Topic: What is the best bitcoin mining site? (Read 805 times)

I don't think so, that there's a good mining site. If i were you, i will join the signature campaigns. It's more profitable than cloud mining.

You mine on genesis for two year? How much did you profit from it? Have you read threads here about genesis mining service and why they are "legal scammers".
OP think twice, no one will give you money from their hardly earned. It seems they get more profit from you than you get from them. Buy equipment if you have money, control it and get more profit, why to make someone rich and yourself poor? Avoid cloud mining.

Purchase mining equipment rather than renting it off of a site. You would earn a little more profit that way due to the sites that are renting out hash power take a cut from it too.

for me the best cloud minig service is defently genesis mining iam using GM since 2 years now.
nad i got my ROI there and allways payed !
still the one one cloud mining witch offers open end contacts!
here is a 5% Discount promo code:  c1jFgO



kind regards

Never use cloud mining as one form of investment that we do. although there are some who are still paying for it but in my opinion it is dubious and not worth it. Look broadly that we can get better results by doing something else. some investments such as trading, lending, and opening up an exchange service can be one of the main options we can do instead of doing cloud mining whose results are nil.

There are alternative in cloud mining site that i think much more safe.
If you already have savings in bitcoin better to build your own rig and mine altcoin that you can convert in bitcoin or use nicehash to mine it that autoconverts your altcoin to  bitcoin..
This is  much more recommended and safety if you love your bitcoin better to invest  in your own hardware not investing in online that honestly not all online investment plan or cloud mining are safe..
There are lots of people already scammed so hope you think deeply before you invest..

There are many websites which claims to give good profits in their so called cloud mining website but most of them are fake.
I don't say that all of them are a scam since there are sites like Genesis and Hashflare which gives returns to it's users.
I personally don't prefer cloud mining sites since the interest is not much profitable for the amoun of time we place our money in it.
We could simply hold BTC or stake some coins which we would give better profits than cloud mining.

Only falling in trap does nor mean you are right...
this just shows that you are not lucky or that you have not skills to invest in mining sites.

according to my experience there was no legit mining site. All of them are ponzi. .promising some stuff but nothings happened.  Dont fall on it they provided some stuff that you will pay because of some reason that your miner machine or account will be faster to mine but nothings happened also so indeed mining are scam!

Do not put all mining systems in the same basket...
My mining site was never a scam and paid out with profit all investors.
Now all is for free and just the system is holden and the site keeps up making profit and paying out.

The mining sites are often ok...it's the webmasters who are NOK and scammers,not the site.

you will not make a profit


" Yes it IS basically a scam. A referral ponzi scheme. Yes there are payouts but you will never get even half what you put in.
Everybody here tells you Hashflare is great because they get 10% kickbacks when you sign up on their referral links.
I'm not willing to throw away my integrity for a few bucks, so here's the truth of it....

I've had an account with HF for 6 months. Mining for LTC and BTC.
(note LTC mining payed out in BTC)
Here's what I can tell you about my experience.

1. Overall, all mining yields have dropped 90% after 3 months, 70% after just one month.
(at this rate my contracts will cease soon, making the changes to "lifetime" contracts irrelevant)

DO NOT ASSUME YIELDS REMAIN THE SAME OR TAPER WITH DIFFICULTY LEVELS. THEY DROP VERY FAST.

2. LTC yields showed NO CHANGE during period where LTC price DOUBLED against BTC for a couple of weeks. In fact yields appear to be nothing more than a pre-defined exponentially decreasing yield curve that have nothing to do with coin prices, difficulty levels etc.

YIELD HAS NOTHING TO DO WITH PRICE

3. Since purchase of contracts when (BTC was in the $2000's) I have recovered 30% of my DOLLARS. Projected maximum return is 40%-50% of my DOLLARS (and that's being optimistic). If I had used the money to purchase coins instead the return would have been 200% - 300%. Dollar returns on HF decreased fast even while BTC and LTC were making big gains. What a joke.

4. Changing lifetime contracts to 1 year is nonsense. It gives the false impression that they'll actually still be paying out after 1 year. Don't believe it! Fact is they can (and will) do whatever it takes to maximize their profits and minimize your return. And if you call them out on these things your yield will drop even faster! Customer's that wise up aren't going to give them more money or more customers so there's no point keeping them happy I guess.

5. It is expensive and takes a long time to make a withdrawal. We have to pay very high BTC transaction fees when we're actually processing these transactions with our own purchased mining power, like... really?

6. When asked about why yield drops so fast and has nothing to do with coin prices or difficulty levels they completely avoid the issue and whinge about the demand, cost and maintenance of hardware.

In fact this entire business model would be quite profitable without any mining going on whatsoever. Who needs to mine when you can just put up a website with some pretty charts, take the money, buy coins and slowly give back a fraction of them over time?

Lastly, if this is the kind of deceit we can expect from the miners that basically drive the entire BTC network, then it doesn't bode well. Appears to me the mining situation for BTC is already so far askew from the original vision that the coin is in danger of losing "decentralized" status. "

I suggest do not invest in any cloud mining site or any investment plan online just to mine bitcoin..
If you really wanted to mine bitcoin you need an asic miner to mine bitcoin and the best hardware that you can mine bitcoin as of now is asic miner bitmain s9 and i think the price still not increase if you directly buy it in bitmain..
Or Build your own GPu miner for altcoin like the above recommended nicehash is  a software easy to  mine altcoin converted directly to bitcoin..

I propose my "virtual" U2cloudmining site...Less then 1 minute daily is enough to get profit from the site.
It is paying since October 2015 and is since 2016 absolutly for free.
I offer cash for free...I can not do more.Some here say I should do.

Do you want to mine with your hardware or use cloudmining?
For me, the best cloudminer is still eobot, but they announced, that they maybe will not offer anymore the mining because of ICO/Exchanger ban () in China. So probably soon will the last good cloudminer give up.

Genesis Mining or Nicehash (Maybe Hashflare)

Stay away from HYIP and cloud mining sites that guarantee a certain profit. Only invest in well-known companies.

Read more at www.allcloudminers.com

It has been asked a lot of times by newbies, why have you not even check this section of the forum instead of creating a new thread for it? it is a waste of time for you, and for us, because it has been replied so many times in here. There are no good cloud mining websites, most of them are scam, so if you want to lose your money in a slowly way, then invest in hashflare or genesis mining.

Dude you could make a tiny bit of bitcoin via cloud sites but beyond the scam side of things it is very hard to make a decent profit from bitcoin mining nowadays.

I would suggest simlpy holding your bitcoin or maybe try your hand at trading some altcoins which is risky and could both give you some profit and also lose it.

Obviously you are asking for a cloud mining website which are repetitively ask through here in this section. You are a newbie and good thing you know where to post and it's already here in the service discussion.

Have you ever heard about cloud mining or not? Are you referring to the usual way of mining through asic miners or GPU's miners? Don't get mad if everyone here will say that cloud mining are just scam.

There is also a certain project Ice rock mining try to click my signature and learn something about it. But still invest at your own risk. For GPU mining there is nicehash, they've released their statement regarding the difficulty and they will adjust it.

Well if you want do cloud mining service you can choose https://www.hashnest.com/ it is cloud mining service be supported by bitmaintech as hardware of miners, it can be trusted but I don't recommend it because it will takes long term to get ROI return of investment, I just shared it for education only, if you want do mining hardware you can calculate the profitable on here https://www.nicehash.com/profitability-calculator good luck.

Buddy, are you asking about cloud mining sites? Please don't think about cloud mining services. Because it will take a lot of time to reach your ROI. So its really a waste of time.  At the present scenario, mining bitcoin is really expensive. You need to buy asic miner which is very costly. But you can do one thing. You can mine monero in minergate site and exchange it for bitcoins. For mining monero, you don't need any special mining device. If you have a PC, then its more than enough.