Cloud Mining - Please help a newbie

[GermanGiant]

cloud mining has a bad reputation nowadays because often what happens is that people steal your funds right as things look good. ofc not all of them are scams but you never know, so be careful and don't invest in cloud mining. Even if it is legit, the profit is miniscule and it takes maybe years to at least roi with the difficulty, and a legit service often takes out money for electricity costs, so don't do it. Use your bitcoin elsewhere.

So you can try with cloudmining.com to make mining with your own. Seriously I would suggest you to do that and Its according to your wish.

cloudmining.com seems to be suggesting BFL Cloud Mining. Are not they long gone ?

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[cryptodevil]

Rule of thumb is always good, especially for ponzi 'cloud mining' scams like yours GG:

No proof of mining = Proof of no mining!

Ain't that so, GG/SS/RR?

[drinksyourmilkshake]

Don't do cloud mining, it's all scammy. Best thing is to work for your btc or start buying slowly some btc every month.  I've lost money by being a retard and believing in these sites before.

[CryingMidget]

Don't do cloud mining, it's all scammy. Best thing is to work for your btc or start buying slowly some btc every month.  I've lost money by being a retard and believing in these sites before.

Legit sites do provide mining address and payment proof to the persons who receive payment. They don't need to show payment proof to people who didn't invest. If people who didn't invest want to know, they can get it by exploring blockchain. Ponzis shows payment proof to attract more people to run their ponzi as long as possible and when many invest, mix the coins, send it to a new address and divide it between many addresses... It means its your fault you have to be careful more about that.

[Warren Buffet]

Legit sites do provide mining address and payment proof to the persons who receive payment.

Tell me one such legit site. Hashnest, Genesis Mining or anyone? All it needs to show the mining address and sold hash power in real time. But none. Not a single cloud mining website is showing this.

[talkbitcoin]

Legit sites do provide mining address and payment proof to the persons who receive payment.

Tell me one such legit site. Hashnest, Genesis Mining or anyone? All it needs to show the mining address and sold hash power in real time. But none. Not a single cloud mining website is showing this.

there were a couple of them that was actually legit with mining equipment and hashpower to really mine bitcoin but these days all of them (that i was familiar with) are now closed and the rest are scams
you can find out about them here: https://bitcointalk.org/index.php?topic=878387.0

[Hamuki]

Any cloud mining can prove it by showing their mining address(es) as well as publishing sold hash power in real time. Showing picture to owning real mining firm DOES NOT prove anything, because if you have 1 Phs and selling 10 Phs and thereby paying the people holding 9 Phs from other people's investment, you are operating a Ponzi in reality.

Good point to add to this

No proof of mining = Proof of no mining!

The only one i've ever considered is hashnest because obvious reasons we already repeated thousands of times. I wonder, tho, if their API can be used to show their total power/sold power Warren is referring to.
Anyone tried?

[Warren Buffet]

Any cloud mining can prove it by showing their mining address(es) as well as publishing sold hash power in real time. Showing picture to owning real mining firm DOES NOT prove anything, because if you have 1 Phs and selling 10 Phs and thereby paying the people holding 9 Phs from other people's investment, you are operating a Ponzi in reality.

Good point to add to this

No proof of mining = Proof of no mining!

Nopes. This is not the point to be added. This is correct, but does not reflect the complete problem and hence leads to misunderstanding. The point should be...

Proof of mining != Proof of legitimate cloud mining

The only one i've ever considered is hashnest because obvious reasons we already repeated thousands of times. I wonder, tho, if their API can be used to show their total power/sold power Warren is referring to.
Anyone tried?

Hasnest has legit mining power. But, they never proved legitimacy of their cloud mining. People still confuse proof of mining as legitimate cloud mining and fail to understand the hidden ponzi model behind partial reserve mining.

[sana54210]

Some ponzi are advertising as cloud mining, so please beaware.

But there are lot of true cloud mining services available for us to get benefits with them. But, we need to be more careful to determine the legibility of a services before getting starting with them. I just see a service discussion topic how to check a cloud mining is real or not. It would be safe to follow them.

[cryptodevil]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

[winspiral]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

or invest for free in my system "about U2cloudmining site"
you can be sure never loose.You can only earn more or earn less...but never loose.

[notlist3d]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

or invest for free in my system "about U2cloudmining site"
you can be sure never loose.You can only earn more or earn less...but never loose.

But if they go with your normal investing ... they can loose.  The number invested compared to payout unless it has changed massivly would suggest a lot of people on your system still have not made back investment - https://bitcointalk.org/index.php?topic=852857.msg13928830#msg13928830  Feel free to update numbers as it's been a while since you released that set.  But I don't see profit being made still.

Offering some "free" does not make up for other ponzi type investment that loses money.  Why do you continue to post this "u2 cloud"?  

[Victor Beckham]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

or invest for free in my system "about U2cloudmining site"
you can be sure never loose.You can only earn more or earn less...but never loose.

Forget about being treated as a legit mining service. No one will give u even a second thought, unless u get a proper top level domain explicitly for your service.

[teddy5145]

Some ponzi are advertising as cloud mining, so please beaware.

But there are lot of true cloud mining services available for us to get benefits with them. But, we need to be more careful to determine the legibility of a services before getting starting with them. I just see a service discussion topic how to check a cloud mining is real or not. It would be safe to follow them.

There isn't much actually
The only real cloud mining I've heard were Hashnest and that's it
Hashnest is a trustworthy company and I already put few GH/s there so I can confirm that
Besides, They were the one who made Antminer

Besides, most of the cloud mining are safe at first because they are still baiting for more users to come in, when they have enough they just need to act like they've been DDoSed or Hacked
It happens to most of the Cloud Mining

[Jimmy Wales]

There isn't much actually
The only real cloud mining I've heard were Hashnest and that's it
Hashnest is a trustworthy company and I already put few GH/s there so I can confirm that
Besides, They were the one who made Antminer

So, u heard of a cloud mining, invested in it and learnt that they built a miner, makes it a trustworthy cloud mining company?

Besides, most of the cloud mining are safe at first because they are still baiting for more users to come in, when they have enough they just need to act like they've been DDoSed or Hacked
It happens to most of the Cloud Mining

Do u even understand that by this statement, u r promoting the act of running Ponzi?

[teddy5145]

There isn't much actually
The only real cloud mining I've heard were Hashnest and that's it
Hashnest is a trustworthy company and I already put few GH/s there so I can confirm that
Besides, They were the one who made Antminer

So, u heard of a cloud mining, invested in it and learnt that they built a miner, makes it a trustworthy cloud mining company?

Besides, most of the cloud mining are safe at first because they are still baiting for more users to come in, when they have enough they just need to act like they've been DDoSed or Hacked
It happens to most of the Cloud Mining

Do u even understand that by this statement, u r promoting the act of running Ponzi?

Hashnest is a trusted cloud mining, they've been here for long time and why they would run away with your money if they keep making ant miner to the market
very unlikely to happen

And no, I'm not promoting on how to run ponzi, I just posted on how they usually operates and hopefully no more people get baited over it
"They bait people to come in then they run away with your money when they have enough of it"
Seems clear to you ?
Ah, one more thing
If it sounds good to be true then it will probably be a scam

[winspiral]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

or invest for free in my system "about U2cloudmining site"
you can be sure never loose.You can only earn more or earn less...but never loose.

But if they go with your normal investing ... they can loose.  The number invested compared to payout unless it has changed massivly would suggest a lot of people on your system still have not made back investment - https://bitcointalk.org/index.php?topic=852857.msg13928830#msg13928830  Feel free to update numbers as it's been a while since you released that set.  But I don't see profit being made still.

Offering some "free" does not make up for other ponzi type investment that loses money.  Why do you continue to post this "u2 cloud"?  

From the begining,the system was "about" an U2 cloudmining.
The mining has never make satoshi.
All satoshi made came from the site itself.
The system was a mix about free investment and real investment.
The investors have not invested in cloudmining but in a site about cloudmining.

Now it is only possible to invest for free.
I agree only few "investors for free" have made profit.
Investors for cash have so far not get back all their investment.
Some have even re-invest.
it's a long term investment...

In real life,it takes sometimes over 20 years to get back the investment with profit.
Most of people who have invested real cash,have spoken with me before and have asked about where it was not clear for them.

People can not get back investment and keep up making profit.

Investors for free can claim for free and sell shares for real satoshi...
Many investors for "real satoshi" are not in a hurry to be paid back...they even re invest or claim for free...they could sell shares if they would.

I agree...so far I have not paid back more than people have invested for real I could be a scammer.
I agree that if one sees how much I offer profit it could be taken for a ponzi.
I offer nowadays for an 600 satoshi re-investment 900 satoshi in shares.
This is very huge and can be doubtful.
But it is so...but it can as well be risky because it is market regulated.

I'm used to propose systems you never will find other where on the net.
Do not forget that the first risk is taken by me...
I spend time to programme my systems and i spend money to "online it"

if people are doubtful I propose them to claim for free ans sell
claim for free and semm
etc
etc
it is not the most profitable way,but you are sure to have minimum payout quickly.

Have fun...

[notlist3d]

But there are lot of true cloud mining services available for us to get benefits with them.

No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams.

or invest for free in my system "about U2cloudmining site"
you can be sure never loose.You can only earn more or earn less...but never loose.

But if they go with your normal investing ... they can loose.  The number invested compared to payout unless it has changed massivly would suggest a lot of people on your system still have not made back investment - https://bitcointalk.org/index.php?topic=852857.msg13928830#msg13928830  Feel free to update numbers as it's been a while since you released that set.  But I don't see profit being made still.

Offering some "free" does not make up for other ponzi type investment that loses money.  Why do you continue to post this "u2 cloud"?  

*Editing post due to length look above for full post.


Investors for cash have so far not get back all their investment.
If you do math they never will from numbers you put out.  Just your U2 is not powerful enough to pull it off.   A investment where seller knows you likely will not make profit and hides this info is normally considered ponzi.

it's a long term investment...
In real life,it takes sometimes over 20 years to get back the investment with profit.
This is not a standard investment like a stock.  Crypto investments espically on miners are fast and high risk/high reward.  Do you warn investors your fine with it taking 20 years?  No mining system that mentions 20 as justification would get any investors.

Many investors for "real satoshi" are not in a hurry to be paid back...they even re invest or claim for free...they could sell shares if they would.
Come on.... investors not in a hurry to get paid back? Ask them if they want paid back tomorrow I bet they would say heck yes.  Who will they sell these shares to? They will take a loss as your entire system is not held very high on respect.

I agree...so far I have not paid back more than people have invested for real I could be a scammer.
I agree that if one sees how much I offer profit it could be taken for a ponzi.
Yes without paying back investors for so long.... it is seem as ponzi and most consider you a scammer.  The numbers you released with U2 mining just do not equal long term profits.  Your profits with difficulty changes only go down.   It appears you will never pay back investors.   So I think that is why you have a scammer tag.

Put thoughts on some of above rambling above.  My words are ones not bolded.

[luciann]

Rule of thumb is always good, especially for ponzi 'cloud mining' scams like yours GG:

No proof of mining = Proof of no mining!

Ain't that so, GG/SS/RR?

Rule of thumb for all in the category of business.

Let it stand for itself for minimum of 2 years to even be looked at seriously, continue looking at their main thread on how they react to support and other related events.

If a bitcoin service/business proved itself with others during that time, then all there is to figure out to do a soft investing round.

[tech_solutions]

Cloud Mining is a purely ponzi scheme in which if you are the early investors you can make ROI but after some time when their target is achieving they will start all sorts of schemes and start to accumulate the investments from users and then one final day they will stop with excuses.