 6 2017, 05:12 AM

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QUOTE(HHCC @ Jul 6 2017, 12:26 AM)
user posted image

3) demand for Dash contracts are being snapped up like nobody's business especially by one forumer here whom I shall not named  biggrin.gif  biggrin.gif
Who is this guy? biggrin.gif

This post has been edited by raynman: Jul 6 2017, 05:15 AM
SUSraynman
post Jul 6 2017, 05:25 AM

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I am not alone.

There is another GigaWatt customer here. biggrin.gif

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SUSdenimblue
post Jul 6 2017, 08:14 AM

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QUOTE(raynman @ Jul 5 2017, 11:45 PM)
For info.

One of our member has bought a L3+ directly from Bitmain to mine in his own house. biggrin.gif
*
Good luck coping with the noise from the L3+.

It is like operating a vacuum cleaner in the house 24/7. laugh.gif



jack2
post Jul 6 2017, 08:26 AM

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Anyone who wants to buy LTC, you may PM me or telegram.


SUSraynman
post Jul 6 2017, 08:26 AM

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DASH price is now $206! rclxm9.gif
jack2
post Jul 6 2017, 08:29 AM

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QUOTE(denimblue @ Jul 6 2017, 08:14 AM)
Good luck coping with the noise from the L3+.

It is like operating a vacuum cleaner in the house 24/7. laugh.gif


*
Damn noisy la... cry.gif
SUSraynman
post Jul 6 2017, 08:33 AM

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QUOTE(jack2 @ Jul 6 2017, 08:29 AM)
Damn noisy la... cry.gif
*
I want peace and quiet in my house.

Strictly no mining rigs to disturb me.

That's why I opt for cloud mining and remote hosting. biggrin.gif

SUSraynman
post Jul 6 2017, 09:01 AM

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I laugh when I see the L3+ selling for USD6K+ on Amazon.

Got people buy meh? laugh.gif

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kievlueen
post Jul 6 2017, 09:05 AM

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Guys , beside dash still got which crypto currency we can go for it ?
SUSraynman
post Jul 6 2017, 09:06 AM

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Here is a review of the L3+



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