Bitcoin Mining Sites

[emmdii00]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

[odolvlobo]

I assume you are talking about "cloud" mining, which is where you pay a site to mine for you. Most of these are outright scams. The rest are not likely to make a profit.

Your best and most profitable option is to simply buy the bitcoins instead of investing in cloud mining.

[FinneysTrueVision]

I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.

[pilosopotasyo]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

You are years to late it's not profitable to do mining now and if you go for cloud mining, there's no guaranty that you will make much here, in fact, cloud mining is perceived to be a Ponzi scheme, it's much better to grab opportunity at this point of time by buying Bitcoin

[demenBTC]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

Bitcoin mining is legal if there is official legality, many illegal mining sites and endless scams, you must be careful when choosing a mining site.
I suggest that you better use your funds in bitcoin investment in exchange that will be more profitable

[pooya87]

I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.

if some company could afford the equipment, electricity  and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...

[Bitcoindigger02]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

1. Calculating hash value is a special way. It consumes too much energy and is too difficult to use ordinary computer.

2. Bitcoin has no super-node, can not get more tasks queuing, and has limited ability to grab resources.

3. Miner's function has reached the apex of utilization rate, and cloud computing is meaningless.

4. Bitcoin algorithm is so special that the processing speed of ordinary algorithm is obviously insufficient.

To sum up, Bit Miner is not suitable for cloud to publish tasks and work.

[RapTarX]

Here is a bitcoin mining site. Go check it out http://www.freebiebitcoin.com

You have joined the forum right now and shared a mining site. I highly doubt you are the owner of this site as well as your site is probably a scam site.

I recommend OP to follow what odolvlobo said. Directly purchase bitcoin and that will be a better idea. I can assure you more than 99% of these mining sites are scam.

[imstillthebest]

I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.

yeah genesis mining is one of the few legit cloud mining sites out there  . anyways  , good for you because you are lucky enough to win a free contract from them   .  your also right   , even if the said site is legit  it is still hard to make roi due to the current market conditions and also to the increase mining difficulty as well  .

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

You are years to late it's not profitable to do mining now and if you go for cloud mining, there's no guaranty that you will make much here, in fact, cloud mining is perceived to be a Ponzi scheme, it's much better to grab opportunity at this point of time by buying Bitcoin

better late than never and besides not all cloud mining sites are scams   .  cloud mining sites can be a good way to earn passive income aside from crypto investment and crypto trading .

[FinneysTrueVision]

I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.

if some company could afford the equipment, electricity  and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...

You're not guaranteed to make a profit with cryptocurrency mining. That's why they sell contracts. They take all the profits upfront and customers take the risks of financial loss associated with mining.

[ChrisPop]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

Mining is unprofitable at the moment unless you want to keep your mined bitcoins for really long term. Also most of the cloud mining companies are scams and will probably run of with your funds. If you want to learn about mining you should get a rig for yourself and document how it does work. Still you won't make any profits if you don't have a low-cost/free electricity plan, but it would be great for learning purposes.

[talkbitcoin]

I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.

if some company could afford the equipment, electricity  and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...

You're not guaranteed to make a profit with cryptocurrency mining. That's why they sell contracts. They take all the profits upfront and customers take the risks of financial loss associated with mining.

there are risks involved with mining but the profit is not that unlikely. in fact profitability of mining bitcoin is one thing that you can always be sure about. for example right now price is very stable and miners are gaining a solid stable revenue from their computing power.

[aioc]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

I got scammed from cloud mining site before, if you are asking for a cloud mining site, don't invest your hard earned on cloud mining it's not worth it, people have proven that this is just a Ponzi scheme and they don't have actual  mining rigs             

[boyptc]

I'm assuming that you are describing and found a cloud mining, as said it's unlikely you'll make much with them and you are likely to fall to a scam one so stay way from them.

You can mine if you have a real hardware miner (Avalon, Antminers). But being a small miner, competition is tough since the difficulty keeps on increasing, you have no match for big mining companies.

[YuginKadoya]

It is good to be true that there are sites like this that you can mine for bitcoin But as much as I know there is no good thing about this because as most people commented here are all negative with cloud mining because most sites like this are all fraudulent I ones knew Aurora mining where on its first run you are using it is a good source of small amount of bitcoin back then we can surely withdraw from it and think of it as legit back then, Then on some point after they introduce the investment system that if you provided an amount on your Aurora account your hash rates will increase, But after a few months we can not find the site aurora mining anymore and with the investment we provided, So be careful on cloud mining just to be safe.

[jo-lightyear]

Without mentioning any names, I'm currently signed up with 2 "cloud" mining sites with minor investments of about 10$ each.  I've managed to make back about half my investment (if you want to call it that) after about a week.  These sites have since been flagged as scams and I think the only reason I may be seeing a return is due to the size of the contributions I've made.  I'd be scared to invest more than that.

[mostcrack]

I've joined a number of mines, and from what I've experienced, most mining sites are just scam. there are also some who actually pay, but only last a few days, after which it becomes a scam.

[BrewMaster]

Without mentioning any names, I'm currently signed up with 2 "cloud" mining sites with minor investments of about 10$ each.  I've managed to make back about half my investment (if you want to call it that) after about a week.  These sites have since been flagged as scams and I think the only reason I may be seeing a return is due to the size of the contributions I've made.  I'd be scared to invest more than that.

that is actually how they get you! first they show all signs of return and show a lot of good numbers to lull you into giving them your money and then they slowly turn the faucet off and after a while you realize you are losing money.
a couple of years ago they were even "giving away hashrate"! i even earned about 0.03BTC by claiming these free ones without investment before they realized they shouldn't let people withdraw without investing

[SiDtHeBeSt]

The mining you taking about provided by some websites are I guess cloud mining and personally I don't prefer cloud mining. I also have friends who mine bitcoin and other cryptocurrenies and according to them it is not worth it,they prefer traditional mining ways with their setup.

[seoincorporation]

I just want to get feedbacks, there lots of sites offering bitcoin mining , is it legit? Do we really and from this , and can we withdraw it? Coz i wanna try but want to ask those who joined already there so i'll get some ideas about it. Thanks.

Cloud mining isn't good business at all and that's because the mining difficulty grows fast, so if you get X number of hash power the income will decrease while the difficulty goes up, at the end could be hard to recover the main investment.