0
0

Has anyone successfully withdrawn ether from ethercloud? (self.EtherMining)

nickjohnson が 投稿

I purchased a small amount of hashpower from them to try them out. They restrict withdrawals for the first two weeks (for some reason). Since it's now my 3rd week, I tried to withdraw, and got the message "Wallet API update in progress. Withdrawels temporarily disabled".

I begin to grow suspicious; despite a nice friendly UI, I've got no indication that the ether actually exists.

Has anyone successfully withdrawn ether from the service?

全 22 件のコメント
並べ替え:
ベスト
トップ新着論争中古い順Q&A

[–]lordofthepixels 0ポイント1ポイント  (21子コメント)

Please dont buy into cloud hashing services, they are, ultimately, a scam. You could build a 50mh/s rig for around the same price that they want to rent it to you for 3/4 months. That doesn't even take into consideration the fact that once you are done mining you can resell the hardware. If you need help putting a rig together, this community is the place to get it. But please, anything but cloud -___-

[–]nickjohnson[S] -1ポイント0ポイント  (20子コメント)

There's no reason that a cloud hashing service has to be a scam. They're engaging in hedging: Instead of buying hardware with fiat currency in return for an unknown return over its lifetime, they rent it out at a fixed cost (greater than their outlay, obviously), to people (like me) who are prepared to accept the value risk.

And no, I don't want to build my own mining rig, because I don't want to deal with power guzzling, noise making machines in my own home.

[–]arthropal 2ポイント3ポイント  (17子コメント)

Do the math and you'd find that unless difficulty drops by over half, or price more than doubles, there is zero chance of a cloud mining contracting returning on investment.

[–]nickjohnson[S] 0ポイント1ポイント  (16子コメント)

That depends on the contract, obviously. If you buy a contract that gives you less ether over its lifetime at the current hashrate than just outright buying Ether, obviously that's a bad deal.

And the price of ether shouldn't have any effect on the decision: the alternative is buying ether outright at the current price.

[–]arthropal 1ポイント2ポイント  (15子コメント)

the cheapest contracts i have seen available would ROI in about 18-24 months at current price and difficulty, long past the advent of PoS.

[–]nickjohnson[S] 0ポイント1ポイント  (14子コメント)

I wholeheartedly agree that that would be a bad purchase. I was only defending the point that "cloud hashing" does not have to be a scam; it's a legitimate hedging maneuver for a company who wants less uncertainty in their ROI.

[–]lordofthepixels 1ポイント2ポイント  (13子コメント)

For the companies, not the consumer... Dont buy cloud hashing kids

[–]nickjohnson[S] 0ポイント1ポイント  (12子コメント)

Are you going to refute my argument, or just ignore it?

Suppose I:

  1. Buy some hardware and set up some rigs
  2. Lease their hashing power out at 50% more than my outlay (capital cost plus power consumption)

Further suppose that at the projected hash rate, you would earn more ether by leasing my rig for a year than you would by buying ether outright at current market rates.

If you lease the hardware, I get a guaranteed return on my investment; you get a possibly much larger, but variable return that's affected by external factors.

Why is this a bad idea?

[–]lordofthepixels 1ポイント2ポイント  (2子コメント)

Its a good idea if you are that company, but if not it would be much much much better to buy ether at the current price, the reason being how volatile it is. At this point if you invest wisely with that much money you can get a much bigger roi then if you where to receive ether bit by bit, being restricted on how much/when you can cash out. That's all it boils down to, for me at least.

[–]lordofthepixels 0ポイント1ポイント  (0子コメント)

just as an example, if eth spikes like btc did halfway through your contract, then you can only cash out whatever you have at that time, then you are stuck with a contract that is earning a much less valuable currency.

[–]nickjohnson[S] 0ポイント1ポイント  (0子コメント)

That's a very... vague argument. Yes, there's an interest cost in getting funds at a later point in time. But that's also fairly easy to account for.

[–]arthropal 1ポイント2ポイント  (8子コメント)

  1. Buy a horse
  2. sell its shit for $10/lb

great deal to me, but poor deal to the guy who buys the shit. it will never be worth $10/lb, just as mining contracts are rarely worth what they cost.

[–]lordofthepixels 1ポイント2ポイント  (0子コメント)

HAHAHA you made my day, thank you.

[–]nickjohnson[S] 0ポイント1ポイント  (6子コメント)

You haven't actually refuted anything I said.

[–]lordofthepixels 0ポイント1ポイント  (1子コメント)

All i was saying is that you make/learn more from owning your own rig, and if you are going to invest in cloud hashing that is (at the current eth prices) a loss then that means that you have faith that the currency is going to gain a significant amount of value, in which case you would profit more from simply spending the money on eth at the current price and holding. Either way cloud hashing is the worse option.

[–]nickjohnson[S] 0ポイント1ポイント  (0子コメント)

I agree - buying a contract when you could buy more ether for the same amount would be a dumb idea. But that's not what I did; the rate I paid for a 30 day contract would have bought me less than its expected value in ether.

And I've built plenty of computers over the years; I don't feel any particular urge to learn to build more of them and put them in my cupboard.