Bitcoin cloud mining reddit.
Mining bitcoin is not really worth it with a computer.
Bitcoin cloud mining reddit Cloud mining will ALWAYS be a scam, if they make so much money doing their own mining, why do they need you? Even regular mining isn’t even really worth it, Cloud mining is a service that allows individuals to rent processing power from remote data centers to mine cryptocurrency without managing physical hardware. ( im not an expert ) but I think when it comes to bitcoin mining, the whole point of having mining is to mine obviously, but also to get an ROI on your investment as quick as possible because mining rigs are stupid expensive. It's because if someone gets access to someone else's cloud credentials, this is a really common way to try and turn those credentials into a quick buck (spending $100,000 mining $1,000 is just fine when the victim pays the $100,000). For comparison, the threshold for entering self-mining starts at $3000. 06 per KWh, unplug your ASIC miner and sell it -- it's cheaper to buy bitcoin than operate a bitcoin mining rig. Please keep in mind that I’m a total noob in crypto mining, just looking for somewhere to invest my cash as I don’t like having it on my account losing value. No total coin production limit has been set. But if i make a SUPER DUPER CLOUD MINING PLATFORM, advertise well and hide some pitfalls then I can imagine the third variant: 3. Ive also invested into Trust Cloud Mining Im on the Pro Plan so i haven't been able to do any withdraws till the end of my contract Ive researched the company pretty hard they can be found and accredited by a lot of verifiable or notable sources but this is the first post I've seen of another user who has made money or profited with their site. Been looking into possibly mine crypto for a while and due to low income I was wondering if cloud mining would actually be viable, I’m currently looking at IQ Mining and the monthly income for a year contract on their most basic option seems ok to me as any extra $ will help me tons, the thing is, has anyone here ever tri Get the Reddit app Scan this QR code to download the app now. Cloud mining is just a scheme to take advantage of naive people in the bitcoin space. *Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. The official bitcoin mining forum / subreddit / chat room / place to be! This is not cloud mining is co location. Give up on cloud mining they are almost always scams. As a noob to cloud mining, I don't have the knowledge or experience. Best Bitcoin Cloud Mining Platforms in 2024. Have you ever asked yourself: if the rented hash rate is worth its money, why does it get lent in the first place? Why does the hash Granted, infuriated cloud miners took to Twitter and Reddit right away. The most amazing place on reddit! A subreddit for sharing New site that is a combination of faucet and cloud mining concepts, like a game. I've already tested it and it's a legitmate bitcoin cloud mining rig that pays out without any problems. Q - Do I need a wallet to use Genesis Mining? A - Not at first, without a wallet listed on your account the coins just continue to accrue in the Genesis wallet system until you list a wallet. Here's what I learned after buying an Asic. All three have so far returned a profit of varying degrees and I have taken out withdrawals successfully. For more information or to start cloud mining today, https://supminer. So back in 2018 I was getting into bitcoin and discovered what they called cloud mining. The company was launched in 2012 and has surged in popularity to support over 200,000 users monthly. They are associated to Bitmain, a chinese company that develops and produces bitcoin miners. The company provides an excellent opportunity to invest in bitcoin mining from $49. com Visa Card — the world’s most widely available crypto card, The only thing that makes cloud mining look profitable is the rapid increase in bitcoin price outpacing the deployment of new mining hardware. Most of the cloud miners I looked at came from youtube or internet review recommendations. People can mine bitcoins by getting connected with cloud mining r/Bitcoin • Bitcoin reached new all time high against Argentinian Pesos, Turkish Lyra and Venezuelan Bolívar Fuerte. There's other things that aren't specifically "mining", they're incremental data handling sites that pay off in pennies (literally) for you letting the collect data or process data using your internet connection Greetings, Your post has been flagged as a redundant question in r/bitcoin. Users will not need to install and directly run the hardware and related software and leave it all to the Bitcoin cloud mining platforms have become a popular alternative to traditional cryptocurrency mining, allowing users to mine Bitcoin without investing in expensive hardware or dealing with the technical challenges of setting up a Hi everyone, I need a cloud mining service that is reliable, safe, and actually pays out. The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Here are some proof-of-work cryptocurrencies with a significant cloud mining market: Bitcoin (BTC): The most well-known and valuable cryptocurrency, Bitcoin mining offers substantial rewards but is also highly competitive. Most of the time, these places lie somewhere between sketchy and outright scam. Hashing24 – Excellent Bitcoin Cloud Mining Platform. ), and it is considered a business expense that you can deduct. [Google Drive/Docs url]” Also bitcoin mining in general is not going to be profitable for very long for anyone unless you have crazy cheap energy rates or are innovating with heat reuse tech, demand response, flared gas based mining,etc. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. CGMining. The technicalities of blockchain, like its public ledger and Proof It's the newbies unfortunately who get drawn into those shit DOGE Asics. Use B5OD8 as your referral code. New site that is a combination of faucet and cloud mining concepts, like a game. A major cloud mining service terminates Bitcoin contracts, stripping users of yearly fees. post I've seen on Reddit. In the following sections, we are going to take a closer look at the best cloud crypto mining offerings on the market and explore different avenues through which users can secure Proof-of-Work (PoW) networks via cloud services in exchange for mining rewards. 25 (So net gain per I know there are alot of scam cloud mining companies out there but since you guys have been in this cloud mining reddit for so long. Verträge: 12 Monate Cloud Mining; 8) ccgmining. Ever since last Monday, I've received 5 emails from Google Notifications about Bitcoin mining. Hot Wheels on reddit! Reddit's dedicated Hot Wheels section, welcoming all forms of die-cast, not just Hot Wheels. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier I just now received the email about "364 days ago, you registered on our platform for automatic cloud Bitcoin mining (collecting) by linking your devices to our platform by IP address. Cloud mining is the process of “mining from afar”; Instead of buying a Bitcoin miner, storing it, configuring it, and cooling it (which costs a lot of money and consumes time), you “rent” a miner and have someone run it for you. 25 bitcoins. High risk on top Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. SUP Miner is a powerful platform for both beginners and experienced users who want to mine Bitcoin, Ethereum, and other popular cryptocurrencies without owning expensive hardware. Starting June 15, users that are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining services and purchase hashrates for the same. Edit: I realized that you don’t know Choose the contract size, purchase it, and the mining is automatically started, and you start earning to your Bitcoin wallet. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations. Once you have mined a small amount, go through the process Bitcoin cloud mining returns in Canada - indicative returns for a given time period. Insgesamt solide Pakete und sehr gute Kryptowährungen zur Auswahl. Plus you're mining DOGE. S-listed bitcoin mining operation Bitdeer booked a gross profit of $10. Crypto insights, education, and blog talk Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. MasHash offers a $50 free Bitcoin mining bonus. Or check it out in the app stores The official bitcoin mining forum / subreddit / chat room / place to be! ADMIN MOD 10 Best Cloud Mining Sites In 2023 . Easiest way to lose your hard earned btc. But let's be realistic - the high profit under the contract provided the growth of bitcoin, and not the ecos itself. Old. Most of them had accusations of fraud, misrepresentation, or incompetence of some sort. Interested in Bitcoin Cloud Mining? Join the Binance Crypto Mining Pool today or sign up for crypto staking products to earn rewards with cryptocurrency. Zeligz Cloud Mining Script helps you to easily create, manage and run your website as it offers the best combination of the latest features, security patches, and customization improvements. Or check it out in the app stores I read several blog posts discouraging cloud mining, but I think that was before this **so when I brought the cloud mining, the entry price is meant to pay for your share of the "hardware", and each day that it mines, they take out a profit, and costs for everything, and I Kucoin Cloud Mining, auto calculate your crypto earnings - Reddit true The only thing that makes cloud mining look profitable is the rapid increase in bitcoin price outpacing the deployment of new mining hardware. S. EST on trading volume that plunged almost 20%. Or check it out in the app stores The official bitcoin mining forum / subreddit / chat room / place to be! Lots of cloud mining sold yearly contracts that I’ve seen in the past and that’s crap. Bitcoin Mining Difficulty: Think of Bitcoin mining like a Make sure you fully understand what a wallet is, what kind of wallet options are available, and which one works best for you. I remember seeing that most graphic cards will last about 2 years of mining 24/7, if untouched your gaming PC could last much longer. Under the best of circumstances, cloud mining is a good way to underperform the market. subscribers . You can have the payments directed to an exchange but I would suggests against that if you are not immediately selling the coin upon each payment. that includes cloud mining. My main criticism about cloud all cloud mining is scam. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central I've been looking into the history of mining profitability using a chart I couldn't find a time where you could make more than $5 a day using regular laptops. Learn how to avoid to bad ones and pic the best Bitcoin cloud mining platforms in No just be careful lots of cloud mining scams out there. Best Bitcoin cloud mining platforms in 2023: BitFuFu – The best Bitcoin cloud mining platform overall; Binance – BTC cloud mining offering by the world’s leading exchange; Slo Mining – An easy-to-use cloud mining service; ECOS – Mining company with a dedicated cloud-based solution; TopHash – Great choice for beginners; GoMining – A unique GMT-powered Frequently Asked Questions About Bitcoin Mining Scams. Cloud mining is a mechanism to mine bitcoin, using rented cloud computing power. But mining rigs run ridiculous wattage. My advice? Don't try I have heard quite a bit about cloud mining but from the research I have done, it appears that a lot of Cloud mining operations are scams or dodgy and people are quite divided in regards to Get the Reddit app Scan this QR code to download the app now. However, cloud mining comes with its own set of risks, which can be mitigated with diligent research and decision-making. There are ponzi scams, bitcoin doublers, bitcoin 'investing', and there's cloud mining. com. If you only have a few hundred dollars ViaBTC cloud mining is the only cloud mining option that is worth a damn. google cloud mining scam to learn more. After electricity and maintenance costs, you’ll be lucky to break even. Q&A. If flair is wrong I’ll edit. The fastest cloud mining contract that will give you 1BTC mined be one of our subscription called PACMiC, however, it will cost you 1BTC and takes about 100-120 days to gain 1BTC and 0. cex. 💡 Curious about Cloud Mining? Unearth the secrets of this lucrative crypto trend! 💰Discover different types, learn which cryptos you can mine, and calculate your profits when you join the crypto mining revolution. Bitcoin mining scams are on the rise, tricking cryptocurrency investors with fake promises of passive income through cloud mining. They invest 500 USD , cloud mining company pays back 300 USd of BTC over the next year , but because Bitcoin appreciated in value that BTC is now worth 800 dollars and the client is happy because they don't have the know how to compare what that investment would be worth if they simply sat on it and waited for their bitcoin to appreciate in value. Chào mừng bạn đến với Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Here are our Most cloud mining is a scam. Better invest in the crypto itself. ADMIN MOD Cloud mining potential . Anything else that is deemed scammy will be removed. For your own safety and for the mental well-being of r/bitcoin's noble citizens, a canned response has been pasted below to address your issue(s). The official bitcoin mining forum / subreddit / chat room / place to be! Best. This model significantly shifts the burdens of equipment setup, Lastly, mining bitcoins as a hobby or as a job on cloud servers isn't profitable at all. Also bitcoin mining in general is not going to be profitable for very long for anyone unless you have crazy cheap energy rates or are innovating with heat reuse tech, demand response, flared gas based mining,etc. Mining is the backbone of all proof-of-work blockchains and can be described with three key concepts: MORE: Bitcoin mining profit calculator Bitcoin Block Reward. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Can anyone recommend one, even if it's a paid service? As mentioned above, there's no Bitcoin cloud mining is an attractive proposition, but is it actually worth it? Discover the best Bitcoin cloud mining platforms for 2024 and learn how to protect yourself from cloud mining scams. Zenhashes appears the most Welcome to r/cloudmining! This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. As long as Bitcoin is being deposited to your account it’s profitable. Some operations actually have hardware running, but others just pretend that they do, and pay out based on a calculation of what that hardware would do if it were actually runningaka a ponzi scheme. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. What I am alluding to is the fact that increased difficulty could (and eventually will) negate "more hash rate power. I work for a North American BTC mining company Cloud mining is a method to mine cryptocurrencies by leasing equipment or renting computing power from data centers. Cloud mining just takes so much effort for the amount you receive not to Cloud mining might seem like a great idea, where you instead of buying expensive mining hardware and set it up, you purchase some mining power for a certain period of time; doing so generates a cash-flow of profit of earnings minus electricity cost deducted by the provider. Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. 'Scam Cloud mining is a transformative approach that allows individuals to mine cryptocurrencies, such as Bitcoin, without the upfront investment in hardware. There are a number of mining contracts to choose from, though the availability of said contracts depends on demand. The only thing that makes cloud mining look profitable is the rapid increase in bitcoin price outpacing the deployment of new mining hardware. Or check it out in the app stores Takes . A well written post will be approved right away. The official bitcoin mining forum / subreddit / chat room / place to be! Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. During your absence, an amount of 0. You were not active in your personal account, but the collection of cryptocurrency occurred automatically from your device. The site is controlled by a few whales pumping and dumping all day long. With its help, you will learn the potential income from cryptocurrency Q - Do I need a wallet to use Genesis Mining? A - Not at first, without a wallet listed on your account the coins just continue to accrue in the Genesis wallet system until you list a wallet. Reply More posts from r/BitcoinMining. 5 days to send bitcoin to other wallet As a note if u pay more for a package the credit I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into Your always making a profit. ESP32 is a series of low cost, low power system on a chip microcontrollers with integrated Wi-Fi and dual-mode Bluetooth. The Bitcoin price has dropped a fraction in the past 24 hours to trade at $51,290 as of 1:40 a. I work for a North American BTC mining company Zeligz Webstore offers a solution for building the cloud mining platform for Bitcoin, Dog Coin, Etherium, Litecoin, etc. You are better off putting a pre-order in on mining equipment. Use Reddit's search feature too, because odds are your question has already been asked before. Don't try to get smart, don't try to get fancy. 03 or so BTC in bonus. 1. The real way to actually make money is to simply buy and hold. Crypto. In other words, cloud mining made the Bitcoin earning process most efficient with the help of optimizing the mining hardware, taking advantage of the local climate, as well as using sources of renewable energy. One way I utilize Monero mining is viewing it a leveraging latent processing power. All you pay for is power however there's an option to reinvest your earned bitcoin to maximize your profits. Lastly, mining bitcoins as a hobby or as a job on cloud servers isn't profitable at all. You can mine based on Hash algorithms SHA 256, Scrypt , ET-HASH (Ethereum), X-11(DASH) and EquiHASH (ZEC). Mostly it was around a dollar or Mining Profit Calculator is an app for calculating the profit received from the rental of hashing power for mining Bitcoin. Reply reply Top 1% Rank by size Just type in cloud mining in the search bar to read stories from hundreds of people who have lost much of their initial investment by the end of their cloud mining contracts. Hey everyone, just want to share what I've learned since buying an bitmain s19. 4. This method allows you to potentially make cloud mining profitable by: Renting mining power from cloud mining companies, thus avoiding personal investment in hardware and maintenance In this subreddit we gather and focus on all the opportunities that exist around the world to earn some money online. (NASDAQ: FUFU, FUFU. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central That said, cloud mining is rarely profitable. Hosted Mining Hosted mining is a type of bitcoin cloud mining where the FYI, I just did a deep dive on this scam and reported my results in: Scam explanation: e-mail says you have a valuable “cloud Bitcoin mining” account that's about to be deleted The OP’s e-mail’s text - for search: “364 days ago, you Bitcoin mining is analogous to the mining of gold, but its digital form. This cryptocurrency is mainly used to tip Reddit and Twitter content creators and its mining can be done with CPU and GPU devices, with the Scrypt protocol. You'll have instant BTC and you can try out cloud mining to see if its worth it. At this point, mining is a pointless venture for most individuals. The process involves specialized computers solving algorithmic equations or hash functions. BitLaunch provides cloud hosting from DigitalOcean, Vultr, and Linode payable with cryptocurrencies like Bitcoin, Litecoin, Ethereum and more - with instant provisioning and hourly Billing. Cloud mining has come a long way, transforming crypto mining from a tech-savvy hustle to an accessible venture for Bitcoin cloud mining is a popular solution, but there are plenty of disreputable sites out there. A sizeable group of people who suspected HashFlare of being a scam finally had the chance to savor Best Bitcoin Cloud Mining Platforms: Closing Thoughts. It offers a more accessible avenue to mining, eliminating hardware In this article, we’ll explore the top crypto cloud mining platforms in today’s market and examine their key features, helping you determine which option best meets your needs. Compare these platforms to find the best fit for your GDMining offers free cloud mining contracts, allowing users to easily participate in cryptocurrency mining and take full advantage of Bitcoin appreciation. Region capacity issues — demand for cloud GPUs is consistently high thanks to both crypto mining and AI-related usage. In turn there is often no spare capacity for spot instances. They say that 364 days ago (all of them say exactly 364 days, even the one from last week) I registered to an automatic Bitcoin cloud mining service and I've Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Bitcoin cloud mining returns in Canada - indicative returns for a given time period. com and other sites mostly had specials on "opening" an account with them, I think I had a $25 "free" deposit with opening with them and just holding onto the coin received. r/CryptoEducationHub. Posted by u/devanslater - 7 votes and 23 comments I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into my BTC wallet the more you invest the more you make, you can upgrade your NFT by 2 ways you can upgrade your TH, which is the power your miner has,same way as like a real miner would Hello! I'm really new to this cryptocurrency stuff and just read a lot about HashFlare, other Cloud mIning-sites and people making tons of money with them. Once the deployment of new miners catches up (or passes) bitcoin price increase rates, and/or the price plateaus or pulls back, anyone on a cloud mining contract will get slaughtered. All of the clouds will pretty much immediately ban you and likely will lock you Amazon or Google account while they're at it. Your GH will lose value faster than you will btc mining. ; NiceHash – Allows users to buy hashing power on demand, making it ideal for professionals who need flexibility. If I use the cloud for mining bitcoin ,how much could I earn and how much will be my cost? Any ideas how to do this for Yes. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. The catch is they became so popular there is now a ten miner minimum. 5K subscribers in the cloudmining community. Koindusk. Who cares what the price is in fiat. This thread is archived New comments cannot be posted and votes cannot be cast comments sorted by Best Top New Controversial Q&A More posts from r/personalfinance subscribers ___ongo___gablogian • Reddit . Essentially you would pay for a contract to get X amount of bitcoins from bitcoin miners. Operating a mine yourself only makes sense when you have a lot of capital to invest in equipment or great mining conditions (cheap energy, cheap cooling) or both. If it was a certain 13% profit a day, they wouldn't be selling you the hashpower. Get the Reddit app Scan this QR code to download the app now. This number will reduce to 3. I dont plan on selling so from my comparisons is cheaper to get btc by cloud mining renting hash than spending that money on btc as you get Get the Reddit app Scan this QR code to download the app now. Posted by u/korabdrg - 4 votes and 16 comments I wrote a medium article on my experience with Ecos Am, details about the company and a comparison Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. With a focus on simplicity and efficiency, SUP Miner offers one of the best cloud mining experiences. For a mine operator, yes. com is the best place to buy, sell, and pay with crypto. Click my link below and get started for free with 900 GH/s on signup. 📈🚀 That means cloud mining has to be priced above the amount of money you'd make from cloud mining. Cloud mining is the super passive option where all you have to do is pay for hashrate. You then split whatever profits that miner makes with the service provider. It is cloud "losing". 8/10. a much simpler solution is to simply buy and hold bitcoin itself. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. I am experimenting with three cloud mining platforms. This cryptocurrency is mainly used to tip All in - cloud mining is profitable (for the company selling it) I did a breakdown a couple weeks ago, and ultimately for every dollar in bitcoin you make - you'll lose about $. So all cloud mining does is outsource risk & reward to the cloud mining contract buyers and makes mining a predictable business instead of a gamble. Trust me its better to spread your money to different platforms rather than investing it all in one place. ; ECOS – Provides professional tools, including a fully-fledged ecosystem for miners with large-scale Cloud Mining Options. Controversial. If you have a server running and you are only leveraging say 43% of processing power you could mine with the other say 42%. In 2020, a regular Bitcoin ASIC could solve about 100 trillion hashes per second. This is the Reddit community-run sub for the Pi Network cryptocurrency The official bitcoin mining forum / subreddit / chat room / place to be! This is not cloud mining is co location. I’ve noticed that yeah, even if it’s not really directly related to mining bitcoin, lots of members in the community do both GPU and ASIC mining and can assist the noobs coming in asking, so I don’t want to just delete their discussions already Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. So if you have solar panels, fine. Its a question of efficiency of your profit though. This way you'll learn about setting up your own miner. 2. While it's essential to acknowledge the risks and uncertainties, it provides accessibility by lowering the financial and technical barriers to entry. According to Bitcoin. Cloud Mining in a Nutshell. More posts you may like Related Bitcoin Crypto forward back. You will end up spending more money on cloud hosting than you get in bitcoins. It actually really works, it's the current new way of mining new crypto currency and distribution of airdrops, you can join "bondex origin", a great mining app with lots of potentials. But still, I believe in the growth of bitcoin and I understand that mining it is more profitable than just buying, so I use cloud mining services. Welcome to r/cloudmining! This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. But it is important to pick the right platform to invest in. You are not mining bitcoin, you are selling processing power. Mining bitcoin is not really worth it with a computer. Some companies make big money from cloud mining U. Reselling cloud computing or using it for mining bitcoin use the same skillset and have a similar cost. Discover the benefits, risks, types, and profitability Cloud mining is a method to mine cryptocurrencies by leasing equipment or renting computing power from data centers. 6 million for its cloud mining segment in the latest quarter, the company said in an earnings release on Monday. To compare, a regular desktop computer can only do millions of hashes per second, which is way less powerful. New entries Tophash, X. So a company that will definitely not disappear in a couple of months is a prerequisite for buying a cloud mining contract. National-Jackfruit32 • cloud mining or app mining are both scams Reply reply Top 2% Rank by size . Or check it out in the app stores Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 5 Rating) Ecos, based in Armenia, has built a solid reputation since 2017 as a trusted cloud mining provider. Ecos specializes in Bitcoin mining and offers various long-term contracts, with durations typically extending to 30 months. upvote r/CryptoEducationHub. Or check it out in the app stores TOPICS. Once you have mined a small amount, go through the process of selling some crypto and withdrawing it to a fiat account. As such, it is more resistant to wild inflation and corrupt banks. com the domain was just registered 5/29/21 but they say they been around for 17 years and 1726 accounts? Reply reply Get the Reddit app Scan this QR code to download the app now. Hashing24 is a legally-registered Bitcoin mining service provider based out of Ireland. Think of your contracts as the same as having a cloud Virtual Private Server host (like DigitalOcean, Google Cloud, Amazon Web Services, etc. But there's one thing that bothers me: These guys have a lot of miners and if you give them some money they will basically give you the coins the miners earned. " The longer you mine, the less effective it will be. Referrer code= 782622122 Share Add a Splitting up the problem and data correctly on aws dramatically reduces some of your costs that would be associated with having just a bunch of instances managing the gpus attached to them. Until then, please utilize the resources in the MINING WIKI for additional useful guides and information. In the future, remember to check the sidebar for any basic inquiries you may have. The much wow innovative crypto-currency. Bitcoin Mining 100 GH/s für 10,99 USD. The app is available on playstore and apple. com and GlobaleCrypto are only the most recent in a Lastly, mining bitcoins as a hobby or as a job on cloud servers isn't profitable at all. I chose Hashflare because they are the most trusted cloud mining company operating since 2012. All are scams meant to extract as much money from as many other people as possible. 10 Best Cloud Mining Sites In 2023 As more people become interested in crypto currency, the demand for mining continues to 16 subscribers in the CryptoEducationHub community. CryptoUniverse – Offers affordable plans and is scalable for medium-sized mining operations. * And the fact that website says "How to Mining Bitcoin" and promises 13% profit per day should tell you instantly that it's a scam. 10 Best Cloud Mining Sites In 2023 As more people become interested in crypto currency, the demand for mining continues to The fastest cloud mining contract that will give you 1BTC mined be one of our subscription called PACMiC, however, it will cost you 1BTC and takes about 100-120 days to gain 1BTC and 0. Crypto insights, education, and I just now received the email about "364 days ago, you registered on our platform for automatic cloud Bitcoin mining (collecting) by linking your devices to our platform by IP address. When engaging in a scam, even if you're somehow gaming the system to make a profit, there are 10 other people who lose money. Being operated since 2012, it is one of the oldest BitFuFu, Inc. These problems help miners to confirm blocks of transactions held within the network. SUP Miner – 9. I would get 1 s5, buy a little BTC now, and then invest the rest into a cloud mining service. Here’s a Bitcoin cloud mining is a service offered by certain companies where they rent out their mining hardware to individuals in exchange for a fixed fee and a share of the revenue. Can some of you guys suggest me a legit cloud mining As a versatile Bitcoin cloud mining software, Hashing24 aims to streamline mining with the high-tech mining data centres. Mining other coins is more practical with commodity hardware, but mining bitcoin nowadays requires some serious infrastructure and dedicated hardware. There’s no contract here. Any miner that has held Bitcoin from mining has been Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. No way is this cloud mining. Binance’s BTC mining subscription service will be active for 180 days, or roughly six months. Users will not need to install and directly run the hardware and related software and leave it all to the cloud Bitcoin cloud mining offers an alternative path for those interested in participating in the Bitcoin network without directly managing complex and expensive hardware. Bitcoin Cloud Mining . m. Cloud mining is an effective way to make cloud mining work for mining cryptocurrencies remotely, including bitcoin mining. com Open. Supported Cryptocurrencies: Bitcoin, Ethereum, The official bitcoin mining forum / subreddit / chat room / place to be! Advertisement Coins. com Visa Card — the world’s most widely available crypto card, Get the Reddit app Scan this QR code to download the app now. This is the global dual-language Reddit home of the country Vietnam. (operated by one of the biggest and oldest bitcoin mining manufacturers), and they are very The 5 best Bitcoin cloud mining platforms: Examining top choices in 2024. tax , any mining equipment is considered a business deduction. Welcome to r/cloudmining! This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining Cloud mining is really profitable. The launch of GDMining's new cloud mining plans and affiliate program provides an opportunity for individuals to participate in cryptocurrency mining without the barriers of cost or cØûÈԤ ÐásÞ Ó ¿Ê'‰h¹ ³’orZdÞ1Flò- >™œ Êž{+JS ÿ]@ –o´@aõÊ|B´0«øf,ðµ2ŸÈKý–9/w qm yi ¿¾> ¼X»h Ų`Ò-= í–¡ÑÛ ¦Œ« DŠÊ°n9 ØÈ íªÙš ¨;L©@×k(Hÿ%§á Ó°G]Â,LWÀ2p†A 0‚ ¸ÊMÌhi غzúåwÁšìÛ•ýa 1ãE Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Tech-farmminers. So if you have been a victim of this investor scammers or Bitcoin scams, contact this Programmers, #reclaim_assest for help,On instagram Ofcourse they charged me for the service but the joy is I got my money Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Cloud Mining: Everything You Should Know . HelloSafe cannot guarantee these returns when investing. It allows users Comparing Bitcoin Cloud Mining Apps, Platforms, and Sites There are many bitcoin cloud mining platforms to choose from, each offering different contracts, hash rates, and fees. The reward (plus transaction fees) are paid to the miner who solved the puzzle first. Bitcoin server mining app . Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central Apparently Reddit doesn't allow to edit image posts, so you'll have to post again: this time, to tell us all the details you can think of, including the text seen in the screenshot. io is a total ripoff. It gets difficult with me being the only active moderator and the amount of posts we get. Share How The Latest SEC Decisions Could Pave The Way For A Bitcoin ETF blog. Or check it out in the app stores The official bitcoin mining forum / subreddit / chat room / place to be! kanchegi. This is exactly what an hedge against inflation do, yet the IMF is discouraging Argentina from adopting Bitcoin with the $45 billion debt deal and a lot of "experts" are still in denial. I would not recommend it for a couple of reasons: It slowly damages your graphic card. It offers a more accessible avenue to mining, eliminating hardware and operational challenges. The ESP32 series employs either a Tensilica Xtensa LX6, Xtensa LX7 or a RiscV processor, and both dual-core and single-core variations are available. That means cloud mining has to be priced above the amount of money you'd make from cloud mining. [Google Drive/Docs url]” Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. The largest subreddit is /r/beermoney and is great if you are an American redditor. The product’s industry prominence, ease of use, and range of options make it particularly valuable Get the Reddit app Scan this QR code to download the app now. Reddit . 29994 Total views . Miners are rewarded with 6. all cloud mining is scam. Or check it out in the app stores AMHASH1 is a cloud mining scheme that has proof of mining and a long track record, plus low maintenance costs and a pretty cheap unit cost. A Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Or check it out in the app stores Waste of time. I think the operation was that they needed help with the electricity costs of running their computers 24/7 to mine the bitcoin and in turn you were given an X amount Let's be honest - mining, including cloud mining, today is not so much a way to make a profitable investment of money, but a way to support an idea that you believe in. Granted, infuriated cloud miners took to Twitter and Reddit right away. View community ranking In the Top 5% of largest communities on Reddit. Users start with 20 GHs SHA-256 cloud mining as a starting bonus and can earn bitcoins proportional to their GHs amount ike a classic cloud mining server. It would be the same for cloud mining contracts. You were previously registered with our cloud mining service Bitcoin Cloud Mining and did not sign in to your account until November 12, 2021. Or check it out in the app stores What Is Bitcoin Cloud Mining And Why Is It Bad? blog. Keep it simple and cloud mine with Block Hunter. 8 million on revenues of $15. It is not as profitable in the longrun but I’d say it is also lower risk in Cloud mining is a mechanism to mine bitcoin, using rented cloud computing power. Genesis Mining is another solid cloud mining option that offers a range of different coin options, like Ethereum, Dash, Monero, and Bitcoin. Mining to accumulate bitcoin is like walking in zigzags, up and down mountains, through quicksand, blindfolded versus walking in a straight line. You are competing against Make sure you fully understand what a wallet is, what kind of wallet options are available, and which one works best for you. WS) is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions such as Cloud Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. You don't have a setup for mining. Man kann hier auch Bitcoin Cash und Monero als Cloud Mining Verträge buchen. Funnier still that most AWS Bitcoin mining demonstrations are of custom software mining on cpus at on-demand pricing. netcoins. You get a guaranteed return vs speculative. There are many free cloud mining sites, but MasHash is the best choice for serious miners. Ask me again in a month and I'll They invest 500 USD , cloud mining company pays back 300 USd of BTC over the next year , but because Bitcoin appreciated in value that BTC is now worth 800 dollars and the client is happy Get the Reddit app Scan this QR code to download the app now. 7495 BTC (bitcoin) was mined using cloud mining Reddit Members, for your safety, never share your Secret Recovery Phrase, email address, contact information, or There are four main types of bitcoin cloud mining services: hosted mining, virtual hosted mining, leased hashing power, and cloud mining pools. If you goal is just to accumilate bitcoin I will save you the dozens or hundreds of hours by telling you to not mine it and just buy bitcoin. Cloud Mining App or is a scam or is not worthed the effort because you are only receiving a part of what you mined. When considering a coin to mine, you have plenty of options. Here's our short list of the best cloud mining sites and platforms: Many cloud mining platforms are available online with varying features, costs, pros, and cons. GHs can be purchased with bitcoins and bonus points which can be earned for every login. reReddit: Top posts of July 2018. Please gain at least 15 comment karma before trying again. My advice? Don't try mining for bitcoins using NiceHash or anything on Google Cloud Platform using the free account which is breaching their Terns of Service. Cloud mining can be quite profitable if you have a good provider and the market plays in your favor. 103K subscribers in the BitcoinMining community. Top. Ecos (9. You don’t have to worry about the maintenance or upfront costs of owning mining hardware; instead, you pay a cloud mining provider for access to their mining setup. If Even "legit" cloud mining companies make no business sense unless they overcharge users in fees or payout less than the investment. This happened long before the creation of Bitcoin Cash. net or any site using that template is a scam. Nexo is the world’s leading regulated digital assets institution. 56 years, if price stays same as today. If bitcoin collapsed down, I would not have received a profit. Just look at the graphs. P. 125 bitcoins after the halving in 2024. Please do NOT message the moderators in regards to this. Der Cloud Bitcoin Mining Anbieter CCG Mining aus London betreibt zwei Mining Anlagen in Polen. Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power without installing and directly running the hardware and related software. View community ranking In the Top 1% of largest communities on Reddit. You’d likely do better DCAing bitcoin directly, though that won’t give you But i've been mining with them for about 9 months already. New. . You want to keep your startup cost to a minimum. If you are wondering whether a mining investment opportunity is legitimate or fraudulent, check out these common questions: What is ECOS Cloud Mining? ECOS is a cloud mining platform that allows you to mine bitcoins without purchasing and maintaining special equipment. If you are not paying too much premium on BTC price, buying the Bitcoin can't be too expensive. If you have 16 grand to spend that is your best option. Can you give any legitimate reason why a mining company would choose to raise capital from thousands of small investors and have to pay the referral fees, marketing, and handle the support overhead vs having one or a few investors Conclusion: Start Free Cloud Mining With MasHash! Choosing the right platform is important for making money in free Bitcoin mining without upfront fees. Once the deployment of new miners This means if you pay more than ~$0. If the company can earn profit mining Bitcoin then why did they sell that hashrate to you in the first place? It’s because they usually mark up the hashrate higher than the actual value of crypto it produces so then they earn even more money off you then just mining with the hashrate to begin with, it’s a win for them and loss for you, the customer. Generally, cloud mining is the easiest way to get involved in the Bitcoin business without doing the hard work or buying the equipment. Internet Culture (Viral) Amazing; Animals & Pets Ultrafast Bitcoin Cloud Mining . Or check it out in the app stores I bought cloud mining more than 13 hours ago but why it’s still “preparing “ Share Some dude from a huge influencer's discord group tried to persuade me to join their get rich quick Bitcoin mining scheme & then tried to shame me into it This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. The ROI for those is minimum 3. wsgcec hse wmol eyxd cfnud nkqn sldt ulfp rxv gdleo