Bitcoin Forum

Can any offer cheap good cloud mining ?


I was looking at iq mining.com  any feedback ?

It exhibits several signs of a ponzi... I didn't completely investigate but:
- the profit is unrealistic
- bonusses
- no clear contact info
- no endorsement of ASIC vendors
- no mining addresses/proof of mining

I think the odds of this one beying legit are low...

No worries can you point us in right direction of good cloud mining site?

Well, there isn't really a "good" cloud mining site.

The thing is, the legit ones like genesis mining and so on will not make you much profit at all. You'd be lucky to even get the majority of your initial invested funds back from your investment. The returns are tiny, even if you do make a profit.

On the other hand, sites that are shady like the one you were asking abou(iqmining) are all scams and will take your money eventually. I would recommend staying away from all cloud mining sites.

Investing on the cloud mining is banging yourself outside the door. You can just go for the hundred organic ways available out there which can provide you biggest benefit than cloud mining. The cost that to be settled for setting up the mining rig as well maintaining the same is required afterwards which most of the cloud miners fail to do. They are getting money from you which enough but at some point it gets difficult to manage very bit of the mining rig. There are so many challenges in the field but anyway it's vein to discuss that again and again. Better learn some trading skills, invest in coins and sit back watching them grow.

There so many site that can offer you that but could you trust them? Are you ready to lose your money?

Since for me Its super waste of time to invest on cloudmining sites since I marked them all as scam and people should now how these schemes doing so that people can see it as scam and for that many people would save there money for being scammed.

These websites pop up like mushrooms after the rain. Such websites are only built to scam people. Cloud mining as an industry is almost dead with the exception of a few legit companies like Hashnest. All others are plain scams. Even at the legit companies in this example Hashnest you will have a very difficult time until you get your investment back if you ever will. That is because of increasing difficulty in the bitcoin network plus maintenance and electricity fees.

Many times these investments go wrong because after you purchase some contract and the difficulty of mining goes up then you can't make the profit which was estimated earlier. So even company don't cheat still there is a risk unless your coin price goes up a lot then you can make some profit. But I also don't trust any of these cloud mining sites instead I buy coins and wait for the prices to go up.

According to me, cloud mining is just waste of time you are either end by getting scammed from a fake site or by the terms of the real website they are doing business by selling contracts, Imagine if they can generate more profit by mining why would they sell them to others, I'm mean seriously they are ripping the people off.

Buy your own miners and starting mining or stick to the trading part and keep generating profits.

I had seen a user advertising his telegram group which connects users who want to sell/buy their cloud mining hashrate for lower price, I wouldn't recommend using cloud mining though as other users mentioned its not profitable and you might even lose your Bitcoin if you invest in a site without researching.

hi ,
messaged you.

Looks like OP is just promoting his own cloud mining ponzi, But I can be wrong too.

Most of this cloud mining with high return promises are just scam ponzi waiting for bigger investment to run away. They invest around $1000 to start cloud mining ponzi or even less than that, so when they will get some few big bitcoin deposits they can run away without getting caught.

Cloud mining ponzi like this are popping out everyday, stay away from all of them.

Don't trust cloud mining sites they are all scams and better not to put your money in there.


It's possible that he can be the owner of that website or he can't be.

At the moment, I can't reccommend only one cloud miner. I was very glad with eobot, but they informed us, that cloud mining may be disabled because of restrictions in China and when they can't get out their hardware back. Would be bad.

If you look at their mining calculator then the alarm bells just keep going off. $75 per day on a $500 investment is simply not sustainable and that equates to a 54,000% APR even with simple interest(much more with compound interest).

I doubt this scam even a ponzi scheme, but rather just a classic scam. Once you deposit, you are likely just get scammed. There won't be a period of time where the admin will even bother paying out initial investors since the rate of return is just so big. Don't invest.

very dificult you can find cloud mining is real mining not ponzi
ussualy or majority cloud mining only ponzi site, but promote site use cloud mining system

I think this picture speaks for itself.

https://i.imgur.com/m6n6hur.png

ROI in less than 5 days? Wow, that is a hardcore HYIP scheme!

This type of picture is really attractive at the first glance if you are not aware of what are these HYIP's and cloud mining are really doing. I was a victim of these scams and I never thought that they aren't real because I'm not aware that they are scam.


None, there is no "GOOD" cloud mining and I visited that iqmining, are you the owner of this scam? 50% monthly income was that was too high.

Better not to invest there if you don't want to be a victim of a scam.

It's true, I think almost everyone have already fallen on a trap like this when newbie on Crypto-Currency world. Even being too good to be true there is a sensation Bitcoin has a touch of magic, that things here work very different from the real life, that everything here is much more profitable and easier. And newbies think: If there are people making 1000% profit with Bitcoins yearly or in few months (thanks to BTC price, legit way), why wouldn't this "investment" (the HYIP) be possible to be true too?

The important is to learn from this lesson and don't risk money anymore with so unstable "investment".

Look even though their site looks legit, they are not legit at all.

In fact if you look on their main page they say up to 50% monthly interest but then you look onto their calculator, you're getting 15% daily ROI which already contradicts their other statement on the same page. That alone is enough to call it a scam.

Plus, how the hell does anyone profit 15% per day from mining? Otherwise, why aren't mining pools already the richest companies in the world yet?

i think rather than choose that site, i think its better choose hashnest or genesis mining which is a good cloud mining. that site maybe cheap but i don't think that the site is good. but for your information, its too risky if you decide to invest your bitcoin into cloud mining because they can disappear in any time and no one knows if they will stay online for a long time.

There's no cheap and good cloud mining. Like It has been said over and over, their system is unsustainable and usually based either on loaning money from their clients and terminating contracts or ponzi schemes. There's very few people who made money from cloud mining and most of them did so by referring people and advertising their mining site.

No one would surely point you out knowing that there is no good cloud mining site if theres one then it wont really be profitable at all.Knowing that cloud mining sites are just scams they are some which is genesis and hashflare but its really a risky thing to put investments on those sites. We wont know on when they would stop operating which the risk of losing money is bigger.If i were you dont bother to go on this cloud mining site since there are lots of another investment which would able to give you money if you do really work hard not minding on easy profits without doing nothing.

I do not trust cloud mining as I've never tried one of them and mostly ended as scam. But there are few cloud mining that has been operating for years which can be stated safer than the new one, such as genesis mining. But, you are looking for a cheaper one? it maybe hard to find a legit cloud mining, as it takes more than 4 months to get ROI and many things could happen at the time.

Stay away from cloud mining, it's isn't profitable for anyone anymore, it's too late now. Most of them are scams or have closed their services due to unprofitability like CEX.IO.

4 months? really? in genesis mining? looks like cloud mining is much better than you are making your own mining rig..
Since its 4 months you can recover back your ROI..
If they are real a good company they know what should be the roi and its business they should also get a profit when investing..
So if they can give only 4 months ROI that can't happen in mining asic or mining rigs. .
I will say it will be still a scam cloud mining site..  look at the advantage you said that you can get your ROI only in 4 months..

Mostly 6 months to 10 months in any hardware miner asic or rigs base in what im experience..

It's rare to see that there are people here that haven't stepped on a cloud mining or any scamming website. I personally experienced it and I was deceived with these crazy attractions of the returns just like the picture above. They will never stop so what we need to do is to help the community and let these new comers know that these type of investments will just begged for their money in terms of saying that they will invest it to them.

Good cloud mining? That is a dream for most. With the past experience that people have had with cloud mining, I would definitely recommend not investing into it, they are 99% ponzi schemes. Most are just previous scams, only they pop up under 'seemingly-new' addresses, and owners, and names. They will just take your money, maybe pay a few first customers out to get some good reviews, and then just vanish.
Your investment will just be wasted if you invest into cloud mining. Most of the times you will see them advertising with some rates that may seem like crazy bargains to you, but always remember, whatever seems too good to be true, probably is.

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Since you can genesis mining which been trusted by the many people in the forum. I would like to suggest if you are week in investment method don't go for any cloud mining investment option to buy the hash rate.
Instead you can invest on bitcoin miner machines to start your mining path.

I think you shouldn't waste your money in cloud mining site cause it's really difficult to find out a good one and it take too long for you to get your money back. If you have a lot of money I think you should try trading because it's a quick way to earn Bitcoin but not the safe way but I think it's better than invest in cloud mining site.