Just caught this guy on the 403 outside of Toronto Ontario

http://i.imgur.com/k6wq6BL.jpg

hahahahaahha this shit got REAL WEIRD....

"After a time you realise you're alone.  You feel as though the world has telescoped down to a warm, soft circle around you.  In time you come to realise that this means you've liberated the whole world.  Everyone must now be part of the bitcoin network.  Everyone is connected.  Fiat is dead.  Digital cryptocurrencies, whatever they are, have triumphed.  As you come to this realisation you lean your forehead against one warm soft wall and laugh until tears flow down your face.  You've won.  You've won.  You've won."

Aren't these scrypt miners (and the coming KnC miners) going to totally destroy mining scrypt coins? There are entire networks that could be easily 50% attacked and annihilated with just a couple of these rigs (or one KnC miner) FUUUUCK!

We are really curious about this too....what would the optimum price per GH/s be for a used mining rig these days? $10 a GH/s seems to be the the lowest I've seen for some of the higher capacity rigs.....would that really turn any kind of substantial profit or would it be completely obsolete after 2-3 months?

Cool your fucking jets moboDICK....KensingtonLabs is simply the name of the modest little scrypt mining crew me and a few friends put together.

I've been following this thread since it was started....I AM a CUSTOMER who got scammed by scamhashing's bullshit advertising. As mentioned I should have known better. I'm not trying to get into a pissing match with some numbnutz...I was simply giving my honest opinion. Buyer fucking beware, don't spend bitcoins on mining contracts thinking your going to make MORE bitcoins. If I would have spent $350 on mining contracts in CASH with cloudhashing back in june of last year I would have made a USD ROI, but that would not be true if BTC was still only worth $150. I was giving my story you fucking moron. I'm in no way a shill or a representative of scamhashing. As far as im concerned I hope the whole fucking P.O.S. operation goes up in flames (as soon as my contracts are up)

So in closing....FUCK YOU SCAMHASHING, FUCK YOU VERY MUCH, BURN IN HELL.

This is a thing?  hahahaha

KensingtonLabs purchased mining contracts from cloudhashing back in May of 2013 that were suppose to start in June, then they didn't start until July, and when it started it was only at 25% of full capacity or some crap like that. We spent a total of 3.5 BTC (because back then BTC was the only way to pay) and at this point have only earned back .4 BTC. It's pretty safe to assume that by the time our contracts are up we will have nowhere near close to the 3.5 BTC initially invested.

It was our own fault, we fell for the flashy advertising on the site. They basically said 1BTC would earn 5BTC over the year contract. We should have known better, but we fell for it. We got scammed and would have been better off holding our BTC.

Now...if you are paying with credit card (which is currently an option) you will get a decent service. It's a little bit pricey, but you ultimately will see ROI. Whatever you do though DO NOT EVER BUY BITCOIN MINING CONTRACTS WITH BITCOIN, YOU WILL NEVER GET BACK AS MUCH BITCOIN AS WHAT YOU PUT IN. This company is notorious for delays, and spending all their funds on advertising. They also recently added a customer support team to deal with pissed off early customers like us who constantly e-mail them saying "what the fuck guys...what the fuck"

So in short, cloudhashing is not technically a scam, but anyone thinking they are going to spend bitcoin to make bitcoin should just hold instead.

Echoing the demands of the masses here...were all wallets emptied? KensingtonLabs didn't have much in CoinEX, but we have been using the coin switching pool as a backup pool.