Topic: Can you trust stuff like Hashocean? - page 2. (Read 2466 times)

From my experience, do not trust any cloud mining,I had two very bad experience with them, I will not name them, but they were all very famous in this board.

Cloud mining, whether they are legit or not, is unprofitable.

For example, even if Genesis Mining is legit, I still did not make 1/4 of my ROI back, after at least 3 or 4 months. And the difficulty just keeps increasing... It's impossible to profit, especially with the upcoming halving.

Hashocean has a high probability of being a ponzi scheme. That means it's doomed to collapse. It might have good return rates, but you risk your money being stolen by the owner.

After all that has happened to me when it comes to investing, I would not trust any investment sites again. I've joined a lot of HYIPs and most of them ended up as a scam. I chose to invest in HYIPs instead of cloud mining because you can get your ROI in a shorter period of time. The thing is, they didn't even reach that ROI time. After getting some investors, they just runaway.

Cloud mining promises ROI after months or maybe even years. That's plenty of time for them to gather investors. Better invest in other bitcoin stuffs, like buying something and make money out of it than trusting some ponzi website out there.

There's a chance for you to actually get profit from HYIPs. It's when you invested a decent amount at an early date. If their website runs more than the time for you to get your ROI, then you'll earn from it. If the website is running for months already, and some people are starting to report pending withdrawals, then don't invest anymore.

It is your pick at the end of the day whether you will invest on Hashocean or not. I have put some into it and tested their services, so far so good but i haven't reach my ROI. I'll reach it by June if i remember. In my opinion, I think you're too late to invest in Hashocean, halving is approaching and there is a possibility that it will close soon. ( I am late also i think. *fingers-crossed to reach my ROI* )

From my experience, the answer is no, most of them are scam and the return profit is low, and nowsday cloud mining is difficult to earn profit and the risk is big

I would not expect to make a lot of return at cloud mining sites if any and would be happy to break even and get a slight profit in any case. I have invested before on CEX.io and I noticed that their pricing was adjusted in such a way to make profit off you because the increasing difficulty was not factored in the package. So the pricing and the projected earnings are misleading because the yield will be different in a real world scenario when we account for the difficulty and the changes in price. If I were you I would just sit on these Bitcoins for a few more months and see where the price would be after the halving because it would be possible to sell for 100% profit easily and it would be more profitable than buying imaginary hashing power.

Well if you are ok with taking the risk and having the chance to lose you your money, then go for it. I wouldn't recommend it though.

I invested quite a bit of money into GAWminers back when they were one of the most reputable name in the contract mining business. The possibility that they might scam never even occurred to me, they seemed way too legit at the time. In the end though I lost all of my money/Bitcoins. You should consider unlikely scenarios and be sure to invest only that which you can afford to lose.

start of real investment will take 3-4 moths and how can you secure that hash ocean will operate still after 3-4 months? I think it is just a waste of time and bitcoin investment if there's no assurance hash ocean already earned from your money before you start to earn from them. much better to look for a promising coin to invest with if you can wait for 3-4 months look for espers or cbx I think they can be big after that time frame.

no actually most cloudmining is scam so i dont like stuffs like these. i think everyone dont like stuffs like these so you will get same answer everytime.

i generally dislike any cloudmining service, they have bad return of investment. that is why i no longer follow them anymore. and also there is a lot of scams out there.

the only possible profit for me was a long time ago at cex.io where i could also trade ghs but all the good cloudmining services has long stopped their service because of the price.

There isn't really a secured/guaranteed way of earning passive income with bitcoin, if there was, everyone would do it, as for the site you mentioned, can't say anything about it, it may/not be legit, if I were you I wouldn't risk my hard earned bitcoin with cloud mining sites or any site for that matter but that's just me.

Here is a good thread on cloud mining, you should give it a read. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

There are many ways to do more money renting your equipmente than using yourself.
First, if you rent, your customer will pay for the equipment and pay fees for transaction.
Second, you have no guarantees that the equipment rented only mine what they are sending to you... so, you pay X amount, they send you 1/2 of the production and you will never know that.
third, with visits on their websites, they can sell marketing services(this one i dont know if hashocean use, but a lot others cloudminers have it)

So yeah, they can make more money renting them mining. but it's not easy.

@topic
A wouldn't recomend hashocean right now only because of the halving... but i have one old investment there and still paying.

Edit:
and i ain't saying hashocean isn't a scam/ponzi or any other scheme, all i'm saying is: i've invested, they paid their promises and i'm happy with their services.

bitcoin just like the casino you have to think about it this way .. ONLY PLAY WITH MONEY YOU ARE WILLING TO LOSE. don't come into this with your life savings or your money you got from grandma..

my friend spent 2 weeks talking me into bitcoin PERIOD.. i was highly skeptical on all of it after .. talking .. lots of talking i was willing to give it all a shot .. i am not talking for hashocean but this is my true as i type this story of my experience with hash ocean. actually ... i don't want you to sign up on hashocean. im not here to make friends im going to tell you the truth.

i told him to do it first .. put 100$ of his own money in to see if it was all legit .. we set up a wallet .. and we started.. it worked .. it payed out to the ROI .. he was the guinea pig. i wasn't going to lose my money over some "bullshit internet site". then the real test came .. there are three of us working together now after the first test. and we were completely aware it does give a incentive "ponzi type" reward for referring new members .. now.. personally do i give a shit ? .. no.. so we used that to our advantage and referred each others accounts so we all got a piece of that and we sent links out for more referrals .. i am making money .. not in it for morals.

now 3 of us each invested over $1000 worth of bitcoins into this (money that we can all afford to lose).... so as i type this ..all three of us get paid out .. never missed a payment. 2 of us have reached the ROI and i am very very close to my ROI .... yes i know the halving is approaching.. i know that mining will become difficult.. what is going to happen to our payouts .. i don't know.. all i do know is that these guys whoever they are whatever they are doing ... its paying out.

im not going to leave a referral link ... don't mine with them if you don't have "money" your not afraid to lose.

Doesn't make me excited at all.

Using cloud mining for ROI is as bad as farming accounts with YoShit campaign for the returns.Cloud mines won't run for long,once their target is met,they would have to dump themselves or like OreMine did, "We're hacked".

Holding is not a traditional investment for day traders.You can't simply wait for prices to rise to become rich,when you have other alternatives.I'd say ,invest in Alt's during open ICO's stages ,sell it before the ICO ends.Not a huge margin but a simple way of making few bucks.

I suppose you already know the risk seeing as you are a Hero member here. Cloudmining isn't a good idea if you ask anyone.
you could however just give some amount to test but that's just it. the highest maybe around 0.05 btc beyond that is your loss.

They posted proofs in order to attract others to join under their referral link, this will make them get more kh/s for free if they get many active referrals and this also will make them get faster ROI.
So the best way to earn from this kind of cloud mining site is just buy the minimum power but have so many active referrals. I have heard someone get more than 1000kh/s just from the referral earning but in fact he only bought 20kh/s..

For me i can't still trust them and this is still kind of ponzi schemes which is there is still possibility that the site will be scam in the future.. for now they are still giving some profit for their investors and if they get lots of investors to their service they will run just like other cloud mining sites and investment sites.. so if you investors just be carefuland just invest what you can afford to lose..

Here can you find the last cloudmining ponzi risk assessment. Like you can see they are most likely ponzi and will soon or later collapse. They are just like a pyramid system they pay people from other people there investment. This can go good for long period but once they can't pay the people anymore and start running.
https://bitcointalk.org/index.php?topic=878387.1620

Nope! I'll not trust cloud mining, i loss hope about it due to long time get ROI and already i loss some 0.xBTC on a cloud mining. It was happened when i know about bitcoin for the first time.