Cloud Mining Scam or legit - page 3.

passwordnow

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Quote from: truthstalker on October 11, 2017, 05:56:53 AM

Cloud mining is almost always a scam. You only have to search the scam accusation board and you'll find several cloud mining threads there. I think I've seen 2 successful companies running cloud mining. But then it's just a pyramid scheme in disguise. Don't do cloud mining guys

Not almost but they are really scams and if you don't want to be a victim of those cloud mining don't believe if someone endorses and advertises a cloud mining here in forum. And with those successful cloud mining companies you had mentioned are they hashflare and genesis mining? They are the most popular cloud mining but still I won't put any single penny on them just to be sure.

mamesso

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In 2013 ago, I searched the faucet and searched for cloud mining.
no one pays, it's just a waste of time.
until finally i found this forum.
I recommend no longer believe in faucet and cloud mining.

truthstalker

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Cloud mining is almost always a scam. You only have to search the scam accusation board and you'll find several cloud mining threads there. I think I've seen 2 successful companies running cloud mining. But then it's just a pyramid scheme in disguise. Don't do cloud mining guys

vintages

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Quote from: manchester11 on October 03, 2017, 02:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

OP, I was once in your shoe.
When I first started with bitcoin, I did quite a lot of faucet, viewing ad and so sort of others things.
Then I saw cloud mining and I thought it was the deal and better than faucet, guess what, I was cheated!
I paid but wasn't evening receiving the profit of what I paid for, it will take you months to recover your normal payments not to talk of the normal profits. There will be a time that they stop paying and they will expect you to upgrade..(another scam).
My opinion OP is that they are not worth it, though you might find good ones but it will b quite hard.

yndye

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Quote from: manchester11 on October 03, 2017, 02:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

I started in faucet too and then proceed to join cloud mining because it promises huge returns and I end up being scammed. There are sites maybe that are not scam but it gives so small earnings that you will still end up losing rather than earning. There are so many HYIP sites that promises just days and you will get back your return of investment but more often than not those are scam too. One hint for you is that if the return is too good to be true then maybe it is.

Drixy

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reading.......

Quote from: black014 on October 08, 2017, 11:27:29 PM

Quote from: btcrenew on October 03, 2017, 03:24:06 PM

Stay away from cloud mining. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI.

yeah, that was true almost cloud mining site are not legit, do not trust. wasting your time into that site making your invest loosing. it's better to participate to a signature campaign instead of investing to scam site like cloud mining.

Well as of for now we dont have the good mining site yet though in 2012-2013 when still many minings and more profits made through that . Then our dawn is not the right tme to prepare such thing as mining because a lot od that lately has no profitable guarantee that you can make ammends on your capital youll only waste time and precious energy to such a slow income business why struggle to that if you have bitcointalk forum

nerverd99

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Quote from: manchester11 on October 03, 2017, 02:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

When the cloud mining new open their project , their will pay you fast , trusted and can withdraw , but when their have much customer , they will be scam ur money and never pay for you again , u lost u money. they scammed u. i never trust any cloudmining btw. Cheesy

iqlimasyadiqa

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Quote from: tonlong on October 10, 2017, 09:59:32 AM

Cloud mining is not worth buying ever and i think there is better ways like holding coins or mining yourself. Don't waste your time with it which is nothing more than a scam.

Cloud mining is just a step to waste time we have. as a person who knows bitcoin makes me believe that cloud mining is a system that can destroy the money we have. the proof of many people who lose a lot of money because of losses after investing in cloud mining. although there are some legit cloud mining but that does not guarantee that we will benefit, they will play time until we finally lose all the investment we have.

tonlong

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Cloud mining is not worth buying ever and i think there is better ways like holding coins or mining yourself. Don't waste your time with it which is nothing more than a scam.

blockman

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Quote from: crairezx20 on October 09, 2017, 11:17:18 AM

Quote from: blockman on October 09, 2017, 08:59:58 AM

Quote from: black014 on October 08, 2017, 11:27:29 PM

Quote from: btcrenew on October 03, 2017, 03:24:06 PM

Stay away from cloud mining. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI.

yeah, that was true almost cloud mining site are not legit, do not trust. wasting your time into that site making your invest loosing. it's better to participate to a signature campaign instead of investing to scam site like cloud mining.

In my way of thinking all of them are scams, I never invested to a cloud mining but base on what I've studied most of them are just giving every investor a sore when they are saying a lot of percentage that will be distributed to the investors. It's too good to be true and don't be some quite ignorant without knowing if that company is a legit one hence just choose trading instead of cloud mining.

There is no legit base on what i experience of many cloud mining site there are some cloud mining site that can stay for long but in the end they will give a reason that they hack even its not .. the same happen in exchanges like MT.gox
I experience of scam by many investment and cloud mining site and there is no legit almost all are scam you can be experience of paying but its just a disguise to attract more people to invest and encourage people to invest more until they are satisfied what they collected before they will going to be scam..
So if you really care about your money and you don't to scam better to be careful and stay in bitcoin instead or like you suggest trading are also good not the same risk as investment or cloud mining..

There are some cloud mining now that are still operating and many are investing to that cloud mining. And for sure many are familiar with hashflare and genesis mining. Many says that these two are legit but I don't give them my trust since I was aware on what happened with the other famous cloud mining before which is hashocean. And that made me not trust all of the cloud mining anymore and there's no way for me become convinced with them anymore.

gilangIDR

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Quote from: manchester11 on October 03, 2017, 02:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

I strongly discourage the use of cloud mining. Until now, cloud mining only perform calculations only. In fact most of them do not have real hardware mining. I am quite worried because they play the Ponzi system because they do not have a clear system. This is evidence that cloud mining is not an investment you should choose. You will only lose your capital and get some satoshi only. There is also cloud mining is blurred and bring all the money belongs to the investors. This is a risk and we should really never try cloud mining.

felicita

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yes everyone how investet inc lcoudmining knows that it migth end before ROI ;9
but the only think i can say, wiout offers from GM XD, i got my ROi on GM and its mining since now.
maybee they stop towmorrow but all contract you buy ther are with open end !!

kind regards

crairezx20

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Quote from: blockman on October 09, 2017, 08:59:58 AM

Quote from: black014 on October 08, 2017, 11:27:29 PM

Quote from: btcrenew on October 03, 2017, 03:24:06 PM

Stay away from cloud mining. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI.

yeah, that was true almost cloud mining site are not legit, do not trust. wasting your time into that site making your invest loosing. it's better to participate to a signature campaign instead of investing to scam site like cloud mining.

In my way of thinking all of them are scams, I never invested to a cloud mining but base on what I've studied most of them are just giving every investor a sore when they are saying a lot of percentage that will be distributed to the investors. It's too good to be true and don't be some quite ignorant without knowing if that company is a legit one hence just choose trading instead of cloud mining.

There is no legit base on what i experience of many cloud mining site there are some cloud mining site that can stay for long but in the end they will give a reason that they hack even its not .. the same happen in exchanges like MT.gox
I experience of scam by many investment and cloud mining site and there is no legit almost all are scam you can be experience of paying but its just a disguise to attract more people to invest and encourage people to invest more until they are satisfied what they collected before they will going to be scam..
So if you really care about your money and you don't to scam better to be careful and stay in bitcoin instead or like you suggest trading are also good not the same risk as investment or cloud mining..

Ararbermas

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Quote from: manchester11 on October 03, 2017, 02:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

well for me when i heard cloud mining i remember all of my experience on it when i started. I've been scam for many times in any cloud mining which is promising. i am agree that not all of cloud mining is a scam but after how many weeks it will end into scam. So much better to invest and not to mining cause you really wasting your time on it . Cause now adays all over the Internet some of the offering sites that promising also like the classified site is a scam. Such as clone site the same website design like the legit site . I suggest to do a review first put some time for reading so that you can avoid scammers.

blockman

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Quote from: black014 on October 08, 2017, 11:27:29 PM

Quote from: btcrenew on October 03, 2017, 03:24:06 PM

Stay away from cloud mining. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI.

yeah, that was true almost cloud mining site are not legit, do not trust. wasting your time into that site making your invest loosing. it's better to participate to a signature campaign instead of investing to scam site like cloud mining.

In my way of thinking all of them are scams, I never invested to a cloud mining but base on what I've studied most of them are just giving every investor a sore when they are saying a lot of percentage that will be distributed to the investors. It's too good to be true and don't be some quite ignorant without knowing if that company is a legit one hence just choose trading instead of cloud mining.

black014

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Quote from: btcrenew on October 03, 2017, 03:24:06 PM

Stay away from cloud mining. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI.

yeah, that was true almost cloud mining site are not legit, do not trust. wasting your time into that site making your invest loosing. it's better to participate to a signature campaign instead of investing to scam site like cloud mining.

CyberKuro

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Indeed, cloud mining has been known as scam project due to many of them were ended as scam. But, there are few cloud mining which has been around for years and consider as legit such as genesis mining. Newbies always looking for an easy way to earn bitcoin and interested to invest on scam cloud mining which offers high return and fast ROI than other legit cloud mining, so i do not recommend to invest on such sites. If you have like $1000 to invest on cloud mining, it may be profitable after several months if you can be patience, waiting for ROI which takes, usually 6 months. But, most people will advice to not do it, and prefer to invest in bitcoin or altcoins.

eagleman

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Quote from: felicita on October 08, 2017, 04:20:08 PM

yes there mining farms in Iceland but the founder and leader of this company is a German guy Wink

if he minign in germany he has to pay 16x more than in iceland Grin

In iceland there is allways cold no hot summer thats best for minig Wink

and this is no scam its real

kidn regards

Are you working with genesis mining company? It seems that you are being offended and trying your best for defending them. Don't get hurt if someone says that cloud mining are scam, the operation of GM isn't even proved that they are real, who knows?

And it doesn't matter on how long they've been operating, remember with what happened to hashocean. Roll Eyes

I didn't invested with it because since before I was doubting CM's.

richardsNY

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Quote from: felicita on October 08, 2017, 04:20:08 PM

yes there mining farms in Iceland but the founder and leader of this company is a German guy Wink

if he minign in germany he has to pay 16x more than in iceland Grin

In iceland there is allways cold no hot summer thats best for minig Wink

and this is no scam its real

Who cares where they are located (if they even actually are mining)? Cloud mining is a way (even for legitimate mining operations) to generate income from which they in advance know the far majority of the users will never reach ROI. It's basically a legit form of scamming people, and the funny thing here is that a lot people don't realize that. It's them carelessly pumping their money into whatever service that looks promising when it comes to its rewards. It's pure capital destruction.

felicita

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Quote from: pixie85 on October 08, 2017, 04:01:35 PM

Quote from: felicita on October 08, 2017, 06:48:03 AM

i think the only legit cloud mining is genesis mining !
iam working with them since 2 years now and the owner is also from germany like me so iam supporting my locals Cheesy

Genesis mining has many video proofs of there mining in iceland !
I like them a lot and get great paymens every day ! mind payout at moment is 150 000 Satoshi its mined fast if you own some ghs there!

kind regards

You're supporting your locals? I thought all their miners are supposed to be in Iceland.

Genesis Mining Ltd. Chinachem Century Tower, 31/F, 178 Gloucester Road, Wanchai Hong Kong.
Very local, indeed Cheesy

Cloud mining is a scam, that's all there is to say.

yes there mining farms in Iceland but the founder and leader of this company is a German guy Wink

if he minign in germany he has to pay 16x more than in iceland Grin

In iceland there is allways cold no hot summer thats best for minig Wink

and this is no scam its real

kidn regards

Topic: Cloud Mining Scam or legit - page 3. (Read 5168 times)