Bitcoin Forum

Anyone? That can share Mining Sites that are LEGIT, WORKING and PAYING 101%..
Most of mining sites nowadays turn to SCAM in months or a year.. The money invested cannot be refunded. Thank you for sharing your knowledge.. :)

Hashnest and BW.com both have internal markets where you can buy and sell hashing power. The better S9 has not made it to Hashnest yet.

Hashnest as ive heard got many good and bad feedbacks to the costumer and some other says that they are legit company since they are backed up by bitmain, but my question really is how they can sustain there company and how they continue to pay their costumer if the block difficulty will be more even higher for years passes? Do you think they are still the best cloudmining? And that is the question bare on my mind about them really. because i think mining industry will slowly vanish when more halving well be come in the future.

don't even look for a Mining Site aka a cloudmining service. you will end up regretting it after a short while. they all have a terrible ROI and almost all of them are a ponzi scheme and even if they don't start out to be a Ponzi scheme they will turn into one soon.

Personally I would not buy on Hashnest until they open S9 hash for trading and we see what the market is.

Meaning they will get first only your interest for us to invest to their mining hash or in other term they're gonna hype you then after you invest in it, little by little the scheme will be change and will turn into ponzi scheme without our notice, isn't right? is that what you're trying to say? ???

yes , you can say it that hashnest is legit since a year that it is operated . you can suggest it to him but i will advise him not to spend to much money on them i have no other idea if theres a mining that is legit so i will never suggest anything because i am not trusting any investment of bitcoin .

Have you ever tried to invest in hashnet.com? and what do you mean by S9 is better but has not made  it to hashnest yet? Could you exactly explain it to me, I asked it because I never try hashnest to invest in. Mostly I tried in Bitminister.com so far so good in my experience now. :)

mining sites are not promising one , better not to invest more money in that. earlier some one suggested hashocean is legit but that site was gone scam , do your own research on the mining sites and invest  only invest less money which you can take risk and mining sites does not give more ROI :)

so true agreed with you...there is no need of cash or much money put into...cause some of this are scam, and they earn distrust..so suggestion is to put not much on investment..one you know you can afford to loose..

best paying and legit = impossible
if you're seeking for best paying mining site,the anwer is those scam mining sites,it'll pay you quite high,you could even get ROI or end up getting scammed,it's just like gambling
and if you're seeking a legit mining site maybe hashnest and BW,someone say they're a company that make mining hardware,but the profit is really low

Do you mean cloud mining sites?

Even paying and "legit" mining sites sooner or later become scams and run away with the btc because they

are just a ponzi scheme.They pay only to the first people who joined and are on the top of the

ponzi scheme pyramid.

The question has been answered many times, but it seems that history will repeat itself.

i'm using hashnest. Don't think they are any ponzi... Would be quiet stupid run away and loose all the income from antpool and antminer.
Were they more profitable than now? Sure.

for me all the mining sites / mining cloud was never trust. almost 99% may simply calculate computer calculations alone. in the absence of the original mining tools. I've tried on all mining cloud, in the end they always lead to a scam.

To be honest i think investing in these mining contracts is a waste of time, i think you would just be better either buying the bitcoin urself or investing in some good hardware and mine a crypto that you can then convert to bitcoin, less risk and probably a better return.

I'm afraid no one can give you a solid answer about which are legit and which are not.
Many online mining sites are becoming scam lately.

As of now, hashnet is doing fine right now. You should try it. Stay away from hashocean. They scammed hundreds of thousand of its members. Genesis cloud mining is still operating as of now. I dont know if its legit or not but you can check it out. You should do better research about the site you are going to invest. Roaming at mining section can be a good help for you about most mining.

MY recommendation for you to visiting the experienced users of the mining site like hashnest in here, maybe you can get more information

https://bitcointalk.org/index.php?topic=1576890.0

I can't suggest about the legit mining site because the mining site is having a lot of good and bad feedback from their users.

I don't understand why so many peoples here suggestion OP to join hashnest, and vouching for it's legitimacy.
if hashnest is legit today, then still there is no any guarantee that it will remain legit in future too,
hashocean was also a legit site for years but at the end of time it also turned into scam and stolen 100,000 users money..
so never trust on any cloudmining site,

simple... as the block difficulty increases and the reward decreases the price adjust so the income still the same.
before the halving bitcoin price was 300~400 US$ and now, after the halving, the price is 500~700 US$. plus, in some cases, they dont mine only bitcoin.

Have used Hashnest often in past. The most profitable miner Bitmain sells is S9 but they are not selling hash for it on Hashnest yet, only S7. The main advantage of buying mining hashpower at Hashnest is the market. You can sell anytime you like, you are not locked in.

I'm still using Genesis-mining and they're not a scam an have already made a profit with them.
But my earnings have been much lower after the reward halving.

In general, mining / cloud sites are cannot be trusted because, most of them turned to scam. Hmm.. I would never invest anymore in mining.. A victim of hashocean here and it gave me sleepless nights thinking of my money.. It also gives me trauma.. Thats why, i posted here just to know if theres someone who still trust cloud / mining sites..

They are not a scam but not a good deal either, and once you buy you are stuck with your hash, there is no market to sell it. Genesis Mining is in business to make money for itself and gives a little bit to customers.

Do your research. If you had a few GPU cards mining Ether last year you could have done well mining at home.

Like they..be wise so you might not get scam. They are so many mining site that proves to be true..some are scam why some are real...and if you found any don't put much cash into it...so you will not loose...

yeah, it seems that it is not a scam right now, in my opinion it is not going to stop paying as i have a small investment in it at the moment

I have yet to see ONE cloud mining site, where people reach ROI in the late stage of it's business cycle. The business model behind this, is pure Ponzi/HYIP funding and this is not in any way even close

to sustainable. The early investors take all the money, and the last people end up being bag holders. The quicker people see that NO cloud mining site can be sustainable, the quicker we can all start

concentrating on legit ways of making money. Do not be fooled by this scam.  ::)

And the sad part is, there is no way for the authorities to stop those scammers. And i think if authorities will give a concern about btc world, mining or online gambling, it will be the end.. I will do more research about mining, but, as what i had experienced, cant helped and cant be trusted.

If the one that ypu are talking is cloud mining,I would recommend you to stay away, eventhough you are tempted by the passive income which is only invest then do nothing with high return profit, most of the cloud mining is scam, dont fall into your greed

Bro you can use your browser to search on google what is the best ang legit at the moment because some of website are always turning into scam that fast , after they complete all the investors invest their money if you are going to invest of course you always taking the risk because you always risking your bitcoin/money on that website :D

No, I don't recommend searching in any search engine. Scammers can simply raise their SEO rating and overtake legit mining companies.

With that said, I recommend asking around in forums, like this one. Try prioritising high-ranked or well known members' opinions first since inexperienced users are more susceptible to scams and fall for them easier (e.g. HashOcean).

Just one year ago the situation with profitability of legitimate hosted mining was very different. I was able to make 15% monthly with Hashnest and explained how in how to profit with Bitmain Hashnest (https://bitcoinnewsmagazine.com/how-to-profit-with-bitmain-hashnest/).

Antminer S3, S4 and S5 were all taking about 30 weeks to ROI. Of course times have changed with difficulty increases and the block halving. I have no investments in hosted mining at Hashnest now because Hashnest is not selling hash for its most profitable miner, the S9 yet. When S9 opens up on Hashnest I will take a small position so I can report on profitability.

BW.com is an alternate to Hashnest. Back in October last year I bought one TH of B11 14 nm hashing for .78 bitcoin ($226 at the time) and have received .57 bitcoin in mining income worth $325 now so I have made a 44% profit on the investment in dollars. Hashnest and BW have very large mining farms and are not Ponzis.

I always seeing the people is having trouble with genesis mining , a lot of people is saying about their bad experience with genesis mining like this.

https://bitcointalk.org/index.php?topic=1185909.0

I think genesis mining and hashnest mining sites are running since a pretty long time and survived the price increasse and halving also.So these are the two options for you.But it still say i do not trust them or any of the other cloud mining sites 100%.Specially after i saw hashocean scammed and ran away with users bitcoins so its pretty hard to trust any of these mining sites.

yeah genesis-mining consistent pay and I think they will be far from a scam because they really do mining. they also often do a contest. you can see their facebook fanspage

scammers can't be stopped,once some scammers stopped,there will be popping up another scammer,but decreasing them is possible by having law against any scamming activities,but unfortunately it's online world which almost everyone having the freedom as long they still remain anonymous,

yeah, genesis mining seems to be really legit at the moment, it is around for a while and it is still paying the people

In my opinion cloud mining are just for pasive income because it will need much time for return of Investment and it is high risk too. But if you wanna try making Investment on there, you can try hashnest because this service has support of hardware miners from bitmain. And don't forget make Investment with you can lost it.

But does those cloud still allow you to roi? As i know those clouds usually make the roi time to be over 1 year and now they are mooving to 2 years to roi, the thing is invest into cloud is similiar to throw away money, atleast this is my results.

Genesis Mining like any other company is in business to make money for themselves. They have just designed their products so that customers get a very small piece of the pie. After all their negative press I am still amazed they are able to attract new customers. The thread by Glucose (https://bitcointalk.org/index.php?topic=1185909.0) previously mentioned should be read before buying anything from Genesis Mining.

I don't think you will ROI on any hosted mining investment you buy now. That might change if Hashnest starts selling S9 hash on Hashnest and bitcoin price goes up considerably. BW.com is not user friendly for anyone who does not read Mandarin but I have managed to use them with help of Google Translate since the English option on the site is not that good.

If you just have to mine buy an S9 and do it yourself as long as you can handle the noise, heat and power requirements. There are also companies that will host your S9 for you (https://bitcointalk.org/index.php?topic=622998.0).

why don't you buy your own mining equipment? gpu mining is very safe there is no real risk, you can resale quickly, and profit is better than bitcoin asic mining, there are many profitable coin, and you cna mine with just a single gpu no need to spend thousand of dollar like in bitcoin

No there is no any legit cloud mining sites and if there are any which is mining in real for you is not profitable with the current price of bitcoin and the price they have. You better don't invest in cloud mining as you will not be able to earn what you invested back even in a year. Stay away from cloud mining sites.

well that's the reason why there are no one can give him a solid answer because there are no legit mining sites i guess . many are becoming a scams like what you have said . better to not suggest him too much websites of investments he's looking for a legit mining sites meaning that he don't want to risk and waste his bitcoin on a shit ponzi .

Is it okay to invest in mining sites while it is newly opened?

No dont invest being new or old, those cloud as already said they work from themselfes and just, the costumer is their last problem. If you dont have money to buy the equipments just purchase bitcoin directly and stay away from ponzis, clouds and some few others projects made to take your coins.

It's too bad and dangerous at the same time because they're not having a reputation and average a new cloud mining sites just rebranding from the previous older scam site. and never putting your money in them.

All I've heard about cloudmining is that you do not get to ROI usually. Some of them even become ponzi schemes and then close down eventually. The difficulty rise and the competing miners make it tough to profit so I would say just stay from it.

There's only one cloudminer I have heard good things about and that is Genesis mining but I have yet to try them.

Yeah, a large part ponzi cloudmining only run business and even they do not do the actual mining. I think it's better not to try cloudmining like that, because in the end we will lose the money that has not even ROI.

For genesis I do not know, maybe until today they are still paying. But we do not know what will happen in the future. Thank you

Instead of struggling with the "cloud mining" better to do hardware mining , you can get a good amount but you must prepare some tools like the room , your specification and also your time . Since cloudmining would be scam soon , cuz not have mining proof to share and most likely ponzi schemes.

Most of them.. I've got a pretty good profit of around 250% on some russian cloud mining website but that was a few years ago tbh and on cex.io too, when they were selling GHs

As far as I know most of their investment didn't return 100% only 50% is being return or ROI. Because they burn it, that was what happen most of the time if there are some investor investing to their site. If I am going to look at it is scary to invest in and too risky.

All mining sites or cloudmining nowadays honestly are too risky to invest in. But even though they know its too risky some of the community here stiil continue investing on it, because they are risk taker. it doesn't matter to them if they will loose bitcoin,.. And for me I don't know if there is still legit mining sites in bitcoin industry.

If you had a machine that prints $100 bills why would you rent it instead of printing the bills yourself?

Mining rentals make no economic sense. The only way they make sense is if you know your machines won't ROI for you so you rent them to make up the difference. If your equipment has already returned your investment then you run them to death to increase your profit to its max potential.

Effectively using basic logic makes all mining rentals some kind of scam.

Therefore there will be no problem to invest to hashnest, as long as you/we must invest only not to much but only trying if there gonna give something more than we invested it. Okay I'll try to that advice.

I'm not sure I will give you a good answer that can help you. Make an investment in mining is so waste of time i think but it still can give you a profit, I prefer like to join a signature campaign. If you still wanna invest in minning, may be hashnest is the best I can tell to you.

i dont think that you should do that though because it wouldnt allow you to make any decent money because it will turn out to a scam sooner or later

To make this discussion in general, Mining Sites are all scam? It may take a few months or a year but it will definitely turn into scam.. Now, i will never ever try again to invest in all forms of mining sites..

we get halving and technology is at its peak. So not recommended to use cloud mining atm, either u will get scammed or very loooooooooooooooooooooong ROI (or not ROI at all)

Why can't you use the money to by Bitcoin and hold or any of the Altcoins you which to mine, Almost all if not all of these mining sites are scam no matter what they promise, I think Hashocean spent more than 2 years before they disappeared and is the most profitable mining site then, Genesis is design to mine you dry. Thread with caution, please don't give this scammers your hard earn Bitcoin.

Hashocean was not the most profitable, was the biggest scam of mining history so far. They got away with more than 3.5 mln USD user funds in bitcoin and nothing happened to them. I agree with you though that now is not a good time to mine bitcoin at all especially after the halving and all the users should concentrate on mining altcoins with GPU for example Ethereum then convert them for bitcoin. As far as I know this is still profitable and it can be done with a medium computer performance, core i5 and R9 290 x gpu card. If you are interested you can find more in the Mining section of this forum.

i think mining sites that still legit is genesis, hashflare. but my suggestion if you buy bitcoin mining, i think its profit if you just have small THS, but its different if you buy other alt minings. in genesis, we can change what we want to mining. in hashflare, there are an option what mining type that we want to buy. but its up to you  ;D

Haobtc is a "banking" company that allows you to invest so that they could buy new miners. Here's their announcement thread here: https://bitcointalk.org/index.php?topic=1023187.0.

Yes short time running away makes sense but this is for the small mind. ;) If you clever you stay legit to enjoy pay over years to come. You will make more that way it will just take longer but people are impatient.