Bitcoin Forum

Just recently, I found this website called bitcoincloudservices and when I decide to purchase a few terrahash. It is asking me to pay 11.0000 ฿, which is 11.0 Thai Baht, according to the symbol. But when I received an email for the order receipt, they said I have to pay "Amount (BTC): 11.0." So, at this moment I am a bit confused on how much I have to pay, 11.0 ฿ Thai Baht (or 0.000894 BTC at the time of this post) or 11.0 BTC.

Don't invest on cloud mining services as most of them are found to be ponzi schemes....Instead of investing 11 BTC into unknown third party sites, why don't you buy hardware and mine it yourself..?

I will stop you there before you do something you will regret about it later . Stay safe and don't use them .

Scam alert about them : https://www.cryptocoinsnews.com/scam-alert-bitcoin-cloud-services/
Read this as well : https://bitcoinmagazine.com/articles/exclusive-possible-500000-bitcoin-cloud-mining-ponzi-scheme-uncovered-1433546738
and here is a topic about them : https://bitcointalk.org/index.php?topic=1010670.0

+1

Why didn't you at least use the search function here to do some research, before thinking about signing up for something like this obvious scam?

https://bitcointalk.org/index.php?action=search2

No one give the user the answer he or she is looking for.

A lot of Bitcoiner uses the Thai bath symbol to refer to Bitcoin as it look like a "B" with a currency "line". The services is asking for 11 BTC and not 11 Thai Bath. Like what others said, dont invest in cloud mining. It is most likely a scam attempt. Even if it is not, (legit) cloud mining will take you a long time to gain profit.

Thank you for your answers, it was very helpful.

10 Ths for 0.000894 BTC! That would definitely be too good to be true!  :D

Research, research and more research Prinny, there's a lot of scammers out there......

And like an idiot, I fell for it.

That really sucks, i've seen a few people fall for scams before.

Hopefully this won't happen again to you, I myself learned from a scam once and I do a bunch of research before I start doing something like this again.

OP, better don't invest on that, its seems sketchy Read here (https://bitcointalk.org/index.php?topic=878387.0)


Also add this too ► https://bitcointalk.org/index.php?topic=878387.0

Well don't say that I was also an idiot first time doing some bitcoin.

Oh well you have learn your lesson so that is a good thing.

So in the future won't happend again.

That is funny I did also some stupid stuff in the beginning.
But that is true you can learn your mistakes.

Yes, please be extremely careful when dealing with any cloud mining companies as the majority of them are scams.  Especially when you start doubting yourself and start losing confidence in a sign up process best to just leave it alone and move on.

As there is mentioned Amount BTC, So i thinks it is asking you to pay in BTC but i am seeing this first time ! :)

They probably lured you in because the symbols for bitcoin and thai baht are so similar.

Hope you didn't invest in them, seems to be a recipe for disaster and just a big scam.

If i were you, i would not invest in cloud mining service now.

Recently cloud mining now it just ponzi scheme, and ending with scam.

So if you want to save or growing bitcoin trade it and don't invest in cloud mining.

First of all and absolutely the most important thing is to not invest in whatever kind of mining. I am a old miner (myself and in cloud). Maybe you can earn but your investment is always in risk. Big risk. To leave the fact that most of cloud mining sites are scam. To leave a part the fact that the mining hardware is to expensive to have profit from it. But you must have in mind the difficulty in mining. The difficulty in mining is always an unknown factor which can overthrown everything within very few weeks (two or three). And is always unknown. No one can predict this factor. Having such weight in the expected revenues from the mining and having as the unique specific the impossibility to be known make the mining only an adventure and not an investment.

That for the mining and the cloud mining. As for your payment it would be better if you, before the bought of your terrahash, contacted the support of this site and ask about this problem. That sign is a sign which is used for bitcoin. And normally all the clod mining sites do the prices mainly in bitcoin (being bitcoin the currency which will be mined) but even in us dollar or euro. I don't know if that site you speak is a local one or international. If it is local and if your money have that sign maybe the owner of the site has "played" with this fact to have customers for its business. Knowing that the people will be cheated by the sign (believing that is the local money) and will buy. When they will understand the problem the money were paid.

look not far than these cloud service, hashnest genesismining and bit-x

then you have a bunch of good renting site, like miningrigrental(i've done plenty of renting here, i was renting like 50-60 rig one time) nicehash and betarigs

everything else you will find is most likely a scam

I wrote about this company no longer paying (https://bitcoinnewsmagazine.com/bitcoin-cloud-services-hyip-no-longer-paying/) back in June. Bitcoin Cloud Services is a ponzi you should avoid. If you really want to buy hosted bitcoin mining stick with legit services like Hashnest. Also consider to never buy mining power from a company that does not have an exchange where you can sell your hash if you change your mind and want out. This leaves out companies like Genesis Mining.

There are and still some honest companies at the cloud market but with the current btc value is a bad investment as in the most of cases the produced and the costs to get the bitcoin will be near 0 giving nothing to the investor.Soo must avoid any cloud company at the moment ,since they cant give you something they arent doing,meaning ,profit ,they can pay you well but they are using others investors money to pay you ,this will always end bad for the most.

I am wondering, when will people stop giving scammers their hard earned money?! For God's sake OP, get your head together and stay away from scammy services like this!

And as some have suggested in this thread stay away from cloudmining altogether!

I threw some coins at EOBOT months ago.  Nothing too much, just some fun money and it is just sitting there doing its thing.  I cannot say that it has the potential for any real income, however, i can say that they have been there for a little while and they have been pretty good as far as deposits and withdrawals.

How do you use miningrigrental?

its arelly good posting,i am lad when newbie posting something they dont know,and higher member help them,its look like the function of this group more shown.
and also i always apreciate to them who help newbie like this ;D

you rent a rig and pay the amount they ask, then you point that rig to a pool or to your computer if you want to solo mine, very easy, just write the address in the field there i miningrig

if there are trouble, their support is top notch, will resolve everything automatically, and refund you

Haha yes we like Bitcoins right and we wish for that bitcoin be succesful.

So yeah helping Newbies is a good thing to do so that Bitcoin will be use probably.

I had thinked  that the miningrigrentals were all auto the provider would create the miner and asking us just the adress to get the coins,but it looks very easy to who has a miner ,as i havent any kind of it it were a bade investment to me i had been refunded once from two rigs and left.

really hard to believe cloud service for now,after so many accident happen on many scam website,and now you can find that your bitcoin cloud service is suspected scam. https://www.cryptocoinsnews.com/scam-alert-bitcoin-cloud-services/
CCN have post it,you can check.

One of the very few cloud mining providers I can recommend is Genesis Mining.
They've gone out of their way to prove that they are actually mining and  they've been pretty transparent about their operation.

If their plans will be profitable is another question :)

In the past there were many Cloud Mining services available. Some of them are legit, but some of them are Ponzi scheme or other form of scam.
Unfortunately Cloud Mining services can be easily exploited as user can't have enough control over the service. Be very cautious about investing in any cloud mining now.

Genesis Mining is probably the worst deal you can find. Why? Once you buy hash you are stuck with it. They prey on new miners who do not take the time to research the alternatives. At least when you buy from Hashnest you can turn around and sell on their exchange same day if you wish. Genesis Mining has nothing to compare with Hashnest offerings. Hashnest also has no affiliate program which is a plus.

Cloud minng is difficult for customers now. The difficult will rise a lot with the new Bitmain S7 and Avolon A6.

Genesis mining isnt being able to pay any satoshis from the last drop into the price even bitcoin getting more value i keep not being credited any pennie soo avoid genesis ,as they can keep paying a share to you.