My experiences;
When I started bitcoin there were cex.io I bought 1 ghs @7mbtc and it was total waste of bitcoins (I was buying them from faucet income etc).
Then prices went down dramatically.
After that I bought some hash from Umisoo hashnest. After 2.5 months I sold my hash on market and total mined & sold HR gave me %38 profit.
Then I figured out something. Hashnest market was moving parallel to bitcoin price. Then I started to follow the market. When bitcoin's price dropped I bought HR on Hashnest (generally Umisoo @10-15k sats) When bitcoin price went up I sold them at least @20k sats each. (Basically HR trading + really low mining revenue).
Topic: Experience with cloud mining - page 3. (Read 3643 times)
I tried mining on CCex early this year....
but I only loose my coins slowly because maintenance fees.
be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.
If you want to cloud mine try Bit-X or Mintsy
but I only loose my coins slowly because maintenance fees.
be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.
If you want to cloud mine try Bit-X or Mintsy
CEX had the highest maintenance fees of any site iirc, bit-x is legitimate though, and I believe scrypt.cc is as well, theyve been around a long time. Also CEX stopped mining as it is no longer profitable, its only an exchange now.
I tried mining on CCex early this year....
but I only loose my coins slowly because maintenance fees.
be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.
If you want to cloud mine try Bit-X or Mintsy
but I only loose my coins slowly because maintenance fees.
be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.
If you want to cloud mine try Bit-X or Mintsy
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?
What is your experience with cloud mining? Did you make profit?
Six months back I asked the same question to the forum members before investing my money into www.CloudMining.website (ref: https://bitcointalksearch.org/topic/cloud-mining-please-help-a-newbie-852857). Most of the people warned me that it is a probable ponzi, but still I took the risk. Today, I'm sitting on profit as the site gave me ROI in around 125 days. Though, a third party cloud mining monitor reported to make ROI with thm in around 114 days...
Source: www.cmmonitor.com/24-cloudmining-website.html
What is your experience with cloud mining?
Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.
Did you make profit?
No. Profit seem way too long ahead.. :/.
Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.
Did you make profit?
No. Profit seem way too long ahead.. :/.
That is what has happened to all those so called legit mining services, e.g. KNC cloud, CEX.io, AM hash. They created a legitimacy baloon and then was either shut down showing unprofitability or vanished in the thin air. Now, I am more prone to believe that operating a profitable cloud mining operation is impossible in 100% legitimate way.
What is your experience with cloud mining?
Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.
Did you make profit?
No. Profit seem way too long ahead.. :/.
Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.
Did you make profit?
No. Profit seem way too long ahead.. :/.
Of course, as above posts cloud mining is just waste of time and also your money. I was bought 20GH/s at grmining.com still i didn't even get ROI. Before they gives daily automated payouts, then weekly. Now i didn't even get any payouts for the last few weeks (may be they changed the payout period to months from weeks, i think).
~Rude Boy
~Rude Boy
It all depends on how much money u are willing to invest and if u are willing to take the big leap of faith
I have myself 1.4 btc invested returns around 1 btc so far,
Cant complain but is it still a risky business all depends on where you invest your dough
I have myself 1.4 btc invested returns around 1 btc so far,
Cant complain but is it still a risky business all depends on where you invest your dough
What is your experience with cloud mining? Did you make profit?
please forget about cloud "mining" and mining generally - buy some BTC a hodl.)
I've yet to hear much positive news about cloud mining so I'd do some serious research before even thinking about investing your btc.
Ponzi's that have already collapsed as predicted:
Likely Ponzi scams that have yet to collapse:
Rest:
Obsolete or suspended:
Have a thorough read of puppets thread: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
You might want to check out the scam accusations board for more detailed info on cloudmining ponzis.
Ponzi's that have already collapsed as predicted:
Code:
PBmining.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
Lunaminer.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
coinsoncloud.eu 1+2+3+4+5+6+7 => 7/7 = Ponzi
Cryptomine.io 1+2+3+4+5+6+7 => 7/7 = Ponzi
hashie.co ("gen1") 1+2+3+4+5+6 => 6/7 = Ponzi
bitcoinlabmining.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
ltcgear 1+3+4+5+6 => 5/7 = (very) suspicious
hashprofit.com 1+2+3+4+5 => 5/7 = (very) suspicious
minethatcloud.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
CoIntellect.com 1+2+5+6+7 => 5/7 = (very) suspicious
terabox.me 1+2+3*+4+5+6+7* => 6/7 = Ponzi (pictures are not convincing to me for now, exit strategy involves 60+ days stall tactic)
chabatmining.com 1+2+3+5+6+7 => 6/7 = Ponzi
Ecrypto.co.in 1+2+3+4+6+7 => 6/7 = Ponzi (+ confirmed scam, they are no partners of cex.io)
GenerateBTC.com 1+2+3+4+5+6+7 => 7/7 = Ponz
Lunaminer.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
coinsoncloud.eu 1+2+3+4+5+6+7 => 7/7 = Ponzi
Cryptomine.io 1+2+3+4+5+6+7 => 7/7 = Ponzi
hashie.co ("gen1") 1+2+3+4+5+6 => 6/7 = Ponzi
bitcoinlabmining.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
ltcgear 1+3+4+5+6 => 5/7 = (very) suspicious
hashprofit.com 1+2+3+4+5 => 5/7 = (very) suspicious
minethatcloud.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
CoIntellect.com 1+2+5+6+7 => 5/7 = (very) suspicious
terabox.me 1+2+3*+4+5+6+7* => 6/7 = Ponzi (pictures are not convincing to me for now, exit strategy involves 60+ days stall tactic)
chabatmining.com 1+2+3+5+6+7 => 6/7 = Ponzi
Ecrypto.co.in 1+2+3+4+6+7 => 6/7 = Ponzi (+ confirmed scam, they are no partners of cex.io)
GenerateBTC.com 1+2+3+4+5+6+7 => 7/7 = Ponz
Likely Ponzi scams that have yet to collapse:
Code:
cloudminr.io 1+2+3+4+5+6+7 => 7/7 = Ponzi
cloudmining.website 1+2+3+4+5+6+7 => 7/7 = Ponzi
Skycoinlab.com 1+2+3+4+5+6+7 => 7/7 = Ponzi (+ organized by serial ponzi scammer: ?topic=583177.msg10298730)
btcslice.com 1+2+3+4+5+6+7 => 7/7 = Ponzi (+ pays out in reversible paypal ?)
grmining.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
bitcoinmaker.ch 1+2+3+4+6+7+8 => 7/7 = Ponzi
eobot.com 1+2+3+5+6+7 => 6/7 = Ponzi (+ possible malware/wallet stealing software)
hashwar.co 1+2+3+4+6+7 => 6/7 = Ponzi
bitrush.com 1+2+3+4+6+7 => 6/7 = Ponzi
cloudmining.website 1+2+3+4+5+6+7 => 7/7 = Ponzi
Skycoinlab.com 1+2+3+4+5+6+7 => 7/7 = Ponzi (+ organized by serial ponzi scammer: ?topic=583177.msg10298730)
btcslice.com 1+2+3+4+5+6+7 => 7/7 = Ponzi (+ pays out in reversible paypal ?)
grmining.com 1+2+3+4+5+6+7 => 7/7 = Ponzi
bitcoinmaker.ch 1+2+3+4+6+7+8 => 7/7 = Ponzi
eobot.com 1+2+3+5+6+7 => 6/7 = Ponzi (+ possible malware/wallet stealing software)
hashwar.co 1+2+3+4+6+7 => 6/7 = Ponzi
bitrush.com 1+2+3+4+6+7 => 6/7 = Ponzi
Code:
nexusmining.com 1+2*+3+4+5+7 => 6/7 = Ponzi (Guy from Spondoolies says im wrong, but I cant score what I havent seen and he seems to confirm they have no hardware)
minerslab.com 1+2+3+4+6+7 => 6/7 = Ponzi (+ selling hardware that doesnt exist + using purchased "legendary" account)
bitcoincloudservices 1+2+4+5+6*+7 => 6/7 = Ponzi (+ founded by known scammer https://bitcointalk.org/index.php?topic=860400.msg9638868#msg9638868)
scrypt.cc 1+2+3+4+5+6 => 6/7 = Ponzi (preliminary assessment)
Kryptologika 1+2+3+4+* => */7 = Ponzi -> passthrough of AMhash which is defunct. Currently operating as fractional reserve/ponzi.
hashcoins.com ~1+2+3+4+7 => 5/7 = (very) suspicious (user selectable pool requires fee, dc pictures show no miners, linkedin profile doctored, hardware sales very dubious,..)
Zeushash 1+2+3+4+5 => 5/7 = (very) suspicious
minerslab.com 1+2+3+4+6+7 => 6/7 = Ponzi (+ selling hardware that doesnt exist + using purchased "legendary" account)
bitcoincloudservices 1+2+4+5+6*+7 => 6/7 = Ponzi (+ founded by known scammer https://bitcointalk.org/index.php?topic=860400.msg9638868#msg9638868)
scrypt.cc 1+2+3+4+5+6 => 6/7 = Ponzi (preliminary assessment)
Kryptologika 1+2+3+4+* => */7 = Ponzi -> passthrough of AMhash which is defunct. Currently operating as fractional reserve/ponzi.
hashcoins.com ~1+2+3+4+7 => 5/7 = (very) suspicious (user selectable pool requires fee, dc pictures show no miners, linkedin profile doctored, hardware sales very dubious,..)
Zeushash 1+2+3+4+5 => 5/7 = (very) suspicious
Rest:
Code:
Cryptsy MN 1+2+3+4 => 4/7 = Possibly/partially legit ( + no details on fee structure)
cloudmining.sg 1+2+4+7 => 4/7 = Possibly/partially legit
genesis-mining 1+4+7 => 3/7 = Probably legit (risk of fractional reserve mining)
Megamine.com 1+4 => 2/7 = Probably legit
Bit-x.com 1+4 => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)
pow88.com 1+2 => 2/7 = Probably legit (preliminary assessment)
KNCcloud 7 => 1/7 = Legit (but as hardware vendor, they broke their promise not to selfmine with more than 5% of customers hashrate )
Hashnest (umisoo) => 0/7 = Legit
cloudmining.sg 1+2+4+7 => 4/7 = Possibly/partially legit
genesis-mining 1+4+7 => 3/7 = Probably legit (risk of fractional reserve mining)
Megamine.com 1+4 => 2/7 = Probably legit
Bit-x.com 1+4 => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)
pow88.com 1+2 => 2/7 = Probably legit (preliminary assessment)
KNCcloud 7 => 1/7 = Legit (but as hardware vendor, they broke their promise not to selfmine with more than 5% of customers hashrate )
Hashnest (umisoo) => 0/7 = Legit
Obsolete or suspended:
Code:
AMhash => 0/7 = Legit (if you buy directly) / divs momentarily (?) suspended
Cex.io 4 => 1/7 = Legit
Cryptx PETAmine => 0/7 = Legit
GAWminers 1+4+5+~7 => 4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field
Cex.io 4 => 1/7 = Legit
Cryptx PETAmine => 0/7 = Legit
GAWminers 1+4+5+~7 => 4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field
Have a thorough read of puppets thread: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
You might want to check out the scam accusations board for more detailed info on cloudmining ponzis.
If you believe that cloud mining companies would take so much risk just to give you their profit you are totally naive and not ready for the crypto world.
Losing all your savings may teach you something and give you some experience.
Good luck.
It's total trash and you will be just wasting your time by doing Cloud Mining . also most of the companies are fake and not really running miners instead of you (that's what cloud mining is about).
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalksearch.org/topic/how-cloudmining-is-profitable-1080236 .
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalksearch.org/topic/how-cloudmining-is-profitable-1080236 .
I totally agree, I have been burned twice and have learned my lesson. Most are fake ponzi schemes you are better off holding your btc or dabble a bit with altcoins, these are also risky but you will at least be in control. You can also make a buck or two in the gambling section.
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?
What is your experience with cloud mining? Did you make profit?
I invested $200 in GAW ponzi cloud mining and was able to withdraw $5 only, I thought they were legit but only to find out that the owner is a thief and a big fat liar. Bit-x seems to be a promising company for me but better invest what you can afford coz alot of cloud mining are actually hidden ponzi scheme
It's total trash and you will be just wasting your time by doing Cloud Mining . also most of the companies are fake and not really running miners instead of you (that's what cloud mining is about).
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalksearch.org/topic/how-cloudmining-is-profitable-1080236 .
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalksearch.org/topic/how-cloudmining-is-profitable-1080236 .
It's a waste of time from what I gather. Profit seems to be minimal and there's lots of scams out there. Most are just clever;y hidden ponzi schemes. I personally don't think it's worth the risk for such a small roi (if you get one at all). Just keep your bitcoins as an investment instead.
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?
What is your experience with cloud mining? Did you make profit?
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