Is there legit mining site?

[Ararbermas]

I just wanna know if have a mining site legit. thanks

there are two types of mining site which is legit and ponzi you cant notice it.  Cuase it has the same website the design and also the same testimonials which is clarifying as a legit. So i suggest that stop searching everywhere in internet cause now adays there are some stupid people cloning some legit site.  .which is ponzi. If someone  recommend you to do some mining i suggest to make some research if the site is legit or it has good feedback to avoid lose.

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[error08]

mining site, this mean cloud mining majority not real mining but only ponzi scheme
if you want mining bitcoin or another coin is the best is self mining in youre hardware

There are some legit cloud mining obviously which run for years and always pay their customers, and they really have mining hardware, using crowfunding to expand their mining farm. But, most cloud mining are scam obviously, so I would recommend genesis mining or upcoming cloud mining IRM.

[thinkdifferent]

Cloud mining sites mostly end in a scam so don't waste your time and money in finding a good one to invest instead buy some good coins with that money and sell at high to make a profit.

[blockman]

Cloud mining sites mostly end in a scam so don't waste your time and money in finding a good one to invest instead buy some good coins with that money and sell at high to make a profit.

Most of them are scams and I'm not advising any of my friend nor any member here to invest to those cloud mining websites. We do have only one thought on the cloud mining websites, they are all scams for us. There are remaining some operating that has real support and mining farm. But still it's better to stay to this type of investment, cloud mining contracts are absurd. If I were you, don't believe those contracts it's much better to hold your bitcoins out there.

[Fire Rabbit]

There are so many cloud mining sites out there. But most of them are scam sites. They just want to steal money from us. There are a few sites that pay without any issues . But its very difficult to reach roi. So there is no profit in using these sites. If you are very interested in mining, I suggest you to try minergate software to mine monero using your pc. Later you can exchange that with BTC in any altcoin exchange site.

[eternalgloom]

Instead of relying on cloudmining websites, you could also just rent a miner from someone.
I'm not saying if it would be profitable, but at least you can check the hashrate for yourself and get your payouts directly from the mining pool.

Here are a couple of options if you want to rent a mining rig from someone: https://www.miningrigrentals.com/ or https://www.nicehash.com/

[BlackPanda]

There are so many cloud mining sites out there. But most of them are scam sites. They just want to steal money from us. There are a few sites that pay without any issues . But its very difficult to reach roi. So there is no profit in using these sites. If you are very interested in mining, I suggest you to try minergate software to mine monero using your pc. Later you can exchange that with BTC in any altcoin exchange site.

Yes never choose Cloud mining as a job. Cloud mining is a system that will fool us. although currently there is cloud mining is proven to pay but the fee we get I think is not rational. we still have many opportunities to do other jobs that are far more profitable. we should try to find and see the opportunities that exist, I would prefer to buy expensive hardware devices minning than having to waste money by investing in cloud mining.

[trecore4]

Can some one  direct me to a thread that explains  stuffs about mining?  I do not understand  what mining is.

Checkout this new thread and watch it for further discussion as its freshly posted. https://bitcointalk.org/index.php?topic=2347505.0


Anyway, well talking about the cloud mining I have little beliefe that it works in the reality. There are two things one is virtual and other is real! The cloud miners could be virtual and real as well. What I mean by this is simple, there are some companies which are trying to fraud people by showing up that they are actually mining but they are not, they are virtual. On the other hand there are real one (genesis, hash flare, miner gate, nice hash etc) and they have the physical presence too. However the real fact is they are not pay you because they are not generating the effective hash rates or revenue in the reality to feed your profits. So be carefull while investing your money onto them.

[shield132]

There are but wonder if you can profit by using them:
Hashnest - Owned by bitmain which produces antminers so legit one.
Hashing24 - they have contract with BitFury, so legit one
Minergate's cloud mining - they have contract with hashing24 (hashing24 - Bitfury) and they are legit.
Freebitco - they have mining farms and offer deposit money and get some profit, you can withdraw anytime.
Don't know any other legit one, but personally I would avoid them.

[Hexah]

If you have interest in mining don't go for just cloud mining that you can earn just a little and low profit and sometimes that are not legitimate sites you will encounter, keep that in mind. If you really know mining altcoins or bitcoin better have some budgets to buy sime rigs a $5k can start with even minimum from that you can have some equipment to mine cryptos. Make sure that the hash rate when you mine is high so that the profit you'll earn too will be synonymous or even higher than that. I'll recommend mining Monero (XMR).