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Author Topic: Legit bitcoin mining company  (Read 24092 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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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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May 31, 2017, 04:52:08 PM
#21

The majority of these sites will turn out to be bad ones, it will take you a long time to get a return though, I haved used Genesis Mining but wouldn't rush back to any bitcoin cloud mining.

I found it better trading against alt coins.
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May 31, 2017, 05:01:48 PM
#22

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

They also take a electricity fee, once the electricity fee is over the mining profit they stop paying you

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June 01, 2017, 02:08:14 PM
#23

Is bitcoinpro.life legit ? Im almost a month waiting for my withdrawal.

WhyFuture.com ▄▀ LET'S THINK ABOUT THE FUTURE
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June 01, 2017, 02:10:08 PM
#24

i think 90% of the mining companies are just scam so you must be careful.But still i think there are a couple of legit ones.
Currently i have contracts on hashflare and genesis mining since 2 months and they are paying me daily,and i think these two are legit ones.
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June 01, 2017, 04:50:51 PM
#25

guys ......................


what about this company ?


http://splititmining.com/




its cloud mining n i think they r until now not scam
any info to know if they r scam or not ?
thnx
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June 01, 2017, 05:25:18 PM
#26

guys ......................


what about this company ?


http://splititmining.com/




its cloud mining n i think they r until now not scam
any info to know if they r scam or not ?
thnx

Just use trusted one's such as hashflare or genesis
For me the only one profitable was hashflare

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June 01, 2017, 10:11:10 PM
#27

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
You are really the one who says that, everyone says bad words on them, even it was almost impossible to get roi from them at the very begining and now it sounds really funny. Their bitcoin mining contract sucks, can't say something about zcash.
OP currently hashnest is the only real cloud mining but also hashing24 has officially contract with bitfury but still can't say how safe they are.

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June 03, 2017, 09:26:27 AM
#28

There are some bitcoin mining company that is legit at first, but turned out to be a scam. Most of them is like that. If you want to get rid of those scammers and you want to mine btc your own, try buying Mining Rig. Tho it's expensive, but if you want to have full control of your money, it's worth it.

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June 03, 2017, 11:51:24 AM
#29

can someone explain to me what you do once register in hashflash?how can you start generating this bitcoin?I will be glad if someone can explain to me
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June 03, 2017, 12:47:27 PM
#30

can someone explain to me what you do once register in hashflash?how can you start generating this bitcoin?I will be glad if someone can explain to me

You mean hashflare? you just go to your left panel and buy the hashrate from there

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June 03, 2017, 01:15:50 PM
#31

@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
what do found after you buy the script for 15.50dolars?I am new here and I will want to buy it but don't know what to do next after buying it
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June 03, 2017, 01:22:40 PM
#32

can someone explain to me what you do once register in hashflash?how can you start generating this bitcoin?I will be glad if someone can explain to me

You mean hashflare? you just go to your left panel and buy the hashrate from there
thank you for your time but what do you do after the purchase for the bitcoin to be accumulated in your account ?what is your job to do after purchasing?I am asking this because I am new but serious about making a living with cryptocurrency
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June 03, 2017, 01:30:29 PM
#33

Is bitcoinpro.life legit ? Im almost a month waiting for my withdrawal.
have you ever withdraw from this ?I was giclven this site today and I have already register but want to clear the air as I don't want to do any thing stupit
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June 03, 2017, 01:44:20 PM
#34

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

i only know one company that its legit depend on the other cloud mining which is hashnest. hashnest is the one of the old cloud mining company that still exist until right now and they still operate their cloud mining and reach big members on their sites. they are sell mining hardware for the members and they are very legit for me. i have some hashrate with them for at least 3 years and its works good for me until now but i am not yet buying their hardware because for now, for mining bitcoin is really difficult if we only have small hashrate and its better to stay with them.

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June 03, 2017, 02:03:36 PM
#35

Is bitcoinpro.life legit ? Im almost a month waiting for my withdrawal.
have you ever withdraw from this ?I was giclven this site today and I have already register but want to clear the air as I don't want to do any thing stupit

That site is a ponzi. Don't expect for him to withdraw regularly. Maybe he managed to withdraw in first try but eventually that site will turn to scam.

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Unacceptable
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June 03, 2017, 02:54:12 PM
#36

can someone explain to me what you do once register in hashflash?how can you start generating this bitcoin?I will be glad if someone can explain to me

You mean hashflare? you just go to your left panel and buy the hashrate from there
thank you for your time but what do you do after the purchase for the bitcoin to be accumulated in your account ?what is your job to do after purchasing?I am asking this because I am new but serious about making a living with cryptocurrency

Your not going to "make a living" by wasting money on "Mining Contracts",those guys have it figured out,you MAY break even,but more than likely not.

You gotta buy hardware...be it video cards or scrypt miners,stay away from mining Bitcoin,diff & corp miners are killing home mining.............

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
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June 03, 2017, 03:44:04 PM
#37

can someone explain to me what you do once register in hashflash?how can you start generating this bitcoin?I will be glad if someone can explain to me

You mean hashflare? you just go to your left panel and buy the hashrate from there
thank you for your time but what do you do after the purchase for the bitcoin to be accumulated in your account ?what is your job to do after purchasing?I am asking this because I am new but serious about making a living with cryptocurrency

Your not going to "make a living" by wasting money on "Mining Contracts",those guys have it figured out,you MAY break even,but more than likely not.

You gotta buy hardware...be it video cards or scrypt miners,stay away from mining Bitcoin,diff & corp miners are killing home mining.............
thanks for the update,I am still researching on what next   to invest my time in cryptocurrency
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June 04, 2017, 11:35:22 AM
#38

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

Recently started with hash flare.io Is it worth investing? The has rates seems to be working very slow. My current plan is 846 GHz/s What do you think of this rate? How much I can earn with this rate. I tried some math with calculators available for hashing rate. And the earning seems to be $ 280 per year with current rate.

Also, do they pay on time? The minimum was 0.00004 previously now due to fees they have brought it up to 0.001 btw. Thats just too much. Please let me know about my question as you said you are enrolled with them since long time.

Twitter Re-Invented. DM for more info.
Steemit Re-Invented. DM for more info.
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June 04, 2017, 04:07:33 PM
#39

My last withdrawl was last year and haven't withdrawn since because I've gotten most of the investment back so I just leaved the auto re-invest till now

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June 05, 2017, 04:27:04 PM
#40

regarding about more cloud mining such as scam or spam also you wasting for time to get some earn, common looking some legit mining goods but not using at all time where you profit or lossing time take more see under forum of bitcointalk and suggest how to earn easy without mining. take moonliteco.in
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June 06, 2017, 12:06:39 PM
#41


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

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June 06, 2017, 12:12:56 PM
#42


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?
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June 06, 2017, 12:22:32 PM
#43


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

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June 06, 2017, 02:45:06 PM
#44


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion
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June 06, 2017, 06:04:27 PM
#45


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion

Im fairly new to IOTA, so cant really give you any good opinion here. (Actually made my first wallet there a couple of hours ago) It seems really interesting and i will have to get stuck in.
With the BTC-mining, it really depends on how much you are wanting to spend. Genesis operate with a Maintenance fee of $0.00028 pr GH/s every day. Take for example their "diamond plan" at 15000 GH/s ($1950), it adds up to roughly $4 a day in fee's, so that would give you around $10-11 profit each day, $75 odd a week. With the difficulty increasing you could look at 10 months to get even maybe longer. (Im not sure if Hashflare is any better there?) The contracts they have for BTC is "Open ended", so can potentially give you a steady income further down the road. Although there are no guarantees that it will. For all we know, the BTC market can go tits up within a short period, but then again it can also skyrocket. Personally I believe BTC will rise massively in the coming year and this is only the start of BTC glory. For me I think its is a good investement. I could be totally wrong, but that is my opinion.

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June 06, 2017, 10:25:58 PM
#46


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion

Im fairly new to IOTA, so cant really give you any good opinion here. (Actually made my first wallet there a couple of hours ago) It seems really interesting and i will have to get stuck in.
With the BTC-mining, it really depends on how much you are wanting to spend. Genesis operate with a Maintenance fee of $0.00028 pr GH/s every day. Take for example their "diamond plan" at 15000 GH/s ($1950), it adds up to roughly $4 a day in fee's, so that would give you around $10-11 profit each day, $75 odd a week. With the difficulty increasing you could look at 10 months to get even maybe longer. (Im not sure if Hashflare is any better there?) The contracts they have for BTC is "Open ended", so can potentially give you a steady income further down the road. Although there are no guarantees that it will. For all we know, the BTC market can go tits up within a short period, but then again it can also skyrocket. Personally I believe BTC will rise massively in the coming year and this is only the start of BTC glory. For me I think its is a good investement. I could be totally wrong, but that is my opinion.
not 15000GH , I was thinking about 40 TH
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June 06, 2017, 10:33:02 PM
#47

Weren't they all becoming scams already like Cloud mining? They all had scammed thousands of users specially the Hashocean. The only I've that's legit by far is the HaoBTC from China which also asked 10BTC for joiners to receive dividends from them. Check them out here https://bitcointalk.org/index.php?topic=1023187.0


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MuttleyNo
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June 07, 2017, 08:08:45 AM
#48


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion

Im fairly new to IOTA, so cant really give you any good opinion here. (Actually made my first wallet there a couple of hours ago) It seems really interesting and i will have to get stuck in.
With the BTC-mining, it really depends on how much you are wanting to spend. Genesis operate with a Maintenance fee of $0.00028 pr GH/s every day. Take for example their "diamond plan" at 15000 GH/s ($1950), it adds up to roughly $4 a day in fee's, so that would give you around $10-11 profit each day, $75 odd a week. With the difficulty increasing you could look at 10 months to get even maybe longer. (Im not sure if Hashflare is any better there?) The contracts they have for BTC is "Open ended", so can potentially give you a steady income further down the road. Although there are no guarantees that it will. For all we know, the BTC market can go tits up within a short period, but then again it can also skyrocket. Personally I believe BTC will rise massively in the coming year and this is only the start of BTC glory. For me I think its is a good investement. I could be totally wrong, but that is my opinion.
not 15000GH , I was thinking about 40 TH

With the 40 th/s one, you are looking at around $11.2 /day in the maintenance fee. Basicly 1/4 of your income on the mining-contract goes out in fees.

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HIPERATIVO
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June 07, 2017, 11:51:19 AM
#49


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion

Im fairly new to IOTA, so cant really give you any good opinion here. (Actually made my first wallet there a couple of hours ago) It seems really interesting and i will have to get stuck in.
With the BTC-mining, it really depends on how much you are wanting to spend. Genesis operate with a Maintenance fee of $0.00028 pr GH/s every day. Take for example their "diamond plan" at 15000 GH/s ($1950), it adds up to roughly $4 a day in fee's, so that would give you around $10-11 profit each day, $75 odd a week. With the difficulty increasing you could look at 10 months to get even maybe longer. (Im not sure if Hashflare is any better there?) The contracts they have for BTC is "Open ended", so can potentially give you a steady income further down the road. Although there are no guarantees that it will. For all we know, the BTC market can go tits up within a short period, but then again it can also skyrocket. Personally I believe BTC will rise massively in the coming year and this is only the start of BTC glory. For me I think its is a good investement. I could be totally wrong, but that is my opinion.
not 15000GH , I was thinking about 40 TH

With the 40 th/s one, you are looking at around $11.2 /day in the maintenance fee. Basicly 1/4 of your income on the mining-contract goes out in fees.
  hmm,but inthe long term investment it would be worth it, right ?
MuttleyNo
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June 07, 2017, 12:48:56 PM
#50


Im using Genesis Mining. I am satisfied with it. Payouts are daily and they are quick to get a hold of should you have any questions or issues.
With that being said, dont expect to make a quick buck. Im sitting at around 7-8 months to get even, nonetheless its still has some potential and you wont have to deal with the excess heat and noise the miners make Cheesy

They recently ran out of Bitcoin contracts,any idea when there will be new ones ?

They had it back for order last night. I ordered my new contract this morning, so should still be available.

Should I  buy one of these contracts or IOTA token ? just looking for someone else opinion

Im fairly new to IOTA, so cant really give you any good opinion here. (Actually made my first wallet there a couple of hours ago) It seems really interesting and i will have to get stuck in.
With the BTC-mining, it really depends on how much you are wanting to spend. Genesis operate with a Maintenance fee of $0.00028 pr GH/s every day. Take for example their "diamond plan" at 15000 GH/s ($1950), it adds up to roughly $4 a day in fee's, so that would give you around $10-11 profit each day, $75 odd a week. With the difficulty increasing you could look at 10 months to get even maybe longer. (Im not sure if Hashflare is any better there?) The contracts they have for BTC is "Open ended", so can potentially give you a steady income further down the road. Although there are no guarantees that it will. For all we know, the BTC market can go tits up within a short period, but then again it can also skyrocket. Personally I believe BTC will rise massively in the coming year and this is only the start of BTC glory. For me I think its is a good investement. I could be totally wrong, but that is my opinion.
not 15000GH , I was thinking about 40 TH

With the 40 th/s one, you are looking at around $11.2 /day in the maintenance fee. Basicly 1/4 of your income on the mining-contract goes out in fees.
  hmm,but inthe long term investment it would be worth it, right ?


It could definitely be worth it. I believe so, but opinions are like arseholes, everyone got one  Wink

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wantjokull
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June 07, 2017, 04:20:27 PM
#51

Try with hash flare. Seems to be good site for beginners and you can buy as low as 0.03 TH/s mining rate. This will give you 10 dollars per year !

That is just lowest possible math I'm telling you. It always good to buy pretty higher rates probably in 2-5 TH/s this will make you fortune worth 500-600 dollars yearly with current difficulties.

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June 08, 2017, 02:46:51 PM
#52

Genesis mining is a proven cloud mining company. But, it's not profitable on Bitcoin mining anymore. ROI takes too long...
cloud mining is about outdated you can try using gpu
or maybe asic but less profit i think now,
best way for you is trading maybe

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June 08, 2017, 02:56:36 PM
#53

Genesis mining is a proven cloud mining company. But, it's not profitable on Bitcoin mining anymore. ROI takes too long...
cloud mining is about outdated you can try using gpu
or maybe asic but less profit i think now,
best way for you is trading maybe

Disagree, future cloud mining will get a kick out of this 

http://www.tweaktown.com/news/57896/amd-nvidia-making-cryptocurrency-mining-cards/index.html
raynman
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June 26, 2017, 01:37:50 AM
#54

My last withdrawl was last year and haven't withdrawn since because I've gotten most of the investment back so I just leaved the auto re-invest till now
I invested $2,700 in Hashflare Lifetime Bitcoin (Scrypt, not SHA-256) mining with 200 MH/s recently.
With Scrypt, they actually mine Litecoin and convert them to Bitcoin at the prevailing LTC/BTC exchange rate.
This is very different from SHA-256 direct Bitcoin mining, which consumes a lot of electricity per TH/s.
The maintenance and electricity fee (MEF) for Scrypt is only $0.01 per MH/s. So my 200 MH/s plan MEF costs only $2,
compared to equivalent 20 TH/s SHA-256 hashrate at $7. ($0.35 per TH/s)
The lower MEF for Scrypt is the reason why the contract is much more profitable than a SHA-256 contract.

I will also be doing auto-reinvest like you.
The returns are pretty good as you say.  Grin
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June 26, 2017, 01:55:25 AM
#55

My last withdrawl was last year and haven't withdrawn since because I've gotten most of the investment back so I just leaved the auto re-invest till now
I invested $2,700 in Hashflare Lifetime Bitcoin (Scrypt, not SHA-256) mining with 200 MH/s recently.
With Scrypt, they actually mine Litecoin and convert them to Bitcoin at the prevailing LTC/BTC exchange rate.
This is very different from SHA-256 direct Bitcoin mining, which consumes a lot of electricity per TH/s.
The maintenance and electricity fee (MEF) for Scrypt is only $0.01 per MH/s. So my 200 MH/s plan MEF costs only $2,
compared to equivalent 20 TH/s SHA-256 hashrate at $7. ($0.35 per TH/s)
The lower MEF for Scrypt is the reason why the contract is much more profitable than a SHA-256 contract.

I will also be doing auto-reinvest like you.
The returns are pretty good as you say.  Grin
Investing $2,700 in cloud mining is alot, I only invested a little over $600 in it. If you hadn't invested my advice would be buying yourself the antminer L3+ and host it yourself if you can't then send it to a hosting center(link below) I currently host my machines with Jeffcolo
https://bitcointalk.org/index.php?topic=622998.0

raynman
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June 26, 2017, 02:07:23 AM
#56

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.
LightZ
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June 26, 2017, 03:02:29 AM
#57

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

raynman
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June 26, 2017, 03:19:33 AM
#58

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

I know, but an ASIC miner like the L3+ can only mine Litecoin and nothing else. Cannot switch to mine another coin.
In any case, a 504 MH/s Scrypt miner like the L3+ will payback itself in no time.  Grin
LightZ
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June 26, 2017, 04:22:42 AM
#59

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

I know, but an ASIC miner like the L3+ can only mine Litecoin and nothing else. Cannot switch to mine another coin.
In any case, a 504 MH/s Scrypt miner like the L3+ will payback itself in no time.  Grin
It's a scrypt miner so it can mine any scrypt coin not only litecoin, You can also sell it later if you decide to stop mining and you'll get your investment in no time as you said

ImHash
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segwit=lower fees


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June 26, 2017, 04:47:19 AM
#60

Why do you guys always eat the cake and nothing is left for me? if anyone wants a promising legit mining company first of all check the blocks and see which one of the pools is mining the most of the blocks and follow it's trail to find their website and then check if they offer any cloud mining and invest, just please don't come here later to cry and complain about how unfair and inhumane they are Cheesy
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June 26, 2017, 04:56:36 AM
#61

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

I know, but an ASIC miner like the L3+ can only mine Litecoin and nothing else. Cannot switch to mine another coin.
In any case, a 504 MH/s Scrypt miner like the L3+ will payback itself in no time.  Grin
It's a scrypt miner so it can mine any scrypt coin not only litecoin, You can also sell it later if you decide to stop mining and you'll get your investment in no time as you said
Oh yes, I forgot it is a Scrypt miner, so it can mine not only litecoin, but other Scrypt coins as well.
Thanks for pointing that out.
madwica
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June 26, 2017, 11:31:41 AM
#62

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

I know, but an ASIC miner like the L3+ can only mine Litecoin and nothing else. Cannot switch to mine another coin.
In any case, a 504 MH/s Scrypt miner like the L3+ will payback itself in no time.  Grin
It's a scrypt miner so it can mine any scrypt coin not only litecoin, You can also sell it later if you decide to stop mining and you'll get your investment in no time as you said
Oh yes, I forgot it is a Scrypt miner, so it can mine not only litecoin, but other Scrypt coins as well.
Thanks for pointing that out.
Its hard to find legit mining company and most of the cloud mining are scam. They are good at first but in the long run they will take all the money of their investors. That is why much better to do trading than to invest in mining.
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June 26, 2017, 11:50:04 AM
#63

Genesis mining is the only legitimate cloud mining company that I know. It has been proven to be legit since there has been a YouTuber who visited the mines in Iceland. So it's legitimate for sure but it's rather difficult to get ROI if you buy contracts with bitcoin.
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June 26, 2017, 12:01:59 PM
#64

You should have a look at Giga Watt.
The worlds first full-service mining solution provider. They seems very legit.

American Company based in Seattle.
The electricity cost is one of the cheapest in the world, offering Professional mining to people around the world.
They claimed to be the Best Home for your Mining. And that could be true so far.


I did not post this message, The Russians did it !
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June 26, 2017, 12:59:18 PM
#65

I did try to buy the Antminer L3+ but Bitmain isn't shipping yet.
Only in mid-July.

Just a advice since having a actual hardware miner gives you the advantage of selling it later and it gives you full control on where you want to mine and what you want to mine

I know, but an ASIC miner like the L3+ can only mine Litecoin and nothing else. Cannot switch to mine another coin.
In any case, a 504 MH/s Scrypt miner like the L3+ will payback itself in no time.  Grin
It's a scrypt miner so it can mine any scrypt coin not only litecoin, You can also sell it later if you decide to stop mining and you'll get your investment in no time as you said
Oh yes, I forgot it is a Scrypt miner, so it can mine not only litecoin, but other Scrypt coins as well.
Thanks for pointing that out.
Its hard to find legit mining company and most of the cloud mining are scam. They are good at first but in the long run they will take all the money of their investors. That is why much better to do trading than to invest in mining.
If you care to look carefully, we are talking about buying hardware ASIC miners, not cloud mining.  Grin
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June 26, 2017, 01:50:03 PM
#66

You should have a look at Giga Watt.
The worlds first full-service mining solution provider. They seems very legit.

American Company based in Seattle.
The electricity cost is one of the cheapest in the world, offering Professional mining to people around the world.
They claimed to be the Best Home for your Mining. And that could be true so far.



I have visited their website.
They are still in the midst of an ICO.
There is nothing we can buy on their website.
We can only buy WTT tokens from the ICO.  Grin
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June 26, 2017, 03:55:47 PM
#67

You made a question and answered it yourself only. I think you know better side of the mining and you just want to confirm that mining is bad and it can't make you profitable anytime. Anyways, if you really want to mine then mine it yourself. But remember to set up good rig with at least 10 miners working for you. Of course the investment is big and you will have to wait two years to get your return of investments.  Try it on if you got money with you.

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June 30, 2017, 04:16:35 PM
#68

I'm also looking for mining companies but whatever I have read over this forum says that it's not good to invest I them. Most of them are scam or on the verge of scam. I believe we should not try this out. Even that would be regret situation if we do and turn as scam victim. Lolz

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June 30, 2017, 04:23:47 PM
#69

The only legitimate cloud mining site that I know of is genesis mining. It has been proven multiple times that they are legitimate and right now their most porfitable contract (Dash X11) is back in stock. I'm testing it out with a little investment and I hope to make back my money with a nice profit, we'll see.
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June 30, 2017, 05:03:14 PM
#70

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].)

i do prefer using mining rig also, somehow online mining company will reach out of full resources and there is nothing to do to upgrade the hardware else to scam the system, then running new system with new webs.

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July 03, 2017, 05:51:33 PM
#71

I personally mine with BitClub Network (BCN). They are the only ones I know who mine with a sustainable programme in place, with advantages in environmental conditions, and maintenance and upgrading plans in place, so that mining becomes a hassle-free process for the members. These are important factors to consider when joining a mining community - a plan to keep up with the latest hardware in order to remain relevant in mining is highly mandatory (although often overlooked). BCN have been mining over the last 3 years, and have moved from the AntMiner S3 to the S5 and currently on the S9 over the years. If the S10 or S11 were out tomorrow, those will be acquired and setup for mining. A special continuous repurchase of partial shares allow this arrangement to be possible, without further reinjection of capital from the members. These repurchases also keep the contract perpetual, until such time when it is no longer profitable to mine with the current mode of operation. They also offer shares for GPU mining, of which I currently have 3 all set to mine ethereum.

Some information and FAQ may be found on the following pages, including legitimacy and some current figures in mining earnings:

http://www.coinpurveyor.com/benefits-of-joining-bitclub-network/
http://www.coinpurveyor.com/faq-bitcoin-mining-bcn/
http://www.coinpurveyor.com/buy-hold-vs-mining-bitcoin/

Contact links are provided on those pages for further queries.
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July 04, 2017, 03:15:35 PM
#72

Maybe genesis mining and hashnice is what you can trust if you want cloud mining. But I do not recommend it because cloud mining is a system that can not be trusted. You better buy a rig, although with big capital but you can get a favorable result if doing mining with gpu. This one is the best way to do it, you can do it and get what you want.

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jchoros
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July 05, 2017, 02:33:13 AM
#73

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

I bought a mining contract with bit club network.A lot of people promote it because the affiliate marketing program they offer has the potential for passive income but I'm not doing that.

I invested $1500 US worth of bitcoin into the contract in November 2016 and today I've just about broken even with two years left on the contract. I should say however that the only reason I'm about even now is because both Bitcoin and Ethereum have seen dramatic jumps in price since I started with the contract.

If not for that I'd probably be down 70% or more. Since I bought the contract for three years and I've broken even I'm going to stick with it, especially because I've already spent the money.

That said I think most serious mining opportunities don't allow the general public to take a share. If you were making lots of money mining you wouldn't need to give anybody else the profit.If I would have spent my $1500 buying bitcoin or ether instead of the mining contract, I could have as much as $50,000 right now, so you have to consider The cost of taking an opportunity.

I can also say however that I don't regret it because I was brand-new to bitcoin in terms of actually owning some and there's no way I would have known about Ethereum's value when I started, Both in terms of what it offers technologically and the fact that the prices jumped thousands of percentage points this year.

Hope that helps!
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July 05, 2017, 03:18:21 AM
#74


I am working with hash flare currently. The pools are fluctuating a lot now a days. They have removed two pools from the project because it was not profitable to them. Now they have BW pools getting mined and Im using the 870 TH/s rate currently. Invested a lot money and according to their visual calculator my ROI seems to be 1 years long. So you may wanna try it if you re patient and can hold your investment for atlas one year over there.


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July 08, 2017, 04:37:22 AM
#75

cloud mining sites everywhere
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July 08, 2017, 09:17:38 PM
#76

They all go down sooner or later it's a tough gig to run to my knowledge

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July 09, 2017, 04:38:35 AM
#77

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Check it out here for more Legit and Scam sites on Bitcoin mining sites
http://www.scamshouters.com/
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July 10, 2017, 05:15:55 AM
#78

Try out genesis mining or hash flare. I was in ambiguity before too but now I have read so much about them and they look far better than any other mining companies. Dont try out any other than this as we dont have positive trust about other. In this one I will suggest you hash flare from my side as I had invested and paid out two times. My hash rate is pretty low so it takes me around one month to reach the minimal threshold. Hope you will get some positive reply too. :-)




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ivy|FACILITATING SECURE, TRANSPARENT
BUSINESS PAYMENTS ON A GLOBAL SCALE

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July 10, 2017, 10:01:22 AM
#79

minergate.com mining online.   just bitcoin. cloud mining.  check it out.
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July 10, 2017, 12:38:49 PM
#80

Try out genesis mining or hash flare. I was in ambiguity before too but now I have read so much about them and they look far better than any other mining companies. Dont try out any other than this as we dont have positive trust about other. In this one I will suggest you hash flare from my side as I had invested and paid out two times. My hash rate is pretty low so it takes me around one month to reach the minimal threshold. Hope you will get some positive reply too. :-)




Both of them do have a pretty good reputation in the world of mining. But cloud mining is not a solution for you to make a profit, there are still many ways that can be done. The easiest is to rent a rig, by doing that we can earn a greater income. And if you want a much better income then buying hardware mining is a very appropriate choice.

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ivy|..FACILITATING SECURE, TRANSPARENT...........
..
BUSINESS PAYMENTS ON A GLOBAL SCALE....

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July 10, 2017, 01:34:28 PM
#81

i am using both Hashflare and genesis-mining and have no problems what so ever with either of them. bought a small dash contract a little while ago and for now its looks good. hope i see it the right way Smiley

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July 12, 2017, 04:09:59 AM
#82

What nanohash and telcominer? Thinking to use them.
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July 12, 2017, 08:30:25 AM
#83

i am using genesis-mining and they are paying daily and u are profitable with ur contract always.





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July 12, 2017, 11:20:27 AM
#84

 BTC China Pool, BitFury, DiscusFish/P2Poo, and AntPool are among some legit BTC mining companies.
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July 13, 2017, 06:34:34 AM
#85

I invested in hashflare.io so far i haven't encountered any problems with them. The bad side in investing in mining company is that the ROI is very slow and there's always a chance that you will get scammed instead of profit in return. Its better to invest in trading than mining companies because the chance of getting profit is very high and you can withdraw your capital anytime you want.

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July 13, 2017, 07:05:55 AM
#86

You're better off mining alt coins. The difficulty is so high on Bitcoin it's not really worth it atm. If you want to do cloud mining I recommend miningrigrentals or Nicehash. I've made a profit a few times on Nicehash. Pick an alt coin that is profitable on Coinwarez and go to both sites and find the most affordable hash rate for that profitable coins algorithm and mine rent some hashing power. 
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July 13, 2017, 07:19:46 AM
#87

Try out genesis mining or hash flare. I was in ambiguity before too but now I have read so much about them and they look far better than any other mining companies. Dont try out any other than this as we dont have positive trust about other. In this one I will suggest you hash flare from my side as I had invested and paid out two times. My hash rate is pretty low so it takes me around one month to reach the minimal threshold. Hope you will get some positive reply too. :-)




Both of them do have a pretty good reputation in the world of mining. But cloud mining is not a solution for you to make a profit, there are still many ways that can be done. The easiest is to rent a rig, by doing that we can earn a greater income. And if you want a much better income then buying hardware mining is a very appropriate choice.

How can anyone say after research that they have a good reputation in the world of mining? Page 1 of google search on genesis trust/scam shows you a lot of unhappy people. Forum search here shows you ROI after many, many months which won't be reached as your contract will probably expire first. They have poor reputations in this world. Outside, with good marketing and PR, yes they are legitimate.

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July 13, 2017, 07:21:12 AM
#88

Im using hashflare service right now and keep profiting a little bit everyday.

I need to learn other crypto currency atm, whats good alt coin to mine now?
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July 13, 2017, 08:02:07 AM
#89

i am using genesis-mining and they are paying daily and u are profitable with ur contract always.

Genesis Mining has allowed a lot of us freedoms we've never experienced!!!
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July 13, 2017, 08:13:01 AM
#90

i am using genesis-mining and they are paying daily and u are profitable with ur contract always.

Genesis Mining has allowed a lot of us freedoms we've never experienced!!!
Do you use Genesis mining? How about contract? Can be upgrade or need to new contract?
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July 13, 2017, 11:48:42 AM
#91

i am using genesis-mining and they are paying daily and u are profitable with ur contract always.

Genesis Mining has allowed a lot of us freedoms we've never experienced!!!
Do you use Genesis mining? How about contract? Can be upgrade or need to new contract?
You can purchase more harshpower and it will add up to the ones you currently already have acquired.
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July 13, 2017, 05:52:52 PM
#92

What is the deal with Genesis mining? Reading through this thread, some forum members swear by it, and there are others that think it is shyte. Can somebody please clarify if it is safe and advisable to invest there. Thanks in advance....
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July 13, 2017, 10:41:14 PM
#93

What is the deal with Genesis mining? Reading through this thread, some forum members swear by it, and there are others that think it is shyte. Can somebody please clarify if it is safe and advisable to invest there. Thanks in advance....
Its safe, for me its been working so far Smiley
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July 14, 2017, 01:56:25 AM
#94

There used to be semi-legit companies out there. I used to run one. But, unfortunately, bitcoin is no longer profitable to mine in the long term, unless you are Bitmain and make the hardware to mine the coins. We used to work directly with Bitmain, they were genius.

ETH mining may be profitable with Genesis, almost bought a few contracts right before skyrocketed. Wonder if that would have made ROI... hmm

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July 14, 2017, 02:07:31 AM
#95

There used to be semi-legit companies out there. I used to run one. But, unfortunately, bitcoin is no longer profitable to mine in the long term, unless you are Bitmain and make the hardware to mine the coins. We used to work directly with Bitmain, they were genius.

ETH mining may be profitable with Genesis, almost bought a few contracts right before skyrocketed. Wonder if that would have made ROI... hmm

Unfortunately, I purchased an ETH mining contract with Genesis Mining to get my feet wet in the cloud mining arena. However, the timing was less than fortuitous. I got hit with a double-whammy: increasing difficulty and rapidly decreasing prices. My date to ROI keeps getting pushed out further and further. Good thing it was a tiny investment since I probably won't see that investment gamble back.
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July 14, 2017, 02:22:58 AM
#96

The real deal is here: https://bitcointalk.org/index.php?topic=1914900.0

But you have to go full, as it is real. So there is no small investment. It's one miner minimum and the tokens to go with it.
That's a Legit Mining Company who is opening is door to miners from around the world.

https://giga-watt.com/
https://cryptonomos.com/wtt/

I did not post this message, The Russians did it !
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July 14, 2017, 02:26:52 AM
#97

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

i know that genesis mining and hashnest is legit even for now, they still legit. but for getting profitable with that two company, i think its really difficult for now because bitcoin itself is increase the difficulty and if you don't have big hashrate then you can not make profit.

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July 14, 2017, 05:45:12 AM
#98

No matter what mining companies are legit as long as they are profitable themselves. This primarily depends on how they are bearing the cost of maintenance and electricity. On top of this their performance needs to stubborn whenever the network difficulty is increasing day by day. If they loos control over any of these factors then start moving downwards in terms of profits. This indirectly effects our earning and to be specific our ROI which then takes even longer than what it was before. The question is do we really earn from them if we skip the expiration date of our contract say by reinvesting our daily earning from the contract itself. Is there really a point where our threshold reaches and finally pays us back?




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July 14, 2017, 07:19:32 AM
#99

What is the deal with Genesis mining? Reading through this thread, some forum members swear by it, and there are others that think it is shyte. Can somebody please clarify if it is safe and advisable to invest there. Thanks in advance....

Look around the internet not just for all those people whining or praising: look for proof of earnings. You will find also honest reviews from reputable websites like 99bitcoins. They will show you proof that genesis is legitimate, but NOT profitable.

Most people are praising it to get referral fees.

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[/]
HIPERATIVO
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July 14, 2017, 02:07:16 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

i know that genesis mining and hashnest is legit even for now, they still legit. but for getting profitable with that two company, i think its really difficult for now because bitcoin itself is increase the difficulty and if you don't have big hashrate then you can not make profit.
It doesnt matter, you will profit if your a long term holder, no matter the investment.
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July 14, 2017, 02:12:47 PM

Genesis mining is the most legit one available. I more recommend to mine yourself. It's cheaper and you will earn way more profit.
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July 14, 2017, 05:59:06 PM

Genesis mining is the most legit one available. I more recommend to mine yourself. It's cheaper and you will earn way more profit.

Agreed, not to mention that you will have MUCH more transparency with your investment.
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July 17, 2017, 06:13:22 AM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Try with eobot, Hashflare, Eligius, Slush pool, BTCC, GBMiners, and MiningHub. Few links;
https://www.eobot.com
https://hashflare.io/r/5A70BA80
https://eligiusmining.com/login
https://slushpool.com

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July 17, 2017, 07:42:35 AM

To be very honest on the basis of my experience I find genesis mining is better option than other mining companies
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July 20, 2017, 02:01:12 PM

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. 100% Right
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July 20, 2017, 02:54:04 PM

anyone else have experience with hashflare?
iqlimasyadiqa
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July 20, 2017, 10:47:50 PM

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. 100% Right
Doing mining is profitable if you can choose it appropriately. But I strongly urge you never to use cloud mining, buy and setup properly a hardware mining. Signature and bounty are profitable but mining can make you make more money than others. The most important point is you have to be right in choosing the hardware and also the coin that you will do mining.

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SamsungBitcoin
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July 20, 2017, 10:57:01 PM

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. 100% Right
Doing mining is profitable if you can choose it appropriately. But I strongly urge you never to use cloud mining, buy and setup properly a hardware mining. Signature and bounty are profitable but mining can make you make more money than others. The most important point is you have to be right in choosing the hardware and also the coin that you will do mining.
Strongly agree with you many times i invest in cloud mining but i failed i got scammed by more site that is avoid that investment site and make your own mining site which will gives you much better income. Just make sure your area has good climate to make your hardware will be exist for long period of time.
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July 23, 2017, 01:58:06 PM

I have been using hashflare but i think also genesis mining is real. Hashflare can be trusted according to me. It has a bit costlier hashrates available but its safe. But instead of investing in such riskier sites, you can directly purchase some rigs and start mining for yourself


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July 23, 2017, 05:06:31 PM

To be very honest on the basis of my experience I find genesis mining is better option than other mining companies

I know why you can say that, maybe because you first plunge in the mining world using genesis. Maybe you can say otherwise if you have understood other mining work systems, such as hashflare. Because I think hashflare is more legit than others

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July 23, 2017, 06:21:24 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Its working but every 1hr. I hope it will help you. Im also a newbie here and i need also some informations on how to earn bitcoins
https://freebitco.in/?r=2519128
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July 24, 2017, 11:56:35 AM

For me hashflare and genesis is good....you can also use minergate,bitclubnetwork,24 hash and nesthash....now i use bitclubnetwork but you need to pay $99 dollar to be a member and purchase a pool to start mining

Tip>>3DZQD1rDFGghSCCsrmwhap7sr4btDfv29<<Tip
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July 27, 2017, 01:35:46 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Its working but every 1hr. I hope it will help you. Im also a newbie here and i need also some informations on how to earn bitcoins
https://freebitco.in/?r=2519128

It's a bitcoin faucet and not a mining company...you may want to check this thread, https://bitcointalk.org/index.php?topic=320959.0


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July 27, 2017, 08:01:20 PM

you can rent a machine on miningrigrentals and mine any coins you want.
genesis mining is legit, yes, but no profit.


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July 27, 2017, 08:34:19 PM

you can rent a machine on miningrigrentals and mine any coins you want.
genesis mining is legit, yes, but no profit.



Not only is Genesis Mining unprofitable (for me, at least), they were recently hacked. Let's see if they make their customers whole.

http://blog.genesis-mining.com/genesis-mining-service-update
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July 28, 2017, 08:59:47 PM

I only found three "legit" mining companies: Hashflare, genesis and eobot. Didn't try genesis because it was for my opinion to expensive. I have contracts of hashflare and am not amused. Independent from bitcoin price, mining power goes down dramaticly. I baught additional ths (doubled it) but had after a short period less daily income. I would never buy again. On eobot income appears to me most realistic. I invested because 5 yrs contracts can be cashed out at any time through 24h contract.
But in the resul I think, cloud mining is nowadays not profitable.
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August 18, 2017, 08:00:37 PM

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.
Yes you're right.
They just saying bla bla bla and gain profit but takes more time. So why mine? If we can do campaign job.

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August 18, 2017, 11:53:00 PM

Are mining in Hashflare, Genesis mining and Eobot still profitable?
I just tried mining at Hashnest because there I can resell hashpower if I get bored: /
Or is there a recommendation of the fourth mouthed mining company?


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August 19, 2017, 06:53:34 AM



What nanohash and telcominer? Thinking to use them.




What makes you think those are not scam? Already checked on the forum and most of the people are giving the negative reviews about it.

You can checkout more discussion about them here: https://bitcointalk.org/index.php?topic=1726695.0


However, cloud mining is always bad way to invest our money. The ROI and network difficulty calculations along with the terms of company establishment never fits in. You never know when the company will shut down due to unprofitability raised by external and internal factors.


The only few names in the market that can sustain for long time are genesis and hash flare. But they are very big and thats why we can keep trust on them but for sure not longer times. So trade with caution when it comes to cloud stuff.

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August 20, 2017, 07:45:47 AM


Are mining in Hashflare, Genesis mining and Eobot still profitable?

I just tried mining at Hashnest because there I can resell hashpower if I get bored: /

Or is there a recommendation of the fourth mouthed mining company?


What nanohash and telcominer? Thinking to use them.



These are okay websites for mining over the cloud. These currently on top list because of two thing, they are very old and second they are paying. The only thing that we need to ask ourselves is are you willing to wait for longer period of times to get your roi. If time is not problem for you then you are good to go with these sites. However, most preferable sites on priority base is, hashnest, hash flare, genesis and then rest of the two sites. Genesis mining is pretty good with their support which is needed time to time and they on time payments really. You can find more about these in services discussion where people have created special topics. :-)




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andyblocks
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August 20, 2017, 07:50:28 AM

If you refer to cloud mining companies, I've only seen scams so far. (if not scams, very bad investments)

Regarding companies providing mining equipment, I would recommend Canaan. (https://canaan.io/)

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August 20, 2017, 10:13:19 AM

Please folks can someone recommend a reputable minning company to me?

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August 22, 2017, 02:18:57 AM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Commonly those bitcoin mining  company will let you payout then it will scam you later.

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August 23, 2017, 12:28:12 PM

Telcominer reminds me of hashocean. And I wouldn't be surprised if it turns into a scam later.

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August 24, 2017, 09:45:31 PM

I started with Genesis Mining based on the videos and various reviews of it. I'm aware that after having used a calculator it'll take me some time to break even. But I've got faith and will see what will happen. I plan to reinvest my profit to upgrade and get to the 14TH/s mark by the end of the year.

I think if I don't grow my hash power it'll turn out to be pretty unprofitable in 6 months.

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August 25, 2017, 09:25:57 AM

I started with Genesis Mining based on the videos and various reviews of it. I'm aware that after having used a calculator it'll take me some time to break even. But I've got faith and will see what will happen. I plan to reinvest my profit to upgrade and get to the 14TH/s mark by the end of the year.

I think if I don't grow my hash power it'll turn out to be pretty unprofitable in 6 months.
I guess it would be more wise if you would just wait for your ROI before planning on adding up funds since we wont know on when they would stop to operate. Its quiet risky on making compounding it may give advantage but risk of losing more money would be always there. I still have contract on genesis mining as the days goes by earnings depreciates even more which means the longer the roi you would achieve.

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August 27, 2017, 11:26:59 PM

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

Lucky for you, I invested in Hashflare, they have never answered any ticket; for over a year now.
My btc has been in their wallet for over a year.   Cannot buy any GH/s cannot withdraw my BTC.
They have refused to answer any ticket since last year.   TOTAL RIP-OFF

https://blockchain.info/address/1NLrVxZy1VTBsbgabcTAd55n2a2BdvBif4

They withdrew my BTC, I cannot withdraw because their site shows me I have zero balance.
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August 27, 2017, 11:33:29 PM

Please folks can someone recommend a reputable minning company to me?

https://www.hashnest.com/?locale=en here is Roll Eyes
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August 29, 2017, 08:53:37 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.


I like Genesis Mining contrary to what others may say. I get my payouts on time and I don't have any issues.

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August 30, 2017, 10:17:46 AM

you should try HashSpaces they have lots of diferent cryptocoin to mine
https://hashspaces.com/Welcome/Partner/5051
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August 30, 2017, 11:02:30 AM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.


I think the word "scam" gets thrown around too loosely these days but to answer your questions, no, legit mining companies are not scams. There are some HYIP sites that proclaim they are using mining as a means for everyone who invests makes money but a real mining operation is not a scam. Some HYiP sites that proclaim they mine can be. Some of the better cloud Mining companies are Genesis Mining, HashFlare, Hashing24 and NiceHash.

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August 30, 2017, 12:34:19 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Some of them are real, but before you are starting to use one I suggest you do your research about that site first. Most of the new people are too naive to do that and think they can be rich in no-time with it. And before they know it all of their savings are gone.

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September 01, 2017, 05:54:45 AM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Some of them are real, but before you are starting to use one I suggest you do your research about that site first. Most of the new people are too naive to do that and think they can be rich in no-time with it. And before they know it all of their savings are gone.

I agree. Everyone would need to do some research and be realistic about it. These days if you get 1TH/s don't expect a miracle. Neither would I recommend ETH or Monero mining on GM. The ROI is not good and the prices too high for their contracts.

If you wouldn't use an Antminer S7 with 4.77TH/s these days don't complain if your 2TH/s gets less and less profitable. It's a the same game as per hardware mining yourself. At some stage you need to upgrade if you want to remain profitable.

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September 01, 2017, 12:34:16 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

Some of them are real, but before you are starting to use one I suggest you do your research about that site first. Most of the new people are too naive to do that and think they can be rich in no-time with it. And before they know it all of their savings are gone.

I agree. Everyone would need to do some research and be realistic about it. These days if you get 1TH/s don't expect a miracle. Neither would I recommend ETH or Monero mining on GM. The ROI is not good and the prices too high for their contracts.

If you wouldn't use an Antminer S7 with 4.77TH/s these days don't complain if your 2TH/s gets less and less profitable. It's a the same game as per hardware mining yourself. At some stage you need to upgrade if you want to remain profitable.

4.77 is too less to start because we know bitcoin difficulty is increase every hours and if we only use s7, then we can not expecting make profit in a month. beside that we need to calculate about electricity fee (this is the most big problem for miner). i've done for mining in the past and i think i don't recommended for people to mining bitcoin if they don't have big hashrate but i suggest to mining altcoin because the possibility to make profit is still wide open but its depend on the coins we are mining.

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September 02, 2017, 07:17:11 AM

It's not a question of whether they're legitimate or not the question of whether you're going to make money or not. No you are never going to make money renting Cloud mining. If it was profitable then you would never be renting it because the company wouldn't be letting other people use their mining Farm they would be doing it themselves.

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September 02, 2017, 08:51:44 AM

I only know genesis-mining since a friend told me about them. I've checked their website and the investments, unfortunately it'll take sometime to ROI and make a profit. The last time I've heard about them is there was a delay in payment and they are working on the issue. I am not sure if I am a long-term type of a person when it comes to cloud mining so I didn't made any investments. I'd probably just buy any altcoins, hodl or learn trading to earn some btc's in a short term period.

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September 02, 2017, 05:53:26 PM

Cloud mining is a scam, buy the coin or buy a miner yourself.
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September 03, 2017, 12:39:19 AM

99.9 %  of cloud mining is scam  !

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September 03, 2017, 08:14:24 AM

It's not a question of whether they're legitimate or not the question of whether you're going to make money or not. No you are never going to make money renting Cloud mining. If it was profitable then you would never be renting it because the company wouldn't be letting other people use their mining Farm they would be doing it themselves.
Doing it themselves they have a pretty mild Revenue loss, but when they get somebody like you to pay them a higher amount that they would normally get in return, then they're getting rid of that Revenue loss and passing it off to the consumer, which is you.

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September 04, 2017, 05:05:52 AM


Genesis mining is the most legit one available. I more recommend to mine yourself. It's cheaper and you will earn way more profit.



I need to pull my sleeves to digest this one now. Recently read that genesis mining site has stopped paying their users in first place on daily basis. At least this is coming from the trusted source that is thus forum itself. Today morning I read about topic saying genesis mining is not paying since few days and when called to support they said it's been delay to some users but they are still paying. This looks very fishy and don't know whether to trust them or not.


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September 04, 2017, 05:54:20 AM

I use three cloud mining platforms.

Minergate.
Easy to use interface.  Profit over 12 months is low. After 11 months of mining  you break even. After that you will see a daily passive income. Rubbish support though, and currently they have a BTC withdrawal issue.  I have 32476.7152 GH/s with them producing approximatly $35 per day.

https://minergate.com/a/fccb58faf2c81505fc5d6d0e

Skills Dragon/ Lifestyle Galaxy
Offers MultiMining coin mining and BTC mining.  More profitable than Minergate.  I currently have 22.5TH with them and I earn approx $15 per day. But the perchase of the mine is less expensive (hence more profit.). You break even with BTC after about 7 months. I currently also mine EXP which is very profitable. You can break even after only 3-4 months. The contracts are for 3 years. But any hashrate you buy via repurchaseare yours and will keep mining indefinetly as long as mining is profitable/

http://strawman.skilldragon.com

I also use Genisis mine but currently they are out of stock for BTC minien kit

I hope that helps
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September 08, 2017, 10:53:12 AM

I use three cloud mining platforms.

Minergate.
Easy to use interface.  Profit over 12 months is low. After 11 months of mining  you break even. After that you will see a daily passive income. Rubbish support though, and currently they have a BTC withdrawal issue.  I have 32476.7152 GH/s with them producing approximatly $35 per day.

https://minergate.com/a/fccb58faf2c81505fc5d6d0e

Skills Dragon/ Lifestyle Galaxy
Offers MultiMining coin mining and BTC mining.  More profitable than Minergate.  I currently have 22.5TH with them and I earn approx $15 per day. But the perchase of the mine is less expensive (hence more profit.). You break even with BTC after about 7 months. I currently also mine EXP which is very profitable. You can break even after only 3-4 months. The contracts are for 3 years. But any hashrate you buy via repurchaseare yours and will keep mining indefinetly as long as mining is profitable/

http://strawman.skilldragon.com

I also use Genisis mine but currently they are out of stock for BTC minien kit

I hope that helps

Hi

did you get paid off on MinerGate?

And what you are using for mining?

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September 08, 2017, 03:40:48 PM

Bro there are very few legitimate mining companies. You need to do your research and understand that 99% of them are outright scams and you should not give them your money.



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