Topic: Need a trust Site Cloud Mining (Read 522 times)

Large companies find partners on their own if they have a place to install ASICs in their data center. See what kind of business Bitdeer has.
https://www.globenewswire.com/news-release/2023/06/14/2688036/0/en/Bitdeer-Announces-May-2023-Operations-Updates.html
Large mining companies do not provide such services, due to the fact that it is more profitable to mine on your own.

And illegal mining with cheap electricity is closed.
https://twitter.com/i/web/status/1672173931833221120
If sites offer you mining with cheap electricity, this may be a scam.

check my post https://bitcointalksearch.org/topic/minning-5457731 it should help, i recently asked question related. in my post, alot of reply support nice cash haven't tried it yet but you can check it out, you should find this helpful

Why do you want to go into cloud mining,it isn't profitable anymore,I see it as a waste of time and resources renting other peoples equipment,high cost of electricity and at the end you get nothing back. You should think of bitcoin investment and plan to invest on a long term,if you can keep on accumulating little fraction constantly with DCA method,since this is the only way that you can make good profit from bitcoin.

Most cloud mining are ponzi scheme which is not encouraged. Binance just started cloud mining this year but I don't know how trust worthy they are,maybe if you are not still convinced and you want to carry on with cloud mining,you can give Binance a trial since they are the largest crptocurrency exchange and might keep to their reputation.

This site has been running for over 2 years.
https://cloudhashes.com/packages

$100 investment for 90 days     Full Profit   ≈106.20$        24% per year
$4500 investment for 90 days   Full Profit   ≈5429.70$      80% per year
$15000 investment for 90 days   Full Profit   ≈20835.00$  156% per year

https://www.asicminervalue.com/miners/bitmain/antminer-s19-xp-hyd-255th
Their profit expectations do not match the current payback, because asics pay off for more than 2 years.

Unfortunately, my experience with the https://cloudhashes.com/ website has been far from satisfactory. Here's why:

Lack of Transparency: Transparency is crucial when it comes to investing in any mining service, but cloudhashes.com falls short in this regard. The website lacks detailed information about the mining infrastructure, algorithms used, and the team behind the operation. Without these essential details, it's challenging to trust the legitimacy and reliability of their services.

Inconsistent Payouts: Over the course of several months, I experienced inconsistent payouts from cloudhashes.com. There were instances where the mining rewards were significantly lower than expected, and the company provided no clear explanations or justifications for these inconsistencies. This lack of accountability left me feeling frustrated and doubtful about the integrity of their mining operations.

Poor Customer Support: Whenever I encountered issues or had questions regarding my mining activities, reaching out to cloudhashes.com's customer support was an exercise in futility. Response times were excessively long, and the support team's answers were often vague and unhelpful. This lack of prompt and effective customer service further eroded my confidence in the platform.

Unclear Pricing Structure: Understanding the pricing structure is crucial for any mining service, but cloudhashes.com's website fails to provide clear and concise information regarding their fees and charges. This lack of transparency makes it difficult to evaluate the profitability and sustainability of their services.

Questionable Reputation: During my research on cloudhashes.com, I came across numerous user complaints and negative reviews from individuals who had encountered similar issues. These reports of unsatisfactory experiences, combined with the lack of positive feedback or testimonials, made me question the overall reputation and reliability of the website.

In conclusion, my experience with cloudhashes.com has been disappointing and frustrating. The lack of transparency, inconsistent payouts, poor customer support, unclear pricing structure, and questionable reputation all contribute to my negative impression of this mining service. I strongly advise caution to anyone considering using cloudhashes.com for their mining needs. It's essential to thoroughly research and choose a more reputable and transparent platform for cryptocurrency mining.

I just have a question for you, this cloudmining platform that you say was peeked and this is what we found if we choose the 3 months duration it says that the profit is 104$ based on the picture below.


         My question is, is that really the profit? I mean my 100$ will become 204$ or double the capital? Then I'm not familiar with that site platform, I'm a bit doubtful honestly speaking. I guess, I'll just try it, maybe it's safer to do cloudmining on Binance which also has a 3 month duration/90 days locked up and I'm more secured and comfortable.

I like this mining https://cloudhashes.com/ works stably without failures, the output comes without problems.

The design is simple and convenient, I will say more that cloudhashes is one of the best cloud mining I have worked with.

Are you trying to start your own cloud mining service or you want to start using a cloud mining service?  The bitter truth about cloud mining is that they're not for you they are just like a Ponzi scheme using someone's money to pay the others has been the game for a long time the fact is not cloud mining companies have any bitcoin or ethereum mining equipment they are all liars, to. To serve latest of people like you is very hard because cloud mining is not profitable and to run enough asic miners to pay customers wiont make any sense. 

Do you want to mine bitcoin? it is better to find some money and pay for a bitcoin Miner that will serve you for a very long period of time, if you use it right and right now that we are in a  bear market, a bitcoin Miner will be way cheaper compared to if we are already in a bull market.

The site https://cloudhashes.com offers a convenient and efficient way to decrypt hashes. It has a simple and intuitive interface that allows users to easily download hashes and get their corresponding values. The site also offers various hashing algorithms for you to choose from.
One of the main advantages of the site is its speed. The decryption of hashes is very fast, which saves the user time. Moreover, the site ensures the security and confidentiality of data, which is an important aspect when working with such services.
All in all, https://cloudhashes.com is a great hash decryption tool. It is easy to use, performs its functions quickly and ensures data security. I recommend this site to anyone looking for a reliable hash decryption solution.

I don't think op has really fully understood what he wants to enter, especially cloudmining. Maybe it was just driven by hype or as you mentioned it was just encouraged by good words that's why people are asking about things like that.

He doesn't know the ins and outs when it comes to crypto or bitcoin mining matters like you say in your 5 years mining experience using Asic.

It's been 5+ years of mining, initially, I started with ASICS but due to my non-technical background plus the cost of maintenance I left it within a year or something. It was most of the time unprofitable to maintain. Soon I learned more about GPU miners, though they used to eat up energy in similar ways to ASICS done but it was comparatively way more efficient than theirs. My favorite coin is RVN and I still mine it to date with on-off conditions considering the reduced profitability.

I know, how much effort I need to maintain them, and work on them from time to time to keep them profitable. Moreover, you get a pretty high chance of losing the wires, software errors, and sometimes there will be GPU connection errors and whatnot. It takes up energy in between and it's a gain with pain.

My question back to OP is, do you really think cloud mining would work as efficiently as this with shareable profits?
Ask this question once, how would they manage the cloud mining behind the scenes with mega-farms, pay for bills, labor costs, temp, maintenance, and much more? Yet you will be getting a profitable share from your investment?

I doubt that. Just be careful. If you really find a sweet profitable spot then definitely go for it.

that's interesting to know that binance providing cloud mining services. I can understand that mining bitcoin is not profitable. but can't we min altcoins there? is that only a bitcoin cloud mining? maybe it is more profitable to mine altcoins instead of bitcoin.
and I don't think bitcoin's price going to increase by more than %100 in just 3 months.. it might happen but gonna take much more time than 3 months.

One thing about this mining of all this sites,is all about making a very good research on each of the sites that you may like to mining anytime anymoment ok, because proper investigation and research is very necessary in a thing of this nature.

And again is whenever you are mining any site you watch very well how they are operating and their system of operation too, and how fast their are upgraded and the crypto currency they are in partnership with.

Another thing is that in any genius site always grow fast and start their development by trying to secure the KYC and build a strong relationship with their customers...

Looks like you made a mistake while quoting the other members. Please check and correct.

There are several cloud mining sites that are trusted and legit, including BitDeer, HashShiny, ECOS, and NiceHash
Cloud mining allows users to mine cryptocurrencies remotely using shared processing power, without managing the hardware themselves. However, it is important to note that cloud mining can be risky and some services may be fraudulent. It is recommended to thoroughly research and select a legitimate service that pays consistently to avoid scams

This service is new to binance cloud mining and I haven't tried it yet. I just looked it up and this is my question that can be seen in the picture below.



      Will I pay here 65.79$? that's all and then just wait for the 180 days duration? Then the visible fee and electricity, I'm a bit confused if it will be deducted from the 65.79$ I paid? But the stakes are still better compared to this.

That's correct, I tried a couple of cloud mining sites a few years ago, but all of them turned out to be scams within a few months. Since then, I have never invested even a single 1$ in any cloud mining site.

For instance, many members here might recall HashOcean, which was one of the famous cloud mining sites that paid in BTC. It was later revealed to be a Ponzi scheme and shut down in the summer of 2016, scamming almost 1 million members. I believe they ran away with over 10 million dollars' worth of Bitcoin by that time.

While a few cloud mining sites might be safe, I wouldn't expect to make significant profits from them, so I haven't even tried that no more and I'm not even thinking about it. 

IMO all cloud mining sites are scam. Either you get scammed right away or the "legitimate and trusted" sites come up with their rules making it impossible to earn anything by mining with them. So, in any case only the person/company owning the physical miners gets the money and "cloud miners" get scammed. I'm sorry to disappoint you, but that's the sad truth.

I wonder where the 23% comes from



So right now it's 0.0777 in profit with 0.0200+0.0531, a bit better than yours but still, you get
0.0731 in expenses and 0.0777 in revenue, which is 0.0041 in profit, so a 5% margin, nowhere near a 23% stated there.
Taking into account the current mempool spam that drove the fees up and you get a 5% bonus from this which might not be there tomorrow the profit is paper thin, one tiny dif increase and you're losing coins.


Bitdeer, which is actually the only one that has its own hashrate as it's run by Bitmain and it's not simply a reseller of rented hash rate from a pool.
Oh, and their price plan is better than Binance
Hashrate Fee: $0.0172/T/D vs $0.0200/T/D

There are a lot of people who don't know about this, but I'm sure you can
understand what you're trying to do. 
 
First of all, not a developer. 
 
Second, you need to be a developer. 
 
Third, you need to be a developer. 
 
And finally, you need to be a developer. 
 
In the end, you're going to be able to make money by mining.