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[vinaya]

Based on my experience, I will say it is not a good idea to invest in bitcoin mining sites. I once invested on a bitcoin mining site and I lost money. I tried this site after doing a lot of research. The site was #2 on Google. I tried this program because I was given100 hash power free. After mining with this power, I invested $20 worth bitcoins. I was encouraged to invest more when I saw earning accumulated. sadly, the program was shut down before I could withdraw.

 

[svensei]

I haven't invested any money into a mining site of any kind, but even just using some faucets (even some that have been around for > 1 year) and free games there have been ones that shut down before I could withdraw - and that's just in the last few weeks. I would definitely second OP's opinion and recommend NOT actually putting any of your own money into these kinds of sites because you have no guarantee it'll stick around for long enough to get a return on your investment as you've discovered.

 

[kicktracer011]

This is the bitcoin forum not the HYIP forum.

Cloudminers have nothing to do with bitcoin and are just a scam that you can buy using bitcoin or other coins.

Go here if you want to gamble https://www.beermoneyforum.com/forums/hyips-reviews.31/

If you want to buy legit BTC cloudmining there are a few out there but you wont get much with $20, plus the risk always remains they just quit.

One tip, if its too good to be true it is.

 

[tusziget]

I think it is not recommended to invest your Bitcoins,better keep it in your wallet.You can mine Bitcoins or you can buy cryptocurrencies,but to invest Bitcoins in hyip sites it is not recommended.There is some chance to make profit from it,but there is no guarantee at all.

 

[bloggersjoy]

Those mining sites that promise to pay high return on investment are actually fraud. I have lost my bitcoins with a mining site 4 years back.

 

[tusziget]

What do you mean by that?You had to invest Bitcoins to earn from the mining sites,or they didn't sent you the Bitcoins,which you have earned with mining?I didn't know,that mining sites ca be fraud.I was thinking that the only disadvantage about the mining sites are the cost involved,when you are mining...

 

[Kranthi]

You can invest in them , these are called cloud mining :) not HYIP sites , they have no mining equipment , before you buy, search the real cloud mining sites , some of them are Eobot (easy to use ) Nice Hash (typical ) Genisis mining , Hashflair ( minimum payout 0.05 ) these are real mining companies , you can buy yearly contracts , check the ROI before you buy

 

[tusziget]

I am aware,what hyip sites are.I have invested in some of them longer time ago,even in Bitcoins,though I have always managed to withdraw my earnings with some profit.After a time I have realized,it is too risky investing in hyip sites,and I don't invested there any more.

 

[tootsie]

Im not good with investing. We work hard for our money on these sites. Why risk it? I will never invest my earning anywhere.

 

[Mbwolf]

I don't like mining sites
it's like to put your money on site to grow it but you can't have control of it until you reach the minimum amount to cashout
you can invest bitcoin in Forex sites
Buy and sell
easy to learn and you can earn more

 

[Eindhart]

The only cloud mining I invested is NiceHash. You can buy the hash power with and use it to mine on your favourite mining pool. Worth to try if you know how it works.

For example, buy when the price is dropped, when price has rise buy hash power for mining or other coins.

You can check the stats on your targeted pools, the hash power is really delivered.

Never buy cloud mining that worked like Hyip, all of them is scam.

 

[tusziget]

I think investing in Bitcoin mining sites is nit a good idea.I have read many reviews about it, and mostly the people,who did Bitcoin mining were not content with the gained profit.

 

[Cryptoearner98]

I lost 0.005 BTC in cloud mining when BTC was 10K+ but I noticed something new cloud mining sites pay for 15-20 days means 11 day ROI and profit for next days. Its your choice. But cloud mining is risky.

 

[Stoffy]

I never had the guts to try it. I have read so many horror stories online about lost profit and scams.
I keep to the simple tasks when it comes til earning btc. Surveys, ptc, faucet and interest rates from crypto sites.

Good earnings :)

 

[tusziget]

Looks that you already have experience in Bitcoin mining sites.Can you give us some info how much do you invested in mining cryptocurrencies and how much was the profit earned from it?

 

[pinoyclicker]

I had invest some of my bitcoins in a faucet and had lost all my earned satoshi because of the betting game that they have. I am not going to invest again. Will just focus on the trading where you can get a lot of profits.

 

[Balint098]

Most cloud mining sites are outright scam. Avoid them at all cost. Maybe, Genesis mining is the only cloud miner that legit. But then again if Bitcoin price slumped they will cut off your contract just like that. It also has risk. Crypto trading is good for those who can predict the market.

 

[pinoyclicker]

Most cloud mining sites are outright scam. Avoid them at all cost. Maybe, Genesis mining is the only cloud miner that legit. But then again if Bitcoin price slumped they will cut off your contract just like that. It also has risk. Crypto trading is good for those who can predict the market.

Are you into trading or mining?

 

[tusziget]

You are absolutely right about it.I have read the same info about mining sites,and that Genesis is the most trusted.I would like to start trading,but I do not have the courage,there are so huge fluctuations of the price of the Bitcoin,that his price cannot be predicted for the following weeks or even months.

 

[pinoyclicker]

You are absolutely right about it.I have read the same info about mining sites,and that Genesis is the most trusted.I would like to start trading,but I do not have the courage,there are so huge fluctuations of the price of the Bitcoin,that his price cannot be predicted for the following weeks or even months.

Me I started trading but only in small amounts. I am afraid to lose all my money if I start big. In my first transaction I earned a few bucks but hopefully I will hit a good trade that will give me a lot of profits. In my case, I am using a beta phase trading platform in our country. The big trading platform needs a big minimum amount in order to trade so I opt for the newer platforms with less minimum amount required.