Cloud Minig Vs Hardware Mining Which is best ? - page 2.

shield132

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Quote from: Fatanut on March 02, 2017, 10:43:10 AM

Quote from: spngebob on March 02, 2017, 05:27:47 AM

Quote from: passwordnow on February 13, 2017, 07:29:37 AM

Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

For me if we are talking about its legitimacy of earning bitcoins, hardware mining is the best for two choices. Because cloud mining is surely a scam and that's proven by many of the people here. And if you don't want to be another victim of them, better not to put interest on investing with cloud mining or you will regret it.

Cloud mining is not scam, it is cloud mining. You are talking about ponzi scams.
However, logically it is better to mine with your own equipment than rent it from someone(like everything else in life)

Since you're a Newbie, I will assume that you've never heard of hashOcean, Scrypt.cc and the thousand other ponzi scams that are hiding under the name of "cloud mining". All of these website run away when there's already a good amount of people invested in their website. Mostly they claim that they got hacked so the investors will not feel as bad as when they simply run away without saying any lame reason to do so.

There might be an existing cloud mining site but it will be much better if you buy your own hardware if you can afford to buy one anyway.

Fatanut, what can you say about hashnest? They are legit cloud mining company. I don't know why but they prefer selling hash rates online while they can also to mine that ecuipments for themselves. Maybe that's somehow good marketing trick because also they take fee from trading and they aren't depended on mining difficulty. By other side, many scam website claims that they are real cloud mining but behind that action is that bitcoin is mineable coin and many new people really believes this at first.

Fatanut

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Quote from: spngebob on March 02, 2017, 05:27:47 AM

Quote from: passwordnow on February 13, 2017, 07:29:37 AM

Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

For me if we are talking about its legitimacy of earning bitcoins, hardware mining is the best for two choices. Because cloud mining is surely a scam and that's proven by many of the people here. And if you don't want to be another victim of them, better not to put interest on investing with cloud mining or you will regret it.

Cloud mining is not scam, it is cloud mining. You are talking about ponzi scams.
However, logically it is better to mine with your own equipment than rent it from someone(like everything else in life)

Since you're a Newbie, I will assume that you've never heard of hashOcean, Scrypt.cc and the thousand other ponzi scams that are hiding under the name of "cloud mining". All of these website run away when there's already a good amount of people invested in their website. Mostly they claim that they got hacked so the investors will not feel as bad as when they simply run away without saying any lame reason to do so.

There might be an existing cloud mining site but it will be much better if you buy your own hardware if you can afford to buy one anyway.

Zadicar

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Quote from: Rockie1234 on March 02, 2017, 10:11:36 AM

I really think cloud mining is simply a bad idea. It is true you can make your money back within 12 months, but the site will probably exit scam by then. The legit sites (impossible to know which) won't give you a guaranteed profit; sometimes you will lose money because of electricity fees. Hardware mining is not worth it unless you have a company.

Cloud mining is not really worth for longer runs since we do all know that mining difficulty does increase Inc any other week which means even though we are receiving returns but in longer runs you will surely feel the amounts that having deducted to the payouts.

Rockie1234

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I really think cloud mining is simply a bad idea. It is true you can make your money back within 12 months, but the site will probably exit scam by then. The legit sites (impossible to know which) won't give you a guaranteed profit; sometimes you will lose money because of electricity fees. Hardware mining is not worth it unless you have a company.

BitcoinGirl.Club

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Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

It all depends on how much hashing power you have on either two and whether you have a cheap source of electricity to run the hardware, you also have to account for the running costs of hardware mining and the inevitable noise pollution. It would a great experience to run your own mine though its costly to setup.

spngebob

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Quote from: passwordnow on February 13, 2017, 07:29:37 AM

Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

For me if we are talking about its legitimacy of earning bitcoins, hardware mining is the best for two choices. Because cloud mining is surely a scam and that's proven by many of the people here. And if you don't want to be another victim of them, better not to put interest on investing with cloud mining or you will regret it.

Cloud mining is not scam, it is cloud mining. You are talking about ponzi scams.
However, logically it is better to mine with your own equipment than rent it from someone(like everything else in life)

hashnest

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Well, If you choose hardware mining, you need to consider the places and electricity power.
Since you need to avoid the noise and high temperature. Also if you got competitive electricity power, hardware mining is a good choice.
You need to be considerable.

gandame

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Quote from: Bitcoin0916 on March 01, 2017, 05:16:16 AM

I suggest to select hardware mining, as my experience about a years ago, I was investing about 8 btc, I bought $260, about 4 btc is lost because it exposed the scam cloud mining like hashocean, cld mine, hot-coin and many more. Genesis mining and hashflare are indeed still paid but more than 10 months not get RoI.

I would aso prefer using hardware for mining rather than cloud mining investments because, you can exactky generate profit rather than you invest with mining handled by other proprietors. Most of them only promises non reliable profit gaining so called miners, which they are more expert to convince people to invest for them and most cases resulted to scam which in fact, losses people's profit.

JANGKRIK BOSS

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Quote from: Bitcoin0916 on March 01, 2017, 05:16:16 AM

I suggest to select hardware mining, as my experience about a years ago, I was investing about 8 btc, I bought $260, about 4 btc is lost because it exposed the scam cloud mining like hashocean, cld mine, hot-coin and many more. Genesis mining and hashflare are indeed still paid but more than 10 months not get RoI.

I agree, if we buy S7, estimation of electric price of 12 cents and the price of the bitcoin $1.200, then estimated to get RoI about 7 months. It's not just you that exposed the scam, according to the data of about 50.000 btc in the past year is lost because got scam.

Bitcoin0916

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I suggest to select hardware mining, as my experience about a years ago, I was investing about 8 btc, I bought $260, about 4 btc is lost because it exposed the scam cloud mining like hashocean, cld mine, hot-coin and many more. Genesis mining and hashflare are indeed still paid but more than 10 months not get RoI.

hashnest

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Quote from: ged00u on February 24, 2017, 03:17:27 AM

Quote from: Zivdafast on February 24, 2017, 03:11:41 AM

Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

That is right. You have to choose a reputable cloud mining company.

How can you determine which is the reputable cloud mining company? There are thousands of scammers around the digital world and no matter how reputable they are, they can turn into a real scammer anytime they want. Genesis-mining, hashflare, etc can shut down anytime they want. And as you can see, there have been many scam accusation against hashflare. Therefore, gpu mining is still the best. If you have the good amount of money, you should start your own mining farm

Maybe HashNest will refill your confidence to cloud mining. It's the most reliable cloud mining platform supported by Bitmain.
You also can request to redeem your miners back to your address when it's running no profit on our platform.

coolcoinz

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Quote from: Zivdafast on February 24, 2017, 03:11:41 AM

That is right. You have to choose a reputable cloud mining company.

There is this funny thing about the whole cloud mining business that it is governed by its own laws. In a normal world when a company is promising profits, but isn't delivering any, just making you donate to the cause they are quickly given an appropriate tag and go bankrupt. Here, people see it as a positive feature, because most companies are fake sites made by thieves, that disappear and appear under a new name couple weeks later. Why are you so drawn to this system?

ged00u

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Quote from: Zivdafast on February 24, 2017, 03:11:41 AM

Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

That is right. You have to choose a reputable cloud mining company.

How can you determine which is the reputable cloud mining company? There are thousands of scammers around the digital world and no matter how reputable they are, they can turn into a real scammer anytime they want. Genesis-mining, hashflare, etc can shut down anytime they want. And as you can see, there have been many scam accusation against hashflare. Therefore, gpu mining is still the best. If you have the good amount of money, you should start your own mining farm

Zivdafast

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Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

That is right. You have to choose a reputable cloud mining company.

passwordnow

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Quote from: ArdiPrabowo on February 13, 2017, 06:08:02 AM

Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

For me if we are talking about its legitimacy of earning bitcoins, hardware mining is the best for two choices. Because cloud mining is surely a scam and that's proven by many of the people here. And if you don't want to be another victim of them, better not to put interest on investing with cloud mining or you will regret it.

ArdiPrabowo

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Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

hardware mining is the best you money use hardware mining, you can have hardware use mining and can use forever before corrupt youre hardware
and cloud mining you nothing have hardware only investment long time Break event point, and majority only ponzy scheme and someday is scam

noictib

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Quote from: sayyedraza on October 09, 2016, 09:45:00 AM

Cloud mining Vs Hardware Mining Which is best ?
Should i invest in Cloud mining or Hardware mining ?

In my opinion both of them are useless because no one sites are more profitable and also return of investment in the trusted sites of mining also long , so it is very annoying thing to invest in cloud mining Secondly some of the ponzi sites are available for mining but they can ran away anytime .
Opposite of the cloud mining there is option of hardware mining , but in hardware mining we need much amount of electricity to perform by our miner hardware , That results into loss of electricity bills and at the end you will find not much bitcoin than electricy bill .
But still you can try some CPU miners for the altcoin mining . Altcoins price can change any time so there will remain chance of making some better profit .

audaciousbeing

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It still surprises me how one can even compare the two with what we have and seeing today. Its like comparing USA in terms of the advancement in technology and one Third world country. Cloud mining has never prove us wrong in two ways;

1. Majority of these sites are scams and they will remain so.

2. The few ones not scamming just forget about getting any return because it wont happen or you will have to wait forever.

pixie85

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Quote from: Fatanut on February 12, 2017, 06:13:57 AM

I don't know why would someone be offering a legit cloud mining site if he has his own mining farm. He can take all of those profits, no need to share it to others. Maybe if there would be an actual legit cloud mining site, the KHz that you'll get for a certain price is much lower than when you bought your own mining rig.

I can explain.
You have just a little cash, but you have an empty building, that could fit a lot of miners. What do you do?
Offer contracts to cover the cost of hardware.
Buy hardware and start mining, pay investors 50% of the profits, blame it on the maintenance fees.
Pay them back some of their money and then reduce payments to scrap, blame it on the increasing difficulty.
Sell the hardware.

Fatanut

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Quote from: shield132 on February 12, 2017, 06:25:49 AM

Why the hell cloud mining will be better when you know that nowdays there are many scams and no one will offer you such service for profit when they can to mine theirself. Of course it's better to buy latest hardware equipment and control yourself your hardware which will be forever you and when new hardware will come, you can to sell it more cheaper and buy latest and keep profitable mining. With free electricity, ROI with s9 is 140% and thay's not so bad.

Cloud mining site would be better than hardware mining to those people that (a.) can't afford a mining rig, (b.) don't have a place for a mining farm, (c.) high electric bills. We all know that you need to have a decent mining rig to have some actual earnings from hardware mining. Otherwise, it would take time before you can ROI or get bored and end up just selling the rig for a lower price.

Supposed that there's an actual legit cloud mining site, one would think that it's much better to invest there since he can simply get a part or a percentage of the total mining power of someone that has a decent mining rig.

It's like having your own mining rig but only 5% of it. Grin

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