Quote from: Unacceptable on March 22, 2014, 06:40:49 AM

Quote from: raskul on March 22, 2014, 06:33:05 AM

Quote from: Unacceptable on March 22, 2014, 06:26:49 AM

Quote from: raskul on March 22, 2014, 06:16:24 AM

at that price, you would actually be better off getting 100GH of cloud hashing, and not pay the electricity for 5 years.

Problem with "cloudhashing"............you ARE paying for power,believe it!! Roll Eyes

& you have NO hardware to resell Sad

that does depend on how you look at it. I only buy cloud GH using the BTC i've already mined, and the BTC I mine is in a DC with no power costs anyway.
For me, it's just an easy, quick means to bump up my hashpower, while btc price drops. Looking at the long term.. by the time the price of BTC rises again (don't ask me for my predictions, you won't like it!) I'll have accrued many! much! wow! hashpower compared to what I would have had if I'd saved to by more rigging.

but yes, it's more costly to buy cloud, depending on where you shop. And... a 100GH rig in 5 years time to resell? Shocked

I look every so often & I see no profit from "cloudhashing",unless you trade it...now your talking valuable time being consumed Roll Eyes

If your holding mining equipment for 5 years,you missed "Mining ASIC's 101" Cheesy

1-3 months max Wink

Until network hashrate "parity" is reached...if that ever happens Cry

well for 100GH, i'd be paying 0.08 BTC for 5 years electricity (if I were to compare the new price of the X1 against my cloud host.)
And I don't read 101's, I just do as I will. If all the world followed the same idiosyncrasies, we would be sheared for our wool and plated up with mint sauce.

ADD: however, my comment was not designed to try to convince, or turn anyone from their own opinion, it was merely a flippant remark, stating a fact as I see it. So please don't take it as though I am trying to sell you anything Kiss