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 Cloud Mining - Cryptocurrencies

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SUSraynman
post Jul 14 2017, 06:44 PM

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QUOTE(Flame Haze @ Jul 14 2017, 06:37 PM)
raynman u reinvest all your returns on hashnest? For the next step I'm thinking of getting an L3 now and host it myself since I have an empty shop lot and can tamper with the electric meter so electricity is pretty much free
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If you have the necessary infrastructure and low electricity costs, by all means host your own miner.

By the way, you should get an L3+, not an L3. smile.gif

SUSraynman
post Jul 14 2017, 10:59 PM

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QUOTE(jack2 @ Jul 14 2017, 10:55 PM)
raynman

cool2.gif  cool2.gif
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jack2

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cool2.gif cool2.gif cool2.gif cool2.gif

SUSraynman
post Jul 14 2017, 11:09 PM

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QUOTE(xiaomoon @ Jul 14 2017, 11:05 PM)
1.08 ltc is ur daily payout?
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No. That was the payout for about a week.

I keep topping up the hashrate from 70 to 200 now.

For 200 MH/s, the average daily payout is 0.36 LTC. smile.gif

SUSraynman
post Jul 14 2017, 11:17 PM

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QUOTE(xiaomoon @ Jul 14 2017, 11:12 PM)
how to count to get 0.36?
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user posted image

SUSraynman
post Jul 14 2017, 11:20 PM

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QUOTE(evolution120 @ Jul 14 2017, 11:18 PM)
mind share where ya get this formulae?
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http://www.mycryptobuddy.com/LitecoinMiningCalculator/
SUSraynman
post Jul 14 2017, 11:23 PM

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QUOTE(jack2 @ Jul 14 2017, 11:22 PM)
rclxms.gif  rclxms.gif

From the 35LTC I sold?
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Yes! rclxms.gif rclxms.gif

SUSraynman
post Jul 14 2017, 11:28 PM

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QUOTE(evolution120 @ Jul 14 2017, 11:25 PM)
izit leave all columns as it is, only input the hashrate to calculate only?
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You can key in the power cost if you know the price per KwH.

If you don't know, then just key in the hashrate is fine.

SUSraynman
post Jul 14 2017, 11:30 PM

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QUOTE(jack2 @ Jul 14 2017, 11:26 PM)
Cool.. I will make another top up after Aug 1..  drool.gif
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I will be ahead by 6 LTC from you. biggrin.gif

SUSraynman
post Jul 14 2017, 11:40 PM

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QUOTE(evolution120 @ Jul 14 2017, 11:36 PM)
thanks mate,

any idea on hashnest's power cost?
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$0.0027 per KwH
SUSraynman
post Jul 15 2017, 12:02 AM

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QUOTE(jack2 @ Jul 14 2017, 11:57 PM)
Raynman is the richest guy here who has a lot of mining investment. laugh.gif
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Aiyah, don't make me malu lah.

Some guy here is going to buy twenty L3+ to host in his warehouse. biggrin.gif

SUSraynman
post Jul 15 2017, 06:21 AM

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The price of GigaWatt's WTT token has increased from $1.10 (price I bought) to $1.15 today.

Hurry, this $1.15 price will stay for another 2 weeks before it increases to $1.20.

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SUSraynman
post Jul 15 2017, 09:50 AM

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QUOTE(denimblue @ Jul 15 2017, 09:38 AM)
1. Buy from SHOP --- New mining machine and new hashrate added to the MARKET. Currently the L3/L3+ is out of stock at HashNest.

2. Buy from MARKET --- No new hashrate created. It is just transferring ownership of EXISTING hashrate.
*
You have a good grasp of Bitmain's business model. rclxms.gif

SUSraynman
post Jul 15 2017, 09:54 AM

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QUOTE(jack2 @ Jul 15 2017, 09:49 AM)
I thought buy from SHOP is buying the machine and get it shipped it to you?
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Did you read the bottom sentence?


SUSraynman
post Jul 15 2017, 10:00 AM

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QUOTE(denimblue @ Jul 15 2017, 09:59 AM)
I think they lump the L3 and L3+ under the same AntL3 plan.
The only difference is L3 has 250 MH/s and L3+ has 504 MH/s.
After all, they are selling only hashrate, NOT mining machines.
*
rclxms.gif

SUSraynman
post Jul 15 2017, 10:03 AM

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QUOTE(jack2 @ Jul 15 2017, 10:01 AM)
Of course they are selling the hashrate but they need to be backup by the machines in order to produce such hashpower and generate income from them.

If there is no machine to backup, hence it is ponzi scheme. laugh.gif
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I don't think Bitmain will risk their reputation by running ponzi schemes in their backyard. laugh.gif

SUSraynman
post Jul 15 2017, 01:26 PM

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QUOTE(denimblue @ Jul 15 2017, 01:17 PM)
You are thinking like a trader, but we are miners first. Generating coins is our first priority, not trading. smile.gif
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This is precisely why I created this spin-off cloud mining thread away from the main cryptocurrency trading thread.

Our objectives are very divergent, and it'll be chicken-and-duck talk when we converse.

SUSraynman
post Jul 15 2017, 01:28 PM

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QUOTE(terradrive @ Jul 15 2017, 12:48 PM)
Wooohooo just withdraw my first cloud mining coins hahhah. Waited for 14 days for the account hold because I inserted the wrong bitcoin address  sweat.gif  doh.gif
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Hashflare Lifetime Scrypt? biggrin.gif
SUSraynman
post Jul 15 2017, 01:42 PM

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QUOTE(dwRK @ Jul 15 2017, 12:46 PM)
About $0.0635 per KWh

My calculations based on L3+...

800W +10% = 880W = 0.88KW
0.88KW x 24h = 21.12 KWh ....(1)

Maint fee assumes include power...it only makes sense because it scales to MHS

0.00266 $/MHS-d x 504MHS = $1.34 per day ...(2)

So from 1 & 2... 1.34/21.12 = 0.0635 $/KWh
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Sorry, I meant $0.0027 per MH/s. biggrin.gif

SUSraynman
post Jul 15 2017, 01:58 PM

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Haha! A guy with a trading mindset will ask himself

"Should I buy the mining contract now or should I buy it 3 months later?".

In the end, he will never buy. Scared this scared that. laugh.gif
SUSraynman
post Jul 15 2017, 02:25 PM

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QUOTE(denimblue @ Jul 15 2017, 02:05 PM)
Hey raynman, why am I getting slightly more LTC today based on my HashNest's hashrate than the mining calculator?  hmm.gif
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QUOTE(jack2 @ Jul 15 2017, 02:11 PM)
Good ma.. not good meh...

I am going to pump 200MH/s

LOL rclxm9.gif
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The litecoin calculator is meant as a close approximation to the actual results of the mining process.

Bitmain's mining pool, called Antpool, is the largest bitcoin and litecoin mining pool in the world, and miners there consistently
have very good luck finding blocks. So it is not surprising that today may exceed the calculated results.

Maybe tomorrow may not be so lucky. biggrin.gif


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