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Title: How can a newbie identify a valid mining contract service? Post by: Payment21 on February 01, 2017, 12:01:21 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes.
Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? Title: Re: How can a newbie identify a valid mining contract service? Post by: ranochigo on February 01, 2017, 12:15:14 PM My advice: Don't invest in them.
Most of the legit ones can be verified with the mined blocks bearing their name. This would prove the existence of the hashrate and nothing else. Even though this can prevent most ponzi scams, nothing would stop the owner from running away with the funds and equipment. Most of them will not ROI if you factor in the hardware cost anyway. Title: Re: How can a newbie identify a valid mining contract service? Post by: Raimonn on February 02, 2017, 01:30:24 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes. Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? First rule, if its too good to be true, don't invest they will run out with the money. Second one, if they ask to introduce other users and they promise you to earn lots of money, in this case its a Ponzi scheme. On both cases you will loose your time and your money. Title: Re: How can a newbie identify a valid mining contract service? Post by: philipma1957 on February 03, 2017, 06:08:24 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes. Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? Sure follow a simple set of rules below.. bitmain is king of gear. bitmain offers hashnest using the hashnest cloud mining service yields small profits Since bitmain is king of gear and bitmain's cloud service yields small profit any other service offering better profit is most likely a thief. link to hashnest is here https://www.hashnest.com/ I have around 1.1btc there in a mining contract Title: Re: How can a newbie identify a valid mining contract service? Post by: leowonderful on February 03, 2017, 09:20:24 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes. Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? Sure follow a simple set of rules below.. bitmain is king of gear. bitmain offers hashnest using the hashnest cloud mining service yields small profits Since bitmain is king of gear and bitmain's cloud service yields small profit any other service offering better profit is most likely a thief. link to hashnest is here https://www.hashnest.com/ I have around 1.1btc there in a mining contract Title: Re: How can a newbie identify a valid mining contract service? Post by: philipma1957 on February 03, 2017, 10:11:38 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes. Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? Sure follow a simple set of rules below.. bitmain is king of gear. bitmain offers hashnest using the hashnest cloud mining service yields small profits Since bitmain is king of gear and bitmain's cloud service yields small profit any other service offering better profit is most likely a thief. link to hashnest is here https://www.hashnest.com/ I have around 1.1btc there in a mining contract yeah you can still bounce between the s7 and s9. right now I have 467gh in s9 all profit. I have 1 contract with them for 1 btc which is now 1.031 btc. basically I turned 1 btc into 1.105 btc since nov 15th and the price of btc went from 750 usd to 1020 usd. Title: Re: How can a newbie identify a valid mining contract service? Post by: leowonderful on February 04, 2017, 10:34:28 PM There is an explosion of individuals and companies claiming to offer cloud/pool mining contracts. Some of them have embarked on very aggressive marketing campaigns. They are holding meetings in cities around the world where they promise huge returns, especially if you introduce more people to the schemes. Seasoned bitcoin enthusiasts can smell a scam a mile away. But for people hearing about bitcoin for the first time, it is a challenge. Is there something the community can do about this? Sure follow a simple set of rules below.. bitmain is king of gear. bitmain offers hashnest using the hashnest cloud mining service yields small profits Since bitmain is king of gear and bitmain's cloud service yields small profit any other service offering better profit is most likely a thief. link to hashnest is here https://www.hashnest.com/ I have around 1.1btc there in a mining contract yeah you can still bounce between the s7 and s9. right now I have 467gh in s9 all profit. I have 1 contract with them for 1 btc which is now 1.031 btc. basically I turned 1 btc into 1.105 btc since nov 15th and the price of btc went from 750 usd to 1020 usd. |