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Author Topic: What is difference between cloud mining and HYIP ?  (Read 2963 times)
Ajatmoralez
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September 24, 2014, 02:08:58 PM
 #1

When i ask to my friends about mining, they always bring me to cloud mining site, but i think cloud mining similar with hyip. did i wrong ?

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September 24, 2014, 02:55:32 PM
 #2

hyip = high yield investment, most of them are just ponzis
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September 25, 2014, 08:35:19 AM
 #3

One losses you money faster than the other typically.  Unless you catch a HYIP on the later portion in which case your doubly screwed.

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September 26, 2014, 01:22:24 PM
 #4

many hyip are disguised as cloud mining ,caution search and only invest what you can lose .

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September 26, 2014, 01:52:28 PM
 #5

many hyip are disguised as cloud mining ,caution search and only invest what you can lose .

True and true.
A few cloudmining projects have turned scams already in the past such as Lunamine (thread: https://bitcointalk.org/index.php?topic=675315.0)
A few ponzi have claimed to be investing in bitcoin mining such as CryptcoMiner (thread: https://bitcointalk.org/index.php?topic=762929.0).
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September 26, 2014, 03:26:10 PM
 #6

When i ask to my friends about mining, they always bring me to cloud mining site, but i think cloud mining similar with hyip. did i wrong ?

You're right, I thought cloud mining = HYIP
And I hate when someone say cloud mining as mining.
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September 26, 2014, 04:13:43 PM
 #7

I do not want to play anymore HYIP my balance was too much exposed to the scammer

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krishatnet
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September 26, 2014, 04:35:11 PM
 #8

I understand your point. It is similar to hyip sites. Are they really mining bitcoins?

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Sonny
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September 26, 2014, 04:44:44 PM
 #9

I understand your point. It is similar to hyip sites. Are they really mining bitcoins?

Well, some cloudmining sites show no proof of mining and can't show where the payment to miners came from.
In contrast, cex/ghash has been mining a lot of blocks, though the maintenance fee there is very high.
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September 26, 2014, 04:54:38 PM
 #10

many hyip are disguised as cloud mining ,caution search and only invest what you can lose .

True and true.
A few cloudmining projects have turned scams already in the past such as Lunamine (thread: https://bitcointalk.org/index.php?topic=675315.0)
A few ponzi have claimed to be investing in bitcoin mining such as CryptcoMiner (thread: https://bitcointalk.org/index.php?topic=762929.0).

AFAIK, CryptcoMiner was not a Cloud Mining Website. They offered some kinda weird investment plan like 3%-4% daily !!! Most of the cloud miners are still paying like PBMining, GAWminer etc. though they dont reveal how do they operate.

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September 26, 2014, 05:02:41 PM
 #11

many hyip are disguised as cloud mining ,caution search and only invest what you can lose .

True and true.
A few cloudmining projects have turned scams already in the past such as Lunamine (thread: https://bitcointalk.org/index.php?topic=675315.0)
A few ponzi have claimed to be investing in bitcoin mining such as CryptcoMiner (thread: https://bitcointalk.org/index.php?topic=762929.0).

AFAIK, CryptcoMiner was not a Cloud Mining Website. They offered some kinda weird investment plan like 3%-4% daily !!! Most of the cloud miners are still paying like PBMining, GAWminer etc. though they dont reveal how do they operate.

Yup, CryptcoMiner is a ponzi that claimed to be generating an impossible 3%-4.5% daily profit from mining, and of course it is just a big fat lie.
Undefeatable
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September 27, 2014, 05:07:03 AM
 #12

big diffrent between cloud mining and HYIP. cloud mining give you negative returns and they don't need to scam you to earn a profit. HYIP give super profit they would need to scam you to profit..

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September 27, 2014, 05:09:25 AM
 #13

Cloud mining is (probably) a real thing with actual minings, HYIP is unsustainable and will crash eventually.

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misterycoins
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September 27, 2014, 05:35:21 AM
 #14

basically suspicious of promises of high profits
https://bitcointalk.org/index.php?topic=764904.0

Ajatmoralez
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October 04, 2014, 03:56:06 AM
 #15

Thank you. Just like @krishatnet said, are they really mining btc?, no one knows.

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October 04, 2014, 08:52:04 AM
 #16

HYIP is always a scam and will never last, you can only profit from it if you get in straight from the start and get out before the scammer. Very very difficult unless you know the scammer.
Cloud mining is good if you don't have the hardware but will never give you profit if you put your money in, i.e your Return On Investment will be negative.

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October 04, 2014, 03:14:27 PM
 #17

many hyip are disguised as cloud mining ,caution search and only invest what you can lose .

True and true.
A few cloudmining projects have turned scams already in the past such as Lunamine (thread: https://bitcointalk.org/index.php?topic=675315.0)
A few ponzi have claimed to be investing in bitcoin mining such as CryptcoMiner (thread: https://bitcointalk.org/index.php?topic=762929.0).

AFAIK, CryptcoMiner was not a Cloud Mining Website. They offered some kinda weird investment plan like 3%-4% daily !!! Most of the cloud miners are still paying like PBMining, GAWminer etc. though they dont reveal how do they operate.

You are right! But PBMiing hasn't shown any proof on their mining farm yet. So I don't think they are really mining nor they are ponzi. Still need some proof! Roll Eyes

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October 04, 2014, 10:22:58 PM
 #18

wait what the fuk is hyip?
wry
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October 05, 2014, 12:27:39 AM
 #19

HYIP = High Yield Investment Program; as others have noted, a very common scam wrapper, almost always a ponzi

Cloud Mining = buying mining power from others.  As Markov noted, almost impossible to make money, though very popular.  Can also be a scam wrapper.

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October 05, 2014, 03:43:38 AM
 #20

HYIP dev will scam once they receive enough deposit.
Cloud mining is cex.io is like trading, you need to buy cheap ghs not when it is overpriced.
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