Cloud Mining

[Teraboy]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. 

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[andrewbadr]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. 

Included on which scam site list?
I think both have been around long enough to survive. And isn't genesis mining part of the Winklevoss exchange genesis? They are the one's creating the bitcoin ETF. So they will only run if their ETF fails to get approved and then their exchange of bitcoins loses enough money and goes under.

[keyscore44]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. 

Included on which scam site list?
I think both have been around long enough to survive. And isn't genesis mining part of the Winklevoss exchange genesis? They are the one's creating the bitcoin ETF. So they will only run if their ETF fails to get approved and then their exchange of bitcoins loses enough money and goes under.

If we talk about hashflare.io - is listed on http://www.badbitcoin.org - some people are sure that they are legit, but I personally doubt in that.
I also doubt if Genesis-Mining have anything to do with Winklevoss brothers - any source?
Genesis-Mining many times show that they really have mining farm, anyway from long time contracts with them are not profitable.

[bohr]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Even if there is a lot of publicity for something it does not mean it is any good for you, just look at a TV ads and you can see what I mean, so just stay away of cloud Mining since most of them are just scams.

[btcdiggingmaster]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Even if there is a lot of publicity for something it does not mean it is any good for you, just look at a TV ads and you can see what I mean, so just stay away of cloud Mining since most of them are just scams.

Exactly, you are right, there are many sites who are offering higher % of income daily through cloud mining. But how they are paying we have to analyze are they have their own farms for bitcoin mining. Firstly, you need to verify these things when it comes to cloud mining investment.

There are many cloud mining sites get into scams when they collect large amounts of money from people because it is not possible to pay higher amounts if the site is alive after a particular period of time.

[ChronoLite]

Hi Everyone.
I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Not much trusted sites available currently because Cloud Mining is a good way to scam your money and even you do invest to cloud mining it takes very long time to get back your money.

[machinek20]

No it is not a trusted site, no matter how old is the site, cloud mining is a scammed sites, i ever being scammed by brand new cloud mining site and old cloud mining site, so my level trusting for cloud mining is 0, please stay away from it

[mundang]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Both,not trustable and not worth it. Cloud mining these days , its like a waste of time.  If you invest on it you will get nothing in return cause it will surely turned into scam.

[keyscore44]

No it is not a trusted site, no matter how old is the site, cloud mining is a scammed sites, i ever being scammed by brand new cloud mining site and old cloud mining site, so my level trusting for cloud mining is 0, please stay away from it

So it means that you didn't investigate services where you deposit BTC or buy miners in the right way..
Check HashNest.com, and your trust level will have to change from 0.
And yes, time of running have matter, not always (Madoff), but with cryptocurrency it is one from the most important factors.

[Digitalbitcoin]

Well I would like to go for brief with this topic of cloud mining.

As everyone knows what is mining and what it costs. Day by day mining is becoming tough.
Currently many user use their on hardware for mining any of specific altcoin. It costs them charge for maintenance and electricity.

Rather cloud mining is great option for it. I would like to take a look at Most Advanced Crypto Currency Cloud Mining. Mining with such cloud flatform can reduce your risk of capital.

But still matter of price can affect equity.

[fkod]

Cave! Almost all of it not trustable. Especially big earnings promises.

They have one wish. Take your money. That's all!

Also btc mining is no profitable at now.

They promises about make money earning amounts are not realistic. It is impossible to earn those amounts.

[dodgrad]

Cave! Almost all of it not trustable. Especially big earnings promises.

They have one wish. Take your money. That's all!

Also btc mining is no profitable at now.

They promises about make money earning amounts are not realistic. It is impossible to earn those amounts.

I can agree that is difficult to trust in legit cloud mining services, but if you write that Bitcoin mining is not profitable it means that you don't know much about that.
Of course mining of BTC is profitable, but everything depends on what kind of rigs you use and how high are the costs of electricity.

[ChronoLite]

Cave! Almost all of it not trustable. Especially big earnings promises.

They have one wish. Take your money. That's all!

Also btc mining is no profitable at now.

They promises about make money earning amounts are not realistic. It is impossible to earn those amounts.

I can agree that is difficult to trust in legit cloud mining services, but if you write that Bitcoin mining is not profitable it means that you don't know much about that.
Of course mining of BTC is profitable, but everything depends on what kind of rigs you use and how high are the costs of electricity.

For those who says BTC Mining is no profitable they're wrong because they just answer it from Halving point not about other things like interest from Bitcoin. Like you said, your profit depends from rigs and cost of electricity.

[lordquanta]

It is better to stay away from the cloud mining. Most of them are indeed scam. Those which are legit offer very low earning to invest. Those offering high return are probably scam.

[tippytoes]

I can only say one thing, don't invest in cloud mining. It's not worth putting your hard-earned income at high level risk type of investment. ROI? hmmm.. It will take long to see that, if ever you'll receive that. Did I say, don't invest in cloud mining? 

[AngelSky]

I can only say one thing, don't invest in cloud mining. It's not worth putting your hard-earned income at high level risk type of investment. ROI? hmmm.. It will take long to see that, if ever you'll receive that. Did I say, don't invest in cloud mining? 

It is been ponzi schemes always. Instead of investing money share for cloud mining, you can put your fund on trading. Actually is trading do not have much riskier fact like other kind of bitcoin investment. Please avoid to investment on gambling, lending, cloud mining and etc...

[rytyr]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. 

Those are the only two names I would trust when it comes to cloudmining.
They have a lot to lose when it comes to tarnishing their company name with not paying or doing any sort of funny business with customer accounts.

[mrcash02]

I can only say one thing, don't invest in cloud mining. It's not worth putting your hard-earned income at high level risk type of investment. ROI? hmmm.. It will take long to see that, if ever you'll receive that. Did I say, don't invest in cloud mining? 

It is been ponzi schemes always. Instead of investing money share for cloud mining, you can put your fund on trading. Actually is trading do not have much riskier fact like other kind of bitcoin investment. Please avoid to investment on gambling, lending, cloud mining and etc...

Why to don't invest in gambling, lending? The return is low, but at least you can earn passive income. Different from trading that is very risk, principally for newbies that don't have experience on it. Lending on Poloniex is safe, gambling investment is a bit more risky, but there are some trusted casinos here on forum where you can invest.

[Stedsm]

99% of cloud mining services out there are mostly scams, such ponzi schemes that are there to attract you towards their proposals and if you invest at those sites seeing something which looks highly promising but impossible to get attained, then you will surely lose there. So, it's better to stay away from these cloud mining sites, and if you want to invest, then go for the ones who offer genuine returns like genesis mining.

[dodgrad]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. 

Those are the only two names I would trust when it comes to cloudmining.
They have a lot to lose when it comes to tarnishing their company name with not paying or doing any sort of funny business with customer accounts.

Maybe in the eyes of many users Genesis Mining and Hashflare appear to be trustable, but for example I have a lot more trust to HashNest!
The most important difference is that when you sign a contract with GM or Hashflare, you can not withdraw from it. HashNest has its own market where you can always sell your power, withdraw funds and go.