Bitcoin Forum

Hello,
I would like to know a bit about the universally appreciated Cloudmining / Bitmining.
Since the Bitcoin is getting more and more popular, I would like to be part of it.
I have already looked at a few pages, but are mostly from the beginning large deposits of need, so it seems at least according to what you can read so.
Are there websites http://rico1990.000webhostapp.com/#home (http://rico1990.000webhostapp.com/#home) where you can shop for small money?
I do not want directly the big money, would be synonymous unrealistic. However, it would be nice perhaps to generate € 1-5 a day, (in BTC of course). Can someone tell me where there is such a thing?

Greetings rico1990

OP, Bitcoin is not an investment in Cloud mining, but just one of the scams going around. If you want to buy Bitcoin, you should signup with a

local Bitcoin exchange or even buy directly from people in your area. {localbitcoin.com} These Cloud mining sites are all Ponzi schemes and most

of the time, people lose a lot of money with them.  >:(

Bitcoin Mining with simple computer/laptop is not possible this days so you can't generate them for free.

All cloudmining sites ask for investment and you can't get any profit from them for several years.

Don't get lured by any software which claims to give you free bitcoin to just run them, most of them will be malwares or ransomeware.

You have to either offer your services to bitcoin users for bitcoins or you have to buy few bitcoins directly from exchange platforms.

You can't get bitcoin for free.

Do you mean about cloudmining? Genesis/Hashnest?

Better to spend your money to build or buy your asic miner and that will be a recommended thing rather than put your money on the cloudmining. With a guarantee, you can sell back your asic to the someone else.

I think this time is very rare genuine mining cloud. almost all are scam and not reliable. if true then the benefits of cloud mining will certainly be less than when mining with hardware. I would recommend to do mining hardware. because with it you can get full access to your investment.

To give a less confusing statement on cloud mining:

Cloud mining is when you pay a company to run specialised machines called ASICs for you, generating as much Bitcoin as they are able to by verifying transactions on the network.  Typically this will not result in a profit as the maintenance costs and the profit which the cloud mining service tries to get outweighs the potential benefit.

Most websites which claim to be cloud mining, however, actually are not running the machines that you paid for.  Instead, they pay the earlier investors with money from the later ones in what's called a Ponzi scheme, and they then run away with as much money as they can get as soon as people think they're giving payments.

This site, however, is not like those Ponzi schemes - it's a virus as it's suggesting running software on your PC, which is no longer capable of generating Bitcoin as you need the aforementioned specialised machines (ASICs).  CPU mining on a normal computer would only earn a few cents per year.  You need to stay well away from the site, and if you've already downloaded anything from there make sure to run virus checks on your PC and do whatever you can to get rid of it.

Also, don't confuse cloud mining with putting an investment into Bitcoin.  Cloud mining is only a very, very small part of Bitcoin and is just something that Bitcoin can be used for.

Or, like some companies (Genesis Mining comes to mind) they use your money to buy more hardware for themselves and then slowly pay you back. This ends up in you giving them a 0% loan to buy their hardware.

I agree with others, it's best to stay away from cloud mining because it's too risky. Even if they won't steal your money and you get some profit it will be very small and you'll have to wait a very long time for it (usually over a year). Not worth the effort and not worth the risk.

I don't know who appreciate cloud mining, but there are not many people like that anymore. Why? Because it is not good.
Don't be hasty, cloud mining is not something awesome. You will do much better without wasting your time to find legit offer.

I don't know where you looked, but there are small contract available from Genesis mining - $30. Still not worth it.

https://www.genesis-mining.com/pricing
 (https://www.genesis-mining.com/pricing)