Topic: What is the best Mining sites online? (Read 1291 times)

I would say get into hashnests cloud mining, but only if you can get discounted rates to those who are trying to get rid of theirs..

So basically you off load the burden becoming the cash out option for people and you buy in at a way cheaper rate.

I fully agree about this the most that are been used are ponzi's soon or later its just so bad and you cannot do anything about it.
A lot of people lost a lot of money because of them..

Cloud miners does have a really bad reputation in this forum and we all probably know why, and that's because most of them are just ponzis, just like that cloud mining site that just went down CLDmine.

What I don't understand is so many people do ask this question time and time again. This section alone has over 20 threads about it.
The answer is and will stay the same. Cloud mining is hardly profitable. This means for both the customers and most cloud mining parties. Which is the reason they are leaving (running) away with customers money.

Exactly, at this moment its not even profitable compared to price appreciations. Investing your bitcoins into non-reputed miner, may cause losses. But holding your bitcoin can make you happy during these days as price is sky rocketing ! Good luck.

Ok, so here's the thing. I don't have all day to manage a mining rig, or even the technical knowledge to maintain it in the first place. I could invest my time (and a lot of money) in to starting my own rig, but it will be difficult to find the time outside my allready long working hours. In my perspective I have two options: buying/earn and holding BTC, and hope for the price to keep rising, or buy/earn and invest my BTC.

When buying/earning BTC and holding on to them, in hopes that the price will keep on rising (like the crazy price increase from 400 to 680$ over the last 14 days) is just as much a gamble of your money/time as investing them, since you are betting on the price increasing. Who know's if the price plummets to 1$ tomorrow (just an example)?
This is although the safest aspect of the two solutions, since fewer risk factors are pressent (practicaly speaking only the price of BTC), but your BTC amount won't passively increase and you are left with the amount of BTC you buy/earn, and nothing more.

When buying/earning BTC and investing, you are gambling on several risk factors, depending on your investment. this include everything from cloud mining, online gamling, buying and selling stocks/currency/anything of value, the list goes on each with its own wide variety of risks. The main goal for this aspect is to increase your buoght/earned BTC, which together with the price increase results in a bigger cash holding in the end of the day. This is possible, and practised by many, but I demands more activity from you, wether it being time used for gambling, monitoring mining pools or activiy on bitcointalk.org to earn BTC from signature campaigns.

Right know am I balancing a +42 hours work week together with claiming from faucets, investing in cloud mining (hashflare.io) and P2P lending services (btcjam.com) and a couple of other things. My current most profitable activity lies somewhere between faucet claiming and cloud mining, but I expect a future income from signature campaigns will take the cake, once I achieve the required activity to be accepted.

Good luck, and remember most importantly, have fun.

Yeag very good idea but seems you made wrong decision if your living in asian countries because mining for today is not profitable even if you have the latest mining hardware because electricy is even more expensive than your earnings for mining because the difficulty to get blocks is so hard to mine nowadays, but i think if you have solar panel equipements it can be helpfull on your hardware to save so you can earn good in that way.

Peoples are here Said enough about disadvantage of cloudmining and you already been aware of this. so I don't suppose to say anything else to keep you away from mining. any sensible person can think him self and decide what is right for him.
I just want to say that if you are still interested to invest then better to invest your money in trading or create a website. it may need some hard work, but it will surely give you some benefit . and In cloudmining you don't need to do anything but you can't get anything too.

and If you have enough budget then try actual mining.

You are right about this mostly they turn into ponzi's, I think that buying equipment is also not the solution because mining is not really profitable anymore these days.

that is very good idea. That is what I am doing. I bought some graphics card with the bitcoin and mine now.

If you have the money, don't buy online hashpower, buy equipment and set it up in your house, at least when you want to stop you can resell it, with cloudmining you will never see any profit.
Or if you really know trading, you can do trading with your money, it will be less risky than with cloudmining which are 99% ponzi scam.

yeah i agree bud because as we all know here cloudmining is totally called ponzi scheme they dont have strong proof that they have mining hardwares existing and they are using the name cloudmining to attract investor to invest in their site and scam them if they collected their target money and its not advisable to invest for so on it because halving threat is coming and surely it is threath to them as you can see cldmine turns scam for these month its because they get the money the want from there investors already.

Put them in hash nest and  hash ocean. just try the second one with caution and make 3 accounts then put 3 small amounts in each of them.
any one telling you not to cloud mining is because they are private miners(home miners) and it is in their profit if less people start mining.

If you are thinking to invest in cloud mining I can suggest you not to invest on cloud mining. As most of the cloud mining service are ponzi and you have high chance lose your all investment. I was the victim of cloud mining. Better setup your own mining.

Using CPU to mine Ether??? How is that going to work? It would take him 6 months to mine 1 single Ether. BS.

If you really want to mine online just buy a vps and start to choose install some ethereum, mining cpu or gpu in your vps..
than choosing cloud mining because for me they are all scammers..

i think it is not a good idea to try to invest on mining at this time we don't what will happen to some cloud mining services after the halving its better to hold your btc and wait until the btc price will go up . in my opinion dude there are no absolutely legit and trusted site whether if it's hyip or a cloud mining . they are controlling your money and the have always a chance to shutdown their site without any reason . and there's trusted site that will last for a lifetime and giving high roi . if you are afraid of those fake sites better to not invest .

Being a bit more precise - that the price of Bitcoin is growing, is very good for cloud mining services but only for the real ones. For Ponzi it is of course bad, becaause they have to pay more to early investors.
Anyway, even if the cloud is legit - as HashNest, in my opinion, it is better to wait for halving, because no one knows what gonna happen with price, and how will jump difficulty (release of S9)

just do don't do it mate , the good ones are ponzis and they may close at any time
and the legit ones don't even worth the try , you will need a lot of time just to make ROI and who knows even legit sites may close due to legal stuffs or whatever , so I wouldn't recommend any

Yeah its not very advisable to invest on this state knowing price of bitcoin ia so high for current price and surely many of them will turn scam and i will not really surprise if cloudmining sites will run away, and all we need to do and the best suggestion is to hold our btc in our pocket dont ever think on investing in cloudmining sites because surely you will be a member of cry babies when that site runs, just all we need is to hold and secure our funds.

The only good cloud mining site is the hashnest, which is operated by Bitmain. But with the halving coming, it is better to think carefully.

why do you need to invest in cloud mining why not invest in bitcoin and watched how the price will rise up, then after halving that's the perfect time to invest if there's really a legit cloud mining out there but right now it is not a good time mate, as many Ponzi site already showing out there.

This is not the best time to invest in mining. Even legit services are now very uncertain, due to the fact that nobody not know what will happen to the price of Bitcoin and mining difficulty after halving. I suggest you wait until halving will be done, and then make market research.

If you're going to cloud mine they go to Hashnest. It's ran and operated by Bitmain and they really will not scres you and your money and hashes will not disappear like the ponzi scams.

NO! Investing in those "cloud" mining is not a "bet" is not "gambling" it's like the game of three cards.
You know you're playing in a rigged game, and you can't do anything to avoid a loss!
Why? Because in a bet you can always "cover" your loss, or even there is nobody that try to scam you from the start (like a bookmakers / team).
So a ponzi is a ponzi is not gamling!

Investing on those cloudmining sites is like gambling. You don't know when they will make a run for it because this cloud mining sites are really not mining but they are just relying on new investments like those multi level networking company with no product, just pay-ins from new recruits, more recruits more money, same with cloudmining. They will collapse eventually.

The time that cloud mining was profitable is long gone. These days cloud mining can give 2 scenario's:
1 You lose a lot of money (if the company is there to scam)
2 You lose a little money (close to break even) if they are honest.

Just remember a cloud mining company is a middle man, who wants to earn too. On their priority list their income is more important then yours.

Don't get lured by all this cloud mining sites which make you greedy with 3% ROI per day but they will surely gonna run away after they collect enough and when they fial to attract new investors.

Setting up own rig for mining is only a pure mining practise.

I agree with you buddy investing in cloudmining for today is very not advisable since we all know here where the payouts came from and its totally scam, and the hint for these sites to be run is these upcoming halving surely others are starting to pack up and others are declared as scam like what just happen on cldmine so thats why we just avoid cloudmining these days it will only catch our money.

I think you're asking for a cloud mining service, if so I ask you not to invest in them because the chance you will lose is high. Just think about it, why would a company sell their hashpower to customers so they can have profit instead of just keeping the profit to themselves. If you really want one though, I recommend you check out Hashnest.

I am thinking of investing on mining. But I am afraid to choose a fake one or untrusted site. I want a site that woulds last long and give more roi. I believe mining is better than hyip so i believe its time to invest on mining this year.