Oddly enough I also invested in CEX. Full Member Offline Activity: As the market of cruptocurrency rised,the mining equipments became expansive. Hashnest is perhaps an exception but still very much risky, and certainly not as profitable as mining with owned equipment. Smart payments made simple. Ctn on August 05, April 16, December 31, Trinteq on February 08, That is why the returns from hashflare and genesis mining are bad overall. So does anyone have another service that i can buy into? Having something that works is. You can withdraw everything any time when you want. Some of them pay initially to early birds but eventually they disappear with your money so my personal advice based on my personal experience to you is don't trust any cloud mining and yes stay away from. Hashflare is a fricken disaster that has scammed the hell out of everyone, still i see all this people recommend it. Hero Member Offline Activity: Hero Member Offline Posts: Hero Member Offline Posts: Save up some money, get an Antminer or build a GPU mining rig and mine normally. Do yourself a favor and stay away from any of the cloud How To Transfer Bitcoins From Coinbase To Blockchain Aron Fischer Ethereum sites available in the internet. April 16, Please login or register. Full Member Offline Activity: Until now I do not trust cloud mining as a profitable investment. It's been under a month, and there are definitely red flags as I outlined here http: One important lesson from a few experiences I've seen around here:
What can I do to prevent this in the future?
Best cloud mining companies do not exist because it is impossible to exist with the actual network difficulty so all cloud mining websites except Hashnest for me are scam. We'll see how the next few months go though. I used that and some other funds to purchase some mining contracts on HashFlare and so far I am quite happy with it. I've done it for about 2 months and I ended up losing a small amount of money. Bitcoin Forum April 16, , Powered by SMF 1. I suggest you try PoS coins instead, much safer and much more profitable. Mixing reinvented for your privacy Chip Mixer. Not recommended to join cloudmining, there are so many scammed case from cloud mining and usually they target on the beginner who is tempted by making a good profit with investing, I had been scammed few times from cloudmining, and as I know in the end the sites will closed down and run away with your money, you are gambling with your money, either you making profit before they run or you lost your money. About PoW cloud, well, it s hard to reach profitability unless you have your own rigs. The profit is low 0. Bitcoin Forum April 16, , The ROI of cloud mining is around 19 months on average. December 31, , The fact that Crypterra pays so much more is an indication that it is a scam. All investors were credited with twice their investment for inconvenience. You can withdraw everything any time when you want. I am pretty new to bitcoin and have basically been using faucet sites to get started. Powered by SMF 1. Hero Member Offline Activity: But you can still explore it but a small amount of 50 or dollars and see if it is profitable. And suggest pros and cons for each. Pay with Bitcoin, Litecoin Minimal withdrawal sum: It is not worth spending bitcoin on hashing contracts, just like it's a dumb thing to do to spend bitcoin on mining hardware. Even if it was legitimate, it is a very slow process and the model behind the business doesn't make much sense to me - iirc, I ran some numbers and it was about 18 months to begin to see a ROI. Full Member Offline Activity: Please login or register.
I have skin in the game with Crypterra probably a lot more that I should so I hope they come back as much as. Cloud mining will never be profitable. As an unofficial user of Crypterra I am pleased to present you this new Cloud Mining service: January 15, You know there isn't easy money Mining Contracts Cryptocurrency Cloud Mining Bitcointalk Crypto World, otherwise faucets would be much more profitable and I think you have already reached to the conclusion it's not Quickfant Member Offline Activity: Hashflare is 1 year contract and Crypterra is 2, so Okpay Bitcoin Ethereum Dawn is a black hole, and Crypterra brings some fresh air into the dark pit of cloud mining. People will say it is a scam Some people will say it is not a scam I know that I would just like everyones opinion on it if that is ok So is cloud mining a scam yes or no Reasons why appreciated Many Thanks. They have a mining farm and pay you How To Sell Bitcoin In India How To Recover Ethereum Wallet interest by investing on their site, just by depositing some money there and letting it generate passive income. As the market of cruptocurrency rised,the mining equipments became expansive. Oddly enough I also invested in CEX. TekCoinz Newbie Offline Activity: Full Member Offline Activity: In my opinion, it's better to rent hashing power than to buy. Kind a little volatile given the rapid climb in bitcoin Math Behind Litecoin Chinas Role In Cryptocurrency, and the drop in hashing price to correct it. Oilacris Hero Member Offline Activity: It has convinced us all that there is no choice for us to choose cloud mining, cloud mining is the only waste in the world of digital currency. I've only heard that Genesis is the best lol U have mentioned it, so yhea. Please login or register. December 30, So does anyone have another service that Cryptocurrency Infographic Rx 570 Power Usage Mining Site Forum.ethereum.org can buy into? It's really the only way to keep up on economies of scale. Cloud mining could be great if you have patience and you choose the legit option. I see some reviews stating that cloud mining is just a matter of spending our time, as most cloud mining only plays the calculation numbers and ends with a scam. Hero Member Offline Activity: If you truly want to get into mining, try your hand on either building a GPU mining rig for alt coins or getting ahold of an ASIC that isn't overpriced far beyond profitability.
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Stay away from cloud mining. I'd really like to hear all of your insights with regards to mining. January 17, , August 04, , It has convinced us all that there is no choice for us to choose cloud mining, cloud mining is the only waste in the world of digital currency. The Blo ckc hai n Ap p St ore Many newbies trying to get bitcoin through cloud mining and it's their choice, just buy and hold bitcoin for long term is better I guess. Full Member Offline Activity: Bitcoin price and difficulty level play a big role on the ROI. The revenue covers investment the investment in part, because the price of bitcoin is expected to rise. Sometimes I rent hashing power on NiceHash when I see a potentially promising coin. Bitcoin Forum April 16, , Hi, I wanted to share my experience with hashflare. As an unofficial user of Crypterra I am pleased to present you this new Cloud Mining service: Xanis on October 24, , Trinteq Newbie Offline Activity:
The Blo ckc hai n Ap p St ore Most of them are scams, faucets are even more reliable Litecoin Stagnant The Best Cryptocurrency To Invest In 2018 trustworthy than those cloud mining. Bitcoin price and difficulty level play a big role on the ROI. But there are a shedload of red flags already with this company so I wouldn't recommend new investors to jump in until they have shown they can honor payouts and keep their website online for more than a few days at a time. Wheres The Money Chinese Cryptocurrency Us Crypto Exchanges by SMF 1. I used that and some other funds to purchase some mining contracts on HashFlare and so far I am quite happy with it. If you have already decided to do cloud mining then Genesis will be best among all and other websites will most probably be fake. Stay away of cloud mining, most is structured in the form of pyramid How To Trade Bitcoins In South Africa 226 Mh S Ethereum Mining Rig. Win btc just for 5 mins! Or if you want to earn on mining - buy equipment. That is why the returns from hashflare and genesis mining are bad overall. Sometimes I rent hashing power on NiceHash Malware Cryptocurrency Apps Best Crypto Exchange I see a potentially promising coin. Please login or register. The ones which are not fake provide Twitch Altcoin Mining 2 Years Of Genesis Mining less profit and that's the reason why people Genesis Mining Statement Explain How Genesis Mining Works not much into cloud mining. Until now I Mining Contracts Cryptocurrency Cloud Mining Bitcointalk not trust cloud mining as a profitable investment. Best Cloud Mining companies December 23, The World's First Social Network. MerchantMiner on October 24, It's been under a month, and there are definitely red flags as I outlined here http: I am pretty new to bitcoin and have basically been using faucet sites to get started. April 16, How much do you want to invest? Hashflare is 1 year contract and Crypterra is 2, so Hashflare is a black hole, and Crypterra brings some fresh air into the dark pit of cloud mining. You most likely won't get your investment back otherwise for reasons that have been outlined several times on this forum. Should you even still be mining? Cloud Mining Scam or legit. Ask yourself - if you would have mining equipment, How To Delete Account On Binance Poloniex Wont Give Me My Money you rent it to someone and pay interest for next or i don't know how many years? We can't judge whether it will be great, as we will know about it after their cloud mining officially operating. Please stay away from cloud mining services. But I have been using Hashflare from some time and it has been profitable so far. I have a feeling there will soon be other people following this model. Please Mining Contracts Cryptocurrency Cloud Mining Bitcointalk or register.
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You know there isn't easy money on Crypto World, otherwise faucets would be much more profitable and I think you have already reached to the conclusion it's not If you want to earn anything considerable that is. Add Money To Bitcoin Using Microsoft Account Ethereum Vs Blockchain though and make ya own mind up https: That said, I'm happy that BFL has the option to switch to their hosting plan in case you're still waiting for an increasingly useless Little Single. October 18, April 16, Due to increased demand Hashflare raised their contract prices. As the market of cruptocurrency rised,the mining equipments became expansive. It's hard to say as difficulty is increasing continuous. Cloud mining is highly discouraged because it is very risky and unreliable. But you can still explore it but a small amount of 50 or dollars and see if it is profitable. I suggest you try PoS coins instead, much safer and much more profitable. October 19,
Without a lot of initial money you won't be able to earn decent passive income investing online. Hero Member Offline Activity: I've only heard that Genesis is the best lol U have mentioned it, so yhea. You might make money but the people who invest after you will not. Rahar02 Hero Member Offline Activity: Most of them are scams, faucets are even more reliable and trustworthy than those cloud mining. April 16, , It's really the only way to keep up on economies of scale. Koadharber Hero Member Offline Activity: Save up some money, get an Antminer or build a GPU mining rig and mine normally. Powered by SMF 1. Also there is risk involved with every cloud mining contract legit one because when reward from the contract will be lower than the maintenance fee than that contract will end sooner than what you have dreamed of. Cloud Mining Scam or legit. You should better consider in just buying Bitcoins. Guys, I am interested to invest on mining Bitcoin, Ethereum and Ripple by cloud model? I don't want to be involved in this game of investment which mostly ended with loss, not all but it's not worth in my opinion. Kind a little volatile given the rapid climb in bitcoin value, and the drop in hashing price to correct it. Until now I do not trust cloud mining as a profitable investment. You can withdraw everything any time when you want. Depending on your electricity cost and whether you have room available, you're probably better off just buying and holding though. The Blo ckc hai n Ap p St ore HeRetiK on October 17, , October 19, ,
You know there isn't easy money on Crypto World, otherwise faucets would be much more profitable and I think you have already reached to the conclusion it's not If you want to earn anything considerable that is. Add Money To Bitcoin Using Microsoft Account Ethereum Vs Blockchain though and make ya own mind up https: That said, I'm happy that BFL has the option to switch to their hosting plan in case you're still waiting for an increasingly useless Little Single. October 18, April 16, Due to increased demand Hashflare raised their contract prices. As the market of cruptocurrency rised,the mining equipments became expansive. It's hard to say as difficulty is increasing continuous. Cloud mining is highly discouraged because it is very risky and unreliable. But you can still explore it but a small amount of 50 or dollars and see if it is profitable. I suggest you try PoS coins instead, much safer and much more profitable. October 19,
Without a lot of initial money you won't be able to earn decent passive income investing online. Hero Member Offline Activity: I've only heard that Genesis is the best lol U have mentioned it, so yhea. You might make money but the people who invest after you will not. Rahar02 Hero Member Offline Activity: Most of them are scams, faucets are even more reliable and trustworthy than those cloud mining. April 16, , It's really the only way to keep up on economies of scale. Koadharber Hero Member Offline Activity: Save up some money, get an Antminer or build a GPU mining rig and mine normally. Powered by SMF 1. Also there is risk involved with every cloud mining contract legit one because when reward from the contract will be lower than the maintenance fee than that contract will end sooner than what you have dreamed of. Cloud Mining Scam or legit. You should better consider in just buying Bitcoins. Guys, I am interested to invest on mining Bitcoin, Ethereum and Ripple by cloud model? I don't want to be involved in this game of investment which mostly ended with loss, not all but it's not worth in my opinion. Kind a little volatile given the rapid climb in bitcoin value, and the drop in hashing price to correct it. Until now I do not trust cloud mining as a profitable investment. You can withdraw everything any time when you want. Depending on your electricity cost and whether you have room available, you're probably better off just buying and holding though. The Blo ckc hai n Ap p St ore HeRetiK on October 17, , October 19, ,