New cloud mining venture

So, PANews dropped some news on January 22nd saying GoMining, a Bitcoin mining company, teamed up with the luxury watch maker Jacob & Co. to offer this fancy limited-time combo. It’s called Epic X GoMining and they only made 100 sets, each going for a whopping $40k. Each package comes with a cool Bitcoin-themed, manual luxury watch that supports blockchain tech and a digital mining rig certificate with a computing power of 1000 TH. Basically, if you buy this, you can earn a slice of Bitcoin mining profits from GoMining’s actual mining operations, which could net you around $7k a year after paying for electricity and maintenance. You can grab this bundle either at Jacob & Co.'s shops in New York and Miami, or online through their website and the GoMining platform.

good luck with that idea.

The release is limited and only 100 sets are available. They didn't mention how long access to 1 PH/s account would be available. If access is only available for a day, a week, or a year, that wouldn't be a good deal. Assuming an electricity cost of $0.06/kWh, I don't think a ~1 PH/s hash rate would generate an annual income of around $7,000. The watch design looks elegant.

This is how Bitcoin is used for marketing purposes to promote their product. If that 1000th is free forever, why not? I am sure many people would be interested, but my guess is if they offer it forever, they will vanish after a year. Shake Shack would be much better to buy than this because you can instantly rewarded when you buy burger from them.

It is just under 40 a day or 14400 a year. Before costs.  So a set of 4 s21xps burn 3.2x4x24 kwatts that is about 300 kwatts at 6 cents is 18 dollars. So that's about 7000 a year. So you net 14400-7000= 7400 Now I personally  think they won't pay the btc for a long time at all. The math i used did not include the gear which is 4 s21xps they cost around 20k. The building and people running the mine. Maybe you get a years pay or maybe 2 years pay.

All I see is a company using bitcoin to promote their business. Currently it's a win win for them. You buy an overpriced piece of watch with same amount of money capable of setting up mini mining farm... Makes no sense to me though. Someone out there is probably making up a math that in 6 years they'll still have the watch and their money back plus an extra 2K lol.. Personally I'd prefer to just run a mini farm with the thinnest opportunity for me to get a block reward. This company just has wants to expand their mining capacity with an overpriced watch.

for 42k you could buy  4x s21xps from altairtech.io mine them at my host iowamining.io 2 years. 1 miner pointed to solo 3 miners pointed to viabtc.        after 2 years you would likely have about a 2.6 percent chance at a block and around 24,000usd in btc Also the gear would likely be running  and not vanished plus I froze prices and diff to get this set of numbers. I would still prefer this. Over a watch and 1ph of cloud hash.

The idea is great, you can sell anything, starting from a condom with a hashrate of 0.5 terahash If I need a good watch, there are many companies on the market with a lot of experience, but if I need ASICs, it’s more profitable to buy them from a trusted seller.

This is still a good offer compared to their previous one; Jacob & Co Astronomia Solar Bitcoin came in a special edition of 25 pieces and was priced at $348,000. Epic X GoMining comes with 100 pieces, and if it's a 1 PH/s account for two or four years, it would be a great deal.

I don't think they are going to do that since the purpose of this is to make profit. 1PH/s for 3 years looks like you get the watch for free; with the current price, you can earn $1,106.32 monthly if BTC price becomes bullish, this monthly profit might change to a higher profit in 3 years; you can get around $40k or more than that since it's the next BTC cycle. There's a possibility you can gain more than $60k in profit with free electricity. I research a bit and it seems that they offer $0.05 Electricity rate. I'm sure they know that thing. If you are the owner of that company, do you think you can offer that? That's good to be true, honestly. The source from gomining doesn't show much info about how long, but it looks like they offer it forever, as the mining with 1000 TH/s mining maintenance and electricity is still profitable, so it is free forever. Meaning this is too good to be true, but we are not sure yet because this is how marketing works. Once they officially introduce this on Feb. 10–12, 2026, it might change later; that's how marketing works to make people interested.

Reminds me of the old times when a certain failing phone company claimed that they were to partner with a certain blockchain service and produce and sell smartphones that were built on the blockchain. In the end the hype died down, people waited forever, and the promised future never happened. Meanwhile, the people behind the foolery pocketed millions of dollars in investments and sales. This time round, someone is just trying to use the Bitcoin name to sell off their bullshit.

I can bet it with anyone that this is not going to work out, it's not going to end well either✅ This company wants the profits and that's all, I am just pissed as why they involved Bitcoin, simply to attract the gullible rich people around the world? Imagine making cool profits between 2022 and 2025 holding Bitcoin, then you believe that this is the next step to making even more Bitcoin , and one day they just vanished into thin air, you will probably faint. Cloud mining is not coming back, unless a new free energy innovation comes to life, oh yes, this reminds me of a solar panel system that's just been invented, it's capable of working in the night after the sun is down, imagine still getting power supply from the panels at night, this could game everything. The bad side of using solar panels to mine is battery backup after the sun is down.

GoMining is a mining company. Selling 1 terahash for 3 years for tens of thousands of dollars is a great deal for them. It's a very profitable deal for a mining company. I'd sell off my entire hashrate like that if I had the chance. I'm not rich, but I think a rich person would rather buy a Rolex.

Title of this thread isn't exactly accurate. The domain already registered since 2015[1], while they (GoMining) claim they started since 2021[2]. [1] https://who.is/whois/gomining.com [2] https://gomining.com/about-us

Based on archive.org, the domain was being bought by hugedomains.com and selling it as premium domains around 2015, and if you advanced to 2021, the site was established and offered miner hosting. That's the first impression of the gomining site. It was sold multiple times. So the current owner might be telling the truth that they started in 2021.

Does Jacob & Co guarantee that GoMining will fulfil their promise and won't scam people? I don't like this kind of partnership because cloud minings are usually a scam and if I were the owner of Jacob & Co, I wouldn't risk such a deal with potentially a shady company. I can't find information about that either on gomining.com Maybe users will have access to 1 PH/s till mining by gomining.com will be profitable, like genesis-mining had. The good news is that you can sell your miner on the GoMining marketplace whenever you wish. I don't think it will be free forever. If they have an unlimited plan, then it will be available till mining is profitable and generates at least 1 cent per 24 hours.

Why deceive people? If you bring in a lot of clients who pay $40,000 for a clock and 1,000 terahash, I'll be a millionaire The hash rate is growing, and electricity is getting more expensive every year. If the profit in the first year of mining is $7,000, then in the next two years it will be even less. Each client brings in over $20,000 in net profit.

Honestly, this is a lame decision by the luxury watch brand Jacob & Co, which a lot of celebrities can do without using their brand. If they want to get the attention of Bitcoiners towards their brands, they should have done it in a genuine way, not partnering witha  Bitcoin cloud mining company that always comes up with different stories, the scam, and tying down their users. Whoever advises the partnership is technically not in his/her right sense.

Why is this a scam? People buy a Gucci bag for $5,000, and the manufacturing cost is no more than 10% of the price. This is a business where famous brands profit from people's desire to be fashionable and trendy. A miner knows how to count and won't buy it for profit, but a rich major might well make such a purchase.

Yes, the offer seems too good to be true, but I consider it to be a scam because of the cloud mining model of operation for years, and I don't think anything has changed about it. Therefore, the mining BTC payment will stop anytime, part of the fund can be used to get a good watch, and still get a good condition miner from a reputable seller setup mini mining farm. What the 2 brands offer is a luxury with  BTC mining, but the mining will end at some point, so i consider it to be a scam, though it's legitimate.