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Cloud Mining - Cryptocurrencies
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danieln
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 Jul 4 2017, 05:41 PM
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QUOTE(HHCC @ Jul 4 2017, 05:34 PM) A fixed time contract means that you will get a daily payout for the duration of the contract. No more than that. After that the mining hardware belongs to the cloud mining company. Applicable to alt coins mining like ETH, Dash. Monero and LTC which do not have any maintenance fees. A life time contract or more accurately an open ended contract means you will receive a daily payout as long as it is more than the maintenance fees (electricity, cooling and upkeep cost). Even if it goes below that, the mining will continue for another 60 days in the hope that it is still profitable. If still in the negative, then the contract is terminated. Applicable for BTC mining. Hope this helps. so if I go for DASH mining, Genesis will pay me in DASH or btc? what wallet do I need to get? |
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danieln
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Jul 4 2017, 06:30 PM
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QUOTE(HHCC @ Jul 4 2017, 06:25 PM) For alt coins mining, you can opt to have the daily payout in either that coin or BTC in which case the cloud mining company will do the conversion based on the altcoin/BTC prevailing rate. Personally I prefer to be paid in alt coin. Just set the correct address for each coin in the wallet settings tab. For Dash, most forumer here prefer a multi coin wallet like Exodus. Great interface. Easy to use. Secure. Shapeshift feature. thanks. trying to start small with 5MH/s for DASH but always getting the error: The daily limit for credit/debit card orders is $5,000 (up to $20,000 a month). Your current daily volume is $0 (monthly $0). For larger orders please click on the drop down menu to select a different payment method. any idea what's this? |
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danieln
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Jul 5 2017, 11:08 AM
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QUOTE(cofin @ Jul 5 2017, 10:58 AM) yea buying btc then use btc to purchase genesis better. No need 30 days pending order They straight payout daily if buy their service using BTC sorry but how do i start on to get bitcoin? thinking of start small and see how it goes first |
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danieln
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Jul 5 2017, 11:42 AM
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QUOTE(Nidz @ Jul 5 2017, 11:36 AM) If you want to buy bitcoins, go to Luno website. It is an exchange where you can buy bitcoins in RM. What we're discussing here, is investing in a cloud mining contract, where you purchase a mining contract and the company will host the equipment and do the mining for you. In return, you'll get the payout on a daily basis. so say if I mine DASH & eth, i need to get wallet for both or a btc wallet will do? |
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danieln
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Jul 9 2017, 11:32 PM
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QUOTE(kwong02 @ Jul 9 2017, 08:04 AM) same with me. any idea how to solve it? seems like they have a minimum limit for cc. this is the reply I got when I emailed them ' Yes, there is a minimum of 50 USD if you order via credit/debit card.' |
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