Quote from: CryptoJeweler on April 21, 2016, 10:10:15 PM

Quote from: Erumara on April 21, 2016, 09:36:44 PM

Mmmmm delicious cloudmining nonsense!

Not sure if you're looking to support more cloudmining outfits, or you're directly involved, either way we'll break this down!

$189usd/TH = $888usd/4.7TH or roughly the price of an S7 w/ PSU

Maintenance fees = .0009usd/gh = $.9usd/th = $4.23usd maintenance @ 4.7th = ~$0.14usd/kwh

4.7th x .0029btc/th/day (bitcoinwisdom @ current diff) = .01363btc/day = $6.13usd/day (diminishing)

Total take $6.13 - $4.23 = $1.90/day at current difficulty and price

$1.90/day to pay off an $888 investment = 467 days if nothing changes, with the halving coming ROI is utter nonsense.

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Withdrawal is available 24/7. All withdrawals are processed by our system automatically and it will be very fast to receive your Bitcoin in your wallet. But it may take a little longer for manual review if its a big amount to guarantee safety and avoid hacking attempts.

Scammy nonsense for "If you have a lot of BTC, anticipate BS withdrawing it"

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Cloud hashing power indicates your ability to mine crypto-coins. The more hashing power you have, the more ROI you will get. Hashing power is the underlying driving force for the entire crypto-currency network. Cloud hashing power provides mining service in the cloud and support in the network in general.

This line is intentionally misworded, your ROI will always be a % of your investment. Of course if you invest more you earn more, but it certainly does not compound.

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5.6 PH/s hashing power with the electricity cost as low as 15 cents per kWH

According to this line here, assuming they don't have some new miner more efficient than the s7, they're barely making money whether BTC, LTC, or ETH, and will fail after the halving unless the price skyrockets.

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OXBTC provides the most profitable cryptocurrency deposit investment and the foundation for its high ROI is its 3 mining farms which are among the largest ones in China and they are run under very low electricity cost and highly efficient operation.

Directly contradicting the previous statement.

If they are charging ~$0.14usd/kWh maintenance (assuming s7 efficiency), and they claim to pay $0.15usd/kWh electricity, how are they still in business unless this is another fancy ponzi?

This page is full of lies [Biggest mining farm? Maybe. Where is the hashrate on the network?] and inconsistencies [200 acres for 10PH!?!? WTF do they do with the other 198 acres?] . I do not go around calling all cloudmining a scam, but they could try a lot harder!

Hi Erumara,

Thank you for your feedback.
If they are not transparent the why they disclose their mining location and their payout address?

Thank you
CryptoJeweler

Where is this payout address?

How are they earning the interest paid in the "deposit" system there?