Cloud Mining services

[Achenar]

Hi, I'm using Europamine Cloud Mining, (www.europamine.com), but I would like to know if anyone knows other legiti mining to compare prices.
In the past I have used hashflare (prices too high) and Genesis mining (which however is soldout), but I don't know of any other reputable sites.
Thanks

[1715155107]

1715155107

[1715155107]

1715155107

[PrimeNumber7]

I would suggest anyone reading this thread to avoid cloud mining services. There is nothing to prevent any cloud mining provider from stop paying out mining revenues to its customers. There is nothing to prevent any cloud mining provider from reselling the physical miners outside of when they should. There is also no guarantee that any cloud mining provider actually has mining equipment, and is not a pyramid scheme.

[carlfebz2]

Hi, I'm using Europamine Cloud Mining, (www.europamine.com), but I would like to know if anyone knows other legiti mining to compare prices.
In the past I have used hashflare (prices too high) and Genesis mining (which however is soldout), but I don't know of any other reputable sites.
Thanks

Better to keep yourself away with these cloud mining piece of shit because they arent profitable as of these days even if it turns out that website you are talking on is a legit one and considering the difficulties

nowadays then i would say that even your entire contract duration would most likely be ending up with negative profits or even just break even with your investment.So it is really that worth? It shows an obvious answer.

Genesis and Hashflare are the only sites or companies whom i do consider to be legit when it comes to cloud mining since they've been operating for a long time already but when it comes to recommendation
then i wont really be suggesting out these things.

[logfiles]

I really wonder why people always try to complicate things by signing up and sending money to possible scams to make profits for them, yet there is a very easy way of making returns by just buying Bitcoin and keeping them safely in your personal wallet.

Thursday March 2020 - Bticoin price --> $6,700
Thursday March 2021 - Bticoin price --> $52,200

ROI - 779%

Tell me a cloud mining site that can make you such returns in one year,,, I will wait

[Achenar]

I'm using Europamine since 2018, when they started to sell hashpower, I don't think it's a scam because usually scam don't last 3 years.
Sunmining, Auroramine, Hashmonster and many others scammed in less than 2 months, Hashflare, Genesis, Europamine, Hashing24 are up, so not all services are scam.

Few week ago I've seen sha256.io, but the have price very very low and I think could be a scam.

If buying bitcoin costs me less than doing a mining contract, then I buy bitcoin, but if I have a mining contract that doubles my capital in a year, then I go mining.

I explain: if I invest $ 100 in a cloud mining service and the forecast is that after 12 months it has become $ 250 (like now on Europamine.com), I find it interesting.
If at the same time, investing $ 100 I buy 0.002 BTC but after a year, BTC has not increased by anything, I always remain with 0.002 BTC
I seek profit, sometimes cloud mining is better and sometimes it is better to buy BTC directly, it depends on the price of BTC and the cost of hashrate on cloud mining.

[mk4]

I'm using Europamine since 2018, when they started to sell hashpower, I don't think it's a scam because usually scam don't last 3 years.
Sunmining, Auroramine, Hashmonster and many others scammed in less than 2 months, Hashflare, Genesis, Europamine, Hashing24 are up, so not all services are scam.

Few week ago I've seen sha256.io, but the have price very very low and I think could be a scam.

If buying bitcoin costs me less than doing a mining contract, then I buy bitcoin, but if I have a mining contract that doubles my capital in a year, then I go mining.

I explain: if I invest $ 100 in a cloud mining service and the forecast is that after 12 months it has become $ 250 (like now on Europamine.com), I find it interesting.
If at the same time, investing $ 100 I buy 0.002 BTC but after a year, BTC has not increased by anything, I always remain with 0.002 BTC
I seek profit, sometimes cloud mining is better and sometimes it is better to buy BTC directly, it depends on the price of BTC and the cost of hashrate on cloud mining.

Cloud mining services are either:

1. A scam
2. Unprofitable and a total waste of money

Think about it: if you have the hardware to double your capital annually, why the heck would you rent it out to other people for cheap? Logically, you'd monetarily benefit far more if you'd instead just take advantage of that mining opportunity yourself.

If you want to mine bitcoin, go buy ASICs. There's simply no other way if you actually want to earn money.

P.S. Bernie Madoff's ponzi scheme lasted more than 5 years.

[FinneysTrueVision]

I hadn't heard of this company before but it seems like they've been around for a few years. It might not be a scam but it is probably better to invest in bitcoin directly because you don't have to wait a long period to be able to recover your investment.

There is not that many legitimate cloud mining providers out there and the reason for this is because there is really no demand due to the unprofitability.

[stompix]

I'm using Europamine since 2018, when they started to sell hashpower, I don't think it's a scam because usually scam don't last 3 years.

They do, when they don't get clients.

Europamine is selling 50th for 12 months at $ 2,099.00 with no maintenance fee.
50TH would get you $446 a month, why even bother selling?

Bitdeer is selling 50th for $1562.50 for 150 days (5 months) plus you pay electricity.
Viabtc has nearly the same price as Bitdeer, a bit higher if I'm looking at it right.

So, how can they afford to offer this?
Also, pretty weird that a mining operation shows zero details on its website about the actual mining process.
No pictures, no videos, no location, no numbers, nothing.

In a short time, EuropaMine began to grow Bitcoin, enabling them to activate hundreds ASICs for large-scale mining.

Seems like they took farming really seriously.

Verdict? Too much shilling from a guy just "interested" in other services like the one he is promoting.

[ethereumhunter]

If we talk about the past, many old cloud mining services succeed in scamming people and some of them are still legit until the end, but with the difficulty of bitcoin, they collapse or decide to end their business. You can name hashnest, hashflare, genesis mining, hash ocean, eobot. The biggest scam that I knew is from hash ocean which runs away their member's money. But many of them are really making a lot of money from that cloud mining service.

But today, I do not recommend you to use cloud mining services because that is too difficult to earn satoshi from that cloud mining. It is better to learn to trade and use that money to start trading. Cloud mining services will always tempt people with their nice promises to new people who do not know about crypto.

[logfiles]

I'm using Europamine since 2018, when they started to sell hashpower, I don't think it's a scam because usually scam don't last 3 years.
Sunmining, Auroramine, Hashmonster and many others scammed in less than 2 months, Hashflare, Genesis, Europamine, Hashing24 are up, so not all services are scam.

I have seen some MLMs and ponzi schemes operate for more than 3 years but still end up scamming people. So the age of the service is no exception

If buying bitcoin costs me less than doing a mining contract, then I buy bitcoin, but if I have a mining contract that doubles my capital in a year, then I go mining.

I explain: if I invest $ 100 in a cloud mining service and the forecast is that after 12 months it has become $ 250 (like now on Europamine.com), I find it interesting.
If at the same time, investing $ 100 I buy 0.002 BTC but after a year, BTC has not increased by anything, I always remain with 0.002 BTC
I seek profit, sometimes cloud mining is better and sometimes it is better to buy BTC directly, it depends on the price of BTC and the cost of hashrate on cloud mining.

Lol, it's just a forecast. You ain't even sure if you will multiply your 0.002 BTC x2 after the said period. They could give you less or even exit scam. Meanwhile, if I just bought my BTC, I am sure I have my BTC in my wallet which will appreciate in value with time.

0.002 BTC remains the same, but the fiat value is what we are looking at. You will need a lot more USD to buy 0.002 BTC today than u needed to buy it 12 months ago.

[robelneo]

Hi, I'm using Europamine Cloud Mining, (www.europamine.com), but I would like to know if anyone knows other legiti mining to compare prices.
In the past I have used hashflare (prices too high) and Genesis mining (which however is soldout), but I don't know of any other reputable sites.
Thanks

Why I'm thinking that OP is trying to feed us or promote this europamine.com when it's a fact that there is no such thing as a legit cloud mining site, he tries to convince us in a subtle way that there are still legit cloud mining sites, when all cloud mining sites are proven to be Ponzi Scheme.

Checked the site, traffic data not showing anything and it seems a new site and OP's task is to shill is.

[ultrloa]

Hi, I'm using Europamine Cloud Mining, (www.europamine.com), but I would like to know if anyone knows other legiti mining to compare prices.
In the past I have used hashflare (prices too high) and Genesis mining (which however is soldout), but I don't know of any other reputable sites.
Thanks

Why I'm thinking that OP is trying to feed us or promote this europamine.com when it's a fact that there is no such thing as a legit cloud mining site, he tries to convince us in a subtle way that there are still legit cloud mining sites, when all cloud mining sites are proven to be Ponzi Scheme.

Checked the site, traffic data not showing anything and it seems a new site and OP's task is to shill is.

Nothing new about shilling a project especially if the site mentioned is cloudmining site but this kind of markerting technique by them will not work here, scamming by using cloudmining is already rampant here before so for that situation many users already give up the thoughs of investing on cloudmining site since all of them are scam or unprofitable.