Quote from: Wings1987 on April 15, 2015, 02:22:19 PM

Quote from: Fatman3001 on April 15, 2015, 02:06:52 PM

Quote from: adamstgBit on April 15, 2015, 01:50:06 PM

Quote from: BlindMayorBitcorn on April 15, 2015, 01:20:04 PM

https://np.reddit.com/r/Bitcoin/comments/32o2lj/eobot_has_paused_cloud_mining/

Ouch!

yup my cloudhashing miner will be shutdown as well.

Quote

Dear Cloudhashing customer:

Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.

i owe them 30$ Undecided

its a sad day for cloud mining

When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.

This argument always bothers me though I can see why people may think this way.

If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC.

If prices are declining - why buy coins or cloud hashing?

I'm not assuming that you pay with BTC.

Quote from: bitgeek on April 15, 2015, 02:23:25 PM

Quote from: Fatman3001 on April 15, 2015, 02:06:52 PM

When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.

Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).

That goes for you to. And we haven't seen the kind of stability you're talking about since they started with cloud hashing and I honestly don't think the margins will allow it if/when we get there.