@Jaymark
Do u agree ? All mining site are scam ? Disclaimer: this is just my own opinion and observation I wish I could not offend someone. I think all Freemining sites are scam, they will will pay first to make people trust them. And ofcourse someone will invest because that site is known as paying. At first they will pay you, but you don't know when they got millions thousand of user and got big investment they will vanished like wind or shadow.😂 I think if you want to invest on free mining site like offline mining site it's good to invest when they are new. My first Investment on offline mining site is on Faucetbch you can mine Bitcoincash. I invest 4.50$ and last week they got 40,000 users and now they got 200,000 users , I already witdraw 5times I just give it a try.I think this site will also vanished soon. So what do you think? Do you trust offline mining sites ?
21 comments
Well... tl;dr maybe, if it's proven legit. Still shaky business. Just buy them. For a more conclusive explanation, you need to think about it. You aren't in control of their "free mining" software. The cloud mining/free mining companies are prone to change their address or add additional payment (contracts) just to receive merely 0.001 BTC/ 1 mBTC (millibitcoin) for only the first weeks. Other "cloud mining" sites also have unrealistic payments offered, which if you know proper banking and economics that when they actually follow through, would bring them to bankruptcy. Other are simply Ponzi schemes hidden or are blatant scams. There's also the risk of using these cloud mining sites: You're gonna lose more than you earn unless you feed them more money. BTC's difficulty raises every 2 weeks. You might get profits for initial weeks (if you are able to actually claim them), but then you'll lose the rest. Here's a good site about it: https://www.finder.com/bitcoin-mining Another good site: https://cloudminingz.com/bitcoin-cloud-mining.html
Ok thank you I will check it now
Ay true. Specially if no investment, 99% chance na di magbabayad. Like Freemining, after I requested my payout, di na mabuksan. Wala din dumating 🤣
Haha kaya nga e my free mining din ako 0.001999 na Yun putek 1 points every one minute kylan pa maka witdraw
Tama ka po Dyan halos lahat Yata ng mining site. na alam ko sa una Lang magaling mag bayad haha
Oo nga e tapos pag tumagal na tatakbo na
99.9% yes they are scam. most of them just pay the old members to keep them. and some of them pay for a while and be gone after a few months.so that's why I'll write about them and warn others. here you can check https://read.cash/c/scam-a45a
I Will check thank you
Scam tlaga Yun isipin mo offline na free pa , saan sila kumukuha nang ibabayad sau
True
Not all but majority of mining sites are scams, especially the new generation mining sites. Eobot.com and genesis mining started long time ago, 2013 or so. They are still legit and paying. No one has ever complained of them. In general, I don't like mining as it is not profitable.
I'm not expert on mining site I don't know that site , but thank you for the info.
There are a few cloud mining websites that run for many years but their rewards are low. No matter that, there is always a good possibility they will run with the money.
Yeah maybe 90% of them
Dear mate, I used several mining sites in 2017 and 2018 but %90+ of them were scam or ponzi scheme. Currently I have eobot, genesis mining and hashflare accounts. There is a point, hashflare do not allow me to withdraw my 900.000 satoshi as they have 1M satoshi withdrawal limit so my money is locked in there. However, I have not had any problem with genesis and eobot. Try not to invest too much money on cloud mining. It's for fun not an investment option in my opinion. That's a very nice topic. Thank you 😌
The question are; Are these sites offer real mining? What is btc, bch mining? How it works? Is it profitable? Can you entrust your money to them? Even the most legit cloud mining that will show you their Asic Mining Hardware, you can't be sure. If you buy Asic Miners which is very expensive, you don't know if it is profitable until you try. Better build mining hardware or just try some staking coin on your own.
Thank you for the information , Im just new in crypto I'm.lacking of experience
well its hard to trust without prior reviews on particular sites. I am new to faucetbch , also deposit .002 BCH there just to see what will gonna happen to it hahaha. I hope im not late and can still able to get back my depo and hopefully it will not become scam too soon hahaha.
Maybe years later ? Hahaa
It's really hard to tell if the mining site is legitimate or scam. There is a legitimate mining program that turned out to be a scam because it's no longer profitable. I've invested in a reputable mining program as well back in 2018. However, it was not profitable due to the mining difficulty. I think trading or lending your crypto to a reputable program is what's profitable at this time, but that's just my opinion.
Yes it's true mining is so risky business