They won’t provide any of those information
they just promise hash-rate and deliver it
Why would they not be able to provide an account balance?
Azadmard is talking about the questions miner asked a few posts back. There’s quite some things we are indeed very sensitive about, but we’re looking to see what we can share, besides the picture we posted earlier
As for the balance, by default, the PAYOUTS page will list all daily transactions to your wallet. If nothing was sent to a wallet, because there is no wallet, or minimum amount for payout has not been reached (to avoid dust payments or to avoid issues with receiving end not accepting smaller amounts), then at least the PAYOUTS page will show how much is added to your balance. But it does not show the total balanced amount, so for now you need to keep en eye on the daily additions to keep track of the total. A solution seems simple enough, show the total, but our developers have mentioned there are additional or related issues, so sadly it’s not just a matter of 1 plus 1.
Reason they won’t say how much H/S each GPU gets is because you are most likely getting ripped off and paying $3000 USD while they mine with 1 GPU which cost them $150.
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That’s the reason ;-), but I think they still need 2-3GPU for getting hashes like 60 h/s. And this cost less then 3K @ GM
Don’t forget there is still no stable GPU mining Software…, and there also other costs:
3 x R290 ~ 1KW x 0.1$ x 24 x 365 = 876 $ electricity costs …
I think its a fair deal. But after I know which GPU card gets the best value @ mining, I will start to build my own rig (When it becomes profitable, this no one really know …)
And maybe there will be another double to 120H/s wink wink @ GM 
R9290 never use 333Watts, maybe 250Watts.
Also I highly doubt they pay $0.10kwh for such a big operation. They get discounts on power most likely and pay like 3c/kwh.
We offer cloud mining services for those who simply want the most convenient mining experience possible or who prefer not to mine at home due to loud noise, excessive heat, high electricity costs, lack of space, lack of knowledge, and so on. We invest in significant amounts of facilities, electricity deals, cooling systems, security, motherboards, CPU’s, GPU’s, PSU’s, top-notch hardware and the best software available to help create an efficient mining operation. We build teams of experts for development, customer support, mining assembly, and repairs to ensure that the customer’s mining experience is disruption-free throughout the entire contract year.
If someone wants to begin mining and wants to participate in the Zcash cloud that we have already invested in, all they need to do is sign up for one of our contracts which is customizable to different levels of interest and investment. The prices never change during the contract, so you have a clear understanding of the total costs before you sign up for the plan that fits you best.
Is cloud mining the only option out there? Certainly not. In fact, many people create home mining facilities by using their own hardware expertise to develop the exact kind of setup they are looking for. If you can beat the already mentioned downsides and costs, then this could very well be the best option for you. But we realize that there is a significant number of people interested in mining that do not have these capabilities or that see cloud mining as their best option. That’s why we decided to build a solid, reliable mining service, to help those people leverage the power and efficiency of a giant mining operation, from wherever they wanted to.
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And for the other side of the story…
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cascadiacrypto, you run your own mining facility, and quite an impressive one judging from your description, which is absolutely great. You are doing the exact stuff other people can only dream about. But you do realize you are an exception, right? Again, for a lot of people running even one single mining rig is not an option, which is why we offer cloud mining. In that context you can post a link to a video that once again refers to mining at home, but for a lot of people the only other side of the Zcash cloud mining story is not mining at all.
As for returns versus costs, risk is inherent to any investment in cryptocurrency related opportunities and you should always make estimates of costs and possible returns. There are a lot of sites that offer information and tools for doing just that within a few minutes, no need to watch lengthy videos. We use this one frequently to those asking us : Cryptocurrency Mining Calculators and Profit Calculators - CoinWarz. Ofcourse for Zcash not much is known yet. Profit is no guarantee, neither is loss, but since Ethereum mining was mentioned, a lot of people that bought an Ethereum contract already made good profit well before the end of their contract. We have high expectations for Zcash, as do others that build mining clouds to facilitate opportunity to others, as do the many that buy contracts so they can participate in a mining adventure they may not have been able to otherwise. A lot of people know the risk and understand quite well what they are getting into. And for those we will provide a very strong and well managed cloud operation with maximized opportunities.
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“Lengthy Videos”? Like the flashy ones you post all over Youtube? I get it, it’s “marketing”. Except for when you use a paid actor pretending to be “just some dude”.
So you would prefer people not to watch the video I posted. I’mnot surprised. Math is truth and the fact is most people would have been better off spending that $4400 buying Ether or a 100 MH/s mining rig (5xAMD R9 380s+MOBO+Power=around $1500 max) and hosting (about $50/mo if they didn’t want or couldn’t have it in their house).
People will do their homework and people who don’t like to do math to work out their ROI will still buy into contracts they have little chance of seeing a return on investment.
There is something immoral in my honest opinion about someone selling people contracts when that person, organzation or company knows they will never see a decent return on investment.
The fact is if someone bought $4400 worth of Ether and held it for a year they’d be 10 time richer than if they had bought one of your contracts simply due to the difficulty going up over the length of the contract.
Long cloud mining contracts depend on the people buying them to be ignorant of that small detail as well as many others.
Information wants to be free so I freely de-mystify the mining process so people understand their options, risks and rewards. If that runs afoul of the plethora of cloud-mining scams that cryptocurrency is full of, so be it.
I’m for transparency, open sourced knowledge and logic. not snake oil sales.
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It just depends when you jump into the mining train, you’d better join at the start
Both Home mining and cloud mining are just fine if you start as soon as the network go live, of course home mining ( owning your own rig ) is by far the best option, however it is an option who are not available to anyone.
At this point of time I still think cloud mining is not a better option but if you cannot or dont want the inconvenience of owning and maintaining your own rig, cloud mining is better than waiting for exchange to make them available for speculation…
The problem is that you guys are charging so much for this cloud mining that ZEC would have to be priced at $150USD a coin just to BREAK-EVEN. See my other thread where I did the math why I chose $150.
I think when people are paying for your cloud mining, they don’t want to break even, they want to double, triple, quadruple their profits. What are the chances of ZEC ever being $300, $450, $600? Very slim. At least within the next year.
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Someone that hire GM hashing power can tell me the fees that they charge??
For exemple, on the 60H/s how much fees need to be payed?
@miner
To answer your questions, at least partially:
Will this farm be anywhere near as large as Enigma?
Enigma was specifically built for Ethereum, which needed to mature it’s network for quite a time. As anyone else, we cannot foresee the future of Zcash, but if the demand should keep growing as of now, we’ll certainly try to keep up with it.
How many GPUs total are dedicated to Zcash? (or expected to be by launch)
As a company we see the technical details of our operations as intellectual property that enable us to distinguish our value proposition from our competitors. By not disclosing certain details we are protecting both our customers and our own investment. However, we do post images and videos (here in this thread, on our Blog pages, and on our Youtube channel) because we understand the interest and the necessity and we try to be as transparent as possible.
What is the primary GPU used? (If you can’t say exact model, at least clue us whether R9 or RX line)
See also the previous answer, but you may be able to make out the models when you zoom in on the farm images we posted.
Is there automatic failover? If not, how is it handled if the miner that my 60H/s is on dies? What % of your farm is dedicated to backup hashrate?
We’ve specifically developed our mining software, Genesis Hive (see http://www.genesis-hive.com), to monitor and analyze every single change in our mining operation. A lot of processes are automated to ensure every rig is optimized and is running on it’s maximum. We have got a lot of safety checks in place to ensure you’ll never lose a single hash.
What % of the farm will be private mining? I’m sure some owners/investors have their dedicated portion.
Sadly we cannot answer this.
If contracts are left unsold, will those miners be run or powered down until hashrate is purchased?
There will be no contracts left unsold. We expect to be sold out today even!In general though you can expect that any company that has invested in miners will run them. Having them sit on the shelf is very costly as well.
As for us charging too much, we cannot offer this for free. We hope we can do this for a price that everybody, including us, benefits from, but sadly we cannot look into the future and we cannot neglect the costs, efforts and enormous risk we have already put into this. Double, quadruple, yes, we all want that to happen, overnight if possible, but there are no guaranteed money making machines. No one knows how much hashrate there will be active, how much coins you will mine, or what the price will be. The Slow Start is different at least from other startups, as is the mining approach versus the nowadays popular ICO’s. The effect on value is once again not known so actual returns remain to be seen. But again, through cloud mining you have clear upfront costs and you can make an investment as little or as large as you want. We’ll know a lot more next week and onwards. But what we have built for Zcash will run for the entire contract time at least, and Zcash will benefit one way or another, or even a few ways, from the very large, steady portions of hashrate.
@JonesSkill There are no fees charged, just the upfront price for 1 year of mining.
Thanks for the info!
Will you be offering Hive & the GPU (AMD) miner to customers as you have previously? Meaning that a farm could get access to Hive and the mining software? If so, please PM me as I have been in contact with Marco previously regarding Hive for Ethereum.
Hi @DanLar75
Good question! For now we don’t offer our Zcash GPU miner as it is an intellectual property and we don’t want to expose this critical part of our operation. If there is an open source Zcash GPU miner in the future and it integrates well with our software infrastructure, we will add Hive support for it so that everyone with a large mining Zcash farm can benefit from proper monitoring.
If you still have questions, there’s a contact form on the Hive’s site you can use and you will be contacted by the Hive people that can help you directly with your questions and farm(s).
Hello miners!
At this moment we have no more Zcash contracts available! They’ve sold out today.
Our team is working day and night to increase capacity and while we hope to get sales available again before launch, we can’t guarantee it.
We’ve been working around the clock to make sure that contracts have the greatest degree of efficiency and value possible.As a result of the development team’s efforts we were able to increase hashpower by a factor of 6 since we began offering the pre-sale of contracts.
Behind the scenes we continue working, we never stop really, but we’ve managed to do quite a lot and wanted to share some more photos of our efforts to bring you the best Zcash mining cloud:
Thanks for your support and stay tuned as we get closer to the Zcash launch!
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You guys want to see the income from Genesis Mining?
I found this video, enjoy!
lol, nice work on the video for getting EXTRA referrals but registering is now CLOSED 