Topic: cloud minnig (Read 530 times)
No, it's not a good investment option, I have seen many people complaining about investments they have made in cloud mining companies and I was taught not to nvest on it. Cloud minings give only hopes for investors and after some months you reach to the conclusion you won't have a lifetime income and that you should have been profitable by holding Bitcoins instead of investing in cloud mining.
I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.
Did you try contacting support to see if they will send your balance? What coin were you mining?I don't think that support team can do anything in that because he is abiding to the terms and conditions of the coin in long terms. They are not going to give him back his balance because that is not written in terms. If he need to withdraw then he will need to wait until 950 days. But I'm sure that before that he reaches the contract end and then the by rules his account will be deactivated. Thats called as perfect Ponzi schemes and we can't do anything about it.
Support will suggest him to increase his contracts terms but for that he will need to pay more and again wait for those funds to get the ROI limits which will Gaian never come. Dude that is how cloud mining works, spamming.
I don't think that cloud mining is a really good idea, to be honest. But you can try hashflare, for example.
Exactly, you are right because most of the cloud mining website are scam because they will give some % on the investment and it will not be in our control. I hope better to invest in any other form which is in our control.
i have invested in hashflare and it works just as advertised
if it turns out to be a scam at some point in the future i will let you know
if it turns out to be a scam at some point in the future i will let you know
I have heard positive thoughts about cloud mining only from those who already in this kind of business. Normally, those people can't say different, cause of their target is to attract as much people in that to raise their own profit.
In fact you can only hear positive things from people who are in the business for a very short time like new eager investors or are somehow associated with the business either by getting referrals for them or advertising them, or sometimes even being the real employees sent out to spread the word. Most people, including those who invested some money will not have much good to say about cloud mining.
It's not just worth investing in cloud mining. And loss of time and high risk.
In this situation You need to choose carefully trusted cloud mining companies,there are a lot Fraud companies,Despite the fact there are also honest companies(1%(I agree with what Shield132 wrote...)) but income will not be as big as you want,Because you must pay for this service.But if you are ready for reinvests and know all of this risks It will not be bad.So you need to read more about cloud mining companies history and you will choose it yourself.
Just like any other type of investment, it is necessary to evaluate the situation well.
Just like any other type of investment, it is necessary to evaluate the situation well.
I have heard positive thoughts about cloud mining only from those who already in this kind of business. Normally, those people can't say different, cause of their target is to attract as much people in that to raise their own profit.
would you recommend a cloud mining company?
The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.
Right now, no. Maybe if there are some cloud mining companies that offer mining services but some other coins, with lower diff. Mining bitcoin with cloud mining services is long gone.
There are many people got scammed with the cloud mining. Do not consider that even few in your list also a legit information.
Regardless of how many people have got scammed throughout the years, the cloud mining market is more booming than ever before with all the blind noobs investing their hard earned money in there. It all comes down to how much marketing is happening for these services on social media and YouTube. It's mind boggling how people can share their results with others, where they act like they are making profits and all that. For people being in this community for a few years it's pretty obvious to see the difference between noobs showing things, and paid shills showing off their "earnings". People will never learn.
No one will recommend cloud mining site tonyou mate based on most experienced people here they know how that ponzi method works that is why much better to follow in their advise and find other way or method to earn here in crypto world.
Correct, i have many experienced which i invest in multiple cloud mining sites but in the long run they will only scammed my investment that all i know i can make good income in that method. That is why i recommend to all newbie is avoid cloud mining and focus on trading or in other method like participating is signature campaign, investing in ico which is very in demand method right now.
No one will recommend cloud mining site tonyou mate based on most experienced people here they know how that ponzi method works that is why much better to follow in their advise and find other way or method to earn here in crypto world.
would you recommend a cloud mining company?
No. Mostly they are ponzi scams.
Legit ones won't bring you much profit so it is not recommended to join any.
Better start trading or buy mining equipment.
No,never.i don't recommend any of cloud minning sites beacause they all are scams.i would like to share my personal experience on this topic.may be before three month i invested in one cloud mining site.it name was auroramine.i invested 0.001 btc in this cloud mining.But as i invested on this sites they blocked my account and I couldn't withdraw my btc and lost all my money.so i suggest you to never invest such ponzi schemes and stay away from all cloud mining Ponzi schems.
would you recommend a cloud mining company?
The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.
A few cloud mining companies are legit "probably', but it's kinda difficult to guarantee profit from them since your gain will only depend if they gain as well. Otherwise, your contract will end automatically if no gains for several months.
You found this information from the some of the searches you have done in the Google results but actually every cloud mining site seems scammed their users like blocking their account or asked for the more charges to maintain your cloud account and so on.
There are many people got scammed with the cloud mining. Do not consider that even few in your list also a legit information.
Stay away from cloud mining bro, its not recommended for those who want to gain bitcoin or to make bitcoin since theres no proofs that cloud mining can make profit. Unless if you have the specific hardware and equipment to mine cause much better to do hardware mining instead of cloud etc.
would you recommend a cloud mining company?
The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.
A few cloud mining companies are legit "probably', but it's kinda difficult to guarantee profit from them since your gain will only depend if they gain as well. Otherwise, your contract will end automatically if no gains for several months.
I don't think that cloud mining is a really good idea, to be honest. But you can try hashflare, for example.
....because sooner or later they would turn out not to be profitable already.
Absolutely agree, but unfortunately this is valid for your much more expensive Antminer too!
Of course you can try to sell the Antminer later ... and scam some newbie into giving the expression they can still make money with this ;-)
If you live closer to China, you might hear of this. I probably give it a go, setting the mining is not really that easy anymore.
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