Quote from: Syke on January 16, 2015, 05:34:24 PM

Quote from: TechnoBibble on January 16, 2015, 04:50:24 PM

if they carry on paying out, surely its not a scam?

And what will you say when they stop paying out? Here's proof they cannot continue paying out.

Quote from: MineThatCloud on January 16, 2015, 12:42:55 PM

The costs I personally cannot help to clear up, I know we are taking a small loss and are very hopeful of increases to the value of bitcoin rising soon, but things are steady and only improving so we are in this for the long run without unforeseen problems .

Let's analyse this "small loss" using the best numbers possible.

Expense:
Cost of 15x SP20s = $5,495
15x PSUs = $1500
Cost of power ($.26/kwh * 24 * 365 * 15 * 1.2 kw) = $40,997
Total Expense: $47,992

Income:
25.5 TH/s mining ($60.5 * 365) = $22,083
25.5 TH/s contracts sold (25.5 * 1000 * .00087 * 205) = $4,548
Total Income = $26,631

$48k vs $27k. They are running a massive loss, nearly double what the income is, not even counting the promotions, the free hashpower giveaways, website development, etc.

Your Numbers are Incorrect.

You know we do make a lot of our BTC from mining and exchanging scrypt coins? 35,300 MH/s infact Not Just SHA-256.

Get your facts right before posting, Dont speculate.

All this tread is about is useless unfounded speculation with no substancial reasoning.