Topic: UPDATE - Best way to profit from Cloud Mining - BitForx.com [Official Thread] (Read 512 times)

Great news guys! We finally updated the Price for our Bitcoin Mining contracts!

Maintenance fee is given for 1GH/s with no Withdrawal Limits!

https://scontent.ftbs1-2.fna.fbcdn.net/v/t1.0-9/34690242_2121882128070765_1783851822432124928_n.jpg?_nc_cat=0&oh=a19c82215b0dacab24838be2640f6352&oe=5BC02BD3

Depending on backgrounds and generation similarity, prices of Mining contracts of BTC and BCH are the same for a time being. We are planning to update our prices to better suit the consumer requirements. We will announce our new price policy in the nearest future.

Thank you for being loyal to our services and good luck!

do Bitcoin and Bitcoin cash have the same price? or is it a mistake?

📋 Have a quick tour of our mining data center as well as have a quick glance at the building process of the new facility.


https://www.youtube.com/watch?v=4S6o1Z7qveA&t=6s

For those who has been waiting for Bitcoin Cash Mining and keeping up on our Updates, here are the prices of our BCH mining services.

- Starter Package - 50-1000 GH/s Price Per 10GH/s 1,9$
- Best Package - 1000-5000 GH/s Price Per 10GH/s 1.85$
- Elite Package - 5000 GH/s more Price per 10GH/s 1.8$

Be ready to get some more pleasant updates on our Price Policy!

UPDATE 2018- 05 - 08

Great news Guys! Everyone who would want to try mining Altcoins, we are offering you our updates - you can now mine Bitcoin Cash with us!

Aside from Bitcoin and Litecoin (which was added few weeks ago) you can now mine BCH and store it in our updated Digital wallet Application.

For those who has been waiting for Litecoin Mining and keeping up on our Updates, here are the prices of our LTC mining services.

💲 Starter Pac - 5-120 MH/s Price per 1 MH/s $3.2
💲 Best Pac - 120-350 MH/s Price per 1MH/s $3.1
💲 Elite Pac - 350 MH/s or more Price per 1MH/s $3.0

UPDATE !!!

Great news for everyone who was waiting for Litecoin announcement! We have been talking about it for a long time now and finally we are able to offer our Customers LTC mining. From now on you can mine Litecoin with us and store them in our Digital Wallet!

Thank you for your review. We will make sure to be in contact with you!

Hey guys, I wrote a review about you and few words about some of my experience in cloud mining. here, check it out https://bitcointalk.org/index.php?topic=3307867.new#new

At this moment we only provide with Bitcoin Mining services, but soon (approximately this week) we will be adding LITECOIN mining to our services. As for the Ethereum, that is also planned but for now we can not confirm when will we start mining ETH.

UPDATE:

Our Mobile Application is now available for iOS device users as well.

To download our App for iOS devices press here -   BitForx iOS Mobile App

For Android users, press here - BitForx Android Mobile App

We do not limit our Customers with withdrawal money, however we do have a Withdrawal fee - 0.001 BTC. So basically, you can withdraw minimum of 0.001BTC, any amount greater than that can be withdrawn anytime.

P.S - We are working to reduce the Withdrawal fee in Future

I'm sorry I still can't decide. are there any withdrawal limits?

Thank you for your Questions, we will try to explain everything from our side. Yes, our Mining process has begun 421 days ago, but we launched our Website last year. This is because, we have been preparing Miners, equipment was being tested, we were arranging everything so our Services would be flawless and ready to be used. After this, we decided to launch our Website and let our Customers start Mining Bitcoin with us. At the same time as we were being developed, our Competitors have been changing their contracts, agreements, prices, practically toying with Customers, and our main Aim was to end this and provide Customers with the services that would have fixed prices and Contract details.

As for the Evidence about the fact that the Mining Farm is ours, you can easily see in videos that there are BitForx Workers going around, doing their job. Video is presented by our Head of Marketing and PR Department, we provide our Audience with all the information about our Company and our Team. Besides this, our Mining Farm’s doors are open for everyone who is interested, every single of one our Customers, Journalists, Media, everyone who thinks it is important to see what we are doing and where are we working are welcome to visit our Mining Farm. Besides this, if you have any suggestions on how to prove that this Mining Farm is ours we are more than happy to hear it out from you.

As for the Wallet. We are still developing, adding some new features and making our Services more comfortable and relatable for our Customers. Of course, people can easily use other Applications or popular Wallets, but our Wallet’s Advantages are that we have both Hot and Cold wallet, where you can collect and save your money without any Internet Connection (Cold Wallet). We were thinking of gathering every feature that Cloud Mining needs in one point so the Customer doesn’t have to go around applications and websites to Mine Bitcoin.

It is important to help out others and give them your recommendations.Your point of view is important and we are glad to hear from you, but try our services first and then give us a review that is based on real facts and real experience. If there are any other questions regarding our Services or Transparency, feel free to ask, we are more than happy to answer you.

You claim that you've been mining for 421 days when your site only launched last year - is there any proof for that?

You're also trying to market yourselves as a wallet service, which makes no sense. You're not an exchange, so as I said it makes no sense for anyone to store funds with you. They can easily use electrum or any other desktop client with a load more security.

I have to say that you have provided some video, which is good. But that's not conclusive evidence that you actually own the miners, or you are legit. If you guys decide to pull a runner, thousands of newbies will probably get scammed as a result with no legal recourse available to them.

Based on my personal experience, a legit cloud mining service is never profitable over the long run, and a profitable cloud mining service is never legit.

Just my 2 cents. I would recommend others to not try this site or any other cloud mining site for that matter. It's definitely not a "good investment for newbies", in fact quite the opposite.

Crypto world is diverse and everyone has their own opinion about everything that’s going on. Some people don’t trust Bitcoin or Altcoins, someone thinks that it is just a waste of money and time, some even don’t consider that Cryptocurrencies will achieve something big, some people try to buy as many Miners as possible, some people are just buying ICOs and holding on to them for a while.

What we are trying to say is that Everyone has their preferences and we get that you prefer Physical Mining over Cloud Mining, but there are people who would much rather invest in Cloud Mining. We understand your opinion and respect that, every opinion and remark is interesting and should be taken into account, but that depends on person.

We are offering our Audience a trusted service and it’s their business to choose Cloud or Physical Mining. Our aim is to provide a Person who chooses Cloud Mining and starts working with us, with excellent service and leave them satisfied. We are trying to be the best in this field, we provide our Audience with all the information needed, we try to be as Transparent as possible and offer our Customers better services than our Competitors do. It is crucial to realize that Cloud Mining is not for everyone, but if someone wants to invest in Cloud Mining we are ready to be as much help as needed.

Thank you for your interest. Let us say tell you that Cloud Mining is a great solution for Newbies like you and for people who don’t know what Equipment they should buy to mine, where can they buy it and how much it costs. Assuming you already know the benefits and downsides of Cloud Mining, we are straight away going to tell you shortly about us.
Our company was founded in Georgia in 2017 for the Local Market. After seeing our Success and satisfied clients we moved our range to Global Market. We provide our Customers with secure Digital Wallet, as well as Cloud Mining Services.
In comparison with our Competitors (you mentioned Hashflare and Genesis Mining) we have more and newer Miners. Our Hardwares are the world's’ most Modern Hardwares, while for example Genesis Mining uses old Hardwares for mining Bitcoin and Altcoins. Genesis Mining doesn’t have Contracts to sell at this moment and they have been instituted with several Regulations in USA (they are now unable to sell Contracts in USA).
Our Contracts are stable, unlike Hashflare’s, they changed the terms of their Contracts and their durations several times through all these years. We on the other hand have very engaging contracts and terms : We don’t limit our Customers on daily withdrawal amount, we have a very small fee for Withdrawal (which is going to be lowered in future). We are very Transparent about our location, our Team and our Process, we are engaged in our Community’s remarks and are glad to hear more from our already existing and potential Customers.

While it is your decision to invest either with them or with us, these are all the things you need to know. And if there’s anything else we can help you with, you can always contact us.

What a nice words, this makes me to invest in cloud mining but wait. I don't have to pay for electricity? I don't have to worry about noise? I don't have to worrt about anything, just sleep and get money?
Man, what a lie. Cloud mining is profitable for offerers, not for investors. You lie customers with that beautiful worlds, you aren't crazy billionare to give us free money.
And you know it, if you still don't understand why we don't have to invest in it and what's cloud mining, don't hesitate and ask me, I'll make everything more clear.

Thank you for your comment, but we have to say that Cloud Mining has been and is a Solution for the stated problems. Only downside is that 95% of Companies working in this field are scammers and that's hindering honest Companies to work normally.

Mining Bitcoin yourself is correlated with a lot of problems and issues people don't realize. You have to buy equipment, have to have a place to place a Miner, have to pay Electricity bills and take that unbearable sound and heat (especially in Summer) that it produces. Many people want to start Mining Bitcoin but not all realize that it comes with a lot of problems. Besides the issues you might have with sound or heat, Miners can be easily damaged while transporting, or they might have a Factory defect. Miner itself is very expensive and it would cost even more to fix a broken part.
 
As we already stated, because of all these problems we decided to create our Cloud Mining Services. Our customers are just leasing the Miners and they produce some profit for them. It is cheaper than physical mining and more comfortable.

Besides this, With us you can end the Contract whenever you think is time to end it, whenever you feel you got enough profit out of it. You can withdraw your earnings anytime you wish to with just a small amount of fee. We guarantee our services are high quality and safe, that's what makes us competitive on this Market.

But of course this service is not for everyone. Everybody has their needs and preferences and thank you for stating your preference

Ok, I stopped reading this topic after I read this:

Solution for this problem exists and it is Cloud Mining.

This is nonsense. Cloud mining is not solution for problems, it is problem. I wouldn't suggest anyone to pay a dime to any cloud mining service no matter how legit they are. If anyone has money to invest in cloud mining than you have money to buy gpu and mine coins yourself.

I am a bit newbie in this field, I’ve been researching and learning more about this stuff (I want to start mining so..) It is the first time I hear about you, I’ve been going through your prices and they seem to be the same as Hashflare and genesis have, can you please tell me how will I profit by working with you? (how is it better working with you?)

We will clear this situation up for you. When we launched our website in 2017 we started producing Test Contracts for Customers in Georgia. We were at first oriented on Georgian Market, because the Mining Farm and our Head Office is in Georgia. Georgian Customers were able to buy Contracts and all of our efforts, Ads, Marketing Campaign was oriented on Georgian Market. After ending the test Mode we officially launched our Services for the Global Market, we started promoting our Project on Google Ads, Facebook, other social media, etc.

As you might have seen in the Video we provided you with, our Mining Farm contains 10 000 Miners, but that hasn't always been like that. For the test mode, amount of Miners were 4 times fewer than we have now, in December, when the Bitcoin prices were hitting the Maximum of what it has achieved interest got increased, Customers started buying our Contracts and few big Investors got interested with our Project, thus, all the Hashpower was sold out!

After this, we started renewing the Mining Farm. Amount of miners has increased 4 time now, we redesigned our website, made it more comfortable for our Customers, added some new features and made it more suitable for Global Market.

The process of renewing our Mining Farm was transparent and every single one of our Customers could keep an eye on us. You can check out this video we published on our Facebook Page https://www.facebook.com/Bitforx/videos/2024996434426002/

At this moment the Hashpower is so big that it is practically impossible to sell it all out, unless some big enthusiast decides to get involved with us 

Thank you for your Remarks, this really helps us Communicate with the Community, it really helps us let people understand more about what we do and how we do it. If there are any more questions, feel free to ask.

Help me understand something, if you would be so kind.
On your Facebook you posted on 5th December that, two months after launch, you sold out of hash rate.

UPDATE : It is now available to check out our Introductory Videos that Describes our Mining Farm in Kutaisi, Georgia.

https://www.youtube.com/watch?v=Hgq5PHggk1Y
https://www.youtube.com/watch?v=DjNFqhBuw54

We don't have a payout limit, because the Contracts can basically let customers buy unlimited Hashpower. As you might have seen on our Photos and Videos, our Mining Farm is very big, it contains 10 000 Miners and our 2 year Contracts has no limits over the amount of Hashpower.
Daily profit depends on the Contract Customer buys, it can be somewhere in between $0.02 - $2000

That was the exact same issue we came across while working on creating a Calculator for our Web-page. We are trying to create a Platform which contains every single detail for Cloud Mining, thus we want to have a Calculator on our Website, but of course we are considering Requirements and requests from our Customers.
Thank you for Your Remarks, we will take it into account.

What is the payout limit and ur site pay profit on daily basis

I would maybe think twice about that.
As you say, independent calculators are widely available, whereas an on-site one would leave you open to criticism of an implied ROI which, as you know, is difficult territory for cloud mining providers. They are also widely used by scam sites.
As you will find, customers can be very sensitive to variations in payments (i.e. difficulty adjustments) which are beyond your control.

Thank you for your Remarks, we appreciate every single Comment that we get on our Work. Right now, Our Customers can calculate their income With the Amount of Hashpower they own. At this moment, there are numerous sources that offer similar Calculating services which Customers can use them, but of course We are also Planning to add a Calculator in Future

Thank you for this information. I must admit that your suff looks very professional! Nice!  
One more thing that is missing me on your website is a calculator ... something that will help to calculate (more-less) the profit/ROI.

Our Headquarters are in Tbilisi, Georgia A. Kereselidze str. 12. All the information about our Contacts is provided on our Website.

Our Mining Farm in in Kutaisi, Georgia in the Industrial Zone. The video that we linked in Announcement shows our Mining Farm. https://www.facebook.com/pg/Bitforx/photos/?ref=page_internal Here's the link to our Mining Rig's Pictures.

Thank you for your Advice, We will Consider it.

It is very good that you reveal yourself as project developers, but there is a lack of information about the mining farm. Can you reveal your headquarters address, and preferably pictures of your mining rigs?
Also think about starting a market where is possible to trade contracts or mining power - it will be very helpful.

March 15, 2018 - We have an Update today on Our Price Policy:

- Starter Package - 50-1000 GH/s Price Per 10GH/s 1,9$
- Best Package - 1000-5000 GH/s Price Per 10GH/s 1.85$
- Elite Package - 5000 GH/s more Price per 10GH/s 1.8$

Our web-page mainly focuses on Digital Wallet and we are making sure that our wallet is strong and safe. But besides this, our aim is to attach other services to our Wallet. At this moment, the main wallet has Cloud Mining services attached so that you can make more Income while also Saving some of your earning in our Cold Wallet, without some extra charges.

In the future, our platform will contain more functions like Tradings and so on. We are planning to create one Platform that combines all the functions and services needed to Mine Bitcoin so that our Customers don’t have to search for those services all over the Internet, everything will be in one Place.

Is it a mining or a webwallet? on your site indicated that this is a convenient and affordable wallet!
about mining only at the bottom of the site

You can make a lot of Money Mining Bitcoins, but the problem is that you might not really have deep understanding of the field. Solution for this problem exists and it is Cloud Mining. You can leave extra worries aside and start Mining Bitcoin without knowing Miner Prices, Pool revenues, Electricity costs, etc.Cloud Mining services are gaining their popularity because of the advantages they carry, like no need to invest huge amount of money on buying Mining equipment, you can start with Minimum cost; No need to pay for electricity bills and cope with unbearable sound and heat that Miner produces.With all the Advantages that comes in with Cloud Mining, there are also some risks to be aware of: A lot of companies in this field are scammers and it becomes more and more difficult to work as an Honest Company and for Customers it’s hard to entrust their Income.


The problem is not knowing whether the Company will be honest or a Scam? Not knowing how much to pay for Mining Equipments, how much electricity do you need to sustain your Miner, What kind of caring does a Miner need? This is the Problem, for which our team has created BitForx - Cloud Mining as a solution.BitForx is a Cloud Mining service provider that distributes possibility to its’ Customers, to generate additional or main Income from confirming transactions in bitcoin network. Our team has great understanding of Bitcoin and Blockchain based technologies, we believe that the future is overtaken by Crypto currencies and we take few steps forward on Adapting those new terms. BitForx was founded in Tbilisi, Georgia and operates on 6 Chabua Amirejibi Hwy. Today, also owning a Mining Farm in Kutaisi, Georgia, which is displayed in this video https://www.youtube.com/watch?v=5-e_TRTLDEU .BitForx owns 10 000 Miners and provides Cloud Mining Services to Customers all over the World.

Our Benefits Are:

Transparency - Our team has a lot to offer to Customers and we try to stay as transparent for you as possible. You can easily find information about each and every one of us on our Web-page, with the possibility to view our LinkedIn profiles and make sure that you are dealing with professionals with deep Understanding of this subject.

https://i.imgur.com/YDOtnOA.png

We are Providing Information in numerous Formats - Videos help our Customers visualize the Process, Blogs that delivers more information to our Customers and potential Contractors, Social Media to be in touch with our Clients and be the best help we can be.

Low Cost Contracts - One thing cloud Mining has definitely overshadowed Physical Mining with, is the possibility to start from the lowest cost Contract - 10 USD with the lowest price on BitForx, no need to spend $4000 on Mining Equipments and $100 a month for Electricity.

https://scontent.ftbs1-2.fna.fbcdn.net/v/t1.0-9/34690242_2121882128070765_1783851822432124928_n.jpg?_nc_cat=0&oh=a19c82215b0dacab24838be2640f6352&oe=5BC02BD3
This is the price of Bitcoin Mining contracts. (Maintenance fee is given in 1GH/s, no withdrawal limits)

Continual Progress - We are working everyday to advance ourselves and achieve the maximum level of Progress, to satisfy ourselves and our Customers as well.

Cloud Mining simply explained is just Contracting an amount of hashing power, without having a dedicated physical or virtual computer, this way you’ll be getting rid of all the disadvantages Physical Mining has and be earning some extra Income.Besides Cloud Mining services We provide our Customers with Digital wallet service. We produce both Hot and Cold wallet systems so that your needs are satisfied. You can use our Hot wallet to keep your active finances and purchase products or services, or hold a Cold Wallet as a savings account, or have both. It’s your choice.


And for more flexibility, our team has introduced Mobile Applications for both Android and iOS users so that using our services will be more Comfortable and available for you. Wherever you go you will have your own Digital wallet in your Phone and can operate with it with whenever you want to buy something, pay for goods or do other Financial Transactions.



You can visit our Social Media Pages to learn more about us, to keep up with our updates and get help from our Support Team.

Facebook
Twitter
LinkedIn

We are Welcome to hear out your feedback and Advice. We are improving ourselves based on our Customer’s opinions. We would be more than happy to know how can we be helpful for you and what more would you like to know about our Industry.

You can also check out our Introductory Videos:
https://www.youtube.com/watch?v=Hgq5PHggk1Y
https://www.youtube.com/watch?v=DjNFqhBuw54

2018 - 04 - 23 UPDATE

Great news for everyone who was waiting for Litecoin announcement! You can now mine LTC and store it in our Digital Wallet!

https://i.imgur.com/xoszKns.png

2018 - 05 - 08 UPDATE

You can now cloud Mine Bitcoin Cash with Bitforx! Our digital wallet has been updated as well and you can store your bch in our wallet as well!