Cloud Mining - Cryptocurrencies
|
|
 Jul 5 2017, 11:03 AM
Return to original view | Post
#1
|
 
Senior Member
814 posts Joined: Oct 2009  
|
Anyone care to share some insights on benefits of cloud mining vs holding coins?
Have about 2 btc now since I started trading last month with 0.4btc last month, interested to invest some in cloud mining and start earning some passive income. No need to keep an eye on the markets all day and less tiring.  |
|
|
|
|
|
Jul 14 2017, 08:31 AM
Return to original view | Post
#2
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(SpongeY @ Jul 14 2017, 04:55 AM) Hi fellow members, I have been reading this thread and it has taken my full attention! Especially Ray, denim and jacks' persuasive posts. Unpopular opinion, but I'm a paranoid person so I'd rather pay extra for shipping and stuff and host them myself. I'd be happy to cloud mine if its just buying hash power, but since this involves real machines and GigaWatt is new, I'd rather have the machines where I can see them. But 20 of them will make quite a noise lol. I am in the midst of ordering about 20 units of L3+ From bitmain to be hosted in my own warehouse but after reading, I'm torn on whether to host it myself or at GiggaWatt. My question is, if I were to want my machines returned to me say after a year of mining at their facility, is that possible? What are their terms of returning of our own miners? Also, as I am new to mining (less than a month but very excited to start), as I was thinking about how to pay bitmain, since I do not own any BTC or LTC or any crypto at the moment, will the local banks like maybank allow a foreign TT or bank wire to Bitmain/giggawatt if the amount exceeds 50 or 100k? If they block it, how do I actually go about purchasing these miners? Thank you and sorry for the noob questions lol  This post has been edited by Flame Haze: Jul 14 2017, 08:32 AM |
|
|
Jul 14 2017, 02:06 PM
Return to original view | Post
#3
|
|
Senior Member
814 posts Joined: Oct 2009
|
Is mining ETC profitable at the moment? If so, which service should I use to get a better rate? Thinking of using hashflare lifetime scrypt mining, am I right?
|
|
|
Jul 14 2017, 02:51 PM
Return to original view | Post
#4
|
|
Senior Member
814 posts Joined: Oct 2009
|
Can add me to the front page liao. Just bought 150MHS on Hashnest
|
|
|
Jul 14 2017, 03:10 PM
Return to original view | Post
#5
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(denimblue @ Jul 14 2017, 02:57 PM) Wah! Another big timer. Please show us your HashNest smartphone screenshot. No la I confirm ikan bilis  Still waiting for 30 ltc from polo to transfer out. Bittrex transferred out in seconds. That'll make it 170 MHS in total This post has been edited by Flame Haze: Jul 14 2017, 03:25 PM Attached thumbnail(s) 
|
|
|
Jul 14 2017, 03:17 PM
Return to original view | Post
#6
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(raynman @ Jul 14 2017, 03:13 PM) Good job, Flame Haze. Started trading last month from 0.4btc up to 2btc but lost some in the red sea. Thought I'll just retire from trading and get a passive income, bit tired of tracking the markets for now. Maybe take a break for a month then sell my contracts to trade again if I'm in the mood.  HashNest is really very hot and popular now.  |
|
|
|
|
|
Jul 14 2017, 03:29 PM
Return to original view | Post
#7
|
|
Senior Member
814 posts Joined: Oct 2009
|
Results in 10 mins. Lucky to find a block
Attached thumbnail(s) 
|
|
|
Jul 14 2017, 06:37 PM
Return to original view | Post
#8
|
|
Senior Member
814 posts Joined: Oct 2009
|
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
|
|
|
Jul 14 2017, 06:38 PM
Return to original view | Post
#9
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(interstate @ Jul 14 2017, 06:35 PM) Then how do I calculate the roi and earning %? Can't seems to find an easier formula for it tho Refer to the spreadsheets by current miners. For me assuming prices and contract prices remain constant, ROI is about 6 months if you don't reinvest. |
|
|
Jul 14 2017, 06:46 PM
Return to original view | Post
#10
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(raynman @ Jul 14 2017, 06:44 PM) If you have the necessary infrastructure and low electricity costs, by all means host your own miner. Bloody shop next to me the lady every day sing karaoke full volume, time to counter back By the way, you should get an L3+, not an L3. |
|
|
Jul 15 2017, 02:43 PM
Return to original view | Post
#11
|
|
Senior Member
814 posts Joined: Oct 2009
|
Hashnest been very lucky with finding blocks for the last few hours. Also, contract prices going up like crazy
|
|
|
Jul 16 2017, 12:03 PM
Return to original view | Post
#12
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(jack2 @ Jul 16 2017, 11:36 AM) Kena poison ah u? These 2 wanna be the no. 1 whale for hashnest. Btw I saw someone bid for 3762 MH last night Wanna bid raynman till 200MH/s? Anyone know when might be the best time to stop reinvesting for hashnest and pull out? |
|
|
Jul 16 2017, 12:12 PM
Return to original view | Post
#13
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(raynman @ Jul 16 2017, 12:09 PM) What? As in when difficulty increases too much and your contract becomes unprofitable laPull out? Are you kidding me?  |
|
|
|
|
|
Jul 16 2017, 12:35 PM
Return to original view | Post
#14
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(raynman @ Jul 16 2017, 12:18 PM) The maintenance/electricity cost is only around 3 to 4% now. I'm guessing 2 yearsYou can wait until it hits about 75%. Do you know how long you need to wait? |
|
|
Jul 16 2017, 07:18 PM
Return to original view | Post
#15
|
|
Senior Member
814 posts Joined: Oct 2009
|
If litecoin pumps to $70 after aug 1, will contract prices go down or up? Kinda weird now coz since LTC price tanking by right contract prices should go down since payout is less. I guess it's up coz of the popular demand
Any thoughts guys? |
|
|
Jul 17 2017, 06:50 AM
Return to original view | Post
#16
|
|
Senior Member
814 posts Joined: Oct 2009
|
Anyone got a rough guide how to track payments from mining pools to your wallet? Just want to do my own dd on hashnest, thanks. =)
|
|
|
Jul 18 2017, 12:09 AM
Return to original view | Post
#17
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(Ch3n_low @ Jul 18 2017, 12:07 AM) Anyone has problems accessing hashnest? Yep, started 10 mins ago. I'll just get some sleep and check back tmr |
|
|
Jul 18 2017, 12:48 PM
Return to original view | Post
#18
|
|
Senior Member
814 posts Joined: Oct 2009
|
Wah gg 0.377 per MHs now😢
|
|
|
Jul 18 2017, 01:17 PM
Return to original view | Post
#19
|
|
Senior Member
814 posts Joined: Oct 2009
|
QUOTE(raynman @ Jul 18 2017, 01:11 PM) How many ethers did he lose? 1.74P.S Hashnest need 2FA to withdraw right? I enabled 2FA and pin but never withdrawed yet so I dunno. This post has been edited by Flame Haze: Jul 18 2017, 01:17 PM |
|
|
Jul 18 2017, 02:40 PM
Return to original view | Post
#20
|
|
Senior Member
814 posts Joined: Oct 2009
|
Wah siao liao 0.39. We need to close this thread from lurkers.
|
| Change to: |  0.1243sec
 0.44
 7 queries
 GZIP Disabled
Time is now: 5th December 2025 - 03:39 PM |
Quote