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Keith700

I never liked cloud mining

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Yeah cloud mining actions eventually ends up without getting any profit. Most of cloud mining platforms are eventually truing into the scams. Some sites need payments to increase the hash rate. Just be aware from malicious scamming sites. 


 

 

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dont even think about free cloud mining sites all of them are scam but in fact cloud mining is profitable if you choose right site for investment but unfortunately 90 percent of cloud mining sites are scam and the dont pay you money.

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What about miner hosting? You buy miners and get them run with a company which offers cheap electrcity, daily maintenance, etc.. It's much more profitable than cloud mining. Also, you can resell your miners after the hosting ends. Now I'm hosting my S17+ models with a hosting company Hashmax. I will strongly recommend it if you are interested.

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To many people are saying cloud mining are SCAMS or cloud mining isn't profitable but they don't know mining basics:

- what is mining

- what is mining algorythm

- what is a mining rig

- what is a mining farm

- what is an ASIC

- what hardwares can we use for mining

- ...................

 

Mining and cloud mining is still profitable. Make some research guys.


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Well me too i dont really like this cloud mining because to be real most of them are actually scam. So if you are really into mining then buy rigs or video cards and mine on your own. 

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all of the websites and mobile application s that claim that they mine cryptocurrency, are fake. I have tried a lot of these but unfortunately I didn't get any payment from the websites. They are fully fake.Mining is not profitable. Trading is profitable. Because, for mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration.

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Well, using these kind of websites and services to mine for you is not the best approach to mining.

You can't be sure about anything that they're doing AND they can be scammers (most of them are)

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On 2/16/2020 at 4:14 PM, blacksmith101 said:

some time i think, is they really own really hardware's and taking care for me or just doing a scam business to run out after taking peoples money.

The best way to mine is to have your own machine and mine with your self and dont care about any scam cloud mining or any website who bought you a hash to mine, but it's really expansive way 

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A lot of people says cloud-mining is scam... Do they really now what is mining and how it work? I will join 2 pictures. that all people can understand:

 

A REAL MINING FARM is like the picture below.  It's an investment of hundreds of thousands dollars. The company have Warehouse + Mining hardwares + Degressive electricity price. They can run a CLOUD MINING BUSINESS and sell hashpower contracts..

spacer.png

 

 

 

A SCAM CLOUD MINING WEBSITE is like the picture below. A guy, maybe you or me, just  buy a $100 Template + $20 Domain Name to launch his scam cloud mining website. No mining hardware is needed. He buy an advertising campaign from $100 to $1000 to attract the first members. When done, members will promote the SCAM via the referral program to earn comissions... The scam is on...

spacer.png

 

 

If a stranger promise you free money, don't be silly and don't trust him... Do some researchs, use your brain. Search for some proof of his business.

 

 


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35 minutes ago, Khan86 said:

Currency UNIT has fallen into cryptopia, now I don't know if any cloud mining will still hashflare and others are gone and ceases its services I have a very bad experience with cloud mining I remember cryptomining firm I in cryptoI invested a lot of my capital and the website is finally paying off

Cryptopia was an exchange... not a cloud mining service... Where do you lost your capital? Genesis mining (for example) is in activity since 5 or 6 years. Cloud mining is not dead.


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48 minutes ago, Kolomaimuna71 said:

that offer such helps online, not knowing that they are scams and easily defra.

Hello. I think that if you read my message upper you will understand some interesting things and why people are confused when talking about cloud mining.


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The cloud platform is really bad, I trusted it and exploited it, but I was deceived, so I hope that everyone will avoid it and now I stay away from it. A bad platform

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You all confond poor websites with templates that say "cloud mining" and "free Gh/s" with real cloud mining business. I suggest you to learn what is mining and mining requirements....


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14 hours ago, freelinfai said:

Mining within the cloud could be a exceptionally purge concept, mining must be genuine and physical not invented, do not you think? They are points of interest to analyze.

Yes right but the majority they can't mine buy his own machine because it really expansive that's why all go to cloud mining website they need just to register and buy some hash  

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18 hours ago, scorpiali said:

Yes right but the majority they can't mine buy his own machine because it really expansive that's why all go to cloud mining website they need just to register and buy some hash  

90% of people who participate in this topic confond cloud mining website with websites with template saying "cloud mining" and "free Gh/s".... They don't know what is mining, how mining work and what is a mining farm...


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On 2/22/2020 at 5:03 AM, bitcoinb said:

A lot of people says cloud-mining is scam... Do they really now what is mining and how it work? I will join 2 pictures. that all people can understand:

 

A REAL MINING FARM is like the picture below.  It's an investment of hundreds of thousands dollars. The company have Warehouse + Mining hardwares + Degressive electricity price. They can run a CLOUD MINING BUSINESS and sell hashpower contracts..

spacer.png

 

 

 

A SCAM CLOUD MINING WEBSITE is like the picture below. A guy, maybe you or me, just  buy a $100 Template + $20 Domain Name to launch his scam cloud mining website. No mining hardware is needed. He buy an advertising campaign from $100 to $1000 to attract the first members. When done, members will promote the SCAM via the referral program to earn comissions... The scam is on...

spacer.png

 

 

If a stranger promise you free money, don't be silly and don't trust him... Do some researchs, use your brain. Search for some proof of his business.

 

 

Hello. Look at this and you will understand why you are wrong. The first picture is a REAL MINING FARM from A REAL CLOUD MINING WEBSITE (like Genesis-Mining). The second picture is the reason why you all think that cloud mining is a SCAMS... Do some researchs before investing money.....


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My experience with these pages has been good, I invest very little, and if they give profits, I have been able to recover the investment and win, those pages are very tempting but we must control ourselves, and invest little.

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So true I also do not want to involve into the cloud mining site. There are so many reasons to do so. One of the major reasons is due to scammers. Scammers have found the best way to cheat users by creating the free cloud mining sites.


 

 

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13 hours ago, plagualro said:

Cloud mining isn't beneficial at all. And somebody can effectively drop casualty of trick. I can not exhort a few to do it.

Cloud mining is like mining, the waiting period for ROI is inevitable. Too many people confond legit cloud mining companies with SCAMS ponzi websites that pretend to be cloud mining companies. If they don't provide pictures or videos of their mining farms, they are not cloud mining companies.


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On 2/26/2020 at 5:25 PM, Towker said:

I try this but it ist very profitable why they are renting that mining tool to others, they always have stock on their hand right. Some cloud mining are just scam. Scammers will offer high profit cloud mining to lure you to invest in it. And if you invest, you have just been scammed. Thank you very much..

Like you said, real cloud mining company have real mining hardwares and they can proven it. I suggest to all people to search on google what is a mining farm to learn what is cloud mining.


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We have to learn from the lessons of others. In fact, I did not experience cloud demolition, but all those who tried and interviewed them said that they had been defrauded. Now I do not believe in this idea, maybe if there are laws in the future that protect our rights, I will try this work.

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On 10/18/2019 at 9:17 PM, Keith700 said:

The fact of disagreeing with this type of practice is very simple: they are very tempting to become scams.
98% of the mining in the cloud are simple hyips, although the real ones are also hyps but with physical devices, this will never imply that they are free of this type of practice.
Why should I be mining in the cloud? It makes no sense, for that I buy my own devices and learn to configure them, cloud mining can be for the ignorant or simple lazy who do not want to learn direct technicality.
In fact, mining in the cloud is meaningless, it is an out of place concept, it is just one more trick of this world, don't you think?

now, i will talk only about real cloud mining site so i will no take in consideration all the scam sites.

 

i partially agree with you because cloud mining can be profitable if you buy HashPower with fiat currency becasue you are buying with $ something that will give you bitcon instead of buying directly bitcoin. so you could have more bitcoin with the same price, i hope i explained myself

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Of course, there are many scammers who create specially cloud sites for mining, thereby deceiving newcomers. There are some good cloud mining, but not many. Be careful. 

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Yes, your opinion is completely correct. These sites that delude new people in the field that they can easily profit from mining are mostly SCAM and are only designed to steal their money.

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I'm not like any cryptocurrency cloud mining site.  This type of mining site does not give us free prices y they are screaming amed very quickly so don't waste your time on cloud mining

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Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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