Bitcoin Forum

Hi guys,
Please share your opinion on best cloud mining to invest money. I studied about Genesis mining and Ganbitcoin. I invested in Gainbitcoin and now receiving payouts.
Please share your opinion on reliability of these services and which one your prefer and why?

References:
Genesis Mining:      http://coinfunda.com/genesis-mining-review/ (http://coinfunda.com/genesis-mining-review/)
Gainbitcoin Mining: http://coinfunda.com/start-bitcoin-mining-with-gainbitcoin/ (http://coinfunda.com/start-bitcoin-mining-with-gainbitcoin/)

No cloudmining best to invest in, this review is better than your link. http://themerkle.com/genesis-mining-review/ But you must know if cloudmining site will never bring benefits. It seems to try exchanging your bitcoin to another bitcoin with reduced fees became your responsibility for using their service.


Why is not just trying to keep your bitcoin or buy bitcoin with your money and save them to your wallet and waiting for the price increase?

This GainBitcoin.com is similar to Genesis Mining site, looks they tried to copy some aspects. It's not a popular site and the testimonials are very fake... I really don't know if this site is legit, don't know the ROI time, but it doesn't worth anyway. Genesis Mining is one of the worse sites to invest Bitcoins and it won't be different with this GainBitcoin.com.

Looks you are trying to get some referrals with your links connected to your site, it's legit, nothing against it, but you should promote better investments and opportunities, because cloud mining doesn't worth, nobody should invest on it.

In my opinions the best cloud mining service is hashnest, it can be trusted because
they are really mining their hardware miners be supported by bitmain
but although they can be trusted doesn't mean cloud mining is profitable
because the difficulty of bitcoin is increasing, so you must check before investing on cloud mining.

Best cloud mining to invest- NONE as of yet and I am sure there will be NONE for quite some time to come.

Reason: Simple logic , why should anyone give you profit from any activity (in this case mining) when this person can keep the profit itself.

To mine profitable nowadays is very difficult , you need to be in a country with very cheap almost free price of electricity and make some decent investment, buying some S9 or building GPU-rigs to mine altcoin. Now if this activity is profitable for me, why should I share it with you ?

Stay away from any website that includes the word "Cloud mining"

hashlflare and genesis-mining is leading cloud mining service
because is old cloud mining and still paid, but iam not understand in there real mining or not, ussualy cloud mining is over one year old is not good
iam afraid join because can same accident another cloud minig sevice same pbmining, hashocean, hashprofit, zeminer and more

I understand​ that what types of problem you are facing , Because in the starting when I entered in the bitcoin then I lost much amount of bitcoin in Ponzi scheme .
At that time the best famous and real paying site for the cloud mining site was hashocean but after year the site ran away after a big scam .
So here I concluded that all the mining system and schemes for the cloudmining are scam only .
I will suggest you to not to again Invest in any cloudmining site .
Instead of mining Investment  try trading of bitcoin and altcoin .

I think it just for bringing the visitors into your website.

You can stick to Genesis-mining but you will be suffered with long ROI to pass and low earning everyday because halving on last year.
Once again, you shouldn't invest in cloud mining because cloud mining's era are dead.

A big NO to cloud mining mate, don't do it. You'll find hundreds and thousands of people who got scammed already by the so called cloud mining services, and the ones that are up, its just a matter of time before they leave with all of your investment too, they are just waiting for the peak moment.
So from a guy who has lost some funds already in cloud mining, don't do it.

You should never invest in cloud mining as it is 100% scam, because either you will earn a tiny return on your investment, not even worth the transaction cost, or you will be scamed and loose your money.
Be smarter please.

Why should i rent you ASICS and promise that you will have a return on investment while i could just use them myself to mine ? it is not logical  at all and most of them closes down pretending a hack an steal everyone's money.

stay away from these, learn coding, and try to work for bitcoin.

Like what they said don't trust cloud mining sites even there is a good review for them and ay first they are really payinh just to prove  themselves. Cloud mining sites are all scam they are good at first

What is cloud mining? it's something that happens in the clouds and it could turn into rain and fall to the ground, it's even worse than pool mining where you find a block but never get the full reward.
However if you invest $500 every day in GM or HN you could receive some profits after 6 months or so and you'll need to keep investing only if you understand how does bitcoin mining or crypto currency mining works, miners are constantly competing with each other and will have to increase their hash rate to stay in the competition.
They are not in profit all the time at all unlike many people believe, those miners from 2 years ago if kept their mined coins now are in great profit and today's miners will also have a fat profit 2 years from now, it's a very risky investment.

Moreover, cloud mining companies eliminate their risks by putting/ investing people's money in the circulation/ project/ mining farm and take their extra cut in the process.

Genesis mining is quite known and looks legit but not profitable.

Ganbitcoin  ::) What the hell is that, just heard about them today and when i checked their site they are just bullshit. Don't invest with them they don't have any mining rigs, there are no any proofs.

In overall cloud mining sites are just ponzi and you can't make profit with them with increasing mining difficulty.

Genesis mining seems to be more popular than that gainbitcoin but still I don't trust them or any of cloud mining site. All of them have the chance to collapse anytime. And with my vocabulary, there's no such cloud mining considered as "best" cloud mining. All of them are scam, it's better not to get into it or you'll suffer and regret.

I haven't personally tried both of these services you mentioned but genesis mining is more popular and well known than the later atleast that is based on my perspective.  I'm not encouraging you to invest in such tho even they may be a legit cloud mining. It really is not that profitable anymore to put your money in it. If you want to gain profit try learning how to trade altcoins. There is a less risk and a higher profit in it compared to risking your money in a cloud mining service.

cloud mining are mostly scams or ponzi scheme.
i suggest you to read this thread to understand better what i mean..
https://bitcointalk.org/index.php?topic=878387.0

i don't know if OP is updated.. but it has new post every day.

Yes true, 2016 is the most cloud mining scam, about a year ago I've lost about 10 btc while prices still around $240. I'm very regret to join and invested to scam cloud mining, if I hold and I sell it now of course I get a lot of profit.

Am not so much into cloud mining maybe because of how long it takes to make any noticeable profits

but i bought some miner hash for the sake of it which i use on https://pow8.com and so far no problems whatsoever and my withdraws are processed in good time

maybe a good alternative to invest in.

if you will listen to every comments here you will notice that there's no positive feedback regarding to cloud mining as we knew that its no longer profitable and the days of cheap btc was gone you can stay with genesis if you really wants to try but better to assess carefully and review everything.

Well no doubt that OP is going to believe or easily believed with cloud mining and wants to get our suggestion about them.

Look at his rank, he is a newbie. Certainly most of us while we are new in bitcoin, we experienced to be fooled by those scam sites.

And this is the first time I have read about that new cloud mining and it looks like I did a great job for myself to abandon everything related to cloud mining.

For OP, just believe what everyone is saying here, stay away from both of it and for the rest that has the same scheme.

Are you here just to promote this scam   ???
They even don't have any contact number and their location is not a real one.

To mine bitcoin they need mining farms not a datacenter like they have in this page https://gainbitcoin.com/data-centers.php  ;D

lol.. amateur  ::)

The site isnt even functional.
I'm 100% sure this is a self promotion thread from a noob who thinks he's going to earn 15k BTC on a cloud mining scam.

So tell me. how do you expect users to sign up if its not possible without a referral?

And just because you use clouflare, it doesnt mean youre hidden ;)

Definitely they will give you payout.  But just observe on how much you will receive in the long run.  There is a tendency of receiving lesser and lesser payout with the same amount of hashes due to the influx of users and the reward never increase.  I am not saying that they are scam or whatever but I do not think that cloudmining today will give us a good amount of earning.

Best cloud mining ? OK I have a question
If this clod mining really have hardware miners why they can't use them for them self ? They can mine lot of bitcoin and sell it in the market right ?
Why they are selling to us contracts ? And you will never got your RIO or your money invested return

You can start your own cloud mining buy antminer S7 or S9 and mine bitcoin from your home instead give your money to ponzi cloud mining

Before investing at that area you should try to ask yourself first that.

1. Is it worth for me to invest on them?
2. Does it gaves me the ROI i want?
3. Does this cloudmining site doesn't scam me?
4. Do they have good feedback on community?
5. Who are the people behind them?
6. Are they legit?

And whatsoever question that you need to ask for yourself that can make you think of your own safety be vigilant men scammers are hiding on that program and don't ever try to invest without having a proper information about them.

No I don't think there are best cloud mining to invest since almost all of the cloud mining sites are SCAMS. They are PONZI's that just circulates the money of the investors and when it runs out, they will disappear just like what HASH OCEAN did. I suggest if you want a passive investment, just settle with Bitcoin Casino Gambling Site. They offer 1% return monthly, not a big profit but a safe investment. Just need to spot the legitimate website to invest with.

Investing in a cloud mining website is just a waste of money. Will not guarantee a profit or may not even get your capital at all.

1 - NO.
2 - NO.
3 - Eventually it will.
4 - Good feedback doesn't say anything. Scam or initially legit, people will give good feedback as long as they get paid.
5 - Also doesn't say anything.
6 - Also doesn't say anything. Even legit started cloud mining services will end up closing their doors. It's either them running away, or simply closing their service due to it not being profitable anymore. If that's in their TOS then you are basically scammed, but in a "legitimate" way.

Only negative aspects.

new account obviously advertising his own website, where they only offer cloudmining scams and other ponzi schemes.

Cheapest cloudmining service?
Well, I think I would start from that every cloudmining site should be considered as scam/ponzi in the moment you see it.
As the history has shown us, most of the websites offering good payouts from cloudmining or different kind of financing (HYIP) has ran away with money of their customers.

So, you say that avalon-life.com has access solar and geothermic energy supply right?
Can you show me the photos or the proofs that they really say the truth?

Isn't saying that I have many solar panels and a lot of mining rigs great way to make a ponzi site?
You just offer people buying fake "shares" at your website, for getting weekly payout lifetime- after all, you have unlimited energy so you can mine bitcoins till the end of the world right?

Grow up, HYIP/Cloudmining = scam, not an opportunity to invest.

Many people are still investing in many cloud scamming.. there are no legit cloud mining now a days ..much better you do if you want to mine altcoins.. you can try to find a cheap VPS that you can start a altcoin mining like minergate and nicehash.. i am doing this monthly and its good because its autopilot and i just scaling them up.. to make more profit..

Hmm, I am not so happy about this thread. I came here to find out more about Genesis
before I invest, but all I read here is "Cloudmining is scam, you can never make profit".

So, this is bull$hit. Seriously. I personally ROIed and made good profits with cloud mining
(I used Megamine, but see the * below). So I do know from personal experience that those people
who say "Cloud mining can never be profitable" just don't know what they are talking about. Probably
you guys have good intentions, trying to safe others from losses. But I'd prefer if you would say
"I didn't do the maths for all providers at all points in time, but I have the impression that..".
But, no, you guys say plain and straight "You can not ROI with cloud mining. period." as if you were geniuses
and can predict the future. That really sucks.


---------------------------
* Disclaimer: Just to be clear: I made profits with Megamine.com, but I started years ago and
this turned out to be very profitable in the end. However, I don't think the more recent offerings
at megamine are competitive. You are 2 years too late to make profits with megamine. Again: Don't
invest in megamine. (I want to be very clear that I do not make advertisements for
any cloud miner. My post is purely informational.)

This is quite a red flag, without any contact number .  I would avoid investing in this cloudmining because it is obvious.  It is impossible to sell hashes without the source of that hash, and this shows that there is a chance that this company is just running a ponzi scheme.  Possibly, payouts coming from the new investors that buy hashes.

Genesis is a legit company but it takes at least 400 days to make profits although if you are interested 99bitcoin have released an article talking about this company, check it out yourself.
https://99bitcoins.com/genesis-cloud-mining-review-scam-legit-investment/

Thanks for your reply. Its not only about getting referrals. I invested tiny amount in Gainbitcoin. Before investing more I thought its better to have expert opinion.

In your opinion guys does it really profitable to invest in cloud mining sites? if its that so can you please elaborate to me your feed backs and what are your opinions why do you like to invest in cloud mining. In my own way of thinking, this method could cost you big and i didn't see any trace that you could earn more than you have invested. In the other hand, in order for you to have good ROI or whatsoever you need to invest big amounts for the maintenance and for your own farming PC which is also i hesitate to try mining.

Cloudmining is 100% waste of your money. Especially Genesis Mining.

Just DO NOT let them take your money and give you next to nothing in return. This comes from someone who s been in crypto for years.

Try PoS coins instead, there re several interesting and profitable ones. As you can see from my signature, my preferable one is DMD Diamond, that coin s brought me profits and only profits.
No referral link there, just an honest advice.

Most of the people are not waiting for many days to get their investment but most of the cloud mining website went into scam with in days of launching. Still, genesis mining is paying but taking lot of time for the investors.

Their are sites who turned scam for just even one day that's why we cannot even trust them up for even single cents thats why we should stop to look for cloudmining investment since they are all fake ones. And including genisis mining will be lined on them since that cloudmining platform still doesn't guarantee us anything and their ROI is so hard to reach.

I am surprised if cloud mining should invest, this is very worrying.
I did not get any with cloud mining, just wasting time.
you should be careful and look for free cloud mining, but pay. ;D

Investing to those cloud mining site is really a waste of time and money, all of those sites may scammed you every time you invest with them. Don't be fooled of their good and attractive platforms that says they give you back all of your investment with a good interest with a guarantee. It's more preferable to invest with ICO's because it contain many trustees than in cloud mining that is definitely different.

I don't believe any cloud mining site they all run at the end when they have enough amount of money for them. So, do not invest in any cloud mining site.

not all cloud mining sites are scams
and people keep saying everything is scam without any proof