Top of the best platforms for cloud mining

HeRetiK

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Quote from: myhashingmining on September 27, 2018, 09:40:40 AM

Quote from: HeRetiK on September 26, 2018, 02:14:13 AM

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Quote from: HeRetiK on September 25, 2018, 10:42:32 AM

Protip for newcomers: Stay away from cloud mining. Worst case you're getting scammed, best case you're getting hashing power for a price that will never turn a profit. Don't underestimate difficulty increases, my friends.

It's incredibly difficult to make people actually listen to what we are saying here. In most cases they jump into cloud mining after having watched paid shills on YouTube praise generating passive income through cloud mining.

Oh definitely. I still think it's worth repeating though, in case someone starts doing research of their own beyond YouTube and happens to stumble upon a thread like this.

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Maybe it's time to start reporting these YouTubers on a large scale, because these YouTubers are one of the main reasons newbies still think cloud mining is profitable enough to invest in.

Most people search for cloud mining reviews and demonstrations on Google and then mostly end up on YouTube. YouTube was also a major factor with how paid shills there made BitConnect look like a solid investment.

I doubt it would amount to anything unfortunately. It's a slippery slope for one (a couple years back you could have argued the same about Bitcoin -- in crypto the borders between speculative and scammy are very blurred for an outsider), secondly even the advertisements being run on YouTube have sank to a level where I've seen straight up HYIPs being promoted.

Why would people believe your nonsense? Cloud mining is as real as ever!

[...]

Because people have mined with both physical hardware and mining contracts before, know some basic math and are not as inexperienced as some of the newcomers cloud mining companies try to sell their contracts to.

Even assuming the hashrate actually exists, offering cloud mining services is merely a way to pass on the majority of the risk of the initial investment on to an unsuspecting customer. Why wait for your mining infrastructure to reach ROI some time in the unpredictable future when you, as a mining company, can get your money right now by selling your hashrate to some easy victim? All that for the added bonus that your targetted userbase is willing to pay more for the hashrate than one may ever expect to make from merely mining in the first place.

It's basic economics, really. Everything else is just a fairly tale.

myhashingmining

newbie

Activity: 8

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Quote from: HeRetiK on September 26, 2018, 02:14:13 AM

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Quote from: HeRetiK on September 25, 2018, 10:42:32 AM

Protip for newcomers: Stay away from cloud mining. Worst case you're getting scammed, best case you're getting hashing power for a price that will never turn a profit. Don't underestimate difficulty increases, my friends.

It's incredibly difficult to make people actually listen to what we are saying here. In most cases they jump into cloud mining after having watched paid shills on YouTube praise generating passive income through cloud mining.

Oh definitely. I still think it's worth repeating though, in case someone starts doing research of their own beyond YouTube and happens to stumble upon a thread like this.

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Maybe it's time to start reporting these YouTubers on a large scale, because these YouTubers are one of the main reasons newbies still think cloud mining is profitable enough to invest in.

Most people search for cloud mining reviews and demonstrations on Google and then mostly end up on YouTube. YouTube was also a major factor with how paid shills there made BitConnect look like a solid investment.

I doubt it would amount to anything unfortunately. It's a slippery slope for one (a couple years back you could have argued the same about Bitcoin -- in crypto the borders between speculative and scammy are very blurred for an outsider), secondly even the advertisements being run on YouTube have sank to a level where I've seen straight up HYIPs being promoted.

Why would people believe your nonsense? Cloud mining is as real as ever!

How can traditional mining be better when you have to take into consideration ALL the following aspects:

1. Electricity bills
2. Constant monitoring of hardware equipment
3. Cool environment
4. Low profitability
5. High competition
6. A lot of initial investments

Yes, before proceeding with specific cloud-mining service provider, you will do your due diligence and come to conclusion which one suits your needs!

For example, at MyHashing, our mining data centers are located in Georgia, which is tagged as one of the cheapest places electricity-wise, and its hardware-friendly climate contributes to their performance.

Our rates will also guarantee that the hashpower provided will be sustainable 24/7.

So please remind us once again, why would you turn to something outdated and imperfect, when cloud mining offers hell of a benefits!~

MyHashing will be a unique platform, offering its users LEGITIMACY and AUTHENTICITY which are our main virtues.

Our website will soon be deployed, and our rates published!

In the meantime, you can follow us on Facebook, Twitter, and Bitcointalk ANN.

HeRetiK

legendary

Activity: 2912

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Cashback 15%

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Quote from: HeRetiK on September 25, 2018, 10:42:32 AM

Protip for newcomers: Stay away from cloud mining. Worst case you're getting scammed, best case you're getting hashing power for a price that will never turn a profit. Don't underestimate difficulty increases, my friends.

It's incredibly difficult to make people actually listen to what we are saying here. In most cases they jump into cloud mining after having watched paid shills on YouTube praise generating passive income through cloud mining.

Oh definitely. I still think it's worth repeating though, in case someone starts doing research of their own beyond YouTube and happens to stumble upon a thread like this.

Quote from: BitHodler on September 25, 2018, 06:56:55 PM

Maybe it's time to start reporting these YouTubers on a large scale, because these YouTubers are one of the main reasons newbies still think cloud mining is profitable enough to invest in.

Most people search for cloud mining reviews and demonstrations on Google and then mostly end up on YouTube. YouTube was also a major factor with how paid shills there made BitConnect look like a solid investment.

I doubt it would amount to anything unfortunately. It's a slippery slope for one (a couple years back you could have argued the same about Bitcoin -- in crypto the borders between speculative and scammy are very blurred for an outsider), secondly even the advertisements being run on YouTube have sank to a level where I've seen straight up HYIPs being promoted.

BitHodler

legendary

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Quote from: HeRetiK on September 25, 2018, 10:42:32 AM

Protip for newcomers: Stay away from cloud mining. Worst case you're getting scammed, best case you're getting hashing power for a price that will never turn a profit. Don't underestimate difficulty increases, my friends.

It's incredibly difficult to make people actually listen to what we are saying here. In most cases they jump into cloud mining after having watched paid shills on YouTube praise generating passive income through cloud mining.

Maybe it's time to start reporting these YouTubers on a large scale, because these YouTubers are one of the main reasons newbies still think cloud mining is profitable enough to invest in.

Most people search for cloud mining reviews and demonstrations on Google and then mostly end up on YouTube. YouTube was also a major factor with how paid shills there made BitConnect look like a solid investment.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Hellboy1337 on September 22, 2018, 06:32:51 AM

While individual mining of cryptocurrency is becoming less effective

they cancel the contracts whenever they want, they do not make payments as they should, they are getting rich at the expense of people's money and while people are losing money on contracts that do not generate profits. say: " becoming less effective "? Is unrealistic. The reality is that this cloud mining service is a business that does not generate fair returns for people.

Quote from: Hellboy1337 on September 22, 2018, 06:32:51 AM

users are actively resorting to cloud mining, which allows them to earn cryptocurrencies without buying equipment.

People are wasting time and money. nothing more than this.

and this:

Quote from: Hellboy1337 on September 22, 2018, 06:32:51 AM

All this is very simple. Mining farms are already collected in data centers: you just have to start mining.

is the key to loss. Many people register in cloud mining sites because of this phrase, this thinking causes many to lose money

Quote from: Hellboy1337 on September 22, 2018, 06:32:51 AM

This is especially convenient for users living in countries with expensive electricity

convenient for users? It is not convenient, it's a big loss

Quote from: Hellboy1337 on September 22, 2018, 06:32:51 AM

Here are the best providers of cloud mining services:

all are services that only enrich the owners of cloud mining.

xIIImaL

legendary

Activity: 1372

Merit: 1005

With this worst form of invest first what we gonna do with our hard earned money.

Even the top best cloud mining projects are also involved in the scams so there is really not worth to invest on this platform with any sites mate.
Genesis and Hashflare the best one still you are looking means you can take this as suggestion.

crairezx20

legendary

Activity: 1638

Merit: 1046

It looks like there are still many people are believing in cloud mining. There are many people including me experience different cloud mining sites that I thought can gives me a good profit in the future but since the difficulty increases and the price of bitcoin falling the profit becomes negative instead of making more profit.
Look at the business how it works they are selling hashrate when the price is profitable and then owners get the benefits of gaining profit before the profitability becomes unprofitable.
That is why I decided to build my own rig and mine altcoin then exchange into bitcoin because you own a physical product and anytime you can resell it to get the amount what you invest.
It is not a bright idea to invest in cloud mining site you are just giving them to make more money and the owners are smart because they know what will happen in the future.

HeRetiK

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Activity: 2912

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Cashback 15%

Protip for newcomers: Stay away from cloud mining. Worst case you're getting scammed, best case you're getting hashing power for a price that will never turn a profit. Don't underestimate difficulty increases, my friends.

shield132

hero member

Activity: 2198

Merit: 847

On coinface you have image of coinbase, it turns people into wrong way. This one, Hashtoro and Syntropy was unknown for me.
Hashing24 isn't in business from 2012 year as far as I know, also genesis isn't best (if not worse) provider in world. When people read such reviews, they can think it's good to invest so instead of lying to them, let's say truth and never use word best or good while reviewing cloud minings.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: leowonderful on September 24, 2018, 08:37:39 AM

Everything looks okay here, I just think that there should be some more time invested into the legitimacy of these platforms, as a potentially scammy platform should not be considered part of the ‘top’.

The only way to determine what is a scam or legit cloud mining platform is to use mining addresses as evidence. However, since the far majority of these platforms aren't willing to share any, and you can't find it yourself because these shit platforms aren't mining at all, you can directly come to the conclusion that they nearly all are scamming their customers.

As much as I dislike Bitmain, their cloud mining platform HashNest is the only one from which you can easily find their mining addresses (because they are actually mining), and thus also know to what extent of hashrate their operation accounts for. But even in that case, you're still subject to a scheme that has one core business structure; the house always wins.

milewilda

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Quote from: leowonderful on September 24, 2018, 08:37:39 AM

I agree with what buwaytress has said so far. Seems like you’re pretty biased towards supporting the cloudmining platforms and you are only listing the positives of the platforms and none or few of the negatives skimming through this article. As a regular browser of this section, there’s a lot of negative information towards some of these platforms, such as Hashflare and Genesis Mining, and that isn’t really addressed except for the notice at the bottom. You also didn’t list Hashnest, Bitmain’s cloudmining platform, which I know is a pretty popular option that’s also bigger than some of the smaller platforms listed here. Everything looks okay here, I just think that there should be some more time invested into the legitimacy of these platforms, as a potentially scammy platform should not be considered part of the ‘top’.

No doubt and i do rather believe this is just a simple advertisement of those cloud mining sites and the fact that most people do aware on Genesis and Hashflares existence but basing on the list im not even aware that those cloud mining companies do exist too but well it doesnt matter because no matter whats their current situation in the market it would really still have the same impressions about these cloudmining which they arent really profitable at all.Period

Quote from: Frai_zen on September 22, 2018, 07:33:18 AM

Really a very good article. Thank you author for spending a lot of time on it. Keep from me merit for your efforts!

No it isnt and dont let yourself blinded with those too good to be true contracts and possible passive incomes because later on you would really be stressed out when you experience problems.

leowonderful

legendary

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Bitcoin FTW!

Just skimming through the latest threads here about Hashflare, there’s a few threads regarding issues with contracts such as this thread and also this thread. There’s one post in the latter thread that states Hashflare is owned by HashCoins, which sold miners to people and mined with the units themselves, never delivering units to the buyers. It seems there’s mixed opinions and responses on the thread linked in the post dealing with HashCoins, but HashFlare does have a somewhat murky past.

I’ll come back if I find more information regarding any of the cloudmining sites. There’s thousands of threads and posts about these various platforms on this forum, and I learn something new every time I click on a thread.

Hellboy1337

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Quote from: leowonderful on September 24, 2018, 08:37:39 AM

I agree with what buwaytress has said so far. Seems like you’re pretty biased towards supporting the cloudmining platforms and you are only listing the positives of the platforms and none or few of the negatives skimming through this article. As a regular browser of this section, there’s a lot of negative information towards some of these platforms, such as Hashflare and Genesis Mining, and that isn’t really addressed except for the notice at the bottom. You also didn’t list Hashnest, Bitmain’s cloudmining platform, which I know is a pretty popular option that’s also bigger than some of the smaller platforms listed here. Everything looks okay here, I just think that there should be some more time invested into the legitimacy of these platforms, as a potentially scammy platform should not be considered part of the ‘top’.

Regarding negative information about Hashflare and Genesis Mining: You can help me with this, I'll add it to the article. Thanks for the constructive criticism.

leowonderful

legendary

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Bitcoin FTW!

I agree with what buwaytress has said so far. Seems like you’re pretty biased towards supporting the cloudmining platforms and you are only listing the positives of the platforms and none or few of the negatives skimming through this article. As a regular browser of this section, there’s a lot of negative information towards some of these platforms, such as Hashflare and Genesis Mining, and that isn’t really addressed except for the notice at the bottom. You also didn’t list Hashnest, Bitmain’s cloudmining platform, which I know is a pretty popular option that’s also bigger than some of the smaller platforms listed here. Everything looks okay here, I just think that there should be some more time invested into the legitimacy of these platforms, as a potentially scammy platform should not be considered part of the ‘top’.

Hellboy1337

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Activity: 99

Merit: 1

Quote from: buwaytress on September 24, 2018, 08:06:23 AM

While I would agree you're not responsible for them making good on promises (spoiler alert, they don't), you might want to take a bit more responsibility for writing up about these guys without revealing any of their track records and performance over the past few years. You're also not challenging or trying to validate if their income is real. None of these guys are transparent about anything. Not the supposed pools they're using, nor the equipment they claim, nor the revenue they report.

Search this forum or google "cloud mining scam" and you'll see it's a huge can of worms that surprisingly hasn't been covered by mainstream media.

In theory the idea of pooling resources to operate otherwise costly equipment sounds profitable. But in reality, the inefficiency of accepting funds and then divertiing that to hashpower means you're forever catching up with difficulty and stagnant Bitcoin price.

How about adding all that into your writeup?

Thank you for your help! Added your post to my article. I hope you will appreciate it)

buwaytress

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Join the world-leading crypto sportsbook NOW!

While I would agree you're not responsible for them making good on promises (spoiler alert, they don't), you might want to take a bit more responsibility for writing up about these guys without revealing any of their track records and performance over the past few years. You're also not challenging or trying to validate if their income is real. None of these guys are transparent about anything. Not the supposed pools they're using, nor the equipment they claim, nor the revenue they report.

Search this forum or google "cloud mining scam" and you'll see it's a huge can of worms that surprisingly hasn't been covered by mainstream media.

In theory the idea of pooling resources to operate otherwise costly equipment sounds profitable. But in reality, the inefficiency of accepting funds and then divertiing that to hashpower means you're forever catching up with difficulty and stagnant Bitcoin price.

How about adding all that into your writeup?

Hellboy1337

jr. member

Activity: 99

Merit: 1

Quote from: zbutterfly on September 23, 2018, 08:30:43 AM

Have you tried all the cloud mining services you wrote? im using genesis mining, i have 2.5 TH/s SHA256, since June 2018 they did not pay me.

I am not responsible for their payments. Have you tried to write in support? Did you ask other users if they did not receive payment?

zbutterfly

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Have you tried all the cloud mining services you wrote? im using genesis mining, i have 2.5 TH/s SHA256, since June 2018 they did not pay me.

Ahsan Aly

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For who is really interested in Cloud Mining and Genesis Mining here are quite helpful suggestions.
Basically, it's a tip to prevent loss.
People who are mining cryptocurrencies they need a guideline. Hopefully, they will follow the instructions.

Frai_zen

jr. member

Activity: 196

Merit: 2

🚀🚀 ATHERO.IO 🚀🚀

Really a very good article. Thank you author for spending a lot of time on it. Keep from me merit for your efforts!

Topic: Top of the best platforms for cloud mining (Read 339 times)