Beginner question about free mining sites

[cheshireworks3]

Hello out there,

Acknowledgment: This is a dumb question.

A month or so ago I saw an ad banner and whimsically signed up for a free bitcoin mining site, Start Miner. (there are paid options but I used the free one). I know a bit about how mining works, at least in theory.

I created a wallet (actually 2, Coinbase and Blockchain) and submitted my address. Feeling that Coinbase looked like a more secure site and having nothing to lose, I used that wallet.

Coinbase auto changed my address when I tried to withdraw from Start Miner. and I couldn't withdraw BTC from Startminer to either address. It's a tiny amount, just trying to learn things before putting skin in the game, but I can't figure this problem out. When I attempt to withdraw my address changes before I can do so. I know I'll probably need to start over, but please educate me.

[ZCoinTalk]

That sounds really strange. Normally you have a deposit wallet address that you use and Coinbase will process your transaction.

Please note though that you don't have to use an online wallet. You can also generate a paper wallet:
https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html#

After that, just keep an eye on your account using https://blockchain.info (search your public address in the Search box)
Paper wallets won't get hacked 

[cheshireworks3]

Thank you for replying!

It is when I choose 'deposit' on Coinbase that my address changes...my amounts are too small for me to get really concerned about hacking just yet. Do paper wallets have stable addresses? I understand why addy's need to change periodically but I can't seem to interface with Start Miner correctly this way.

I actually have 3 (free with an option to buy in) accounts but none of them give detailed withdrawal instructions, so when I ran into this problem I decided to conduct my experiment with SM until I get it right...could you give a step by step on withdrawals from this type of account?

[cheshireworks3]

I don't know if I made this clear or if it is common knowledge but I can't change my address with Start Miner. That was the first issue I looked into. If I have, for example, .0512 BTC in my SM account and try to deposit .05 in my wallet, the .05 disappears and I can't port the .0012 to a new address.

That would be okay; just withdraw everything at once, right? But Coinbase generates a new address for me whenever I try and the .05 that technically would have gone to my now 'old' address vanishes.

I think I'm going about this all wrong.

[FrankNorway]

Hello out there,

Acknowledgment: This is a dumb question.

A month or so ago I saw an ad banner and whimsically signed up for a free bitcoin mining site, Start Miner. (there are paid options but I used the free one). I know a bit about how mining works, at least in theory.

I created a wallet (actually 2, Coinbase and Blockchain) and submitted my address. Feeling that Coinbase looked like a more secure site and having nothing to lose, I used that wallet.

Coinbase auto changed my address when I tried to withdraw from Start Miner. and I couldn't withdraw BTC from Startminer to either address. It's a tiny amount, just trying to learn things before putting skin in the game, but I can't figure this problem out. When I attempt to withdraw my address changes before I can do so. I know I'll probably need to start over, but please educate me.

Hi

I'm a newbie my self, but checked the site out.

Scamadviser.com claims that startminer most probably is a scam. https://www.scamadviser.com/check-website/startminer.com

Best regards

Frank

[cheshireworks3]

Hi Frank,

I've been wondering about that. I know I am being self-depreciating throughout this thread... but I wanted to eliminate my own fallibility before coming to that conclusion.

I do like the idea of playing with these sites though. I'm currently online all day doing freelance work and have time but not money to invest. Had a health issue last year. Are there legitimate sites like SM out there?

tx, TC

***edit: I meant to say, are there mining sites that are legit that are similar to the SM concept, not to imply SM is legit. Or not.

[Deathwing]

Do not use those sites, they are working on a scheme called "ponzi" https://en.wikipedia.org/wiki/Ponzi_scheme in case you deposit any money, there is a huge chance that you will lose the money you deposited and will never see that again. There is no such thing as "free mining"

[FrankNorway]

Hi Frank,

I've been wondering about that. I know I am being self-depreciating throughout this thread... but I wanted to eliminate my own fallibility before coming to that conclusion.

I do like the idea of playing with these sites though. I'm currently online all day doing freelance work and have time but not money to invest. Had a health issue last year. Are there legitimate sites like SM out there?

tx, TC

Hi

I've started looking into bitcoin about 3 weeks ago and found more fake cloud mining sites then reliable one. My post in this tread about that vas deleted by the moderator. I guess because of afilliate link or wrong use of youtube video.

The only one i have invested in after hours of youtube and google is Hashflare. Im now testing with 1 TB and after 8 days with reinvesting grown to 1.12 Tb. about 20% of your income will go to maintenance and power fee.

There is a lot of strong opinions about this site and called a scam because of payout problems. These issues seems to be handled and already there is actions done with promising results.
I will wait to invest more until I can test a payout, my earnings are under the current limit for payouts.
Also you have to consider that most contracts is one year limit.

Genesis mining is the marked leader but is out of stock so I haven't researched throughout. But there is a lot of negative posts here.

Nicehash Mining Pool was also a marked leader but was hacked.

Bitconnect might not be a ponzi scam but a bad deal compare with other. I belive that your bitcoins is turned into tokens or dollars, so you vill not benefit from the bitcoin value growth... But I might be wrong, but I will stay away. Also reminde me of multi level marketing witch I dont approve of.

 
Your plan look interesting and I plan to do similar. But don't invest more then you can afford to loose in case of scam or hacking.

I can send you some vlogs from a youtuber trough a personal message, as i told you my post was deleted.

Keep us updated on your results.

Happy mining

Frank

 

[tvset]

I was at bitminer.io and it works  the same schema. I understand that I don't sent money to it!

[cheshireworks3]

Hi Frank,

Yes you can PM me...I don't know how that works on this site yet but I have notifications on...I'll look into HashFlare.

Deathwing, I'm sad to say that that sounds pretty likely. I was hoping that the free accounts provided something that benefited the sites (good ratings, lots of users). Since I didn't invest anything I didn't look as closely as I could have at the negatives. Even if I had funds to invest I wouldn't do so until I have more experience with the system, i.e., how to withdraw, deposit, and exchange BTC.

I'm still open to more ideas about sites that work and how to work them. I don't mind investing a little time and computing power.

[odolvlobo]

Coinbase auto changed my address when I tried to withdraw from Start Miner ...

Coinbase changing the deposit address is completely normal. It should not cause any problems whatsoever.

https://support.coinbase.com/customer/portal/articles/2276500

All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments ...

[cheshireworks3]

Hi,

Coinbase changing the deposit address is completely normal. It should not cause any problems whatsoever.

I'm giving that a try. Read the article (noted that it says to buy BTC, not to deposit) and I tried again with Start Miner to see.

The transaction hasn't gone through but, interestingly, SM is showing a new interface page where both my transactions can be seen. Both are marked 'pending'. This page didn't show up before.

I'm still interested in more info. I'll keep an eye on the transactions and let y'all know if the 'pending' status ever resolves itself into anything. I looked and looked for a page like that...swear it wasn't there before...

[cheshireworks3]

Frank,

I received the PM-not sure how to reply directly. I'll look at those and message you back tomorrow...everyone's home for the evening at the moment...and, thank you!

[FrankNorway]

Frank,

I received the PM-not sure how to reply directly. I'll look at those and message you back tomorrow...everyone's home for the evening at the moment...and, thank you!

There is a ton of haters and affiliate youtubers, but I'll guess you can browse trough some of the more moderate and serious posts to make an opinion.

Good look to you.

[kokoko77]

can i mining with my computer on website?

[tvset]

my experience in bitminer.io shows that transaction is pending for  1 year

[cheshireworks3]

In a way, I wouldn't mind a year...if I felt sure of a site and the fact that it wouldn't be hacked. My strategy is more long-term and less daily play.

BTW as a follow up to my experiment, the transaction still has not posted to Coinbase. I haven't checked Startminer for any updates as per yet.

Re:

Coinbase changing the deposit address is completely normal. It should not cause any problems whatsoever.

When I press 'deposit' on my Coinbase account, I get this message:

Only send Bitcoin (BTC) to this address: Sending any other digital asset, including Bitcoin Cash and USDT, will result in permanent loss.

I had forgotten about that exact message but it caused my concern about the address changes. I'm still not entirely sure which message to believe regarding m Coinbase wallet.

[SevenSign]

Hello there, good day! Tnx always for those posts that make us positive and make as always inlove into this cryptoworld, those very inspiring posts, a wonderful suggestions, its very awesome.

But, I just wanna know if there a link for legit mining which u dont need to invest first. Just for earning a little btc or satoshi token, tnx a lot and more power to everyone!

Best regards to everyone...

[rphk]

I believe free mining word is new , as said above that may not be trusted site,  Actually mining requires good hardware now a days and with good electricity , with the good hash rates you can earn good amount of bitcoin , hashflare , genesis mining are all cloud mining sites , cloud mining sites are not trustable , so go through the bitcointalk forum study well about the cryptocurrency it will be useful to know more on bitcoin and other cryptocurrency.

[cody72]

how does this website works?
what can they do if they just take your bitcoin address? I've already 0.00000480 BTC but don't know what to do