Bitcoin Mining Profitable Reddit Hashflare Scam Or Legit

No Spam Referral linking is strictly prohibited and will be met with a long-term or permanent ban. Submissions that are mostly about some other cryptocurrency belong. They looked so nice. Albeit in a very convoluted hard to understand way. Claims to be an Australian company, however there is no business registered with this name in Australia. Now biconnect - that is probably a scam. You can sell your hashrate on a market there. Submissions that are mostly about some other cryptocurrency belong. Reddit Policy No Begging Please. Best Bitcoin Faucet App How To Send Litecoin From Ledger S to profit from Cloud Mining - BitForx. As such, it is more resistant to wild inflation and corrupt banks. In the end, even though buying directly would have been better, in fiat money I have more now than I did before, so it doesn't bother me. The point is your hash rate overtime will not generate the same profit overtime and eventually it will be almost nothing at all and will not be able to come up with enough bitcoin to cover electricity costs, which then will result in Genesis removing your contract. Thank you for replying. Thank you for the information and sorry to hear that you lost money - hopefully your loss will benefit others! Do not fall victim to the Bystander Effect and think someone else will Buy Bitcoin Poland Documentary On Gavin Ethereum it. That's cheaper than anybody else and it's an open ended contract. Of course lets hope this never happens cuz ill make shitty money but, i will still make money. I personally mine ZEC. View The Moderator Logs. How is it a scam to get paid daily? It would be a different story if Bitcoin Bitcoin Rate Graph Litecoin To Dogecoin trading sideways, but as you can see it's far from doing. Maybe add them back under the not sure?

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Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. Come back in six months and tell me about your investment then. They remain in the "unsure" list for now. A cloud mining contract doesnt really help the centralization argument, but its still easier to plan around than predicting growth. Price fluctuations in the future will effect either method of obtaining Bitcoin equally. You don't understand that as competition for bitcoin increases and soon enough your 1TH as a example will not produce. Also, read the forums about bad reputations of sites or operators, this saves you a lot of headaches down the line. They still allow deposits but haven't allowed withdrawals for around a month. I found it way easier to just go to cloud mining. Anyone want to go chase obvious superscams like OneCoin? Posts or comments that are just marketing to get referral clicks will be deleted. Because they feel duped they call it a scam. Wouldn't of minded a small loss, by time you pay fees and whatnot on exchanges you're always 'at a loss' anyway. It just is legit is all I am saying. I would agree that it is better to just buy coins than to purchase hash power in most cases. Which it will theres no question about it. Large companies like Gemini mining would rather see stable profits than lose out on the money they could have been making if the market takes a dive. People wanting to break even in just 4 months is madness It has been a federal crime in the United States since Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. I am doing very well with Hashflare. Here is a tip for you if you end up using HashNest. I have personal evidence in my own wallet that refutes everything you said. Nono dont get me wrong, it didnt hit any nerve i was just having a conversation and clearing things up. That said, out of curiosity, I tried one, and finally got enough to withdraw, and haven't even been able to withdraw, lol. I've been using Genesis for almost a month. Welcome to Reddit, the front page of the internet. It's highly likely they are Ponzi schemes paying out investors with money from new investors, which will eventually collapse and could result in your profits being seized by governments. What a great deal! Note that even if you dont give them any money, you are giving them your passwords and email addresses at the very. Posts or comments that are just marketing to get referral clicks will be deleted. Just recently Bitconnect has been issued two cease-and-desist orders due to fraud concerns. I don't need to watch the video - I am happy with their services. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising. In my honest opinion this is the best cloud mining company out there and i sincerely advise people to jump in. Probably a scam - no business registered in Australia with that name and no contact How To Get Started With Cryptocurrency How To Generate Symmetric Key Crypto on their site. Likewise, all moderators of this subreddit do follow the Modiquette. This subreddit is not about general financial news. You can't get that much return from mining Do Cryptocurrencies Split New Ethereum. Khan Academy on Bitcoin Free Course. Actually, the mining capability is there but there is a point where you need a lot more hash bashing power than what that cloud instance or pool can provide. SEC will still pursue operators if they think something is fishy. Summary My 50 USD 0. Noob here who didn't do any research before investing in hashflare ; How much bitcoin do you get vs what they project? Ironically if the coin was trading sideways the global hashrate might not be going up as fast and thus payouts would be more uniform instead of going. Do not waste people's time. Trades should usually not be advertised. They're actually cheaper than hashflare, 0.

I spent a long while researching Hashflare and Genesis a year or so ago. With Bitcoin, you can be your own bank. Btw thanks for the downvote looks like im the adult in the conversation. But that should be the worst of it. I believe the problem with Crypterra right now is not if they do or not do the withdraws. People still sign up, and then bitch about it. The idea of investing in mining for ME atleast is to get my investment back in Using Fake Phone Number Bitcoin Atm Ethereum Price Vs Dollar couple of months and make money monthly by doing absolutely. BitcoinMining submitted 4 months ago by 6amurai. Just this week they won their case against GAW miners. Comparison of all mining pools on the official Bitcoin wiki. I think of it like an annuity. The difficulty has remained steady, and the value of btc has been growing, but the payouts remain the same. I guess, they are become inactive very fast. I was stolen from Genesis Mining That is what miners would be doing if they sold you their hashing power at a loss so that you could make money. If the price goes down, you lose regardless. Break even after six months, keep profiting for the next 5 years if I'm lucky, profit could be very high. Below is a list of cloud mining sites and their current status - at least as far as we can tell. And the SEC can chase whatever they want to. Listen i know you might have your doubts, im a normal joe that started with 1 rig with 3 cards then went to 2 rigs and then 4 rigs. Anyway - wish you the best in your investment strategy of buy and hold because clearly that works also. I don't know I would not do it. It's possible, but you have to be extremely cunning or lucky. Good that they got GAW I guess? Speedmine New Scam Cloudminer. Too true, but the main point of this article is to bash the YouTuber's who make ridiculous claims to their fan boys, in order to swindle them into using their referral codes, so my apologizes if it hit a nerve, but the comment section in this post should clear up any inaccuracies this post may have spewed. Genesis already confirm that SGG is one of their few resellers. That's why I look at profit for my cloud mining in BTC and not in fiat money. If cloud mining was profitable, everyone would be doing it, that's simple logic. It's a super weird interpretation, but that's how they see it. I did not buy it with the intention to get rich, but to get experienced with all types of mining. It would be wise to stay away from them. Im trying to uhh understand the difference between what is legit CS what is a scam in this medium. Thanks for the info. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. Not everyone can man their own miner or figure it out, so it works for some people. Hope this clears your mind a bit about this topic. As far as I've seen they've just been getting more fools to throw money away.