Bitcoin Forum
October 20, 2018, 08:36:09 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Minergate cloud mining test (real numbers) IT's SCAM  (Read 499 times)
rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
December 31, 2017, 03:45:22 PM
 #1

Hi all.
I have decided to test MinerGarte cloud mining and share my experience with you.

Initially the price seems pretty good if there is no stock in ViaBTC or in Genesis.

But the result is very different.

Daily maintenance fee is feixed to  $2.452924.
I have paid for 7,5 TH/s but i get only 2 TH/s profit....

They simply cheat you with the amount btc mined ... the BTC amount must be 3-4 times higher ..,
The problems is not the fee the problem is real TH/S. they also not show the statistics just add you 0,0002 mined then rest $2.452924 fee for maintenance and you see you total mined.... daily aprox 2.452924

My results:

Price: $1094.41
Hash power: 7433.1021 GH/s
Daily Mining: $4.144401
Maintenance: $2.452924

Initial daily income: $2.955355
Actual Daily Income: $1.691478

les than 2$ /day.... investing $1094.41


--- weekly updated information ---

45 days of mining:

Earned total USD: 142.32 USD ( In 70 days)

The surprise comes when after 70 day's finally i have reached the amount that allows minergate to withdraw BTC.


I can't withdraw the mined BTC, on the last step when i have to click last time on withdraw button i get this error:

ERROR: Service is temporarily unavailable.


I've been trying it for a week at a different time and nothing.

MINERGATE IS SCAM !!!

I've been trying to withdraw my bitcoins for more than three weeks every day and in different time and always get same error : Service is temporarily unavailable.
The support never answers, whenever I have sent a question I receive an automatic response 3 months later saying me that if I still have problems i have to send new request.

--- end  ---

At the moment I'm not happy ... it should be at least double or triple. they sell you x TH/x but they give you half or less....


To show you the truth about Minergate Cloud Mining with real numbers ... and you will be able to know what is the real profit and the contract duration.

For all those who are thinking of investing in cloud mining !!!


https://www.cryptocompare.com/mining/calculator/btc?HashingPower=7.4&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=

I will update this message weekly,

1540067769
Hero Member
*
Offline Offline

Posts: 1540067769

View Profile Personal Message (Offline)

Ignore
1540067769
Reply with quote  #2

1540067769
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540067769
Hero Member
*
Offline Offline

Posts: 1540067769

View Profile Personal Message (Offline)

Ignore
1540067769
Reply with quote  #2

1540067769
Report to moderator
castiel0504
Full Member
***
Offline Offline

Activity: 210
Merit: 109

Ultra Mega Giga Super Cool Flying Oposum!


View Profile
December 31, 2017, 06:35:21 PM
 #2

Why the hell are you investing into cloud mining? That shit is not worth at all.. Just ask for yourself why would anyone mine for you? It would be most profitable for you to buy Bitcoin in that value, and just HODL it.
richardsNY
Legendary
*
Offline Offline

Activity: 1134
Merit: 1084


View Profile
December 31, 2017, 10:32:53 PM
 #3

It's a wasted $1100, seriously. It's mind boggling how you even proudly share how you make less than 25k satoshis per day. That money could be invested in whatever other crypto coin and from there you would be making a whole lot more. Also, you can cash out at any time you want, which isn't possible with these cloud mining contracts, unless you find someone delusional enough to buy them from you. There are so many red flag warnings on this forum regarding cloud mining in general, that it is a bit pathetic that people still invest money in them. I wonder how long it will take before your contract gets terminated.
Quickfant
Member
**
Offline Offline

Activity: 117
Merit: 18


View Profile
December 31, 2017, 11:07:15 PM
 #4

The first few who invest may get a profit but in the long term no one will and your just encouraging others to join by giving it a somewhat positive view. Anyone reading this don't invest in cloud mining ever.
rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 01, 2018, 01:41:11 AM
 #5

I decided to try after talking with several people who have been investing in bitcoins for years.
Everyone assured me that it's rentable it and i should invest more than $ 1000 to make it profitable.
I've tried it ... and I can assure you that everyone who recommends it is sure to benefit from it ...

It's nothing profitable Smiley

It is more profitable to invest buying bitcoins and wait for the price to grow ... or even more ... small coins like VERGE, Cardano, Iota ... Smiley

From my experience ... do not invest in cloud mining Smiley everyone will tell you tat you will get back your investment in 3 months .... it's lie Smiley

I hope that this information will serve all those who were doubting like me Smiley

7.5 TH / s should be profitable .... !! but the results are not as expected! Smiley
warning_btc
Member
**
Offline Offline

Activity: 308
Merit: 11

Blockchain Powered Clinical Trial Management


View Profile
January 01, 2018, 12:10:09 PM
 #6

Very bad situation, its more scammer then eobot

maeusi
Sr. Member
****
Offline Offline

Activity: 462
Merit: 253


View Profile
January 01, 2018, 09:56:18 PM
 #7

Hi all.
I have decided to test MinerGarte cloud mining and share my experience with you.

Initially the price seems pretty good if there is no stock in ViaBTC or in Genesis.

But the result is very different.

My results:

Price: $1094.41
Hash power: 7433.1021 GH/s
Daily Mining: $5.415463
Maintenance: $2.452924
Daily Income:  $2.962539 ( 0.00020618 BTC )

les than 3$ /day.... investing $1094.41


At the moment I'm not happy ... it should be at least double or triple.

I will update this message weekly
,
To show you the truth about Minergate Cloud Mining with real numbers ... and you will be able to know what is the real profit and the contract duration.

For all those who are thinking of investing in cloud mining !!!

Happy new year !!


First I wish you best luck, that you will at least get back your investment and minergate will exist those 500 days and more. To your numbers: If any legit cloudminer exists, you will not see a better ROI, because that are realistc earnings and only for profit on longterm, like you would mine with your own hardware. Calculate, how long you would have to mine to get the price of your hardware back, add also maintance fees, electricity costs and the costs of space for the hardware. Cloudminers cause addirional costs like administrative costs, server, staff, taxes and so on. And also they want to make profit. So you can't make quick profits on cloudminers.
But the problem is, that almost all so called cloudminers are ponzi and/or scam or don't pay anymore and finish contracts, like you see now on genesis and hashflare.
bigvito19
Full Member
***
Offline Offline

Activity: 440
Merit: 100

Buy Extremely Low and Then Sell Whenever You Want


View Profile
January 01, 2018, 10:01:41 PM
 #8

lol who still does cloud mining, nevermind

Buy Extremely Low
Sell Whenever You Want
Giggty Giggty Giggty
mnms4life
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
January 05, 2018, 10:15:46 AM
 #9

buy some eth or cloud mine for it wich one wins.?
rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 05, 2018, 03:34:22 PM
 #10

buy some eth or cloud mine for it wich one wins.?

Never pay for cloud mining !

You will earn much more simply by buying bitcoin or any crypto currency if you hold it.

With cloud mining if you are lucky you will recover your ivnersion in a year or more.... or never.. Smiley

Unfortunately I know it from my own experience... Sad

All the videos on the internet or the comments of the blogs are a lie ...
They do it to promote it and give their affiliate link and they get a benefit.
AngelSky
Hero Member
*****
Offline Offline

Activity: 910
Merit: 537


DT member need to respect normal members too.


View Profile
January 05, 2018, 05:43:18 PM
 #11

buy some eth or cloud mine for it wich one wins.?

Never pay for cloud mining !

You will earn much more simply by buying bitcoin or any crypto currency if you hold it.

With cloud mining if you are lucky you will recover your ivnersion in a year or more.... or never.. Smiley

Unfortunately I know it from my own experience... Sad

All the videos on the internet or the comments of the blogs are a lie ...
They do it to promote it and give their affiliate link and they get a benefit.

Minergate is top third cloud mining platform in the crypto market but still investing on it will not be a profitable one for the any investors. Commonly most of the cloud mining site will be scammer site only. Once you paid for the contract they may be block your cloud account and some of the legit cloud mining also asks you pay the fees to manage your cloud mining account. So if you have a thought to invest on these kind of this site. Finally you will be get scammed in the cloud mining.

███           ▄▄▄                          ███
███           ███    ▄█                    ███
███ ▄▄▄▄▄▄          ▄██▄▄▄▄      ▄▄▄▄▄     ███        ▄██▄    ▄▄▄         ▄▄▄
███████████▄  ███ ▐████████  ██▄███████▄   ███       ██████    ███       ███▀
███▀    ▀███▌ ███   ███      ███▀    ▀███  ███      ████████    ███     ███▀
███      ▐██▌ ███   ███      ███      ███  ███     ██▀    ▀██    ███   ███▀
███      ▐██▌ ███   ███      ███      ███  ███    ███      ███    ███ ███▀
███▄    ▄███▌ ███   ███▄     ███▄    ▄███  ███   ████▄    ▄████    █████▀
███████████▀  ███   ▀██████  ███████████▀  ███  ████████████████    ███▀
▀▀▀ ▀▀▀▀▀▀    ▀▀▀     ▀▀▀▀▀  ███ ▀▀▀▀▀▀    ▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀    ███▀
                             ███       ▄▄▄ ▄   ▄  ▄ ▄▄▄          ▄███▀
                             ███      █    █   █  █ █▄▄▀      █████▀
                             ▀▀▀      ▀▄▄▄ █▄▄ ▀▄▄▀ █▄▄█      ▀▀▀















❱❱
❰❰

rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 05, 2018, 09:35:06 PM
 #12

Minergate is top third cloud mining platform in the crypto market but still investing on it will not be a profitable one for the any investors. Commonly most of the cloud mining site will be scammer site only. Once you paid for the contract they may be block your cloud account and some of the legit cloud mining also asks you pay the fees to manage your cloud mining account. So if you have a thought to invest on these kind of this site. Finally you will be get scammed in the cloud mining.

Unfortunately, all the videos I found on YouTube and posts on blogs assure that it is profitable and the investment is recovered in 3 months Smiley

Unfortunately everyone lies leaving their affiliate link to earn money. 100% of the bloggers and youtubers who talk about cloud mining leave their affiliate link and ensure that it is profitable Sad

So if someone is looking for real information ... DO NOT INVEST IN CLOUD MINING Smiley

INFO: Initial message updated with new data!
pixie85
Sr. Member
****
Offline Offline

Activity: 686
Merit: 258


View Profile
January 05, 2018, 10:05:54 PM
 #13

lol who still does cloud mining, nevermind

Greedy idiots that can't read.
I'm coming to this section at least twice a week and I've been doing it for months. Every time there are newbies asking about cloud mining and every time there are other members telling them it's a scam and that they'll lose money and they don't care, they send money to these companies anyway.

arisatox
Newbie
*
Offline Offline

Activity: 123
Merit: 0


View Profile
January 06, 2018, 11:31:21 AM
 #14

I would like to see your numbers for this week because it looks like it will be over a year to pay back at the current rate. That seems bad...
Drixy
Full Member
***
Offline Offline

Activity: 168
Merit: 100

reading.......


View Profile
January 06, 2018, 02:51:12 PM
 #15

Hi all.
I have decided to test MinerGarte cloud mining and share my experience with you.

Initially the price seems pretty good if there is no stock in ViaBTC or in Genesis.

But the result is very different.

My results:

Price: $1094.41
Hash power: 7433.1021 GH/s
Daily Mining: $5.415463
Maintenance: $2.452924
Daily Income:  $2.962539 ( 0.00020618 BTC )

les than 3$ /day.... investing $1094.41


--- weekly updated information ---

Full 6 days of mining:

Earned total BTC: 0.00123818
USD: $17.8

Daily income: $2.955355

--- end  ---

At the moment I'm not happy ... it should be at least double or triple.

I will update this message weekly
,
To show you the truth about Minergate Cloud Mining with real numbers ... and you will be able to know what is the real profit and the contract duration.

For all those who are thinking of investing in cloud mining !!!

Happy new year !!


Thats freaking annoying how could you be investing in Cloud Mining? How did you know about cloud mining if you dont even invested on Hardware mining. Thats a waste of money and time. Your current profit seems shitty, this is a dumb f***king waste man.
solarion
Hero Member
*****
Offline Offline

Activity: 854
Merit: 513



View Profile
January 06, 2018, 03:48:11 PM
 #16

Hi all.
I have decided to test MinerGarte cloud mining and share my experience with you.

Initially the price seems pretty good if there is no stock in ViaBTC or in Genesis.

But the result is very different.

My results:

Price: $1094.41
Hash power: 7433.1021 GH/s
Daily Mining: $5.415463
Maintenance: $2.452924
Daily Income:  $2.962539 ( 0.00020618 BTC )

les than 3$ /day.... investing $1094.41


--- weekly updated information ---

Full 6 days of mining:

Earned total BTC: 0.00123818
USD: $17.8

Daily income: $2.955355

--- end  ---

At the moment I'm not happy ... it should be at least double or triple.

I will update this message weekly
,
To show you the truth about Minergate Cloud Mining with real numbers ... and you will be able to know what is the real profit and the contract duration.

For all those who are thinking of investing in cloud mining !!!

Happy new year !!


Thats freaking annoying how could you be investing in Cloud Mining? How did you know about cloud mining if you dont even invested on Hardware mining. Thats a waste of money and time. Your current profit seems shitty, this is a dumb f***king waste man.

Here with this site you can sell out your hashes as well bro, but many of the people does not using the minergate properly for it. They just tried to mine the cheap altcoins with the minergate software and some mining with its cloud platform.
But seeing finally you will not get the any returns with the minergate at all.
As you said going to invest on the cloud mining platform is not at all a good advice for any mining investors.

███           ▄▄▄                          ███
███           ███    ▄█                    ███
███ ▄▄▄▄▄▄          ▄██▄▄▄▄      ▄▄▄▄▄     ███        ▄██▄    ▄▄▄         ▄▄▄
███████████▄  ███ ▐████████  ██▄███████▄   ███       ██████    ███       ███▀
███▀    ▀███▌ ███   ███      ███▀    ▀███  ███      ████████    ███     ███▀
███      ▐██▌ ███   ███      ███      ███  ███     ██▀    ▀██    ███   ███▀
███      ▐██▌ ███   ███      ███      ███  ███    ███      ███    ███ ███▀
███▄    ▄███▌ ███   ███▄     ███▄    ▄███  ███   ████▄    ▄████    █████▀
███████████▀  ███   ▀██████  ███████████▀  ███  ████████████████    ███▀
▀▀▀ ▀▀▀▀▀▀    ▀▀▀     ▀▀▀▀▀  ███ ▀▀▀▀▀▀    ▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀    ███▀
                             ███       ▄▄▄ ▄   ▄  ▄ ▄▄▄          ▄███▀
                             ███      █    █   █  █ █▄▄▀      █████▀
                             ▀▀▀      ▀▄▄▄ █▄▄ ▀▄▄▀ █▄▄█      ▀▀▀















❱❱
❰❰

hashray
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile WWW
January 07, 2018, 07:36:58 AM
 #17

Base on the data that you provide, you bought hashrate  USD 147.23 per TH/s from MinerGate and get an average result 0.0000277 BTC per TH/s after fees everyday.  Compare to  HasFlare today's 0.0001352 BTC per TH/s after fees, I will say you choose the wrong cloud mining compay.
rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 09, 2018, 11:18:39 AM
 #18

Base on the data that you provide, you bought hashrate  USD 147.23 per TH/s from MinerGate and get an average result 0.0000277 BTC per TH/s after fees everyday.  Compare to  HasFlare today's 0.0001352 BTC per TH/s after fees, I will say you choose the wrong cloud mining compay.

Daily maintenance fee is feixed to  $2.452924.
They simply cheat you with the amount btc mined ... the BTC amount must be 3-4 times higher ...

They have sold me 7.5 TH/s but in reality they give me 2 TH/s ( my contract of 7.5 TH/s is mining daily 0.0002 when it should be about 0.0009)...

The problems is not the fee the problem is real TH/S. they also not show the statistics just add you 0,0002 mined rest $2.452924 fee for maintenance and you see you total mined....

Original post also updated.
arisatox
Newbie
*
Offline Offline

Activity: 123
Merit: 0


View Profile
January 09, 2018, 11:37:30 AM
 #19

Base on the data that you provide, you bought hashrate  USD 147.23 per TH/s from MinerGate and get an average result 0.0000277 BTC per TH/s after fees everyday.  Compare to  HasFlare today's 0.0001352 BTC per TH/s after fees, I will say you choose the wrong cloud mining compay.

Daily maintenance fee is feixed to  $2.452924.
They simply cheat you with the amount btc mined ... the BTC amount must be 3-4 times higher ...

They have sold me 7.5 TH/s but in reality they give me 2 TH/s ( my contract of 7.5 TH/s is mining daily 0.0002 when it should be about 0.0009)...

The problems is not the fee the problem is real TH/S. they also not show the statistics just add you 0,0002 mined rest $2.452924 fee for maintenance and you see you total mined....

Original post also updated.

So you are saying they charge too much for maintenance and they do not even give what you paid for. That is not good and I am sorry you lost so much but thank you for telling people so others do not have it happen to them...
rtj
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 09, 2018, 03:32:47 PM
 #20

This is the reason why I opened this post.
I've searched for some information about cloud mining in google. Unfortunately i found only blogs and YouTube channels telling that in 3 monts you get all the money back!
They tell that its profitable leaving the affiliate link and every time someone registers they earn money)


That's why he decided to show my experience and the real numbers Smiley
And how was/is my experience Smiley

GL
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!