Are the cloud mining sites to go scam?

[Max187Boucher]

I think cloud mining sites are not a scam but HYIP's. If any bitcoin website offers a ROI under 3 months it is most likely not going to last very long. All the double your money websites those are scams and not even a HYIP. I like to invest in new cloud mining but i only invest in the first months then wait for my ROI and when ROI then that is profit. I did fall into scams like someone mentioned in this thread, it takes a year or a bit more then you understand how it really works.

Gambling is not better then cloud mining, in cloud mining you have a low risk for 4-5 months then its high risk while gambling you are always risking, who ever made lots of money gambling? honestly before losing about 10 times the amount you won? Now that is scam.

Another example is scrypt cc, boy did i ever make money on that site! First year I cleared about 1.5 BTC with about 0.25 BTC to start, of course this was with the help of trading, the. I withdraw my coin for a while invested in a safe place for 4-5 months then i saw the site was still going strong and paying so i decided to give it a shot, put my 1.5 btc back into it made it up to 2 BTC in about 1 week of trading (they used to havle).

Then after one week winning 0.5 btc I thought this must be my lucky day so i withdraw all in one shot 2 btc and it never got throught, never returned, support never contacted me back.

I was interested in cldmine then topmine but they offered similar rewards so i do not trust topmine since cldmine closed. Now I am trying minerfarm and cloudminergame, so far they have been paying only minerfarm seems to be getting trouble, hopefully it gets resolved soon.

Anyways just some thoughts I had.

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[Seansky]

Everyone should stay away from cloud mining sites since that they turn to scam eventually. Even hashocean runned away, the one  who is branded as one of the most trusted cloud mining site is gone so now what? That proves that every cloud mining sites will eventually run even the most trusted ones will it will just make you trust them.

[pooya87]

Just a thought,
After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.
Right?
Then what about the mining companies like hashocean? Will they shutdown?
Replies are welcome.
Ps: Correct me if I'm wrong on any thought.

as we can see now, hashocean turned into scam even before halving. but in general this has nothing to do with halving but the cloudmining service itself. they are the problem because they are running a fake mining operation to start with. they don't even have mining equipment and they only sell fake hash power as a ponzi scheme to people who fall for it.

[blockgators]

If the cloud mining site is a Ponzi they could care less about the halving, will stay afloat as long as new investors send funds allowing them to make payouts.

I agree with you. There's only one site that I think is legit (maybe more legit mining sites out there) and that is HashNest. HashOcean um um um.

[afriezalie]

After halving, many trusted cloudmining company maybe will close their service because of non-profitable mining. They are not a scammer, they only go bankrupt because the block reward is halved but the price increment isn't proportional and they will end up with their own electricity bill. Real mining even with S7 and new GPU will be harder after halving.

But mayber there's cloudmining company which survive from the halvng, of course with lower payout. Lower payout isn't a problem for me as long as they still do mining.

[Enotche]

Cloud Mining in 80% of cases - it is usual HYIP-pyramid, that is fraud. Real cloud mining where mining does have a farm on the fingers of one hand can be counted. Everything else - scam.
Well, a couple of photos allegedly making them a real farm, and the user makes a deposit and his beautiful figures painted in a private office, although this emulation and more or anything. You just do your contribution and deduct a percentage.
Not when you do not understand the cloud of mining, because with such a success of any HYIP can be created and then say they say the equipment is not paid off and closed, and whether the equipment was? ..

[DoublerHunter]

If the cloud mining site is a Ponzi they could care less about the halving, will stay afloat as long as new investors send funds allowing them to make payouts.

I agree with you. There's only one site that I think is legit (maybe more legit mining sites out there) and that is HashNest. HashOcean um um um.

We can't be sure on the cloud mining sites out there because even the "most" trusted and on the top 1 of the reviews or rating about cloud mining sites gone wrong and just to turned to scam and that is hashocean. It's better to spend your bitcoin on other ways like trading or other ways that you are the one who will take control of and you will feel more comfortable than investing.

[ardentvolcanoes]

I think cloud mining sites are not a scam but HYIP's. If any bitcoin website offers a ROI under 3 months it is most likely not going to last very long. All the double your money websites those are scams and not even a HYIP. I like to invest in new cloud mining but i only invest in the first months then wait for my ROI and when ROI then that is profit. I did fall into scams like someone mentioned in this thread, it takes a year or a bit more then you understand how it really works.

Gambling is not better then cloud mining, in cloud mining you have a low risk for 4-5 months then its high risk while gambling you are always risking, who ever made lots of money gambling? honestly before losing about 10 times the amount you won? Now that is scam.

Another example is scrypt cc, boy did i ever make money on that site! First year I cleared about 1.5 BTC with about 0.25 BTC to start, of course this was with the help of trading, the. I withdraw my coin for a while invested in a safe place for 4-5 months then i saw the site was still going strong and paying so i decided to give it a shot, put my 1.5 btc back into it made it up to 2 BTC in about 1 week of trading (they used to havle).

Then after one week winning 0.5 btc I thought this must be my lucky day so i withdraw all in one shot 2 btc and it never got throught, never returned, support never contacted me back.

I was interested in cldmine then topmine but they offered similar rewards so i do not trust topmine since cldmine closed. Now I am trying minerfarm and cloudminergame, so far they have been paying only minerfarm seems to be getting trouble, hopefully it gets resolved soon.

Anyways just some thoughts I had.

It is sure that the cloud mining services will go to scam like what happened to hashocean topmime and cldmine you cannot say that it is legit amd trusted just because it is paying and you have got your ROI . So don't be sure and not easily trust those websites it can be considered to be a legit and trusted if they actually have a certificate and any legal documents of their site and also a real identity of the operators and owner of that site .

[HarryKPeters]

Almost all cloud mining are scams.
The only legit is hashnest, but don't get fooled. Meaning it's legit doesn't mean you will get money.
In fact you will lose your moey even if you go with a party as hashnest.

[shield132]

I think that real cloud mining websites like hashnest won't get scam, because it's legit and Bitmain own's it, which also sells AntMiners. So hashocean and similar websites will go to scam.

[goldcoinminer]

I think that real cloud mining websites like hashnest won't get scam, because it's legit and Bitmain own's it, which also sells AntMiners. So hashocean and similar websites will go to scam.

We can't be certain because most of the cloudmining sites goes to scam, one thing you need to put in mind that when you invest you only need to put the money you can afford to lose because we never know their performance in the future whether they will remain profitable or not.

[pearnapple]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

It's depend to them if they will shutdown their mining rigs but i think that they will continue mining bitcoin or other cryptocurrency because if they find out that the bitcoin is no more profitable in mining they will find another one to sustain their users.

in my opinion bitcoin cloud mining websites dont depend on anything, to be honest i think that they most of them are just scams that sooner or later go bust

in my opinion you should never invest into any cloud mining wwebsites as they might easily turn to a scam and make you lose all your money, i would definitely never do that

[OrangeII]

well, all sites Minning cloud I've ever played, all of them being a scam within a few months. and worse, yet gains even my money back 100%. is currently very difficult to find a site Minning cloud that actually makes a profit

[serjent05]

I think that real cloud mining websites like hashnest won't get scam, because it's legit and Bitmain own's it, which also sells AntMiners. So hashocean and similar websites will go to scam.

We can't be certain because most of the cloudmining sites goes to scam, one thing you need to put in mind that when you invest you only need to put the money you can afford to lose because we never know their performance in the future whether they will remain profitable or not.

Pretty much, most of the cloud mining scheme are like pay-in, pay-out.  A ponzi indeed.  They offer a services which is actually there is non and askyou to purchase it.  Then they will give you ROI by whatever they schedule it and make a payment of x% of what you pay them. Then other follow.  So basically they are just giving you the percentage of what you gave them and eventually when they feel that they have collected enough they will either run or declare bankruptcy.  Even legit cloudmining are shutting down due to mining profit issue.  So better go away from this cloud mining scheme.

[peta4e]

Till date we have experienced that majority of sites turned out to be scam, and I hardly saw any positive feedback from any user for any particular site, so it would be wise not to  invest in it.

[bit1]

By the way, recently was ringing the bell with  hashocean, I did not put much attention, someone knows something?

[Nevis]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

Hashocean has no mining facilities and it is actually a ponzi scheme. They are not liquid and not transparent they dont show the video or picture of their facilities their officers. Almost all are unknown about them and their scheme of mining bitcoin is questionable. Other mining companies may shut down if maintenance kick their backs but others will go on since they already have prepared for the difficulty of mining. It is still safe to invest on mining but just check their background first before investing to avoid scams.

[groll]

as far as my experience to the cloud mining sites, it is always a scam before your money back. Well I've been several times to join in such sites, and as a result I lost my bitcoin

Have you ever tried genesis mining. It is one of the best mining company online. They are very legit and transparent. Another one is hashnest they are very legit since they produce their own mining hardware like the antminers the only setback is you should have at least 0.8 of investment to redeem your powers when the current unit is down but so far they are doing good. Not all mining are scam you just need to find the one who are not.

[freedomgo]

as far as my experience to the cloud mining sites, it is always a scam before your money back. Well I've been several times to join in such sites, and as a result I lost my bitcoin

Have you ever tried genesis mining. It is one of the best mining company online. They are very legit and transparent. Another one is hashnest they are very legit since they produce their own mining hardware like the antminers the only setback is you should have at least 0.8 of investment to redeem your powers when the current unit is down but so far they are doing good. Not all mining are scam you just need to find the one who are not.

Exactly, but how profitable investing with that sites your talking about because I have invested before in a site goes to scam and they are giving me like a 20% per month profit.

[Corenin]

I have never invested my bitcoins in cloud mining sites and always have preferred to stay away from it, in fact I would love to loose it in gambling instead of getting cheated.