Cloud mining

[AvianLord6495]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

[blockman]

Sadly, most of the cloud mining websites today are likely scams. That's why if you ever to invest into them, expect that it's not going to be good on your end.

Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

Like the gig economy, you can look for clients and have them worked by someone else which is called outsourcing. Yeah, that's working smartly.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

There's no other way than these; trading, staking, and real mining through GPU and ASIC.

[uneng]

Cloud mining has been always a waste of time and money. If you setup a large number of smartphones to mine on those apps you are probably going to lose money due to expensive electricity and devices' detrition, when compared to the income paid by the apps. Paid online traffic is another thing you should be careful. I'm sure ads won't pay fake traffic. They want organic traffic, and once you are caught cheating payment is going to be denied and your account is going to blocked. You can create crypto content, that is legit, but you also need legit audience to your website.

[AmoreJaz]

Cloud mining has been always a waste of time and money. If you setup a large number of smartphones to mine on those apps you are probably going to lose money due to expensive electricity and devices' detrition, when compared to the income paid by the apps. Paid online traffic is another thing you should be careful. I'm sure ads won't pay fake traffic. They want organic traffic, and once you are caught cheating payment is going to be denied and your account is going to blocked. You can create crypto content, that is legit, but you also need legit audience to your website.

i hope the OP is reading the posts here. because for me, don't invest on these cloud mining sites. instead of gaining, you will lose money on this type of investment. the target amount of the OP is also big, don't know if he can ever achieve such amount. also, don't be tempted by the offer of the site, like high ROI at a short period of time, more then likely, you will end up rekt by this site. there's no easy money on this market.

[Silberman]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

You are very late to the party, for many years the members of this forum have known that cloud mining is just a Ponzi scheme and nothing more, in the best case scenario you could find a company which actually has mining equipment and you buy some hash power out of them, but when we add all the costs it is almost impossible you make any money, in the worst case scenario, which is also the most common, nothing like that exist and whatever money you believe you are earning comes from the next people that decided to invest in the scam, however as it has been demonstrated over and over again this is not a stable model and eventually collapses.

[Fatunad]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

Cloudmining is mostly a scam, lots are scam sites but there are still legit ones.
https://www.softwaretestinghelp.com/bitcoin-cloud-mining-sites/

Genesis mining
Hashnest

These are the two are long time running.I dont know and i havent checked out on how long would
be the ROI.It would be better to buy those funds into bitcoin and simply hold off for long term.

[rozak]

unfortunately, you will not benefit from what you plan. cloud mining will take all the money you have deposited to the site. instead of marketing a pretty high return, but that you'll never get.
It would be better for you to put the money you have into the casino and play with your luck than for you to deposit it into cloud mining. or maybe you prefer staking on the exchange, although that is also quite risky.

[uneng]

Cloud mining has been always a waste of time and money. If you setup a large number of smartphones to mine on those apps you are probably going to lose money due to expensive electricity and devices' detrition, when compared to the income paid by the apps. Paid online traffic is another thing you should be careful. I'm sure ads won't pay fake traffic. They want organic traffic, and once you are caught cheating payment is going to be denied and your account is going to blocked. You can create crypto content, that is legit, but you also need legit audience to your website.

i hope the OP is reading the posts here. because for me, don't invest on these cloud mining sites. instead of gaining, you will lose money on this type of investment. the target amount of the OP is also big, don't know if he can ever achieve such amount. also, don't be tempted by the offer of the site, like high ROI at a short period of time, more then likely, you will end up rekt by this site. there's no easy money on this market.

Yes, years ago fake cloud mining sites were very popular and offered high interest rates. They were in fact ponzi schemes. The greediest ones used to last few days or weeks, the humblest ones used to last a month or few months, depending the rates proposed by the scammers. The systems were elaborated and showed real time results, that is, the coins being hypothetically mined directly to your balance every second.

This concept incentivized and tempted many enthusiasts to invest and watch the coins coming in to their wallets.

Some people achieved ROI, but without any doubts, for most investors it was a complete loss.

[harizen]

I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible;

When I read this, it's not cloud mining as a concern but your mindset in getting quick profits.

For let's say there are legit cloud mining nowadays, I doubt you can achieve that target profits quickly.

Unfortunately, most cloud mining service is a crap today. And even if there are legit, as I said, what you are expecting is insane.

[Jating]

As others have said, cloud mining is dead, specially in this bear market, I don't think that you will make a profit and you don't want to fall for scam cloud mining as there have been a lot in recent years.

So the best thing to do is to stay away from cloud mining, it's no longer profitable as when in 2018.

Might be better for you to just invest your money on solid altcoins and then hold for the long term. At least the risk is that that huge as compare to looking for cloud mining as passive income, in my opinion.

[gunhell16]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

Cloud mining is not a good method nowadays to earn crypto or bitcoin. Maybe in 2016-2017, I can still say that somehow it is possible to earn cryptocurrency, but now it is not effective because it usually ends up being a scam dude.

Now, if you want to make money doing almost nothing but you will earn bitcoin, it is better to just buy your mining rigs as long as your electricity consumption is low in the area or country you are in because it is necessary that the mining rigs are in a cold place or else if it's hot it's sure that its electricity consumption is high.

Or if you don't have enough to buy mining, you can also trade every day and just check 3x a day, it depends on you what time you check to see if it's sold or when you buy crypto, that's the only way you see it.

[Crypt0Gore]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

Cloudmining is mostly a scam, lots are scam sites but there are still legit ones.
https://www.softwaretestinghelp.com/bitcoin-cloud-mining-sites/

Genesis mining
Hashnest

These are the two are long time running.I dont know and i havent checked out on how long would
be the ROI.It would be better to buy those funds into bitcoin and simply hold off for long term.

I am not sure of genesis mining is still running till date but I am sure hashnet still functions but cloud mining is not profitable for the companies themselves so they quit, that's what I heard.

Any new project or company promising returns are scammers, they have no equipment they using for crypto mining, they are simply running a Ponzi scheme.

[Strongkored]

I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible;

With a sizable amount of money that you want to get as quickly as possible, you also have to prepare big funds for initial capital too, but unfortunately in cloud mining you will only end up losing because all cloud mining is a scam, they don't run mining companies, they just run ponzi schemes like HYIPs, new members who register and deposit money will use the money to pay old members and so on and when no one is making deposits they will come out as a scam.
Don't waste your money, if you have capital it would be better to make your own mining setup if it doesn't go according to the target the equipment can be sold and you only experience a small loss.

[yazher]

The only legit cloud mining out there can only give you a small profit and it takes really long time to generate those unless you gonna pay a huge amount of money buying hashrates but this is risky because you never know if they gonna turn out to be scams in the future without getting back your capital. It's better to learn to trade than invest in this so-called passive income which has been red-tagged throughout the bitcoin years as scams and frauds.

[o48o]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

I haven't seen any cloud mining site that would be profitable or if it claims to be, it's always a scam. And i have looked.
And the reason for it is obvious:
If cloud mining would be profitable, they wouldn't sell that service but just keep the mining profits for themselves. Otherwise they would be making loss

Even every cloud mining icos that have been looking for investors to build server farms have been scams or failed, so that should tell you something.
Only way for you to get profits by minining is either renting your own mining rig or find something that's profitable to mine.

[zasad@]

Greetings! I'm on a quest to find some ethereum & bitcoin cash mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the crypto. I'm looking to setup as many as I can to get ideally $4,500 - $6000 in Crypto as quick as possible; then sell the crypto. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.

If not, could I in any way make this work with any other cryptocurrencies? Thanks!

Investing in cloud mining is very risky. It is less risky to invest in uniswap pools, for example, in a pool with pairs of stablecoins USDT, USDC, DAI.
But here you run the risk of scamming one of the stablecloins or hacking a smart contract. Profit up to 15% per annum.

[vv181]

I saw your thread on the Mining board, Cloud mining for bitcoin.

As how that thread goes, the answer is, it is very unlikely that you found such platforms to meet your goal. Cloud mining is generally shady, and expecting a fast profit makes your goal likely impossible. You can't mine on ETH since it has already been merged into PoS, and BCH has no future.

Bear in mind, the motive to earn quick cash is where many people fall down in this space, and what you are seeking is unreasonable since the current cryptocurrency mining profitability is in a low season.

[livingfree]

@OP, have you seen this news? HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

If you haven't, hashflare is a cloud mining that has been there for a long time. But they've just been arrested recently, the problem is despite that they've been operating for long and there has been call outs from the community that people shouldn't invest on them.

The authorities were quite late on arresting them.

[$crypto$]

How did I get stuck in cloud mining, basically I didn't know anything and just looked at the ROI that was given, while we didn't know the risk was big enough to lose everything, so it's better to stay away from cloud mining many people have warned here.

It would be better for you to put the money you have into the casino and play with your luck than for you to deposit it into cloud mining. or maybe you prefer staking on the exchange, although that is also quite risky.

That's not a good suggestion either if you enter the casino just looking for luck whereas how he doesn't want to lose his money, so it's better to trade or invest in bitcoin, it's quite safe than cloud mining.

[masulum]

@OP, have you seen this news? HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

Haha, I remember when I'm using their service and never find a way to makes a withdrawal since they are always change the minimum terms to request a withdrawal. Until i they are turn as a scam i never get my money  

@OP with your current money, you don't need to use cloud mining to get BTC, just trade it, with trading skill you can increase your BTC. if you don't have a skill to trade, just hold it and save your BTC to your own wallet (electrum or Bitcoin wallet). If you wants to buy an altcoin, and wants to increase your holding, try to find altcoin with staking feature. such as Cardano, Uniswap, Pancakeswap. But same as using cloud mining, if you wants higher rewards, you need to invest more.always DYOR and DWYOR before you make a decision.