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Author Topic: Cloud Mining - Please help a newbie  (Read 81754 times)
jackg
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November 11, 2015, 10:26:39 PM
 #581

I always wanted to mine but never had enough resource. Over month, I have gathered around 0.11BTC from faucets and twitter giveaways, with which I want to buy hash power. The cheapest one I see around is offered by www.cloudmining.website, which is 0.001 BTC/GHs. But, before I invest, I'd like to know what people want to say about their experience about this service. As it seems, at current difficulty, I should reach ROI at 4 month. Please advise...

Update 30/03/2015: In fact, I invested 0.11BTC in this service and have already made ROI. Smiley

Update 11/07/2015: They are paying consistently for more than eight months now and they publish the blockchain payment proof - www.cloudmining.website/payments.php. Moreover, according to a third party cloud mining monitor, www.CloudMining.website delivered ROI within ~114 days...



Conclusion: Initially, I took them with a grain of salt, but, after eight months, I can definitely say, they are trustworthy...

I think you should have started with a more trustworthy party such as hashnest.com or miningsweden.se, that would just be my opinion for what you should do!

P.S. How did you make 0.11 btc in a month? What faucets did you use?

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November 11, 2015, 10:42:12 PM
 #582

If one had a magic mirror that could tell you (by name) the cloud mining operations that aren't some form of scam you would be lucky to hear 2 or 3 names given.  And those cloud mining operations that aren't scams are basically guaranteed to not ROI and generally shutdown the minute mining becomes unprofitable for them at their current $/w/gh ratio and electricity costs.

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November 11, 2015, 10:49:07 PM
 #583

the biggest help would be to recommend not to invest in any cloudmining websites as they might just turn to a scam and run away with your money though thats just my opinion

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November 11, 2015, 11:19:02 PM
 #584

GermanGiant - why you never argue with me?

I say loud and clear that Cloud Mining.Service is a scam!

I have no business in that, except to warn people before they put money in this trap!
I asked you to provide some data regarding your allegation about www.cloudmining.website here...

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

Since then you are fleeing around...

who needs a proof when common sense can already tell us that this is a ponzi scheme and would collapse in a matter of time.. Its already showing a sign of collapse Smiley

Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

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November 12, 2015, 01:32:57 AM
 #585

GermanGiant - why you never argue with me?

I say loud and clear that Cloud Mining.Service is a scam!

I have no business in that, except to warn people before they put money in this trap!
I asked you to provide some data regarding your allegation about www.cloudmining.website here...

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

Since then you are fleeing around...

who needs a proof when common sense can already tell us that this is a ponzi scheme and would collapse in a matter of time.. Its already showing a sign of collapse Smiley

Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

+ 1
you protect people to join this ponzi scheme game

Im sure 99% of cloudmining use ponzi scheme, so i prefered for my friend to trade his btc than invest at cloudmining
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November 12, 2015, 07:39:18 AM
 #586

the biggest help would be to recommend not to invest in any cloudmining websites as they might just turn to a scam and run away with your money though thats just my opinion

nah, hashnest are legit, bit-x also, hashnest also have the best roi opportunity, for casual miners this is the best you can have

they are just not very clear about the mining fee

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zencomp
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November 12, 2015, 09:14:27 AM
 #587

GermanGiant - why you never argue with me?

I say loud and clear that Cloud Mining.Service is a scam!

I have no business in that, except to warn people before they put money in this trap!
I asked you to provide some data regarding your allegation about www.cloudmining.website here...

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

Since then you are fleeing around...

who needs a proof when common sense can already tell us that this is a ponzi scheme and would collapse in a matter of time.. Its already showing a sign of collapse Smiley

Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

+ 1
you protect people to join this ponzi scheme game

Im sure 99% of cloudmining use ponzi scheme, so i prefered for my friend to trade his btc than invest at cloudmining

the biggest help would be to recommend not to invest in any cloudmining websites as they might just turn to a scam and run away with your money though thats just my opinion

what you both said is correct investing in cloudmining is just like playing casino and dice game, in the end you will lose it. i had also invested in hashprofit.com site at start it gave good returns but after some time when it became more famous it started to give 70 - 80% discount and then after 2 months that site got closed down. and after sometime their was a message in that site that they are hacked by some hacker and they have lost all investment to them. like this also scheme come and go . so it is better that you can do buying and selling or just save it in wallet and use it when you are in need.

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November 12, 2015, 10:46:20 AM
 #588


what you both said is correct investing in cloudmining is just like playing casino and dice game, in the end you will lose it. i had also invested in hashprofit.com site at start it gave good returns but after some time when it became more famous it started to give 70 - 80% discount and then after 2 months that site got closed down. and after sometime their was a message in that site that they are hacked by some hacker and they have lost all investment to them. like this also scheme come and go . so it is better that you can do buying and selling or just save it in wallet and use it when you are in need.

Did you seen information on hashprofit.com site?

Probably it is lie but it looks like is still alive:
(It is in Russian - i use google translator Wink )

08/13/2015
Today, the payment was made, a little earlier than promised. The list includes users who responded to our letter and provided all the necessary data. It paid 291.94 BTC (about 5 million. Rubles), received a payment of 780 people. See report on payment by 08.13.2015.

Unfortunately, the payment received, not all users of the service. Please be patient, at the moment the service administration is developing a plan to phase out full repayment of the debt, taking into account the current difficult situation.

Don't know what to think about this..  Roll Eyes Maybe someone seen some confirmation of their actions?

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GermanGiant
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November 14, 2015, 10:12:33 AM
 #589

GermanGiant - why you never argue with me?

I say loud and clear that Cloud Mining.Service is a scam!

I have no business in that, except to warn people before they put money in this trap!
I asked you to provide some data regarding your allegation about www.cloudmining.website here...

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

Since then you are fleeing around...

who needs a proof when common sense can already tell us that this is a ponzi scheme and would collapse in a matter of time.. Its already showing a sign of collapse Smiley

Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

It has been found that you are actually at ~50% at www.cloudmining.website and spreading FUD to blackmail the service. Explain the reason of your hypocrisy in that thread.

p.s. tmfp is helping you. Wink

p.p.s Try to FUD a little more and CryptoDevil might leave +ve trust on you too. Cheesy
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November 14, 2015, 01:25:06 PM
 #590

There has been a prolioferation of cloud mining scams recently, Unless you know what you are doing, I would not get into it

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November 14, 2015, 02:47:19 PM
 #591

Is miningsweden profitable? Their website looks rather unprofessional
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November 14, 2015, 05:41:48 PM
 #592

GermanGiant - why you never argue with me?

I say loud and clear that Cloud Mining.Service is a scam!

I have no business in that, except to warn people before they put money in this trap!
I asked you to provide some data regarding your allegation about www.cloudmining.website here...

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

Since then you are fleeing around...

who needs a proof when common sense can already tell us that this is a ponzi scheme and would collapse in a matter of time.. Its already showing a sign of collapse Smiley

Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

It has been found that you are actually at ~50% at www.cloudmining.website and spreading FUD to blackmail the service. Explain the reason of your hypocrisy in that thread.

p.s. tmfp is helping you. Wink

....

LOL, a blackmailer now if you criticize this scam, not just "in the pay of the competition".

Kotwica's ROI is nowhere near "~50%", it is 34% negative, as you are fully aware.
The figures in the other thread make this perfectly clear, after a year he is being paid dust and has an estimated FOUR MORE YEARS before his G/hs earnings pay back his original purchase price, never mind give him a profit.
The fact that his terrible "investment" mistake in your scam has been softened slightly, because he was greedy/naive/optimistic enough to refer someone else to it and is being paid blood money for that, is totally irrelevant. As you know.

Actually, a "cloud miner" that pays more in referral bounty than it does on its investment contract....how much more proof of a scam could there be? This is called "shooting yourself in the foot" GG.
 Wink

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November 14, 2015, 09:51:29 PM
 #593

from my point of view i believe that you should not invest in cloudmining services at all as it might turn to a scam easily
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November 15, 2015, 12:14:05 PM
 #594

Too many shady cloudmining sites has gone, so i would not recomend them either.

I am not advertising anything Smiley
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November 16, 2015, 02:57:42 PM
 #595


Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

It has been found that you are actually at ~50% at www.cloudmining.website and spreading FUD to blackmail the service. Explain the reason of your hypocrisy in that thread.

p.s. tmfp is helping you. Wink

p.p.s Try to FUD a little more and CryptoDevil might leave +ve trust on you too. Cheesy

I'm actually around 65% of ROI and i was around 55% in January..

I already explain why i'm scammed. if you don't understand my calculations compare them with calculator in service that you promote.

Why i'm doing this? Because i involve people to this scam and i feel very bad with that.
I don't want anyone else to lose their money here.


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November 17, 2015, 07:32:45 AM
 #596


Already post all my data about Cloud.Mining.Website SCAM here:

https://bitcointalk.org/index.php?topic=843417.msg12895581#msg12895581

It is self moderated thread so if it will be deleted just let me know - i hold copy.

It has been found that you are actually at ~50% at www.cloudmining.website and spreading FUD to blackmail the service. Explain the reason of your hypocrisy in that thread.

p.s. tmfp is helping you. Wink

p.p.s Try to FUD a little more and CryptoDevil might leave +ve trust on you too. Cheesy

I'm actually around 65% of ROI and i was around 55% in January..

I already explain why i'm scammed. if you don't understand my calculations compare them with calculator in service that you promote.

Why i'm doing this? Because i involve people to this scam and i feel very bad with that.
I don't want anyone else to lose their money here.



The big problem I see with calculator is it does not mention difficulty's change and how big of a effect it will have.   Sure... it looks amazing when you calculate a year without any increase in hashrate.  But that is unrealistic they should add difficulty change to calculator I would suggest.  Anyone investing anywhere on mining make sure to use one like - https://bitcoinwisdom.com/bitcoin/calculator where diffficulty is being factored in.

Just like this week difficulty will play a bit role it's shaping up to be  - https://bitcoinwisdom.com/bitcoin/difficulty .  A lot of new gear being pumped out.  And it's almost scary on this change.
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November 18, 2015, 12:19:53 PM
 #597

The big problem I see with calculator is it does not mention difficulty's change and how big of a effect it will have.   Sure... it looks amazing when you calculate a year without any increase in hashrate.  But that is unrealistic they should add difficulty change to calculator I would suggest.  Anyone investing anywhere on mining make sure to use one like - https://bitcoinwisdom.com/bitcoin/calculator where diffficulty is being factored in.

Just like this week difficulty will play a bit role it's shaping up to be  - https://bitcoinwisdom.com/bitcoin/difficulty .  A lot of new gear being pumped out.  And it's almost scary on this change.

Ofcourse it is problem, because for new users it is information about service.

Now i know that this information is useless, but over year ago i thought that it is information about mining capability of this service.

Other words for what is there this calculator? To mislead people!

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notlist3d
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November 18, 2015, 05:30:28 PM
 #598

The big problem I see with calculator is it does not mention difficulty's change and how big of a effect it will have.   Sure... it looks amazing when you calculate a year without any increase in hashrate.  But that is unrealistic they should add difficulty change to calculator I would suggest.  Anyone investing anywhere on mining make sure to use one like - https://bitcoinwisdom.com/bitcoin/calculator where diffficulty is being factored in.

Just like this week difficulty will play a bit role it's shaping up to be  - https://bitcoinwisdom.com/bitcoin/difficulty .  A lot of new gear being pumped out.  And it's almost scary on this change.

Ofcourse it is problem, because for new users it is information about service.

Now i know that this information is useless, but over year ago i thought that it is information about mining capability of this service.

Other words for what is there this calculator? To mislead people!

It all depends the one I linked to is pretty good at giving accurate info, but you have to input data.  Things such as difficulty you cannot know for sure so that is where speculation comes in place.  And some speculation can be off quite a bit.  There is no guarentee of ROI, that is part of mining but also why I like to get hardware myself most of tiime where I own the miner.

As far as https://bitcoinwisdom.com/bitcoin/difficulty it really is not to mislead people.  You just need to learn about bitcoin before using it.  I can see what you mean about being new.  But really if you are new you should read about mining before jumping into it, you have to understand things like difficulty... if not you are not really to point to make good decisions.

I agree if a site uses current difficulty and times it by days .... chances are it's meant to mislead or be used just for this difficulty period. Coinwarz is a good example of one that is not meant to mislead but just does current calculation on mining.  A cloud mining site that uses current mining difficulty and bases a weeks/months/year off of it chances are is trying to mislead. 
kotwica666
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November 19, 2015, 02:29:37 AM
 #599

The big problem I see with calculator is it does not mention difficulty's change and how big of a effect it will have.   Sure... it looks amazing when you calculate a year without any increase in hashrate.  But that is unrealistic they should add difficulty change to calculator I would suggest.  Anyone investing anywhere on mining make sure to use one like - https://bitcoinwisdom.com/bitcoin/calculator where diffficulty is being factored in.

Just like this week difficulty will play a bit role it's shaping up to be  - https://bitcoinwisdom.com/bitcoin/difficulty .  A lot of new gear being pumped out.  And it's almost scary on this change.

Ofcourse it is problem, because for new users it is information about service.

Now i know that this information is useless, but over year ago i thought that it is information about mining capability of this service.

Other words for what is there this calculator? To mislead people!

It all depends the one I linked to is pretty good at giving accurate info, but you have to input data.  Things such as difficulty you cannot know for sure so that is where speculation comes in place.  And some speculation can be off quite a bit.  There is no guarentee of ROI, that is part of mining but also why I like to get hardware myself most of tiime where I own the miner.

As far as https://bitcoinwisdom.com/bitcoin/difficulty it really is not to mislead people.  You just need to learn about bitcoin before using it.  I can see what you mean about being new.  But really if you are new you should read about mining before jumping into it, you have to understand things like difficulty... if not you are not really to point to make good decisions.

I agree if a site uses current difficulty and times it by days .... chances are it's meant to mislead or be used just for this difficulty period. Coinwarz is a good example of one that is not meant to mislead but just does current calculation on mining.  A cloud mining site that uses current mining difficulty and bases a weeks/months/year off of it chances are is trying to mislead.  

You have 100% right but i'm not talking about ROI.
When i buy contract there i know enought about mining and difficulty. Wink
At the beginning CM.W was mining approximately like their calculator shows. Everything was ok.

Now shows that 10ghs can mine around 7000 satoshi (like shows before) - i don't have even half with 130ghs.

This can mislead people. Ofcourse they have:
"Note: Calculated statistical throughput is a theoretical amount. ..."
Ok, "theoretical amount" but if difference is 2000% there is something wrong..  Roll Eyes

Just please don't tell me that their rewards are possible because of difficult increasing Cheesy

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Proxiebuier
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November 19, 2015, 03:48:42 AM
 #600


what you both said is correct investing in cloudmining is just like playing casino and dice game, in the end you will lose it. i had also invested in hashprofit.com site at start it gave good returns but after some time when it became more famous it started to give 70 - 80% discount and then after 2 months that site got closed down. and after sometime their was a message in that site that they are hacked by some hacker and they have lost all investment to them. like this also scheme come and go . so it is better that you can do buying and selling or just save it in wallet and use it when you are in need.

Did you seen information on hashprofit.com site?

Probably it is lie but it looks like is still alive:
(It is in Russian - i use google translator Wink )

08/13/2015
Today, the payment was made, a little earlier than promised. The list includes users who responded to our letter and provided all the necessary data. It paid 291.94 BTC (about 5 million. Rubles), received a payment of 780 people. See report on payment by 08.13.2015.

Unfortunately, the payment received, not all users of the service. Please be patient, at the moment the service administration is developing a plan to phase out full repayment of the debt, taking into account the current difficult situation.

Don't know what to think about this..  Roll Eyes Maybe someone seen some confirmation of their actions?

LOL
please don't talk about hashprofit again
it's make me forget about my 0.4BTC, i lose it , also i have 50active reff and 200reff >_<  Lips sealed

im very sad if i remember it

now I would never promote cloud mining again
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