Bitcoin Forum

Hello.

I'm investigating (not for using it) about services and ICO that let you rent or invest in mining farms, when you don't want to do it by yourself or when you have expensive electricity where you are leaving and then can't do it by yourself.

=> What would be the best active service providers, or future service provider (still in ICO), that you would recommend me to investigate?
Things like batmine.io, swissalpsmining.io...
=> What would you check before investing in it?

I'm looking for fresh and up to date information, it seems like lot of providers closed their door with the bear market.
Thx for your sharing :)

Eric.

I am sorry to say, but the only cloud mining platform I can recommend to anyone is only genesis mine because they have been since the onset of cryptocurrency and I am 100% sure that they will be going nowhere even in years to come.

I have lost a lot of money to companies who says they are a cloud mining company and have a lot of miners were they reward people for buying hash power, all this are just scam strategy and they all ended up running away with all it's investors money all in the name of cloud mining.

I don't think that cloud mining services would make such an interesting return since there are so many scams abuse.

I agree with the previous speakers. All cloud mining services known to me are dead or turned out to be scammers. It seems to me that it is better to look for other objects for investment.

After many cloud mining companies have left their investors half way, your brave move has been made. If I were you I wouldn't have invested in cloud mining.

Most of the people were not specially to cloud mining since there are so many cloud minings which are not potentially legit.

Anything related to cloud mining is a scam, even there was a lot of icos have created real mining platform gets bankrupt. I will never try to suggest you buy that tokens because they are all only garbage platform dude.,

how about nicehash? this site lets you purchase mining power based on contracts.  you've got to choose what algorithm you want and the duration on which the miner would run.  i understand there are buyers and sellers of hashpowers in the site.  and the site just connects the sellers and the buyers, and i assume it gets some cut.  recently there was a big theft that left a big mark on their reputation.  but the company is surviving now and i think everything goes well as of now.

Your first investigation point is Google. Your second investigation point is this forum.

Check out and search for cloud mining scams. See for yourself, even the supposedly famous names and reputable companies have all had hundreds of complaints from customers who lost money. The fact is, there is no such thing as guaranteed income, especially not from cloud mining. You yourself see they have closed their doors so even they cannot make money.

Come back and thank me later.

I tried lots of cloud mining services. Even i earned a profit in fiat, i always lost in crypto.

For instance, i did paid 0.10 btc (200$) and earned 0.09 btc (360$). Still, as far as i know, genesis-mining is the most trustworthy.

Right now, it is hard to see that we can make a profit from cloud mining services because many of them (not all), have been scamming people and run with their money. But if you want to try with a new cloud mining website, then you should not use big money to try because you don't know if that website can online for a long time until you can reach the ROI.

I only know that some of the oldest cloud mining like genesis mining, hashflare, eobot still running but I don't know if they are still profitable for you.

Actually, I have been there with all of them, and I can reach my ROI, but it needs more than a year to reach that. And know, I don't know more about them since I don't buy any contract from them. But I see in my balance, there still some amount that I receive once in two days.

Be careful to decide to join them.

history has proven that it is completely impossible to run a legitimate cloud mining service for long. so far every single cloud mining services have either been pure 100% scams from the first day or they eventually became Ponzi schemes because they could not keep up with the volatility and make profit and running a Ponzi made more sense to them.
this is never going to change.

does anyone have information about cryptominingfarm?
long time ago many people say it's scam, but until now their website is still active
https://www.cryptominingfarm.io

Sorry to let you know, but as far as I'm concern, (I'm sure majority will agree), that cloud mining has been called out a scam so I don't know if there's so called best clouding mining services out there.

Common sense will tell us, if mining is really profitable, then why are those companies sharing hash power to people and even offering what? limited? Lol, that's crazy shit there, so I don't trust them, because obviously they are just running a sort of mask Ponzi scheme.

How much are you planning to invest? The risks in cloud mining are so high so it's could be better to buy mining equipment (ASIC or GPU's)

I don't know what the best, but as other mentions it is a jungle out there so be carefull - I can recommend nicehash.com 

the most trusted cloud mining in my opinion is genesis mining, a mining company that really does mining and is now running https://www.genesis-mining.com/

I remember one popular YouTuber who was screwed after some months with one of the Genesis Mining plans.

I did use minergate back then, i was happy with it. But i couldn't earn enough i hoped for. Cloud mining is a time-loss i must say.

Well, Cloud mining is very popular now when it comes to cryptocurrency world but we should be more knowledgeable in finding a legit cloud mining platform because other platform is not paying.  Now I am still finding a legitimate cloud mining and I think the best cloud mining site is a btc online and eth online because it is legitimate that I only try. It’s up to you if you want to upgrade or by referral in this two sites. For so many cloud mining site that two is the site that I have tried that it is legitimate. I hope it helps to make a good decision.

I'll echo with the voice of majority, if they say that it's a scam then you shouldn't take the risk of believing their service anymore. It doesn't matter if the site is still active and up, who knows if they are just looking for some prey to scam?

I don't understand why people even bother with cloud mining, given that returns are not guaranteed, nor that the company will even be operating in the future. It's best to just buy cryptocurrencies and store them in cold wallets.

for swissalps, I'm not sure if it's a good project because when my friend tried to rent by using a token the results of the reward bounty always failed, and also cloudmining, for now, I think it's very difficult to make a profit because the price of bitcoin and alt is still unstable

This is the very reason why no one should invest in cloud mining services. I had invested years ago (when cloud mining contracts were still new in crypto market) because the profit was very tempting, but unfortunately I didn't get my basic investments. Considering that cloud mining site is legit because up until now they are operating. Better buy your own hardware instead. At least you still have your equipment if all goes wrong in crypto mining.