Trusting cloud mining sites

[Kate]

Heya stakers , 

I wanted to ask you all. What makes you trust a mining site or cloud mining site ? 

For me its the number of years they have been online and the reviews in different sites and their payment proofs and no deposit problems by anyone. 

So guys what are the things that makes you trust a mining or cloud mining site ?

[happyfunny1992]

hello there

[Kate]

3 minutes ago, happyfunny1992 said:

hello there

Hi lol. Do you trust any cloud mining sites or like do you have ?

[Megalith07]

I never trusted mining sites and never will because most of them are just to raise funds for them and after that they scammed the investors and if you are that much interested in mining why not to buy mining hardware like mining rig or even antminer to mine coin that you want to.

[Kate]

3 hours ago, Megalith07 said:

I never trusted mining sites and never will because most of them are just to raise funds for them and after that they scammed the investors and if you are that much interested in mining why not to buy mining hardware like mining rig or even antminer to mine coin that you want to.

Genesis mining eobot running for many years and till now no scam 

[CherryMine]

I recommend Genesis

[cryptowolf]

Well, I’m certainly agree that it’s important to read some reviews about each resource which you’re aimed to use. As for cloud mining services, I can trust only those sites, which are listed in some tops (I mean informative pieces like this one http://miningtop10.com/ ) Such rule may be used for any cryptorelated activity: wanna choose exchange – read reviews about different ones; wanna choose a wallet - read reviews and so on. 

[KinAniK]

I looking for the exact trust factor, you told us above. And by checking all these trust factor, I bought mining contract on minergate 

[Kate]

16 hours ago, KinAniK said:

I looking for the exact trust factor, you told us above. And by checking all these trust factor, I bought mining contract on minergate 

oh which mining contract ? and hash rate ? 

[Timvz]

I thought all cloud mining sites are just scams? I mean they let you mine, but if you will calc now how much you earn you will calc on the difficulty from now. In 1 year the difficulty is much higher and you wont earn what you expected right..?

[KinAniK]

44 minutes ago, Kate said:

oh which mining contract ? and hash rate ? 

BTC mining contract, hash rate is 0.00044880 btc / 20.00 GH/s

[Kate]

On 8/23/2018 at 12:31 PM, KinAniK said:

BTC mining contract, hash rate is 0.00044880 btc / 20.00 GH/s

Oh nice thats not too bad how much did you pay ? 

[Pandarian]

Reviews

Years online

Whois Data

Proof of Real Mining

Not paying unrealistic profits like HYIP.

Site uniqueness

[Kate]

On 8/23/2018 at 12:31 PM, KinAniK said:

BTC mining contract, hash rate is 0.00044880 btc / 20.00 GH/s

I bought one and wtf is the return ? 100 sats and its just for 2 days lol worst investment 

[KinAniK]

15 minutes ago, Kate said:

I bought one and wtf is the return ? 100 sats and its just for 2 days lol worst investment 

 

I bought 1550.9576 GH/s hashpower, almost 10k sat daily and its for lifetime tho

[kurian]

I never trust cloud mining sites. I don't think it's profitable. Number of years and reviews doesn't count. It could get shut down any time. So, at the end early birds would get lucky others would lose.

[SovietDoggo]

I don't trust them, I like to mine myself.

[Kate]

On 8/27/2018 at 1:07 PM, SovietDoggo said:

I don't trust them, I like to mine myself.

Well that would cost a lot imo

On 8/27/2018 at 1:05 PM, kurian said:

I never trust cloud mining sites. I don't think it's profitable. Number of years and reviews doesn't count. It could get shut down any time. So, at the end early birds would get lucky others would lose.

Umm yeah true but until then make some money of it  

[kurian]

5 hours ago, Kate said:

Well that would cost a lot imo

Umm yeah true but until then make some money of it  

The real problem is we don't know when that "until then" going to happen..😄

[Shaniqua]

my gut tells me never to trust them....                                                                                                  
my reasoning is... if they are selling my minding power.. why dont they just mine with the power themselves? 
how can they make more money or money in general if they rent out space to me and pay for costs themselves..
idk it idoesnt make much sense to me                                                                                                                                                                    

[Kate]

23 hours ago, kurian said:

The real problem is we don't know when that "until then" going to happen..😄

Well just invest small amounts  

[Fernando Guar]

 

I'm interested in the post I think here I can find good reliable sites to grow my money

[harryjosh]

Based on current mining difficulty and Bitcoin price includes a daily fee for cloud mining. Mining difficulty increases 5% every 2 weeks on average and varies with the global hash-rate.  If you're looking how to mine crypto https://cryptolinks.com/cryptocurrency-mining here's a lot Crypto mining market category which would be helpful for you. 

[Etude]

I would definitely NOT invest a substantial amount into a cloudmining site as most if not all works along the Ponzi system where they use new depositors money to pay the old customers and then one day boom, they exit scam as most do.

[lolland2k]

i don't invest in cloudmining sites. one site scammed me. I dont trust cloudmining