Advice for new users regarding CLOUD MINING

[DARKANGEL6415]

TO you and all on this forum happy holidays enjoy the time with family and friends. May the holidays bring everyone good stuff with good food and good drinks  posting this now as i know alot of people in areas where almost xmas 

Happy Christmas to you too, malaimult.

i only speak english and spanish so not sure what " malaimult " means. I tried to run it using google translate but got nothing can you please translate, if its something negative then dont bother to translate it please. Its xmas time and i am getting back with my wife for sure so i dont want no negative stuff.

What I'm saying is that I believe "malaimult" is an alt account of yours. The reason I believe that is because both of you have a peculiar way of quoting and replying as shown below:

Code:

[quote author=DARKANGEL6415 link=topic=739510.msg9928656#msg9928656 date=1419367161]
[quote author=Mabsark link=topic=739510.msg9927981#msg9927981 date=1419362265]
[quote author=DARKANGEL6415 link=topic=739510.msg9926164#msg9926164 date=1419350757]
TO you and all on this forum happy holidays enjoy the time with family and friends. May the holidays bring everyone good stuff with good food and good drinks  :) posting this now as i know alot of people in areas where almost xmas  ;)
[/quote]

Happy Christmas to you too, malaimult. 
[/quote]i only speak english and spanish so not sure what " malaimult " means. I tried to run it using google translate but got nothing can you please translate, if its something negative then dont bother to translate it please. Its xmas time and i am getting back with my wife for sure so i dont want no negative stuff. 
[/quote]

Code:

[quote author=malaimult link=topic=896846.msg9938553#msg9938553 date=1419467835]
[quote author=valvalis link=topic=896846.msg9937688#msg9937688 date=1419456040]
[quote author=Pierre11 link=topic=896846.msg9915159#msg9915159 date=1419258846]
They've said it will be released!

It was all a plot to get a bigger audience..
[/quote]

I dont know what really happened but, I think I'm agree with you.

http://www.bbc.com/news/technology-30599836 It says "Sony realese The Interview online" and also "only available in the US."
I don't know this is true or not because I'm not in US.
[/quote]It is not going to be free. It is going to be released in theaters (only ~300 screens) and via youtube, and google rental services. Viewers are going to have to pay ~$6 to rent the movies and ~$15 to buy it
[/quote]

Note the lack of white space between the comment being quoted and the reply. I've only ever seen that with those 2 accounts. Also, why do you still have that sig? The campaign ended.

LOL so pretty much you was trying to accuse me of being the same as another person. Bravo sir you have made a fool of me i have spent last 3 - 4 days asking people in forums and in private messages what " malaimult " ment. I was even getting mad google translate was not telling me anything. Anyways no i do not know that person but thank you for the goose chase, i have gone through. I am not sure if the funny way of posting things means the bad language writting but i am not ashamed i gladly admit english is not my 1st language. In any case happy new years 

[1714138278]

1714138278

[picolo]

I think i have seen it but in event i am wrong can you post link thanks 

I don't like to much this review but that's always different look on market:
https://bitcointalk.org/index.php?topic=878387

hey remove pbmining from your thread

They still pay and have plans for january. This is good example for newbies what can happen, so i think that should to stay just specification should be changed.

I think it is better to keep pbmining as an example, maybe with an added asterisk next to the name and an explanation at the bottom of the list.

[DARKANGEL6415]

I think i have seen it but in event i am wrong can you post link thanks 

I don't like to much this review but that's always different look on market:
https://bitcointalk.org/index.php?topic=878387

hey remove pbmining from your thread

They still pay and have plans for january. This is good example for newbies what can happen, so i think that should to stay just specification should be changed.

I think it is better to keep pbmining as an example, maybe with an added asterisk next to the name and an explanation at the bottom of the list.

i dont know about that i feel might create confussion with newbies like you said. They might think all is ok and go back to bad stuff even though it is going down

[picolo]

[quote author=DARKANGEL6415 link=topic=739510.msg9987795#msg9987795 date=1419977102

i dont know about that i feel might create confussion with newbies like you said. They might think all is ok and go back to bad stuff even though it is going down
[/quote]

If you add a clear red marking "BUST" it should work as a warning for potential cloud mining investors. It's a good thing to direct customers to companies that do business right.

[DARKANGEL6415]

[quote author=DARKANGEL6415 link=topic=739510.msg9987795#msg9987795 date=1419977102

i dont know about that i feel might create confussion with newbies like you said. They might think all is ok and go back to bad stuff even though it is going down

If you add a clear red marking "BUST" it should work as a warning for potential cloud mining investors. It's a good thing to direct customers to companies that do business right.
[/quote]ok i can agree with that but we all know there will always be someone to avoid the big red word bust and still proceed lol 

[DrG]

I'm just going to bump this up for now after seeing lots of newbies asking about cloud mining.  I'll come back and edit the OP after a review some of the scams that have progressed in the last year

Interestingly though, some sites are still alive and kicking.   Kudos to them for sticking it out when it would have been easy to take the money and run.

[DrG]

Coming up on the 3 year anniversary of this thread and seeing the blood red waterfalls today what better time for some cheerful news.

The good news is that Genesis and Nicehash are not scammers. Everybody knows those 2 sites. Pretty much everybody else has either fallen to the side or confirmed to be a scam or ponzi.

With no risk there is usually no reward. But the presence of risk does not necessitate reward - and many of those listed on the first post just ran away with peoples money.

Do your research before you buy/invest - and if you're not sure.... let others test the waters before you jump in.... well unless money comes easy to you (pssst, please feel free to tip me then for no reason  )

[DrG]

Just bumping this up because I see a lot of newbies talking about cloud mining to get around mining at a loss.

Cloud mining.... don't. Just don't.

[futureofeth]

Most of the Newbie user don't have much confidence and ready to learn about the cloud mining because they will bother about the earnings and this is a very good guide for them not to invest in cloud mining. It is a very risky one investing in cloud mining and many newbies lost their money after investing in cloud mining. so it is always good to stay in the cloud mining.

[olumyd]

The aftermath of Hashflare's exit is bound to send a negative vibe down the spine of pro-Cloud mining supporters. I don't think we should still give opportunities to ripoffs, scams, and HYIPs, all in the name of cloud mining.

[onebtcforlife]

The aftermath of Hashflare's exit is bound to send a negative vibe down the spine of pro-Cloud mining supporters. I don't think we should still give opportunities to ripoffs, scams, and HYIPs, all in the name of cloud mining.

It is always suggestible to the Newbie because most of the Newbie will always think to make money fastly but cloud mining is waste for investment. Already we have seen many scams from this cloud mining and they are not profitable at all. This thread is the best guide for the Newbie.

[DrG]

Looks like Hashflare gets thrown into the hot mess that is cloud mining. https://bitcointalk.org/index.php?topic=4461608.60

[Raja_MBZ]

DrG has definitely worked real hard in building up this thread and I must say that it's a must read for newbies if they're looking to invest in cloud mining contracts.

Please do keep updating this thread @DrG! This industry is still young, even though you've been around here for 7 years (so it might not look very young to you) but yes, it's still young. Newbies are still flowing into crypto everyday and they do require advises and tips like the ones provided in this thread by you.

BTW, I wish I had read this thread when I wasted off my tens of bitcoins blindly at CLDMine (which later proved to be nothing more than a ponzi) in 2015-16.

[jakezyrus]

My advice for new users that wants to start thier journey in cloud mining is to not start all . why i could say that ? Well simply because all cloud mining are type of pyramid sheme that will only end up on scam if they already reach thier targeted profit .

At first , you can always get paid by them but eventually you will notice that there are now issues regarding on their service and you will shock one day that their site is already shut down . 

So if you dont want this to happen , youd better follow my advice .

[DrG]

My advice for new users that wants to start thier journey in cloud mining is to not start all . why i could say that ? Well simply because all cloud mining are type of pyramid sheme that will only end up on scam if they already reach thier targeted profit .

At first , you can always get paid by them but eventually you will notice that there are now issues regarding on their service and you will shock one day that their site is already shut down . 

So if you dont want this to happen , youd better follow my advice .

You would be surprised at the number of cloud mining "companies" that never even paid out users. Often times it was just one guy who would make micropayments for a few days to all users with no actual mining equipment. These scammers would simply make up a name and a website with a payment address, make a signature campaign, have a bunch of new users spam the forum with the stupid signature ad nauseum. New users would sign up and pay for a small contract only to find out there was no company in the first place.

[bitcoin moon]

I think Bitcoin is a good option to investing in today's time. Because in bitcoin we have good profit in less time. If we invest in Bitcoin, there is also a risk to it. Because Bitcoin prices are rising up and down every day. And anyway we do whatever investment places. There is also a risk. Therefore Bitcoin is a good option for investment.
Good luck all BTC member.

[BigTeeths]

The aftermath of Hashflare's exit is bound to send a negative vibe down the spine of pro-Cloud mining supporters. I don't think we should still give opportunities to ripoffs, scams, and HYIPs, all in the name of cloud mining.

It is always suggestible to the Newbie because most of the Newbie will always think to make money fastly but cloud mining is waste for investment. Already we have seen many scams from this cloud mining and they are not profitable at all. This thread is the best guide for the Newbie.

Me too and I just started my crypto journey back in 2017 but I already witnessed hundreds of them getting reported in their fb groups or forums realted to crypto that they  have been scammed. Maybe the safest way to get into mining business is to find miners near your place or country who really operates and then make a deal with them.

[bitcoin moon]

thank's for this information to your post .I have benefited a lot from your post . I will avoid it myself & say others.

[DrG]

Looks like another cloud is defaulting. Cyrptomining.farm is failing to make payments: https://bitcointalk.org/index.php?topic=5040529.0

[bitbunnny]

Looks like another cloud is defaulting. Cyrptomining.farm is failing to make payments: https://bitcointalk.org/index.php?topic=5040529.0

Why I'm not surprised? In fact I don't know any cloud mining service that was actually legit and made to keep their business. At the end all users of such services lose their money.sooner or later.
That is why I always say that to keep away from cloud mining is the best decision you can make. But still there are always people who will fall for their tempting offers.