Bitcoin Forum

which site is the best for mining? 

I see that you are quite new here so let me try and help you. Mining is done by using highly sophisticated machines called the Asian, so it is pretty sure that for you and for me would be completely unprofitable.

When you are talking about the site for mining, I guess you mean the site for cloud mining. There are many services out there. Let me warn you that if you for get into cloud mining, majority of the services out there are complete scams. Do your research well and don't get screwed.

As you can see, mining in Bitcoin for the average people is over with. I suggest that you read and learn and get involved with Bitcoin in some other way besides mining.

Good luck!

If you want to mine Bitcoin with your computer, you are a couple of years late. You would need to buy ASIC, which may or may not pay for the electricity and make profit. Usually may not.
If you want to try out cloud mining.. that's debatable.. some claim that all are ponzi schemes. There are many scams and even if you find a good one, the profit is not great.
So unless you have free power and a warehouse of ASICs, I'd advice you not to mine Bitcoin. If you want some, better buy.


If you want to mine with your computer for learning purpose, I suggest you try to mine some altcoins. Which coin? Pick one with friendly community, for start.
If you want to make profit from mining, you should research and find the altcoin that you cam make profit on. And you have a slight chance if you have a state-of-the-art GPU and you want to mine with it.

After all this, you can search for "best site" for mining, but usually all are the same and the coin list them in its OP.

As the posters above pointed out, if you're looking to mine bitcoins, you're too late..

It'll be a much more worthwhile investment to just buy and hold some coins.

"The Asian" is great at math.

I have been mining for only 6 months and missed the big rush that lead to $900 bit coins. I was paying .10 a Kwh but due to the increased power usage they bumped me up to .12 a Kwh. Yet I have managed to pay my $1,000 a month electrical bill and still make a few hundred a month. I settled on Slush's Pool after testing 6 other pools. If you want to make money you need 10Th or more to get the pool percentage that pays the bills. As my fellow hashers have pointed out small mining rigs can be fun and educational but unless BTC hits $300+ there is no money in it. Now is the time to buy bitcoins when they hit $230 or less and lock them up in a paper wallet until the price goes up! Saves power and cuts the heat output. Save your money for a 10Th or 20Th unit $3,000 -to $5000. Then you have to calculate your possibility of ROI. Have fun with it at any rate. The wife says I need a windmill!

better to go with offline mining than the cloud mining

If you can afford to buy a highly cost hardware thats good

yes you are right and can get high returns if there is an good alternative for power..how about building some solar systems for this?

Im not sure, solar system will cost you more than the actual price of the mining rig, and will spend years to turn your investment than what cloud mining can offer. Btw its my own opinion

Дa нy , я cчитaю чтo нe cтoит вooбщe нa кaкиx либo caйтax пытaтьcя мaйнить oни мoжeт и дaдyт мнoгo нo этo pиcк, лyчшe зaкaзaть oбopyдoвaниe и нe бoятьcя пoтepять дeньги!

For scrypt, My site  :) http://hollandsemultipool.nl/

i dont think there is a best cloud minning site. you have better to use hardware for minning.
and i really hate sparkprofit for stole my investment  >:(

This is what you risk when using cloudmining...better to invest into a personal miner than to give your money away to randoms on the internet.

Well i am paying 0.235 euro cents for a kilowatt, so i have some cloudmining @ Genesis Mining.
And it works really well, i have average of 2 Terrahash, paymenst can be checked here: https://blockchain.info/address/12HSfuCFGoar5ZBwqHdpsUWprnSfSPRhJc

Discount voucher in my banner below.

Isn't sparkprofit an investing game?

You don't put any money into it from what I know.

You should not.... but sadly people do.

Realy you should do a LOT of research to make sure site is legit.   When it comes to cloud mining just has been a lot of Ponzi's.  It's easy to fake mining and pretend to send a little bit of initial investment.   

My advice is look for long term history.  And look to make sure they have verified mining machines.

Genesis Mining

I don't know a ton about them.  I don't like they call the one pack "lifetime" as we all know asic gear has a few year lifetime in almost all cases.

What brand equipment are they using?  And where is data center located?

some where in online i have read about solar mining hardware which is very cheap, can anyone have knowledge about how it can run and how much cost. i am living in a remote area where solar mining will be worthy for me.

I think they meant the electricity from it is cheap.  By having solar you get electricity from the sun and not the grid making the electricity cheap.

BUT the initial cost is high in most cases.  Especially if talking about a lot of watt's.  You have to remember panels, battery's, wires, etc.  So a lot of upfront costs. Unless VERY high electricity were talking about a long ROI time on the gear.

 When you place your coins on a exchange make sure it's fair - OKcoin is using bots to fake volumes
poloniexis using buying bots - so their pumping up volumes too... So make sure you check out your exchange

 

if you want to get mining without scam, rent a rig at rigrental ;)

Buying BTC directly will make you more BTC at the end than buying mining hardware or contracts.

Not rocket science.

You pay a premium with rentals though.  Normally you will pay more then what the rig would have made if mining BTC. 

So not a good way if wanting BTC.  As normally cost more then you make.  The rig owners do it for profit greater then just mining BTC.

The ROI on solar investments for your own house is typically about 15-25 years, depending on electricity rate and consumption. So if you own a house you know ur going to live in for 15-25 years, I would do it. Actually I would combine solar and wind turbines. At least you have free electricity you can sell back to the grid if mining fails.

I would love to see someone do the math on a offgrid DIY solar system for 10x Antminer S7's, aka 12100W 24/7. How long ROI time are we talking? ^^
+U would probably save some money on skipping the PSU's, as the miners run on 12V?.

Yep, I hear dogecoins are pretty good to mine rn, you can even exchange em for other cryptocurrencies after you mine em.

I cannot figure out why electricity seems to be an issue. maybe I just do not get how to calculate the amount of electricity an asic uses in a 24 hour period...

You will need 104 Solar Frontier panels.

I wouldn't recommend you to mine using a cloud mining site now that there have been a lot of scams lately. Most cloud mining sites are ponzis and are very likely to close up shop and run away with your money. It is advised for you to make a research before investing in such services. Stick to this rule: "Never invest what you can't afford to lose" and you'll be fine.  ;)

I am ready to invest some money on mining.  So can any one suggest me best offline miner to purchase, which is profitable for long term?

Maintaining a mining gear is a headache. Those who have nothing else to do in life, does hardware mining. Moreover, if you have to pay for elctricity, you'd probably never see any profit. Better try cloud mining. Pre-calculate your profit in any of the mining calculators below...

1. www.cloudmining.website/calculator.php

2. https://alloscomp.com/bitcoin/calculator

You pay a premium with rentals though.  Normally you will pay more then what the rig would have made if mining BTC.  

So not a good way if wanting BTC.  As normally cost more then you make.  The rig owners do it for profit greater then just mining BTC.

but rent a rig is good profit if you can get more Lucky (at mining altcoin/shitcoin)

I like ghash.io and slushpool most. They are stable and I work with them for years now.

may be genesis mining still best for now..

Yep  :)

I like antpool.

Antpool is the mining pool from the manufacturers of antminer mining hardware. They offer a 0% fee, daily payouts and an easy web interface for statistics.

It depends on a few factors as there are different types of pool payment methods (PPS, PPLNS etc just to name a few) also pool fees, server location and pool hashrate pay a factor.

seems a bit expensive to me, hashnet has better price and has the s7 available already, so better maintanance fees

If genesis will happen to decrease the prize per ghs like hashnest does i would possibly invest because unlike other cloud mining sites out there they are one used to be in public.

For legit cloud mining services, I would recommend Hashnest, Bit-x and Genesis Mining. They seem reliable to me and so far I've invested in Hashnest and everything is going well.  ;D

Not bad - http://hashflare.io (https://hashflare.io)

Genesis Mining is for newbies who do not know any better. Prices are higher than the competition and once you buy hashing power you are stuck with it, cannot sell on the market like Hashnest.

I think ghash.io and slushpool are good for you.  :-*

HASHNEST is a very trusted and provable mining company ..

You must test some companies with your own risk to get some results other wise you lost. Start with some low packages and make calculations and in this way you got the answer of your own question. Thanks  ........

Read more about cloud mining here -> https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654 and decide yourself :)

I personally would not invest anything in cloud mining companies, since they all end the same, or is a ponzi, or scam, or simply disappear. No such product can offer no guarantee of anything, there are today, not tomorrow. For many operations you do with the ROI in the end not recover.

No one doubts the legitimacy of Hashnest. On October 10 GH/s of the most power efficient bitcoin miner (Antminer S7 (https://www.bitmaintech.com/productDetail.htm?pid=00020150827084021471OHYdwd9D06A0)) will be available on the Hashnest (https://www.hashnest.com/) internal market. You can buy now as pre-sale to hash but you would have to buy hash equal to one S7 for $1900.

Indeed the issue in the case of Hashnest, a.k.a. Bitmain's cloud mining service, is not legitimacy. In fact, i'm pretty confident all hash and PacMic will be brought to term in the future just like it did in the past.

Naw the problem with Hashnest is that you're basically buying Bitmain more hardware so they make more money and in return you get very low APR. Meanwhile they make 10x the profit you do and you feel happy because somehow you're maybe paying them less for hosting than you would pay at home.

The hashmarket is where you can make more money, but probably more by trading than holding hash. If you make money by owning hash, sure thats likely, but you also hold the risk. If you don't want to hold the risk then you can go for a PacMic and err well. Not get much profit.

And then there's the other Cloud services which are probably even worse and may disappear or scam you.

Bottom line, Cloud mining hosting is expensive as hell, its not because its cheaper than your extremely high electricity cost at home that its a good deal, so beware and invest wisely.

"solar" is KnC's name for their 16nm "next gen chip" - which is not available to the public, and they seem to have even pulled out of the cloud mining arena.

 NOT "cheap", not even available.



 IMO the only "site" for mining that is worth looking at right now is the Hashnest PACMiC v3 contract stuff, but there MIGHT be something else out there I've not seen that has a prayer of RoI or even profit.
 Traditional "cloud mining" however even when legitimate has tended to contracts that cost more than you would ever make back on them, and recent diff increase rate seems to be making it almost impossible for ANY traditional "cloud mining" contract to break even.

They did lower there fee to 0.0012 dollar per gh/s.  And Genesis will probably launch X11 cloud-mining.
(Discount code is MOON)

0.0012 dollar per GH/s? So 1.2$ per TH/s? Either an outright ponzi or you mean 0.0012 BTC which is close to 30 cents per GH, which is pretty high?

You pretty much need to pay no more than 20 cents per GH, or probably less, considering you're probably losing a lot of that GH to huge fees.

What is the hosting fee of Genesis Cloud Mining?

He is talking about fees. For new contracts purchased since September 16th 2015 maintenance fee is 0.0012 USD per GH/s. Not the cost of the hash.

there is still demand for XX coins, i thought everything out there with that algo is done already, the biggest one darkcoin isn't profitable anymore by a long shot

the most profitable seems scrypt

quote GM
Due to recent improvements in our hardware and infrastructure, we are pleased to announce that we are able to decrease maintenance from 0.0015 to 0.0012 USD per Gh/s per day for purchases.

No hosting fee  :)

Yes, one of my crypto friends keeps asking me and talking all the time about mining. While most of the coins out there are dead for mining, we did come to a conclusion that there is some ROI in mining scrypt coins. He still has decision to make which coin he will try to mine. I will report how he's doing later.

Very BAD estonian scamsite.

But hashnest S5 Maintenance Fee is :$0.001175/GHS/Day

and S7 Maintenance Fee is :$0.0005796/GHS/Day

Antminer S5 prize in Hashnest GHs market is 0.0008999 BTC / GHs   0.8999 BTC from 1 TH/s

Hmm. Something about this doesn't seem right. Decreasing maintenance fees looks fishy to me, unless they're paying less or no electricity at all.

You can buy S5 hashing power at Hashnest for $0.20 per GH/s right now and daily maintenance fee is $0.0012. Maintenance fee is same as Genesis Mining but cost per GH/s is half. That is somewhat of a bargain.

S5 price is depressed because S7 hashing power will be traded about October 10 and the daily maintenance fee will only be $0.00058 per GH/s or half of S5 or best Genesis Mining has to offer. If you are considering buying cloud mining once S7 starts trading and we know what owners are willing to sell for it will be possible to make the call on whether S5 or S7 is the better deal. One thing we know for sure is that Genesis Mining has nothing to compete.

 S7 uses half the electric (appx.) per GHS that a S5 does.