Are there any reliable cloud bitcoin mining sites? "new member"

[christhefatcat]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

[crairezx20]

I suggest to don't invest to any cloud mining site there are almost scam. Buying bitcoin is already investment itself..
Any investment online are risky there is no guaranteed profit..
If you had a good amount of bitcoin or money better to build your own rig and mine altcoin instead and convert it into bitcoin or use nicehash to mine altcoin that auto converts altcoin to bitcoin.. 
you can use this calculator https://www.nicehash.com/profitability-calculator
To know the profitability of every GPU listed there..

[swogerino]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

Cloud mining sites are all scams nowadays and even if you find someone legit like Hashnest you will never ROI there too because of maintenance, electricity and the difficulty of the network going up.

I don't suggest you this but if you want to mine altcoins with those bits in a passive way there is the Eobot mining website, while for me it is a scam, the only thing they are good for is to mine altcoins and be paid in those. It is a passive income website but it is not reliable. Use at your own risk.

[amacar2]

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

- No there are no any reliable cloud bitcoin mining service or better to say there is no any profitable cloud mining exists, 99% cloud mining are pure scams.
- If you want to earn passively, than just keep your bitcoin with you for next few years. There are lots of early investors who are millionaire right now with just $1000 investment back in 2010.
- Yes dreaming of making passive income with cloud mining is stupid idea, you will hardly get back what you have invested for many years.

[Youghoor]

All those cloudmining sites are only offering their mining hashrates or rigs and promising huge returns trying to make it look as more real as possible, but it is 100% fake, most of them does not even post the images of their rigs, they are only posting fake ones, or stoled images.
and if you invest, you are probably going to think that it is a legit program, but it is not, it is a fake one, and probably it will disappear in just a few months.

[cryptojedi]

The only one I can fully stand behind is DMD Diamond cloud, it s been online 4 years and many people have reached ROI and made money using it. Other then that, no idea.

Genesis Mining is BS, don't even consider trying that.

[passwordnow]

new member

Welcome to the forum this isn't the right place for a new member to ask such things like this. Go here https://bitcointalk.org/index.php?board=39.0 a lot of helpful things are there for you.

Are there any reliable cloud bitcoin mining sites?

There's none, don't believe with it as most of it are scams. Many newbies are misleading themselves by investing on these cloud mining even though they are warned about it.

I bought my first bits of bitcoin on Friday 3rd.

How many of it? You better hold it.

Looking for a passive earning site, something that deposits profits daily or weekly.

Hold it that's passive but if you want something that will give you daily or weekly profit try trading of alt coins.

[deadsilent]

Don't bother finding one. Consider all of them scams. It's the cloudmining which takes benefits from it. Not the investors. So i suggest, stay away from them. There's many investors are scammed by these scam cloud mining. Come to think of it. You can't even take back your roll of investments within one year. This can't give you decent profit. I don't know why there's so many people fall for this. Cloudmining is not worth your time and money. There's a lot of ways to make your btc grow mate. HYIP sites including cloudmining is not included. You can trade you btc if you want. Trading can give you decent profit. You just need to study it first before jumping to this field.

[Welsh]

Don't bother finding one. Consider all of them scams. It's the cloudmining which takes benefits from it. Not the investors. So i suggest, stay away from them. There's many investors are scammed by these scam cloud mining. Come to think of it. You can't even take back your roll of investments within one year. This can't give you decent profit. I don't know why there's so many people fall for this. Cloudmining is not worth your time and money. There's a lot of ways to make your btc grow mate. HYIP sites including cloudmining is not included. You can trade you btc if you want. Trading can give you decent profit. You just need to study it first before jumping to this field.

In fact the early investors are going to profit, but will encourage others to start joining and eventually people will no longer make a profit. It just doesn't make sense to hire equipment off of people whilst they are the ones buying it and using their electricity and you still expect to profit, it's just not going to happen.

The only one I can fully stand behind is DMD Diamond cloud, it s been online 4 years and many people have reached ROI and made money using it. Other then that, no idea.

Genesis Mining is BS, don't even consider trying that.

Some people may well earn a slight profit, but the majority will be losing a significant margin.

[buwaytress]

So you can see for yourself: the consensus at least from this forum is that cloud mining for Bitcoin is simply not profitable, reliable or not! Instead of wasting your money, if you really want to insist on trying out cloudmining, I would point you to two sites, with the disclaimer that this is not a recommendation. Simply for the experience:

1. eobot. They run a daily faucet in Bitcoin and others, which you can then use to buy tiny bits of mining contracts. They've got their own pool details and seem to be doing a fair bit of cloud folding which leads me to think they at least have an actual business. You'll probably end up needing months to have enough hashpower to mine Bitcoin to meet their minimum withdrawals but if you don't mind spending a minute daily at no other risk to funds...

2. hydrominer. It's an ICO, one of two I am aware of resembling the cloud mining model, except they sell electricity contracts rather than hashrate. The business itself seems legit, and they're not hiding the locations or hardware specs of their rigs. Touting cheap renewable power in Europe, regulatory compliant tokenised model etc etc. Invest at your own risk, they start operations March 2018.

[JanpriX]

Saying that you are a "new member" here at the title of your thread, I would also assume that you are new in cryptosphere and will give you the benefit of the doubt. As a starter, almost all of the cloud mining sites that offer lifetime mining contracts are scam sites/ponzi schemes that feed on new joiners who bring them fresh money. My suggestion is for you to stay away from them and use that BTC of yours to something else. You could just hold them in your wallet (make sure that you have the private key) and forget it. There's a high chance that you'll still be in profit by holding it after few months or years. 

[mrcash02]

If you want passive income investment check casino bankroll investment or FreeBitco.in site investment. Both options you can withdraw anytime your money and you hit ROI instantly or fast. And in my opinion, what makes an investment here worth is to invest Bitcoins, to invest AltCoins can generate profit, but probably not in relation to BTC as its price increase much more than other virtual currencies.

[boyptc]

There are some cloud mining that are trusted like hashflare and genesis but I don't buy that cloud mining. I once became a victim of the old "trusted" cloud mining so even they are running I'm not going to invest with any cloud mining now. It's better to hold and trade my bitcoin to alt coins.

[christhefatcat]

thanks for all the advice, very friendly forum, totally new to cryptocurrency.

[christhefatcat]

If only I had asked about this on the 3rd.


I invested in an bitcoin miner called bitc0in_miner (through instagram, doh!) and lost my coins.... must have bought in at the end of his two months pyramid scheme. He was offering 10% a day returns on whatever amount you invested. tbh that is ridiculous, because you can turn an investment of $500 into $1million in 6-7 months at those returns. From all the investors, Pearce (in San Francisco), made just over $12Million... not bad for two months work......


They had evidence of the process, the equipment, the payouts and it looked completely legit.... the poster was consistent and no alarm bells rang for me even his tone was business like.


I got stung for $500 £400.................. There were people in there getting $100K a day in returns, I guess some of them will be looking for this person... to say hello to.


Lesson learned, thanks all.

[savioroshan]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

Buddy, I suggest you to stay away from cloud mining and hyip Ponzi sites. Genesis mining is a legit site but it will take nearly one year or more than that to reach your roi. So its really waste of time. Hyip and Ponzi sites promises you high returns for your investment. it is just to attract the investors. But they all are scammers. When they collect enough deposits from the investors, they just go offline.

[Nfp]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

If you want to find a reliable cloud mining site. You need to research the cloud mining company you want to invest in. Because there are so many cloud mining companies that are scams and only few are reliable. Just take your time to find the best one.

[Jombitt]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

Do not invest in a  cloud mining site or else they will just scam your money. Most cloud mining that i had encounter is only good at the beginning and after so many people hook and invest in their site. They can easily shut down their cloudmining site and run the money of investor. Buy bitcoins or altcoin then HODL it. Better to invest in buying coins and wait for the coin value to grow

[Zocadas]

new member

Are there any reliable cloud bitcoin mining sites?

I bought my first bits of bitcoin on Friday 3rd.

Looking for a passive earning site, something that deposits profits daily or weekly.

If thats a stupid idea then , I am completely new to any of this.

thanks in advance.

To gain passive income, it would be enough to keep your Bitcoin. At beginning of this year it was under 1000$. You could also buy some altcoins with a little part of your funds and just wait. Maybe you also could lend your Bitcoin/Altcoin on Bitfinex. But also use for this not your whole BTC. Exchangers always can go down and cloudminers too.

[Kalkulus]

A safe way to have a passive income could be to offer lends of BTC at % rate.
Poloniex have a section for this https://poloniex.com/lending#BTC