Bitcoin Forum

Hi Folks,

I need good cloud mining provider like Genesis-Mining.
Since, Genesis-Mining is sold out, I am looking for new source.
I tried hashflare.io which is good, but the price and contract length is not favorable for me.

Any suggestion much appreciated.

Thank you

none of them are good so you better look for something else or just buy bitcoin itself and hold it for profit.

if you go for cloud mining you either will find a Ponzi scheme that takes your money and runs or you find something like genesis mining that will take ages before you even reach ROI let alone make any decent profit.

Thanks for your response. I Understand the risk involved.
Since I am late comer, buying bitcoin and holding on to them for profit sounds better option.

Yet, I will keep looking for other solution to make bitcoin.

Hashflare and genesis. All others are scams in my opinion. I am using both

If you were to build your own mine, would you rent out to others to use or use it yourself? So why would someone rent out their mining "shares" if they could use it to mine Bitcoin themselves? This reasoning would lead me to believe that there probably aren't any legitimate services out there. I don't know for sure since I've never checked it out. I doubt it though.

I guess you could say they need more finances, but I think there are a lot better and easier ways then building a website to reach out to people. A better way is to scoop up angel investors or get a loan from a bank.

I don’t recommend any mining site because of very bad experience I had with some of sites I don’t want to mention name because sites are still running . For getting capital return only it will take huge time . Where nothing is profitable . After I started trading for long term altcoins atleast getting some good returns in regular interval of time may be for a quarter . So find good altcoins and invest on that.

people already warn you about cloud mining, but you can try hashing24. Its another legit (for now) cloud mining after genesis. Since my friend always get his btc until now and already got his investment back last month. Now he just enjoying the profit.

Edit : Invest at your own risk.

Some of them are legit don't put all cloud mining in not legit..
Yess and I am victim of it but that is becaise I dont research if it a scam... remitano and what you said the genesis is a good mining cloud .. it is hard to find good cloud mining now but start at investing in genesis many of people where being succesfull there

Thank you guys for all your response. Now I have some insight on what to do and not  ;D ;D ;D

I've already tried cloud mining but I'm disappointed on what I've earned on it. It is like you're just claiming free satoshis on faucets, it is so cheap and just a waste of time for me. So if I were you, I'd rather join Signature Campaigns or Bounties which I could guarantee you that you will earn bigger than what you could earn in cloud mining.

i would not choose also making btc from cloud mining, its big chance scam.
for now i seen that possible for gaining bitcoin, that you can build your account in social media linking, then joining some, campaign of cypto currency or bounty.

Its better to set up your own mining rig which will be safer and profitable too if you have cheap electricity. Setting up mining rig will cost you less than all those contracts those cloud mining sites are selling.

There are different guides available on how to start mining at your home, go through them and set your own rig and enjoy real bitcoin mining.

He's not talking about faucet-like cloud mining sites, which are really Ponzis. He's talking about legitimate sites where you invest in a share of real hardware that does real mining. The problem is that ROI on those is not good enough compared to the risk taken.

Looking at the current situation I dont think any of the cloud mining site will pay in you first place. All the ponzi style miners are involved in profiting from the money that users are putting into their account and they will just circulate the very tiny percentage of it to you from big investors and this they will do everyday. But now a days the bitcoin price has risen a lot and which means they can’t afford to pay you as per your contract as they have to more than speculated rates. Plus not all of them are really doing the mining as I stated about which makes it terrible to invest into them. Yes hash flare was really good but now restricted contracts and shit like that are happening which indicates its no more profitable. So n suggestions for now, don’t believe in them on hundred percent scale.

Genesis and hashflare got recommended to me. If you want to go for bitcoin I would definitely wait how the fork plays out and then try with small initial amount to get a feel and learn about it. The other there might be legit ones but I would stay away.

I want to ask you if you have calculated how much money you have earned? and what capital have you spent to invest in the cloud mining?

Try calculating and I'm sure you still can not cover the amount of money you already use to buy cloud mining. Currently a lot of negative stigma against Cloud Mining and it is the real thing. Cloud mining is just spending a lot of time and not bringing in a lot of money. Most cloud mining only calculates the amount of Bitcoin they can and instead want to scare but almost all cloud mining will eventually end up scam. this is a fact and already many people who experience it, I just give advice that what you do is very risky. Come buy hardware mining and you can be sure that what you do is right.

I won't recommend you to invest in any cloud mining. Other than the 2 you've given aren't reliable and most of them are now scams, I'll not take the risk of other cloud mining. Don't try to click when someone is going to send you a link of a cloud mining, don't invest on it.

since i know genesis mining is the only once witch offers open end contracts ....
and they will soon offer more btc mining contracts.
As i know they have buyed many more graphic cards and as soon as they have them you cna order btc contracts again !




regards

I don't like cloud minings, because now a days there's only few cloud mining companies that are profitable for your investments. You better join the signature campaigns rather than investing to a cloud mining companies wich are not trustworthy at all.

Genesis mining will offer new contract soon, but I don't think it's fair for new investors, as many people claim didn't receive full payment which always decrease over time and sometimes you have to wait for a long time to get payment. You may consider this risk.
Buy and holding bitcoin seems more profitable for me, as bitcoin price may increase over 100% in a year,on the other hand, it takes 6 months to achieve ROI from genesis mining.