Topic: Bitcoin Mining Sites - page 2. (Read 707 times)
If bitcoin mining sites doesnt pay you , then do you think that mining on your own is more better ? No meyt it does not . even if you buy your hardware and start on mining , you cannot expect to earn a descent income . you cant recover your roi pretty easy because you will also shoulder the cost of your resource such as electric bills , maintenance cost , not to mention the mining difficulty is now verry hard nowadays .
Most Bitcoin mining websites are fake. They never pay the price. So I'm not believing on the Bitcoin mining website. According to my knowledge, no one could earn from the Bitcoin mining website to date. So I do not work on the Bitcoin mining website and do not invest. Because there is no reliance on the Bitcoin mining website. They can scam at any time. So it is best not to work on the Bitcoin mining website. If you want to make Bitcoin mining, it is better to do it directly with your own equipment. Because Bitcoin mining website will never pay you for mining
Thank you.
Thank you.
I assume you are talking about "cloud" mining, which is where you pay a site to mine for you. Most of these are outright scams. The rest are not likely to make a profit.
Your best and most profitable option is to simply buy the bitcoins instead of investing in cloud mining.
I agree. A lot of people shared their bad experiences with cloud mining as it turns out to be a scam after they pay for it. Some sites pay for the first month as profit but after that they will run for your money and that is a clear bait or trap for those people who keeps on trying these kind of scams. Buying and holding is definitely the safest way to invest and we all know that already. Trading is also good but risky. Your best and most profitable option is to simply buy the bitcoins instead of investing in cloud mining.
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
You means cloud mining right?? We invest they give hastrate and we mining using that. Most of them is scam and cant survive. I already try many cloud mining also i invest but nothing. They colaps and stole my money. So i never trust cloud mining anymore. Better you invest in crypto hold it and sell in the the future, you control your money. That's is safe 
there are a lot of bitcoin mining sites like that, and I think they often only pay up front, and the continuation never pays, it's very dangerous.
I won’t recommend cloud mining investment for anyone at this time or other time because they don’t pay at some point wonits possible you don’t even make up to your capital before that happens. It’s even better to buy some coins and hold or learn day trading and start it. With this you can confidently control your funds
They are not worth joining anymore if what you mean are cloud mining sites I am in fact had a scam post about one cloud mining sites they are just plain and simple ponzi scheme and it will take you months to get a profit and much longer to get your payout if they will process your payout
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
Cloud mining isn't good business at all and that's because the mining difficulty grows fast, so if you get X number of hash power the income will decrease while the difficulty goes up, at the end could be hard to recover the main investment.
The mining you taking about provided by some websites are I guess cloud mining and personally I don't prefer cloud mining. I also have friends who mine bitcoin and other cryptocurrenies and according to them it is not worth it,they prefer traditional mining ways with their setup.
Without mentioning any names, I'm currently signed up with 2 "cloud" mining sites with minor investments of about 10$ each. I've managed to make back about half my investment (if you want to call it that) after about a week. These sites have since been flagged as scams and I think the only reason I may be seeing a return is due to the size of the contributions I've made. I'd be scared to invest more than that.
that is actually how they get you! first they show all signs of return and show a lot of good numbers to lull you into giving them your money and then they slowly turn the faucet off and after a while you realize you are losing money.
a couple of years ago they were even "giving away hashrate"! i even earned about 0.03BTC by claiming these free ones without investment before they realized they shouldn't let people withdraw without investing
I've joined a number of mines, and from what I've experienced, most mining sites are just scam. there are also some who actually pay, but only last a few days, after which it becomes a scam.
Without mentioning any names, I'm currently signed up with 2 "cloud" mining sites with minor investments of about 10$ each. I've managed to make back about half my investment (if you want to call it that) after about a week. These sites have since been flagged as scams and I think the only reason I may be seeing a return is due to the size of the contributions I've made. I'd be scared to invest more than that.
It is good to be true that there are sites like this that you can mine for bitcoin But as much as I know there is no good thing about this because as most people commented here are all negative with cloud mining because most sites like this are all fraudulent I ones knew Aurora mining where on its first run you are using it is a good source of small amount of bitcoin back then we can surely withdraw from it and think of it as legit back then, Then on some point after they introduce the investment system that if you provided an amount on your Aurora account your hash rates will increase, But after a few months we can not find the site aurora mining anymore and with the investment we provided, So be careful on cloud mining just to be safe.
I'm assuming that you are describing and found a cloud mining, as said it's unlikely you'll make much with them and you are likely to fall to a scam one so stay way from them.
You can mine if you have a real hardware miner (Avalon, Antminers). But being a small miner, competition is tough since the difficulty keeps on increasing, you have no match for big mining companies.
You can mine if you have a real hardware miner (Avalon, Antminers). But being a small miner, competition is tough since the difficulty keeps on increasing, you have no match for big mining companies.
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
I got scammed from cloud mining site before, if you are asking for a cloud mining site, don't invest your hard earned on cloud mining it's not worth it, people have proven that this is just a Ponzi scheme and they don't have actual mining rigs
I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.
if some company could afford the equipment, electricity and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...
there are risks involved with mining but the profit is not that unlikely. in fact profitability of mining bitcoin is one thing that you can always be sure about. for example right now price is very stable and miners are gaining a solid stable revenue from their computing power.
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
Think about it.
These sites offer to let you purchase a % of their mining potential,
if it really made money, they just mine btc themselves.
The scam is you pay them and they give you the ever declining bitcoin rewards,
which never equal the amount of fiat you paid them.
It's legit in the fact, you will lose money doing it , but they usually let you withdrawl bitcoin ,
until they go out of business or claim it is no longer worth it before closing shop and reopening under another name.
rinse / repeat
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
Mining is unprofitable at the moment unless you want to keep your mined bitcoins for really long term. Also most of the cloud mining companies are scams and will probably run of with your funds. If you want to learn about mining you should get a rig for yourself and document how it does work. Still you won't make any profits if you don't have a low-cost/free electricity plan, but it would be great for learning purposes.
I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.
if some company could afford the equipment, electricity and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...
I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.
yeah genesis mining is one of the few legit cloud mining sites out there . anyways , good for you because you are lucky enough to win a free contract from them . your also right , even if the said site is legit it is still hard to make roi due to the current market conditions and also to the increase mining difficulty as well .
I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.
You are years to late it's not profitable to do mining now and if you go for cloud mining, there's no guaranty that you will make much here, in fact, cloud mining is perceived to be a Ponzi scheme, it's much better to grab opportunity at this point of time by buying Bitcoin
better late than never and besides not all cloud mining sites are scams . cloud mining sites can be a good way to earn passive income aside from crypto investment and crypto trading .
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