which is the most legit cloud mining service? - page 2.

raskul

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Quote from: Testing123 on November 30, 2014, 09:42:14 AM

Quote from: grosminer on November 29, 2014, 07:47:12 PM

It's complicated to know which one is "THE" most legit

I just want to use one that is profitable for me.. legit or not i don't care Wink

Well if you use a non-legit cloud mining site, you may be able to get a good profit at first but the site could vanish at any moment. Wink

like the one in your sig is destined to do ?

Cheesy

Testing123

hero member

Activity: 561

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Quote from: grosminer on November 29, 2014, 07:47:12 PM

It's complicated to know which one is "THE" most legit

I just want to use one that is profitable for me.. legit or not i don't care Wink

Well if you use a non-legit cloud mining site, you may be able to get a good profit at first but the site could vanish at any moment. Wink

grosminer

hero member

Activity: 718

Merit: 500

It's complicated to know which one is "THE" most legit

I just want to use one that is profitable for me.. legit or not i don't care Wink

sl@ppy

member

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Merit: 10

I am new to this and have been reading a lot researching mining. It is pretty complicated and not an easy answer. People mention CEX and Gaw, they dump a lot into advertising, and there are strange things going on at the top level of both. Boasts and promises that only time will tell. Like any service, go with what makes sense to you. It will always get more expensive due to always getting harder to calculate.
As for why sell mining services instead of just doing it themselves, this is from hashprofit faq
'Our main mission is to develop cryptocurrencies market for all over the world. We're getting our profits anyway, using part of hashrate for needs of the service and with fees (20%) from our users' profits. Larger half used to develop our company further.'
It is one explanation.

BitcoinExchangeIndia.com

sr. member

Activity: 311

Merit: 264

Quote from: Thekool1s on November 28, 2014, 03:56:19 AM

Question is simple like which will not turn to scam or has very less chances for turning into scam?
I am new to mining can you also tell me what would a good and realistic Ghs/Btc rate would be?

If u go for a brand, which has public visibility, go for CEX.io

If u go for rate, try cloudmining.website

Johny Depp

full member

Activity: 211

Merit: 125

busting the bastards

Quote from: notlist3d on November 29, 2014, 02:07:38 PM

I'm more into hardware miners myself. My advice is if someone uses a referral code when talking about a service take the advice very carefully.

On most "legit" I prefer one that has shown pictures or something. A don't go into proving they are not ponzi.

Picture ?? ....LMAO Grin

They just caught bitcoincloudservices.com using 3D image to show hardware rack. The only thing that is acceptable is a in person video with location details. Anything below is a SCAM, just their levels are different.

notlist3d

legendary

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I'm more into hardware miners myself. My advice is if someone uses a referral code when talking about a service take the advice very carefully.

On most "legit" I prefer one that has shown pictures or something. A don't go into proving they are not ponzi.

LiteCoinGuy

legendary

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In Satoshi I Trust

Not gawminer i would guess...

https://bitcointalksearch.org/topic/stay-away-from-gawminerscom-paycoin-paybase-mineral-scam-875487

BitCoinDream

legendary

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The revolution will be digital

Quote from: M8 on November 29, 2014, 12:32:02 PM

What I don't understand about these cloud mining companies is why they don't just mine themselves instead of giving their profits away. That's why they look like ponzis because people think they don't even have any equipment and are just paying out of the money put in.

If I accept your logic, then no ASIC manufacturer should have shipped their product. They built and mined for themselves.

p.s. There is an initial cost for everything that needs to be covered. That is why businesses go to public.

M8

newbie

Activity: 57

Merit: 0

What I don't understand about these cloud mining companies is why they don't just mine themselves instead of giving their profits away. That's why they look like ponzis because people think they don't even have any equipment and are just paying out of the money put in.

BitCoinDream

legendary

Activity: 2394

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The revolution will be digital

Quote from: mezmerizer9 on November 29, 2014, 09:04:45 AM

Quote from: Thekool1s on November 28, 2014, 03:56:19 AM

Question is simple like which will not turn to scam or has very less chances for turning into scam?
I am new to mining can you also tell me what would a good and realistic Ghs/Btc rate would be?

The most legit would be IMO, CEX.IO but also the most expensive. You can also try pbmining or hashprofit (IT'S NOT A PONZI) but they have contracts where you can't sell you mining power for some time. I'd suggest you to stay away from cloud mining if you don't have some bigger investments to put in.

Also, check this site out http://www.bitfever.org/bitcoin-mining.html

How do u come to the conclusion that hashprofit is not a ponzi ? Moreover the bitfever list is very small and quiet incomplete.

Demille

member

Activity: 69

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I like Gaw miners. It's legit in the sense that you get paid but people have been complaining about them recently so there could be trouble in the future, but they're not one of these anonymous fly by night cloud companies.

mezmerizer9

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Activity: 782

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Quote from: Thekool1s on November 28, 2014, 03:56:19 AM

Question is simple like which will not turn to scam or has very less chances for turning into scam?
I am new to mining can you also tell me what would a good and realistic Ghs/Btc rate would be?

The most legit would be IMO, CEX.IO but also the most expensive. You can also try pbmining or hashprofit (IT'S NOT A PONZI) but they have contracts where you can't sell you mining power for some time. I'd suggest you to stay away from cloud mining if you don't have some bigger investments to put in.

Also, check this site out http://www.bitfever.org/bitcoin-mining.html

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: Thekool1s on November 28, 2014, 03:56:19 AM

Question is simple like which will not turn to scam or has very less chances for turning into scam?
I am new to mining can you also tell me what would a good and realistic Ghs/Btc rate would be?

U might like to check www.cmmonitor.com. They have invested themselves in multiple cloud mining operations to report about them. There are multiple sort criteria as well...

BY DATE | BY POPULARITY | BY NUMBER OF VIEWS | BY COMMENTS | ALPHABETICAL

raskul

sr. member

Activity: 434

Merit: 250

the only truly legit cloud mining operations are those which allow you to change pool.

even if the operator of the cloud you are buying into has hardware and runs a viable mining operation, it's still not a cloud service, it's just mining pool to which you pay to mine at (example KNC, etc).

real cloud mining should always be done p2p - nicehash is a good example of this, or betarigs, or leaserig.

i'd advise anyone thinking of investing in any kind of cloud mining think to yourself - do you really want to be limited to the single variance of the cloud operators pool?

anshar

sr. member

Activity: 350

Merit: 250

cex.io is the most common.

New ones include: cloudminr.io or cloudmining.website

shanem

legendary

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Cex.io is the best but you need to be careful of the price you bought in.
Cloud hashing is always downtrending due to the increase in difficulty. If the price is too high, you should wait for it to drop.

dbshck

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Crypto Swap Exchange

Quote from: trafficriderx on November 28, 2014, 06:02:58 AM

Quote from: dbshck on November 28, 2014, 04:01:39 AM

Check out this thread, might be very useful for you

https://bitcointalksearch.org/topic/cloudmining-101-860400 - Cloudmining 101

Don't look on that thread please! This is just opinion of one guy and he think that all Cloud mining services are scams..

Read this thread:

https://bitcointalksearch.org/topic/advice-for-new-users-regarding-cloud-mining-739510

He said at least 5 services are legit based on his criteria. And I think those criteria are valid to spot a ponzi scheme.

Code:

GAWminer              1+4+5+~7           => 4/7 = Possibly legit
genesis-mining        1+4+7              => 3/7 = Probably legit 
Megamine.com          1+4                => 2/7 = Probably legit 
Cex.io                4                  => 1/7 = Legit
KNCloud               7                  => 1/7 = Legit
Hashnest(*after merge)                   => 0/7 = Legit
AMhash                                   => 0/7 = Legit
Cryptx PETAmine                          => 0/7 = Legit

LOBSTER

hero member

Activity: 560

Merit: 500

https://cex.io/cloud-mining <--- one and only trustful service!

trafficriderx

newbie

Activity: 42

Merit: 0

Quote from: dbshck on November 28, 2014, 04:01:39 AM

Check out this thread, might be very useful for you

https://bitcointalksearch.org/topic/cloudmining-101-860400 - Cloudmining 101

Don't look on that thread please! This is just opinion of one guy and he think that all Cloud mining services are scams..

Read this thread:

https://bitcointalksearch.org/topic/advice-for-new-users-regarding-cloud-mining-739510

Topic: which is the most legit cloud mining service? - page 2. (Read 11240 times)