Post
Topic
Board Beginners & Help
Re: Whats the best cloud mining site?
by
BitUsher
on 04/11/2014, 18:12:06 UTC
I'm not really asking for much information or proof. A company , a rate , and a time frame and I can work out the math and verify the claims independently. You don't even need to provide a link.

So, according to u, how long will it take to break even 0.001 BTC/GHs accounting for the rising difficulty ?

It isn't according to me, I make no claims to absolute certainty that a user cannot and will not turn a profit mining. For all we know difficulty could decrease.

What I am claiming is it is doubtful that any cloud mining contract has been profitable to any normal user at any time in Bitcoins history, and extremely improbable that current advertised contracts will be profitable.

You are suggesting that one could turn a profit "0.001 BTC/GHs rate your investment turns profitable within 3 months."

My opinion on the matter doesn't matter as it is simple math to determine that one would need less than 8% difficulty increment average to get anywhere in meeting these claims.

Is that what you are suggesting?

I´m curious as to how this guy KNOWS that these companies only mine BTC. Or maybe he thinks that all coins have the same difficulty level.

Non Sequitur. I never suggested that and am merely addressing the claim -
"0.001 BTC/GHs rate your investment turns profitable within 3 months."