cloud minnig - page 2. | Bitcointalksearch.org

Nfp

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Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

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.

ShadowBJ21

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Quote from: stomachgrowls on January 08, 2018, 05:35:03 PM

....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 ;-)

stomachgrowls

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Quote from: CyberKuro on January 07, 2018, 06:00:35 PM

Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

would you recommend a cloud mining company?

Most people say it's not profitable, stay away from it or it's better to buy ASICs and mine bitcoin in your home.
The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.
Bitcoin hashrate will be available in few days: https://twitter.com/GenesisMining/status/947876306682867712
Do not buy Gold package ($179 for 1,000 GH/s), just buy Platinum ($845 for 5,000 GH/s) or Diamond package ($3975 for 25,000 GH/s)

I would rather do those bolded words above on my own than on bothering myself on investing into those so-called package they do offer because sooner or later they would turn out not to be profitable already.Im assuring you that it will happen no matter how legitimate they are profits will really be affected no matter what. Genesis and Haslflare are legit ones but most cloud mining sites do exist in market today are just total scams. For an investor since its your own money then the final decision would really still up to you.

lucianus_luciferus

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nothing is lost if you don't lose yourself

not all cloud mining sites are scams
yes nobody can say if they will turn into scams or not but that's the same as predicting the next plague
if you do your research and only invest what you can afford to lose you will be fine

btcCoincart

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To be honest, no cloud mining work in the true way, they are ponzi obviously.
Take care bro!

madwica

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Quote from: PeZ on January 07, 2018, 11:48:40 PM

Quote from: Nalbo on January 07, 2018, 07:55:20 PM

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?

That is the secrets of cloud mining, you should need to deposit more that to your generated income to have them a fund for withdrawal into your request. I have been in multiple cloud mining sites before but all of that has same result they dont return my investments simply they only scam all their investors.

To OP i do no think there are some users will recommend cloud mining site because this method is not profitable they always turning to be scam if they reach their goal (total amount of investments).

PeZ

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Quote from: Nalbo on January 07, 2018, 07:55:20 PM

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?

shintosai

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Quote from: Nalbo on January 07, 2018, 07:55:20 PM

Quote from: richardsNY on January 07, 2018, 06:56:27 PM

Quote from: CyberKuro on January 07, 2018, 06:00:35 PM

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

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.

better not mate, its hard to invest your money with such a long period of time and gain little, if you still have spare money then buy btc and hold
for sure it will grow after 3 years, or try to learn how to be a good trader and slowly grow your bitcoin using alt coin market.

Nalbo

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Quote from: richardsNY on January 07, 2018, 06:56:27 PM

Quote from: CyberKuro on January 07, 2018, 06:00:35 PM

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

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.

richardsNY

legendary

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Quote from: CyberKuro on January 07, 2018, 06:00:35 PM

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

ShadowBJ21

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Quote from: maeusi on January 07, 2018, 03:20:42 PM

If customers do not invest a huge amount, they cannot withdraw anymore

Did you even read what I wrote and quoted or do you just like to jump on the scam-caller train?

CyberKuro

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Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

would you recommend a cloud mining company?

Most people say it's not profitable, stay away from it or it's better to buy ASICs and mine bitcoin in your home.
The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.
Bitcoin hashrate will be available in few days: https://twitter.com/GenesisMining/status/947876306682867712
Do not buy Gold package ($179 for 1,000 GH/s), just buy Platinum ($845 for 5,000 GH/s) or Diamond package ($3975 for 25,000 GH/s)

pixie85

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Activity: 2184

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Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

would you recommend a cloud mining company?

No, I wouldn't.

Listen to experienced posters and don't get involved. I know it may look like we're all earning from it and telling you not to invest so that there's more for us but it's not!
9/10 cloud mining companies disappear in less than a year. That's not an assumption, that's a fact!

kafiristanica

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I have experience with cloud mining. You will waste your time and money. Don't reiterate my mistakes Grin

tippytoes

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Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

would you recommend a cloud mining company?

Actually, you don't need to create a thread for this. You just need to browse and search related threads regarding cloud mining articles. And the only bottomline is - don't invest on them. Otherwise, you will not get even the ROI. Good luck!

carlfebz2

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Quote from: maeusi on January 07, 2018, 03:20:42 PM

@ShadowBJ21
You like hashflare? Did you get a payout in the last time?
If customers do not invest a huge amount, they cannot withdraw anymore. And that alone would be enough for a scam accusation.
And Genesis? They suddenly shutdown lifetime contracts and only pay two months.
No, don't waste your money.

They are really now making such changes because it turns out that mining difficulty do already affect their profitability which would normally end up that investors would really suffer out. Putting up money on these cloud mining sites isn't never worth of.Instead on planning to make investment better to hold it off for longer terms on bitcoin form it would be much worth it. For OP don't ever tend to invest on these,you will surely regret later on if you neglect our warnings here.

maeusi

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@ShadowBJ21
You like hashflare? Did you get a payout in the last time?
If customers do not invest a huge amount, they cannot withdraw anymore. And that alone would be enough for a scam accusation.
And Genesis? They suddenly shutdown lifetime contracts and only pay two months.
No, don't waste your money.

ShadowBJ21

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Quote from: Slow death on January 06, 2018, 04:31:20 PM

cases of cloud mining that have increased the minimum value of payments to prevent people who have invested little do not make withdrawals

Quote

BTC minimum withdrawal amount is set to 0.05 BTC.

https://twitter.com/hashflare/status/944226914948050944

Do not waste your time with cloud mining

And here it goes again. Telling people all cloud mining companies are scammers because they do something you don't like.

Why not tell them there's a reason for that which is mainly because of the crappy Bitcoin Blockchain. Why not tell them that at least their fee is much lower than what a usual BTC Transaction fee is. Why not tell them the high withdrawl limit is only with BTC. ETH for example has only about $90. And why not tell them even when they are below the limit they can cash out any amount after their contract expires.

Quote

Dear users,
Update 06.01.2018 13:15 UTC: BTC withdrawals are enabled in limited mode, with the minimum withdrawal amount set to 0.05 BTC. Bitcoin network fee at the moment is 0.0007 BTC. We are working on changing the method of creating transactions to batches of multiple withdrawals, to reduce the time it takes withdrawals to reach the destination wallets and to reduce the network fee for our customers.

Because of the all time high amount of unconfirmed transactions in the Bitcoin network, the network fee (commission fee in HashFlare.io) fluctuates.

And about whithdrawl:
"... we can confirm that users will still be able to make a withdrawal in case if their balance will be lower than the minimum withdrawal amount by the time when their contract expires."
(https://hashflare.zendesk.com/hc/en-us/articles/115005082325-Why-Bitcoin-Withdrawals-and-Payments-Are-Taking-so-Long-to-Confirm)

Of course there are a lot scammers around in the cloud mining business but just because you don't like the way they do their business it's not scam.

And to answer the OP's questions: So far I like Hashflare a lot. Although you have to calculate ROI carefully as they increased prices for BTC mining some time ago. Maybe also look at ETH here (if the ETH uptrend stays). Genesis seems to be legit but currently doesn't offer contracts with BTC, ETH and most others (only Monero if I recall correctly). Don't like the payout from Minergate (from cloud mining) ... much too low compared to the pools results.

maeusi

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99.99% of so called cloud mining companies are scam. I knew three legit working. Hashflare, Eobot and Genesis. Never had minergate on focus. Hashflare finished lifetime contracts and cut them to one year. They changed withdraw minimums, so that many customers can't pay out anymore. Genesis also began to cheat their customers and finished lifetime contracts. Eobot seems still to work proper. But the ROI is on 17 months.
I wouldn't recommend to invest into any cloud miner.

Slow death

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Quote from: emreyurt999 on January 06, 2018, 03:41:52 PM

would you recommend a cloud mining company?

No!

see that there are cases of many people who have invested in cloud mining sites and have not made a profit

Quote from: rtj on December 31, 2017, 08:41:11 PM

I decided to try after talking with several people who have been investing in bitcoins for years.
Everyone assured me that it's rentable it and i should invest more than $ 1000 to make it profitable.
I've tried it ... and I can assure you that everyone who recommends it is sure to benefit from it ...

It's nothing profitable

It is more profitable to invest buying bitcoins and wait for the price to grow ... or even more ... small coins like VERGE, Cardano, Iota ...

From my experience ... do not invest in cloud mining everyone will tell you tat you will get back your investment in 3 months .... it's lie

I hope that this information will serve all those who were doubting like me

7.5 TH / s should be profitable .... !! but the results are not as expected!

Minergate cloud mining test (real numbers)

cases of cloud mining that have increased the minimum value of payments to prevent people who have invested little do not make withdrawals

Quote

BTC minimum withdrawal amount is set to 0.05 BTC.

https://twitter.com/hashflare/status/944226914948050944

Do not waste your time with cloud mining

Topic: cloud minnig - page 2. (Read 530 times)