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Author Topic: Is there some Reliable and Cheap Cloud Mining Provider?  (Read 1194 times)
rkandrades (OP)
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September 28, 2015, 10:22:57 PM
 #1

I'm thinking to start with some mining cloud...

But I want to start with low investments. I would like to pay with bitcoins.

Is there some reliable cloud mining provider this way?

What do you recommend?

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kpitti
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September 29, 2015, 08:04:58 AM
 #2

I'm thinking to start with some mining cloud...

But I want to start with low investments. I would like to pay with bitcoins.

Is there some reliable cloud mining provider this way?

What do you recommend?

This is a most important question, I would wonder if there is one which is realy Reliable and Cheap. So far I am not aware of any.
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September 29, 2015, 10:08:18 AM
 #3

Hashnest PACMIC v3 contracts.

 IMO ignore anything else for cloud-related stuff.

I'm no longer legendary just in my own mind!
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September 29, 2015, 10:44:22 AM
 #4

Why would they rent the hardware to you if it would generate more coins than you are paying?
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September 29, 2015, 12:46:48 PM
 #5

You should find a cloudmining with real mining activity.
you can check on my signature.
rkandrades (OP)
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September 29, 2015, 12:47:12 PM
 #6

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

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rkandrades (OP)
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September 29, 2015, 12:48:01 PM
 #7

You should find a cloudmining with real mining activity.
you can check on my signature.

Is this a real recommendation or are you just a seller?

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leex1528
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September 29, 2015, 12:48:12 PM
 #8

I haven't seen any reliable cloud mining provider.  I would just say proceed with caution.  I am quite certain every cloud mining thing has just been a scam so far, lots of Bitcoins have been lost and hopefully that doesn't happen to you but make sure you do your research.  As someone else pointed out, why would a cloud mining company rent their own equipment to you and not make any money?  If it seems to good to be true, it usually is.
Bluto
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September 29, 2015, 12:55:16 PM
 #9

I haven't seen any reliable cloud mining provider.  I would just say proceed with caution.  I am quite certain every cloud mining thing has just been a scam so far, lots of Bitcoins have been lost and hopefully that doesn't happen to you but make sure you do your research.  As someone else pointed out, why would a cloud mining company rent their own equipment to you and not make any money?  If it seems to good to be true, it usually is.

AFAIK, Hashnest is the only one not proven to be scam so far. Not sure about ROI, I don't cloudmine. Look what happened to scrypt.cc? No thanks you. Sad
rkandrades (OP)
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September 29, 2015, 12:58:19 PM
 #10

I haven't seen any reliable cloud mining provider.  I would just say proceed with caution.  I am quite certain every cloud mining thing has just been a scam so far, lots of Bitcoins have been lost and hopefully that doesn't happen to you but make sure you do your research.  As someone else pointed out, why would a cloud mining company rent their own equipment to you and not make any money?  If it seems to good to be true, it usually is.

This was a good advice...

I'm almost giving up for mining.

The bitcoin world is worse each day... Each step needs to be made with high caution...

:T

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September 29, 2015, 01:01:10 PM
 #11

I wouldn't do it.

there's not a single legit cloud miner out there nowadays. All of them are kind of shady or just plain ponzis.

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September 29, 2015, 01:02:10 PM
 #12

I haven't seen any reliable cloud mining provider.  I would just say proceed with caution.  I am quite certain every cloud mining thing has just been a scam so far, lots of Bitcoins have been lost and hopefully that doesn't happen to you but make sure you do your research.  As someone else pointed out, why would a cloud mining company rent their own equipment to you and not make any money?  If it seems to good to be true, it usually is.

AFAIK, Hashnest is the only one not proven to be scam so far. Not sure about ROI, I don't cloudmine. Look what happened to scrypt.cc? No thanks you. Sad

I am not 100% sure of AFAIK and hastnet.  But what I do know is this:  If people are able to mine a lot of coins themselves, why on earth would they allow you to take their profit and not just do it themselves.  Thats like me hiring a worker for 20 dollars an hour to do everything I want, he is going to make me 50 dollars an hour.  Why on earth would I hire another guy for 10 dollars an hour, when I am still only going to make 50?  Poor example but you get the point.
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September 29, 2015, 01:03:50 PM
 #13

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.
rkandrades (OP)
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September 29, 2015, 01:26:30 PM
 #14

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.

I agree. It makes sense...

Well... I have some old computer which still turned on all the day. They work as a kind of server...

Is there some way to keep them mining?

I don't want lots of profit. Just some satoshis a day. The propose here is to help me to support my faucet balance. Smiley

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avatar_kiyoshi
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September 29, 2015, 03:15:33 PM
 #15

You should find a cloudmining with real mining activity.
you can check on my signature.

Is this a real recommendation or are you just a seller?

https://bitcointalk.org/index.php?topic=878387.0
they're the one of legit cloudmining. Hashnest is legit too.
ranochigo
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September 29, 2015, 03:19:49 PM
 #16

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.

I agree. It makes sense...

Well... I have some old computer which still turned on all the day. They work as a kind of server...

Is there some way to keep them mining?

I don't want lots of profit. Just some satoshis a day. The propose here is to help me to support my faucet balance. Smiley
Since they are old, they probably won't be able to produce lots of hashrates. Turning them on would essentially yield you 0 profit as mining pools have relatively high payout threshold and it would take years and years for you to even withdraw. Since it is also being used as a server, the high heat could cause hardware degradation and potentially cause hardware failures.


Hashnest is the potential legit one as they are backed by bitmain. Notice I used potential. Even with actual hashrates, the owner can still run away with the funds, look at friedcat, he was one of the more trusted people on Bitcointalk but now people are accusing him of scamming tens of thousands of dollars from his mining contract.
You should find a cloudmining with real mining activity.
you can check on my signature.

Is this a real recommendation or are you just a seller?

https://bitcointalk.org/index.php?topic=878387.0
they're the one of legit cloudmining. Hashnest is legit too.
That's outdated, its last updated on 9 March 2015. See how they listed AMHash s legit? Yes, they scored the best and still turned out to be scam.

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rkandrades (OP)
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September 29, 2015, 09:18:50 PM
 #17

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.

I agree. It makes sense...

Well... I have some old computer which still turned on all the day. They work as a kind of server...

Is there some way to keep them mining?

I don't want lots of profit. Just some satoshis a day. The propose here is to help me to support my faucet balance. Smiley
Since they are old, they probably won't be able to produce lots of hashrates. Turning them on would essentially yield you 0 profit as mining pools have relatively high payout threshold and it would take years and years for you to even withdraw. Since it is also being used as a server, the high heat could cause hardware degradation and potentially cause hardware failures.


Hashnest is the potential legit one as they are backed by bitmain. Notice I used potential. Even with actual hashrates, the owner can still run away with the funds, look at friedcat, he was one of the more trusted people on Bitcointalk but now people are accusing him of scamming tens of thousands of dollars from his mining contract.
You should find a cloudmining with real mining activity.
you can check on my signature.

Is this a real recommendation or are you just a seller?

https://bitcointalk.org/index.php?topic=878387.0
they're the one of legit cloudmining. Hashnest is legit too.
That's outdated, its last updated on 9 March 2015. See how they listed AMHash s legit? Yes, they scored the best and still turned out to be scam.

Translating in a few words: Don't mine. hehehe

Had someone the idea to make some game or application which uses its massive client's computer to mine like slaves?

Do you know some application working this way?

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September 29, 2015, 10:40:01 PM
 #18

Why would they rent the hardware to you if it would generate more coins than you are paying?

I'm not saying I will pay less than their costs.

But Would be great to make an investment for achieving the ROI in four or five months.

Why would they rent you a miner that will roi in 4 or 5 months instead of just mining themselves. If you give them x and the machine will generate x coins in 4 or 5 months, it doesn't make sense for them to do this because they will just get more than x bitcoins in 6 months.

I agree. It makes sense...

Well... I have some old computer which still turned on all the day. They work as a kind of server...

Is there some way to keep them mining?

I don't want lots of profit. Just some satoshis a day. The propose here is to help me to support my faucet balance. Smiley

So why are you going to pay someone to give you back that amount of bitcoins over time? Just bite the bullet and buy some coins. It doesn't make sense to run a legitimate cloud mining operation. They will sell their hashpower for X BTC. If the miners will generate more than X BTC, they are throwing money away by renting the hashpower to you, they would just run the miners themselves. If the miners will generate less than X BTC, they are throwing money away by paying for the miners and the electricity needed to run them because they can just give you back part of your own coins.

Stop looking for people to give you free money, it's not going to happen.
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September 29, 2015, 11:36:32 PM
 #19

Hashnest.... hrmm... 1th/s "contract" = .666btc or, @ 239USD/btc ~159USD for 120 days of alleged mining (or 130 days if it fails to "ROI" in the 120 days).

http://www.coinwarz.com/cryptocurrency

Approx (as of this post) profitability of $0.60 per th/s, assuming 600W electric and 0.10USD/kW, per day.  Multiply by 120 and that leaves you with 72USD.  This is assuming no further decreases in value or increases in difficulty.  130 days will net you another 6USD.

In my opinion, the math doesn't add up.  You'll have more btc in your wallet if you just purchased it directly... in my opinion.

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September 29, 2015, 11:45:53 PM
Last edit: September 30, 2015, 12:03:10 AM by Paul Revere
 #20

I'm thinking to start with some mining cloud...

But I want to start with low investments. I would like to pay with bitcoins.

Is there some reliable cloud mining provider this way?

What do you recommend?

I am the most reliable Cloud Miner in the world. Just send me your BTC and over the length of the contract keep watching the sky. Guaranteed clouds. Sometimes the daily luck is better than others and you get a total overcast or even rain, and now and then there is a drought, but it all averages out. And Cheap? Well, how much BTC ya got? I bet I have a package designed for that exact amount. Make sure to keep your Cloud payouts set to "Auto re-invest" for maximum yield.  Wink

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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