Cloud mining experiences

[Hazir]

Op, you basically answered your question yourself. There are basically 2 types of cloud mining now:

1. Probably legit cloud mining - like Genesis but you won't reach satisfactory level of profits from investing in their services.
2. And 99% of other cloud mining is scam - you said that you invested money in HashOcean - so you know how this works, at some point operator of fake cloud mining run off with your money.

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[passwordnow]

Remembering my mistake for investing and trusting cloud mining sites is one of the things that I can't forget. If you can guys can remember last year when the price of bitcoin did increased rapidly and hashocean is still alive. My friends did invited my and encourage me to invest with them in able to get fast profit, when I hear fast money I get easily caught way back then and the result is already visible, I got scammed. That's why now I learned from it.

[bravehearth0319]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

My experience was in bitminister, I tried to invest on this site, But only 50% of my investment was being returned to me, then the rest all of a sudden they face some issues unto it. So my appetite  and eagerness in this type of cloud mining has been replaced of my disappointment.

[BitHodler]

Cloud mining is a done and ended industry. Only newbies see cloud mining as an interesting investment opportunity.

Aside from the fact that the majority of the cloud mining sites are outright scams, in 99% of the times these sites are only profitable to the operators.

As long as people are buying hash shares, these sites will continue to pay out (e.g. you're being paid out with money from other people) and make it seem like they are trustworthy.

But as soon as the operators notice that the income is heavily declining, they'll either bump up the maintenance fees, or simply use whatever excuse to shut down their service.

That's why block halvings come very handy. They don't only serve as a great opportunity to pay out only half of what they used to do, but they can also claim that their business is no longer profitable and shut it down.

Why risking your money while there isn't any way to benefit from cloud mining at all? Scam sites or legit sites, eventually they all leave a trail of destruction behind where people end up with losses.

[cengsuwuei]

iam long time experience about cloud mining
1 hashprofit
2 pbmining
3 zeminer
4 ltcgear
5 hashocean

all only wait to scam, and profit not competitif is very long time to BEP, before BEP cloud mining site is scam

[Who_]

What about HashNest?

It is run by BitMain, the creator of the AntMiners and they feature a GHS marketplace where you can sell your GHS for BTC, or just buy GHS instead of buying a full miner. You could earn ROI and sell off the rest of the GHS, to the people that are looking at the marketplace to trade.

Of course, GHS from S9 are more expensive than those from S7, and as time progresses and the network difficulty is increased, this is reflected in the price of individual GHS on the marketplace. Basically, the price follows the percieved value of each GHS. We all know that trading isn't realistic, but it's up to you as an individual to take use of opportunities that come your way.

Has anyone here had any negative experience with HashNest?

[bL4nkcode]

My experience about cloud minings was when I invest in Hashocean, it's just their minimum which I guess 0.018 it's when the price was in the range of $450-$500 and never deposits again. I just promote my referral link in an advertising site which also a faucet site which is adbit.co adbit.biz if  I'm not mistaken. And I got so many active referrals, and one of them deposit than 1k khs until they reinvest again until I earned 0.005 BTC every four days and I've got my ROI so easily. And after several months they run, so yeah. But now I've never invested again in any cloud mining sites after that.

[TGD]

I'll try it many times joining in cloud mining site , but i late realise I'm not earning good profit there just loosing my money in many cloud mining sites I've joined .sometimes I earn small amount profit and then join another sites and lost but now I'll decided to stop that kind of investment.

[Slow death]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.

I know you said that
 

 Please dont mention about genesis mining. I have already invested in it.They are paying me .

Just not to mention genesis mining, the other cloud mining have the same problem (low profit and takes eternity to reach the ROI)

I will not mention any cloud mining company (I do not intend to smear any company), but I can tell you that cloud mining companies (not ponzi scheme, real cloud mining) have the same problems. if you are in genesis mining and have X problem. Know that all other cloud mining also have the same problem (low profit and takes eternity to reach the ROI)

I speak for my own experience and i give up cloud mining. what they pay + fee = wasted time

[mrjoy15]

For me Cloud mining one of the good investment but there main problem more then or approximately 98% of cloud mining is scam.Because of ponzi sceme it's really quiet difficult for anyone to know which is right ,which is wrong.So researching about cloud mining site,this can be helped you minimum chance got scammed.You surely could not condone that any third party to steal your hard earned cash!

[FasTroy]

I have a bad experience in cloud mining sites. so I hated them even if they be so trusted. My story began with hashoceans which i invested more than 0.2 btc in the summer of 2016. so after few weeks hashocean scam all users including me. I was really very sad. I was scammed on other CM sites too. So i don't advice any one to invest in these sites. Maybe Genesis mining is one of the safest sites but it be could  a pyramid scheme, No one can know that.

[Rockie1234]

I only invested in one site: cldmine.com
I was always suspicious of cloud mining, so I only put $0.5 just because I was curious as to how profitable these sites were. The website was actually worth several million at the time, and I even talked in chat to some very nice people. Needless to say, soon the site went down and was never heard from again. I feel sorry for customers there, one was telling me how he invested thousands and was about halfway through earning it back 

[ranlo]

Op, you basically answered your question yourself. There are basically 2 types of cloud mining now:

1. Probably legit cloud mining - like Genesis but you won't reach satisfactory level of profits from investing in their services.
2. And 99% of other cloud mining is scam - you said that you invested money in HashOcean - so you know how this works, at some point operator of fake cloud mining run off with your money.

There's no real way to know if a mining site is hosting real miners or not. You won't hit ROI regardless, so it's not a big deal either way, but just because an owner runs off with funds doesn't mean they weren't running a legitimate business prior.

[coolcoinz]

Op, you basically answered your question yourself. There are basically 2 types of cloud mining now:

1. Probably legit cloud mining - like Genesis but you won't reach satisfactory level of profits from investing in their services.
2. And 99% of other cloud mining is scam - you said that you invested money in HashOcean - so you know how this works, at some point operator of fake cloud mining run off with your money.

There's no real way to know if a mining site is hosting real miners or not. You won't hit ROI regardless, so it's not a big deal either way, but just because an owner runs off with funds doesn't mean they weren't running a legitimate business prior.

Right, the discussion is pointless, because the whole method of earning is flawed. There's no way for a cloud mining user to profit, all these schemes are meid to either look legit for a while and run with the money, or really mine for themselves and loan money from investors.
Cloud mining is unprofitable, stay away from it!

[Barbut]

Do not invest in cloud mining, that is same like you throwing away your money. They will disappear with you money in one moment that is 100 % sure. I tried several sites that offer free miners and on some I invested some little money, and every time I had same destiny, in one moment their site is unavailable, and that is it. You can cry, you can complain, you can do what ever you wish but your money is gone.

[veleten]

oh I had some amazing experience with Hashocean when I invested just a week or so before they closed down
it was a test depo of low value,but it made me reconsider "investing" into cloudmining forever
there are very few legit ones nowadays and the ones legit will not let you ROI for a long time if ever
you can try the so called hosting companies-there are many of them like Haobtc or Viabtc
but you would be much better off just byuing bitcoins and sitting on them for a year or so

[soul-impact]

Do not invest in cloud mining, that is same like you throwing away your money. They will disappear with you money in one moment that is 100 % sure. I tried several sites that offer free miners and on some I invested some little money, and every time I had same destiny, in one moment their site is unavailable, and that is it. You can cry, you can complain, you can do what ever you wish but your money is gone.

Yeah. Investing money in cloud mining can be considered as throwing money through a window. you will definitely lose all of your money since cloud mining is based on the Ponzi scheme and soon, they will collapse and turn into a real scammer. I was like you. I used to invest a large amount of money in cloud mining and it did not bring any good result to me. LOL. I must recognize this truth sooner

[olubams]

My own experience dates back to several months back when I was looking for easy way to make money online then I came across this website with lots of promising returns and testimonies. An ignorant me, just put my money wanting to get rich quick but alas after 4days the sites just went offline claiming they have been attacked. It was when I started looking for answers that I realised I have been scammed and its a cloud mining site and this make me have the conclusion that all cloud mining sites are scams...

[carlisle1]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

I only tried some Free Cloud mining services which I did not put any amount of money because in the first place they appeared to be getting into a scam, actually I don't think that we can find any legit cloud mining service so it could be much better to just stay away from these kind of investments and find other ways to get profit which you put some effort . you might be looking for a passive income but in my opinion passive income is not possible to have with cloud mining . even with Genesis-Mining i don't know if investing to that service could be profitable in the long run .

[Nahl]

i lost a lot of money while i investing at cointellect and after that i talk to myself that i would never investing again at cloud mining even if there is cloud mining sites announcement that they are cloud mining legit and willing to paying people untill reach ROI but i personally do not trust them anymore and i have set into my mind that all cloud mining sites was scam and i think from now on OP should be more realistic that very difficult to find the real could mining and if you have money to invested just find another options