Is cloud mining a reality or a scam?

[I4BTC]

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Thanks.

[Z-tight]

I don't know anything about that website you have shared, neither do i intend to waste my time to check it out.

However, i think it is important you understand that almost all cloud mining offers is a scam and if you get into it, you are surely going to lose your money. The scammers often promise you guaranteed returns, plus they claim that they are anonymous, etc. There are other red flags to look out for, but just to be safe, forget about cloud mining.

[Rikafip]

Is hashpower.braiins.com working properly?

Probably not, as I haven't heard about a single legit cloud mining company yet.

Can you recommend other legitimate cloud mining providers?

Even if there are legit ones (which I doubt), why even wasting your time and money on them when you can just buying bitcoin directly?

[robelneo]

Can you recommend other legitimate cloud mining providers?

If this question were asked 8 years ago, I had a lot of legit cloud mining providers to recommend, but the landscape has changed drastically; it's not sustainable to run a legit cloud mining operation, so scammers have taken over this industry.
It's cheap to buy a cloud mining script, and some of these scam cloud mining operations do not show their machines or equipment because there's nothing to show; they manipulate profits and withdrawals.

These cloud mining platforms operate as a new form of Ponzi Scheme; they offer only promises, and they will take the platform down when no more money comes in.

[BlackBoss_]

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Cloud mining is scam, there is no legitimate cloud mining providers as far as I know. Cloud mining uses Ponzi, MLM scam methods.
If you want to find one or some, perhaps you will take risk and fall to scam cloud mining.
Cloudmining 101 (ponzi risk assessment).
MLM – a dangerous marketing strategy.

[MarryWithBTC]

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Thanks.

I checked them out, they do not actually claim that they are cloud mining providers, rather they are listed as a hashrate marketplace where you buy mining power for use in the supported pools or for solo mining.

Besides, it is still listed as beta. Inquire if you can be rewarded as early testers without committing money.

Can you recommend other legitimate cloud mining providers?

Read what people said above about cloud mining.

If I may ask, are you so passionate about cloud mining or you are looking to make some profits. If the later is the case, you can follow Rikafip advice.

[BitMaxz]

I don't know anything about that website you have shared, neither do i intend to waste my time to check it out.

However, i think it is important you understand that almost all cloud mining offers is a scam and if you get into it, you are surely going to lose your money. The scammers often promise you guaranteed returns, plus they claim that they are anonymous, etc. There are other red flags to look out for, but just to be safe, forget about cloud mining.

The domain  itself is well-known that site offers Braiins OS for ASIC units the only problem is never heard that they have this sub domains.

By checking the site, it looks like renting a hash rate, but why did it say, "Try your luck"? It's weird; it looks like you are going to rent but the profitability depends on if you are lucky to hit and mine a block. Or maybe it offers solo mining, and if you're lucky, you could earn the whole block reward.
I check the minimum; it looks like around 0.5 BTC, something that is too expensive.

Take note Braiins.com usually in a Bitcoin mining section. If any of you have doubts, check the mining section.

[suzanne5223]

Can you recommend other legitimate cloud mining providers?

Even if there are legit ones (which I doubt), why even wasting your time and money on them when you can just buying bitcoin directly?

Those that claimed to be legit primarily adopted illicit strategic investment, which was purposely created to trap investors on their platform with unreasonable investment returns.
It's better to buy Bitcoin during this correction market for peace of mind and hold for at least 4 years rather than going for shady Cloud mining platforms.

[I4BTC]

Hello, and thank you to everyone who replied.
Yes, I meant renting hashrate; perhaps I was mistaken to call it "cloud mining."

However, if—as claimed by the site I linked—block 938092 was indeed mined via this site's solo mining service, then it might actually work! Or is it just a promotional stunt?
Is there any way to verify this for sure?
Thanks. 🌹

[Stalker22]

Is there any way to verify this for sure?

I dont think there is a way to verify it for sure, but solo miners do hit blocks once in a while.

Its just like the lottery.  Millions buy tickets daily, and a tiny handful get lucky.  Knowing those terrible odds, would you actually tell someone to play?

[BABY SHOES]

Hello, and thank you to everyone who replied.
Yes, I meant renting hashrate; perhaps I was mistaken to call it "cloud mining."

However, if—as claimed by the site I linked—block 938092 was indeed mined via this site's solo mining service, then it might actually work! Or is it just a promotional stunt?
Is there any way to verify this for sure?
Thanks. 🌹

Hashpower.braiins and Nicehash are almost similar to buying hashrate so you can become a solo miner, if you are lucky to find the right block you will get a big prize.

Some searches are done with what you mean.

Hashpower.braiins is a subdomain of Braiins, formerly Slush Pool.
Hashpower still has no reviews from other users as it is only a BETA version.
They only provide hashrate for BTC mining only.

[1] https://braiins.com/blog/buy-bitcoin-hashrate-introducing-braiins-hashpower
[2] https://braiins.com/blog/braiins-acquires-remaining-stake-in-braiins-pool-slush-focusing-on-satoshilabs

[uneng]

In 2015 and 2016 cloud mining websites were a common facade for scam schemes (ponzies). They claimed to have a crypto mining operation, but in fact, they were simply sharing the funds from new investors with the old ones, at same time investors kept bringing more people into the scheme expecting it was legit.

A website with this domain "Hashpower.braiins" is already suspicious enough, and doesn't inspire credibility. Moreover, model of the business is outdated and doesn't look profitable for real. Even if it was a legit mining operation, I don't think they would be able to guarantee profit to investors in a worthy way.

After all, the best alternative is still buying coins and keeping them in your wallet, instead of putting it into third party platforms which can vanish at anytime with your money.

[Aanuoluwatofunmi]

Can you recommend other legitimate cloud mining providers?.

Try and please save by avoiding any platform that offers cloud mining for you, it maybe that you are just wasting your time as many of them will only lead to scam after wasting your time without offering you any reward that is tangible for you to appreciate, there are other mining related to cryptocurrency like we have a bitcoin and this can be done with a conscious or deliberate act of mining using PoW I don't like the cloud mining you cannot trust the process.

[bhadz]

Can you recommend other legitimate cloud mining providers?

None. If there's a legitimate one, we would already been there but even so, they're always rented and to give you the reality of it. You're even bound to lose with renting hash power to these real mining companies. But that's for the legitimate ones and the rest, almost all of these cloud mining websites are going to scam your power so, it's better to buy bitcoin and have it held for a long time than to keep on trying looking for a cloud mining that will pay you at first but then scam you later.

[logfiles]

I would like you to completely forget about cloud mining and get a much better way of investing your money. All those claiming they provide cloud mining are either scammers or will lie to you and you will neevr get back what you invested in there.
If you must send money to the so-called cloud miners, then i suggest you just spend that money on anything else random or just donate it to charity.

[Synchronice]

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Thanks.

This question gets asked many times but I won't give you a direct answer, I'll only give you a question.

How can you start mining?
1. Buy a miner from a reputable company and a seller
2. Arrange shipping/import
3. Receive the product and inspect it
4. Find a place where you can host your miners
5. Install miners, give them access to the power
6. Create a crypto wallet where you'll receive mined coins and also choose a mining pool
7. Configure miners
8. Take care of their cooling
9. Start mining and monitor them
10. Maintain them

Now, after doing all of these, why would you offer someone to buy hashrate from you when you already did all the hard work that gives everyone a headache? There is only one answer. You'll only do this if cloud mining offers you more benefits that mining on your own, which means that cloud mining isn't designed for you, it's designed for the provider. So, long story short, forget cloud mining, if anything, it's only profitable for the owner of the mining machines, not for you.

[aioc]

Is hashpower.braiins.com working properly?

This platform domain may have been existing for many years, but that doesn't make it a legit cloud mining site. You have to dig deep; cloud mining platforms have a bad reputation for being a Ponzi Scheme, which is why it's not as popular anymore than 10 years ago

Can you recommend other legitimate cloud mining providers?

No one will do that, and I won't either, because there are hardly any legit cloud mining platforms, and we don't want to take the blame if you ever get scammed.