Re: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin
I'm a bit confused about the RRP; in the 'Dashboard' there's a box that says: "The next RRP will take place on January 19th 2014 at a cost of $15.00/Gh." does this mean for every $15 (or Bitcoin equivalent) I get one additional Gh? And for what term; the duration of my existing contract? Till the next RRP? The next five minutes?
Just ask'n...
Just ask'n...
Hoak,
Yes. On January 19, you'll get 1 GH added for every $15 worth of Bitcoin you've allocated (at the price of Bitcoin that day). It will show up in your account as a separate one-year contract. So even if your current contract ends let's say in 6 months, the RRP would continue after that for one year.
Michael
$15 per ghs is extremely unlikely to ROI given current difficulty increases. How does cloud hashing plan to fix that?
I have paid <$4 per ghs for black arrow and first batch neptunes and I worry about ROI due to difficulty increase.
Selling at $15 per ghs is just rude IMHO.
Hoak,
The RRP is completely optional, and if you don't want to participate you don't have to. Currently the price per gigahash $15-$20 is competitive for a turnkey service mining bitcoin immediately etc. But if you feel you can get a better deal elsewhere, just set your RRP to 0%. Keep in mind that there are many companies offering a lower advertised price per gigahash, but it's basically for future timeframes and not "on the tap" like we have. But we want you to make the best decision for yourself and your situation, so please feel free to use RRP or not.
Michael
So how do you justify charging $80 per ghs for your "gold" contracts? And $60 per ghs for the platinum contracts?
On tap or not, please explain how that will ROI? Thanks.
Lloydie,
I wouldn't claim anyone makes or doesn't make ROI. There are too many variables, and this is a personal financial estimation that each of us have to make for ourselves. I have no idea what will happen a year from now with Bitcoin. Perhaps it shoots to the moon and even a thousand dollars per gigahash would make ROI. Or perhaps it gets banned everywhere and nobody makes ROI. There are too many variables for me to give you anything but a guess. I would just compare our cost per gigahash on tap to say something you can buy on Ebay or from a different company and make your decision based on that. You don't have to use our service, but we sure would like you to as a business.
Michael