Bitcoin Forum

I'm thinking to start with some mining cloud...

But I want to start with low investments. I would like to pay with bitcoins.

Is there some reliable cloud mining provider this way?

What do you recommend?

This is a most important question, I would wonder if there is one which is realy Reliable and Cheap. So far I am not aware of any.

Hashnest PACMIC v3 contracts.

 IMO ignore anything else for cloud-related stuff.

Why would they rent the hardware to you if it would generate more coins than you are paying?

You should find a cloudmining with real mining activity.
you can check on my signature.

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Is this a real recommendation or are you just a seller?

I haven't seen any reliable cloud mining provider.  I would just say proceed with caution.  I am quite certain every cloud mining thing has just been a scam so far, lots of Bitcoins have been lost and hopefully that doesn't happen to you but make sure you do your research.  As someone else pointed out, why would a cloud mining company rent their own equipment to you and not make any money?  If it seems to good to be true, it usually is.

AFAIK, Hashnest is the only one not proven to be scam so far. Not sure about ROI, I don't cloudmine. Look what happened to scrypt.cc? No thanks you. :(

This was a good advice...

I'm almost giving up for mining.

The bitcoin world is worse each day... Each step needs to be made with high caution...

:T

I wouldn't do it.

there's not a single legit cloud miner out there nowadays. All of them are kind of shady or just plain ponzis.

I am not 100% sure of AFAIK and hastnet.  But what I do know is this:  If people are able to mine a lot of coins themselves, why on earth would they allow you to take their profit and not just do it themselves.  Thats like me hiring a worker for 20 dollars an hour to do everything I want, he is going to make me 50 dollars an hour.  Why on earth would I hire another guy for 10 dollars an hour, when I am still only going to make 50?  Poor example but you get the point.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.

I agree. It makes sense...

Well... I have some old computer which still turned on all the day. They work as a kind of server...

Is there some way to keep them mining?

I don't want lots of profit. Just some satoshis a day. The propose here is to help me to support my faucet balance. :)

https://bitcointalk.org/index.php?topic=878387.0
they're the one of legit cloudmining. Hashnest is legit too.

Since they are old, they probably won't be able to produce lots of hashrates. Turning them on would essentially yield you 0 profit as mining pools have relatively high payout threshold and it would take years and years for you to even withdraw. Since it is also being used as a server, the high heat could cause hardware degradation and potentially cause hardware failures.

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Hashnest is the potential legit one as they are backed by bitmain. Notice I used potential. Even with actual hashrates, the owner can still run away with the funds, look at friedcat, he was one of the more trusted people on Bitcointalk but now people are accusing him of scamming tens of thousands of dollars from his mining contract.
That's outdated, its last updated on 9 March 2015. See how they listed AMHash s legit? Yes, they scored the best and still turned out to be scam.

Translating in a few words: Don't mine. hehehe

Had someone the idea to make some game or application which uses its massive client's computer to mine like slaves?

Do you know some application working this way?

So why are you going to pay someone to give you back that amount of bitcoins over time? Just bite the bullet and buy some coins. It doesn't make sense to run a legitimate cloud mining operation. They will sell their hashpower for X BTC. If the miners will generate more than X BTC, they are throwing money away by renting the hashpower to you, they would just run the miners themselves. If the miners will generate less than X BTC, they are throwing money away by paying for the miners and the electricity needed to run them because they can just give you back part of your own coins.

Stop looking for people to give you free money, it's not going to happen.

Hashnest.... hrmm... 1th/s "contract" = .666btc or, @ 239USD/btc ~159USD for 120 days of alleged mining (or 130 days if it fails to "ROI" in the 120 days).

http://www.coinwarz.com/cryptocurrency (http://www.coinwarz.com/cryptocurrency)

Approx (as of this post) profitability of $0.60 per th/s, assuming 600W electric and 0.10USD/kW, per day.  Multiply by 120 and that leaves you with 72USD.  This is assuming no further decreases in value or increases in difficulty.  130 days will net you another 6USD.

In my opinion, the math doesn't add up.  You'll have more btc in your wallet if you just purchased it directly... in my opinion.

I am the most reliable Cloud Miner in the world. Just send me your BTC and over the length of the contract keep watching the sky. Guaranteed clouds. Sometimes the daily luck is better than others and you get a total overcast or even rain, and now and then there is a drought, but it all averages out. And Cheap? Well, how much BTC ya got? I bet I have a package designed for that exact amount. Make sure to keep your Cloud payouts set to "Auto re-invest" for maximum yield.  ;)

 *ROFLMAOSC*

 AFAIK isn't a clould provider As Far As I Know.

 Hashnest is Bitmain's cloud mining branch, it seems legit from everything I've seen and their PACMIC contracts work, just have to crunch the numbers and understand that there is ALWAYS a risk.

So...

None of you tried some cloud mining service yet?

Of course all your observations are correct. But comments based on proofs and experience are more reliable too.

Okay you want comments right?
Never invest in a cloudmining site and for those guys who advise to use hashnest, have a look at their recent payouts , they are paying out negative payouts , not scam but it is a risk investing there as well.
And as to
Tried it once when I was a newbie and I don't like to get scammed often.

https://lh3.googleusercontent.com/-kdwpYjBFc2Y/URIC9gyUj4I/AAAAAAAACmU/aZUxm7YSdYg/w640-h400-p-k/math%2Bfor%2Bdummies%2Bscam.jpg

Perhaps this is a better representation of my observation?

Ok guys.

Thank you.

 I give up of mining through clouds.

Your opinions were very usefull. :)

 Not on the PACMIC contracts.
 Possibly on some of the non-PACMIC cloud stuff, Hashnest IS in the process of shutting down some of their older gear/contracts due to unprofitability but I never messed with that side of Hashnest.