noob in bitcoin | Bitcointalksearch.org

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: bachelor on December 20, 2014, 06:14:02 AM

Hello bitcoin masters,

I am just new to bitcoins. And want to earn some bitcoins so that I can invest somewhere in the cloud mining companies and earn some money.i started to earn bitcoins from faucets and I got frightened by what I seen in my wallet that was 0.07$ (my hard earned money Sad

) and from then I never looked at faucets. I brought 10$ worth bitcoins from my friend to invest in hashie.co but I was afraid that what will happen if I lose them? How will I return him? So that I gave them back to him.

So please guys! Help me how to earn bitcoins and suggest me better cloud mining sites where I can earn good.

Sorry if I done any mistakes because this is my first post.

Faucets are probably the worst way to earn Bitcoins.

Your account is fairly new, but still there are some signature campaigns on this firum that will rent your signature space and will pay you Bitcoins for that.
See more details in this thread:
https://bitcointalk.org/index.php?topic=615953.0;topicseen

alamanjani

full member

Activity: 136

Merit: 100

You can earn from sign campaign, surfing in reddit with change tip, thats fun way to earn btc. But if you have skill you can earn from doing jobs.
[/quote]

How do you do Reddit with change tip? Is there any guide somewhere posted that you have handy?

BitcoinFreak12

newbie

Activity: 42

Merit: 0

Quote from: ranochigo on December 27, 2014, 05:58:57 AM

Quote from: BitcoinFreak12 on December 27, 2014, 05:43:29 AM

Quote from: Minnlo on December 27, 2014, 01:46:01 AM

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

The problem is alot of people dont bother about the legitmacy of the company and just invest in the company due to the promised profits. Even with proofs like pictures, mining stats, etc. They can still be a ponzi as they can be faked. Even if they are real, there are no promises that the company will not run away when alot of people have invested in the company.

You have a point there, atleast they should give their location and phone number and other stuff to seem more legit.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: BitcoinFreak12 on December 27, 2014, 05:43:29 AM

Quote from: Minnlo on December 27, 2014, 01:46:01 AM

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

The problem is alot of people dont bother about the legitmacy of the company and just invest in the company due to the promised profits. Even with proofs like pictures, mining stats, etc. They can still be a ponzi as they can be faked. Even if they are real, there are no promises that the company will not run away when alot of people have invested in the company.

BitcoinFreak12

newbie

Activity: 42

Merit: 0

Quote from: madmax6688 on December 26, 2014, 08:53:49 AM

Quote from: Agestorzrxx on December 26, 2014, 07:43:43 AM

Quote from: BitcoinFreak12 on December 26, 2014, 06:20:07 AM

Quote from: fildza on December 26, 2014, 06:14:17 AM

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

A ponzi scheme is where investors' money is used to payout early investors' profits.

They eventally collapse.

I know what it is, but this doesnt seem like a ponzi to me, if they invest the money that they gain from investors into ASIC miner equipment, then it sounds legit.

Of course it carries a risk if the BTC price drops, but other than that, if done properly i see no risk.

Quote from: Minnlo on December 27, 2014, 01:46:01 AM

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

Minnlo

hero member

Activity: 868

Merit: 1000

Quote from: BitcoinFreak12 on December 26, 2014, 06:20:07 AM

Quote from: fildza on December 26, 2014, 06:14:17 AM

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

sifter

hero member

Activity: 574

Merit: 500

CoinBooster Rep

Quote from: bachelor on December 20, 2014, 07:07:54 AM

Quote from: LiteCoinGuy on December 20, 2014, 06:39:27 AM

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.

-store your hard earned BTC in a hardware wallet

:

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

It's on the internet, it's not stored with you.

so a hacker can easily steal your coins.

or

coinbase could suddenly close.

madmax6688

full member

Activity: 215

Merit: 100

Quote from: Agestorzrxx on December 26, 2014, 07:43:43 AM

Quote from: BitcoinFreak12 on December 26, 2014, 06:20:07 AM

Quote from: fildza on December 26, 2014, 06:14:17 AM

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

A ponzi scheme is where investors' money is used to payout early investors' profits.

They eventally collapse.

Agestorzrxx

sr. member

Activity: 462

Merit: 250

Quote from: BitcoinFreak12 on December 26, 2014, 06:20:07 AM

Quote from: fildza on December 26, 2014, 06:14:17 AM

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

BitcoinFreak12

newbie

Activity: 42

Merit: 0

Quote from: fildza on December 26, 2014, 06:14:17 AM

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

fildza

sr. member

Activity: 322

Merit: 250

Ask me anything if you have any problem

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

Ingatqhvq

hero member

Activity: 532

Merit: 500

Quote from: bachelor on December 20, 2014, 06:14:02 AM

Hello bitcoin masters,

I am just new to bitcoins. And want to earn some bitcoins so that I can invest somewhere in the cloud mining companies and earn some money.i started to earn bitcoins from faucets and I got frightened by what I seen in my wallet that was 0.07$ (my hard earned money Sad

) and from then I never looked at faucets. I brought 10$ worth bitcoins from my friend to invest in hashie.co but I was afraid that what will happen if I lose them? How will I return him? So that I gave them back to him.

So please guys! Help me how to earn bitcoins and suggest me better cloud mining sites where I can earn good.

Sorry if I done any mistakes because this is my first post.

hi, bitcoin is money, so if you know how to earn money, then you know how to earn bitcoin. I don't think there is any different.

princesocapuyo

full member

Activity: 238

Merit: 100

Presale is live!

Hi. The thing is, faucets are just for starting to earn VERY FEW bitcoins. Unless you can spend all day on the computer you won't earn much at all.

The best thing you could do is join a signature campaign if you're gonna spend a lot of time in the forum.
One of the best ways to earn btc is this: http://www.reddit.com/r/Jobs4bitcoins you do jobs for people. You gotta be careful about scam though, as always.

Most cloud mining companies are scam as everyone told you already. And even if you find one that isn't scam it won't generate that much profit unless you spend a lot on them. Altcoins are very risky, most are scams and if you find a legit one you never know if it's gonna succeed. Gambling basically.

Bitcoin won't get you rich so easily, unless the price drastically changes from one day to another. Do your research, that's the best thing you can do.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

the best advise is to learn about BTC and dont think that you get rich quick.

BitcoinFreak12

newbie

Activity: 42

Merit: 0

If you are interested in making 10% comissions on every sale you promote, then PM me ! Cool

You can earn up to 0.001 BTC easily, stop wasting your time with faucets !

(ps: that 0.001 BTC can easily be much more in the future, if i`ll sell more expensive products later)

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Mobius7 on December 25, 2014, 04:40:55 AM

Quote from: ranochigo on December 23, 2014, 04:03:53 AM

Quote from: bachelor on December 20, 2014, 07:07:54 AM

Quote from: LiteCoinGuy on December 20, 2014, 06:39:27 AM

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.

-store your hard earned BTC in a hardware wallet

:

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

Blockchain is pretty safe, they cant steal your balance since they do not have the private keys to spend it. If they get hacked, you would most probably not be affected as your private keys are encrypted on their server. Blockchain and coinbase can get hacked as you need your computer to broadcast or initiate transactions. Hardware wallets are either offline or designed to be protected from computer viruses.

Though your private keys are kept on the client side, there was a bug on blockchain.info causing users to sign their transactions with the same r values over and over again. As a result, the private keys are leaked.

AFAIK, private key are not kept client side , they are stored on the server, encrypted. And I believe some users did not send Bitcoins from their address and still got their BTC stolen. Reports said that the RNG was mistakenly altered during a scheduled update. The best way to store large amount of coins is offline storage. For desktop wallets, hive, multibit, electrum are all good choices for average users. For online wallets, blockchain.info would still be a good choice as this could have happened to any online wallet service.

Gianluca95

legendary

Activity: 1582

Merit: 1196

Reputation first.

Quote from: LOBSTER on December 22, 2014, 01:34:38 PM

Quote from: Gianluca95 on December 22, 2014, 01:20:08 PM

Why do you want to invest in cloud mining website? Do you know that a good part of cloud mining company are only scam?

Anyway, if you want to earn a good quantity of bitcoin try to sign in a signature campaign which is present in "Services" section !

Cloud mining is truly a scam. PBMining and now LTCGear.

Back to the topic: Make good posts and increase your activity. If you are Member / Full Member join a signature campaign and make 100-200 posts per month to earn about .1-.2BTC / month Wink

You and me told the same thing. It's absolutely a not good idea to invest in cloud mining website. I think that the only which is real is CEX.io, but it isn't convenient to invest in it, ROI is very very low.

Mobius7

hero member

Activity: 532

Merit: 500

If you have some particular skills like coding or graphic design or translating, you can sell your service for bitcoin.
Or you can join a signature campaign to get a little bitcoin from making posts.

Mobius7

hero member

Activity: 532

Merit: 500

Quote from: ranochigo on December 23, 2014, 04:03:53 AM

Quote from: bachelor on December 20, 2014, 07:07:54 AM

Quote from: LiteCoinGuy on December 20, 2014, 06:39:27 AM

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.

-store your hard earned BTC in a hardware wallet

:

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

Blockchain is pretty safe, they cant steal your balance since they do not have the private keys to spend it. If they get hacked, you would most probably not be affected as your private keys are encrypted on their server. Blockchain and coinbase can get hacked as you need your computer to broadcast or initiate transactions. Hardware wallets are either offline or designed to be protected from computer viruses.

Though your private keys are kept on the client side, there was a bug on blockchain.info causing users to sign their transactions with the same r values over and over again. As a result, the private keys are leaked.

jacktheking

legendary

Activity: 1484

Merit: 1001

Personal Text Space Not For Sale

I would say posting on this forums. When you rank up, join a signature campaign. I been entering Captcha for two years and only earned 1 USD (I agree.. it is frightening!).. Joined a Signature campaign and I earn 1 USD within 1 week..

. I regret wasting two years entering captcha.. Sad

..

Topic: noob in bitcoin (Read 2914 times)