Bitcoin Forum

I heard that the cloud mining sites don't actually mine themselves. Are they all ponzi schemes?

Not all. The only one i can vouch for remotely is Hashnest, since its Bitmain's. But i would steer well clear of anything that has not proved itself to be trustworthy. Its not because it pays that its legit.

Would Genenis-Mining be legit or another scam?

Seem like one of the Legit rip off ones;
https://bitcointalk.org/index.php?action=trust;u=247140

https://bitcointalk.org/index.php?topic=467587.0

TLDR: You wont profit or only profit marginally.

The problem is using a hosted service, you pay 8-10cents per kWh of hosting which is too much imo.

Not all, but some. A few I trust are Hashnet and BIT-X. These are the ones that have been vouched for and have a big community and reputation.

Don't even mention scrypt.cc xD (SCAM)

Most of them turned out to be a scam over the years , Bit-x is one of the legit ones though and I personally wouldn't cloud mine because you probably won't be making any profit or too low at least not on the short term .

almost all of them are ponzis. there are some less shady, but they never give you ROI. it's best to stay away from them in my opinion.

no not at all but i can say its 99% of their were ponzis :D there's still a few left that was legit, so far, based on reviews, I only know two. Bit-x and hashnest, feel free to make some research about those said services and make your own judgement.

i use hashnest and i think they are not ponzi
but in my opinion, other all cloud mining systems are ponzi..

Not every cloud mining site is a ponzi.Some are HYIP'S and some are sheer scams.There are a few trusted cloud mines though like the one here on the forum http://www.cloudmining.website/.There sig campaigns is been running since Jan 2015 so I'm guessing they're legit and safe to invest.More information could be found out on their official thread.

Lol, great new criteria for establishing legitimacy of a cloud miner: how long has their sig campaign been running?
 :D

A way of analyzing cloud miners and their ponzi potential is outlined in this old thread which you might find useful. Funnily enough, its credibility is questioned mainly by the shills for that thing you describe as "trusted".

https://bitcointalk.org/index.php?topic=878387.0

There is also a third party mining monitor, cmmonitor.com, which has reported to make ROI in ~114 days. Various reports in the forum indicates that there are large number of satisfied customers of www.CloudMining.website, though a few shill always try to distort the truth. Following screenshot is from cmmonitor.com, which depicts the truth...

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

And, as if by magic..........
 :D


Let's see...there's you, and you and you, and we mustn't forget you.

I dint post first. You did. I just post proofs to make people aware of the lies you and your co-FUDers are spreading.

Unfortunately, people do not tend to report profit. General public only love to FUD. But, when CMW did some delay in payment this week, those profit makers came out of the woods. Here is a statement from one such guy...

Would that be the same elrippo as this one?

Cloudmining.website is definitely a scam, right?

I had a bad experience with cloud mining as I tried scrypt.cc and it was totally scam.
So I think that mining sites does not have any proof that they are mining for real

personally, i dont know any legit mining company, so i would say 95% are SCAMS

I heard that cex.io is legit but no one profits... Everyone goes into a loss.

Yes. I was last year on cex.io and had 3 GHS. I made a profit of 0.002 BTC in three months or so.

Today is hard to find a legit mining site. I use Hashnest, Genesis-Mining, Hashflare and Eobot.
The legitime cloudmining is for me Hashnest because they are affiliated with Bitmain. Bitmain sell the popular Antminer.
The ROI on Hashnest is good, you can see the stats on Nextdifficulty (http://nextdifficulty.com/).

Well, last year were many cloudmining that is now already collapsed. So I would choose a cloud mining site who is more than 2 years active.

Cheers
Salmen

LMFAO! Hahahahahaaaaa, I just checked how desperate you are to get new suckers and your current price of 0.0008 per GH is almost TEN TIMES CHEAPER* than the going rate for real hashrate, you know, not the made up shit you're selling.

*Source: nicehash.com SHA256 live rate per GH



P.S. Newbies, cmmonitor is likely run by the same criminal group behind a number of ponzi-scamming fraudulent 'cloud mining' operations it 'independently monitors' read: Promotes.

The US government is proscuteing a clouding mining company at the moment, accusing it as Ponzi scheme.

Certainly not...
if it were so my cloudmining site would be a ponzi.

Ok my cloudmining site is only 33.33% a cloudmining site...

Most of cloudmining site are ponzi because they are nor enough courageous to tell the truth.
I say the truth about my cloudmining and so it is not very attractive.

Often sites managers give more dividends or "profit" that the incomes...
So soon or late we have the same effects than ponzi effects...

it is why i prefer the truth.

The big majority of the cloud mining service are indeed either Ponzi schemes or total Scams. If you are looking to buy some GHS you might as well buy them at Hashnest.

Not all, they all start as a normal legit company but by the time they start delaying the payment and become "retiring" from this business and i can call them as ponzi site.

Starting as a "normal legit" (Paying) company is exactly what a Ponzi is, tho they pay the new customers with the previous customer's money. When it become unsustainable they suck all they can and run. *Cough*Garza*Cough*

The Bitmain's cloud mining company is not s Ponzi. It is a manufacturer of miners and it has a very big mining pool.

As my experience all of them are scam i have been invest many times but didnt get any ROI or profit
after invest in few you day or a months depends on interest they scam in the end..
So its better to stay holding your bitcoin until price is high..

Same as me, have invested bitcoin in several cloud mining service like pbmining, cloudminr, Hashprofit, zenminer and many more. They are ponzi behind cloud mining service.
I have very bad experience on investing bitcoin to cloud mining service, so I suggest people to don't trust any cloud mining now and NEVER.

I do not know my investors because I get only the BTC address...
but it seems that you have never invested in my U2cloudmining system...because my investors have so far never talked about so you do.

You do not help people because you believe that all people are looser like you...
no it is possible to earn with cloudmining...and if I say so it is because i know it.

Ok...you can fall on many scammers...

it is why..;i advice only my system because I know that i'm not a scammer (lol)

Thanks for your kind words and the advice. You did not help too but make it worst by offering me your lol service .
I can see you are a trusted member and not scammer , I can see it on your trust feedback. But no thanks, enough to cloud mining. Just warn people here to stay away.

I have just about to hit ROI with my DMD Diamond cloud mining investment of $1600. Not only I hit ROI but I also get paid in DMD which continue to stake.

Really nice option, I recommend it. The system works in a way where you get 5x increased payouts until you hit ROI. After you get your money back to invest into something else, you still get payouts but reduced ones. Unless you decide to reinvest. Really good stuff.

Here is a link, if anyone s interested and I ll be glad to help out if there are any questions. No, this is not referral link, I get nothing from this, I just like to help people out.

https://bit.diamonds/

The same thing can be said for you by some other scammer owning hundreds of such ponzi or fake cloud mining's and there is no proof to it unless the guy fucks the investors but until then he will be very trustworthy.Like you believe yourself.

Yes the same thing can be said...unfortunately...
But it does not matter...why should my U2cloudmining system be fake?
people invest in the system not in the miner...
If it were only the miner i would advise not intesting.
But here I advice investing in the system...
it is absolutly not the same.
And i have never said how much it is judicious to invest...
I let people analyse by them thelves...
They invest for free and then analyse if it is well to invest more per buying shares.
i propose now DEUR...they are I hope able to analyse if it is good or not to invest in DEUR or lose the DEUR.
Because My offer to invest in DEUR is interesting...
of course if they have better...it is normal that they chose better...

That is something debatable(most of the altcoins are just scams or simple pump and dump scheme) and you should have had a look here before you say that. 
https://bitcointalk.org/index.php?topic=1316950.0

you are perhaps right...
i propose just for people who have very few DEUR not enough Deur to be able to sell them because the huge 50000 satoshi fees.

DMD is a PoS coin. Cannot you just buy the DMD stake it yourself? Is that safer than trust a cloud mining site?

Some of them they disguise themselves us cloud mining site but actually they are ponzi scheme and they don't really have mining rigs liek what they claim,have been vicimized by these so called mining sites a lot of times,if they can provide their payout address and their actual location then they are ponzi scheme..

Of course they are all ponzi shemes and scams.
Stay away from cloudmining if you are not sure about the webmaster and the mining farm.

i am sure bit-x, genesis and hashnest are legit. about hashocean i am not sure, but they are paying almost 10 month without any problem, and i am hopping they will continue. if you will invest here, about 4 month you will get ROI and then profit

Bit-x stopped their cloudmining since last december.
Genesis mining - According to some of their customers they aren't getting ROI they ended up having negative profits because there contracts are short term
Dude, 4 months is impossible to have a ROI when mining BTC that 4mos was in the past when the difficulty isn't too high and the value of bitcoin is able to cover the electricty costs.


If the cloudmining guarantees an ROI of within a certain timeframe its likely to be a scam or ponzi.

iam using hashflare at the moment bought 80GH\s two days ago , and the results are awful actually i will ROI  in 1.9Years if the hash block difficulty stayed the same :( . i dont think i will ever profit , i was too hyped about it  but now i think is the best way to invest in btc is sell high , buy low , make profit

let's do the pro's


of course not...it would be known...

I have not seen any of the real cloud mining site myself so i will consider all of those sites claiming as cloud mining as ponzi.

I have not seen Roma...so I will consider that Roma does not exist...and if you you have seen Roma I will consider that you tell not the truth (lol)

well if you haven't seen one yet, i think you have to look on hashnest, it was so far the legit cloud mining site

They are all scams because it doesn't make sense to run a legitimate one.

If the miners will generate more coins over the period of the contract than they are charging you, they are throwing money away by giving it to you.

If the miners will not generate more coins over the period of the contract than they are charging you, they would be throwing money away by buying miners and paying to run them. They can just take your x coins, and slowly give you back less than x over time.

they all have a life time so when it start it can be real but you don't know when it will be a scam maybe 1 month or 2 years ;)

or perhaps 10 years or more?

and you all pessimist people here...when will you become scammers,
tomorrow?
in a month or 2 years?
or in 10 years?
who knows?

My advice:
Do not talk about things you do not know about...

Why can you "bigre de bigre" (lol) not say almost all will be scam soon or late but the rest will stay honnest (lol)
is it so hard to admit that you are wrong when you talk about "all"?

Are you "all" (lol) scammers here?
No absolutly no...
Only almost "all" (lol)