Sounds good, BitcoinNewsMagazine! We look forward to seeing your comparison with ViaBTC, and thanks for mining with us Please note that the first day's mining with the Bitcoin.com Pool is pro-rated, and as mentioned above our Pool pays out daily at 06:00 (UTC) for the previous day's hashrate.I have been using hosted mining with ViaBTC for a few months now and have been very happy with the returns. Just bought some TH/s here so I can compare pool.bitcoin.com cloud mining returns with ViaBTC after a few days have gone by.
We are planning to add credit card payments in the future.Anyway, if you would accept credit cards (ideally not via simplexx as they only support visa) I would definitly invest $3 to $5k in addional hashing power.
Fees for purchased contracts remain the same. The increased price only applies to newly purchased contracts.As I am writing this I noticed you increased prices AND daily fees. I hope the fees for the contracts purchased a few days ago stay the same?!
Also, is there any chance you will reduce prices again? Because right now the contracts seem quite a lot less attractive to me.
That would be much appreciated!We are planning to add credit card payments in the future.
Okay, glad to read that. Regarding fees it looks like I made a risky but good decision to invest more than 1/3 of my BTC holdings then. : )Fees for purchased contracts remain the same. The increased price only applies to newly purchased contracts.
Pricing is at the discretion of our hashrate provider. They had to increase prices since they are very low on stock. We've been repeatedly selling out within hours of restocking.
One of our partner's data center are replacing all their old servers with new ones. Their hashrate will be back in a few weeks.1. How come the pool hashrate is dropping? From the pool stats the total pool hashrate was 150PH/s a week ago and now it is about 96 PH/s. Why would this happen and where did those ~54PH/s go?
I currently don't have an ETA for credit card payments. I recommend wiring your money to a exchange like Bitstamp or Kraken to buy bitcoins.2. What's the timeline on introducing credit card payments? If it's within a couple weeks I might just wait it out so I can put hashpower on my CC.
A 5% difficulty will decrease amount of bitcoins earned by 5%. However, difficulty increases usually happen because the bitcoin price goes up. The difficult increase is often balanced out by increase in bitcoin price.3. How much effect does an increase in difficulty have on earnings? A 5% increase wouldn't just decrease earnings by 5% would it? Math was never my strong suit.
The increase in difficulty is partially offset by the increase in bitcoin price.I may be overlooking something here, but can anyone explain to me how it is possible (with the unlikely exception of the BTC price rising 300%) to recover any more than ~60% of your upfront cost on the lifetime contract? It seems to me that with the constant difficulty increases that your profit will become essentially non-existent within 3-4 months.
We also sold out almost instantly and had to raise our prices significantly just keep a little bit in stock.After a weeks' experience with pool.bitcoin.com cloud mining my average net daily return was 0.00033 bitcoin per TH/s. ViaBTC returned 0.00041 BTC/TH/s for the same time period. That is a significant difference in favor of ViaBTC and is due to the higher daily fee pool.bitcoin.com charges, almost twice the daily fee of ViaBTC. ViaBTC is still the highest paying legitimate bitcoin cloud mining provider. As a result they are sold out. Hopefully pool.bitcoin.com can lower the daily fee to be more competitive.
Let me share my n=1 experience so far.How likely is it to earn back your initial investment in terms of BTC? As a long term holder I'm interested in mining contracts as a way to increase my existing stash of BTC regardless of USD price fluctuations.
That's a great ROI!
This estimates a total return of 0.051823 BTC from an initial investment of 0.04647645 BTC. That's an 11.5% ROI in terms of BTC. Pretty good if my numbers hold up. Please double check my work.
That is quite a significant difference. Would really be interesting to know if this is mainly due to luck or because of such a difference in daily fees.We also sold out almost instantly and had to raise our prices significantly just keep a little bit in stock.After a weeks' experience with pool.bitcoin.com cloud mining my average net daily return was 0.00033 bitcoin per TH/s. ViaBTC returned 0.00041 BTC/TH/s for the same time period. That is a significant difference in favor of ViaBTC and is due to the higher daily fee pool.bitcoin.com charges, almost twice the daily fee of ViaBTC. ViaBTC is still the highest paying legitimate bitcoin cloud mining provider. As a result they are sold out. Hopefully pool.bitcoin.com can lower the daily fee to be more competitive.
Your data compared with VIABTC is very interesting.
Were both accounts on PPS or PPLNS?
Assuming a 31 day month and a 5% drop in profits every 14 days gives us:
14 days x 0.00167928731 = 0.02351002234 BTC
14 days x 0.00159532294 = 0.02233452116 BTC
3 days x 0.001515556793 = 0.00454667038 BTC
Total = 0.05039121388 BTC which doesn't even cover the initial 0.051224944 BTC investment. Correct me if I'm wrong but at this point it looks like just holding bitcoin would be preferable to buying a 1 month contract.
We do not provide refunds after you purchase a contract.This might seem like a very dumb question... do I get my initial contract payment back if I cancel my contract? I chose a lifetime contract. Sorry I could not find any info about it on the forum yet. Thanks for your constant attention to everything Rogerver
Registrations are open to the public. Please register on: http://pool.bitcoin.com/Hello, can I get an invitation please?
The bitcoin.com mining pool has been quite lucky in finding blocks since it started and our plans are so popular they sell out within days of being restocked.it's a huge thing, can I get an invite?
Just go to the mining pool site: https://pool.bitcoin.com and pick the plan that best suits you, as soon as we have more stock you can purchase a plan and start mining bitcoins!Is there any criteria or option to participate in the pool mining?
It must have been a temporary error, the front page shows 85.477 Ph/s (1.634%) at time of writing this reply.I noticed that the "global hashrate right at this moment on the pool.bitcoin.com front page is >5%. I remember it used to be around 2%. Is this just a temporary blip? Or is the mining farm growing that fast?
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