Quote from: sillywhim on July 02, 2014, 07:03:36 AM

If you do things right, you will get an AUTOMATED payout within an hour of your "investment".

Key phrase: "If You Do Things Right".

How to screw up easily:

1. send your btc investment via coinbase, cex.io and other such web wallets that dispense payouts via a system btc address.

2. another clue: if it don't work for satoshi dice, then it won't work for cloudhashers.net

How to Do It Right:

1. send your "investment" via bitcoin-qt or any other desktop wallet that assigns a unique SENDING btc address. bitcoin-qt works.

2. cloudhashers.net recommends blockchain.info wallet as it does assign unique SENDING btc addresses.

How to Do It Right-er:

1. within one hour of your correctly sent "investment", you will get an automated payment equal to 0.00125X, with X = btc investment. This will happen each and every hour, currently around 10 minutes past the hour. EVERY SINGLE HOUR.

2. Cloudhasher.net is unwilling or unable to understand the bad consequences of HOURLY PAYMENTS. Consider this: In a week's time, that's 168 payment transactions. In two weeks it is 336 payment transactions and in 3 weeks time, that is 504 transactions.

3. These hundreds upon hundreds of transactions to your wallet will cost you BIG TIME when you decide to spend i.e. SEND OUT btc to a btc address. You see (and listen up and understand this cloudhashers.net), sending out ONE of these transactions will cost you 0.0001 BTC fee. But since the amounts of the cloudhashers.net payouts are so small, you will find that you will have to send out HUNDREDS of these transaction to equal to the amount of your outgoing BTC . Mytrezor.com's wallet crashed horribly and burned big time, for example.

4. I tried to tell cloudhashers.net about the bane of hourly payouts (suggesting once a day for example) but THEY DON'T/WON'T understand. Other "investors" also tried to bring out this point to no avail. One customer posted a pic that said "NOT PROFITABLE" because his return on 0.01 BTC investment (the smallest allowed) payouts were overcome by the hundreds upon hundreds of itty bitty stinky poka dot bikini tranactions!

5. It is very troubling that cloudhashers.net do not understand what the hourly payouts are doing. One typical response of theirs is saying "Hello, you should send a deposit with a smaller fee." WTF? If they don't understand how hundreds of incoming transactions affect OUTGOING sends, then what are they all about, anyway???

6. THE SOLUTION:

...

Hey thanks for the great explanation!! Seems like am on the rigth track (hopefully) since I have already requested cloudhashers to send my payments to my cex.io address. Am just waiting for them to update it.

jorgemk85

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