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Other => Beginners & Help => Topic started by: virtualx on June 07, 2015, 10:35:51 AM



Title: Experience with cloud mining
Post by: virtualx on June 07, 2015, 10:35:51 AM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?


Title: Re: Experience with cloud mining
Post by: Professor Plums on June 07, 2015, 10:40:19 AM
It's a waste of time from what I gather. Profit seems to be minimal and there's lots of scams out there. Most are just clever;y hidden ponzi schemes. I personally don't think it's worth the risk for such a small roi (if you get one at all). Just keep your bitcoins as an investment instead.


Title: Re: Experience with cloud mining
Post by: RappelzReborn on June 07, 2015, 10:41:45 AM
It's total trash and you will be just wasting your time by doing Cloud Mining . also most of the companies are fake and not really running miners instead of you (that's what cloud mining is about).
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalk.org/index.php?topic=1080236.0 .


Title: Re: Experience with cloud mining
Post by: waterpile on June 07, 2015, 11:41:39 AM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

I invested $200 in GAW ponzi cloud mining and was able to withdraw $5 only, I thought they were legit but only to find out that the owner is a thief and a big fat liar. Bit-x seems to be a promising company for me but better invest what you can afford coz alot of cloud mining are actually hidden ponzi scheme


Title: Re: Experience with cloud mining
Post by: tiggytomb on June 07, 2015, 11:44:48 AM
It's total trash and you will be just wasting your time by doing Cloud Mining . also most of the companies are fake and not really running miners instead of you (that's what cloud mining is about).
I asked the same question couple of days ago and here are the answers I got , maybe they will help you out : https://bitcointalk.org/index.php?topic=1080236.0 .

I totally agree, I have been burned twice and have learned my lesson.  Most are fake ponzi schemes you are better off holding your btc or dabble a bit with altcoins, these are also risky but you will at least be in control.  You can also make a buck or two in the gambling section.


Title: Re: Experience with cloud mining
Post by: superresistant on June 07, 2015, 12:07:45 PM
 
If you believe that cloud mining companies would take so much risk just to give you their profit you are totally naive and not ready for the crypto world.

Losing all your savings may teach you something and give you some experience.

Good luck.


Title: Re: Experience with cloud mining
Post by: newflesh on June 07, 2015, 12:09:30 PM
I've yet to hear much positive news about cloud mining so I'd do some serious research before even thinking about investing your btc.



Ponzi's that have already collapsed as predicted:

Code:
PBmining.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
Lunaminer.com         1+2+3+4+5+6+7      => 7/7 = Ponzi
coinsoncloud.eu       1+2+3+4+5+6+7      => 7/7 = Ponzi
Cryptomine.io         1+2+3+4+5+6+7      => 7/7 = Ponzi
hashie.co ("gen1")    1+2+3+4+5+6        => 6/7 = Ponzi
bitcoinlabmining.com  1+2+3+4+5+6+7      => 7/7 = Ponzi
ltcgear               1+3+4+5+6          => 5/7 = (very) suspicious
hashprofit.com        1+2+3+4+5          => 5/7 = (very) suspicious
minethatcloud.com     1+2+3+4+5+6+7      => 7/7 = Ponzi
CoIntellect.com       1+2+5+6+7          => 5/7 = (very) suspicious
terabox.me            1+2+3*+4+5+6+7*    => 6/7 = Ponzi (pictures are not convincing to me for now, exit strategy involves  60+ days stall tactic)
chabatmining.com      1+2+3+5+6+7        => 6/7 = Ponzi
Ecrypto.co.in         1+2+3+4+6+7        => 6/7 = Ponzi (+ confirmed scam, they are no partners of cex.io)
GenerateBTC.com       1+2+3+4+5+6+7      => 7/7 = Ponz

Likely Ponzi scams that have yet to collapse:
Code:
cloudminr.io          1+2+3+4+5+6+7      => 7/7 = Ponzi 
cloudmining.website   1+2+3+4+5+6+7      => 7/7 = Ponzi
Skycoinlab.com        1+2+3+4+5+6+7      => 7/7 = Ponzi (+ organized by serial ponzi scammer: ?topic=583177.msg10298730)
btcslice.com          1+2+3+4+5+6+7      => 7/7 = Ponzi (+ pays out in reversible paypal ?)
grmining.com          1+2+3+4+5+6+7      => 7/7 = Ponzi
bitcoinmaker.ch       1+2+3+4+6+7+8      => 7/7 = Ponzi
eobot.com             1+2+3+5+6+7        => 6/7 = Ponzi (+ possible malware/wallet stealing software)
hashwar.co            1+2+3+4+6+7        => 6/7 = Ponzi
bitrush.com           1+2+3+4+6+7        => 6/7 = Ponzi
Code:
nexusmining.com       1+2*+3+4+5+7       => 6/7 = Ponzi (Guy from Spondoolies says im wrong, but I cant score what I havent seen and he seems to confirm they have no hardware)
minerslab.com         1+2+3+4+6+7        => 6/7 = Ponzi (+ selling hardware that doesnt exist + using purchased "legendary" account)
bitcoincloudservices  1+2+4+5+6*+7       => 6/7 = Ponzi (+ founded by known scammer  https://bitcointalk.org/index.php?topic=860400.msg9638868#msg9638868)
scrypt.cc             1+2+3+4+5+6        => 6/7 = Ponzi (preliminary assessment)
Kryptologika          1+2+3+4+*          => */7 = Ponzi -> passthrough of AMhash which is defunct. Currently operating as fractional reserve/ponzi.
hashcoins.com         ~1+2+3+4+7         => 5/7 = (very) suspicious (user selectable pool requires fee, dc pictures show no miners, linkedin profile doctored, hardware sales very dubious,..)
Zeushash              1+2+3+4+5          => 5/7 = (very) suspicious

Rest:
Code:
Cryptsy MN            1+2+3+4            => 4/7 = Possibly/partially legit ( + no details on fee structure)
cloudmining.sg        1+2+4+7            => 4/7 = Possibly/partially legit
genesis-mining        1+4+7              => 3/7 = Probably legit (risk of fractional reserve mining)
Megamine.com          1+4                => 2/7 = Probably legit
Bit-x.com             1+4                => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)
pow88.com             1+2                => 2/7 = Probably legit (preliminary assessment)
KNCcloud              7                  => 1/7 = Legit (but as hardware vendor, they broke their promise not to selfmine with more than 5% of customers hashrate )
Hashnest (umisoo)                        => 0/7 = Legit

Obsolete or suspended:
Code:
AMhash                                   => 0/7 = Legit (if you buy directly) / divs momentarily (?) suspended 
Cex.io                4                  => 1/7 = Legit
Cryptx PETAmine                          => 0/7 = Legit
GAWminers             1+4+5+~7           => 4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field


Have a thorough read of puppets thread: https://bitcointalk.org/index.php?topic=878387.0

You might want to check out the scam accusations board for more detailed info on cloudmining ponzis.


Title: Re: Experience with cloud mining
Post by: Xialla on June 07, 2015, 12:33:41 PM
What is your experience with cloud mining? Did you make profit?

please forget about cloud "mining" and mining generally - buy some BTC a hodl.)


Title: Re: Experience with cloud mining
Post by: baristor on June 07, 2015, 12:43:22 PM
It all depends on how much money u are willing to invest and if u are willing to take the big leap of faith

I have myself 1.4 btc invested returns around 1 btc so far,

Cant complain but is it still a risky business all depends on where you invest your dough


Title: Re: Experience with cloud mining
Post by: Rude Boy on June 07, 2015, 12:49:52 PM
Of course, as above posts cloud mining is just waste of time and also your money. I was bought 20GH/s at grmining.com still i didn't even get ROI. Before they gives daily automated payouts, then weekly. Now i didn't even get any payouts for the last few weeks (may be they changed the payout period to months from weeks, i think).


~Rude Boy


Title: Re: Experience with cloud mining
Post by: jacktheking on June 07, 2015, 12:54:38 PM
What is your experience with cloud mining?

Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.

Did you make profit?

No. Profit seem way too long ahead.. :/.


Title: Re: Experience with cloud mining
Post by: Vitamin King on June 07, 2015, 01:13:21 PM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

Six months back I asked the same question to the forum members before investing my money into www.CloudMining.website (ref: https://bitcointalk.org/index.php?topic=852857.0). Most of the people warned me that it is a probable ponzi, but still I took the risk. Today, I'm sitting on profit as the site gave me ROI in around 125 days. Though, a third party cloud mining monitor reported to make ROI with thm in around 114 days...

http://www.anony.ws/i/2015/03/02/cmmonitor1.png

Source: www.cmmonitor.com/24-cloudmining-website.html

What is your experience with cloud mining?

Bad? Not sure. I dont care about my cloud mining account anymore. I forgot my CEX.IO password. And I rarely log into ZeusHash account.

Did you make profit?

No. Profit seem way too long ahead.. :/.

That is what has happened to all those so called legit mining services, e.g. KNC cloud, CEX.io, AM hash. They created a legitimacy baloon and then was either shut down showing unprofitability or vanished in the thin air. Now, I am more prone to believe that operating a profitable cloud mining operation is impossible in 100% legitimate way.


Title: Re: Experience with cloud mining
Post by: Bitdonator on June 07, 2015, 01:37:13 PM
I tried mining on CCex early this year....
but I only loose my coins slowly because maintenance fees.

be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.

If you want to cloud mine try Bit-X or Mintsy


Title: Re: Experience with cloud mining
Post by: subSTRATA on June 07, 2015, 02:30:44 PM
I tried mining on CCex early this year....
but I only loose my coins slowly because maintenance fees.

be careful with new cloud mining websites,
because most of them is only scam, and disapear after some time.

If you want to cloud mine try Bit-X or Mintsy


CEX had the highest maintenance fees of any site iirc, bit-x is legitimate though, and I believe scrypt.cc is as well, theyve been around a long time. Also CEX stopped mining as it is no longer profitable, its only an exchange now.


Title: Re: Experience with cloud mining
Post by: cakir on June 07, 2015, 02:41:56 PM
My experiences;
When I started bitcoin there were cex.io I bought 1 ghs @7mbtc and it was total waste of bitcoins (I was buying them from faucet income etc).

Then prices went down dramatically.

After that I bought some hash from Umisoo hashnest. After 2.5 months I sold my hash on market and total mined & sold HR gave me %38 profit.

Then I figured out something. Hashnest market was moving parallel to bitcoin price. Then I started to follow the market. When bitcoin's price dropped I bought HR on Hashnest (generally Umisoo @10-15k sats)  When bitcoin price went up I sold them at least @20k sats each. (Basically HR trading + really low mining revenue).


Title: Re: Experience with cloud mining
Post by: virtualx on June 07, 2015, 04:07:54 PM
IM just new in bitcoin. So, can I ask If this cloud mining is good to earn bitcoins? or can anyone tell me hhow can I earn more bitcoins? thanks in advance.

From the replies I figured that 99% of the cloud miners are scammers and it's not profitable. To get bitcoins have a look at the services section, people pay you for doing some things like sig campaigns.


Title: Re: Experience with cloud mining
Post by: Amph on June 07, 2015, 05:27:39 PM
i've only tried the free trial of some of them, like cloudminr.io, and they are already scamming by reducing the payment of some %, i don't if that is bad luck or what but it looks like it isn't


Title: Re: Experience with cloud mining
Post by: melody82 on June 07, 2015, 07:03:13 PM
Hashnest is legit and has a really good return.  I don't understand why some people say the return is low.  I bought in when btc=dollar was ~240.  Has is mor eexpensive now but when I bought in the return was about 3% in 10 days.  If you got those kinds of returns on wal street you would be a legend.  A cd account right now pays 1-2% a year!  Its true that many cloud mining sites appear to be ponzies.  That does not have to mean that they are all bad though.


Title: Re: Experience with cloud mining
Post by: Brewins on June 07, 2015, 07:07:21 PM
No way that cloud mining can be profitable at such small prices. They either are scam or are unfari(they will reduce your earnings after some time).

I prefer gambling, at least I have some chance of winning


Title: Re: Experience with cloud mining
Post by: ikydesu on June 07, 2015, 07:38:00 PM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

Never get ROI.
Being scammed.
Being collapsed.
Worthless.
and now im not invest in cloud mining anymore, although you can find a legit cloud mining here: https://bitcointalk.org/index.php?topic=878387.0


~iki


Title: Re: Experience with cloud mining
Post by: tmfp on June 07, 2015, 07:54:18 PM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

Never get ROI.
Being scammed.
Being collapsed.
Worthless.
and now im not invest in cloud mining anymore

But you don't mind taking money promoting the latest one in your sig.
Oh wait, Cloudthink...? They're the cloud miner that doesn't cloud mine, and that's according to them..... ::)


Title: Re: Experience with cloud mining
Post by: iram91445 on June 07, 2015, 09:38:14 PM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

Never get ROI.
Being scammed.
Being collapsed.
Worthless.
and now im not invest in cloud mining anymore

But you don't mind taking money promoting the latest one in your sig.
Oh wait, Cloudthink...? They're the cloud miner that doesn't cloud mine, and that's according to them..... ::)
well i guess its not a secret that people advertise sites only because of payment, though i dont think it cant be profitable


Title: Re: Experience with cloud mining
Post by: TriggerX on June 07, 2015, 10:07:29 PM
I've had experience with Cex.io, it's still up which is good but didn't manage to receive my ROI.
I then tried cloud zenminer which after awhile, my account mysteriously got locked and am unable to access it. (Had around 0.1BTC worth of miners at that time)
Then I tried scrypt.cc in which once I deposited 0.1BTC in my account, the password changed and I was unable to access it too.

I would recommend bit-x though. I tried it for a small period and it does pay. While there is a long ROI, it still pays out and is one of the most legit cloud services out there.


Title: Re: Experience with cloud mining
Post by: BlackMachine on June 08, 2015, 08:53:08 AM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what AsicMiner did.


Title: Re: Experience with cloud mining
Post by: Amph on June 08, 2015, 09:52:24 AM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

this is why you start with a little amount, and then reinvest only your profit and nothing else, it may be a even more long route to follow, but it is also far safer

and the truth is that for now, every investments is 100% more dangerous, because there a little money to be made anywhere, and this lead to more scammers


Title: Re: Experience with cloud mining
Post by: BlackMachine on June 08, 2015, 10:13:59 AM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

this is why you start with a little amount, and then reinvest only your profit and nothing else, it may be a even more long route to follow, but it is also far safer

and the truth is that for now, every investments is 100% more dangerous, because there a little money to be made anywhere, and this lead to more scammers
it is safe to a extent. since you are reinvesting your profit, you would probably be losing lots of time by waiting and if the cloudmining company runs away. the best way is to invest what you can afford to lose and stop once you gain profit.


Title: Re: Experience with cloud mining
Post by: waterpile on June 08, 2015, 01:35:22 PM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

this is why you start with a little amount, and then reinvest only your profit and nothing else, it may be a even more long route to follow, but it is also far safer

and the truth is that for now, every investments is 100% more dangerous, because there a little money to be made anywhere, and this lead to more scammers

It would be really pointless if starting with a low amount most especially for cloudmining.. you wouldn't even earn a cent if you invest a small amount. When it comes to investment better be prepared to lose it if it goes bad..


Title: Re: Experience with cloud mining
Post by: HeroCat on June 08, 2015, 02:08:40 PM
There are many scam sites in BTC cloud mining. You never do not know, if you return your BTC back.  ;D


Title: Re: Experience with cloud mining
Post by: --Encrypted-- on June 08, 2015, 02:13:21 PM
my last experience with cloud mining was with GAW's hashlets, at first it was VERY good, then things changed (price went down, payout went down a LOT, etc.).


Title: Re: Experience with cloud mining
Post by: Amph on June 08, 2015, 02:42:58 PM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

this is why you start with a little amount, and then reinvest only your profit and nothing else, it may be a even more long route to follow, but it is also far safer

and the truth is that for now, every investments is 100% more dangerous, because there a little money to be made anywhere, and this lead to more scammers

It would be really pointless if starting with a low amount most especially for cloudmining.. you wouldn't even earn a cent if you invest a small amount. When it comes to investment better be prepared to lose it if it goes bad..

you will reduce the risk at least, and when you reach roi you can reinvest bigger without risking anything, if you want to avoid losing money, otherwise if you can really find a trustable cloud go big for it

there are no other things you can really do  when dealing with cloud


Title: Re: Experience with cloud mining
Post by: Nahl on June 08, 2015, 02:49:23 PM
i have very bad experience with cloudmining everytime i invest the site always be scam before ROI they always runaway with my money
for now enough for me im very tired with that situation and no more invest in the cloudmining site


Title: Re: Experience with cloud mining
Post by: jeannemadrigal2 on June 08, 2015, 08:12:06 PM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

Wait, do you mean Bitmain's cloud mining service or a different one.  I never heard of Bitmain ripping of anyone, so please explain if you can.  Thanks!


Title: Re: Experience with cloud mining
Post by: randy8777 on June 08, 2015, 09:39:41 PM
i have very bad experience with cloudmining everytime i invest the site always be scam before ROI they always runaway with my money
for now enough for me im very tired with that situation and no more invest in the cloudmining site

it's way too easy for people to create a nice looking site and say you can buy contracts with amazing returns, bla bla bla. people should just think before investing in crap. cloud mining sites that offer great returns is a direct red flag.


Title: Re: Experience with cloud mining
Post by: sdmathis on June 09, 2015, 12:07:15 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.


Title: Re: Experience with cloud mining
Post by: melody82 on June 09, 2015, 02:57:15 PM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.


Title: Re: Experience with cloud mining
Post by: ronaldo40 on June 09, 2015, 06:23:00 PM
My experience was when play cloud mining quite profitable, I used to play on cex.io, pbmining and eobot. My most favorite cex.io.
but for now it's better you forget to play cloud mining because you will never profit.


Title: Re: Experience with cloud mining
Post by: Xialla on June 09, 2015, 06:54:53 PM
We offer much more than regular cloud mining contracts. Please visit: https://cloudthink.io/invest/

you still don't have ANN thread, even your "CEO" promised to create one...right?

A topic will be opened where you can discuss about general information about CloudThink.IO and the recent public parent company, Cloud Think Mining Ltd.

...and there is accusations running vs your "company" right?

https://bitcointalk.org/index.php?topic=1074272.0

ahh, you are scam, right?  ::) ::) ::)


Title: Re: Experience with cloud mining
Post by: sdmathis on June 09, 2015, 09:30:37 PM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.


Title: Re: Experience with cloud mining
Post by: notlist3d on June 10, 2015, 12:02:01 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.

Hashnest is legit.  One of the few I trust personally.  Part of the Bitmain family.

It's over here: https://www.hashnest.com/ 


Title: Re: Experience with cloud mining
Post by: steven.G999 on June 10, 2015, 03:17:04 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.

Hashnest is legit.  One of the few I trust personally.  Part of the Bitmain family.

It's over here: https://www.hashnest.com/ 
whether until now hashnet still legit? whether this mining cloud do not use the system ponzi?
I want to try if it was really nice  :)


Title: Re: Experience with cloud mining
Post by: hasiramasenju on June 10, 2015, 03:57:33 AM
for the cloudmining site i only care about free GHS and never interested to invest in there
because so many negative opinion about cloudmining it make me think twice to invest in cloudmining site


Title: Re: Experience with cloud mining
Post by: Amph on June 10, 2015, 06:07:36 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.

Hashnest is legit.  One of the few I trust personally.  Part of the Bitmain family.

It's over here: https://www.hashnest.com/ 
whether until now hashnet still legit? whether this mining cloud do not use the system ponzi?
I want to try if it was really nice  :)

thye are legit along with bit-x, they are the only two legit at the moment, but maybe there some small other that are paying as well


Title: Re: Experience with cloud mining
Post by: DevOfDev on June 10, 2015, 06:12:11 AM
I wonder about this and I've been active on the forum for a long time, but I think it's a beginner question.
What is your experience with cloud mining? Did you make profit?

Yea i make profit from Bitcoin Cloudservice (4BTC) but i Lose more in Cointellect (2BTC)
that iam still won and get profit


Title: Re: Experience with cloud mining
Post by: steven.G999 on June 10, 2015, 06:55:48 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.

Hashnest is legit.  One of the few I trust personally.  Part of the Bitmain family.

It's over here: https://www.hashnest.com/ 
whether until now hashnet still legit? whether this mining cloud do not use the system ponzi?
I want to try if it was really nice  :)

thye are legit along with bit-x, they are the only two legit at the moment, but maybe there some small other that are paying as well
ahh for bit-x seemed I believe they are legit, because they have a nice community here


Title: Re: Experience with cloud mining
Post by: notlist3d on June 10, 2015, 07:56:45 AM
I got in early with PBMining, but never quite broke even. I did come closed than most however, because I got in early. I was one of the lucky ones. People told me that it was a ponzi, but I wouldn't listen. I argued and argued. Got mad at people for calling it a ponzi, but guess what. I was wrong. Where is PBMining now?

Be very careful with cloud mining. There may be some honest ones out there ( I haven't found them though ), but most of them are nothing more than Ponzi schemes and are waiting to take your money while leaving you holding the bag.

What about hashnest?  They seem legit to me.

I don't know about hashnest. I'm sure that there has to be a legitimate cloudmining company out there somewhere. Maybe they're the one. I do know that all the ones that I have experience aren't.

Hashnest is legit.  One of the few I trust personally.  Part of the Bitmain family.

It's over here: https://www.hashnest.com/  
whether until now hashnet still legit? whether this mining cloud do not use the system ponzi?
I want to try if it was really nice  :)

thye are legit along with bit-x, they are the only two legit at the moment, but maybe there some small other that are paying as well
ahh for bit-x seemed I believe they are legit, because they have a nice community here

There are a few things you can ask to sort out most ponzi from real cloud mining.  Sadly there is a lot of ponzi stuff out there.

First this sounds stupid but it is very true, does the return sound to good to be true?  In this I consider ones that throw free hash at people, brag about to good to be true ROI, etc.   A lot can be stopped here with this.

Second ask what is powering their cloud?   A lot of the ponzi sites simply do not have the equipment.   They can easily simulate it showing hash that just is not there.  If they are legit they are happy to at least tell what kind of machines are powering it.


Title: Re: Experience with cloud mining
Post by: BlackMachine on June 10, 2015, 02:13:11 PM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

Wait, do you mean Bitmain's cloud mining service or a different one.  I never heard of Bitmain ripping of anyone, so please explain if you can.  Thanks!
Sorry, I meant ASICMiner. I kept on confusing AM with antminer. https://bitcointalk.org/index.php?topic=974058.0


Title: Re: Experience with cloud mining
Post by: hasiramasenju on June 10, 2015, 02:52:26 PM
i have experience in cloud mining service in the past year, m:(ost of them are not in good experience
I bought number of GHS on c-cex and figure out this service won't give me profit, so I trade those GHS and leave that cloud mining.

After that, i find out PBmining give me good rate of GHS and decide to buy some GHS.
I learn about how PBmining works and find out this service is most likely a Ponzi scheme, not real cloud mining. So i decide to sell my account to someone in this forum and leaving cloud mining world.
Now we can see PBmining is scam and i'm happy with my decision :)

i think you are very lucky bro you can sell you account in PBmining before this site scam that mean you still get you money back
because lot of people lost they money when PBmining scam and nobody can ROI from this site...you made right decision


Title: Re: Experience with cloud mining
Post by: randy8777 on June 11, 2015, 12:32:41 AM
i have experience in cloud mining service in the past year, m:(ost of them are not in good experience
I bought number of GHS on c-cex and figure out this service won't give me profit, so I trade those GHS and leave that cloud mining.

After that, i find out PBmining give me good rate of GHS and decide to buy some GHS.
I learn about how PBmining works and find out this service is most likely a Ponzi scheme, not real cloud mining. So i decide to sell my account to someone in this forum and leaving cloud mining world.
Now we can see PBmining is scam and i'm happy with my decision :)

i think you are very lucky bro you can sell you account in PBmining before this site scam that mean you still get you money back
because lot of people lost they money when PBmining scam and nobody can ROI from this site...you made right decision


just thinking before buying fake ghs contracts would simply be enough. never invest when they promise great returns. just avoid them.


Title: Re: Experience with cloud mining
Post by: notlist3d on June 11, 2015, 12:53:50 AM
Cloudmining companies are either a ponzi scheme or are never going to ROI. Even though some of the companies may appear to be trusted, they still hold on to your money and can run at anytime. Just like what ANTminer did.

Wait, do you mean Bitmain's cloud mining service or a different one.  I never heard of Bitmain ripping of anyone, so please explain if you can.  Thanks!
Sorry, I meant ASICMiner. I kept on confusing AM with antminer. https://bitcointalk.org/index.php?topic=974058.0

That would make a big difference.  ASICMiner is a sad story at this point.

But Bitmain is very much a great cloud platform through hashnest.


Title: Re: Experience with cloud mining
Post by: bitllionaire on June 11, 2015, 03:01:40 AM
My experience is that cloud mining is a waste of time and money, you won't get any profit from mining anymore in any way


Title: Re: Experience with cloud mining
Post by: BlackMachine on June 11, 2015, 04:09:39 AM
i have experience in cloud mining service in the past year, m:(ost of them are not in good experience
I bought number of GHS on c-cex and figure out this service won't give me profit, so I trade those GHS and leave that cloud mining.

After that, i find out PBmining give me good rate of GHS and decide to buy some GHS.
I learn about how PBmining works and find out this service is most likely a Ponzi scheme, not real cloud mining. So i decide to sell my account to someone in this forum and leaving cloud mining world.
Now we can see PBmining is scam and i'm happy with my decision :)

i think you are very lucky bro you can sell you account in PBmining before this site scam that mean you still get you money back
because lot of people lost they money when PBmining scam and nobody can ROI from this site...you made right decision


just thinking before buying fake ghs contracts would simply be enough. never invest when they promise great returns. just avoid them.
It's hard to differentiate between real contracts and fake ones. Some does really have real mining hardware but they can still run away with it. It isn't enough to base the legitimacy based on proofs.


Title: Re: Experience with cloud mining
Post by: notlist3d on June 11, 2015, 04:47:55 AM
i have experience in cloud mining service in the past year, m:(ost of them are not in good experience
I bought number of GHS on c-cex and figure out this service won't give me profit, so I trade those GHS and leave that cloud mining.

After that, i find out PBmining give me good rate of GHS and decide to buy some GHS.
I learn about how PBmining works and find out this service is most likely a Ponzi scheme, not real cloud mining. So i decide to sell my account to someone in this forum and leaving cloud mining world.
Now we can see PBmining is scam and i'm happy with my decision :)

i think you are very lucky bro you can sell you account in PBmining before this site scam that mean you still get you money back
because lot of people lost they money when PBmining scam and nobody can ROI from this site...you made right decision


just thinking before buying fake ghs contracts would simply be enough. never invest when they promise great returns. just avoid them.
It's hard to differentiate between real contracts and fake ones. Some does really have real mining hardware but they can still run away with it. It isn't enough to base the legitimacy based on proofs.

A bit thing is who they are affiliated with. For example hashnest = Bitmain.  That is very much legit.

These ponzi one's are very about bragging about amazing ROI and not the machines that are the backbones.     Just stick with well known ones with good affiliations.


Title: Re: Experience with cloud mining
Post by: melody82 on June 11, 2015, 05:51:30 AM
My experience is that cloud mining is a waste of time and money, you won't get any profit from mining anymore in any way

That's strange, I make quite a lot of profits fro hashnest.  Some people say their returns are low, but for me I am very happy with their service.  It is a reasonable amount of risk for a really good return.  The big risk now is if the new generation of mining equipment comes out and significantly increases difficulty.  But even then it will take a while to set all this stuff up.  It has to be bought, shipped and installed, so I should have plenty of time to decide if I want to keep my s5 hash or not.

However if you don't feel comfortable putting your money there then don't!  Good for you sticking to your convictions.  You never know, you might be the one laughing all the way to the bank in a few months while I cry over my lost coins.


Title: Re: Experience with cloud mining
Post by: Amph on June 11, 2015, 06:03:50 AM
My experience is that cloud mining is a waste of time and money, you won't get any profit from mining anymore in any way

i kind of agree, at this point investing in a ponzi and in cloud isn't much different, to much risk involved, and not because there aren't legit ponzi, but because mining is unsustainable for a casual guy that want to approach it, you need to invest a tons for earning a little profit, investing few cents will not do it


Title: Re: Experience with cloud mining
Post by: steven.G999 on June 11, 2015, 06:16:38 AM
i have experience in cloud mining service in the past year, m:(ost of them are not in good experience
I bought number of GHS on c-cex and figure out this service won't give me profit, so I trade those GHS and leave that cloud mining.

After that, i find out PBmining give me good rate of GHS and decide to buy some GHS.
I learn about how PBmining works and find out this service is most likely a Ponzi scheme, not real cloud mining. So i decide to sell my account to someone in this forum and leaving cloud mining world.
Now we can see PBmining is scam and i'm happy with my decision :)

i think you are very lucky bro you can sell you account in PBmining before this site scam that mean you still get you money back
because lot of people lost they money when PBmining scam and nobody can ROI from this site...you made right decision


indeed he was very lucky but what if the buyer asks for his money back because he losses not benefited but pbmining already scam hmm? :D