Cloud mining? | Bitcointalksearch.org

aleandromagno

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Quote from: mrcash02 on April 05, 2016, 03:02:17 PM

Quote from: Dezval on April 05, 2016, 02:11:22 PM

Quote from: Herbert2020 on April 03, 2016, 02:57:52 AM

Quote from: Dezval on April 02, 2016, 02:37:12 PM

Why has no one mentioned hashnest?

maybe because OP is not asking to find a new cloudmining service and nobody is advertising here!

investing in cloudmining is just a bad investment IMO, the only good thing about a couple of them is the fact that they allow you to trade GHS and use the price change to make profit!

Well OP, as stated by Herbert, you can make a profit with cloud mining companies that allow you to trade your hashing power if you buy low sell high. Hashnest is the only one I trust for this, although profits for mining have been on a downward slope due to difficulty increase and price isn't increasing at the same ratio, you can still make a profit trading hashes

Some people say that it's possible, i'm not sure... Hashes price is always going down until they create a new power technology forcing you to buy it or you won't make mining profit with the last power technology. I don't know how this can be worth.

HashNest has one very good thing - the market - at any time you have exit option from business Wink

mrcash02

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Quote from: Dezval on April 05, 2016, 02:11:22 PM

Quote from: Herbert2020 on April 03, 2016, 02:57:52 AM

Quote from: Dezval on April 02, 2016, 02:37:12 PM

Why has no one mentioned hashnest?

maybe because OP is not asking to find a new cloudmining service and nobody is advertising here!

investing in cloudmining is just a bad investment IMO, the only good thing about a couple of them is the fact that they allow you to trade GHS and use the price change to make profit!

Well OP, as stated by Herbert, you can make a profit with cloud mining companies that allow you to trade your hashing power if you buy low sell high. Hashnest is the only one I trust for this, although profits for mining have been on a downward slope due to difficulty increase and price isn't increasing at the same ratio, you can still make a profit trading hashes

Some people say that it's possible, i'm not sure... Hashes price is always going down until they create a new power technology forcing you to buy it or you won't make mining profit with the last power technology. I don't know how this can be worth.

Dezval

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Quote from: Herbert2020 on April 03, 2016, 02:57:52 AM

Quote from: Dezval on April 02, 2016, 02:37:12 PM

Why has no one mentioned hashnest?

maybe because OP is not asking to find a new cloudmining service and nobody is advertising here!

investing in cloudmining is just a bad investment IMO, the only good thing about a couple of them is the fact that they allow you to trade GHS and use the price change to make profit!

Well OP, as stated by Herbert, you can make a profit with cloud mining companies that allow you to trade your hashing power if you buy low sell high. Hashnest is the only one I trust for this, although profits for mining have been on a downward slope due to difficulty increase and price isn't increasing at the same ratio, you can still make a profit trading hashes

Herbert2020

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Quote from: Dezval on April 02, 2016, 02:37:12 PM

Why has no one mentioned hashnest?

maybe because OP is not asking to find a new cloudmining service and nobody is advertising here!

investing in cloudmining is just a bad investment IMO, the only good thing about a couple of them is the fact that they allow you to trade GHS and use the price change to make profit!

mrcash02

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Quote from: Dezval on April 02, 2016, 02:37:12 PM

Why has no one mentioned hashnest?

Well, this is a legit clound mining, but it's not much different than other clound mining sites. Basically: Less profit each new day, long time to get invetiment back (or never). So, it's not good anyway.

Bitminer1224

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A cloud mining company will either legit or a scam. The ones that are real usually pay decently at the beginning, but as the difficulty rises, you get less profit, and then sometimes the btc price goes down and their fees start canceling out what you mine. Zeushash used to make me a little profit but then the fees were higher than what I was making after the price of btc went down to around $200 and it was just useless hashing power. So I recommend staying away from cloud mining.

Dezval

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Why has no one mentioned hashnest?

Phildo

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Quote from: aleandromagno on April 01, 2016, 12:04:06 PM

Quote from: mrcash02 on March 31, 2016, 04:33:46 PM

Quote from: GermanGiant on March 31, 2016, 02:42:55 PM

Quote from: mrcash02 on March 31, 2016, 02:39:52 PM

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

A person buying the hash power at a cheaper rate may make more profit as well. There is nothing unethical about it.

I'm saying about sell something that you know that won't be profitable for the buyer and don't alert him about it. You know that the buyer will lose money with it, but doesn't matter, you are selling your fish...

If you say about the risk, that it can be hard to get ROI, explain all the conditions and try to make it cheaper for him, no problem. But i don't see it on "legit" clound minings...

Of course I understand your way of thinking, but there still is unpredictable question of price. In the case of the large increase even old mining rigs can become profitable again.

They will be profitable, but a very stupid decision.

You don't look at the amount you can sell the coins for later on, you have to compare it to the price of how many bitcoins you can buy today.

You can spend $419.83 on 1 bitcoin today. If you spend $419.83 on a miner or a cloud mining contract that gives you less than 1 bitcoin is stupid, because no matter what the price of bitcoin is, 1 bitcoin will always be worth more than 1 bitcoin.

sanadas

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Quote from: aleandromagno on April 01, 2016, 12:04:06 PM

Quote from: mrcash02 on March 31, 2016, 04:33:46 PM

Quote from: GermanGiant on March 31, 2016, 02:42:55 PM

Quote from: mrcash02 on March 31, 2016, 02:39:52 PM

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

A person buying the hash power at a cheaper rate may make more profit as well. There is nothing unethical about it.

I'm saying about sell something that you know that won't be profitable for the buyer and don't alert him about it. You know that the buyer will lose money with it, but doesn't matter, you are selling your fish...

If you say about the risk, that it can be hard to get ROI, explain all the conditions and try to make it cheaper for him, no problem. But i don't see it on "legit" clound minings...

Of course I understand your way of thinking, but there still is unpredictable question of price. In the case of the large increase even old mining rigs can become profitable again.

Yes. But then, it is better to buy the coin itself. It all depends on your entry point. But cloud mining companies are garanteed to make more money.

aleandromagno

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Quote from: mrcash02 on March 31, 2016, 04:33:46 PM

Quote from: GermanGiant on March 31, 2016, 02:42:55 PM

Quote from: mrcash02 on March 31, 2016, 02:39:52 PM

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

A person buying the hash power at a cheaper rate may make more profit as well. There is nothing unethical about it.

I'm saying about sell something that you know that won't be profitable for the buyer and don't alert him about it. You know that the buyer will lose money with it, but doesn't matter, you are selling your fish...

If you say about the risk, that it can be hard to get ROI, explain all the conditions and try to make it cheaper for him, no problem. But i don't see it on "legit" clound minings...

Of course I understand your way of thinking, but there still is unpredictable question of price. In the case of the large increase even old mining rigs can become profitable again.

cryptodevil

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Quote from: sez1001 on March 30, 2016, 01:07:41 AM

What is the catch with cloud mining?

I see you could purchase 10Th/s for less than what two S7's would cost to buy?

What am I missing? Huh

Sez xx

The fact that they are predominantly not mining at all but are ponzi scams. That's what you're missing from your calculations, real hardware versus shitbag criminals running fraudulent 'cloud mining' operations, just like the one in my sig.

mrcash02

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Quote from: GermanGiant on March 31, 2016, 02:42:55 PM

Quote from: mrcash02 on March 31, 2016, 02:39:52 PM

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

A person buying the hash power at a cheaper rate may make more profit as well. There is nothing unethical about it.

I'm saying about sell something that you know that won't be profitable for the buyer and don't alert him about it. You know that the buyer will lose money with it, but doesn't matter, you are selling your fish...

If you say about the risk, that it can be hard to get ROI, explain all the conditions and try to make it cheaper for him, no problem. But i don't see it on "legit" clound minings...

GermanGiant

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Quote from: mrcash02 on March 31, 2016, 02:39:52 PM

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

A person buying the hash power at a cheaper rate may make more profit as well. There is nothing unethical about it.

mrcash02

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Quote from: GreenBits on March 31, 2016, 04:44:26 AM

You are being sold uncertainty.

I often have seen the argument "no one would sell you a thing that would be more profitable had they kept it". This is true, to an extent. If you don't factor in time. I could certainly hold this tiny digital little goldmine for a while, until it crunches it's numbers and solves its equations and generates its value, but time is my enemy. What if the difficulty leaps sky high because of my competitors? What if the price of btc crashes to unprofitability?

Perhaps it would be better to sell it to another fellow, and let him deal with that uncertainty. And build a better goldmine with the value he has traded me.

Perspective is invaluable.

I think someone smart surely will sell mining power for another person. Hard to get investiment back if you bought a real equipment and you need to spend money with eletricity too. And when the mining become harder you will lose power and earn less and less BTC...

If you sell your power to another person, the problem will be with him... I think it's not an ethical or honest action, but it's the truth about mining BTC profit.

GermanGiant

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Quote from: crazyivan on March 31, 2016, 06:00:57 AM

Is it run by honest people? Yes, extremely honest.

Who are these people ?

Quote from: crazyivan on March 31, 2016, 06:00:57 AM

DMD Diamond s been around for over 3 years and NOT A SINGLE PERSON HAS EVER BEEN SCAMMED. It says a lot and I dont think there are many other operations which can state the same.

When was it launched ?

BitMaxz

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I think mining for now is not profitable and i think theres still no legit cloud mining.. better to wait on april after halving maybe someone will start Legit cloudmining if mining is profitable after halving ends.. for now just hold more bitcoins and collect more bitcoin to make profit after halving..

Phildo

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Quote from: GreenBits on March 31, 2016, 04:44:26 AM

You are being sold uncertainty.

I often have seen the argument "no one would sell you a thing that would be more profitable had they kept it". This is true, to an extent. If you don't factor in time. I could certainly hold this tiny digital little goldmine for a while, until it crunches it's numbers and solves its equations and generates its value, but time is my enemy. What if the difficulty leaps sky high because of my competitors? What if the price of btc crashes to unprofitability?

Perhaps it would be better to sell it to another fellow, and let him deal with that uncertainty. And build a better goldmine with the value he has traded me.

Perspective is invaluable.

You listed many good reasons why someone who had a miner would rent it out/sell it to someone else.

Those all happen to be the exact reasons why you would be a moron to buy/rent that miner from that person.

crazyivan

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Quote from: Snorek on March 31, 2016, 05:38:17 AM

Quote from: mrcash02 on March 30, 2016, 10:22:35 PM

The catch with clound mining is that almost all of them are HYIP, Ponzi, so GH/s, S7, mining power... don't matter for the site owner. He just want to bring user's money to his pocket. And to make it interesting he promise high rewards (better than any legit unprofitable clound mining site). In the beggining the site pays everybody to lure more and more users, but at a beautiful day when you are almost getting your investiment back the site closes and everybody is scammed.

Lets be realistic. If you see cloud mining company which offers you MUCH better terms and promised profits above average then you know something could be wrong.
People who are investing in these type of things knows that too, they risk money because if they are early adopters in Ponzi scheme then they will profit.

This is why I recommend DMD Diamond. First, it s very realistic, do not expect ROI before 18 months time. No get rich quick promises. Second, the cloud s not striclty based on mining opearations, payments come from other stuff, including lending and staking.

Is it risky? Yes, as any other online investment.

Is it run by honest people? Yes, extremely honest.

DMD Diamond s been around for over 3 years and NOT A SINGLE PERSON HAS EVER BEEN SCAMMED. It says a lot and I dont think there are many other operations which can state the same.

Snorek

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Quote from: mrcash02 on March 30, 2016, 10:22:35 PM

The catch with clound mining is that almost all of them are HYIP, Ponzi, so GH/s, S7, mining power... don't matter for the site owner. He just want to bring user's money to his pocket. And to make it interesting he promise high rewards (better than any legit unprofitable clound mining site). In the beggining the site pays everybody to lure more and more users, but at a beautiful day when you are almost getting your investiment back the site closes and everybody is scammed.

Lets be realistic. If you see cloud mining company which offers you MUCH better terms and promised profits above average then you know something could be wrong.
People who are investing in these type of things knows that too, they risk money because if they are early adopters in Ponzi scheme then they will profit.

GreenBits

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You are being sold uncertainty.

I often have seen the argument "no one would sell you a thing that would be more profitable had they kept it". This is true, to an extent. If you don't factor in time. I could certainly hold this tiny digital little goldmine for a while, until it crunches it's numbers and solves its equations and generates its value, but time is my enemy. What if the difficulty leaps sky high because of my competitors? What if the price of btc crashes to unprofitability?

Perhaps it would be better to sell it to another fellow, and let him deal with that uncertainty. And build a better goldmine with the value he has traded me.

Perspective is invaluable.

Topic: Cloud mining? (Read 1525 times)