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Author Topic: is CCGMining legit?  (Read 1321 times)
timebug
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October 29, 2017, 04:42:29 AM
 #1

Hi,

I just find out this website, which offers open ended bitcoin mining contract?

Does anyone know or can tell me if https://ccgmining.com/index.php legit cloud mining company to invest. ?

Bunch of thanks in advance.
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bL4nkcode
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October 29, 2017, 05:18:31 AM
Last edit: October 29, 2017, 05:29:11 AM by bL4nkcode
 #2

Too many newbie accounts creating a thread here and asking is "xxx cloud mining site is legit?"
Answer: No, no site like that is legit, you're just wasting your time and money lol so much better if you stay away with this type of scheme unless you're the owner of this site Roll Eyes

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October 29, 2017, 05:22:10 AM
Last edit: October 29, 2017, 06:30:25 AM by Zocadas
 #3

Hi,

I just find out this website, which offers open ended bitcoin mining contract?

Does anyone know or can tell me if https://ccgmining.com/index.php legit cloud mining company to invest. ?

Bunch of thanks in advance.
Generally advice: Don't invest into cloud miners where you can't cashout your investment whenever you want.
I looked at this mining site and wouldn't invest, because I didn't hear anything about them. Maybe they will place a thread here on bitcointalk.  Profits are generally difficult on mining and "cloud minining" sites are 99% scam..Better to invest directly in Bitcoin, altcoin or ICO with serious projects, where you can be part of.
Here is already a member, which wants to share experiences in this miner:

https://bitcointalk.org/index.php?topic=2330155.0

   

 
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October 29, 2017, 06:24:07 AM
 #4

As soon as you see cloud mining and guaranteed returns you should never ever deposit anything into the site. Especially if they say that their partners are AMD and NVIDEA along with other big names that have no affiliation with them whatsoever.

No, it is not legit.

Too many newbie accounts creating a thread here and asking is "xxx cloud mining site is legit?"
Answer: No, no site like that is legit, you're just wasting your time and money lol so much better if you stay away with this type of scheme unless you're the owner of this site Roll Eyes

It's better they ask then get scammed, though.


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October 29, 2017, 06:57:29 AM
 #5

CCG Mining does not offer guaranteed returns. They are transparent about the actual factors that affect the profit of a cloud mining contract (difficulty level, bitcoin value, and maintenance costs).

Additionally they have a few videos posted, one of which actually showcases their mining operation.
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October 29, 2017, 09:16:12 AM
 #6

CCG Mining does not offer guaranteed returns. They are transparent about the actual factors that affect the profit of a cloud mining contract (difficulty level, bitcoin value, and maintenance costs).

Additionally they have a few videos posted, one of which actually showcases their mining operation.

Of course you will defend them since you used and give deposit to this scheme base on your profile's site and signature. You can uphold and support them as of now but I'm sure you will cry later once the site runs and dont get your ROI.

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October 30, 2017, 07:26:20 AM
 #7

So far I have been nothing short of honest about my experience. CCG really has provided good service. But only time will tell Smiley If it happens that I lose my money for any reason I will make sure this forum is aware of it. I just want to learn and share my experience/thoughts/opinions.
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November 01, 2017, 04:28:31 AM
 #8

I surely wouldn't trust this site!

I can see a clear red flag just by skimming on their site. They have listed a contract literally named "demo product" for 29.49 USD giving BTC 200 GH one year contract.

I'm sure they can find a better name for that "demo product" if they are really serious about their cloud mining business.
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December 24, 2017, 07:07:29 AM
 #9

I recently looked into these guys, their packages do look to yield nice returns. Ever since Genesis release their last batch of zcash contracts that sold out in like two weeks i have been somewhat interested in cloud mining.

But to be honest I can't ever seem to bring myself to believe that cloud mining is a smart investment because of a some things:

1. You can't withdraw your investment

2. You have to trust that they will honor your contract

3. It could always be more profitable to just take your investment and buy the coin off the market

4. You could yield better returns building the rig yourself

5. Masternodes and POS (Proof of stake) coins could yield better returns and you would always be in control of your money.

I can see how cloud mining can be very inticing to new comers especially with the added affiliate programs offered but they only appeal to this crowd because they are easy and don't require a lot of understanding of the markets and other investment opportunities in crypto.

Invest at your own will, but i would advise any newcomer to learn more about crypto and other options first. good luck

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January 10, 2018, 07:15:02 PM
 #10

Ever since - even with the legit ones like Genesis - cloud-mining was either scam or not profitable (compared to just keeping the BTC or buying BTC (or whatever) with the fiat you would spend).
I would keep my hands off.
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January 15, 2018, 08:11:39 PM
 #11

I suspect many will arrive to this post thanks to CryptoNickk Smiley
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January 15, 2018, 08:21:33 PM
 #12

The decision to invest is from each one (They can try with minimum amounts, but with money that they have). Or in any case they can wait at least 1 year, until the page shows its good reputation in the market, otherwise it will disappear.

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January 15, 2018, 08:21:57 PM
 #13

I watched the video and I must say these guys have made a good one. I still want to point out a few flaws in their website.

1. If they are so proud of their data center facility why they have made the office in London ?

2. How do they intend to pay users while they have electricity costs no matter how low electricity maybe in Poland where they tell us their datacenter is, they have a staff of technicians to pay to maintain the rigs, where will they find money to pay the users ? Mining with graphic cards is profitable but not at the level they are telling us in their video.

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potpockets
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January 15, 2018, 11:50:00 PM
 #14

Summing up the discussion do not invest in cloud mining, bad returns and 99% are scams that will disappear with your money.

nonilon
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January 16, 2018, 12:58:45 AM
 #15

Mining is so risky i think apend your time in investing.
elkoxon
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January 20, 2018, 09:02:05 PM
 #16

Look at the rigs they sell, look at the Fury Turbo+ and let me know how to build that with the parts listed Cheesy

If they are legit, they are incredibly incompetent
MBielsa
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January 25, 2018, 12:06:27 PM
 #17

Would help a lot if they had their own thread here. Newbies coming to defend them doesn't do any good. Quite the opposite.
Tyrantt
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January 25, 2018, 01:05:17 PM
 #18

To be fairly honest, they don't look like a scam to me (may shutdown business but not for the sake of running away with the money), but do not take my word as a fact or anything.

I don't think they're not a scam business because mainly they're not offering bitcoin mining but rather various more profitable coins. Also, their site looks most professional of most and also one more positive thing is that they're not promising huge ROI in a few days.

But cloud mining services are in a bad position today and will continue on to be if they still focus on mining bitcoin mainly.


I love the idea of cloudmining and always will, but do not take my word here as a green light for investing in this one. This is just my opinion.
xiaomi_
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January 26, 2018, 02:30:38 PM
 #19

To be fairly honest, they don't look like a scam to me (may shutdown business but not for the sake of running away with the money), but do not take my word as a fact or anything.

I don't think they're not a scam business because mainly they're not offering bitcoin mining but rather various more profitable coins. Also, their site looks most professional of most and also one more positive thing is that they're not promising huge ROI in a few days.

But cloud mining services are in a bad position today and will continue on to be if they still focus on mining bitcoin mainly.


I love the idea of cloudmining and always will, but do not take my word here as a green light for investing in this one. This is just my opinion.

Professional looking site, tells nothing.
They do offer bitcoin mining, but its currently "sold out".
In general, not only for Genesis, why would a cloudmning company prefer to "share" the profits from mining if they are a profitable industry?
To me the answer is simple.
Because in the end you wont profit at all, or even worse loose your intial investment.
Jetakenare
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February 09, 2018, 04:09:52 AM
 #20

I have learned that it is safer to have just bought the coins and hodl. The trust issues abound. Will they honour their contracts? Will they pay? Better to hodl.
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