Topic: Cloud mining? - page 2. (Read 1495 times)
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.
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?
Sez xx
U r missing the initial investment cost, longevity, difficulty, bitcoin price etc. 10Ths cost is 7 BTC on www.cloudmining website and they are paying consistently since 2014 (ref: www.cloudmining website/payments.php). It is like digging gold alone is unprofitable, but when do it in a large scale, u make huge profit.I see you could purchase 10Th/s for less than what two S7's would cost to buy?
What am I missing?
Sez xx
This is scam site. Already is opened scam accusation against this service:
https://bitcointalksearch.org/topic/user-cloud-mining-is-now-deleting-posts-warning-of-his-ponzi-scam-in-thread-1416687
I heard many times in many forums out there that cloud minings are scam and some of them are legit but i experience before i've scam in other cloud mining site that they are always offer to me to join but in the end scam.. if you remember scrypt.cc is the site domain..
I was very fond on cloud mining at first when it came out. I thought is is the best way to invest money as you pay for mining and earning on steady rate etc.But as time progresses and many cloud mining projects turned out to be scams in disguise of mining, it is really hard to determine if cloud mining company is legit.
And now when halving is approaching I think that cloud mining era is finally over.
I heard many times in many forums out there that cloud minings are scam and some of them are legit but i experience before i've scam in other cloud mining site that they are always offer to me to join but in the end scam.. if you remember scrypt.cc is the site domain..
Beware as of now theres no legit cloud mining site.. and cloud mining right now is not profitable you just lost your money.. and wasting your time.. better to join in signature campaign or if you have a lots of money you can start micro lending in lending section you can make interest and collateral and make a profit fast...
No point investing into cloud mining anymore, since halving is so close. After the block halves, no current ASIC machine will be profitable unless BTC price goes up big time.
Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
I taught no mining cloud is for real now a days but a recommendation coming from a hero member would be worth checking I do looking for this kind of mining investment but it all ended to a hyip/ponzi/crowdfunding it so hard to finding one that will generates good profit, thank you for this sir.Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
It gets even better. The way DMD Diamond cloud works is they offer supplemented and fast payouts until you reach ROI which gets reduced after you reach ROI. This means you get 5x payouts until you hit ROI and after that you keep getting 1x payouts. This enables you to get your money back and invest into something else which still earning small daily payouts. A very nice system. I ll gladly provide proof about my ROI to anyone interested. It s not get rich quick scheme but these people re really honest and DMD Diamond has brought me nothing but profits for the last 2 years.
From my experience, I joined Genesis mining back in November 2015 but purchased their X11 mining contract for 1 year, they do pay out but the payment amounts are erratic, with the X11 contract they mine some alts and then convert it into BTC I 'should' make ROI in just over 12 months.
In their thread https://bitcointalk.org/index.php?topic=602022.4180 I know some people have been dismayed by the lifetime bitcoin contracts and their payouts but the X11 seems to be working so far for me. I have been stung by a few scam sites previously when I first started out so I have only looked at Genesis recently.
In their thread https://bitcointalk.org/index.php?topic=602022.4180 I know some people have been dismayed by the lifetime bitcoin contracts and their payouts but the X11 seems to be working so far for me. I have been stung by a few scam sites previously when I first started out so I have only looked at Genesis recently.
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?
Sez xx
U r missing the initial investment cost, longevity, difficulty, bitcoin price etc. 10Ths cost is 7 BTC on www.cloudmining.website and they are paying consistently since 2014 (ref: www.cloudmining.website/payments.php). It is like digging gold alone is unprofitable, but when do it in a large scale, u make huge profit. I see you could purchase 10Th/s for less than what two S7's would cost to buy?
What am I missing?
Sez xx
There are cloudminings that does have a mining farm but most ponzi copies this and disguises theirselves so it's often hard to know which is which.
You are missing that they are all hidden ponzi type scams, or outright scams.
Why would someone rent/sell you 10th for less money than the miners will generate?
Why would someone rent/sell you 10th for less money than the miners will generate?
You are missing that they are all hidden ponzi type scams, or outright scams.
Why would someone rent/sell you 10th for less money than the miners will generate?
Why would someone rent/sell you 10th for less money than the miners will generate?
No point investing into cloud mining anymore, since halving is so close. After the block halves, no current ASIC machine will be profitable unless BTC price goes up big time.
Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
I taught no mining cloud is for real now a days but a recommendation coming from a hero member would be worth checking I do looking for this kind of mining investment but it all ended to a hyip/ponzi/crowdfunding it so hard to finding one that will generates good profit, thank you for this sir. Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
No point investing into cloud mining anymore, since halving is so close. After the block halves, no current ASIC machine will be profitable unless BTC price goes up big time.
Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
Actually, the only cloud mining service which I can recommend is DMD Diamond cloud, I have reached ROI there after about 18 months and it keeps bringing me profits. The reason behind this is the fact you receive your payouts in DMD Diamond, which is a PoS coin, generates 25% annual interest rate. This speeds up ROI big time. Also, you payouts come from various sources, not only actual cloud. It s been also run by EXTREMELY honest and trustworthy people.
The link is bellow my avatar. No referral or any other shit. Just an honest recommendation.
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?
Sez xx
I see you could purchase 10Th/s for less than what two S7's would cost to buy?
What am I missing?
Sez xx
The electricity cost on the hosting. It make a serious dents on the profit and when the profitability go down, the hosting cost does not so you're left with mostly worthless hash.
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?
Sez xx
I see you could purchase 10Th/s for less than what two S7's would cost to buy?
What am I missing?
Sez xx
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