Bitcoin Forum

Hi,

I just find out this website, which offers open ended bitcoin mining contract?

Does anyone know or can tell me if https://ccgmining.com/index.php legit cloud mining company to invest. ?

Bunch of thanks in advance.

Too many newbie accounts creating a thread here and asking is "xxx cloud mining site is legit?"
Answer: No, no site like that is legit, you're just wasting your time and money lol so much better if you stay away with this type of scheme unless you're the owner of this site ::)

Generally advice: Don't invest into cloud miners where you can't cashout your investment whenever you want.
I looked at this mining site and wouldn't invest, because I didn't hear anything about them. Maybe they will place a thread here on bitcointalk.  Profits are generally difficult on mining and "cloud minining" sites are 99% scam..Better to invest directly in Bitcoin, altcoin or ICO with serious projects, where you can be part of.
Here is already a member, which wants to share experiences in this miner:

https://bitcointalk.org/index.php?topic=2330155.0

As soon as you see cloud mining and guaranteed returns you should never ever deposit anything into the site. Especially if they say that their partners are AMD and NVIDEA along with other big names that have no affiliation with them whatsoever.

No, it is not legit.


It's better they ask then get scammed, though.

CCG Mining does not offer guaranteed returns. They are transparent about the actual factors that affect the profit of a cloud mining contract (difficulty level, bitcoin value, and maintenance costs).

Additionally they have a few videos posted, one of which actually showcases their mining operation.

Of course you will defend them since you used and give deposit to this scheme base on your profile's site and signature. You can uphold and support them as of now but I'm sure you will cry later once the site runs and dont get your ROI.

So far I have been nothing short of honest about my experience. CCG really has provided good service. But only time will tell :) If it happens that I lose my money for any reason I will make sure this forum is aware of it. I just want to learn and share my experience/thoughts/opinions.

I surely wouldn't trust this site!

I can see a clear red flag just by skimming on their site. They have listed a contract literally named "demo product" for 29.49 USD giving BTC 200 GH one year contract.

I'm sure they can find a better name for that "demo product" if they are really serious about their cloud mining business.

I recently looked into these guys, their packages do look to yield nice returns. Ever since Genesis release their last batch of zcash contracts that sold out in like two weeks i have been somewhat interested in cloud mining.

But to be honest I can't ever seem to bring myself to believe that cloud mining is a smart investment because of a some things:

1. You can't withdraw your investment

2. You have to trust that they will honor your contract

3. It could always be more profitable to just take your investment and buy the coin off the market

4. You could yield better returns building the rig yourself

5. Masternodes and POS (Proof of stake) coins could yield better returns and you would always be in control of your money.

I can see how cloud mining can be very inticing to new comers especially with the added affiliate programs offered but they only appeal to this crowd because they are easy and don't require a lot of understanding of the markets and other investment opportunities in crypto.

Invest at your own will, but i would advise any newcomer to learn more about crypto and other options first. good luck

Ever since - even with the legit ones like Genesis - cloud-mining was either scam or not profitable (compared to just keeping the BTC or buying BTC (or whatever) with the fiat you would spend).
I would keep my hands off.

I suspect many will arrive to this post thanks to CryptoNickk :)

The decision to invest is from each one (They can try with minimum amounts, but with money that they have). Or in any case they can wait at least 1 year, until the page shows its good reputation in the market, otherwise it will disappear.

I watched the video and I must say these guys have made a good one. I still want to point out a few flaws in their website.

1. If they are so proud of their data center facility why they have made the office in London ?

2. How do they intend to pay users while they have electricity costs no matter how low electricity maybe in Poland where they tell us their datacenter is, they have a staff of technicians to pay to maintain the rigs, where will they find money to pay the users ? Mining with graphic cards is profitable but not at the level they are telling us in their video.

Summing up the discussion do not invest in cloud mining, bad returns and 99% are scams that will disappear with your money.

Mining is so risky i think apend your time in investing.

Look at the rigs they sell, look at the Fury Turbo+ and let me know how to build that with the parts listed :D

If they are legit, they are incredibly incompetent

Would help a lot if they had their own thread here. Newbies coming to defend them doesn't do any good. Quite the opposite.

To be fairly honest, they don't look like a scam to me (may shutdown business but not for the sake of running away with the money), but do not take my word as a fact or anything.

I don't think they're not a scam business because mainly they're not offering bitcoin mining but rather various more profitable coins. Also, their site looks most professional of most and also one more positive thing is that they're not promising huge ROI in a few days.

But cloud mining services are in a bad position today and will continue on to be if they still focus on mining bitcoin mainly.


I love the idea of cloudmining and always will, but do not take my word here as a green light for investing in this one. This is just my opinion.

Professional looking site, tells nothing.
They do offer bitcoin mining, but its currently "sold out".
In general, not only for Genesis, why would a cloudmning company prefer to "share" the profits from mining if they are a profitable industry?
To me the answer is simple.
Because in the end you wont profit at all, or even worse loose your intial investment.

I have learned that it is safer to have just bought the coins and hodl. The trust issues abound. Will they honour their contracts? Will they pay? Better to hodl.

Just because a name matches from a WHOIS to a Linkedin account doesn't necessarily mean that this couldn't be a scam. Anyone could make a fake name with a fake Linkedin account. In my honest opinion, I wouldn't give CCGmining the time of day. I've never heard of a "cloud mining" site only paying once a month and that alone just made me not willing to invest especially when even the legit sites (Hashflare, Genesis, etc) have payout/withdrawal requirement issues at times.

Not paying. 2 month and never received anything despite several tickets and emails. Scam or Ponzi company.

Making social media accounts is easy as 1-2-3 which it isnt really a good thing to indicate or finding out that they are legit because they do have this informations.Always seek out for community members feedbacks before making any investment but on general matters investing into cloud mining isnt really profitable for longer runs even if you do mention about HF and Genesis.

Sorry for your loss man,this is a lesson learned for you which you should think off that there would be no easy money on this field.

The same here. Got reply from them 3 days ago about some payouts delays.

Did somebody got paid recently or got any replies/explanations from them?

I have to admit, it's a very good looking site in comparison to the majority of the outright scams. The people behind it even represent themselves with pictures to make it look even more legit, but we know that it doesn't mean anything if you have been around in this market for a longer while. Just looked at Twitter, and some people (could be paid shills) claim that they are getting paid. However, if we look a bit further on other platforms, people claim that they haven't been paid for more than a month, and never received a payment at all.

Funny is that their video supposedly showing their mining data center, is that it looks like a very standard intro video that more potential schemes use. It's filmed in the exact same manner, where they try to make you believe something, while in reality they don't show anything of concrete value. :D And then I haven't even talked about their amateurish whois set-up. I can't say it's a scheme for sure, but just to be on the safe side, avoid this shit. Cloud mining, regardless of them actually mining or not, are legal scams by default.

UPDATE: I got my payment into my wallet today! Exact amount as expected.

It looks like there was definitely some technical issue or major delay. Possibly they had to process all payments manually. I'm only guessing.

It would be much more helpful if they could post some message on their twitter to calm down their customers.

I can imagine their support emails and ticketing system is now being flooded with thousands of messages of the same nature. So, it might explain why their support cannot reply for the last several days.

I open a tichet on 12th February and still not answred, all my referalls payment are in pending for more then 2 month. I think is a scam so if anybody get paid recently will be welcome to leave us some news. :(

Referral payments could be completely different story. I'm not involved into referrals program, so cannot comment on this.

I got some of my messages replied by the CCG Mining support which I had posted 2 weeks ago. This means they have about 2 weeks of backlog.

They need to improve their ticketing system. They will get into such huge backlog each time customers hit some payouts delays or some other global issue.

Thanks muchly, I was wondering if I should invest there or not.  I always come here and consult with the experts first. :)

Smell scam attempt on this mining site. I do not know why these kind of many scam cloud sites coming to the market all the time. I really do not why still investors looking behind shit mining related projects. Please aware these kind suspious cloud sites.
If you are looking to take the investment back on these field best you please go with genesis or hashflare cloud mining site.

I don't think that this site will stay longer than 6 months or one year because on the cloud mining site, you are difficult to get the profit and you don't know how long they can still online. so it is better to stay away from the cloud mining and it is better to invest on the other thing like buying bitcoin only and keep for a long time because, in the end, you will get the profit. but we can only give a suggestion to you and you need to determine for yourself because you are the one who has the responsibility for your money.