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 Cloud Mining - Cryptocurrencies

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jack2
post Jul 1 2017, 07:08 PM

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I heard that we have someway to check the source of cloud mining earning is from real mining or not through the coins pool website.

Is it true we can check?
jack2
post Jul 1 2017, 07:50 PM

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QUOTE(raynman @ Jul 1 2017, 07:31 PM)
Genesis Mining has re-introduced DASH (X11) 2-year mining contracts after running out of stock for about 3 months.

I just bought the 500 MH/s plan. smile.gif

user posted image
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How much is the ROI per day? Can beat ETH or Hashflare?


Found this

https://www.cryptocompare.com/mining/genesi...n-2-year-large/

It seems ETH one is more worth.

This post has been edited by jack2: Jul 1 2017, 07:51 PM
jack2
post Jul 1 2017, 07:59 PM

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QUOTE(raynman @ Jul 1 2017, 07:55 PM)
Not bad. Almost comparable to ETH returns at a much cheaper price.

I intend to hodl DASH for future appreciation. biggrin.gif

user posted image
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Ops, I forgot about the investment capital which is much lower than the ETH.

Thus, the ROI per day is about 0.55%...
jack2
post Jul 1 2017, 08:22 PM

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QUOTE(raynman @ Jul 1 2017, 08:02 PM)
So when are you going for it? laugh.gif
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QUOTE(denimblue @ Jul 1 2017, 08:08 PM)
How come you guys are so rich one?  sad.gif
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No money as I diversified to ANS... rclxm9.gif
jack2
post Jul 1 2017, 09:06 PM

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QUOTE(cofin @ Jul 1 2017, 09:03 PM)
so many investor in lowyat ........

we should all pool in then we do our own cloud mining lol ....

meter tempering then we can mining with free electricity lol .....
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ya... Who wanna pool in first?

How about launch our own exchange? haha
jack2
post Jul 1 2017, 10:56 PM

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QUOTE(cofin @ Jul 1 2017, 10:46 PM)
Need to build our own farm .....then back with our own mining

then pool in people coins create super big ICO and exchange in MYR

but need government lubang to back up if not kena disturb by bank negara lol

ask najis or his wife to chip in 1b MYR ....

fuuuuuu...sound like Jho Low in the making ....
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Ok, you go talk to Ros
jack2
post Jul 3 2017, 09:07 AM

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QUOTE(raynman @ Jul 3 2017, 08:41 AM)
I am entitled to a 3% discount on the Dash mining contract, so I only pay USD2,182.50.  biggrin.gif
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Cool....
jack2
post Jul 3 2017, 09:43 AM

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QUOTE(raynman @ Jul 3 2017, 09:16 AM)
Just received my first Dash daily payout.

user posted image

0.07724257 Dash, around USD15.

Not bad at all. laugh.gif
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But you need to wait for another 30 days.. LOL
jack2
post Jul 3 2017, 09:56 AM

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QUOTE(raynman @ Jul 3 2017, 09:55 AM)
True.

This is a new contract, so will have to wait out the 30 days.

My Exodus wallet is ready to receive the Dashes when they come in.  biggrin.gif
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So they pay in Dash ka?

Exodus is desktop wallet? Good and safe?
jack2
post Jul 3 2017, 10:42 AM

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QUOTE(mosfet83 @ Jul 3 2017, 10:36 AM)
Hi all, I'm new to cloud mining. But got question before I venture further on payout. Basically how does payout works? Ultimately how do you withdraw those earnings into cash? Thanks.
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Depend on which coin contract you are buying and you need to convert it into BTC and sell BTC in any exchanges like Luno and get MYR.
jack2
post Jul 3 2017, 11:14 AM

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QUOTE(mosfet83 @ Jul 3 2017, 11:09 AM)
Lets assume I want to purchase 200MH/s Dash at Hashflare, cost about USD1,160. So based on cryptocompare, that will give about USD126.03 on monthly basis. So meaning I can withdraw ~MYR541 on monthly basis? Because I'm thinking to swap by credit card and convert to 0% installment plan, that will be around MYR415 monthly for 12months. What do you think? Any hidden fees that I'm not aware of from cloud mining perspective?

Thank you.
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Ya. You are correct.


Bear in mind that the payout is daily term and you will receive your Dash to the wallet you specified and then you can convert it to BTC and sell to Luno and receive MYR.

The only concern you need to consider are

1. Mining difficulty
2. Prices of Dash and BTC which will affect your MYR either you receive lesser or higher.

Note:
Purchase via credit card - The first 30 days of the payouts will be withheld for security purpose and you can withdraw thereafter.

This post has been edited by jack2: Jul 3 2017, 11:21 AM
jack2
post Jul 3 2017, 05:44 PM

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QUOTE(CharmaineLee80 @ Jul 3 2017, 05:43 PM)
how much mh/s you subscribe for DASH?
I am thinking to start cloud mining.... not sure how much to start...
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200
jack2
post Jul 3 2017, 05:48 PM

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QUOTE(CharmaineLee80 @ Jul 3 2017, 05:46 PM)
Wow, that's USD1K to start.  cry.gif Dun have such $$$
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You can buy any hashpower as you want.
jack2
post Jul 4 2017, 09:14 AM

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I am in considering DASH in view that the investment amount is lower and get the same ROI as for ETH.
jack2
post Jul 4 2017, 09:39 AM

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QUOTE(raynman @ Jul 4 2017, 09:21 AM)
I was the first to see the great opportunity in Genesis Dash mining and grabbed it.

No regrets.  biggrin.gif
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Ya, even my ETH was bought 20 days ago is still waiting for the payout.
jack2
post Jul 4 2017, 10:52 AM

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QUOTE(HHCC @ Jul 4 2017, 10:45 AM)
Denimblue & Raynman are champion contract holders...powerful hashrates and even more powerful payouts. Congrats guys!

Please ask Genesis and HR to arrange factory visit  rclxms.gif
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wow.. so rich la they...
jack2
post Jul 4 2017, 06:55 PM

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QUOTE(denimblue @ Jul 4 2017, 06:34 PM)
HHCC is good.
He started so much later than us, yet he practically knows everything about cloud mining.  smile.gif
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But I don't know wo.
jack2
post Jul 5 2017, 09:45 AM

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QUOTE(raynman @ Jul 5 2017, 06:48 AM)
Introducing GigaWatt, the world’s first full-service mining solution provider.

user posted image

I have purchased Gigawatt tokens and two Antminer L3+ for deployment in mid-October.

user posted image

The two L3+ miners have a combined hashrate of 1,008 MH/s to mine Litecoins.

user posted image

Hurry, token sales ends on 1 August 2017.

Get more details here.

https://cryptonomos.com/wtt/

https://giga-watt.com/
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QUOTE(raynman @ Jul 5 2017, 09:25 AM)
I have many mouths to feed, my friend.

My current RM1,250 day job is not enough.  sad.gif
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wow... You invested a lot man...

This Giga, the cost to buy 2 units is USD2220 and profit per month is USD2948?

This post has been edited by jack2: Jul 5 2017, 09:46 AM
jack2
post Jul 5 2017, 10:06 AM

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QUOTE(raynman @ Jul 5 2017, 09:58 AM)
The WTT tokens cost me USD2,222 for 2,020 tokens.

The L3+ miners cost me 51 litecoins each, so a total of 102 litecoins.

Yes, the calculated profit is around USD2,900 per month.
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QUOTE(raynman @ Jul 5 2017, 10:03 AM)
Actually I need only 1,760 tokens to host two L3+.

The wattage of each miner is only 880W.

I can rent out the extra tokens to those miners who do not own them.
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wa.... how can 1 month can ROI?
jack2
post Jul 5 2017, 10:22 AM

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QUOTE(raynman @ Jul 5 2017, 10:15 AM)
Not 1 month la, around 2 to 3 months.

One L3+ miner with a hashrate of 504MH/s can mine about 0.8 LTC per day.

You do the math.

user posted image
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2-3 months is fast la

Also got mining difficulty right?

The Genesis ETH mining keeps on decreasing more than 40% in less than a month...

This post has been edited by jack2: Jul 5 2017, 10:23 AM
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