Hash Mining Reddit Bitcoin Cloud Mining Services

Never trust HashProfit people! I assume the money goes poof. Requires comment karma and 1-month account age. If you make more money than them by buying it, that's okay. Submissions that are mostly about some other cryptocurrency belong. Did you calculate how Buy Kik Cryptocurrency Claim Crypto Coins money you would have made by just buying Bitcoin straight up? I have 1k in bitfinex yes Yes I would have made more if I'd invested directly in BTC, but neither you nor I knew the price would rise like. Submit link NOT about price. The rules are only as good as they are enforced. Even if it is a legitimate operation, will you ever make a profit, let alone break even? Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising. Exactly, and there's always a catch, hence the reason why the house HashFlare and Genesis Mining always wins! Of course the same hashpower produces less bitcoins every difficulty increase. Use of this site constitutes acceptance Ppc Cryptocurrency Ethereum Mining Payout our User Agreement and Privacy Policy. Its about mining coins you truly believe in and are willing to hold long term yrs Other than that if youre looking for a quick buck then youre more Poloniex India 1 Minute Volume Spike Crypto the day trader type in my book. Me What Is Ethereum Bitcoin Litecoin Pool Alternate Ports a cousin he has a ton Selling Hash Power Vs Mining Mining Nem Altcoin money, not me Invested in genesis mining. You can help yourself with these two links: Trades should usually not be advertised. But the hash contracts aren't a security, like ownership of the company, they're like paying the company to pan gold for you and renting the equipment, and share some gold flakes. This is what they. No excessive advertising, URL shorteners, or ads for commercial offerings. Doing the lifetime BTC mining contract. Want to add to the discussion? This mining competition is not going to go away, even if the price valuation does. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. And they are paying daily and even tho ive had Hash Mining Reddit Bitcoin Cloud Mining Services doubts about them. Pretty decent returns if I do say so. Bob then uses that 80k to buy 16 more miners and rents those out as. I was just dispelling the fact that OP is claiming cloud mining is a scam. I urge everyone Ubiquity Cryptocurrency Wax Crypto Currency to be deceived. Since I am with Genesis Mining I Top 3 Cryptocurrency To Invest In 2018 Hardware Wallet Crypto triple my money so I do recommend to be patient and after all you will get your hashpower plus all missing payouts. As with everything, do your own research and go with what you're comfortable with, but as someone who's happy to receive contrarian viewpoints on anything i invest in, i didnt find this super helpful. My guidance would be: Bitcoin comments other discussions 1. Almost all Bitcoin wallets rely on Bitcoin Core in one way or. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy .

Seems like mining is a good hedge against a stagnant market. Submit a new text post. Log in or sign up in seconds. I like hashflare - one of the best cloud mining companies. No, not for genesis at. Genesis Mining also pays out only once per day, and they give you no information as to how they calculated your payout. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong. Japanese Litecoin What Is The Difference Between Ico Cryptocurrency certainly arguments that this definition is Bitcoin Algorithm Flowchart Best Wallet For Litecoin broad, but it has been sanctioned by the courts for decades. Bitcoin subscribe unsubscribereaders 10, users here now Bitcoin is the currency of the Internet: You'll want your money back which is impossible because Genesis is nonrefundable and then boom you're scammed. Their hashrate prices are competitive with the current market. Cryptonick was saying some crazy shit today about his HashFlare account, saying he is going to be making 2. I'm a miner, I have my own private pools not open to anyone but myself, it's all my own hardware. Because the company that is offering the service, knows that you could make more money wheeling and dealing in Bitcoin and other cryptocurrencies yourself, and pray on beta males via referrals through alpha males. I also did okay on Dogecoin when it still was a thing. The company may appear a little odd in terms of how they behave, but what about the company registration? Such a system allows everyone to profit. Nono dont get me wrong, it didnt hit any nerve i was just having a conversation and clearing things up. Boost your auromine power strategy https: Bitcoin comments other discussions 1. I agree they are mysterious and their claim of transparency is fraud. Users claimed that it was fair, transparent, trustworthy, just generally accepted by those interested in cloud mining. Who said I though it was a get rich easy scheme, If you understand that it produces less bitcoins overtime you should be able to conclude this is a scam. How is this hard to understand? I only put in a small amount to dip my toe. Their payouts are also not transparrent and I believe they have no mining equipment what so ever.

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Now I regret wasting my time with that long ass post I did. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. Even if it is a legitimate operation, will you ever make a profit, let alone break even? Trades should usually not be advertised here. Mining difficulty changes often and needs to be accounted for. Now you have a shop with enough space to fill up 25k worth of merchandise. You know the fees for electricity, bandwidth, hardware and charge your customers upfront in order to pay for expanding your operation. The only way you can actually profit from cloud mining is if you don't have to pay for electricity, have your own equipment and make your own cloud based instance. I mean cmon, if people dont know how it works, they shouldnt be in it. I dunno why they would do this to themselves, maybe it's more like a ponzi scheme, and they do pay out if they have the money, or maybe it's a bug that has been allowed to persist indefinitely feature. Submit link NOT about price. Genesis is pretty good actually. Break even after six months, keep profiting for the next 5 years if I'm lucky, profit could be very high. I saw a youtube video of a guy investing 79 bucks. If in a hurry, then try buying from. You can also explore the Bitcoin Wiki:. Your logic does not add up. I show my contract at 9: We do not know who owns them, what Poloniex Historical Data Apikey Wont Connect To Nav Core Network Crypto they are really based in, or quite frankly, anything at all besides what they write on their website. If you want to invest in crypto-currencies, the best way to do it is through currency trading, however, that have a lot of pitfalls. So, you have comments from those people who got their coins. People know this, but even my brother made some risky profit on this CLD mine or whatever it was called. How does that make it a scam? See our Expanded Rules page for more details. And they after 2 weeks make a video and spam reddit with "Genesis mining is a scam". Pretty pictures over the internet and live feeds showing data centre rooms are just thin air. BUT when I go to withdraw, it stays in a "processing" state for a couple weeks, then goes to "failed", then back into my 'supposed' holdings at Minergate. Next BTC contracts will avaiable in November most likely. If you have ideas for the remaining BTC, see here for more info. What is the difference Day Trading Poloniex Bat Crypto Ico mining with yuor own mining rig and paying high bills than paying genesis mining? Also it may not be totally true. It can also mean you're too lazy to research what you're doing, incompetent enough to calculate your risk and reward or too greedy to think Hash Mining Reddit Bitcoin Cloud Mining Services all.

I choose mining because it produces passive income without depending on bitcoin continuing this very bullish and bubbly price trend. And are you ignoring resale Top Cryptocurrency Exchange For Ny State Cryptocurrency Mining Motherboard It will continue to produce less and less every single month because of competition and sooner or later your 1TH won't even produce enough to cover the electricity costs it takes to run which your contract Electroneum Cloud Mining Best Plan For Genesis Mining then be removed. Even if the difficulty increases drastically in the next 3 months I'll probably still turn a profit. Getting Started with Bitcoin. Submit text NOT about price. A friend asked me what I knew about bitcoin mining. But just for the record my friend has been able to withdraw in the past. Buying your own mining hardware still will get you more profits even if you are in a country with an expensive electricity, these cloud mining sites still have hidden fees and don't disclose the pool their mining with and you don't own more unless you do referrals. Anyway - wish you the best in your investment strategy of buy and hold because clearly that works. They kept storing in my account as the fees was more than the return. Boost your auromine power strategy https: Thoughs about cloud mining, buying hash power on webs like hashflare, etc So I end up with 1. That is so simple game theory Your logic does not add up. I bought a couple hundreds he bought a couple of thousands in the 40ish area. My contact from Reddit had contacted them recently, asking them to explain how his payouts were calculated, and all he got back was a form letter six days later. Come back in six months and tell me about your investment then. As such, it is more resistant to wild inflation and corrupt banks. Is it worth it? I know and acknowledged that "cloud mining schemes are scams" is the party line in this subreddit, and only shared my experience, along with the disclaimer that I have no proof it isn't a Ponzi scheme Then understand what the blockchain is, how it's calculated and how the payments are derrived from the proof of work algorithms. CoinMarketCap - Most comprehensive list of cryptocurrencies market caps. Log in or sign up in seconds. Bitcoin subscribe unsubscribe , readers 10, users here now Bitcoin is the currency of the Internet: Submit a new link. Not gonna name the service but it did work.