Bitcoin Forum

For those who know any legit cloudmining sites, kindly post them in this thread so we can
try them also. Been hearing a lot about cloudmining but its really hard to tell
which one is legit and which is not. Thanks!!

Genesis Mining
Hashflare
Hashing24
Eobot

These are the most legit paying cloud mining as of the moment, Still invest at your own risk.

When there is risk how do you consider these sites are legit bro. Even these sites will cost you more money as for purchase hash power to mine the coins whether btc or altcoins it applies same.
According to me all the cloud mining sites are not a legit one like ASIC or Graphics cards mining what professional miners are doing like that way.

I would only somehow trust Genesis Mining. One youtuber, Michael a.k.a. Boxmining did a sort of visit to one of Genesis Mining's warehouses. So we know to an extent that they actually have mining hardware and that it doesn't just work over a ponzi scheme. Genesis Mining being profitable or not is another topic though.

Cloud mining isn't profitable in the long run, only a few people will actually see profit. Why would someone be willing to rent out hashrate otherwise? Your better off investing in your own equipment and mining independently.

Most of them not are not paying anymore. Genesis ended contracts, also Hashflare. Was hashing24 ever legit? Eobot is still working as promised. But actually are complaints about delays on deposits withdrawals. Ok, could be caused by network of some coins fe ETH or BCN. But I am wondering about doge delays.
And this is a good example for scam. BTW you may not post your reflink here.

As the friend said all these are currently paying. What does not make them legitimate and many has a return so slow that simply is not worth the investment.

There is this new one spacemining.io do you guys think its legit?

they have a registred compagny in Great Brittain.

My friend is investing money in there but I told him not to because it is probably a scam.

But he did anyway, is it a scam?

I've checked Eobot recently but even they are displaying a disclamer about buying hashpower as in it might not be profitable and should not be used for main/reliable source of income. Spacemining.io is somewhat ok, I've registered (they were offering free gh/s a few days ago) so I thought why not, registered and left it to pile up over time.

Do not invest larger sums of money into any cloudmining website. Start small if you really want to.

I have a friend of mine who talk to me a few months ago, and he told me; See, i am now a succesfull guy, i invested $1000 in a site and i am now making $5 a day from that, do you want to hear more?

Came on, you can not make a living from this, and if you really want, then you should try to look for any other things like making your own mining rig.

Maybe you can end up spending more than x2 from what you should spent on cloudmining contracts, but in the end, your GPU's are not going to scam you, lmao

I don't think you've understood what I've wrote. I wanted to say that Eobot, one of the few legit cloud mining websites, has a DISCLAMER if you go over to buy gh/s where they warn you about not being profitable and NOT to be considered a main source of income.

Possibly a fraud. If I'm not mistaken and very easy to open companies in many countries being everything done online and costing less than 50 dollars.

I do not understand why it is repeatedly asked if there is a legit cloud mining site. So I tell you there is no legit at those mining sites, maybe you'll earn a small amount but, at the beginning you will earn but it will take longer it will become a scam site. i advice you to do some reaserch before you invest in cloud mining to prevent being victim on it.

Hi dead thread bumper and I do not know that you are not having the hands to create the thread by own to promote yours. If you are really happy share the reference to me. I am personally mining with the 12 RX 470 cards I am able to make decent earnings with this rig.
I am 100% sure that site you mentioned will not return your ROI too. Newbies and others don't believe this guys word. Promoting the ponzi scheme.

Probably HashFlare. I've seen tons of reviews and stuff.
Although I wouldn't recommend any of them. Doesn't sound that legit to me hah

I think no Cloud mining website is 100% safe. Always invest at your own risk.
Moreover you need to keep in mind that many cloud mining sites are actually HYIPs.

Cloud mining legitimizes this does not exist and simple.

legit means that they will pay what they say and not scam you but even legit mining sites won't make you a profit.

Which is the main reason why you should stay away from cloud mining. It's a dead business that is still riding on its boom from 2014/15 where so many sites were created.
People are so difficult to teach anything. Even if everybody around them is losing on cloud mining and there's that one person who made money they will try to be that 1 guy and outsmart the system.

This is most likely a scam.

First of all their location is listed as Contacts
Antano Tumėno g. 4, LT-01109 Vilnius, Lietuva

Do you know what this address is? It's the parliament of Lithuania! So this is more like a joke than the location of a real mining company.

They also don't have any photos of their miners on that site, no proof that they are who they are claiming to be.

There has never been a reputable cloud mining and most cloud mining will just end up scam. Everyone already knows that cloud mining only makes a calculation only and without any real form of hardware mining. Do not try cloud mining if you do not then you will only lose !!

Hello, coolcoinz,

I understand your concern, there are way too many scammers in crypto market, but I can assure you we are not. :) It's not hard to understand where does all the scepticism comes from. 

I have been mining myself for quite a long run, met few of my current colleagues already deep in crypto world. Together we created Ecomine, for ourself and private investors. Just recently, we opened it to the public. We do know that crypto mining is a high-risk business, but we came up with most efficient solutions and we are willing to share with crypto community.

Yes, we do hide our actual location due security reasons, but most of the mining facilities do. We monitor the place 24/7 and have assured high level security, but for the safety and anonymity of our investors, we have decided not to advertise the location itself. Our office location is public and I can assure you, that we are not located in the parliament of Lithuania. :D :D :D

We do share the pictures of the facility in our Facebook page, please feel free to joint it and follow our updates. (link> https://www.facebook.com/ecomine.lt/)

Thank you, the.adelaida, for trusting us! We work hard to live up to our investors expectations and we are very happy that we do. :)

From my experience there is no legit cloudmining site they pay you insufficient. Then when the contract ends you gain nothing but lost some of your funds. You buy imaginary hash power from them, then restrict your withdrawal from your own coins and wouldn't even let you pick your own mining pool.

I can`t believe that some people still asking questions about cloud mining. In my experience just rare people earn from cloud mining sites, very rare people, in most of the reviews that can be found online people regret investing in cloud mining, just some of the reviews are good but always some newbies talk how they earn money there. In cloud mining you can make profit just if you are one of the first investors, more late you come less chances you have to return your investment first and only after to gain some profit, many people don`t come to that profit part.

Bitforx is my most favorite Cloud mining service provider. To be honest I have tried Genesis and Hashflare as well, they are legit, but a fat chance of getting your questions answered by their Customer Service representatives.

I have been communicating with bitforx's community manager, their PR manager and customer service reps for a long time now. I had to be sure I wasn't getting involved in something I didn't want to be involved. I had to trust them before starting mining and believe me they are legit, true and honest company. Their customer service is 100% perfect! And their wallet is great to use as well, everything in one platform!

also they just added Litecoin mining and their prices are the lowest in the whole market! I started mining btc with them and now i think i ill most probably start ltc mining too - not sure yet tho.

Even those popular cloud mining sites such as genesis and cloudflare are also starting to act weird because of their investors complain. I don't want to put any confidence with any cloud mining as I became a victim of it when I was newbie.

I don't know why people are showing a lot of interest towards cloud mining because already we are seeing many problems with the best cloud mining website. Instead of investing in cloud mining it's better to divert your portfolio to investment forms. Yes, companies like Genesis, Cloudflare people are complaining about those cloud mining websites.

The new ones are showing interest to invest in cloud mining though there are old crypto people that remains intact to such sites because it's either they bought contracts during early times while others are waiting for their withdrawals. Cloud mining's reputation has been shady due to those scammers and adding everyone experiences here, you can get an idea if you'll still continue or not.