Bitcoin Forum

I've heard about cloud mining where you can buy contract and mine any currency (scrypt based specially) using any pools.
And can also switch the coin as you want. Please suggest the best among such service.

Don't invest in cloud mining. You won't get anything out of it.
It's been thousands and thousands of times. Cloud Mining is NOT legit. Just tell me why would anyone rent his miners if he can earn more money mining for himself ?

All the cloud mining services ask you to pay for long term mining and tell you absolute lies. And you will never reach ROI.
I tried using such cloud mining in the past like  miningrigrentals a few times and I never even got my capital back.

If you want to do mining, invest in some graphics cards, or some antminers, or some asicminers. That's it. Cloud mining services has always been very shady, mostly just disappearing instantly without a trace. The best cloud mining service I know personally is GenesisMining. Though I'm not saying it's profitable, as you can end up in a loss. I still wouldn't go for it as they can also pull off the same scam exits like the past famous cloud mining services like hashocean.

right now cloud mining legit is selective .. like genesis mining , hasflare bitcoin.com .. but after hasflare change there terms right now good is genesis mining . but things are you cant add your own custom pool ..they have there pool list like 2-3 and you have to select out of it ..this has in hashflare but in genesis they don't have option to switch pool as they use there own pool or user other pol which is profitable and provide bets coins per hash

I suggest that don't believe that rumors, you can earn there but it's so low. The time that your going to wait for your returns there is better if you will invest it to some exchange. And those contracts aren't realistic you'll get tired on waiting the day that you can get your ROI. Why there's a lot of newbies here asking about CM's these days.

I don't usually recommend the cloud mining but with increasing craze now a days more scam sites are started getting shape in the ponzi world.


However you can hope to get some returns/profits from the genesis mining and hashflare. The later one is in ambiguity currently and it is a sister site of old mining site which has gone dead but hashflare is somehow still on with limited contracts to invest.


Genesis mining has also gone into ambiguous nature but it is not completely dead yet and still paying to people who invest lots of money into hash rates.


The earnings are how ever very very stretched and you have to invest lot of time getting your profits back. Unfortunately nobody can predict the future of cloud mining as the more is the time passing the more risk you are getting.

stop looking for cloudmining and you sleep better at nights :)
as other said most of them are Ponzi schemes and investing in these means you should kiss your bitcoins goodbye because they won't pay you back and they will run away with it.
and the rest like Genesis mining which are barely legit, are never profitable. your ROI is terrible and the fees you end up paying eats through your profit easily and fast.

if you are a fan of mining then start doing it yourself. you can buy miners or you can buy GPU and mine altcoins. it is so much better than cloudmining if you have cheap electricity.

I have only heard of two cloud mining services that offer this: Genesis mining(which offers you the ability to mine multiple coins, as long as you have hashing power of that algorithm and hashflare(which you can choose the pools as well).

If you really wanted to buy a contract which i'm strongly discouraging you to do so, go with Genesis Mining.

The fact is that both are rip-offs. Genesis mining will never get you a ROI(Search up the genesis mining thread on scam accusations), and Hashflare has recently announced that they would cut down all lifetime contracts to 1 year(outright scam).

It's safe to say that despite all the warning regarding cloud mining in general (profitability and legitimacy) in the last years, none of the people find them worthy enough to take these warnings seriously.

I am not exactly sure whether it is because they simply don't care, or that they just don't do any actual research, but it is quite worrying that people are so easily pumping their hard earned cash into something soo not profitable.

Even actual hardware mining isn't anything worthy of putting time, money and effort in. Buying and selling crypto has always been outperforming whatever form of mining by insane magnitudes ~ that's a fact.

It is not easy to visualise a trusted cloid mining platforms.I have analyzed cloud minings are not suitable for earning purpose. I am attempting to prevent you from loosing your 💰 money.
At first you probably get your payouts but later you would know most of them are scammers with trendy  estranged fakel promises.

However they have added maintenance fees to manage mining account on daily basis and then you need to buy the hash power to work on your cloud mining account. This another kind scratching the money.
Instead of this you can buy a good specified higher end hardware miner to be successful in mining and get the decent profit.

I don't think any cloud mining service will allow that except nicehash and miningrigrentals because they are not actually a cloud mining platform. You can rent whatever types of rig you want there and point it to pool you want. You can rent those mining rigs for few hour upto a week there.

Nice hash are better but i think much better to invest and build your own mining rig.. gtx1070 is good earnings for daily or weekly and if you can buy 4 amount of gtx1070 gpu to mine zcash or ethereum you can live in crypto than you are investing and renting their product plans..
Just like my friends here in my country they are making  a good earnings .. and save it and they are planning to buy a L3+ because its more profitable base on my friend experience here in my country..
Cloud mining is such a waste of time its really not profitable and most of the are scammers. .

Eobot is good for beginners. You should invrst much, but you will get more familiar with different cryptocurrencies. Its still the only legit I know, where you can switch between the coins.

you invest in cloud mining same invest in hyip
you not need pools , not set up not mining, you only invest and then can get return

Switch to PoS my friend, cloud mining so obsolete concept. I suggest DMD Diamond coin, here is the link, 

https://bitcointalk.org/index.php?topic=1931773.0

Hashflare is the only one that i know of doing it. you're able to choose the pool that you mine in.

However this probably makes no difference. How are they going to switch their hashing power from one pool or another so quickly? They probably make up some arbitrary number as your profit or an estimate, by no means is your profit going to be accurate if you choose a pool.

In fact by offering this extra function it makes another excuse for them to charge hefty maintenance fees, that disallow you to make any profits whatsoever essentially. I would not recommend joining hashflare or any other cloud mining for that matter.

I do not recommend any legit mining site because I know all of cloud mining is scam there is no legit cloud mining, don't believe in cloud mining, it's becaise before you get the currency saved from their site you need to pay for the upgrade your account for them but after you pay you will not get your currency from their site, do not trust your money on a cloud mining site their ruin your saving at all, trust me that is my experience mate.

many of site of cloud mining is turning to scam after a month or a week but i know a site that will really pay you this site is eobot cloud mining no investment and they have free doge a day to buy hash 100% trusted and legit,deposit is option to buy hash to withdraw fast but you can do wait to withdraw but not fast,now i monitoring cryptodaily if this is legit and i also searching some more info about it

All cloud mining are scammed sites, you just gamble with your luck either the site closed after you get your ROI or before you get your ROI and investing in cloud mining its mean you support people to scammed others using cloud mining sites, so don't invest in cloud mining

I agree with you. The feature on eobot to exchange a five years contract back to a 24h contract to get out the money fast, is unique. Didn't see that elsewhere.