cloud minnig

[emreyurt999]

would you recommend a cloud mining company?

[1715411997]

1715411997

[emreyurt999]

?

[Slow death]

would you recommend a cloud mining company?

No!

see that there are cases of many people who have invested in cloud mining sites and have not made a profit

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

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

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

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

7.5 TH / s should be profitable .... !! but the results are not as expected!

Minergate cloud mining test (real numbers)

cases of cloud mining that have increased the minimum value of payments to prevent people who have invested little do not make withdrawals

BTC minimum withdrawal amount is set to 0.05 BTC.

https://twitter.com/hashflare/status/944226914948050944

Do not waste your time with cloud mining

[maeusi]

99.99% of so called cloud mining companies are scam. I knew three legit working. Hashflare, Eobot and Genesis. Never had minergate on focus. Hashflare finished lifetime contracts and cut them to one year. They changed withdraw minimums, so that many customers can't pay out anymore. Genesis also began to cheat their customers and finished lifetime contracts. Eobot seems still to work proper. But the ROI is on 17 months.
I wouldn't recommend to invest into any cloud miner.

[ShadowBJ21]

cases of cloud mining that have increased the minimum value of payments to prevent people who have invested little do not make withdrawals

BTC minimum withdrawal amount is set to 0.05 BTC.

https://twitter.com/hashflare/status/944226914948050944

Do not waste your time with cloud mining

And here it goes again. Telling people all cloud mining companies are scammers because they do something you don't like.

Why not tell them there's a reason for that which is mainly because of the crappy Bitcoin Blockchain. Why not tell them that at least their fee is much lower than what a usual BTC Transaction fee is. Why not tell them the high withdrawl limit is only with BTC. ETH for example has only about $90. And why not tell them even when they are below the limit they can cash out any amount after their contract expires.

Dear users,
Update 06.01.2018 13:15 UTC: BTC withdrawals are enabled in limited mode, with the minimum withdrawal amount set to 0.05 BTC. Bitcoin network fee at the moment is 0.0007 BTC. We are working on changing the method of creating transactions to batches of multiple withdrawals, to reduce the time it takes withdrawals to reach the destination wallets and to reduce the network fee for our customers.

Because of the all time high amount of unconfirmed transactions in the Bitcoin network, the network fee (commission fee in HashFlare.io) fluctuates.

And about whithdrawl:
"... we can confirm that users will still be able to make a withdrawal in case if their balance will be lower than the minimum withdrawal amount by the time when their contract expires."
(https://hashflare.zendesk.com/hc/en-us/articles/115005082325-Why-Bitcoin-Withdrawals-and-Payments-Are-Taking-so-Long-to-Confirm)
 

Of course there are a lot scammers around in the cloud mining business but just because you don't like the way they do their business it's not scam.

And to answer the OP's questions: So far I like Hashflare a lot. Although you have to calculate ROI carefully as they increased prices for BTC mining some time ago. Maybe also look at ETH here (if the ETH uptrend stays). Genesis seems to be legit but currently doesn't offer contracts with BTC, ETH and most others (only Monero if I recall correctly). Don't like the payout from Minergate (from cloud mining) ... much too low compared to the pools results.

[maeusi]

@ShadowBJ21
You like hashflare? Did you get a payout in the last time?
If customers do not invest a huge amount, they cannot withdraw anymore. And that alone would be enough for a scam accusation.
And Genesis? They suddenly shutdown lifetime contracts and only pay two months.
No, don't waste your money.

[carlfebz2]

@ShadowBJ21
You like hashflare? Did you get a payout in the last time?
If customers do not invest a huge amount, they cannot withdraw anymore. And that alone would be enough for a scam accusation.
And Genesis? They suddenly shutdown lifetime contracts and only pay two months.
No, don't waste your money.

They are really now making such changes because it turns out that mining difficulty do already affect their profitability which would normally end up that investors would really suffer out. Putting up money on these cloud mining sites isn't never worth of.Instead on planning to make investment better to hold it off for longer terms on bitcoin form it would be much worth it. For OP don't ever tend to invest on these,you will surely regret later on if you neglect our warnings here.

[tippytoes]

would you recommend a cloud mining company?

Actually, you don't need to create a thread for this. You just need to browse and search related threads regarding cloud mining articles. And the only bottomline is - don't invest on them. Otherwise, you will not get even the ROI. Good luck!

[kafiristanica]

I have experience with cloud mining. You will waste your time and money. Don't reiterate my mistakes

[pixie85]

would you recommend a cloud mining company?

No, I wouldn't.

Listen to experienced posters and don't get involved. I know it may look like we're all earning from it and telling you not to invest so that there's more for us but it's not!
9/10 cloud mining companies disappear in less than a year. That's not an assumption, that's a fact!

[CyberKuro]

would you recommend a cloud mining company?

Most people say it's not profitable, stay away from it or it's better to buy ASICs and mine bitcoin in your home.
The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.
Bitcoin hashrate will be available in few days: https://twitter.com/GenesisMining/status/947876306682867712
Do not buy Gold package ($179 for 1,000 GH/s), just buy Platinum ($845 for 5,000 GH/s) or Diamond package ($3975 for 25,000 GH/s)

[ShadowBJ21]

If customers do not invest a huge amount, they cannot withdraw anymore

Did you even read what I wrote and quoted or do you just like to jump on the scam-caller train?

[richardsNY]

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

[Nalbo]

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.

[shintosai]

The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.

Genesis mining legit? Them being (according to themselves) a major player in mining various crypto currencies, but not sharing any actual proof of where their mining rewards flow into, is something that can be seen as legit? Don't make me laugh. They have refused to show that bit of proof for years now, and people as dumb as they are still make use of them. It's not that they can anonymously mine crypto currencies under the radar, everything that happens can be seen by basically anyone, but yet there is not even a single sign of Genesis mining.... These scammers don't deserve any vouching from people here.

I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.

better not mate, its hard to invest your money with such a long period of time and gain little, if you still have spare money then buy btc and hold
for sure it will grow after 3 years, or try to learn how to be a good trader and slowly grow your bitcoin using alt coin market.

[PeZ]

I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.

Did you try contacting support to see if they will send your balance? What coin were you mining?

[madwica]

I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.

Did you try contacting support to see if they will send your balance? What coin were you mining?

That is the secrets of cloud mining, you should need to deposit more that to your generated income to have them a fund for withdrawal into your request. I have been in multiple cloud mining sites before but all of that has same result they dont return my investments simply they only scam all their investors.

To OP i do no think there are some users will recommend cloud mining site because this method is not profitable they always turning to be scam if they reach their goal (total amount of investments).

[btcCoincart]

To be honest, no cloud mining work in the true way, they are ponzi obviously.
Take care bro!

[lucianus_luciferus]

not all cloud mining sites are scams
yes nobody can say if they will turn into scams or not but that's the same as predicting the next plague
if you do your research and only invest what you can afford to lose you will be fine

[stomachgrowls]

would you recommend a cloud mining company?

Most people say it's not profitable, stay away from it or it's better to buy ASICs and mine bitcoin in your home.
The most legit cloud mining around is genesis mining, but you can't make profit by investing a small amount as you need big hashrate to generate profits.
Bitcoin hashrate will be available in few days: https://twitter.com/GenesisMining/status/947876306682867712
Do not buy Gold package ($179 for 1,000 GH/s), just buy Platinum ($845 for 5,000 GH/s) or Diamond package ($3975 for 25,000 GH/s)

I would rather do those bolded words above on my own than on bothering myself on investing into those so-called package they do offer because sooner or later they would turn out not to be profitable already.Im assuring you that it will happen no matter how legitimate they are profits will really be affected no matter what. Genesis and Haslflare are legit ones but most cloud mining sites do exist in market today are just total scams. For an investor since its your own money then the final decision would really still up to you.

[ShadowBJ21]

....because sooner or later they would turn out not to be profitable already.

Absolutely agree, but unfortunately this is valid for your much more expensive Antminer too!
Of course you can try to sell the Antminer later ... and scam some newbie into giving the expression they can still make money with this ;-)

[Nfp]

would you recommend a cloud mining company?

The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.

[cryptowye]

....because sooner or later they would turn out not to be profitable already.

Absolutely agree, but unfortunately this is valid for your much more expensive Antminer too!
Of course you can try to sell the Antminer later ... and scam some newbie into giving the expression they can still make money with this ;-)

Many chinese miners are selling off thier hardware now. Many ppl are getting bulk deal.

If you live closer to China, you might hear of this. I probably give it a go, setting the mining is not really that easy anymore.

[maxim_mazurok]

I don't think that cloud mining is a really good idea, to be honest. But you can try hashflare, for example.

[Vibr56]

would you recommend a cloud mining company?

The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.

A few cloud mining companies are legit "probably', but it's kinda difficult to guarantee profit from them since your gain will only depend if they gain as well. Otherwise, your contract will end automatically if no gains for several months.

[lablab03]

Stay away from cloud mining bro,  its not recommended for those who want to gain bitcoin or to make bitcoin since theres no proofs that cloud mining can make profit. Unless if you have the specific hardware and equipment  to mine cause much better to do hardware mining instead of cloud etc.

[reflector]

would you recommend a cloud mining company?

The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.

A few cloud mining companies are legit "probably', but it's kinda difficult to guarantee profit from them since your gain will only depend if they gain as well. Otherwise, your contract will end automatically if no gains for several months.

You found this information from the some of the searches you have done in the Google results but actually every cloud mining site seems scammed their users like blocking their account or asked for the more charges to maintain your cloud account and so on.
There are many people got scammed with the cloud mining. Do not consider that even few in your list also a legit information.

[pratik009]

No,never.i don't recommend any of cloud minning sites beacause they all are scams.i would like to share my personal experience on this topic.may be before three month i invested in one cloud mining site.it name was auroramine.i invested 0.001 btc in this cloud mining.But as i invested on this sites they blocked my account and I couldn't withdraw my btc and lost all my money.so i suggest you to never invest such ponzi schemes and stay away from all cloud mining Ponzi schems.

[zikabra]

would you recommend a cloud mining company?

No.
Mostly they are ponzi scams.
Legit ones won't bring you much profit so it is not recommended to join any.
Better start trading or buy mining equipment.

[katinko]

No one will recommend cloud mining site tonyou mate based on most experienced people here they know how that ponzi method works that is why much better to follow in their advise and find other way or method to earn here in crypto world.

[SamsungBitcoin]

No one will recommend cloud mining site tonyou mate based on most experienced people here they know how that ponzi method works that is why much better to follow in their advise and find other way or method to earn here in crypto world.

Correct, i have many experienced which i invest in multiple cloud mining sites but in the long run they will only scammed my investment that all i know i can make good income in that method. That is why i recommend to all newbie is avoid cloud mining and focus on trading or in other method like participating is signature campaign, investing in ico which is very in demand method right now.

[richardsNY]

There are many people got scammed with the cloud mining. Do not consider that even few in your list also a legit information.

Regardless of how many people have got scammed throughout the years, the cloud mining market is more booming than ever before with all the blind noobs investing their hard earned money in there. It all comes down to how much marketing is happening for these services on social media and YouTube. It's mind boggling how people can share their results with others, where they act like they are making profits and all that. For people being in this community for a few years it's pretty obvious to see the difference between noobs showing things, and paid shills showing off their "earnings". People will never learn.

[Tyrantt]

Right now, no. Maybe if there are some cloud mining companies that offer mining services but some other coins, with lower diff. Mining bitcoin with cloud mining services is long gone.

[shield132]

would you recommend a cloud mining company?

The word cloud mining is mostly like the word SCAM, because every thread that are made in this forum that are related with cloud mining are they all says that it's all a scam and no one can recommend which is the reliable and profitable one. So how can i recommend you a reliable one if no one here can trust it.

There are legit ones too and they were always. I don't mean genesis. Just look hashing24 for example, they have contract with Bitfury and I think it means something. Forget that, imagine viabtc - they proved that they are very good. And now finally hashnest - you can buy/sell hashrate anytime + bitmain owns them, selling hashrate immediately is great option for protecting yourself.

[greeklogos]

I have heard positive thoughts about cloud mining only from those who already in this kind of business. Normally, those people can't say different, cause of their target is to attract as much people in that to raise their own profit.

[MCVXYZ]

In this situation You need to choose carefully trusted cloud mining companies,there are a lot Fraud companies,Despite the fact there are also honest companies(1%(I agree with what Shield132 wrote...)) but income will not be as big as you want,Because you must pay for this service.But if you are ready for reinvests and know all of this risks It will not be bad.So you need to read more about cloud mining companies history and you will choose it yourself.
Just like any other type of investment, it is necessary to evaluate the situation well.

[potpockets]

It's not just worth investing in cloud mining. And loss of time and high risk.

[coolcoinz]

I have heard positive thoughts about cloud mining only from those who already in this kind of business. Normally, those people can't say different, cause of their target is to attract as much people in that to raise their own profit.

In fact you can only hear positive things from people who are in the business for a very short time like new eager investors or are somehow associated with the business either by getting referrals for them or advertising them, or sometimes even being the real employees sent out to spread the word. Most people, including those who invested some money will not have much good to say about cloud mining.

[lucianus_luciferus]

i have invested in hashflare and it works just as advertised
if it turns out to be a scam at some point in the future i will let you know

[btcmegastar]

I don't think that cloud mining is a really good idea, to be honest. But you can try hashflare, for example.

Exactly, you are right because most of the cloud mining website are scam because they will give some % on the investment and it will not be in our control. I hope better to invest in any other form which is in our control.

[ss890]

I had a 2 year contract on genesis mining but will reach my payment threshold only after 950 days. So I won't be able to withdraw anything if I'm not willing to deposit more.

Did you try contacting support to see if they will send your balance? What coin were you mining?

I don't think that support team can do anything in that because he is abiding to the terms and conditions of the coin in long terms. They are not going to give him back his balance because that is not written in terms. If he need to withdraw then he will need to wait until 950 days. But I'm sure that before that he reaches the contract end and then the by rules his account will be deactivated. Thats called as perfect Ponzi schemes and we can't do anything about it.

Support will suggest him to increase his contracts terms but for that he will need to pay more and again wait for those funds to get the ROI limits which will Gaian never come. Dude that is how cloud mining works, spamming.

[plenumetnormous]

No, it's not a good investment option, I have seen many people complaining about investments they have made in cloud mining companies and I was taught not to nvest on it. Cloud minings give only hopes for investors and after some months you reach to the conclusion you won't have a lifetime income and that you should have been profitable by holding Bitcoins instead of investing in cloud mining.