Quote from: TheGeorge on November 04, 2014, 06:44:47 PM

Quote from: BitUsher on November 04, 2014, 06:31:56 PM

Quote from: TheGeorge on November 04, 2014, 06:16:46 PM

I'm not suggesting u anything. I'm merely providing u facts & figures to think logically. We have supplied enough information to U. Now, u please do some math and show us how long should it take to break even with 0.001 BTC/Ghs accounting for the possible difficulty increase

Certainly:
https://bitcoinwisdom.com/bitcoin/calculator

Loss in profit under this contract
At 0.001 BTC/Ghs a 30% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 25% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 20% difficulty increment average will never have a breakeven point.
At 0.001 BTC/Ghs a 18% difficulty increment average will never have a breakeven point.

At 0.001 BTC/Ghs a 15% difficulty increment average will never have 147 day breakeven point.
At 0.001 BTC/Ghs a 8% difficulty increment average will never have 88 day breakeven point.

Are you suggesting that we should expect anything below 10% as a running average?

This doesn't include other risks like this cloud mining site being a ponzi scheme and walking away on people contracts after getting enough initial signups(Only open to the public for 3 days and many other questionable concerns from looking at the site) and potential investment lost potential risks of simply buying bitcoin now vs slowly mining through a bubble.

The chance of vanishing in the thin air is applicable for each and every BTC company. So there is no point raising the concern only for www.cloudmining.website. But, u r accepting the fact that U can breakeven even at 15% difficulty increase with the rate they are offering and still arguing ? Now I doubt if u r posting just to pad up your post count to join a signature campaign !!! Roll Eyes

No, he pushes scams with his other accounts.