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Author Topic: Legit bitcoin mining company  (Read 23942 times)
ra1ders
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May 29, 2017, 04:17:11 PM
 #1

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.
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May 29, 2017, 04:40:58 PM
 #2

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.
Most of them do actually turn out to be scammers (sooner or later) but so far, Hashnest has been somehow acceptable (although with a lot of issues, that you can read on their thread).
Website: https://www.hashnest.com/?locale=en
ANN thread: https://bitcointalk.org/index.php?topic=766448.0

As much as possible, stay away from such websites and buy the mining rig instead (this way, you'll have full control over it [in case you've got a cheap electricity rate].)

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May 30, 2017, 03:30:57 AM
 #3

Have been using eobot and hashflare for a long time now
Don't use genesis-mining
https://www.eobot.com/user/265480
https://hashflare.io/r/5A70BA80

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May 30, 2017, 05:20:50 AM
 #4

Based on my experience, I think the most legitimate bitcoin mining company is genesis-mining, as they have their own mining rig and active in participating at conferences regarding cryptocurrency and blockchain. But you can also check Hashflare, Eligius, Slush pool, BTCC, GBMiners, and MiningHub. I will not be posting here referrals from these sites, so it is up to you to do your research and see if you really want to try them or not.
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May 30, 2017, 09:34:45 AM
 #5

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.
Base on my analysis and experience most of the mining site are good at first but in the long run they will run and take all the investment by many users that is why if you will enter in the mining site and want to invest make sure that site are new and fresh with few investors but if they see they will have lot of investor and collect more bitcoin that is the time mining sites turning to scam because they do not have real mining sites.

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May 30, 2017, 11:54:11 AM
 #6

It is VERY rare that a cloud mining site will earn you much if any profit - keep in mind that if they could earn more from just mining, they WOULD be.

 The Bitmain-based stuff has proven to be reputable, but my first statement still applies.

 Don't confuse "pools" like Eligius and Slush with cloud mining sites like Hashnest.
 NOT the same thing at all.

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May 30, 2017, 03:07:43 PM
 #7

They are not profitable at all. I have tried at least two of them untill now and both turned into unprofitable sites. They turn scam over the time because they are not able to bear the cost of electricity or equipment that they have at their end. Also send of them are just to make money by making others fool. So best way to earn is by doing real simple signature campaigns and Twitter campaigns and Facebook campaigns and much more. Also you can provide services in bitcoin form you will earn pretty decent money.

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May 30, 2017, 04:06:17 PM
 #8

They are not profitable at all. I have tried at least two of them untill now and both turned into unprofitable sites. They turn scam over the time because they are not able to bear the cost of electricity or equipment that they have at their end. Also send of them are just to make money by making others fool. So best way to earn is by doing real simple signature campaigns and Twitter campaigns and Facebook campaigns and much more. Also you can provide services in bitcoin form you will earn pretty decent money.

No, what happens is over time the difficulty rises and it eats into your profit until there is none left. Im pretty sure you have no clue how the whole system works. Also, best way to earn is to spam?

Stop buying industrial miners, running them at home, and then complaining about the noise.
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May 30, 2017, 05:57:07 PM
 #9

Quote
They are not profitable at all. I have tried at least two of them untill now and both turned into unprofitable sites. They turn scam over the time because they are not able to bear the cost of electricity or equipment that they have at their end. Also send of them are just to make money by making others fool. So best way to earn is by doing real simple signature campaigns and Twitter campaigns and Facebook campaigns and much more. Also you can provide services in bitcoin form you will earn pretty decent money.

No, what happens is over time the difficulty rises and it eats into your profit until there is none left. Im pretty sure you have no clue how the whole system works. Also, best way to earn is to spam?



lol gosh if some is willing to go and spam people looking for spare bitcoin handouts they might as well just say frig it and take a cup and stand on a street corner and beg for spare change.   Some of them dudes are making 2x more then a good paying job pays and its all under the table and tax free to.
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May 30, 2017, 06:22:54 PM
 #10

Have been using eobot and hashflare for a long time now
Don't use genesis-mining
https://www.eobot.com/user/265480
https://hashflare.io/r/5A70BA80

Whats the problem with genesis mining ?

I've been a happy miner mining with them
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May 30, 2017, 07:23:44 PM
 #11

Have been using eobot and hashflare for a long time now
Don't use genesis-mining
https://www.eobot.com/user/265480
https://hashflare.io/r/5A70BA80

Whats the problem with genesis mining ?

I've been a happy miner mining with them

Maybe it's just my personal experience but it wasn't profitable for me, Hashflare is the only one being profitable for me

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May 30, 2017, 07:33:57 PM
 #12

Have been using eobot and hashflare for a long time now
Don't use genesis-mining
https://www.eobot.com/user/265480
https://hashflare.io/r/5A70BA80

Whats the problem with genesis mining ?

I've been a happy miner mining with them

Maybe it's just my personal experience but it wasn't profitable for me, Hashflare is the only one being profitable for me

Well, im in it for the long run not short
LightZ
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May 30, 2017, 08:30:51 PM
 #13

Have been using eobot and hashflare for a long time now
Don't use genesis-mining
https://www.eobot.com/user/265480
https://hashflare.io/r/5A70BA80

Whats the problem with genesis mining ?

I've been a happy miner mining with them

Maybe it's just my personal experience but it wasn't profitable for me, Hashflare is the only one being profitable for me

Well, im in it for the long run not short

Yeah, my personal experience. I invested $200 on each (genesis, hashflare, and eobot) I don't remember when but it was a long time, and the only one that seems profitable for me is hashflare

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May 30, 2017, 08:40:22 PM
 #14

https://bitcointalk.org/index.php?topic=86854.0

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May 31, 2017, 06:19:52 AM
 #15

@Lightz how long did it take before u saw profit on Hashflare?
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May 31, 2017, 02:31:54 PM
 #16

@Lightz how long did it take before u saw profit on Hashflare?

I'd say around 6 to 7 months. I have withdrawn and kept re-investing.
My advice is to buy scrypt

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May 31, 2017, 03:19:26 PM
 #17

I'm a beginner so i don't know one. But when I asked my brother he says the miner gate he is using it and he said he can make bitcoin using the miner gate he can also make ALT money using that app so i think it is legit because he is using it on almost three months since then and his money is growing.


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Ice Rock Mining- The Most Profitable Mining


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May 31, 2017, 03:24:54 PM
 #18

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.
The only proven 'cloud' mining company is genesis-mining. By proven I mean that they really have mining facilities in Europe. I've seen plenty of videos inside one of their mines and there even was a non bias documentary in one of their facilities. So it's definitely real. I'm not sure of the other ones (hashflare, hasing24,...). I recommend to always look for video footage of a company's facility to make sure you won't fall for  a scam.
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May 31, 2017, 03:26:54 PM
 #19

Genesis mining is a proven cloud mining company. But, it's not profitable on Bitcoin mining anymore. ROI takes too long...

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May 31, 2017, 04:27:50 PM
 #20

Genesis mining is a proven cloud mining company. But, it's not profitable on Bitcoin mining anymore. ROI takes too long...

Jesus christ, they only have lifetime contracts for bitcoins, receiving bitcoin for the rest of your life is not profitable ? How is that ? Plus, assuming the price will continue to rise in the following years
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