Cloud Mining - Please help a newbie - page 11.

notlist3d

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Quote from: cryptodevil on December 07, 2015, 05:10:41 AM

Quote from: sambiohazard on December 07, 2015, 03:20:26 AM

5) no proof of h/w (thats why i am cautious with gigahash)

Actually, what is more important than 'proof' of hardware, which can always be faked, is proof of hashrate. This is extremely easy for the cloud mining operator to show live 24/7, they only need to show blocks being mined as they happened and from this can be extrapolated a rough hashrate.

The only problem with this is establishing that they haven't sold more hashrate than they evidently possess.

Which is why, if you really can't run your own hardware in-house but still want to mine, you're better off avoiding restrictive 'cloud mining' schemes altogether and simply renting actual rigs or straight-up hash-power which you can point wherever you wish.

You really need a vouch from a manufacture of asics. For example hashnest it is bitmain... so pretty good there. A second kind is like Bit-X where Bitfury came out to vouch they paid for 1PH of hash for their site.

So there is a few different way's but you can find good vouches for certain sites. Some will try to avoid this question on hardware.... those that do I would never invest with.

vurasasog

newbie

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Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io was very popular two years ago. But their electricity price and maintenance fee are high. Their miners are too old and not efficient any more.

cryptodevil

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Thread-puller extraordinaire

Quote from: sambiohazard on December 07, 2015, 03:20:26 AM

5) no proof of h/w (thats why i am cautious with gigahash)

Actually, what is more important than 'proof' of hardware, which can always be faked, is proof of hashrate. This is extremely easy for the cloud mining operator to show live 24/7, they only need to show blocks being mined as they happened and from this can be extrapolated a rough hashrate.

The only problem with this is establishing that they haven't sold more hashrate than they evidently possess.

Which is why, if you really can't run your own hardware in-house but still want to mine, you're better off avoiding restrictive 'cloud mining' schemes altogether and simply renting actual rigs or straight-up hash-power which you can point wherever you wish.

sambiohazard

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Pretty much everyone got scammed by GAW, it was very well done con. Also dont go all in from start but try with small amounts like $50-100 only to start or whatever you can afford to loose.

Signs of scam

1) no daily or regular payouts or minimum payout limit or fees on small payouts
2) discount on bulk buys or options to buy with mining income(eg hashflare although they seem legit)
3) delay in support request
4) no social media presence
5) no proof of h/w (thats why i am cautious with gigahash)

and after all that there is still chance of scam if you luck is bad. Also no matter how cumbersome it is always read the contract or at least do a quick search for fees & termination.

sambiohazard

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Quote from: knightkon on November 27, 2015, 11:19:25 PM

Quote from: sambiohazard on November 26, 2015, 03:09:36 PM

You can use links in my signature for cloud mining. I have found Genesis Mining very reliable & transparent in their dealings. There ROI time is a bit long but i will better be safe than sorry. I have been using there service for 6-7 months now and fully satisfied.

I am also trying gigahash.com with small amounts & no problems until now. both have daily payouts. All the best

Regards

Sam

I went to your link and I see that at one point in time they took Paypal as payment. Do you know how long it has been since they have stopped doing this? Also, what is your approximate ROI. Thank you for the information.

Only recently (a few weeks ago) they have disabled Paypal payments but my mining payouts are regular. I see someone used my referral to try so thanks to them i got my first affiliate payout on 5th

ROI for gigahash is around a year.

sambiohazard

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Quote from: notlist3d on November 26, 2015, 04:20:21 PM

Quote from: sambiohazard on November 26, 2015, 03:09:36 PM

You can use links in my signature for cloud mining. I have found Genesis Mining very reliable & transparent in their dealings. There ROI time is a bit long but i will better be safe than sorry. I have been using there service for 6-7 months now and fully satisfied.

I am also trying gigahash.com with small amounts & no problems until now. both have daily payouts. All the best

Regards

Sam

What I don't llike about genesis is the name "Lifetime Bitcoin plan" on buying contracts. No miner cloud or hardware is lifetime there a a point they are just too inefficient to run. So it's kinda a shady name in my eyes.

What are you saying ROI time is for them? I would remind people ROI is not guaranteed. Past ROI does not promise future ROI. Just look at what difficulty is doing right now, its kinda crazy.

I agree that its misleading although its very clearly stated that its valid only if profitable in contract along with fees. there ROI is somewhere between 1-2 years I guess but i only have very little amount. I dont know if these things scale.

notlist3d

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Quote from: kyrios_ on December 04, 2015, 03:10:55 PM

I think there are a few legit ones like genesis miningsweden and hashnest

There are a few legit ones out there. Yes it is true. I would have a perfect record if it was not for gaw... but I got scammed once. But live and learn. It can also happen in hardware to though. I used paypal to buy a terrahash miner long long ago when they never did live up to promises I was able to get money from paypal. That company ran with many peoples money.

So there are good and bad in cloud or hardware. Just make sure to research any investment before sending money. And if it seems to good to be true avoid it.

kyrios_

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I think there are a few legit ones like genesis miningsweden and hashnest

AikoniA

sr. member

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for now i don’t believe on cloud mining
most of them is ponzi scheme and scaming their member

notlist3d

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Quote from: kyrios_ on December 04, 2015, 02:12:38 PM

Quote from: notlist3d on December 02, 2015, 11:33:00 PM

Quote from: Warren Buffet on December 02, 2015, 07:54:07 PM

Quote from: Amph on November 29, 2015, 04:21:22 AM

Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io now is awful they don't deliver anything good anymore, it was decent at the beginning maybe and nothing more

right now you will never roi with them, also they maintanace fee is fucking high, it will eat all your income basically

Most of the legit miners have played this game. They manipulate their maintenance fee in such a way that people can hardly get their investment out. From KNC cloud to CEX.io, which were backed by real miners, the story is the same.

There are a few good ones out there. I do have a little in cloud, most of mine is hardware just as I love to tinker with them. But I do a few trusted cloud sites with just a little.

It's only bit me once was with GAW. I got greedy believing in them, and I lost a little. But was a good learning expirence they are part of reason I wont invest in a cloud I don't know has hardware. I don't ever care to have anything like a hashlet or whatever in my life again. I stick with legit cloud mining that is verified in my mind at this point.

Even I am not perfect.

GAW seemed legit at first. I guess everything is not for certain.

They were at first... but they got greedy and started selling digital miners with nothing behind them. I will never get what I lost back.... but at least I think there is jail-time coming - http://www.coindesk.com/gaw-faces-ponzi-scheme-charges-from-sec/ .

And this is why you should not go all in one place. Have multiple investments not one big one. I was lucky I did not go crazy and dump it all in when it looked great. I trust a few cloud mining operations but it is very few.

kyrios_

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Quote from: notlist3d on December 02, 2015, 11:33:00 PM

Quote from: Warren Buffet on December 02, 2015, 07:54:07 PM

Quote from: Amph on November 29, 2015, 04:21:22 AM

Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io now is awful they don't deliver anything good anymore, it was decent at the beginning maybe and nothing more

right now you will never roi with them, also they maintanace fee is fucking high, it will eat all your income basically

Most of the legit miners have played this game. They manipulate their maintenance fee in such a way that people can hardly get their investment out. From KNC cloud to CEX.io, which were backed by real miners, the story is the same.

There are a few good ones out there. I do have a little in cloud, most of mine is hardware just as I love to tinker with them. But I do a few trusted cloud sites with just a little.

It's only bit me once was with GAW. I got greedy believing in them, and I lost a little. But was a good learning expirence they are part of reason I wont invest in a cloud I don't know has hardware. I don't ever care to have anything like a hashlet or whatever in my life again. I stick with legit cloud mining that is verified in my mind at this point.

Even I am not perfect.

GAW seemed legit at first. I guess everything is not for certain.

notlist3d

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Quote from: Warren Buffet on December 02, 2015, 07:54:07 PM

Quote from: Amph on November 29, 2015, 04:21:22 AM

Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io now is awful they don't deliver anything good anymore, it was decent at the beginning maybe and nothing more

right now you will never roi with them, also they maintanace fee is fucking high, it will eat all your income basically

Most of the legit miners have played this game. They manipulate their maintenance fee in such a way that people can hardly get their investment out. From KNC cloud to CEX.io, which were backed by real miners, the story is the same.

There are a few good ones out there. I do have a little in cloud, most of mine is hardware just as I love to tinker with them. But I do a few trusted cloud sites with just a little.

It's only bit me once was with GAW. I got greedy believing in them, and I lost a little. But was a good learning expirence they are part of reason I wont invest in a cloud I don't know has hardware. I don't ever care to have anything like a hashlet or whatever in my life again. I stick with legit cloud mining that is verified in my mind at this point.

Even I am not perfect.

Warren Buffet

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Quote from: Amph on November 29, 2015, 04:21:22 AM

Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io now is awful they don't deliver anything good anymore, it was decent at the beginning maybe and nothing more

right now you will never roi with them, also they maintanace fee is fucking high, it will eat all your income basically

Most of the legit miners have played this game. They manipulate their maintenance fee in such a way that people can hardly get their investment out. From KNC cloud to CEX.io, which were backed by real miners, the story is the same.

Amph

legendary

Activity: 3206

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Quote from: farrukh on November 28, 2015, 04:04:22 PM

when I was a newbie I used to earn via cex.io.

cex.io now is awful they don't deliver anything good anymore, it was decent at the beginning maybe and nothing more

right now you will never roi with them, also they maintanace fee is fucking high, it will eat all your income basically

masnad

member

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I suggest dont do mining bro.

notlist3d

legendary

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Quote from: FX_Trader on November 28, 2015, 04:14:19 PM

Understand a little bit first like what is GHS and what is hash power, PM me anytime for any questions

I would suggest for someone new to post in here not PM someone. And it's nothing against you. Just in general PM's on cloud mining are more likely to try to slide in a referral vs what is best for person.

So feel free to post here... and get multiple people to anwser. Don't go to PM for getting cloud mining info. A lot of sites are crap is reason to be careful.

FX_Trader

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Understand a little bit first like what is GHS and what is hash power, PM me anytime for any questions

farrukh

full member

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when I was a newbie I used to earn via cex.io.

kyrios_

full member

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Quote from: sambiohazard on November 26, 2015, 03:09:36 PM

You can use links in my signature for cloud mining. I have found Genesis Mining very reliable & transparent in their dealings. There ROI time is a bit long but i will better be safe than sorry. I have been using there service for 6-7 months now and fully satisfied.

I am also trying gigahash.com with small amounts & no problems until now. both have daily payouts. All the best

Regards

Sam

Do you think a service where you can sell GHS versus buying a contract is more profitable? I.E hashnest vs genesis for example. Cuz I know some people who refuse to consider cloudmining if you cant sell your GHS

knightkon

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Quote from: sambiohazard on November 26, 2015, 03:09:36 PM

You can use links in my signature for cloud mining. I have found Genesis Mining very reliable & transparent in their dealings. There ROI time is a bit long but i will better be safe than sorry. I have been using there service for 6-7 months now and fully satisfied.

I am also trying gigahash.com with small amounts & no problems until now. both have daily payouts. All the best

Regards

Sam

I went to your link and I see that at one point in time they took Paypal as payment. Do you know how long it has been since they have stopped doing this? Also, what is your approximate ROI. Thank you for the information.

Topic: Cloud Mining - Please help a newbie - page 11. (Read 82148 times)