Post
Topic
Board Service Discussion
Re: Why cloud mining is a zero sum game
by
Coin_Master
on 27/11/2014, 09:45:56 UTC
I don't get posts like these. All the negative comments about cloud mining, when its been proved that LTCgear and GAW ROI. Are the negative comments hardware sellers? If you are reading this and thinking about cloud mining, don't listen to posts like this. Research the companies and do the math. You will miss the boat otherwise. Cloud mining is the future, the small home mining ventures are being pushed out.

Most scrypt coins are paying 8 cents per MH per day or less.

Goldcoin - 8 cents
Litecoin  - 7 cents

Gawminers charge 8 cents per MH per day in maintenance fees, this will result in a zero payout.

Day 39 comparison of payments
GAW Waffle Hashlet                   0.00000000 BTC (No Payout)

Day 46 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 52  comparison of payments
GAW Hashlet Waffle                   0.00000456 BTC

Day 54 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 56 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 57 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 58 comparison of payments.
GAW Hashlet Waffle                   0.00000253 BTC

Day 61 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 62 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 67 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 68 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 69 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 71 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 72 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Day 73 comparison of payments
GAW Hashlet Waffle                   0.00000001 BTC

Anybody who says you could possibly make money or break even 'now' is dreaming.

Here is the full record of the payouts:
https://bitcointalk.org/index.php?topic=768931.0

Honest cloud mining providers have simply stopped accepting new customers