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Author Topic: Legit bitcoin mining company  (Read 23947 times)
andyblocks
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August 20, 2017, 07:50:28 AM
 #121

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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Olatunjex
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August 20, 2017, 10:13:19 AM
 #122

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

LegendaryBrownie
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August 22, 2017, 02:18:57 AM
 #123

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
 #124

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
 #125

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
 #126

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
 #127

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
 #128

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
 #129

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
 #130

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
 #131

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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Anony121
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August 30, 2017, 12:34:19 PM
 #132

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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crisdean
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September 01, 2017, 05:54:45 AM
 #133

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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traderethereum
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September 01, 2017, 12:34:16 PM
 #134

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.

mrayazgul
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September 02, 2017, 07:17:11 AM
 #135

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.

Coins_Hiro
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September 02, 2017, 08:51:44 AM
 #136

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.

newfulluser
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September 02, 2017, 05:53:26 PM
 #137

Cloud mining is a scam, buy the coin or buy a miner yourself.
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September 03, 2017, 12:39:19 AM
 #138

99.9 %  of cloud mining is scam  !

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September 03, 2017, 08:14:24 AM
 #139

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
 #140


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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