Need a trust Site Cloud Mining

[btcpepa04]

I want to start a cloud mining any cryptocurrency

[1715581423]

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[1715581423]

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[1715581423]

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[BitMaxz]

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Other sites are most likely scams and even they are trusted all sites that I mention above it is still risky to invest and rent some hash rate compared to buying your own miner.

[zanezane]

I want to start a cloud mining any cryptocurrency

I think I know some of these sites like genesis mining, hashflare and nicehash. Genesis mining offers mining contracts for various cryptocurrencies such as bitcoins, ethereum, litecoin , and more. You can choose between different mining plans with varying hash rates and durations.https://www.genesis-mining.com/

while Hashflare is another cloudmining platform also offers mining contracts for various cryptocurrencies including also bitcoin, ethereum and i think zcash is included. you can also purchase hashpower contracts for fixed duration and mine cryptocurrencies without having purchse and maintain their own mining hardware.https://hashflare.io/

lastly, Nicehash is a marketplace that connects buyers and sellers of hashing power. You can rent out their own mining hardware or purchase hashpower from other user to mine cryptocurrencies. Nicehash also supports a wide range of cryptocurrencies and algorithms, and you can choose between different mining contracts with varying hash rates and durations.https://www.nicehash.com/

Reminder from a friend that while these platforms are popular and reputable, cloud mining can be a risky venture and there is no guarantee of profits. ; )

[safar1980]

Nicehash will be difficult even for me to calculate the real profit from renting video cards or ASICs, but I think that it will be more profitable to buy cryptocurrency on the exchange for this price. Genesis-mining has not rented its ASICs for 3 years already.

[ImThour]

I don't ever recommend cloud mining and instead of that, just simply buy and hold BTC and I am sure that will be more profitable instead of worrying about hardware and electricity costs.
But still, if you are really into it, I would recommend Binance Cloud Mining service.

Official Website: https://pool.binance.com/en/cloud

I am sure they started providing this service in 2023, which wasn't available earlier. Binance being the biggest Crypto exchange should be the most trusted brand out there for any crypto related service be it mining or staking.

There are 2 plans available:

1. 90 Days duration starting from $5.94 / Static Revenue: 78.46%
2. 60 Days duration starting from $4.38 / Static Revenue: 16.00%

I am not sure what exactly they mean by static revenue as I see a huge difference in both of these plans and they both are sold out as of now. Maybe there is an option to get an email or alert if you are actually interested in these. I would still recommend you to buy and stake rather than minining on cloud. Good Luck!

[joniboini]

I am not sure what exactly they mean by static revenue as I see a huge difference in both of these plans and they both are sold out as of now.

It is just a prediction based on previous historical data if their claim is to be trusted[1]. Basically just a number for promotional material. Don't use them to predict your earnings. Not really surprising in my opinion. If they claim it is a guaranteed reward I'd be worried they're running a ponzi instead.

That being said, I'd advise OP to think twice before you use your coins and lock them on a third-party platform where you can't even see their daily operation. Who knows, maybe they are not mining and are using your funds to do insider trading or something similar. Even if they do mine, they'll always earn the bigger share while you risk a lot of your coins.

[1] https://www.binance.com/en/support/faq/how-to-use-binance-cloud-mining-45849cb6f3a84663b2ffbc5ca3dca716

[KiaKia]

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Other sites are most likely scams and even they are trusted all sites that I mention above it is still risky to invest and rent some hash rate compared to buying your own miner.

The bitter truth is Nicehash cloud mining is not profitable anymore, it was fairly good in 2018 but today it's not anymore, I still rent hash power today basically for newly released altcoins, not Bitcoin, I can see that the service is still running, I don't understand how they can manage to stay in cloud mining business, maybe Nicehash have a massive solar energy plantation who knows? Because the main reason why this is less profitable is the electricity bill to run the miners, unless the cloud mining is Ponzi like so many cloud mining companies in 2017/2018.

Some of them end up scamming people while some announced that they are ready to close down the business because it's not profitable anymore. If a company is running a cloud mining service today, it's either they are scammer who doesn't have any mining equipment or they have wind or solar energy with incredible lithium backup to run the whole setup.

Be careful, there is a 95% chance that every cloud mining is a scam, they never have any asic miners or any mining farm.

[dansus021]

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Other sites are most likely scams and even they are trusted all sites that I mention above it is still risky to invest and rent some hash rate compared to buying your own miner.

Did Binance offer cloud services ? I just hear it but nicehash and miningrigrental is legit and I have been using it couple of times.


and OP most of the cloud mining out there is scam believe me sometimes they make their website look tempting by offering free hash rate and discount but you can use your logic that the price of electricity is high If i have the company i would use money for marketing not offering Free hasharte for couple of weeks even a month.

so stay away from ponzi scheme that said they are cloud mining

[BitMaxz]

Did Binance offer cloud services ? I just hear it but nicehash and miningrigrental is legit and I have been using it couple of times.

They still do offer cloud mining if you have the Binance app you can find it under earn> pool> then cloud mining.

But I already tried to calculate it and it's unprofitable due to their Electricity cost. So it's not worth investing unless after 3 months we see the price of Bitcoin increase in value by more than 100%.

[logfiles]

I want to start a cloud mining any cryptocurrency

Buy Bitcoin or any other top marketcap coin with a promising future, send the coins to your Hardware wallet and wait

You will way more returns and sending money to this centralized platforms to "make" more money for you. it always ends badly. You are familiar with Ponzi schemes based on your trust ratings. I think you know what I am talking about.

[Weezenhofnar]

It's important to do thorough research and due diligence before investing in any cloud mining site to avoid scams and potential losses.

[BitDane]

Did Binance offer cloud services ? I just hear it but nicehash and miningrigrental is legit and I have been using it couple of times.

They still do offer cloud mining if you have the Binance app you can find it under earn> pool> then cloud mining.

But I already tried to calculate it and it's unprofitable due to their Electricity cost. So it's not worth investing unless after 3 months we see the price of Bitcoin increase in value by more than 100%.

I also look at the rate, the electricity cost kills the profit IMO.  So putting an investment on the Binance cloud mining pool is like a gamble hoping that the price of Bitcoin in the future would double or triple in order to take profit which I think it is better to just buy Bitcoin and wait for the price to surge.  At least in the case where we buy BTC directly, we hold the coins and do not rely on the third party for profit acquisition.

I want to start a cloud mining any cryptocurrency

Buy Bitcoin or any other top marketcap coin with a promising future, send the coins to your Hardware wallet and wait

You will way more returns and sending money to this centralized platforms to "make" more money for you. it always ends badly. You are familiar with Ponzi schemes based on your trust ratings. I think you know what I am talking about.

I second this advice.

[Ultegra134]

I don't understand the whole concept regarding cloud mining, it could be due to it being associated with many Ponzi schemes guaranteeing huge returns, thus, I may be a little biased on whether it's worth it or not. Mining in general has slowed down, in terms of profit, not sure what applies to cloud mining and its options, as it's generally frowned upon.

Binance recently launched a cloud mining service and looks quite decent, it doesn't guarantee you specific returns while it warns you about any potential threats, but provides you with an estimate of your profit. I'd try it with a small amount of money if I were you, use $100-$200 and see how it works out.

[dansus021]

Did Binance offer cloud services ? I just hear it but nicehash and miningrigrental is legit and I have been using it couple of times.

They still do offer cloud mining if you have the Binance app you can find it under earn> pool> then cloud mining.

But I already tried to calculate it and it's unprofitable due to their Electricity cost. So it's not worth investing unless after 3 months we see the price of Bitcoin increase in value by more than 100%.

I also look at the rate, the electricity cost kills the profit IMO.  So putting an investment on the Binance cloud mining pool is like a gamble hoping that the price of Bitcoin in the future would double or triple in order to take profit which I think it is better to just buy Bitcoin and wait for the price to surge.  At least in the case where we buy BTC directly, we hold the coins and do not rely on the third party for profit acquisition.

I just know after you guys tell me, and yes it actually profitable but razor thing margin and we need 3 month to get return of investment for now it is not worth it too, it is better to buy with DCA technique and maybe the return will more than this.

* Hashrate Fee 0.02 + Electricity Fee 0.0531 = 0.0731/USD/T/Day (the historical output 0.0776/USD/T/Day - Fee 0.0731/USD/T/Day = 0.0045/USD/T/Day

[tjtonmoy]

I want to start a cloud mining any cryptocurrency

Cloud mining is a scam. Never fall for that trap. I am not sure if the genuine one is good or not, but the availability is very slim. Because they can only provide a few. So in this competition, it is really hard to find one. Genuine ones are out of reach, and those which are available are possible scam.
Better to stay away from them as they will only harm your pocket and scam you. Just a suggestion. Do Your Own Research.

Also, don't deposit in any online mining services. If they have a tax and fee on the mining asset, only then choose it. Because if they can provide you free money making process, then they can take the fee from it and give you what they are willing to give you. They will never as you to deposit or anything. Be safe and stay away from scam like this. Invest your time in other things. You will earn more than these cloud mining.

[FUCKBSVFUCK]

There are a lot of people who don't know about this, but I'm sure you can
understand what you're trying to do. 
 
First of all, not a developer. 
 
Second, you need to be a developer. 
 
Third, you need to be a developer. 
 
And finally, you need to be a developer. 
 
In the end, you're going to be able to make money by mining.

[stompix]

I just know after you guys tell me, and yes it actually profitable but razor thing margin and we need 3 month to get return of investment for now it is not worth it too, it is better to buy with DCA technique and maybe the return will more than this.

* Hashrate Fee 0.02 + Electricity Fee 0.0531 = 0.0731/USD/T/Day (the historical output 0.0776/USD/T/Day - Fee 0.0731/USD/T/Day = 0.0045/USD/T/Day

I wonder where the 23% comes from



So right now it's 0.0777 in profit with 0.0200+0.0531, a bit better than yours but still, you get
0.0731 in expenses and 0.0777 in revenue, which is 0.0041 in profit, so a 5% margin, nowhere near a 23% stated there.
Taking into account the current mempool spam that drove the fees up and you get a 5% bonus from this which might not be there tomorrow the profit is paper thin, one tiny dif increase and you're losing coins.

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Bitdeer, which is actually the only one that has its own hashrate as it's run by Bitmain and it's not simply a reseller of rented hash rate from a pool.
Oh, and their price plan is better than Binance
Hashrate Fee: $0.0172/T/D vs $0.0200/T/D

[serveria.com]

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Other sites are most likely scams and even they are trusted all sites that I mention above it is still risky to invest and rent some hash rate compared to buying your own miner.

IMO all cloud mining sites are scam. Either you get scammed right away or the "legitimate and trusted" sites come up with their rules making it impossible to earn anything by mining with them. So, in any case only the person/company owning the physical miners gets the money and "cloud miners" get scammed. I'm sorry to disappoint you, but that's the sad truth.

[Aikidoka]

I only know 3 of them Binance, Nicehash, and miningrigrentals are currently trusted sites who offer renting hashrate/Cloud mining.

Other sites are most likely scams and even they are trusted all sites that I mention above it is still risky to invest and rent some hash rate compared to buying your own miner.

IMO all cloud mining sites are scam. Either you get scammed right away or the "legitimate and trusted" sites come up with their rules making it impossible to earn anything by mining with them. So, in any case only the person/company owning the physical miners gets the money and "cloud miners" get scammed. I'm sorry to disappoint you, but that's the sad truth.

That's correct, I tried a couple of cloud mining sites a few years ago, but all of them turned out to be scams within a few months. Since then, I have never invested even a single 1$ in any cloud mining site.

For instance, many members here might recall HashOcean, which was one of the famous cloud mining sites that paid in BTC. It was later revealed to be a Ponzi scheme and shut down in the summer of 2016, scamming almost 1 million members. I believe they ran away with over 10 million dollars' worth of Bitcoin by that time.

While a few cloud mining sites might be safe, I wouldn't expect to make significant profits from them, so I haven't even tried that no more and I'm not even thinking about it. 

[bettercrypto]

I don't ever recommend cloud mining and instead of that, just simply buy and hold BTC and I am sure that will be more profitable instead of worrying about hardware and electricity costs.
But still, if you are really into it, I would recommend Binance Cloud Mining service.

Official Website: https://pool.binance.com/en/cloud

I am sure they started providing this service in 2023, which wasn't available earlier. Binance being the biggest Crypto exchange should be the most trusted brand out there for any crypto related service be it mining or staking.

There are 2 plans available:

1. 90 Days duration starting from $5.94 / Static Revenue: 78.46%
2. 60 Days duration starting from $4.38 / Static Revenue: 16.00%

I am not sure what exactly they mean by static revenue as I see a huge difference in both of these plans and they both are sold out as of now. Maybe there is an option to get an email or alert if you are actually interested in these. I would still recommend you to buy and stake rather than minining on cloud. Good Luck!

This service is new to binance cloud mining and I haven't tried it yet. I just looked it up and this is my question that can be seen in the picture below.



      Will I pay here 65.79$? that's all and then just wait for the 180 days duration? Then the visible fee and electricity, I'm a bit confused if it will be deducted from the 65.79$ I paid? But the stakes are still better compared to this.