Bitcoin Forum

Hey guys. I have some money right now that I could invest into CloudMining. Although I could almost purchase another AntMiner S7, I think it's loud and hot enough in my basement already. Additional heat might not be too good, considering it's a pretty small basement.
Does anyone know any good and reliable CloudMining sites? Does anyone have any experience (good or bad) in Cloud Mining? I'm thinking it might be a good (ish?) investment?
I know that there are a lot of scams, but I'm looking for something legit.
Thank you all so much!

Prices for cloud mining are incredibly unfavorable for you.
Even if the site is legit, you're just not getting a good deal.

You may try www.CloudMining.website. Recently, they have slashed their price after block halving and 10 Ths can be bought @ 1 BTC. I have just bought some and so far all good with them...

For me stay away from cloudmining industry 99% is ponzi and offering a life time contract, and ROI prolly will never come, but the good thing with ponzi is if you get in early you can make a nice profit, but no one know when it will collapse..so if you have cheap electricity get some S9 antminers (im reading the are profitable also after halving) or get some GPUs for alt coins and when you done sell them back to market,

you can prove it's legit? how's the mining rig and can you please share to us the picture of the datacenter,because you know,no proof mean no legit,and OP are asking for the legit ones
https://bitcointalk.org/index.php?topic=878387.0 this thread mention that the site you're shared above is a ponzi
so you're another scammer ass

try hashnest.com and buy some hash power only when they released the s9 in the market, currently only s7 is available which is not much profitable like the days before the halving

if you much a lot money you can get buy self hadware
and the you can self mining, majority is cloud mining only HYIP scheme ponzy , only few cloud mining and real mining

If you are going to invest much better if you go in trading there is no scam in trading alts, but in cloudmining? Well all existing cloudmining sites is 99.99% will be turn into scam so better to stay away from cloudmining sites or go cry out loud.

i don't think buying a mining rig these days would be profitable for anyone as because of the block halving plus the rising in mining difficulties. he might spend more money than how much he can get

Mining is totally unprofitable these days, especially after the halving which brought the rewards down a lot even in the legit cloud mining websites like Hashnest.
Regarding Cloudmining.website 10 THS with 1 Bitcoin is one of their final attempts to get quite some bitcoins from unsuspecting people, pay them back about 0.10 or maximum of 0.15 bitcoin and then run away with the funds. Best thing to do nowadays is to hold your bitcoin in your wallet and wait for the S9 Antminer which I have heard they are already out or they will be very soon and then you can try to invest a bit in hashnest the only legit cloud mining company as its backed by bitmain.

cloud mining is not good until price of bitcoin increases and return is quite slow for sha256 ..so better say awaay form now ..if you still wnat to insvest then i can suggest hashnest or hashflare

Thats correct most of cloudming sites are too risky to invest and all of them will become scam sooner or later so much better like if you go to trading which you can control over your money but it seems you have to study the alt coin you want to trade.

you are suggesting OP to try an obvious ponzi site.
what proof you have about this site? did you invested in cloudmining.website? let me tell you I have invested in cloudmining.website and I found it 100% scam. I've reached to the payout limit and requested for payment. but after 3 months my payment is still pending.

@OP I suggest you just stay away from any cloudmining sites. if you have money then buy your own mining rig. and if you don't have place for adjust mining rig then just safe your money with you. it is better instead of loosing your money.

it is better to buy the AntMIner and lose money in case you couldn't make profit somehow than invest in a cloudmining ponzi and lose money to a scammer that runs away with your investment and then laughs at you.

just don't do it mate , even in the legit ones the maintenance fee will probably kill your profits
if you really love to grow your coins search for something else , like learning trading or investing in a trusted gambling site it's way better than cloudmining

Noice and heat can belowered with proper ventilation and sound proffing which may cost you few more bucks which is far good than taking risk of lossing huge amount in trusting cloud mining site. Even some long running and most popular cloudming can disappear overnight. Better buy next s7 and mine in your basement

Than you invest in cloud mining is much better if you try to trade that is much safer than investing there. it is common knowledge today that invest in mining of clouds just throwing your money without results obtained.

Mostly of cloud mining service are scamed their users, but you can try hashnest they have support hardware by bitmain of course with you can lost it. Always there are risk in Investment.

be warn you can play investment your money in cloudmining
your must selective choose is cloudmining because only few litle cloudmining is real mining
majority only hyip and shecme ponzy metode site cloud mining

Don't invest in cloud mining. Its not profitable nowadays. The concept of bitcoin cloud mining is beautiful with the user thinking that after he spend the money buying GH or KH will get a lot more of bitcoin that he actually invested. Its beautiful but you have no guarantee the website will be online that long in order for you to get the promised interest rate of cloud mining. If you see lately we had a lot of cloud mining websites collapse as they were not really cloud mining so better don't invest.

if you really want to mine something them maybe turn you head towards altcoin mining? Bitcoin mining especially now, after the halving could be an enigma, we have no idea how it will scale.
The best option is to wait at least 2-3 months to see if halving had any effect on mining operations and don't purchase any mining equipment until then.

Yes that's right , because bitcoin mining not really profitable right now because halving.
But you still have altcoin , you can mining altcoin and trade it for better profit.

Don't invest cloud mining sites. They aren't profitable and many of them are Ponzi HYIP schemes. And I think isn't adviced to buy a real mining equipment to mine Bitcoins. Hard to make a decent profit and you can lose money. Some people try their luck mining alt coins, hoping to see its price increasing in the future.

Ethereum ia the perfect coin alternative coin to mine since bitcoins nowadays are getting mote blocks difficulties, ethereum have slowly rising its value and theirs no doubt that this coin might get hit in the public since people really looking to earn money into it and if this coin can have enough numbers of minere well thats pretty sure that price of ethereum might rise and go above for more as expected.


their are legit cloudmining existing right there men like hashnest and genisis-mining but those two above is not really recomendable to put your money at because we knew that mining are not profitable today and they are the more affected since there miner really cannot sustain and give profits that they want and thats the reason why we should be warn since anytime they could collapse with our beloved money if we still invest eventhough theres danger tagging at them.

There are a few possible outcomes when you invest in cloudmining, but none of them are in your favour.
You will never reach the point of investment.

If you mine, be sure that the price of electricity in your region makes it profitable for you.
And it does not always need to be bitcoins, there are altcoins out there as well.
But be cautious withe ether. A hard fork is coming this week there, and nobody knows what the outcome will be.

OP, if you serious about (and this isn't a shill account to start promoting a new ponzi) then please first google some cloud mining companies,
hashie, gawminers, ltcgear and hashocean. You will find enough information that these things are a fraud and it isn't worth the time.

I have to agree with the other users here.
Cloud mining is a good way to lose your money. If you are in for profit then try holding bitcoin or learn altcoins trading.

OP, is asking for some way to get into mining, not buying Bitcoins or Alt coin trading. You are correct in one way, and it is that Cloud mining is the perfect way to piss your money away. The people who gained any return on their investment, where the first people who joined on these sites, the rest after them just paid for their profits. The best option now, if you want to get into mining, would be to focus on Alt coin mining and not Bitcoin, because the difficulty is just too high, to make it profitable. ^hmmmmm^

cloud mining sites are always risky , even some one says it is legit it turns scam after some days . some one genesis- mining , and some people say hash flare is legit , but not sure they may go scam at any time as we seen so many cloud mining sites gone scam.

That's right the cloud mining just made a profit for who he has joined with them at first and for another person who join with them after that is always getting a scam or their money is away.

Like you said, cloud mining is the perfect way to make the owner of the cloud mining rich.
Btw genesis mining is far from reliable. They have scammed their users with fees and income. The only legit, but not profitable cloud mining provder is hashnest.

Hey guys!  :)

Thank you all so much for the help. I read all the replies and I have decided that it's better for me to buy an AntMinerS9 (which I already bought). I think I'll stay away from cloudmining for now.
Because I have free electricity in my dorm, I think it'll work perfectly.
Thank you so much once again! I truly appreciate it!

Digitally and respectfully,
AgentRuan

Mining by your  self I think it depends in the country if how it be profitable if your electric bill is high  I suggest do not try mining, in cloud mining sites many of it close so before you make a decision think more before joining.

do not take too much invest on cloud mining, because if you only mining bitcoin that have increase its diff day by day, then your profit its not much, even if you have 10 THS or so. better you invest your bitcoin into money and then you buy VGA cards and after that you can mining much coin, not only ETH. and if you have get much profit, then you can sell the VGAs if you want.

Don't invest in cloud mining. Just don't. If you really want to invest your bitcoins much better than investing it in not profitable business like legit cloud mining is to invest your bitcoins in a casino bankroll. For a trusted list of casinos who accept investing in their bankroll please take a look in the Gambling section. Consider this as a long time investment as although low house edge from reputed casinos there are a lot of people who plays there and chances are high you will come out in profit in the long run. Forget cloud mining, is from long dead and not profitable.

I Just can tell you keep away from CloudMining.you can mine with your  AntMiner S7 that would be best decision.you can buy new AntMiner S9 its now popular.My suggestion just keep away from cloud mining because most of the site are scam you will lose your all money.specially I believe every cloud mining sites are ponzi scheme.the real mining is rig mining.

That's all to it. Stay away and keep your money safe. We all should know by now that cloud mining in general are the dark side of bitcoin.
It can be compared with the deep web, which is risky and full with criminals

I don't think that investing in heavily premined, centrally controlled, overly promoted and without hard cap of number of coins is really that wise.
It can be fine for now, when this coin is overhyped, but I can't see bright  future ahead of ETH.

majority cloud mining only HYIP and scheme ponzy
only few cloud mining is real mining
but is return of invest cloud mining real mining low profit so very dificult choose cloud mining because low profit not guaranted real mining
is low profit hyip and scheme ponzy not real mining is much accident in cloud mining

You are right. Cloudmining is nothing more then a way for scammers to become rich. They use the pretense to lure investors.
When they got enough funds they run away leaving behind their poor investors.

Best bet is to share the cost among you and a few investors with someone you trust to run the rig . I mean someone you actually know that physically has a rig you can see at anytime. The thing I though you gonna need a lot of hash power and cheap electricity but it can be done.

Ok we established we can make a roi definitely it is real and legit. But !! Your next problem isz what if the miner ews to stop working ? So you see there ar costs that u can't prepare for so well.
You could probably get 0.5% a day or a bit more definitely but you never know if the rig malfunctions or burns out or whatever. The rig will also eventually be useless and cost more to run then to make so remember you will need 200 days of 0.5% to get roi then you only profit and then the difficulty is high. So you just add most hash power. Making it take even longer to get roi.

Your best bet will be to buy the miner and run it yourself. An alternative would be to mine altcoins rather than bitcoin, you can start with an ordinary pc and work your way up to a stage where you can earn huge amounts. I know minergate is trustworthy so it may be worth a try.

I suggest to don't expect that you can make a profit in any cloudmining site almost all cloud mining site are scam.. its better to go do task and receive payment than risking your bitcoin in a cloud mining that you can earn nothing.
Its always happening that many people are still scam in those schemes.
The sad thing many people are still not stop investing for those ponzi cloud mining and investment site almost all are liers..

CLICK my signature, hasheer is where its at dont be late to the party!

 :)

Yes very strong suggested that stop investing for such hyips/and cloudminings because people here are treat them all as scam so we better listen to those who experience and i beleive mostly of us really experiencing to so thats the reason why we really need to stop investing at them and save our money for frauds theirs a lot of wats to earn money here and all we need is to be skilllful and do hardworks just to find those money earning jobs with no asking investment needed.