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Author Topic: Too many mining site were closed?Halving is near what happen to the bitcoin?  (Read 1703 times)
roby25
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June 29, 2016, 02:03:24 AM
 #1

who can we trust about mining?do we have any source on how to get bitcoin?
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June 29, 2016, 02:07:00 AM
 #2

It's Cloud Mining site that pretends that they are mining but in reality they are not so eventually those cloud mining site will collapse or run away with investors money because they only pay money from new or fresh investments. They cant even show photos of their rigs or their operation. Scripts of this type of websites are even readily available in web for a few bucks. Bottom line, never ever trust those cloud mining sites.
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June 29, 2016, 02:15:53 AM
 #3

who can we trust about mining?do we have any source on how to get bitcoin?
It just cloud mining are being closed now , There are many cloud mining sites that are closed now, The number 1 trusted cloud mining site is hashocean but now its closed. and im hoping that this will be back

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June 29, 2016, 02:36:50 AM
 #4

Actually they are not mining, Most cloudmining site actually ponzi. They dont even have mining equipment.
What they need is to take much investor to invest their money and after the owner get much money they ran away

If you want mining just buy your own mining equipment and mining for yourself, it will not turn into scam
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June 29, 2016, 02:53:30 AM
 #5

I think most cloud mining wear ponzi system, so they have a short period of time. Because in the absence of the person who entered into the ponzi system (new) then she will not be able to rotate funds obtained. So if you want to get a steady income you can store your BTC and wait for prices to rise, after it bought a BTC when prices fall. so on
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June 29, 2016, 03:09:02 AM
 #6

who can we trust about mining?do we have any source on how to get bitcoin?

I will never trust them. Cloud mining service's are just  schemes for taking money, I doubt they really mine anything. In beginning you can make some money, but these site's will just be turned off in one moment, that is fact, question is just when, after month, six month's, maybe a year if they are good.
I think same people make this site's, they turn off one, make new name, new domain, everything is different except story behind it.
After this situation with hashocean I think people should be more careful with this kind of services. Never invest more then you can afford to lose, its like with gambling. Just gambling is better then cloud mining.

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June 29, 2016, 03:15:08 AM
 #7

who can we trust about mining?do we have any source on how to get bitcoin?
It just cloud mining are being closed now , There are many cloud mining sites that are closed now, The number 1 trusted cloud mining site is hashocean but now its closed. and im hoping that this will be back
I think it will not come back because now they're enjoying our bitcoins and enjoy earning profit by holding their stolen bitcoins. The lesson that we learned from hashocean is don't trust anything on online because we don't where they are located and we don't know who are they in real life. They are just using the cloud mining to be look legit but it's ponzi scheme and will be scam soon. So don't waste you money on investment sites.

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June 29, 2016, 03:17:54 AM
 #8

who can we trust about mining?do we have any source on how to get bitcoin?
It just cloud mining are being closed now , There are many cloud mining sites that are closed now, The number 1 trusted cloud mining site is hashocean but now its closed. and im hoping that this will be back
I think it will not come back because now they're enjoying our bitcoins and enjoy earning profit by holding their stolen bitcoins. The lesson that we learned from hashocean is don't trust anything on online because we don't where they are located and we don't know who are they in real life. They are just using the cloud mining to be look legit but it's ponzi scheme and will be scam soon. So don't waste you money on investment sites.
obviously,even they just shutting down their website,some of ponzi cloud mining still want to scamming by telling to their user to send bitcoin around ~0.1 to address which is given through email promising will give refund if btc has been sent which is obvious scam

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June 29, 2016, 03:21:33 AM
 #9

That's why they are called Ponzi for a reason. Once they get enough profits, they will shut down.
Which is why many people here have always reminded us, and will continue to do so, to avoid these 'cloudmining' sites whether they appear to be legit or not because in any day, they will shut down.
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June 29, 2016, 03:27:05 AM
 #10

The source to get bitcoin is buy it off a exchange.
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June 29, 2016, 03:36:16 AM
 #11

who can we trust about mining?do we have any source on how to get bitcoin?
you can trust yourself by simply buying a mining rig/hardware such as R9 380X VGA by AMD or GTX 980 for your private mining tool or even ASIC hardware,because you know,no one is trusted in this world even even it's your friend still have the possibilities to rip you off

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clickerz
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June 29, 2016, 03:38:31 AM
 #12

who can we trust about mining?do we have any source on how to get bitcoin?
you can trust yourself by simply buying a mining rig/hardware such as R9 380X VGA by AMD or GTX 980 for your private mining tool or even ASIC hardware,because you know,no one is trusted in this world even even it's your friend still have the possibilities to rip you off

In short, its only you whom you can trust. And furthermore, hashocean in their case, the are a cloud mining company not a real mining because they dont have mining farms or rigs. Its a ponzi or sort of HYIP and not sustainable in the long run.

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June 29, 2016, 03:51:50 AM
 #13

Yeah many investor already know what will happen to mining when halving is happening, so most of them avoid to use mining, for temporary i dont think you can trust any mining site yet, you need to wait and see what will happen after the halving

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June 29, 2016, 03:55:01 AM
 #14

who can we trust about mining?do we have any source on how to get bitcoin?

I think you can still trust mining. Because without mining bitcoin, bitcoin will become extinct / discharged. But I think you mean is cloudmining, for cloudmining long ago I never believed. Because I do not really cloudmining bitcoin mining in general but only a mere investment program. Thank you
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June 29, 2016, 03:56:24 AM
 #15

i am not pushing the site, it is an example and there are many of them.  miningrigrentals is a site that allows you to rent hash on another persons machine or group of machines.  we had several on there for some time and just stopped.  we all know that most hardware cannot pay for itself versus the cost, but we had a few that made some money and we also had them on that site.  when no one was renting the machines mined as normal to a pool of our choice and when someone rented the rigs they went offline from the pool and worked for the renter

sites like these allow you to rent hash in a shorter term and therefor you are in and out quickly, without anything stored there.  crytopia had a mining option that was similar, but still based on cost calculations and "payouts" versus actual work being done on a machine.  



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ObscureBean
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June 29, 2016, 04:17:54 AM
 #16

I'd be extra careful with mining sites right now. There is a lot of speculation about the halving but nobody knows for sure how it will affect the network and that includes mining companies. It could well be that more companies shut down after the halving, it might be a good idea to refrain from investing for now and wait to see how things evolve.
Cryptonitex
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June 29, 2016, 04:23:16 AM
 #17

It's Cloud Mining site that pretends that they are mining but in reality they are not so eventually those cloud mining site will collapse or run away with investors money because they only pay money from new or fresh investments. They cant even show photos of their rigs or their operation. Scripts of this type of websites are even readily available in web for a few bucks. Bottom line, never ever trust those cloud mining sites.
Never did... Never will.
Yakamoto
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June 29, 2016, 04:23:31 AM
 #18

Cloud mining or contract mining sites have typically never been very trustworthy, in my opinion, mostly due to the fact that they offer small returns and the company is making more money off of you owning the contract than they would if they were to mine themselves, so you can already tell they're aiming to exploit you.

But cloud mining has never and likely will never be accountable, and has been a trust-based system.
chineseprancing
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June 29, 2016, 04:31:43 AM
 #19

Actually they are not mining, Most cloudmining site actually ponzi. They dont even have mining equipment.
What they need is to take much investor to invest their money and after the owner get much money they ran away

If you want mining just buy your own mining equipment and mining for yourself, it will not turn into scam
Yeah thats right, for me i only trust genesis mining as a true mining, because they give us proofs that they are mining bitcoins. but the other cloudmining  sites  are for me they are all ponzis.

Darwin02
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June 29, 2016, 04:39:04 AM
 #20

Not all cloud mining site is true mining many is ponzi scheme so be careful when you join this kind of ponzi.  All of them will close and run some other day If the accumulated funds is enough for him.



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