What is a good cloud ming site

[goldkey0070]

I've been in the game for about a year.Ive made a bitcoin website that has the best faucet list for referrals http://bitcoinfaucetrelay.com . I have have made a faucet with the earning from those referrals  http://dimensionalbtc.ddns.net . I am now bored with this and want to move on to bigger and better things. I came across something called cloud mining and wanted someone to tell me where is the best site that is not a scam and has anyone heard of this site https://scrypt.cc   .  I need advice where to invest or invest at all, what to expect or any advice you can give me....Thanks

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[nachoig]

You should read this first: https://bitcointalk.org/index.php?topic=878387.0

[pedrog]

My advice is stay away from everything that says 'cloud mining'.

[bigbitmine]

I rent from Nicehash.  Works for me.

[goldkey0070]

So are they all pozie's??? If there pozie they might work now but not for long.....I dont want to drop 1,000$ into a sinking ship

[goldkey0070]

My advice is stay away from everything that says 'cloud mining'.

Are they all Ponzi's?

[pedrog]

So are they all pozie's??? If there pozie they might work now but not for long.....I dont want to drop 1,000$ into a sinking ship

If they don't provide proof of hardware ownership you can assume it is operating as a ponzi, and this is the most probable scenario.

[goldkey0070]

So what advice can someone give me to make more bitcoin?  Is it true you can mine Altcoins on a GPU and trade for bitcoins? See i don't have any direction, i need a mentor or someone to tell me which way to go on this quest for bitcoin.I am turning a profit on my faucet but its to slow....any ideas for me where to go, read, learn, etc.

[mrhelpful]

I really wouldnt recommend it, unless you have btc to waste incase if it does go south.

Most of them turn out to be some higher level of a ponzi, that crumbles way later since they wont explain if they have hardware or the physical location of the place hosted. Details like small questions wont go answered is a sign.

[goldkey0070]

Yea, i think its best to not take that road...Im looking for a new road but don't  see any...

[nwfella]

So what advice can someone give me to make more bitcoin?  Is it true you can mine Altcoins on a GPU and trade for bitcoins? See i don't have any direction, i need a mentor or someone to tell me which way to go on this quest for bitcoin.I am turning a profit on my faucet but its to slow....any ideas for me where to go, read, learn, etc.

It's absolutely possible to mine more profitable alt-coins with your GPU's and trade them for bitcoin.  The primary problem most people have is electricity isn't free.  Unless your paying in the neighborhood of 0.02/USD/KW/H to 0.035/USD/KW/H you can pretty much forget about any real profitablity with GPU mining.

*Hint, check out coinwarz.com or any number of similar sites and filter by the X11 based (and derivatives, X13, etc.) algorithms, they are probably your best bet insofar as profitability and power consumption currently.

Theres also a great set of Profitability Calculators that allow you to enter the hashrate stats for your particular GPU along with other variables such as Pool Fee's, electricity costs, unit cost and basically gives you a breakdown of current profit earning potential.  Just be aware, current earnings will fluctuate...mostly in the downward direction!

[Amph]

Yea, i think its best to not take that road...Im looking for a new road but don't  see any...

join a signature campaign, but rise your activity first

or if you are in a hurry, you can join 777coin campaign, which allow newbiew too, however payment isn't that great

[Webnet]

nicehash seems good for me.

[bigbitmine]

nicehash seems good for me.

Hell yeah!  Making a fortune!  What pool do you mine?

[godidi]

"Cloud Mining" ? Not good ideas for earning money. Low Profit but high risk. 4-5 months ROI .

[cakir]

I'm using Hashnest (by Bitmaintech one of the largest ASIC manifacturer) based in China.
Mostly I'm buying and selling UMISOO hash power on daily basis.
Bitcoin price and UMISOO price are connected somehow and you can predict the future price of it via Bitcoin price.

[techgeek]

I'm using Hashnest (by Bitmaintech one of the largest ASIC manifacturer) based in China.
Mostly I'm buying and selling UMISOO hash power on daily basis.
Bitcoin price and UMISOO price are connected somehow and you can predict the future price of it via Bitcoin price.

Op, if you do decide going with what he/she suggested I would do your own homework. yeah its a common decent recommendation, but you have to know that their are other choices as well just as good.

Given example, comparing performance wise with the same cost of their machines to Spoondlies. They too also just started this, and have accepted even credit cards to buy your hashes, I think this route is way better.

If stuff happens you can at least protect yourself and call on a fraud case or open one.  Esp, if you are going to buy a bunch of hashes.

[Reynaldo]

Bit-x has a confirmed cloud mining system, bitfury holds their hardware, you could try it there but usually mining at home with free electricity is the  way to go, or look into altcoins to mine and try to profit on one of those pump and dump.

[ThunderCatSteve]

I reccomend www.betarigs.com

Setting up a cloud miner is simple and takes less than 10 minutes.

You register > Search for what kind of miner, ( they have every type available )
You rent it > Send btc to required address > Once it hits 1 confirmation the miner automatically starts up and goes to mining your pool.


I've been using them for about a week, and it's awesome.

[bigbitmine]

I reccomend www.betarigs.com

Setting up a cloud miner is simple and takes less than 10 minutes.

You register > Search for what kind of miner, ( they have every type available )
You rent it > Send btc to required address > Once it hits 1 confirmation the miner automatically starts up and goes to mining your pool.


I've been using them for about a week, and it's awesome.

Betarigs has turned to shit.  Try Nicehash instead.  You rent hash instead of rigs so you always get exactly what you want.