Bitcoin Forum

I only stumbled accross this a while back but BW do cloud mining.
Is it profitable/trustworthy to use and has anyone got a profit. I know people tend to say that mining with the fixed returns idea is bad but they ofer it on that site so I just thought I'd check it here first for it's reputation.

bw url (http://bw.com)

That url is down FYI(at the time of this post). I can't tell you because of that.

In my experience  since I use bitcoin, I guess there's no cloudmining site that is trustworthy enough, even the HO as what people says that is trusted enough but it scammed over 700,000 users of it. So how can people trust again to that kind of site. And btw that site says

"This site can’t be reached"
"bw.com’s server DNS address could not be found."

it is down right now.  :'(

new cloudmining sites are always created with new names, and start scamming people over and over. and as long as people are desperate for making a profit they will continue doing this.
so unless you could see the mining equipment with your own eyes it is a Ponzi and you should stay away.
and even if you saw the equipment it still doesn't mean cloudmining is profitable.

The site is up and they run one a popular pool: https://www.blocktrail.com/BTC/pool/bwpool

https://www.bw.com/about

There are only 2 legit cloud miners, that I know off; BW is one of them, Hashnest is the other one. As for the rest, there are many degrees on 'legitimacy'; a nice thread regarding can be found here: https://bitcointalk.org/index.php?topic=878387.0

Is it profitable?
Frankly, that's a difficult factor. Since the ASICs, everything is only that much profitable until the next version comes out or the difficulty has risen thus far in the meantime. As for now, BW is only 1 out of 2 worldwide companies that uses the latest < 20nm chips (BW uses 14nm, Hashnest uses custom 16nm). So as for technology goes, yes, currently they are profitable. But for how long, that is an answer nobody knows (like next innovation, difficulty rise, BTC price).

Is BW trustworthy?
Well, that depends on what you would define "trustworthy". If it means that they pay their customers and such, the answer is yes. If it means something in the spirit of the Bitcoin idea (decentralized), my personal view would be no: Unlike Hashnest, BW doesn't distribute its technology.


But anyway, BW is legit. They are not a ponzi like hashocean or something, or a 'limited' legit company like CEX.io (3rd party hardware). If you want to invest with them, then yes, that is safe to do. If it would bring you profit, that is something else  :)

No It wasn't, I got through. You ust have a terrible connection to that site as I needed to get a connection in order to get the right link.


I believe that miningsweden.se was quite a good one (though, they're always sold out recently).

Hashocean was already odd. It was looked it wasn't going to last. The were paying me 0.005BTC/two weeks when mining with them. That didn't seem reasonable. Though, in someways they didn't and still don't seem like a scam.


Do you know nothing about them?
I'll help, go to blockchain.info/pools and see that BW makes up qute a large amount of the network with Bitfury and antpool.

I am not sure if BW mining is 100% legit, they seem at first glance at least better that most other cloud mining sites I visited in a long time.
Leastwise they went through trouble and bought one ASIC and are showing it on their pictures - better than most.

But I am afraid the fact they are Chinese make them totally insusceptible to any kind of legal means when something will go wrong.

Cloud mining is dead.

 You will start to gain nothing when you come close to get your Roi. That's for the best situation.

In worst situation, they usually shut it down and run away with your money when they collect "enough".

Don't invest in those ponzies.

The dead site, mining is a good way for get a profit but that is a real mining and not joining of following into cloud mining site.

Visiting whois and i finding this.

Domain Name: BW.COM
Registrar: ENAME TECHNOLOGY CO., LTD.
Sponsoring Registrar IANA ID: 1331
Whois Server: whois.ename.com
Referral URL: http://www.ename.net
Name Server: F1G1NS1.DNSPOD.NET
Name Server: F1G1NS2.DNSPOD.NET
Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Updated Date: 03-nov-2015
Creation Date: 21-jun-1993
Expiration Date: 09-sep-2025

But it is possible the creation date is in 1993? :o

OK. Can we at least stop spamming to say that the site is dead?
I realised that I cannot access it through a site like archive.is, but I can access it directly from my browser? Does anyone know why this would be and if there is a reason that I can still access it even though others say it is down?

EDIT: maybe my browser archives sites that I've recently viewed and that is why I can see it still.

Seen them safe for some time, but most cloud mining will culminate with scam and for this site i want to try to invest a little to see progress in the next 20 days.

Its not something that cannot be true. I know that with the halving almost all cloud mining websites , the legit ones almost cut their daily profit in 4 for the users. Hashnest is a good example of such thing with making only 20k to 25k satoshis with 1 THS mining power. Because of this situation many people have quit cloud mining and maybe BW is profiting from this opportunity and giving the chance to their users to mine bitcoin with them. I don't know for how long this will last but I think its a very wise move from BW.

No, it ain't the history of your browser. BW is simply accessible through the net, though I also notice it has some 'hickups' sometimes; something similar like when I use the TOR network, as if there are many redirects before the data is passed through. Perhaps it's because of the big firewall around China or the location/network where BW is located; but in any case, BW is accessible and for sure not dead  :)

Why would you trust a company that can't even keep their website up never mind keep the miners running.
You must report back and tell us how it went.

Why are you investing your time here? This is a company who cannot keep their servers up is it not? I saw just earlier today hat there was a warning of DoS attacks that had taken place on this site so tey cannot fully keep it online either.

BW's site vulnerability does seem odd though.

Seems like their site is very weaknesses according from your word, right? but if the another is saying legit about that actually i can't put all of my trust for them because learning from the past cases always put trust and the ending will running in same story.