Cloud mining | Bitcointalksearch.org

Lainta

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Quote from: AvianLord6495 on November 23, 2022, 02:58:51 PM

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

If you believe that you will get huge Profit to invest in Cloud mining site but you are wrong you will lost all you money because Cloud mining site almost all site will be fake and scam. They don't pay if you invest in these site.

kelonmusk

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In my opinion OP's biggest mistake if you invest in a cloud mining site. I understand that you want to make money fast, but investing in a cloud mining site is a bad idea.

The reason is quite simple: it is difficult to actually make large amounts of money in cloud mining within a target of say $5000-$6000. I think, unrealistic target.

Basically, rivalry cloud mining is trying to cut costs and sell more hashrate than their competitors, and profit margins, so it's impossible to achieve big targets. If you have money to spend on these sites, instead of losing it, why not buy some altcoins from an exchange and keep them for a few months or take profits in small increments. Especially now that the market is on the rise.

Vaskiy

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Quote from: Silberman on November 27, 2022, 06:13:09 PM

Quote from: Jawhead999 on November 26, 2022, 12:39:00 AM

If you think cloud mining will make you to earn daily profit without doing anything except initial investment, you're wrong since there's no such free money in this world. If you have money and want to mine, it's better for you to earn about cryptocurrency especially Bitcoin and then learn how to mine, how to take care your mining rigs, how to calculate the profit etc. You can also earn if you live in cheap electricity cost and know what you're doing, without using scam cloud mining.

This is just another example of people which are not willing to leave behind the convenience of the fiat system but still want to earn money in this market, if people want to mine bitcoin or any other coin then they need to buy the equipment necessary to do it, this idea that they can rent the hash power from other miners to get profits is ridiculous, and yet newbies want something like this so scammers give to them the illusion this is possible only to scam them in the end.

From the very beginning days of cloud mining it isn't possible to find a single cloud mining platform to be trusted. Every platform gives attractive earning chart and the same mesmerise the beginners into the market without understanding the reality behind cloud mining.

First everyone should understand about mining. There are hosting services provided at specific terms and conditions. Some of the trusted members of our forum is doing it with perfect data shared at specific time interval. Such kind of services can be believed against the cloud mining which is a scam approach from the beginning. It was at its peak during the year 2018.

Silberman

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Quote from: Jawhead999 on November 26, 2022, 12:39:00 AM

If you think cloud mining will make you to earn daily profit without doing anything except initial investment, you're wrong since there's no such free money in this world. If you have money and want to mine, it's better for you to earn about cryptocurrency especially Bitcoin and then learn how to mine, how to take care your mining rigs, how to calculate the profit etc. You can also earn if you live in cheap electricity cost and know what you're doing, without using scam cloud mining.

This is just another example of people which are not willing to leave behind the convenience of the fiat system but still want to earn money in this market, if people want to mine bitcoin or any other coin then they need to buy the equipment necessary to do it, this idea that they can rent the hash power from other miners to get profits is ridiculous, and yet newbies want something like this so scammers give to them the illusion this is possible only to scam them in the end.

joeperry

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Most people here are right, it's now too late to invest in cloud mining or use service like that as it would most likely a scam or otherwise not a good investment. If I can remember some people invested $300 or something like that and he earns I think lower than that or just $5-10 monthly profit. If you would like to have passive income I suggest to stake on Binance, that's way more safer than investing to cloud mining (just my opinion). But still, consider the platform on where you're going to invest to avoid getting scammed.

Jawhead999

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If you think cloud mining will make you to earn daily profit without doing anything except initial investment, you're wrong since there's no such free money in this world. If you have money and want to mine, it's better for you to earn about cryptocurrency especially Bitcoin and then learn how to mine, how to take care your mining rigs, how to calculate the profit etc. You can also earn if you live in cheap electricity cost and know what you're doing, without using scam cloud mining.

Crypto Legend

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After I was exposed to several cloud mining sites, I was no longer investing in cloud mining, and I suggest not to invest in cloud mining because of the huge scam potential, if at first they paid then when they got a deposit from investors then they immediately became a scam, Beware.

Yatsan

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Quote from: so98nn on November 25, 2022, 08:33:49 AM

After reading your title itself I was like - NOPE. You might know this but cloud mining is oldest scam you can ever find in the crypto community. Before 2017-18 it was really on the boom and many peeps got looted for their investment. That is get quick rich scheme and it’s better to stay away from it.

Experience- Swiss Alps Mining company. They literally gone so far that they sat up real mining blocks in Greenland and shown their logos, peeps working around and what not. It was so trustworthy project but slowly it turned out to be scam. Better think 100 times before joining.

People are just finding an easier way to earn profit. Mining is indeed profitable but it won't be cheap such as with cloud mining. Building your own rig would be the best if you are really interested with mining but considering the value of Gpu's for sure it would cost you not only dimes. Another factor is electricity wherein it is also expesinve to some countries such as with mine. A friend of mine living on the same country tried to do so. Well he now manage to get procit from ASIC and GPU mining but it cost him a lot. He needed to buy many in order to cope up with the money he used for resources and equipments. In short, cloud mining it too ideal and unrealistic especially nowadays.

serjent05

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Quote from: so98nn on November 25, 2022, 08:33:49 AM

After reading your title itself I was like - NOPE. You might know this but cloud mining is oldest scam you can ever find in the crypto community. Before 2017-18 it was really on the boom and many peeps got looted for their investment. That is get quick rich scheme and it’s better to stay away from it.

Yeah, cloud mining is one of the oldest scams in the crypto community. There are lots of developers and companies that took advantage of cloudmining scheme to scam people. If anyone of you remember PBmining, Hashflare and more. If anyon is not convinced that cloudmining often exploted by scammers, you can refer to this articles:

Crypto Scam Continues, 31 Duped In A Cloud Mining Scam
Seeking Victims in the HashFlare Investigation
Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme
and many more

Quote from: so98nn on November 25, 2022, 08:33:49 AM

Experience- Swiss Alps Mining company. They literally gone so far that they sat up real mining blocks in Greenland and shown their logos, peeps working around and what not. It was so trustworthy project but slowly it turned out to be scam. Better think 100 times before joining.

It is a good thing for CEX.io to change its service before they are forced to turn scam. CEX.io is possibly the largest cloudmining service during that time, even though the largest they still unable to sustain the service reason why it changed from cloudmining to bitcoin and crypto exchange services.

so98nn

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After reading your title itself I was like - NOPE. You might know this but cloud mining is oldest scam you can ever find in the crypto community. Before 2017-18 it was really on the boom and many peeps got looted for their investment. That is get quick rich scheme and it’s better to stay away from it.

Experience- Swiss Alps Mining company. They literally gone so far that they sat up real mining blocks in Greenland and shown their logos, peeps working around and what not. It was so trustworthy project but slowly it turned out to be scam. Better think 100 times before joining.

Bitcoin1216

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Pawsome

Quote from: AvianLord6495 on November 23, 2022, 02:58:51 PM

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

I once joined many cloud mining programs from 2014, even I knew cryptocurrencies because I was originally interested in investing in cloud mining that gave ROI's promise in just 3 months, initially it was proven even after getting a referral I got a lot of profit, but this made me add investment but eventually becomes a scam.

masulum

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hmph..

Quote from: livingfree on November 24, 2022, 05:08:30 PM

How much was your money there? So, there's already that change of terms that they do frequently. That's already a red flag and yet they haven't been taken down too early during that time.

Not much, I invested less than $100. So it's not so painful even if they become a scam. However, as long as I am a member, I have earned around $100 from mining excluding capital. But it is only nominal as there is no way to make withdrawals.

Quote from: Wahyuihib on November 24, 2022, 01:07:59 PM

It seems that your wish is the same as mine. I also have always been looking for eth and btc mining sites that give results quickly. However, it seems that it is very difficult to find it, especially if the site we are referring to is without making a deposit first

ETH has moved to the stake method, if anyone offers ETH mining, it's 100% a scam. BTC mining, you should buy your own mining hardware, don't use the cloud, because cloud mining will only lead you to become a scam victim too. There are no quick results, every mining service if offering you instant/quick/fast ROI 100% i'm sure its a scam.

livingfree

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Quote from: masulum on November 24, 2022, 07:22:37 AM

Quote from: livingfree on November 24, 2022, 06:07:03 AM

@OP, have you seen this news? HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

Haha, I remember when I'm using their service and never find a way to makes a withdrawal since they are always change the minimum terms to request a withdrawal. Until i they are turn as a scam i never get my money Grin

How much was your money there? So, there's already that change of terms that they do frequently. That's already a red flag and yet they haven't been taken down too early during that time.

Well, that has brought them down and they're in jail now. Hopefully, that they wouldn't be granted any bail on this case and that's going to be the payment for the people that they've done wrong.

Wahyuihib

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Artemis

It seems that your wish is the same as mine. I also have always been looking for eth and btc mining sites that give results quickly. However, it seems that it is very difficult to find it, especially if the site we are referring to is without making a deposit first

Hildentine

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I think its all are fake because in the start they will say start your mining and they write a number which you reach then withdraw your amount and you will reach the given figure so they say need a fee if you send fee so they can't give you your reward so according to my experience is that stay away these type website they can't give him profit.

nimogsm

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Quote from: AvianLord6495 on November 23, 2022, 02:58:51 PM

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

You probably missed the news Binance just recently launched a cloud mining service, but all packages were sold in just a few hours.If you are interested, then monitor their website and maybe you will find what you are looking for.

isaac_clarke22

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Quote from: AvianLord6495 on November 23, 2022, 02:58:51 PM

~

Cash mining? This isn't the good old days anymore unfortunately, OP. Even faucets which is another way to get some Bitcoin are not worth it anymore unlike back in the days. You would be better off day trading or long term holding rather than pursuing these sort of "generators".
Maybe start your "online content creation" in Youtube first, monetize it, then invest those earnings in crypto or possible a mining rig if you are after mining by your own. Can't give you further advice in Mining since I have not done that yet by my own.

masulum

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hmph..

Quote from: livingfree on November 24, 2022, 06:07:03 AM

@OP, have you seen this news? HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

Haha, I remember when I'm using their service and never find a way to makes a withdrawal since they are always change the minimum terms to request a withdrawal. Until i they are turn as a scam i never get my money Grin

@OP with your current money, you don't need to use cloud mining to get BTC, just trade it, with trading skill you can increase your BTC. if you don't have a skill to trade, just hold it and save your BTC to your own wallet (electrum or Bitcoin wallet). If you wants to buy an altcoin, and wants to increase your holding, try to find altcoin with staking feature. such as Cardano, Uniswap, Pancakeswap. But same as using cloud mining, if you wants higher rewards, you need to invest more.always DYOR and DWYOR before you make a decision.

$crypto$

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Smart is not enough, there must be skills

How did I get stuck in cloud mining, basically I didn't know anything and just looked at the ROI that was given, while we didn't know the risk was big enough to lose everything, so it's better to stay away from cloud mining many people have warned here.

Quote from: rozak on November 23, 2022, 05:14:50 PM

It would be better for you to put the money you have into the casino and play with your luck than for you to deposit it into cloud mining. or maybe you prefer staking on the exchange, although that is also quite risky.

That's not a good suggestion either if you enter the casino just looking for luck whereas how he doesn't want to lose his money, so it's better to trade or invest in bitcoin, it's quite safe than cloud mining.

livingfree

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@OP, have you seen this news? HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

If you haven't, hashflare is a cloud mining that has been there for a long time. But they've just been arrested recently, the problem is despite that they've been operating for long and there has been call outs from the community that people shouldn't invest on them.

The authorities were quite late on arresting them.

Topic: Cloud mining (Read 298 times)