Bitcoin Forum

Hey guys.....I am new to this cryptocurrency world  :).So I have done some research 8) but still don't know many things...that's why i want to know about a legit cloud mining site in which i can invest ..,,,and yes i know about scrypt.cc (PONZI).so don't suggest that  8)

It kinda depends on how much money you want to loose? Loosing money is the most likely outcome of cloud mining. Think about it. If the operators had profitable miners then why would they tell you? That's not to say it is impossible to be profitable, just unlikely.

Look at the picture below. That is what a profitable mine looks like. The days of homebrew are mostly over.  Still, you might be interested in learning more than money. In that case you could learn a lot mining.

http://31.media.tumblr.com/b306a2e0a54180a878dea47cde4b47ce/tumblr_inline_nb2p6gus311qegt1f.jpg

Well not really the best as most cloud mining sites are practically scam sites with a high tendency of running away with your invested money but there's one in particular that is being operated under a reputable asic mining company (Bitmain) and it's name is "HASHNEST". They have a higher chance of not running away with your money so take a look at their thread here: https://bitcointalk.org/index.php?topic=766448.0

Hashnest is only one I send people to anymore.  You know you are getting a legit miner or amount of hash.  You know they will not run off as mentioned, they are going to going to be a "good" cloud provider.

My biggest advice is for OP to avoid ones that push for sales on forums.  I know one in newbie thread that does this a few times a month.   So watch out for this, as it is sad but a lot of cloud try to get new members before they know better.

None. end of story. I've seen lots of people already complaining about cloudmining. its much like gambling so why not start playing dice or poker now you'll have better chance of earning.

And then again! There's a whole lot of section dedicated for gambling so take the plunge!

Why bother with a 'cloud mining' service when you can rent actual hash that you control and can point wherever you want from places like Nicehash or Betarigs?

Yes, i've seen good reviews about hashnest but one thing i don't understand is "Their platform of bitcoin mining".after investing our coin what do we get through which we can mine bitcoin?

Bitcoin cloud mining will never be profitable anymore. Specially right after the upcomming halving, Hash power will cost much more and you will only get a neatuve profit from it unless you will purchase tons of hash power. Also I find it hard to see cloud mining websites to stay legut for a very long time.
I you want tomine, buy a hardware, don't rely on cloud mining. You will only lose your money in it.

you can believe in hashnest in 98%, ROI is slow and earning is degresive, because difficult is rising, but the most trusted cloud mining site.

second i can recommend hashocean. i think its ponzi, but they are paying more then 10 month without any problem and income is better than hashnest, you can try it, but dont risk too much money. if you will try hashocean,pm me, i will give  you my ref link and then return 50% from your earning

Correct. I doubt it was profitable at all  honestly. Since so many miners who bought hash, even at hashnest or the good days of scrypt.cc did encounter enormous difficulty encounters, which makes it hard to get ROI or even come close to ROI.

Well it's an old thread I know but I should share that http://hash-flare.win has black Friday specials on right now. I've yet to hear anything negative about them. And I have turned a profit mining Zcash believe it or not.

There isn't any.

All scam. They make money from your references and you also do. Mining itself has so little profits. Even if it was, they wouldn't share it with you, think about it. Every cloudmining business out there has a reference/ponzi system. Because they make their money like this, not from mining.

You've yet to hear anything negative because it appears nobody prior to your post had ever mentioned hash-flare.win, which is suspicious particularly given your post history shows you eagerly promoting other equally-suspect .win websites.

So I'd take anything you have to say about these likely scams as being borderline shilling.

Tread carefully.

Haha :D Yeah. Maybe he was an investor of that site that is why he is promoting Hash-Flare and he doesn't want a  bad reputation in that site to prevent the lost of potential investor. Well for me, I will not engage in cloud mining because they are all scam. I'd rather choose trading which is much safer and will generate much higher profit for me.

That one hashocean made profit for many investors, but scammed everybody in the end. Invest on cloud mining makes no sense, very dangerous, they steal your money any moment, I prefer to bet on casino sites. You control your money every moment, you can cashout any moment.
You are aware every moment about what is happen, different from cloud minings, which you just send your money to their dirty hands and they do what they want with your bitcoins.

All cloud mining operations are ponzis. If they haven't been found out to be ponzis yet it's because they haven't stolen people's money yet. Don't jnvest* in any of them. Ever.

* investment will actually be a donation

There are some exceptions to that rule, for instance https://www.hashnest.com/ (https://www.hashnest.com/) is operated by Bitmain, the producer of the Antminer and it is 100% legit cloud mining service.
Same with https://www.genesis-mining.com (https://www.genesis-mining.com) - the largest bitcoin cloud mining provider.

But most people who ask about cloud mining don't care about mining itself - they want to invest the money and gain profits, mining is just an excuse for it.

For me, none. You will just end up losing all you invested. Investing in a cloud mining sites doesnt assure you they will give decent profit or worst you will not regain the money you invested. Its just a waste of time and money. https://www.genesis-mining.com/. Thats what i know legit cloudmining site. You can try it if you want. I suggest dont put all your money at any cloudmining sites.

something else that everyone should keep in mind about cloud mining is the profit that you can get from this type of investment. because whenever there is talk about a cloud mining service there are two categories:
- scams (Ponzi) which is obviously offering high profit but will run away mid way and leave you at a loss.
- not scam: in this category which I have not been seeing any services lately, the ROI is terrible which means you are letting your money sit idle and not really get anything out of it and if you had invested in anything else you would have gotten a lot more return than a cloud mining with lots of different fees that they deduct.

I don't know what mindset people got for still researching some good cloudmining existing online, while surely there's no good site among them afterall, they are just been here to scam people and i dont think its a good choice to invest at them, we cannot earn some money in their thats why we should not try to spend money eventhough someone says that they are good,

Try to backread those past threads here and you can find how worst the cloudmining business is, and i dont recommend it to anyone.

I don't use cloud mining to earn because I think I am not capable of it also I didn't get much profit from cloud mining.I know that Hashflare,Genesis mining,Minex and hashnet is the legit cloud mining website.
I will recommend Genesis mining because it's the biggest & scrypt cloud mining provider.