I agree with the above comments. I have used about 30 different cloud mining sites and I have run into so many scams. A few things they seem to have in common are just the things this site is offering
Free 50 GHS (Lifetime)
Investment Bonus
No Difficulty Increase = Stable payouts
No Maintenance Fee
I would invest in well-known cloud mining companies. Genesis Mining, Hashflare, ViaBTC, Hashnest and Hashing24 seems legit to me. Remember that during 2017 it was better to hold the coin than invest in cloud mining. However, this will probably not always be true.
I created www.allcloudminers.com to try to separate legit cloud mining companies from Ponzi Schemes. I was so tired of them after I had run into about 30 of them.
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Re: Cloud mining does not make any financial sense?
by
allcloudminers
on 16/11/2017, 06:32:11 UTC
I agree that Bitcoin was a better investment than cloud mining during 2017. But I think there was almost no investment that was better than Bitcoin during 2017.
If you bought cloud mining contracts for USD in the beginning of 2017 you would have been profitable but not if you bought them for BTC.
I think cloud mining is as best when the coin price is stable and new miners don´t have enough attraction to start mining the coin since the start capital is too big.
At Allcloudminers we publish the results from our own cloud mining contracts continuously. We also try as good as we can to sort out the legit cloud mining companies from the Ponzi Schemes.
If you want to buy and hold but you dont know what cryptocurrency to buy I would go for eToro Crypto CopyFund. They invest in all cryptocurrencies with a marketcap over 5%. They also invest proportional. That means if Bitcoin has 80% of the marketcap they invest 80% in Bitcoin. They allocate once a month.
This is good in long-term since if a cryptocurrency goes up they long-term they allocate once a month to buy more of that cryptocurrency. The opposite is also true.
I have not tested it myself but they publish the result on their site.
You need to diversify. Your first proposal was OK. Maybe if you are looking into other altcoins with different techniques I can suggest Ripple and Dash also.
But dont invest all your savings. And one good thing to do is not to invest everything at one occasion. If you are about to invest $10.000 you can decide to invest $3.333 the first every month for three months instead. This will lower you risk!
eToro have launched an interesting Crypto Fund that will automatically invest in the largest cryptocurrencies and relocate once every month. I havent tried it myself but you can read about it here.
I would go for Genesis Mining. Other platforms that are worth comparing are Hashflare, ViaBTC and Hashing24. Note that if you believe the Bitcoin price will continue to rise as in 2017, cloud mining is probably not a good investment compare to Bitcoin.
If you believe the price will decrease or stabilize cloud mining can be a good investment.
Read more about risks, payouts and compare reviews from cloud mining services at www.allcloudminers.com
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Re: Cloud Mining - Legit or not?
by
allcloudminers
on 30/10/2017, 05:47:56 UTC
Genesis Mining is a legit cloud mining company. It´s probably the largest and most transparent cloud mining operator as well.
During 2017 it would have be a better investment to just hold Bitcoin. However, I think there is no investment form that actually was better than just hold Bitcoin during 2017.
Cloud Mining is a probably as best when the Bitcoin price is stable.
Read more about cloud mining reviews, ROI, payout chart and more at www.allcloudminers.com
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Re: Cloud Mining Scam or legit
by
allcloudminers
on 15/10/2017, 10:20:25 UTC
There are many cloud mining scams out there. Dont invest in new cloud mining companies that guarantee you a certain profit per day. Also, be careful when they give away free cloud mining power. Genesis Mining, Hashflare, Hashing24, Hashnest, Minergate are examples of legit cloud mining companies.
HI there are definitely more cloud mining companies out there:
Hashnest: Part of Bitmain Hashing24: Collaboration with Minergate and Bitfury ViaBTC: Currently sold out (2017-10-10) Eobot: Very expensive contracts Pow8: Very confusing homepage BW: OK cloud mining but also confusing homepage
Read more about cloud mining companies at Allcloudminers. Don´t invest in new cloud mining companies with a guaranteed profit. Allcloudminers publish ROI, payout charts, profitability calculations and much more.
Read review, risks and calculations before you consider to invest a large amount. Start with small investment and increase your investment to minimize risk.
For Hashflare promo code and Hashing24 promo code and other cloud mining reviews and profitability calculations see:
Both have operated a long time. Genesis Mining seems to be a legit cloud mining company. People have different opinions about Hashflare. However, at Allcloudminers there are calculations published from all contracts from both Genesis Mining and Hashflare. Also, read complete reviews.
Re: Looking to purchase my first bit coin, need advice
by
allcloudminers
on 18/02/2017, 07:26:17 UTC
Bitstamp is a good place to buy the first Bitcoin. Very trustful place and very low prices.
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Re: How do you keep your bitcoins?
by
allcloudminers
on 18/02/2017, 07:24:49 UTC
There is no site that is 100 % secure. If you just want to store Bitcoin Xapo is probably the most secure. If you want a trading platform Kraken is probably the most secure. However, the interface of Kraken is not very nice. You can also read about hardware wallets, I have no experience of them.
I store my Bitcoin at different online wallets to spread the risk. I have experienced Mt Gox, Bitfinex and Bter hack/shotdowns. If you want to read more about different online Bitcoin exchanges you can visit www.cryptocoinzone.com
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Re: Best trading places
by
allcloudminers
on 16/02/2017, 06:34:43 UTC
If you are looking for leverage trading check out BitMex or Bitfinex. Other famous trading platforms are Bitstamp, Quoine and Poloniex.
You can read more about these trading companies and other Bitcoin trading tools at www.cryptocointrade.com
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Re: Scam indicators?
by
allcloudminers
on 09/02/2017, 16:26:09 UTC
For general Bitcoin Scam advice You can always check badbitcoin.org. Also, there are sites like scamadvisor.com and similar.
Earning free Bitcoin is quite hard. There are many different ways but you must spend a lot of time to receive a few dollars. There are Paid surveys, Bitcoin faucets and Paid to Click services and more. You can also find other ways to earn free Bitcoin such as free cloud mining, get paid to read books, get paid to to quiz and so on.