Hello everyone been a while as I do not seem to find the time these days but wishing everyone is well and enjoyed the price increase in BTC. Anyway I turning to you all for advise.
Is there any good sites for cloud mining and would you still invest in cloud mining now the halfing has happened, I hope i don't jump on any ones toes but last time I was reading about cloud mining.
Hashflare was new on the market and no proof of the company
Hashnest was only good or profitable if you trade
Genesis Mining I recall someone saying they never would get ROI.
Hashocean was good but was a scam from the start and sorry whom may of lost there.
Out of all these and from a guess at a quick look is that hashflare seem to be best rate at $1.60 per 10GH, about the price you pay for a antminer s9 last time I checked. However the price of power is the killer 0.008 or $11.20 for S9 if at 14TH/s
My point I am getting at is many mining sites come and go and more so are scams, I know many of you like myself got shafted by GAW, so if there was an option for a much better rate of power would it be worth looking into.
My plans would be if there is not to many road blocks would set up a mining farm not a massive one as I will be limited by draw on our power lines,but I have a good option of buying a fixed price of power again for this year.
I know I can offer a better rate of power usage than what hashflare can, due to the fact I spent a lot of time over past few years in trying to get power from local power company (council) to provide stable power on my block of land. Anyway long story short there was a group of us that won the fight and we purchased our own power poles cable etc transformer, so we own them out right. We signed an contract directly with the country power supplier a min amount we would use and split the cost over a group of us.. Now our local council are playing silly bugger and want to use our power poles to supply power and phone lines to some to other land that now been sold. So we are about to go into battle and work out a deal which is profitable,. Our cost of power is still good but the issue been raised we had to much excess power not used last year and I am thinking of doing a buy back of excess power and use it for a small mining farm but would also increase what we buy now. We did not taylor for everyone to use our power lines and the local power board are just trying to get a cheap ride.
If this works I would look at setting up a cloud mining farm. Now tell me I am wrong and just forget it..
But I also see many people been burnt like myself so I like to see if i can do it and who know a ROI that actually does happen. One main thing I would be open and have clear visibility of whom I am and even look at a buy back rate if possible, just so there is no crying or abuse I may be given. As I plan to mine till the last block if the machines will still be released for mining that are cost effective.
Hackers for web site etc well this still needs to be looked at and at what cost, but I don't have an issue this should be straight forward after good advise.
So I open to ideas and negative feed back, as I need to go in and battle how much power usage I require for another year, we all know these miners are like electric heaters on steroids.
So why not try.
Sorry for spelling I am stuffed after flying for many hours but i need to get this out there as to make a decision to go ahead or not,