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Topic: Cloud mining (Read 2930 times)

full member
Activity: 168
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
September 14, 2015, 09:23:22 PM
#54
Even doing the math on cloud mining's front pages show they aren't going to land you much, if any, profit...better to mine yourself, trade, or just hold

I would agree with you.  I dont see why people even sell out there equipment unless they dont have time or whatever.  The only thing that makes sense is that they charge more or around what they are going to make.  Renting is guaranteed BTC whole mining always doesnt.  But why not just use the equipment instead of renting it.  Who ever rents it isnt going to get anything back but pennies worth in my opinion.

I seen one cloud mining platform that looked awesome.  Until you seen the price.  I ran a calculator of the hash rate and such.  You ended up paying more then you would have ever gotten back in return.  Totally not worth it.  It really isnt.  unless you own the rig or servers.
hero member
Activity: 714
Merit: 500
September 13, 2015, 11:51:59 PM
#53
Even doing the math on cloud mining's front pages show they aren't going to land you much, if any, profit...better to mine yourself, trade, or just hold
legendary
Activity: 910
Merit: 1000
September 13, 2015, 06:10:06 PM
#52
I dont know if this been asked before. Is there any of you knows cloud mining sites for stable altcoins?

this is little out of topic..
but i guess there is something smilar here to hexxcoin im currently working on..
sr. member
Activity: 686
Merit: 250
September 13, 2015, 11:21:03 AM
#51
I have found that most cloud mining platforms dont work.  You make nothing really.   The only way they should appeal to anyone is if they sell you a block of hashing power for atleast half or a third of what you could mine.  Then they take there share from the earning or what ever the cost is.  Otherwise I dont see how cloud mining could even be worth it.  Its like working for someone else.  IE:  you work at McDonalds to make the owner more and more while you make very little.


not worth it.

What they advertise it does worth, but they don't run until the plans end so yeah it doesn't worth. The slowest way to earn by mining is to buy ourself the mining rigs and start.

I think that depends on your knowledge and technical ability.  Owning the right mining equipment and mining the right coins can pay well.

Yes that's right but i see that to get your investment back takes time but it worth if you do for hobby. About others which cloud mining is paying?

yes to the new investment and the time we can get proft
hero member
Activity: 994
Merit: 500
September 12, 2015, 02:32:24 PM
#50
I have found that most cloud mining platforms dont work.  You make nothing really.   The only way they should appeal to anyone is if they sell you a block of hashing power for atleast half or a third of what you could mine.  Then they take there share from the earning or what ever the cost is.  Otherwise I dont see how cloud mining could even be worth it.  Its like working for someone else.  IE:  you work at McDonalds to make the owner more and more while you make very little.


not worth it.

What they advertise it does worth, but they don't run until the plans end so yeah it doesn't worth. The slowest way to earn by mining is to buy ourself the mining rigs and start.

I think that depends on your knowledge and technical ability.  Owning the right mining equipment and mining the right coins can pay well.

Yes that's right but i see that to get your investment back takes time but it worth if you do for hobby. About others which cloud mining is paying?
hero member
Activity: 630
Merit: 504
September 12, 2015, 02:14:00 PM
#49
I have found that most cloud mining platforms dont work.  You make nothing really.   The only way they should appeal to anyone is if they sell you a block of hashing power for atleast half or a third of what you could mine.  Then they take there share from the earning or what ever the cost is.  Otherwise I dont see how cloud mining could even be worth it.  Its like working for someone else.  IE:  you work at McDonalds to make the owner more and more while you make very little.


not worth it.

What they advertise it does worth, but they don't run until the plans end so yeah it doesn't worth. The slowest way to earn by mining is to buy ourself the mining rigs and start.

I think that depends on your knowledge and technical ability.  Owning the right mining equipment and mining the right coins can pay well.

hero member
Activity: 994
Merit: 500
September 12, 2015, 11:41:19 AM
#48
I have found that most cloud mining platforms dont work.  You make nothing really.   The only way they should appeal to anyone is if they sell you a block of hashing power for atleast half or a third of what you could mine.  Then they take there share from the earning or what ever the cost is.  Otherwise I dont see how cloud mining could even be worth it.  Its like working for someone else.  IE:  you work at McDonalds to make the owner more and more while you make very little.


not worth it.

What they advertise it does worth, but they don't run until the plans end so yeah it doesn't worth. The slowest way to earn by mining is to buy ourself the mining rigs and start.
member
Activity: 74
Merit: 10
September 12, 2015, 11:09:17 AM
#47
I dont know if this been asked before. Is there any of you knows cloud mining sites for stable altcoins?

genesis allows u to mine ur choice of coin..

How would you know if it were real?  Did they give you proof of solved blocks?  Allow you to choose any pool?



if u search more into genesis ..u might get the proofs.
full member
Activity: 168
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
September 12, 2015, 10:52:57 AM
#46
I have found that most cloud mining platforms dont work.  You make nothing really.   The only way they should appeal to anyone is if they sell you a block of hashing power for atleast half or a third of what you could mine.  Then they take there share from the earning or what ever the cost is.  Otherwise I dont see how cloud mining could even be worth it.  Its like working for someone else.  IE:  you work at McDonalds to make the owner more and more while you make very little.


not worth it.
hero member
Activity: 630
Merit: 504
September 12, 2015, 03:19:54 AM
#45
I dont know if this been asked before. Is there any of you knows cloud mining sites for stable altcoins?

genesis allows u to mine ur choice of coin..

How would you know if it were real?  Did they give you proof of solved blocks?  Allow you to choose any pool?

member
Activity: 74
Merit: 10
September 12, 2015, 02:53:51 AM
#44
I dont know if this been asked before. Is there any of you knows cloud mining sites for stable altcoins?

genesis allows u to mine ur choice of coin..
hero member
Activity: 630
Merit: 504
September 12, 2015, 02:20:54 AM
#43

Exactly -- cloud mining has always been a scam.  That's why I would never use it.

member
Activity: 84
Merit: 10
September 12, 2015, 02:18:54 AM
#42
any cloud mining its a bit of a fake mining too they use a ponzi scheme while investments cover preveuse they pay after that tthey dont
hero member
Activity: 630
Merit: 504
September 12, 2015, 01:10:41 AM
#41

So many lies about what?

hero member
Activity: 714
Merit: 500
September 12, 2015, 12:16:37 AM
#40

Personally, I've never bought cloud mining and I only mine coins that have some sort of track record -- unless I'm feeling just crazy (which is rare these days - lol).  I don't buy coins on the exchanges -- only sell.

Have I lost money from mining the wrong coin?  Sure -- everyone does.  Do I mine scam coins?  Or brand new coins?  No.

Do altcoins have any real purpose - in my opinion?  Hard to say -- most of them -- probably not.  Maybe to test out new technologies - but I've yet to see any coins used for anything mainstream but to be converted to BTC in the end.



So many lies. Lol.
hero member
Activity: 532
Merit: 500
September 11, 2015, 04:29:17 PM
#39

Personally, I've never bought cloud mining and I only mine coins that have some sort of track record -- unless I'm feeling just crazy (which is rare these days - lol).  I don't buy coins on the exchanges -- only sell.

Have I lost money from mining the wrong coin?  Sure -- everyone does.  Do I mine scam coins?  Or brand new coins?  No.

Do altcoins have any real purpose - in my opinion?  Hard to say -- most of them -- probably not.  Maybe to test out new technologies - but I've yet to see any coins used for anything mainstream but to be converted to BTC in the end.

If you dont buy coins (btc or/and alts?) then how do you get? Just by mining or converting anything else? Cloud mining seems to be risky.
hero member
Activity: 630
Merit: 504
September 11, 2015, 11:29:20 AM
#38

Personally, I've never bought cloud mining and I only mine coins that have some sort of track record -- unless I'm feeling just crazy (which is rare these days - lol).  I don't buy coins on the exchanges -- only sell.

Have I lost money from mining the wrong coin?  Sure -- everyone does.  Do I mine scam coins?  Or brand new coins?  No.

Do altcoins have any real purpose - in my opinion?  Hard to say -- most of them -- probably not.  Maybe to test out new technologies - but I've yet to see any coins used for anything mainstream but to be converted to BTC in the end.

hero member
Activity: 714
Merit: 500
September 11, 2015, 10:48:23 AM
#37
Hmm - have you seen the movie "Grumpy Old Men?"  LOL

Not all alt coins are scams.  I don't see your reasoning here.

You mine a coin with your own equipment and you are guaranteed to be hashing at that coin.  What coin you pick, how you trade it, etc. is up to you.

Or you send money to a Cloud Mining Service  exchange-- aka Ponzi Mining Service buy a shitcoin.  They take your money, they say they are mining developing it, pay you dump on you little here and there and then eventually disappear.  Total scam.

There is no comparison.


FIFY.  Yeah no comparison.  LOLOL!

I'll just wait until you get burned a few times with shitcoins like you were with cloud mining and then start bitching about that too.  Just takes time.
hero member
Activity: 532
Merit: 500
September 11, 2015, 10:06:05 AM
#36
Hmm - have you seen the movie "Grumpy Old Men?"  LOL

Not all alt coins are scams.  I don't see your reasoning here.

You mine a coin with your own equipment and you are guaranteed to be hashing at that coin.  What coin you pick, how you trade it, etc. is up to you.

Or you send money to a Cloud Mining Service -- aka Ponzi Mining Service.  They take your money, they say they are mining, pay you a little here and there and then eventually disappear.  Total scam.

There is no comparison.


Most of them are, but some are very serious and long term like DOGE NXT DASH STR ETH etc, which i prefer them.
hero member
Activity: 630
Merit: 504
September 11, 2015, 09:52:27 AM
#35
Hmm - have you seen the movie "Grumpy Old Men?"  LOL

Not all alt coins are scams.  I don't see your reasoning here.

You mine a coin with your own equipment and you are guaranteed to be hashing at that coin.  What coin you pick, how you trade it, etc. is up to you.

Or you send money to a Cloud Mining Service -- aka Ponzi Mining Service.  They take your money, they say they are mining, pay you a little here and there and then eventually disappear.  Total scam.

There is no comparison.
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