Cloud mining / contracts - share your experience

[cloudminingreviews]

Hello everyone, I'm new here and looking for people who have/had cloud mining contracts with various providers to share their experience on my new website Cloud Mining Reviews (link in profile). I hope together we can separate the scams from the legitimate services.

Thanks!

/J

[mike_980]

not sure how useful my input is to you but here you are anyway:

I am currently trying out the site cex.io which seems pretty good at first glance, much cheaper than buying physical hardware and you can of course re-invest your mined coins back into more GH/s. I only started with it last night with a small amount of bitcoin from my other pool and so far so good, I think i will invest a little more now everything seems to be as described.

I also sell mining contracts on ebay which is going quite well. I'm not one for ripping people off but people seem to buy my contracts for a couple of pounds for just a few hours on my 5GH/s rig. 90% of people who buy it are new to mining and just want to see how it works and the other 10% I think are people who havn't done the maths on whether my services will turn a profit or not but hey ho. I have noticed the price of competitor services on ebay drop like a stone recently though and as soon as someone is cheaper everyone goes to them instead so i am constantly checking the prices of others and lowering my own but still easily making more in contracts than I am from mining my own BTC.

Anyone wanting to get into mining I would say should buy a small amount of BTC and invest it in cloud mining and keep reinvesting the mined coins into more power, that way worst case scenario is you loose your initial investment if everything crashes which should be an affordable amount. Paying out for hardware like I did before doing any calculations which is unlikely to see a ROI anytime soon is for people like me who buy things on a whim

[Markov]

Been using cex and so far it is okay but not great. Been also using bit-mining and they are cheap but not sure they will last. I would recommend waiting on them for now.

[CryptoCrazy]

I've been using CloudHashing(.)com and have been very happy with their services.

[kostja]

CPU Cloud Mining.

Someone find that attractive.

[biggzi]

I have been speaking with http://www.groupbitcoin.com very friendly guys running that site.  Seem to be one of the up and coming cloud mining providers.

[cloudminingreviews]

I have compiled a large list on my site, cloudminingreviews . com  If you know any others let me know. I suspect there will be plenty more in coming months as the new hardware start to be delivered.

thanks for your input!

[U1TRA_L0RD]

I was on Bitmit.com(Shut Down) back in Oct. and bidded highest on a 7 ghs mining contract and the guy started mining supposedly after he contacted me, well you know he scammed me and I released escrow after he showed screenshots of the program mining, so when the month was up his account was getting negative feedback and I lost money.

[A1ty]

Bought 3.6GHS from CEX.IO, we'll see how it goes.

http://cex.io/informer/iancarroll/b18a9cc2cafafa7b9f13a7b992bc40cd/

[U1TRA_L0RD]

Bought 3.6GHS from CEX.IO, we'll see how it goes.

You cannot use images on these forums anymore.

[frankenmint]

I've usually promoted cex.io for a while since I saw their first ad here on bitcointalk.  I've made a nice amount of money from the afilliate program where I referred people to it this gave me free gigahash which translated into free bitcoin.  Sometimes it was a lot, like up to $30 dollars a day of free passive income.  I still get paid nicely from time to time because the price goes up and down.  I've lived off of a steady 13-40 GH freely since they switched over to the 3% GH structure instead of the single GH per account as they first had it.

I have rolled the die and thrown my own bitcoin in from time to time to own temporary GH to own.  Its nice to see the increased bitcoin come in from mining.  A few times i got in and out quick and made a few quick bitcent, other times I lost a few bitcent. 

I panicked and bought in at .0428 when I tried to buyin at .036 when it was at .0382 so yes I screwed up.  We'll see where things go  I have my sights pointed at selling out at .06 but I think thats too optimistic I might switch my postition back down to .049 then I'll cashout. 

[U1TRA_L0RD]

I've usually promoted cex.io for a while since I saw their first ad here on bitcointalk.  I've made a nice amount of money from the afilliate program where I referred people to it this gave me free gigahash which translated into free bitcoin.  Sometimes it was a lot, like up to $30 dollars a day of free passive income.  I still get paid nicely from time to time because the price goes up and down.  I've lived off of a steady 13-40 GH freely since they switched over to the 3% GH structure instead of the single GH per account as they first had it.

I have rolled the die and thrown my own bitcoin in from time to time to own temporary GH to own.  Its nice to see the increased bitcoin come in from mining.  A few times i got in and out quick and made a few quick bitcent, other times I lost a few bitcent. 

I panicked and bought in at .0428 when I tried to buyin at .036 when it was at .0382 so yes I screwed up.  We'll see where things go  I have my sights pointed at selling out at .06 but I think thats too optimistic I might switch my postition back down to .049 then I'll cashout. 

How do you do it to become an affilaite? Thanks!

[hilariousandco]

Bought 3.6GHS from CEX.IO, we'll see how it goes.

You cannot use images on these forums anymore.

Yes you can. They just get that if they're too big.

[A1ty]

I've usually promoted cex.io for a while since I saw their first ad here on bitcointalk.  I've made a nice amount of money from the afilliate program where I referred people to it this gave me free gigahash which translated into free bitcoin.  Sometimes it was a lot, like up to $30 dollars a day of free passive income.  I still get paid nicely from time to time because the price goes up and down.  I've lived off of a steady 13-40 GH freely since they switched over to the 3% GH structure instead of the single GH per account as they first had it.

I have rolled the die and thrown my own bitcoin in from time to time to own temporary GH to own.  Its nice to see the increased bitcoin come in from mining.  A few times i got in and out quick and made a few quick bitcent, other times I lost a few bitcent. 

I panicked and bought in at .0428 when I tried to buyin at .036 when it was at .0382 so yes I screwed up.  We'll see where things go  I have my sights pointed at selling out at .06 but I think thats too optimistic I might switch my postition back down to .049 then I'll cashout. 

How do you do it to become an affilaite? Thanks!

Sign up here (shameless ref link), then go to 'Referral Program' at the top.

[TheWoodser]

I also sell mining contracts on ebay which is going quite well. I'm not one for ripping people off but people seem to buy my contracts for a couple of pounds for just a few hours on my 5GH/s rig.

I too have thought about selling time on my ASIC's.  My concerns are that someone will buy a short term contract.  Then after you have mined for them for a week or two, they try to reverse the transaction and now they have stolen your electricity.  How do you prevent yourself from getting burned?

Woodser

[Cummins59]

Signed up for a 2 year 20 GH on CloudHashing.com. I have sent them over 100 emails trying to get my account going and they always have an excuse. I have now filed a report with the UK Internet Fraud Dept. From what I understand, they are getting a fuckton of scam complaints. My loss is your gain.....knowledge, don't get scammed by cloudhashing.com.

[U1TRA_L0RD]

I've usually promoted cex.io for a while since I saw their first ad here on bitcointalk.  I've made a nice amount of money from the afilliate program where I referred people to it this gave me free gigahash which translated into free bitcoin.  Sometimes it was a lot, like up to $30 dollars a day of free passive income.  I still get paid nicely from time to time because the price goes up and down.  I've lived off of a steady 13-40 GH freely since they switched over to the 3% GH structure instead of the single GH per account as they first had it.

I have rolled the die and thrown my own bitcoin in from time to time to own temporary GH to own.  Its nice to see the increased bitcoin come in from mining.  A few times i got in and out quick and made a few quick bitcent, other times I lost a few bitcent. 

I panicked and bought in at .0428 when I tried to buyin at .036 when it was at .0382 so yes I screwed up.  We'll see where things go  I have my sights pointed at selling out at .06 but I think thats too optimistic I might switch my postition back down to .049 then I'll cashout. 

How do you do it to become an affilaite? Thanks!

Sign up here (shameless ref link), then go to 'Referral Program' at the top.

Ok, Thanks, also, How much is it per referral and is it worth it?

[cloudminingreviews]

Added PBMining.com and Coinfirma.com to the list at http://www.cloudminingreviews.com

If you have any experience please share and rate. Both are VERY new services so lets not judge them too soon.

If I have missed any please let me know!

/J

[crazyivan]

I use Bitcoin trader, not only you can get a cloud mining contract from them, they also provide Bitcoin arbitrage services which have been quite profitable recently, about 1% per day ROI.
In case anyone is interested, take a look at these two links in my signature.

[Cryptonian]

I use pbmining.com have over 500ghs on them and the payouts have been every week on time.
At the moment ghs is 0.0078btc in there.
If anyone is interested I would be very happy if someone would use my referral link http://pbmining.com?ref=Cryptonian.

EDIT: Also I use the Cex.io having over 400ghs in there aswell.. the maintance fees are quite a lot though but atleast you can sell the ghs back if you feel like it.

Would put it in signature but for some reason it removes it..
I guess because I am new.