Bitcoin Forum

Hey guys, I have a capital to invest. I want to use it in mining. Yet there are too many of scam mining website, I am really hoping that there is some site that is legit. Can someone tell me which is the best site to invest?.😀

You mean a site that allows you to "buy" shares and let them (not you) use it to mine for you? That kind of sites are called cloud mining sites and most of those sites may scam you sooner or later. I'd recommend not to invest in any of them.
...But if you really want to, at least search for the name of the site on this forum for any report of them being scam before investing. This thread (https://bitcointalk.org/index.php?topic=878387.0) is a good place to start, but don't rely on the first post alone as it was last updated a year ago.

there are no legit investment site, where you can get real profit. all legit site is giving very low profit and you will need even several year to get real profit, others, witch gives more profit are running under ponzi scheme and they will become scam soon, so i advice you stay away from investment sites and try other things to earn bitcoins

If you are refering to cloud mining site with mining than i never gonna trust or have trusted any of the existing cloud mining services. And i also like to suggest you same, better you start mining with real mining device if you have cheap electricity.

I guess that you are talking about cloud mining? It is not the best moment for buying mining power. Everything depends now from Bitcoin price. If you belive that price soon will be growing fast - yes, buy it! Most legit for sure is HashNest.com
But you must know that if Bitcoin price will fall, you will lose.

Cloud mining websites are scams. Maybe there are only one or two that are real, but in my honest opinion it's too risky to do that. You better buy your own rigs and mine with them.

no one are legit for investing your money, furthermore for looking about the cloud mining site already mentioned in some clue of your sentences, although you will find the legit one in here and i think mostly get fraud by contract or you will get ROI for a long time.

Most cloud mining sites are scams.
If you acknowledge that investing is risky and keeping the money on web services also risky, your options could be lending on various exchanges, maybe some trading...
I don't know which gambling sites offer the option to invest in house, that's also an option, maybe riskier...
Anyhow... avoid cloud mining.

Of course, you can also try to invest in gear and mine yourself, but then energy cost and other things come into calculation... much bigger effort...

Why asking for it while it is proven as scam??  Cloudmining isnpaying at first week of their existence,  and if they got hugw volume of invested money will sure they will run and turn scam like the same others do,  cloudmining is just a waste of money and theirs no true platforms beneath on them,  people really needs to learned their lesson so they will not ended up scam by those fucking fraud.

I would really suggest  that  dont  intend to  put up your  money  on cloud  mining sites  because  most  of  them  just turn  out   to be a scam  on  the  long run which  would really waste your  money off. Some  cloudminings  does  have   contracts to  buy  but   ROI would  be  too  long  its better  to invest  on some   way  just  like investing  on  a  gambling site, its  quiet  low  profit but somehow  less risky  compare to those  cloud  minings.

basically most of the cloud mining services are paying at first , they are seems legit until the time that you won't be able to receive your profit . honestly you can never find a legit website that will mine bitcoins for you they are just a scam and if you don't want to waste your money it will be much better to avoid them .

Afaik genesis mining is one of the cloudmining that I know that actually has a mining farmvand it's operating for quite a long time now. I will not suggest you to invest in it tho. Cloudmining now adays are no longe profitable because you will need a higher capital if you want a fast low of your profit. Also be careful with other cloudminings because just like what they already said, most are only ponzi scams in disguise.

The majority of cloud mining on the Internet are the scam. Stay away from them or you will lose all your capital. If you want to earn money by mining, i suggest you should buy your own hardware, computer, software and start to build your mining system instead of investing to some Ponzi Scheme. Anyway, there are still several legit site, such as Genesis-mining, hashflare,ectc

As of now i can still consider them as scams so better prevent it. You better save it first and research more on where you can invest that one but most likely people are investing on a gambling site but still risky not just of getting scammed but the bankroll profit also.

You are going to be invest your money for nothing cloud mining site or online mining those sites are not safe for your investment its too risky that you can be lose or scam by those site.. better to stay away from them.
I think it is better to study trading and invest your bitcoin in some altcoin.. To make a good profit..

None at all and forget passive income as it will make you more lazy to earn bitcoin. And if there's a legit one, renting hashpower is not as profitable as you think since you will only get the supposed income based on your capital. ROI sucks and don't believe in those 90 days ROI as it was only possible by virtual mining with no equipment.

Instead, use that capital of yours in trading and start your journey with it. It's worth trying than relying on no work with pay methods which you aren't sure if you will got payments out of your investment on a certain site.

They do pay but i don't think its worth putting money to them, its not at all investment but you get to lose money from them not earnings and eventually they scam their users. I regret promoting a mining site back when I first learned bitcoin.

Its not a good choice to invest there is many ways to invest your bitcoin to increase the amount.. and i think trading and buying altocoin is the best right now than to invest in cloud mining site there is no legit that i heard that can stay for too long..

This is the only one which makes me money for over 14 months.

https://bitcointalk.org/index.php?topic=1579210.0

Still, be very careful and never invest what you cannot afford to lose. Cloud mining is a risky business.

I think you can try making investment into hashnest cloud mining service, because they have real hardware miners and they be supported by bitmain. But the problem is cloud mining service for right now is not worth and if you want make investing on there make sure you can accept lost into them.

Mostly cloudmining service turn into scam schemes, there's a cloudmining trusted, hashnest, but nowadays earn profit from cloudmining/even mining use hardware is too hard, considering to mining difficult increased, https://bitcoinwisdom.com/bitcoin/difficulty

Build mining farm is better if you have a lot capital, and mine altcoin is the best alternative mining choice.

I'd rather go for build up some mining rigs if we have huge capital rather go on cloudmining sites where we cannot assured to get some profits in that sites,  and i can't trust them anymore since many of them already fooled people and maybe other scammers do the cloudmining scamming repeatedly,

As you said mining difficulty is increasing yearly thats why we must consider cloudminings as not worth it interms of profit gaining, 

If you have capital to invest I would go with GPU mining rigs. They are much easier to set up and use compared to Bitcoin Antminers (these are easy too but GPU is just plug and play). There are people who are making money with GPU mining rigs (3-5 GPU-s per rig) usually RX 480 GPU-s would make you about 200-400 USD pure profit per month if the cost of your energy is 0.05-0.07 per kwatt.

I suggest you try ethereum or zcash as the most profitable altcoins of the moment. You can read more in this board
https://bitcointalk.org/index.php?board=160.0

My mining site is paying now for over 1 year...
It is now a cloudmining without miner...funny not?

Do not worry...all is for free and you can only earn...funny as well...not?

I'l the living proof that you do not need a miner to make a profitable miner site...
it is better to have a site without miner than a site with a miner who makes no profit bur lose...

Yes it is possible because all is possible...
I have hesitaded to make an earning site among a miner site or a tortle egg site or a site about nothing...
i have chosen my U2cloudmining site because I had a antminer U2 working...
Now the antminer U2 is sold and the u2cloudmining site keep up to make profit...
Funny not?

I can offer nowadays 20000 satoshi for free at my members...
ohhh...ok it is not much...but better have for free a part of 20000 satoshi that pay for lose what one has been paid...(lol)

Yesss I'm the proof that a mining site can pay...AND FOR FREE absolutly for free...

I am very proud to show that it is possible to offer 20000 satoshi daily...
The average since the site exists is 31000 satoshi daily...unfortunately the rise up of bitcoin price has decrease the daily amount(but 20000 not is certainly better than 40000 a year ago...

Yes my system works perfectly...but it is only possible if the webmaster does manage for the fun...
You can not imagine how much learnful my system is for me...
I know about the "market wishes" because my system is "market regulated"

All webmasters should follow my system to learn about "market wishes"...

 

as far as i know and i make invest on that site is genesis, hashnest, hashflare, eobot and all of them is the old of cloud mining that i see is still online until now and still payment. but unfortunately, i only make small deposit in last years, so for now, i only receive small amount from that cloud mining site. and my advice is, better you don't mining bitcoin because it needs big hashrate to receive the payment, maybe you can choose other altcoin when you decide to choose genesis to make invest.

And of course make investment into cloud mining service with can be ready for lost them, because as we know cloud mining service for right now is not profitable activity and mostly of cloud mining service they take the money from their members and never come back.

I agree you are right...
BUT...my U2cloudmining does not take something...It does only reward for free...
And this is what people have difficulties to understand...
People are not used to get something for free without risk.

The deal is easy and simple:
I offer nowadays 20000 satoshi daily...and the people who want take a part of the 20000 satoshi take...
It is so and it is undiscutable because if people are not interested...the do not take.

Why will some people always take?
For the simple reason that if to few people take...or why not only one person,then the people will get much or if alone then even 20000 satoshi daily alone...yes alone...who will not be interested with 20000 satoshi daily ?

Believe me...my free daily 20000 satoshi will not be untaken...You have certainly heard here that it is waste of time...
but you can not believe for other people...My u2cloudmining system will never be a waste of time for takers because by principle takers think that it is not a waste of time.

I've seen a few reviews about those cloud mining services that you have mentioned especially the genesis mining and i guess genesis mining is the one that operated more one year but i am not sure if they will be working or will provide their service for a lifetime .

You mean cloud mining website that is really a ponzi scammed website and there always a fool person who believing in this kind of scam site's if i were you i will learn more about trading there is the real profit not in mining. I will tell this "THERE WILL NO LEGIT INVESTMENT WEBSITE" best way to earn profit is trading.

I was also looking for some site where I can invest some amount look like Hashflare is doing good right now hope this could be do for some more time because I need this thanks for this link  :)

If I learned something on this forum was about cloud mining sites. They aren't a good investiment.
Please, don't waste your time and money on any cloud mining site, I already saw a lot of complains about here on forum. People think they can have passive income investing on this kind of site, but sooner or later the site run away and you lose your money.

if you don't want to lose what you already have then don't invest in cloudmining. it has ALWAYS been a bad way of investing bitcoin and this is not limited to these days or not even limited to scam sites, because it is a very small payment over a long period of time (lengthy ROI) and lots of fees to pay. and that is only if they are a legit business which is not true about 99.9% of the cases around that you see.

Cloud Mining site wont pay and they have never disappointed in that respect with the ones coming in new and those that have come and gone, they are all scam and they will continue to be. I will rather keep my funds somewhere else than to rely on cloud mining sites. Even those that have been in existence for quite a while, it will take forever to ROI

Rent your hashpower at Nicehash could be a option to get your mining power for the algos you want.

Aside from the fact whether the cloud mining site is legit or not, it's simply not worth the time and money you put in it. It's over with this industry. I am talking about Bitcoin related cloud mining to be clear.

Regarding scam cloud mining sites, they will continue to pay their customers (ahum... victims) as long as new users are signing up and start investing there.

As soon as the operators notice there is barely any new money flowing into their scam service, they will come up with all kinds of excuses (that they are hacked for example), and end up running with people's money.

There is some sites still paying but we cannot be sure how far it will survive. Find a minning site that gives a small %  but still dont put all your money into it. You can also try investing in gambling sites.

Although everyone is investing in there and just for reaching the payback of their first capital it's really hard for do that. The contract is just the way for scam through the soft ways. soft swings for binding the neck of everyone.

and even the majority are saying that the cloud mining services that they are telling has worked for so many and it could be trusted i am not still convinced a few months ago we have a longest running cloud mining service that has collapsed after a long year of working and many of the fake investment and cloud mining has gone scam because of that circumstances my interest for investing on a cloud mining has completely gone as well .

You  are right, better  to   invest  on  building  GPU rigs   because  its  less hassle  and   easy  to  use  without  any need of technical skills  and also  mining  rigs are  expensive especially when  you do  purchase on  s9  miners  it would cost you alot compare to  buy  GPU x5 which cost  less for sure. As he mentioned  zcash and etherium are good coins to mine  and also XMR. Never  intend to  put  your  money on  a cloudmining site  because  most  of them are  just  total scams.

Oh really?  S9 is the newest rig?  I think i miss something since i don't really unto the mining scene at this moment, and surely that would be a great mining hardware to mine alts, btc is not a good option at this moment and as i've see for now on wandering on this furom i really see many people go mines for XMR at ZCASH but i  don't know the exact figure on our profit we can get on selecting that coins to mine.

i think its better that you dont invest to online sites for mining
if you whant to mine its better that you buy hardware

I don't recommend to you any sites of cloud mining because  99% of them are scammers, I lost a high amount in Hashocean after The close!

Nowadays, I think the best site for cloud mining is genesis-mining.com .

Anyways Good luck if you want to invest in cloud mining sites.

Same here  i do  lost  huge amount on this  cloud  mining sites  like  hashocean. Same  as yours  i dont really   trust   cloudmining sites  after the hashocean  incident,  i  lost almost 10 btc on that   investment scheme  and didnt  reach  my ROI and  they ran away  before   halving  which  is really sad. I dont  really  recommend  to invest   on this   kind  of site anymore  no matter how good they are.

Wow, sorry for your loss... 10 BTCs is a really big amount. It's not really recommended to invest on this kind of site, principally big amounts of money. When they see a big deposit, they see the profit is good enough to close the scheme, go away and come back some time later to start again. HashOcean made a good profit scamming more than 700.000 investors. Unfortunelly nobody were arrested...

Hashflare, genesis, hashnest ans eobot. You should try these four bitcoin cloud mining sites. These four are trusted site which operating for a long time. But remember, investing in a cloud mining site are not that profitable. Maybe it may take a long time before you get your investments back. Its also risky because every cloudmining can collapse and turn into a scam anytime like what happen to hashocean. So be careful.

I am working on one - the idea is a hosting service that allows people to pay a fixed monthly fee and purchase their own miners, and have them shipped to a cost-efficient facilities and connected to the owners' own pool accounts that only they have access to, with dividends sent daily to thier own wallets. This model will reduce the risk of operators running ponzi schemes.

Sounds like existing mining pool services but you also will be selling miners ?
I strongly believe, we must need some new innovative ideas to have better mining industry. In recent times our admin, theymos came up with new mining idea like high mining power contracts but for possible short term. I guess many people must be already started working on that.

Well if you really want  to invest  on cloud mining  then  ill recommend  2 sites  which is  genesis and  hasflare this  2 sites  is  still  operating  but   idont  guarantee they  would  last long   because i dont  really have  trust  on this  investments   because ive been scammed  previously on these  kind  of schemes  thats  why  i dont  try  to  put   money  again  on this. Invest on  your  own  risk.

That two mentioned are on scene for so long time ago but actually its still not advisable for new investors since the profit is to low that they can imagine and pretty sure that they will pissed off for the little comeback of their investments,  thats the reason why i didn't try to look up for that kind if sites since i can really tell that they are on struggle since mining are not worth it business at this time.

one of the reasons why this type of sites are staying around for a long time is that they pay small amounts out (low profitability that you said yourself) it is a tactic they use to prolong their existence because every investor will be waiting forever for their ROI or in other words their initial investment back and then reach profit stage.

Advice: Keep a close eye on SinoHash.com (http://SinoHash.com).

Reasoning: After having spent years in the space, one thing that I observed that is often true is that new services tend to give users greater value because they lack brand recognition.

Disclaimer: I am the founder.

the only trusted and legit cloud mining website is https://www.genesis-mining.com/

Zcash contracts could be profitable

promo discount code of 3 % on all Hashpower packages: N6inMQ

that's true , he can buy a mining hardware he can be sure that it is really mining bitcoin for him but this is not actually profitable as well because i think that it will consume so much in electricity which can cause him a high electricity bill unless their country has a cheaper electricity not like in the other country .

there cloud mining websites that are paying but i am not saying that it will be going to continue on operating that website and we don't know if they are still paying at the day, week or month but usually cloud mining websites lasts only up more or less than 3 months i guess but i don't think the other websites. and I suppose you should not invest on this type of investment because as far as i know there are no legit cloud mining websites they are all scams ever since .

Honsetly almost all is not worth it to invest in cloudmining site it is not profitable and almost all cloud mining site are turning into scam in few day or weeks . just like ponzi or investment site so i think it is better to stay away and find other way to invest
I think you can try gambling investment site like betking less risk than ponzi.. also betking is already proven that are paying but i do not give assurance that that gambling casino will live too long in field of bitcoin..

The key is find a hosting service and always own the hardware. The securitized cloudmining is fertile land for ponzis cuz it is impossible for investors to verify that the hashrate they supposedly invested in is backed by real hardware miners rather than latecomers' initial investment.

The rule of thumb when it comes to mining is:

Mine yourself when you have access to lower-than average priced hardware and  lower-than average priced electricity.

Failing that, go find a reliable hoster that meets the aforementioned criterion.

There's some mining sites still open and we don't know if they plan to close some other day.a nd others give long time before you can have a ROI. if I were you why dont you try investing in some altcoin and do trading than cloud mining site. It's much profitable there if you know what coin is good for long term. And much safer coz you hold your money and play it by your own.

The largest legit cloud mining sites are:

Genesis Mining
Hashflare
Eobot
VIABTC
Hashnest
BW Mining
HAOBTC
Nicehash (Renting mining power)
Mining Rig Rentals (Renting mining power)
Minergate (Mine with your own computer CPU, GPU, Web, Cellphone mining)

You can read more about the companies at Allcloudminers.

Even though times are tough in mining, salaries are still high. Salaries as a whole in mining are good, obviously depending on the factors such as region, the size of the company, qualification and the amount of experience. I know there are some mining sites still available but i dont really know what the best mining site do paying. But for me, i should maybe do some investing and trading as well.

They are what so called legit but surely they are not truly profitable since halving is occuring every 4 years and that makes the mining difficulty go harder and harder to catch. Aswell as genisis mining and eobot got so many bad claims that we should really need to look for, and for me eventhough people would say they are legit but still i would not go for them if i want to find some profitable place to generate some profits.

I can say "NONE" even they are paying now. After some times they will stop, close the website and turn into a scam website. Please don't invest any BTC in any mining site. Not even a single satoshi. U can earn Bitcoin by faucet, trading or other stuff. NOT IN MINING SITE. Hope u understand.

I do not agree:
Even if my u2cloudmining site will close,the members have made profit because all is for free...
The specificity of my u2 system is that it is a faucet,investment,trading all on one.

The system has many detractors,but so far detractors have not done better or even proposed better...
The day a better systel will exist...all winspiral's members will go there...unfortunately such system does not exist yet...

it is easier to denigre than doing or proposing better.

Are you kidding? Even your cloud mining will close still your members will still get profit from it? How come that is true when your site is already closed and you don't have other source of income but by getting investors who you will fool just to give you their bitcoins and that's what you called profit in your way.

It's there you do not understand:
My u2 system does not need new investors...Old ones  are enoiugh...if only old ones they will get all profit alone.
My site has enough detractors  ouppsss visitors (lol) to make enough profit.

Why run a cloudmining site with miners if it is more profitable to run without miners?

What about are my members interested?
They are interested in fun and profit for free....
You can misslead people here,but you can not convert my members who are making profit...
And...BZW...how can they give me bitcoins if I'm the only one who gives bitcoins?

sadly to say there are no legit cloud mining to invest, maybe the sites is paying now but it wont be for a long time, it is better to just keep your money or invest in other place, there is no single success story that i heard from investing in cloud mining

You shuld not be asking what sites are paying but rather what sites are paying till the end, they all "paying" but for how long is the question. Do they honour their contract ? I think you will be better off learning about altcoins and giving that a go rather then risking it cloud mining.

CloudMining are ponzi.I Just can tell you keep away from CloudMining.I was try cex.io well known site but lose my investment.you try mine with   AntMiner 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.you can try the real rig mining thats my suggestion :)

All cloudmining sites are not ponzi
I know it because u2cloudmining is not a ponzi...

you say u2cloudmining not ponzy and real mining
because you owner and founder u2cloudmining

all people can't judge not ponzy before can see, real see not only picture and video, this site is real mining

you say something i have not said:

My u2cloudmining is not a ponzi and does not mine (lol)
This is the specificity of my cloudmining site.
I mined at the start of the site...it's why I have asked for investors.
The site has fortunately incomes from advertisment and unfortunately not from mining.
Then I stoped mining and sold the miner.
Now ALL real investors have been paid back with profit.
Now the site keeps up working with advertising profit and without miner.

Perhaps a day I will mine again if the situation allows it.

All my many replies here on this forum are because I can not accept that all cloudmining site are taken as scam and ponzi shemes.
All my members are owners (shareholders) of my U2cloudmining site.
To become a member it is for free (ok it cost time) but noboddy is forced to become a member.
But once again...i can not accept that people here say that cloudmining sites in general are scam sites.
This hurts me.
This is as well an attack against the shareholders of my U2cloudmining because if scam is...then they are scammers too.

My u2cloudmining system is now in fact a virtual miner.
We can say that the site "mines" daily 21000 satoshi.
My members share the 21000 satoshi through the claims,bonuses,shares,vipshares,capshares,comshares and ubonds.