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Author Topic: Too many mining site were closed?Halving is near what happen to the bitcoin?  (Read 1642 times)
yayayo
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June 29, 2016, 12:16:23 PM
 #41

anyone buying hash ahead of the halving in a moron imo.

Just like when people bought hash on cex when the projected
difficulty was set to jump way up I wouldnt understand. They
buy ahead of difficulty then lose half its worth in like 2 days

just simple math tells you any mining machine or hash amount
is immediately worth only half whats its worth pre halving.

Not necessarily. It is still possible that difficulty drops dramatically as well, alleviating the effects of the halving. For fiat-oriented "investors", the possible increase in Bitcoin's valuation after the halving might nullify the argument as well. But you still have a point in that it is unnecessary risk.

Actually I would extend your argument to "anyone buying hash regardless of whether there is a halving or not is a moron". By buying hashing power from a third party you're almost guaranteed to receive less power than your funds would buy you on the free market (i.e. implementing your own mining operation). In addition you risk loosing your funds to scammers, that pay no or disproportional returns.

For the average user it is in almost all cases a better idea to buy Bitcoin directly than to rely on mining.

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June 29, 2016, 12:19:59 PM
 #42

Well man no site can be trusted in terms of investment sites and cloud mining. They will all eventually run and the proof of that is the hash ocean that is the most trusted. It will just run away so stay away from that sites..

Yes its almost impossible to find genuine and trustworthy sites for making an investment, they will pay you at initial stage but cannot expect the same in long run, they will definitely disappear in future.
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June 29, 2016, 01:22:17 PM
 #43

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

Cloudmining is something that we should have a second thought.  We can only trust ourselves when it comes to mining.  Though there are some renting site where you buy hashes for certain period of time.  Some of it are miningrigrentals.com and nicehash.  Aside from mining you can do some faucet and some bounty task to earn bitcoin. You can join twitter, facebook and signature campaign too.

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June 29, 2016, 01:26:41 PM
 #44

Well man no site can be trusted in terms of investment sites and cloud mining. They will all eventually run and the proof of that is the hash ocean that is the most trusted. It will just run away so stay away from that sites..
i think you are right, it is better not to believe in those cloud mining websites because they usually turn out to be just ordinary scams that steal people money and run away

cloud mining websites are closing all the time, and halving is coming near so i guess they hurry up to steal people money before a big price rise in order to make as much money out of it as possible

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June 29, 2016, 01:30:26 PM
 #45

Well man no site can be trusted in terms of investment sites and cloud mining. They will all eventually run and the proof of that is the hash ocean that is the most trusted. It will just run away so stay away from that sites..
i think you are right, it is better not to believe in those cloud mining websites because they usually turn out to be just ordinary scams that steal people money and run away

cloud mining websites are closing all the time, and halving is coming near so i guess they hurry up to steal people money before a big price rise in order to make as much money out of it as possible

Yeah with God's grace I have never invested in those sites so I have saved my hard earned coins, no doubt I have lost few times in gambling it never gave me a feeling of being cheated.
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June 29, 2016, 01:33:08 PM
 #46

even if all of the mining sites close their operation nothing will happen to bitcoin, and i think it will be a good thing for bitcoin even. because a very large scamming operation will be closed and less people will get scammed out of their coins.

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June 29, 2016, 01:34:56 PM
 #47

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.
Many people are faking their business, there are site that says they are mining but most of them is a ponzi. A good example is hash ocean, many people think that this is a mining company but end up running people's coin worth million of dollar. Anyway, how can we sure that a site that says a mining business site is really a legit one?
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June 29, 2016, 01:48:20 PM
 #48

Honestly i never trust those mining sites or cloud mining site they are lier they are just the same as investment schemes online.. when i was a newbie i am one of the victim scam by two site investment site and cloud mining site scrypt.cc before is one of the famous cloud mining site before and coinsera for investment but they are scam until now i never trust those service so for those newbie better to stay away from them.. no trusted cloudmining service online..

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ETFbitcoin
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June 29, 2016, 02:42:08 PM
 #49

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.
Many people are faking their business, there are site that says they are mining but most of them is a ponzi. A good example is hash ocean, many people think that this is a mining company but end up running people's coin worth million of dollar. Anyway, how can we sure that a site that says a mining business site is really a legit?
IF the owner can give strong proof about their mining activity such as image/video of their mining activity/mining location. Also, there are many ways to confirm it (More Info)
Even it's real, cloud mining/mining are unprofitable these days.

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June 29, 2016, 02:46:36 PM
 #50

who can we trust about mining?do we have any source on how to get bitcoin?
getting rid of these fake cloud mining sites is actually great for bitcoin. when people fall for these ponzis they get angry and leave the bitcoin currency. no ponzi means more people using bitcoins.
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June 29, 2016, 02:49:08 PM
 #51

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
HashOcean will be back but with their new brand and lure a lot of investors again to investor put their money into them, Does you will join with them again? maybe there is some site is managed by hashocean owner or scammer.

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serjent05
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June 29, 2016, 04:58:01 PM
 #52

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
HashOcean will be back but with their new brand and lure a lot of investors again to investor put their money into them, Does you will join with them again? maybe there is some site is managed by hashocean owner or scammer.

This always happen.  There are lots of cloudmining that shuts down including legit one.  This only show that any cloudmining isn't profitable.  So if someone advertised about cloudmining being profitable then probably it is a PONZI scheme.  Pay-in, pay-out rinse and repeat until they decide to run with your money.

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June 29, 2016, 05:30:09 PM
 #53

who can we trust about mining?do we have any source on how to get bitcoin?
No one,the so called cloud mining sites are a big lie,they say that they mine only to attract newbies and run away with their money after a while,they are nothing more than ponzis and every ponzi sooner or later will collapse and scams.
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June 29, 2016, 05:33:26 PM
 #54

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

I think that you should not count cloud mining as a good way to earn money because they will close soon. From my experience I have seen many cloud mining that were pretty much active at their beginning but after a period of time they slowly delay the payment, cut the earnings in half or more and the end is scamming their users like most of them did. The best way to earn bitcoin by mining is not cloud mining but mining with your mining rigs.

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June 29, 2016, 06:40:54 PM
 #55

Well man no site can be trusted in terms of investment sites and cloud mining. They will all eventually run and the proof of that is the hash ocean that is the most trusted. It will just run away so stay away from that sites..
i must admit that those words are really correct and i think that nearly every cloud mining website, if not every single one is just a hyip that will sooner or later run away with people money

i think it is better not to invest your money in cloud mining websites, especially right now, during the halving most of them will most probably steal people money and there will be a big loss

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June 29, 2016, 06:53:37 PM
 #56

To be honest the most mining websites are just ponzi and that is why they are getting closed its as simple as that people.
I really think the halving will be profitable but we cannot look in the future of course.
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June 29, 2016, 07:16:52 PM
 #57

Stay away from mining at least until halving has taken place, even after the halving scammers will be online again with their bait waiting for fish to fall in their trap. You can not believe anymore in cloud mining as is not profitable now , so it will me more unprofitable after the halving. You can go solo mining though, altcoin is still profitable in some areas you just have to be knowledgeable what coin to mine.
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June 29, 2016, 07:28:37 PM
 #58

Honestly i never trust those mining sites or cloud mining site they are lier they are just the same as investment schemes online.. when i was a newbie i am one of the victim scam by two site investment site and cloud mining site scrypt.cc before is one of the famous cloud mining site before and coinsera for investment but they are scam until now i never trust those service so for those newbie better to stay away from them.. no trusted cloudmining service online..
Never knew them and never really cared about cloud mining sites when I was a newbie here. At the very start, I thought cloud mining sites was the best way of earning money but when I read replies from veterans (high ranked members) to stay away from them, I followed them and I was never and will never be scammed of those ponzi schemes.

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