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Showing 20 of 26 results by vga
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Board Service Discussion
Re: CloudHashing.com buyout of contracts???
by
vga
on 02/02/2015, 19:45:18 UTC
I just noticed that buyout amounts go down the longer you wait. Mine decreased from 0.02131533 to 0.01976613 bitcoin since last week.
This buyout is a scam in that in forces me out. The new fees (which were never in the original contract) are more than my earnings will ever be. It leaves no choice. The original contract was BS, I guess.
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Topic
Board Service Discussion
Re: CloudHashing.com buyout of contracts???
by
vga
on 30/01/2015, 22:54:00 UTC
I currently have 135.9 Gh/s and am being offered 0.02131533 bitcoins for a buyout or a management fee of $20.38 per month. How is that that I am being offered this when you are being offered 0.05473304 bitcoins and have just 116.24 Gh/s???
Does anyone else notice any discrepancies like this or have any idea why this is?Huh
Do they factor in how much time is left in the contract?
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Topic
Board Beginners & Help
Re: E-Pickaxe question and more
by
vga
on 17/09/2014, 15:40:30 UTC
E-pickaxe has stopped any payouts for me. They were paying fine for the first few months of my contract but now I get nothing. They post about the latest payouts on their website but I no longer receive any payouts. They will not respond to emails and do not and do not fulfill their contracts. Does anyone else share this experience??
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 10/03/2014, 21:30:52 UTC
For whatever reason, I still can't shake being tempted to purchase a gold plan right now. I don't want to purchase on the exchange and their price may be fair considering the overhead of electricity and cooling etc...
Even if I lose money, the only way I'd end up disappointed is if BTC does not endure as a primary cryptocurrency. Does anyone have an opinion on the odds of this?
Is there anything right with my thinking? I just like being in.
Post
Topic
Board Securities
Re: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin
by
vga
on 08/03/2014, 02:42:17 UTC
"Warning Trade with extreme Caution"


I've had back a third of my investment with current difficulty so high i'll be lucky to make another 3% in total!


YOU HAVE BEEN WARNED

Which contract did you purchase? If you don't mind telling..
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 07/03/2014, 03:16:52 UTC
I could use $4000 and get about 6 BTC right now. If I use $4000 to purchase a mining contract at 370gh/s I would earn about about 14 BTC over one year if the difficulty remained the same as today. We know the difficulty will increase greatly, but will it increase greatly enough so that under this contract I would not even earn the 6 BTC that I could buy right now?
 Huh

Just remember that in january this year the hashrate doubled, just like that. There is no reason why the hashate would not increase much much more this year unless something dramatic happens. It's an exponential growth curve so whatever we think is a lot today will be almost meaningless in the near future.
Thinking in terms of difficulty staying the same is just wrong on so many levels. You should leave that out of your reasoning completely because it gives you a completely wrong prognosis. Don't use it as a basis because it's absolutely not like the real situation.

With the contract you will likely lose out. Just as a base case, if the difficulty rises only at a rate of 20.00% per month (very slow) and if you do not have rrp then you will make about 7 BTC in a year.
But that is just about the best situation imaginable. It can only get worse and the difficulty will probably rise much faster and you will get much less than 7 BTC...
Just think about it, in 2013 difficulty increased roughly by 100000.00% (!!) . Shocked .  And you need less than 20% to make more than 7BTC.. It's not worth it because the risk is way too high.
This was a very helpful and well reasoned response. Thank you.
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 06/03/2014, 19:31:40 UTC
I could use $4000 and get about 6 BTC right now. If I use $4000 to purchase a mining contract at 370gh/s I would earn about about 14 BTC over one year if the difficulty remained the same as today. We know the difficulty will increase greatly, but will it increase greatly enough so that under this contract I would not even earn the 6 BTC that I could buy right now?
 Huh
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 06/03/2014, 04:24:56 UTC
So, therefore, I would not be completely crazy to consider a contract, correct? There are others who are purchasing contracts with sound reasoning, correct? There may be better ways but it seems easier than going through an exchange and purchasing BTC.
It's a gamble.  The only reason to do it would be if you think mining is a profitable business.  And keep in mind that in 2.5 years, the block reward drops from 25 BTC to 12.  If you just want to buy BTC, I recommend using an exchange.

But there must be many other who believe it is an ok gamble, correct? My contract would just be for one year. I already have a small contract but I can now get many more gh/s for the amount that I paid for the first contract. It's sort of a way of "averaging down". It's makes me tempted. I also find the exchanges to be off putting as I don't want to hook up my bank account to it, etc..
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 06/03/2014, 03:15:30 UTC
I will not be sending bitcoins. I will pay with dollars and receive bitcoins. Does it seem like a bad deal? They are paying.
I'm happy with the payout right now, but our only hope is that the difficulty stops rising so fast.  The cost of mining is getting pretty high, so we may not see a whole lot of new miners.  But a lot of existing miners will probably continue investing in hashpower.

I paid in BTC and hope to recover the same amount of BTC.  By investing dollars, you only need a dollar profit, which might be easier if the BTC price rises.  Still, if I had it to do over again, I'd just buy as much BTC as possible and keep it all in storage.


So, therefore, I would not be completely crazy to consider a contract, correct? There are others who are purchasing contracts with sound reasoning, correct? There may be better ways but it seems easier than going through an exchange and purchasing BTC.
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 06/03/2014, 02:44:17 UTC
That's fairly convincing. But is there a mathematical reason why this is a terrible idea? Or is it just a reasonably risky idea?
I do like my puppy.

If you like it, just don't do it.
Look at the news, it's not wise to send your bitcoins to third parties, and even less when they smell like ponzi.

I will not be sending bitcoins. I will pay with dollars and receive bitcoins. Does it seem like a bad deal? They are paying.
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 05/03/2014, 20:34:17 UTC
I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?

Don't do it or I will boil your puppy!

Wink

That's fairly convincing. But is there a mathematical reason why this is a terrible idea? Or is it just a reasonably risky idea?
I do like my puppy.
Post
Topic
Board Securities
Re: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin
by
vga
on 05/03/2014, 20:03:29 UTC
I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?
Post
Topic
Board Scam Accusations
Re: is cloudhashing.com a scam??
by
vga
on 05/03/2014, 19:56:55 UTC
I just noticed there are new contracts available. I'm tempted by the new Gold contract which works out to about $10.80 per Gh/s. Will someone talk me out of this?
Post
Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 04/03/2014, 17:36:05 UTC
For those who got money back from Skrill, how did you do it? I have emailed them and called them and cannot get a refund. Does anyone have any suggestions?

How did you transfer $ into the Skrill?

I used a credit card.
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Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 04/03/2014, 16:32:22 UTC
For those who got money back from Skrill, how did you do it? I have emailed them and called them and cannot get a refund. Does anyone have any suggestions?
Post
Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 28/02/2014, 01:51:35 UTC
I contacted the support via mail. But this was about 3 weeks ago and I heared nothing again from Skrill...so I thought the money were lost. So I great news today Smiley

I send them within my email the transaction number and all I knew about the scammers.

I also added a reference to this forum so that they could double check my statements.

Hope this information may help you to get refund!

So are you saying that you DID get a refund? Is this what you are saying??
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Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 27/02/2014, 21:21:14 UTC
I also paid with Skrill. How did you initiate a refund???

Login and look for Contact Us on the bottom part.
I would pull the phone number and call them.

I did earlier that they already sent me an email that it was passed to a higher department.

I also did inform them that they need to flag that whole account as it is a scammer.

Beyond that I am still working on tracking the perpetrator down. (Yes, even if I get my Skrill $ back)
We have good info on where he is located and just waiting on legal system to catch up.






Thanks for the info. I called them and they said there is nothing they can do. I told them that I knew of someone else getting a refund for this and they said they can try but I should consider the money lost. Does it look like you are getting the refund?

I received an email and their response was:
"Thank you for contacting the Skrill help team.
After double checking your case with a senior member of our team we would like to kindly inform you that Skrill is an online payment provider and our responsibilities are limited to processing online payments according to the instructions you provide us with. Also, according to our terms and conditions our Send / Receive money transactions are instant and once processed they become irreversible."
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Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 27/02/2014, 19:30:01 UTC
I also paid with Skrill. How did you initiate a refund???
Post
Topic
Board Bitcoin Discussion
Re: How many people have received random .00000001 transactions to their wallets?
by
vga
on 20/02/2014, 03:59:28 UTC
Ok. Now I'm getting way too many of these things. What can be done?
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Topic
Board Securities
Re: [Minershare.net] KnC Neptune Miner #1 batch shares, $4/GHs, No hidden fees
by
vga
on 17/02/2014, 16:31:47 UTC
I too have a substantial loss with this.