Cloud Mining Platform Name? - Money back on your investment

[sinori]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

[1714984925]

1714984925

[1714984925]

1714984925

[1714984925]

1714984925

[Flexibit]

I tried hashnest.com (owned and operated by bitmain) in the past where you have the option to buy low amount of hashing power like 1gh/s and the option to redeem an asic hardware if you have enough hash power on your account which is equal the mining power of the rig they are currently offering. Not sure if this is what you are talking about but this is the only site that enters my mind

[cissrawk]

I don't know about 100% initial investment, but if i remember correctly,  eobot will give you some equipment if you have enough hashrate and you can exchange it to some mining equipment.

[buwaytress]

I don't know about 100% initial investment, but if i remember correctly,  eobot will give you some equipment if you have enough hashrate and you can exchange it to some mining equipment.

Yeah I think they still offer this, but order reservations are limited and appear not to have been expanded in a long time. They also made an announcement end of last year that hinted at them moving out of China, no update on that since, so I wouldn't count on them to redeem any equipment for now. Their pool still seems active and can't see complaints, though they've never really offered the same kind of contracts the big players do.

Quick check on their rates show a break even after 22 months right now, my guess is that these more realistic rates aren't attracting a lot of actual buyers!

OP, just buy your crypto now and sit on it. 2018 lows so you really are in a bargain market.

[magneto]

No idea which one exactly it is, could be Eobot, could be hashnest, or could be any other random scam that pops up all the time in the world of cloud mining.

The truth is that most of the cloud mining sites out there are extremely shady, and usually, they will not have any sort of viable long term profits to be made. The fact that they offer you your money back after your contract is up, either means that you're going to overpay for your contract (since you get to keep the principle), or more likely, they are running some sort of con, whether ponzi, or just a scam.

But even the ones that are legit aren't going to make you any money. You'd be lucky to break even based on experience.

[shield132]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

If I remember correctly, hashocean had that option, they were giving you back used GPU. But hashocean wasn't real cloud mining, they scammed a lot of people, they had great strategy to keep alive for a long time and profit a lot.
Don't be lazy, buy equpment and mine yourself, it's not that hard + there are a lot of tutorials for that.

[AngelSky]

Cloud mining really shit form of making your hard earned money in the shityard mate. When invest on the cloud mining company you can see the review site confirm they are no scams you can try there but still it is based upon your own risk.
As I see the review about cloud mining site I used to get the ponzi scheme as the answer mate. I really ignore every cloud mining investment and then go towards it.

[Oceat]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

Cloud mining today is isn't profitable enough since difficulty level is always rising upon mining every coins. And most of the cloud mining services today are offering something good in return but they were just going to ask you to pay for them and then locked your account, in short they will just scam you. I suggest if you want a good investments, why not choose to invest on different altcoins and Bitcoin.

[leowonderful]

The only such cloudmining sites where you has the opportunity to receive a working machine after the miners became unprofitable to host were Hashnest and Eobot AFAIK. Hashnest does deliver on their promise of giving you a machine if you had enough hash during their redemption period, but just like with Eobot, they charged high shipping fees to discourage people from getting miners from 'em, and some of the miners they delivered were in pretty poor condition (especially the S5s, as the casing on the miners weren't as robust as on the S3s). The redemption period on the S7s is about to happen or something of the sort; you can find more details about it on the official Hashnest thread

Hashnest's backed by Bitmain and is less likely to be an outright scam than other sites like Eobot, but that's no guarantee that it's impossible to lose your investment on Hashnest. I wouldn't consider cloudmining a safe investment at all, but rather something along the lines of gambling.

[richardsNY]

Don't be lazy, buy equpment and mine yourself, it's not that hard + there are a lot of tutorials for that.

Even that won't necessarily have to yield anything. I still think that people should ignore mining completely, especially so with how the difficulty keeps increasing. You have to keep buying hardware in order to keep generating the same returns, otherwise your equipment will only mine dust. Investments directly in crypto have always shown better returns, and that by orders of magnitude. Mining is a battle against the unfavorable variables that you can't win with just one initial investment. It requires continuous investments and for what? 10 months later you are still trying to earn back your initial investment, while coin prices have already more than doubled in value....

[posi]

Cloud mining really shit form of making your hard earned money in the shityard mate. When invest on the cloud mining company you can see the review site confirm they are no scams you can try there but still it is based upon your own risk.
As I see the review about cloud mining site I used to get the ponzi scheme as the answer mate. I really ignore every cloud mining investment and then go towards it.

I really agree to what you said cause most cloud mining site are scamming site and it hard to find genuine one. OP, the best option you have now is to follow the advice giving to you by Buwaytress cause the market is facing some dip in price.

[Lanatsa]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

If I remember correctly, hashocean had that option, they were giving you back used GPU. But hashocean wasn't real cloud mining, they scammed a lot of people, they had great strategy to keep alive for a long time and profit a lot.
Don't be lazy, buy equpment and mine yourself, it's not that hard + there are a lot of tutorials for that.

I had remembered that disastrous thing happened wayback before on hashocean where lots of people being blinded on those days where cloudmining are still popular when it comes to passive investment where you can earn without the hassle on having a physical miner on your own which it is really been offered that you would really be having a gpu or you can anytime pull out it if youd like but in the end they do scam out thousands of investors. This is why i dont trust up even on the cloud mining as of todays operating.

[Patatas]

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Times have changed,update your dictionaries to find and replace the word 'Cloud-Mining' to 'Shit-Tier-Ponzi Schemes'. Should you successfully do that, you'll get an idea how to proceed because there is no such thing as '100%' return on the investments.

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

Even if the weren't a scam back in the day, they might be now. I wouldn't advice you to get back on the same track again.

[timerland]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

Firstly, I wouldn't recommend getting back into cloud mining. Especially considering that hashflare has recently announced that basically all of its contracts will no longer be producing profits due to the difficulty of BTC rising, as well as the tanking prices. If you want to invest in bitcoin, then simply do that. Buy and hold. Cloud mining relies a lot on bitcoin prices going up to turn a profit anyways.

The service that you may be referring to could be Eobot.

All of these services are either shady or not going to turn a profit for you at all. Those who guarantee 100% of your investment back(which I haven't heard of any, actually. Even Eobot I believe gives you the mining equipment, not your investment principal) should be regarded as a ponzi straightaway.

[venky15921]

I actually don't know which company you are referring to but nowadays there are many sites which are scam and have better offer than this and i would also warn you that think a hundred times before you invest in cloudmining because i invested some money 2 years ago in hashflare but i got back only 46% of it .

[Fatunad]

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Times have changed,update your dictionaries to find and replace the word 'Cloud-Mining' to 'Shit-Tier-Ponzi Schemes'. Should you successfully do that, you'll get an idea how to proceed because there is no such thing as '100%' return on the investments.

100% with cloudmining would really be a struggle and reaching out to break even seems very impossible to reach out now because of the mining difficulty and with just basing with those numbers you can able to find out to yourself that it isnt really worth to invest and having a simple calculation would already give you the idea if you would gain profits or not but sadly most people do miss out this one and still believe on profitability which is just possible into those earlier years but now its a different story.

[rugrats]

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Times have changed,update your dictionaries to find and replace the word 'Cloud-Mining' to 'Shit-Tier-Ponzi Schemes'. Should you successfully do that, you'll get an idea how to proceed because there is no such thing as '100%' return on the investments.

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

Even if the weren't a scam back in the day, they might be now. I wouldn't advice you to get back on the same track again.

True that. Time changes things and things progress. Even if you back then felt it was a good company you need to have a skeptical approach as like previously mentioned there is not such thing with 100% return or how else would they make $$$ of you?

[Mister1k]

I actually don't know which company you are referring to but nowadays there are many sites which are scam and have better offer than this and i would also warn you that think a hundred times before you invest in cloudmining because i invested some money 2 years ago in hashflare but i got back only 46% of it .

If you do it on the referral bonus also you are not showing others to go with the right way mate. If you really looking for the good mining project then that is not a cloud mining even the good cloud mining site by the name also will not work well bro.
I am mining the ethereum, zec and monero for 1 year of time I guess. I am really going good since the marketplace condition is so cheap now bro.

[Lazada]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

If you choose to invest in cloud mining then you have put yourself in a ruin. For me cloud mining is not right because it will only make us lose. Believe that cloud mining is a waste of time. There are many people who experience bad things when they invest in CLoud mining. So choose your future and do not let your risk your future because you choose cloud mining. It is a bad pill and only a fool will take it!

[moeth]

Hello,

I am trying to get back into cloud mining again.  I remember a few years back I heard about a cloud mining company that gave your hashrate, and then after the mining contract is up, they get 100% back of their initial investment?  It was either that or the after the end of the mining contract you get to keep the equipment or something?

Do any of you guys know what cloud mining company I'm referring to?  Was this some sort of scam?

If you choose to invest in cloud mining then you have put yourself in a ruin. For me cloud mining is not right because it will only make us lose. Believe that cloud mining is a waste of time. There are many people who experience bad things when they invest in CLoud mining. So choose your future and do not let your risk your future because you choose cloud mining. It is a bad pill and only a fool will take it!

I agree that cloud mining is a very insecure form of investment. When you invest money in a mining company, then you can get a return after 1-2 years? This is no different from those of Internet investment dividends. It is an investment with no guarantee. You can't even get back your coins.