Bitcoin Forum

i just heard the scams done to some peps
i am thinking to invest a bit in ckminer.com
is it ponzi system site?
should i invest in it?  :-\
and please drop some legit cloud mining sites below

Lets put this simply. Don't cloud mine. From what ive read contracts rarely stay profitable for long given the current difficulty hikes.

Any site that offers you a "mining calculator" is a ponzi scheme or an outright scam that will not pay from day 1.

Why? Because any site that offers you a stable and risk free way of investing, it just won't happen. Mining difficulty goes up a ton each month, how are they going to guarantee the payouts if they are really mining?

Legit cloud mining sites are just outright unprofitable because of the fees they charge.

As xypos said, cloud mining now is simply not worth it now even with legit ones it will take you at least a year to get a roi.

Don't rely on passive incomes and worked hard to earn bitcoin. A truly legit cloudmining site has a longer ROI which is expected because of the increasing mining difficulty and rewards. How much can you afford to invest? Even a BTC1 investment in a legit cloudming site will not take you for a long term profit.

Don't believe in those cloudming sites that offers shorter time of ROI. Stay away from the site you mentioned as a friendly reminder.

Let me explain you what sites like ckminer do. They will say you need to invest whatever and you will hit ROI after X months. They will start paying you from your own funds you invested in them. Most likely income ist that few other guys are going to invest as well because you told them that they are paying you and when they get enough money they will run away with it :)

Indeed, or when the redraws become to great to payout the site will disappear.

Unless you are planning to build something like the bitcoin mine pictured below you are very late in the mining game.
http://www.extremetech.com/wp-content/uploads/2014/06/ASIC-Mining-640x353.jpg

It was newly lised in one of the bad sites at badbitcoin.org @ 12/29/2016. There is no way a certain ponzi site will be listed there without any kinds of reason. We have no proof at the moment but it's wiser to be cautious. It's an obvious ponzi in my own view.

There are still legit cloudmining sites but Im saying it will not worth your time and wait. Better find other ways to earn bitcoin which will worth your time and effort.

This should be obvious, though. If I could earn $100 off an item, why would I tell you "hmm, I'll manage it, host it, etc. and I'll just make you pay me $90. I mean, you'll get $100 for it while I do ALL the work, but I'll still do that." It makes no sense.

Don't agree with you. Single antminer s9 will roi in few months. With BTC price increasing even small miners now are making great profit. For how long it will last idk but it's also great time for scam websites to advertise too

hi first of all let me tell you cloud mining = scam. From genesis mining to hashocean all are scam. Why , well if you see hashocean was online for 2 years and they provided how much return u will get for sure that's doesn't make sense coz mining won't be safe always. Second as we all know genesis mining shows video of they so called computer blah blah. Well even they are scammers why coz they cancel ur contract automatically after  few months saying cost is more than return. I would recommend just stay away from any cloud mining most of them are scams

Read this post... (https://bitcointalk.org/index.php?topic=1733064.msg17341222#msg17341222). It doesn't matter even if they HADN'T shut down yet, you will NOT recoup your money. It's just not going to happen. If it were even a possibility, they would be the stupidest businessmen on earth, purposely throwing away money instead of profiting.

Well, the idea of most cloud mining websites is to bring some confusion, creating hidden fees and making users think that they will receive unrealistic gains.

Not all cloud mining are scams, of course. Hashnest, for example, has an interface with a better level of transparency, and there is a hashpower market, where you can sell hashpower if you realize that it will not make profit. The problem is that the price of hashpower may fall before you sell it, especially when investors realize that there will be an increase in the mining difficulty, because there is a maintenance fee, and this fee (in dollars) remains the same, regardless of price variations or increases in mining difficulties.

Hashnest.com here is the only legit one in my view, and if you go there and buy some GHS you will see that you will make no profit in the long run. Hashnest is backed by bitmain the producer of the Antminer S9 so if you cannot make any profit with them how do you think will make profit with others ?

All others who promises profit in this area are pure scams. Stay away.

There re other, more profitable ways to make money in crypto, apart from investing into very risky cloud mining.

Most of them do require some form of investment but re much safer and more profitable.

Do not invest into something you do not understand and is very risky.

Even i was same like you when i started my journey with bitcoin, as investor every one will have same thought but after learning and seeing many post by the experts investing money into cloud mining is bad choice because you are giving control to others. Every cloud mining company will say that they will some % on daily basis, they will pay to you until they have money after that they will disappear.

Also things like maintenance and the fact that you don't know how long the hardware will last. It could last days, weeks, months, or years. All of these are extra unknown variables that can increase risk.

Everyone has warned you here about the true nature of cloud mining. And the best thing to do is just remove your interest in cloud mining and focus on some other types of investments that are going to give you true too be good return after you will invest. Try to study alt coin trading and as well as investing in bankroll casino's, they're both good.

Is most likely you want to promote this site here using newbie account than asking for suggestions from other members here. I've never here about this site it's new from me and I do not have plan to visit or to try it. find other source than invest in cloud mining site thats the only suggestion I can give.

You must know, all cloud mining majority only ponzy site
ponzy scheme, you don't know in cloud minig site real mining or not
because you can't see is hadware in use cloud mining, you only see picture or video, not real

Yes, because they do not have mining equipment.


No, you should not invest in this site hyip, because it will steal your bitcoins.


Many people have said that, but I will repeat... invest in legitmos cloud mining sites, there are disadvantages, it will take you a lot of time to get the ROI depending on the contract you have with the mining company


+1

You guys are all correct. I have just started dissuading new users from mining because it is a complicated way to get into bitcoin that is unprofitable for most. A lot of people look back and wish they had just bought some bitcoin.
But hey, if someone wants to do it anyway more power to them. They may learn a lot by mining and could even be profitable. 

yeah it could be profitable if they have a lot of knowledge about it and also if there energy cost in their country is so low, but i don't think mining would be profitable in high paying countries like asia, not unless if they used solar power mining that can give them cheap energy cost but i dont know about the maintenance cost about this thing, or much better to seek those who is profitable alts to mine and learn more about the info about it.

Most of the cloud mining sites are just hyip/scam/ponzi.

Don't invest in that ckminer they look shady no any picture of their mining farms and also their claimed ROI seems unrealistic with bitcoin mining.

Looks more like ponzi, running as just hyip.

No never invest a penny in them, and better not to invest in any other cloud mining programs.

There are no any legit/profitable cloud mining sites.

The cloud mining site dont even have a single miner! They never existed. It is the same as a HYIP the only difference is their "story" for how they get their money is based on mining. They have to say something they can't just say give us your money they need something to show for it.

Some people are atracted with cloud mining for many reasons (local high electricity cost, hardware general difficulties, etc). Also, for example, many people like this business but they feel bad to spend hundreds of dollars and lose fast, so, companies with this promotion (cloud) normally uses (like our buddy said) a calculation of ROI, and particularly, I think it's bullshit, EVERY cloud mining is  scam.

From
http://hyipkings.com/details-2400.html

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https://www.genesis-mining.com/ the only one cloudming site that i would trust.

discount code of 3 % on all Hashpower packages: N6inMQ

in nowdays I wouldnt trust new cloud mining site they just a ponzi, only a few is legit