Bitcoin investment ? Cloud mining ? - page 2.

koelen3

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Sooner or later, a man who wears two faces forgets

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

AFAIK , they all did in the end

mark613

member

Activity: 86

Merit: 10

I have made a little money buying Gh's at Hashnest.com and ~~AmHash1 contracts through the Havelock Investments website~~. You won't get rich overnight but if you buy GH's cheap enough you should be able to make roi plus a little extra.

Sorry AMHASH1 and anything Havelock is the suck. ** AVOID **

Dr Charles

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Quote from: leblanc on February 24, 2015, 01:47:58 PM

the last horrible cloud mining I remember was a couple months back in 2013 called pbminig, many have lost a lot.

Learn from that and then decide.

haha I remember pbmining... expensive 5 year contracts? doomed to fail and it did.

leblanc

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the last horrible cloud mining I remember was a couple months back in 2013 called pbminig, many have lost a lot.

Learn from that and then decide.

Dr Charles

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Quote from: ranochigo on February 24, 2015, 05:31:25 AM

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

A good example to disprove your point is my Bit from the Block project in my signature... it is both profitable and legit. Due to intial capital requirements, just starting a cloud mining service is not always an option... BFTB is different because all profits from mining are either returned to GH owners through the form of dividends or reinvested back into the project. I cant speak for other cloud mining providers because BFTB is the first service of its kind but I spend my time, money, and energy maintaining it for no personal profit because I myself have been screwed multiple times by shady websites in this industry so I gain personal gratification for providing a service to help protect others.

call it bullshit, call it shady, call it what you will but not everyone is out to screw you over.

BillyBobZorton

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Quote from: ranochigo on February 24, 2015, 05:31:25 AM

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

So basically it's impossible to mine unless you own farms of antminers these days.

ranochigo

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Crypto Swap Exchange

Quote from: Madness on February 24, 2015, 05:39:39 AM

Quote from: ranochigo on February 24, 2015, 05:31:25 AM

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

Good question .
Well Cloud Mining is a long term investement , Let's say you paid 50$ and you got 0.1 BTC . You will say it's not profitable which is correct.
But if you wait some years , that 0.1 BTC (23$ now) may turn to (100$ later) .
Of course if you didn't pay using BTC in the first place otherwise it's like you did nothing .

~ Madness

You are bound to lose some BTC on maintenance fees. It would have been much more profitable and less hassle if you believe that will happen and buy Bitcoins directly.

Madness

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My goal is becaming a billionaire.

Quote from: ranochigo on February 24, 2015, 05:31:25 AM

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

Good question .
Well Cloud Mining is a long term investement , Let's say you paid 50$ and you got 0.1 BTC . You will say it's not profitable which is correct.
But if you wait some years , that 0.1 BTC (23$ now) may turn to (100$ later) .
Of course if you didn't pay using BTC in the first place otherwise it's like you did nothing .

~ Madness

ranochigo

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Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: ?? on ??

Quote from: JessicaSe on February 24, 2015, 04:07:49 AM

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

Not all cloudmining sites are ponzis.

True, but cloud mining would not be profitable at all even if they are legit. If it can really profit, why don't the owners mine it for themselves and profit more?

JessicaSe

legendary

Activity: 840

Merit: 1000

if you want to earn profit from you investment then stay away from ponzi or cloud mining sites
and if you want to loose money then invest in ponzi or cloud mining site

deepestfear

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Cloud mining sites are mostly ponzi schemes - many have closed in the last 2 to 3 months

Borisz

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Quote from: uki on February 23, 2015, 06:19:55 AM

Quote from: Borisz on February 22, 2015, 06:33:30 PM

Quote from: uki on February 22, 2015, 02:01:31 PM

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.

From what you wrote, it looks like a perfect description of a Ponzi scheme where all the risk (enormous risk) is put on the newly coming investor in exchange for not so promising gains. Risk-reward ratio screaming 'no go'. Pretty much in-line with my observation until now. Keep away from that.

Yes it can be a ponzi indeed. However, it can also be a legit mining business where initially due to low difficulty the miners get a fair share of their profits whereas later when the difficulty is higher the profits and hence the revenue drops significantly.

uki

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cryptojunk bag holder

Quote from: Borisz on February 22, 2015, 06:33:30 PM

Quote from: uki on February 22, 2015, 02:01:31 PM

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.

From what you wrote, it looks like a perfect description of a Ponzi scheme where all the risk (enormous risk) is put on the newly coming investor in exchange for not so promising gains. Risk-reward ratio screaming 'no go'. Pretty much in-line with my observation until now. Keep away from that.

mark coins

hero member

Activity: 910

Merit: 1000

you should try to invest in Trading btc/altcoin

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: uki on February 22, 2015, 02:01:31 PM

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.

ChuckBuck

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Activity: 1372

Merit: 783

better everyday ♥

OP, just skip Cloud mining or hardware mining altogether. Not only do you have deal with possible theft or loss if the cloud mining websites turn up to be Ponzis(most of them are), the whole reason you're thinking about any of this is ROI.

For the most part, ROI or profit is gone from any type of Bitcoin mining.

Just buy BTC, man, it's fool proof and fastest way to get in this thing. Cool

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

champbronc2

hero member

Activity: 490

Merit: 500

1. Get job
2. Get paid in money
3. Buy bitcoin with said money
4. Huh

5. Profit

DO NOT DO CLOUD MINING. It is a ponzi.

Earning Bitcoin is the exact same thing as earning dollars. Except its harder because less people will pay you Bitcoin. So instead just earn dollars, and buy bitcoin.

Bitcoin is not a get rich quick scheme by any means.

Dread Pirate Roberts

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everythin will be over with run away . hack news
so dont invest in hyip thats for me.

Dr Charles

legendary

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CHeck out the Bit from the Block Mining Project.

It is the first Diversified Cloud Mining Platform available.

https://coinsortium.co/project/BFTB

Join the Bit from the Block thread at Hashtalk.org and Bitcointalk.org
https://hashtalk.org/topic/16505/bit-from-the-block-mining-ipo-diversified-mining-1gh-at-a-time/
https://bitcointalksearch.org/topic/bftbmining-celebrating-1-year-of-operation-851442

Topic: Bitcoin investment ? Cloud mining ? - page 2. (Read 5936 times)