Bitcoin Forum

I've heard before of cloud mining and by the time i want to invest/buy contracts in genesismining (seems to me genesis mining is the best cloud mining there is) it turned out nothing appears but ethereum and monero contracts, are they out of stocks? why is it happening? and what other cloud mining can you suggest?

Genesis Mining is a poor choice because of high daily fees. You will never recover your investment. The only cloud mining at this time with decent low daily fees is at pool.viabtc.com and they are out of stock. Get on their mailing list so you are notified when new hash is ready to sell, it will go quickly. pool.bitcoin.com is runner up but their fees are higher than ViaBTC. Go with the lower fees.

I guess I didnt make a really good research about cloud mining... Appreciate the suggestion I'll definitely check it out. Have this happened before too? Having out of contracts and is this because of bitcoin price shooting up?

stay AWAY from cloud mining. you will regret it.
first thing that you will encounter in cloud mining is all the scams that every one of them are pulling. some of them are fully Ponzi scams and some are pulling some smaller scams behind the scene without you noticing.
secondly even if you by any chance found a place that wasn't 100% scam, you will still have issues with ROI. the amount of different types of fee they deduct from you is absurd. it would become like a faucet that pays you drops each day.

Cloud mining contracts are completely different that ethereum smart contracts.
There`s no such thing as a "Bitcoin contract".I guess that you are a complete newbie here and you have to research and learn more,before you start investing into cryptocurrencies.
Why do you think genesis mining is the best cloud mining?Did you read some customer reviews?
Most of the online reviews are fake.

you need to ask genesismining support why they have finished their other contracts and only have altcoins ones.
but it is possible that they were offering limited amount and because of bitcoin price rising and possibly people wanting to "mine and earn" they bought all of them before you get there. but altcoins have less interest, specially ethereum that is switching to PoS and killing mining.

I am actually very lucky with Cloud Mining. I earned about 6 monero within the first 3 months of the contract. The price of monero tripled! It basically paid for 60% of the contract with 21 months to go on the contract. Very lucky. So I wouldn't say it was all bad.

Cloud mining is a scam I also think. One should keep in mind that by investing such things they must be very careful otherwise they will sink all their investment. Bitcoin contracts will be available on high interest of the people and the people will interest only the faithful things, so I think that bitcoin controllers should work on it and they will find more and more contracts of bitcoin. Otherwise they will face hurdles on finding new contracts.

Dont go cloud mining..sure you can try it out for a small summ just for the lolz.. but I would advice against investing large amounts into it. ROI is terrible, rewards goes down almost daily etc..

Better to invest in hardware to mine yourself or buy bitcoins or altcoins directly and hope they moon :)

you need to ask genesismining support why they have finished their other contracts and only have altcoins ones.Dont go cloud mining..sure you can try it out for a small summ just for the lolz.. but I would advice against investing large amounts into it. ROI is terrible, rewards goes down almost daily etc..

In reality cliudmining system are totally scam things whatever they give the contract . In actual mining is not a profitable thing for the most of the countries so how is this possible that you can make profit .
Since mining is profitable in few countries like China but if they will give profit to you that what they will make for their own profit .
Keep in your kind that if the mining site is legimate then I don't think it will be easily for you to return of your investment in one year because profit will be very small .
In my opinion the best mining site contract is viabtc.com but surely that will not give profit for you as you can expect .

Bitcoin's platform doesn't support smart contracts.

Vitalik Buterin approached the bitcoin core team back in 2013 with his idea, and they rejected him, so he created Ethereum for his smart contracts idea.

All smart contracts are either on the Ethereum network, or on Bitshares, Waves and a few others.

dont use contract mining. i suggest you buy mining from bitmain.com. if you use contract mining there are so many rules on their contract. so far i know only newbe people use contract mining because you dont know if their company was legit. if you have your miner you can mining altcoin what you want depent on your miner..