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Author Topic: Cloud Mining  (Read 338 times)
sopprgen22
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November 28, 2017, 07:16:45 PM
 #1

Hi,

i am new to the topic of bitcoin and mining. I want to invest a bit of money, not much around 100$ in mining. I just want to purchase the hashrate and wait for the payouts.
I want to join a pool because it is more profitable than single mining, isnt it? Please correct me if i am wrong because i dont know anything about this topic.

I tried to join the antpool because it is the biggest one and a lot of people will become angry if the website shuts down isnt it, but i cant find a button which let me choose my hash rate, like genesis mining where i can buy packages. Thats what i want but i heard genisis mining is scam.

So my questions are:
1. I want secruity that means i dont want to invest in a scam site which goes offline in 10 years or smth.
2. Can a pool or website be prosecuted and the investors get their money back or is it hard to do so
3. is there a german forum because my english is not the best Wink


I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?

Kind regards Florian
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Iranus
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November 28, 2017, 08:04:52 PM
 #2

I want to join a pool because it is more profitable than single mining, isnt it? Please correct me if i am wrong because i dont know anything about this topic.
Joining a pool is to prevent payout variation from affecting your profits.  When mining solo, it's extremely unlikely that you will mine a block (unless you have an extraordinarily high amount of hardware), so the purpose of pools is for people to "pool" their resources together, in the hope of finding blocks more often.
I tried to join the antpool because it is the biggest one and a lot of people will become angry if the website shuts down
You do not understand mining pools and their relation to "cloud mining" sites.  A "cloud mining" site can choose to direct their hashrate towards any pool or to no pool at all.
i heard genisis mining is scam.
It is not a "scam" in that it hasn't directly stolen its users coins - rather, it takes them indirectly through a long process of ambiguous fees, misleadingly showing fiat profits, and a referral program.
1. I want secruity
Then buy your own hardware.
2. Can a pool or website be prosecuted and the investors get their money back or is it hard to do so
It's often difficult.  Some Ponzi schemes (such as HashOcean) simply steal their users' funds and vanish.
3. is there a german forum because my english is not the best Wink
Yes.  Go to the German local board.
I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?
That's impossible.  Actually, it's extremely unlikely that you will ever receive any profit from these schemes.
joinfree
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November 28, 2017, 10:38:16 PM
 #3

Dont even think about putting your funds in one of those scammy sites, they are only going to steal your bitcoins, and we all know that they are just ponzi schemes trying to fish some fishes to steal their coins.
Tell me, is it possible to earn 1,5% a day just by investing on a bank or in a real fund? Then why one of those ponzies is going to give you such that return everyday? Just like bitconnect is doing right now.

Even if this is a cloudmining, they are giving you unreal profits, they are not even having those antminers and all those rigs in their possesion, it is all a fake, and 9 of 10 of them are scam.

A lot of people lost money during the HashOceah scam, and because of that, everybody is afraid of investing in those sites.


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freebutcaged
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November 28, 2017, 11:44:31 PM
 #4

Mate I have heard if you shill for Ant pool Wu and his fuck buddies, they will grant you a cloud mining contract as long as you could create new forum

Accounts and post the same shit acting like you don't know anything. if you read more probably will learn something. if you buy mining contracts from

Ant pool, they will mine Bitcoin cash with your hash power and increase the hash rate to fool newbies.














 

 

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Tyrantt
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November 29, 2017, 12:05:40 AM
 #5

What you're looking for is something that disappeared a few years ago. I don't know any cloud mining service like the one you're looking for and the only one I've profited from, closed the sales of Gh/s. Loop up the service in my signature, you may like what they will offer.
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November 29, 2017, 05:12:09 AM
 #6

There are already many threads open tmfor discussion to same question, if you explore the market well, i think you will see only a few posts encouraging to cloud minings and mostly the replies are seen against cloud mining investments. In other words, cloud minings are no more part of crypto community.
Read replies through the thread and if you don't want to be one among loosers, take right decision at right time

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Nfp
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November 29, 2017, 08:18:19 AM
 #7

Cloud mining is not profitable for your investment, most of them are scams. If you really like to invest your bitcoins , it is much better if you try to invest to an ICO.  They are more reliable than to cloud mining.
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November 29, 2017, 08:27:26 AM
 #8

Cloud mining is not profitable for your investment, most of them are scams. If you really like to invest your bitcoins , it is much better if you try to invest to an ICO.  They are more reliable than to cloud mining.

Yap and buying hashrate is just another scam for you to invest in their address. If you really want mining try searching on the cloud mining services (example https://www.genesis-mining.com/) that existed for how many years. Chances are they are legit but you would really need to invest money if you want to partake in their pool.
magneto
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November 29, 2017, 08:43:24 AM
 #9

Hi,

i am new to the topic of bitcoin and mining. I want to invest a bit of money, not much around 100$ in mining. I just want to purchase the hashrate and wait for the payouts.
I want to join a pool because it is more profitable than single mining, isnt it? Please correct me if i am wrong because i dont know anything about this topic.

I tried to join the antpool because it is the biggest one and a lot of people will become angry if the website shuts down isnt it, but i cant find a button which let me choose my hash rate, like genesis mining where i can buy packages. Thats what i want but i heard genisis mining is scam.

So my questions are:
1. I want secruity that means i dont want to invest in a scam site which goes offline in 10 years or smth.
2. Can a pool or website be prosecuted and the investors get their money back or is it hard to do so
3. is there a german forum because my english is not the best Wink


I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?

Kind regards Florian

If you invest in cloud mining you abide to their rules, essentially. If they are actually mining then they are definitely mining in a pool and you don't have to worry about configuration of the miners into a pool, unless you are renting rigs.

I'll tell you this though, most cloud mining are not going to make you any profits.

$100 to 1 BTC(100x profits) is just impossible to achieve with cloud mining. In fact, transaction fees will probably eat away the majority of your investment to begin with.

timerland
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November 29, 2017, 09:47:39 AM
 #10

Hi,

i am new to the topic of bitcoin and mining. I want to invest a bit of money, not much around 100$ in mining. I just want to purchase the hashrate and wait for the payouts.
I want to join a pool because it is more profitable than single mining, isnt it? Please correct me if i am wrong because i dont know anything about this topic.

I tried to join the antpool because it is the biggest one and a lot of people will become angry if the website shuts down isnt it, but i cant find a button which let me choose my hash rate, like genesis mining where i can buy packages. Thats what i want but i heard genisis mining is scam.

So my questions are:
1. I want secruity that means i dont want to invest in a scam site which goes offline in 10 years or smth.
2. Can a pool or website be prosecuted and the investors get their money back or is it hard to do so
3. is there a german forum because my english is not the best Wink


I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?

Kind regards Florian

As others have said, 10000% profit in 6 months is unrealistic to expect from anything, especially cloud mining which has one of the worst track records as a profit making instrument. If you make a profit with cloud mining, you're actually one of the lucky few.

If anyone promises you these returns, then they are lying or trying to scam you.

The best thing to do is to stop thinking of investing in cloud mining altogether. Get some more funds to start with first.

zikabra
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November 29, 2017, 04:32:26 PM
 #11

I want to invest a bit of money
I won't even bother to read whole post.
Don't do that, please. Don't invest money in cloud mining first of all 99.9% are scam and in other 0.01% you won't even reach ROI. Unless you reinvest and reinvest and reinvest - which is impossible these days because cloud mining service will give you one year contract, difficulty will increase, more miners will mine over time and your earnings will drop. A lot. You will be happy if you get your investment out.
Zocadas
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November 29, 2017, 06:55:27 PM
 #12

Forget cloud mining. look at the Bitoinkurs. Do not make the same mistakes we did. Few of us have made a profit. We only burned a lot of money. If we had just kept the Bitcoin or at least bought a few Altcoins, then many of us would probably already be wealthy. Actually you will do good to keep Bitcoin and you will have your passive income. If you want an insight of cloudmining, cryptocurrencies and guides, then go to eobot and use the faucet there. But I wouldn't invest right now. Only fiat to BTC.
For the best you would get your 100$ back in Bitcoin in 17-20 months at legit cloud miner and nothing at 99.99 percent of "cloud miners".

   

 
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pixie85
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November 29, 2017, 09:05:31 PM
 #13

I want to invest a bit of money
I won't even bother to read whole post.

Because all I want to do is get something with my signature posted and head to another thread  Wink


I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?

Unfortunately there's no way to get 1 BTC in 6 months with a small investment like yours. There easiest way to earn some coins is to participate in bounty campaigns, especially if you have a decent youtube/fb/twitter account. Preferably all of them. You can also try to get free coins from airdrops and giveaways.
If you invest $100 in cloud mining best case scenario you'll get $150 in a year. If you put the same money in Bitcoin you'll probably get close to that number anyway, but much safer.

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November 29, 2017, 09:52:29 PM
 #14

Cloud mining is not profitable for your investment, most of them are scams. If you really like to invest your bitcoins , it is much better if you try to invest to an ICO.  They are more reliable than to cloud mining.

What is an ICO?
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November 30, 2017, 05:39:08 AM
 #15

Cloud mining is good but the value of return will take time. So it is always to do research before investing in cloud mining. Now a days cloud mining earning are very low and it will take time to get return on the investment.

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pinkflower
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November 30, 2017, 05:46:39 AM
 #16

Are you serious? $100 for cloud mining? Not only is cloud mining not profitable but the amount willing to be invested is very small. Its better to spend all of that on an altcoin under $20m in market value and try to get lucky for a 10x return.

https://www.burst-coin.org/proof-of-capacity - Ensuring Maximum Fairness And Trivial Energy Consumption
Mister1k
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November 30, 2017, 06:57:37 AM
 #17

Are you serious? $100 for cloud mining? Not only is cloud mining not profitable but the amount willing to be invested is very small. Its better to spend all of that on an altcoin under $20m in market value and try to get lucky for a 10x return.

That amount he says for investing to buy the hash power to mine the coins. You will be able to find the mining works in cloud mining but most of the site like these use to scam the investors you put their fund. Some account might be also get locked. There are very large amount of people investing on GPU and ASIC only. newbies only mostly attracted by the cloud mining and seeking suggestion here. Once they understand about it then they will also leave cloud mining from their thought.

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frowsiter
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November 30, 2017, 10:50:56 AM
 #18


Just ignore the cloud mining and look at the alt coins currently. How they are growing, be smart investor rather than just earning a hope form scam website. To be honest guys like you ask question about the cloud mining, like one or twice a week and we are always here to disagree the facts of cloud mining is legit one. They pay no problem about that but only until few months or may be years but not after that. Also, take into consideration that you have to re-buy the contracts after year so you cut loose your profits and don get anything but loss.



Are you serious? $100 for cloud mining? Not only is cloud mining not profitable but the amount willing to be invested is very small. Its better to spend all of that on an altcoin under $20m in market value and try to get lucky for a 10x return.


Now that is true fact and indeed investing that much would give you only few MH/s of hash rate which isn't enough for you to earn money, not even ROI within year.



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November 30, 2017, 11:55:22 AM
 #19

Hi,

i am new to the topic of bitcoin and mining. I want to invest a bit of money, not much around 100$ in mining. I just want to purchase the hashrate and wait for the payouts.
I want to join a pool because it is more profitable than single mining, isnt it? Please correct me if i am wrong because i dont know anything about this topic.

I tried to join the antpool because it is the biggest one and a lot of people will become angry if the website shuts down isnt it, but i cant find a button which let me choose my hash rate, like genesis mining where i can buy packages. Thats what i want but i heard genisis mining is scam.

So my questions are:
1. I want secruity that means i dont want to invest in a scam site which goes offline in 10 years or smth.
2. Can a pool or website be prosecuted and the investors get their money back or is it hard to do so
3. is there a german forum because my english is not the best Wink


I want something like invest 100$ and get 1 bitcoin in 6 month or something like that if you know what i mean.
Can you recommend something?

Kind regards Florian

In anything we do, objective matters which is what I have bolded there but the issue is that, if that is what you are targeting, I would suggest you tried another area of interest because there is no way that can happen in 6 months and not even cloud mining no matter how profitable it is. If its not greediness tell me how you want to turn $100 to over $11000 in 6 months just by buying hash rates. If someone should even offer you that kind of investment, you should run because that is scam and there is no two way to it.

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November 30, 2017, 06:14:57 PM
 #20

There are only two cloud miner renter out there miningrigrentals and nicehash but price on both of them are quite high because the one who are willing to provide their rigs for rents are only doing so to get more than what they can get from simply mining alts themselves. So using those rigs for mining in pools is just not profitable.

Other cloud mining platform which sells out mining packages are expensive and you might have to spend more than a year to get back your initial investment if bitcoin price will keep on increasing or remain at constant price range and mining difficulty for bitcoin will not increase which is quite unlikely.

So in conclusion, if you love mining and have some cheap electricity buy mining rigs and start mining at your backyard or warehouse.
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