Quote from: ra1ders on May 29, 2017, 04:17:11 PM

I'm newbie here,Are there any legit bitcoin mining company or basically most of them are just scam.

I bought a mining contract with bit club network.A lot of people promote it because the affiliate marketing program they offer has the potential for passive income but I'm not doing that.

I invested $1500 US worth of bitcoin into the contract in November 2016 and today I've just about broken even with two years left on the contract. I should say however that the only reason I'm about even now is because both Bitcoin and Ethereum have seen dramatic jumps in price since I started with the contract.

If not for that I'd probably be down 70% or more. Since I bought the contract for three years and I've broken even I'm going to stick with it, especially because I've already spent the money.

That said I think most serious mining opportunities don't allow the general public to take a share. If you were making lots of money mining you wouldn't need to give anybody else the profit.If I would have spent my $1500 buying bitcoin or ether instead of the mining contract, I could have as much as $50,000 right now, so you have to consider The cost of taking an opportunity.

I can also say however that I don't regret it because I was brand-new to bitcoin in terms of actually owning some and there's no way I would have known about Ethereum's value when I started, Both in terms of what it offers technologically and the fact that the prices jumped thousands of percentage points this year.

Hope that helps!

jchoros

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