Bitcoin Forum

Hey there, I would like to invest into bitcoin, any good website to earn good money/btc ?

IMO there is no good cloudmining services atm. it is not profitable so the good ones stoped mining

search cloudmining 101 in this forum and you will find a good topic on cloudmining services and scam ones

Mining is not recommened at current price.
For earning BTC, you can check out this guy's post:
https://bitcointalk.org/index.php?topic=774359.0

https://bit-x.com/ do Cloud mining as far as I know.
Note that Cloud mining isn't profitable right away unless you are looking for a longterm investement , because you will most likely pay more then you will earn but since Bitcoin price isn't stable and go UP & down then you may earn in long term .

~ Madness.

You need to put correction there. A very long period to earn your profit back

cloud mining is dead at current prices.

Don't go for it, unless you like ponzi gambling

https://bitcointalk.org/index.php?topic=878387.0 - Cloudmining 101
If you been here since last year, you'll know that most of cloudmining out there is not doing real mining. Mostly they use ponzi scheme to run their business. Even big website like pbmining and Zencloud(GAW) have been showing a bad sign.

Becuae people think there are different between ponzi and cloud mining. Cloud mining they promise the long term profit but ponZi only a few hours

One good rule of thumb to follow (at least currently):

If the site your considering investing BTC in says it has anything whatsoever to do with cloud mining run away.  They are for the most part ponzi's and those few that are legitimate are already shutting their gear down.

Most all cloud mining services is ponzi scheme, and more cloud mining collapsed.
If you want to invest, try to search xbtc, its counterparty asset.

I would suggest you to wait a bit before investing into cloud mining... That said, I don't mean to say that don't get into BTC, you can trade and earn, or can even arbitrage... Also, if you want some free BTC, you can try bit-vortex.com (http://bit-vortex.com), it's a non-stop faucet...

You can try btcjam.
But best way is buy BTC and wait it raise up
Cloud mining not safe

Try Hashnest.com - they are mining and are trustworthy - here is tread: https://bitcointalk.org/index.php?topic=766448.0


This page sir is not working correct! Do not paid properly! We wait for answer in original thread: https://bitcointalk.org/index.php?topic=923385.0

it will take you months to ROI in a cloudmining service. The best way to earn bitcoin is building up your account and then join sig campaigns thats the safest way to earn.

I have 70GH/s on BitcoinCloudServices (http://bitcoincloudservices.com), they are a legit cloud mining service.

I would recommend to stay away of cloud mining. They could be a Scam or they will not perform as predicted and your investment will be gone.
What is nice now can be terrible tomorrow.

You are right but it could be said of any investments.

That may be your opinion, but not everyone agrees with you.

Anyone thinking about cloud mining should have a look at this thread before giving coin to anyone.

https://bitcointalk.org/index.php?topic=878387.0

Yes, good idea. In this thread is many informations. But that's are as well opinions. Am i right?  ;)

Anyway Hashnest looks very legit there. So like i wrote above, if someone would like to try, I recommend this service.

Just wondering, don't you have any proof that they pay well ? Because the only thing I see about them over the internet is 70% scam and 30%... ads ?

Just because an operation pays for a period of time doesn't make it legitimate.
Look thru the threads of scam 'cloud miners', they are full of shills/clients saying "They can't be a scam, they paid me."
Then they stop.

Just buy as many as BTC you can
Hold it , and sell it later after price up :)

just buy btc it's cheap now and don't invest your btc any website they are mostly scam website.

As the other mentioned, cloudmining is probably not a great idea atm. But if you want to do it, read the Puppet's thread:

https://bitcointalk.org/index.php?topic=878387.0 (https://bitcointalk.org/index.php?topic=878387.0)

Other investment worth considering is investing in the house of bitcoin gambling sites. This thread has some good review (although it's not comprehensive):

https://bitcointalk.org/index.php?topic=826466.0 (https://bitcointalk.org/index.php?topic=826466.0)

In Canadian Dollars, the price of a Bitcoin 2 days ago was like 364$ and now it's 331, based on Preev Rates.
I'll probably just send all of my BTC's on bter.com and wait for the prices to go up, then sell. Then buy when it's cheaper.

edit: Yup, i'll do that, just realised that cloud mining was not a really good way to make btc's. Gambling either.

Good luck then! :)

Here you can find review of world BTC exchanges: http://bitcoincharts.com/markets/ You will need that ;)

Um, after reading that, I change my mind.

Cloud mining is not good investment. The logical is, if a cloud mining service have a ton of hashrate, why they don't use that to generate coin to their self? That's is risky. Buy a miner hardware is better than make a contract with cloud mining service ;)

If I lost my 70GH/s because BCS became a scam, I'll still in zero lost, because the money that I used for contract is come from a giveaway :D

If you don't know what you're doing, you're very likely to lose your money this way.

If buying low and selling high was that easy, everyone would be rich by now.

There's plenty of people who bought 'cheap' at $700 and still waiting for price rise (or the other way around). There's no guaranteed average price.

Just don't invest on ponzi, hyip or cloud mining with ponzi scheme.
Use your money for buy btc on low price and sell on high ;D

Just look at bter.com, when the price of DOGE/BTC is at -10%, just buy some for 5 btc(example) and when it goes back to 0% or even +1.25% (Happens every 3 to 12 days) Pam, made 11.25% profit, you now have 5.56 BTC. More than 100$ profit. But you have to be damn lucky to make 11.25% profit, the more I made was yesterday for a test, the prices got to -10% and I sold back at -3.75%, but I only took for 0.225 btc, so it's not a really high profit.

Cloud Mining is a ponzi scheme as things stand so avoid like the plague
Just hold the coins, maybe lend as margin on bitfinex

Be very carefull!
It just look so easy :) Believe me that in one moment everything can change like in mirror.. and you can lose. Cryptocurrency that high risk market ;) Especially for newbies :)

This forum is full of people who got burnt by doing that. It seems like a system but it's nothing more than a gambling. You're betting on that there will be no permanent price decline.

DOGE was once steady at 200 satoshi, when it fell below, many were convinced that it will go back. Think about that.

It was an example, but yeah, since I'm a newbie I should consider being careful.

hem hem...

ok..
you are a newbe...

but you can also see how many threads there are,
where the mantra is:

"mining today is not convenient"
"cloud mining it is a waste of money/time"
"invest directly in btc rather then in mining rig"

yes, that is the topic i meant.
from all of them, the one that i used so far is CEX.IO and i liked it because you can buy and sell GHS at any time, which can also be profitable
sadly it is paused due to mining being unprofitable atm

I checked there and it seems to be working fine... Also, I got paid there 2 times... But have stopped since 3 days now... So, don't know what's wrong there...

cloudminr.io seems to be good.

not really, not worth it, better to invest in btc directly and wait for the next pump

it received the maximum scam odd in the cloudmining 101 topic:

https://bitcointalk.org/index.php?topic=878387.0

read and take your own conclusions

cloudmining 101 is a good thread to learn more about cloud mining and be prudent.


The same can be said of most other bitcoin investments.

You will likely not make a mentionable profit, and maybe not even break even because of the difficulty rises. Not worth it IMO.

People who invested in November in cloud mining are getting ROI now and all the revenue they will get from now on is pure profit.
Cloud mining is very risky because you are trusting people you don't know but when it goes well, you can profit.

Anyone who wastes money on cloudmining deserves the losses they'll get.

Do you say the same thing about exchanges?

If the exchange is not reputable, not transparent and lack basic security features then yes.

Actually I've made a profit on hashprofit cloud mining service, but the only down side is that you can't withdraw/sell khs for the next 3 months, well yes, you can, but there will be a 20% fee.

Also, stay away from cex.io.

So can anyone share the numbers, like investment (with short description of resources involved) - profit - time of investment. I would be interested just in the range of values, the exact numbers are not needed, if you don't want to. Myself, I am quite sceptical if cloud mining can be profitable at all, if we are talking about the time window up to 6 months, right?

Yes, as exchanges should never be used to store money. deposit, trade and then withdraw.

There were many cloudmining companies which turned out to be a scam and many users have lost their money. Since the BTC price is much lower now, the maintenance fees per gh is much higher than before and profit would be much less.

Every exchanges can get 'hacked', example Bitstamp got their hot wallet hacked which resulted in a massive loss, so did bter. No exchange is safe, always keep your bitcoins within your control.

I would suggest using BTC rather than "investing" in bitcoin. It is not an investment and you are not likely to do anything but loose your money. You buy some bitcoin then spend it online. The way God and Satoshi meant it to be. lol

Personally I'd steer well clear of all cloud mining, if it sounds too good to be true then it's probably a scam.

If in doubt, hodl.

many of bitcoin investments that offered here ended with scams (bad ending)
at the beginning they will pay you and run after they collected enough fund
particularly in cloud mining services

do not enter cloudmining as much as possible and for investing the good thing that you can do is to buy with cash and wait for the price to go up

I didn't have success investing on BTCJam but I think they added a refund or something in case someone would want to run with your money.

Cloudminers are shutting down (http://pcgeeks.bugs3.com/?p=485) due to low BTC price, volatility and what now, so at this point I wouldn't recommend them. The maintenance fee is exactly the amount your miners make.

If you want to grow your coins, I suggest trading. After you have learned how to do it properly, of course.

the only good thing to invest right now is bitcoin itself

I think AMHASH is still an honest alternative if you want to try out cloud mining. It's available on HavelockInvestments. The only thing is: They stopped their payouts until March, because of the Chinese new year. But they're still one of the most trustworthy companies in the cloud mining game, if you ask me!

The most BTCJam does is to send them for arbitration which is seriously the most useless thing to do. Unless you live in the same place as the person, you cannot recover them online. BTCJam is known for allowing scammers to register with fake ID so most of the time, arbitration is useless completely.

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.

Cloud mining is a big big no. Dont ever get lured into that, instead offer your services in the services section and you can start earning some BTC and slowly, as you become a member and full member you can earn a sizeable amount by joinins signature campaigns. Moreover, please google cloud mining scams and you'll come to know the risk.

Trading is not easy. It just seems easy.

Don't look into cloud mining.

Chances are you're never going to ROI.

i would suggest trading too. BUT it is not like you can just wake up some morning and say i am going to start trading BTC. it needs experience or information otherwise you will lose money

Also, there have been many exchanges which got hacked, you may lose money in the process of trading. It comes with much more risk than you think.

No, I would not go as far and claiming that using exchanges is risky. It is not if you are doing it right. If you want to keep large sum of BTC directly on exchange's servers you are doing it wrong. Sell only small amount of btc or transfer your desirable amount just before you want to sell or buy. That way you are minimizing chances of exchange being hacked with your money on their account.

More importantly, you need to choose the right exchange with enough trust and even though this is done, exchanges can be hacked.
Moreover, trading crypto is a very difficult task. not cakewalk

Lots of mining bussines went broke cloud wise, its not very profitable unless you want to hold the coins long term and be on a lose for a while.

never ever invest in cloud mining , its just another big big ponzi. you wont ever profit from it.

At the current setting, investing on cloud mining is a no go. You will not even break even on the investment you made. You might better try trading instead to make a profit than investing it on cloud mining.

Don't assume every single cloud mining service as a ponzi, there are some legit ponzis which are proven to be mining on actual hardwares and paying using it. Most wouldn't roi however.

Do not do cloud mining. Price is low right now, not very profitable.

either way it's not done now, because bitcoin prices always go down. I fear too much to buy and the price is getting down, would make him mad

CHeck out the Bit from the Block Mining Project.

It is the first Diversified Cloud Mining Platform available.

https://coinsortium.co/project/BFTB

Join the Bit from the Block thread at Hashtalk.org and Bitcointalk.org
https://hashtalk.org/topic/16505/bit-from-the-block-mining-ipo-diversified-mining-1gh-at-a-time/
https://bitcointalk.org/index.php?topic=851442.0

everythin will be over with run away . hack news
so dont invest in hyip thats for me.

1. Get job
2. Get paid in money
3. Buy bitcoin with said money
4. ???
5. Profit

DO NOT DO CLOUD MINING. It is a ponzi.

Earning Bitcoin is the exact same thing as earning dollars. Except its harder because less people will pay you Bitcoin. So instead just earn dollars, and buy bitcoin.

Bitcoin is not a get rich quick scheme by any means.

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

OP, just skip Cloud mining or hardware mining altogether.  Not only do you have deal with possible theft or loss if the cloud mining websites turn up to be Ponzis(most of them are), the whole reason you're thinking about any of this is ROI.

For the most part, ROI or profit is gone from any type of Bitcoin mining.

Just buy BTC, man, it's fool proof and fastest way to get in this thing.   8)

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.

you should try to invest  in Trading btc/altcoin

From what you wrote, it looks like a perfect description of a Ponzi scheme where all the risk (enormous risk) is put on the newly coming investor in exchange for not so promising gains. Risk-reward ratio screaming 'no go'. Pretty much in-line with my observation until now. Keep away from that.

Yes it can be a ponzi indeed. However, it can also be a legit mining business where initially due to low difficulty the miners get a fair share of their profits whereas later when the difficulty is higher the profits and hence the revenue drops significantly.

Cloud mining sites are mostly ponzi schemes - many have closed in the last 2 to 3 months

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

Good question .
Well Cloud Mining is a long term investement , Let's say you paid 50$ and you got 0.1 BTC . You will say it's not profitable which is correct.
But if you wait some years , that 0.1 BTC (23$ now) may turn to (100$ later) .
Of course if you didn't pay using BTC in the first place otherwise it's like you did nothing .

~ Madness

You are bound to lose some BTC on maintenance fees. It would have been much more profitable and less hassle if you believe that will happen and buy Bitcoins directly.

So basically it's impossible to mine unless you own farms of antminers these days.

A good example to disprove your point is my Bit from the Block project in my signature... it is both profitable and legit. Due to intial capital requirements, just starting a cloud mining service is not always an option... BFTB is different because all profits from mining are either returned to GH owners through the form of dividends or reinvested back into the project. I cant speak for other cloud mining providers because BFTB is the first service of its kind but I spend my time, money, and energy maintaining it for no personal profit because I myself have been screwed multiple times by shady websites in this industry so I gain personal gratification for providing a service to help protect others.

call it bullshit, call it shady, call it what you will but not everyone is out to screw you over.

the last horrible cloud mining I remember was a couple months back in 2013 called pbminig, many have lost a lot.

Learn from that and then decide.

haha I remember pbmining... expensive 5 year contracts? doomed to fail and it did.

I have made a little money buying Gh's at Hashnest.com  and AmHash1 contracts through the Havelock Investments website.  You won't get rich overnight but if you buy GH's cheap enough you should be able to make roi plus a little extra.


Sorry AMHASH1 and anything Havelock is the suck.   ** AVOID **

AFAIK , they all did in the end

How long in the record this thing have last and what the name ?

True... And yes, the best place I have ever read about these cloudmining "ponzis" is: https://bitcointalk.org/index.php?topic=878387.0 (https://bitcointalk.org/index.php?topic=878387.0)

Thanks for sharing this
Really useful to share with anyone who believes in investing in a cloud mining

Yes, they just need some proof for them see the truth

if you want to invest in a cloud mining service, i can suggest trying cloudminr.io i think its the only paying cloud mining site as of now :)

Not really, and also, ROI is dependant on price per GH and electrical fees/management fees. IF another cloud mining service cost 0.0001BTC/GH and your cloudmining service cost 0.002BTC/GH, the one with lesser price would have a better chance to ROI.
You can mine with a CPU but you will not generate a profit.

and on top of that adding his referral in the link, what is prohibited by the etiquette of this forum.
Well, that is just another good example how trustworthy this cloud mining may be.

It wasn't even cloud mining, it was "forex" trading with a team of etc etc.
A quick look at their 'main office' in London shows they share it with 52 other companies and used to call themselves "The Bitcoin Foundation Limited".

Yes sir. i had a bit on research regarding on this trading and cloud mining it is different when it comes to cloud mining once you had a contract you just sit back and enjoy your income daily . but when it comes to trading and investing youll have to know when to put money specially if the company is just new to the industry.. then i just read an article regarding on bitc1 and thats it i tried it so far i get my money back then daily income.  you just have to be discipline yourself when it comes to investing . dont put all your money. your main priority is you should get your capital back first then enjoy your earnings daily even if the company fall down its not bad to have an income without a capital. its really just a gamble in trading world but if you conduct a research and study from it you will know how much it help you for your daily life. :)

Thank you for your advice, here's a bit for you.
Bitc1 is a blatant ponzi scheme which I wouldn't touch whilst wearing full protective clothing.
One day you will wake up and it will be gone, along with your "investment".

its a ponzi scheme and a gamble too if you really know how to conduct a research regarding that site :) youll know. because its started by july 4 2014 if its really a ponzi scheme that "bad" ponzi? it will probably by january 2015 it will just gone but now if you read news and article about it.. bitc1 and its reputation is getting higher :) try to research my friend not just seen by your eyes and heard by your ears. do you think i want to be scammed  ? of course not but before that happens i will assure my capital will be back and my roi will return in matter of time :) its just how you use your strategy if your stupid and just put all your money and not knowing the standards or status of that company you'll probably lose all your money in no time :) think about it :)

*ignored*

i did not really got any profit with cloud mining ever i managed to get my investment back even after long time but no profit so better look for somthing else

It is more likely to lose or win than get exactly your investment back. If the difficulty stays stable, you can profit well from cloud mining.

"The Bitcoin Foundation Limited"
Couldn't they get anymore simpler  :(  >:(

Good luck for that , do read this though

https://bitcointalk.org/index.php?topic=878387.0

I see no advantage in cloud mining. The best you can do is buy BTC with low price and sell with high price.

hashnest S5 is still OK to invest
you should try :)

Hashnest SEEMS to be trusted right now, they may just run away in the future. Hashnest is still quite in the unprofitable range, did you factor in the possible difficulty increase and maintainence fees? When you add these together, it would most probably be not profitable.

I have been using HashNest since they first opened in Sept 2014. They have been great so far and already had a fee reduction once. On top of that... they are backed by one of the only reputable hardware mining manufacturers in the industry Bitmain. If you are going to choose a cloud mining provider, HashNest is currently one of the best out their both for cost per GH to aquire and maintenance to upkeep them. The market exchange platform is nice as well because it provides you an "out" of the investment if you need to.