Ninjastic
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Re: Affordable Cloud Mining with Free Bitcoin Nodes! Vault of Satoshi
by
AdamSC1
on 13/05/2014, 22:28:10 UTC
Quote from: Crossbow376 on May 13, 2014, 09:15:38 PM
Quote from: AdamSC1 on May 13, 2014, 07:29:53 PM
Quote from: monbux on May 13, 2014, 07:02:58 PM
Current price of 10 GH/s on cex.io is only worth 0.07 BTC or about $30 USD...  Your prices are more than double, plus cex.io allows you to sell those GH/s in the market whenever you want.

Cex.io also charges trading fees, and maintenance fees per GH/s (https://cex.io/maintenance). We do not.

Also our prices are in the Canadian dollar and there's are in the US dollar.

Cex.io maintenance fees on 10GH/s work out to $31.20 a year. + the $30 to buy means that 10 GH/s at Cex.io costs $61.20 USD. When you convert that to Canadian dollars with fees it works out to around $70.

So in actuality we are the same price on our small plans and our 100GH/s and 150GH/s plans are cheaper than theirs. We just bill all at once in upfront pricing, and provide nodes to help the network.

True, but your hashrate is still very expensive and buyers have no chance to get profit at all, even if difficulty is going up at a very slow rate.

That's assuming that the price of Bitcoin isn't going to rise. People often forget to take that into account when calculating profit, if you are going to buy Bitcoin and wait for the price to rise you'd be better mining. Plus our hash rates are just as competitive as anyone else, if not better.