Cloud Mining - page 4. | Bitcointalksearch.org

keyscore44

legendary

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Quote from: andrewbadr on March 06, 2017, 07:15:31 AM

Quote from: Teraboy on March 06, 2017, 03:19:00 AM

Quote from: AncientEnemy on March 04, 2017, 02:57:13 PM

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. Cheesy

Included on which scam site list?
I think both have been around long enough to survive. And isn't genesis mining part of the Winklevoss exchange genesis? They are the one's creating the bitcoin ETF. So they will only run if their ETF fails to get approved and then their exchange of bitcoins loses enough money and goes under.

If we talk about hashflare.io - is listed on http://www.badbitcoin.org - some people are sure that they are legit, but I personally doubt in that.
I also doubt if Genesis-Mining have anything to do with Winklevoss brothers - any source?
Genesis-Mining many times show that they really have mining farm, anyway from long time contracts with them are not profitable.

andrewbadr

full member

Activity: 174

Merit: 100

Posts made Jan-March 2017 are not by me

Quote from: Teraboy on March 06, 2017, 03:19:00 AM

Quote from: AncientEnemy on March 04, 2017, 02:57:13 PM

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. Cheesy

Included on which scam site list?
I think both have been around long enough to survive. And isn't genesis mining part of the Winklevoss exchange genesis? They are the one's creating the bitcoin ETF. So they will only run if their ETF fails to get approved and then their exchange of bitcoins loses enough money and goes under.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: AncientEnemy on March 04, 2017, 02:57:13 PM

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

If you see about the genesis mining and hashflare it looks like the legit cloudmining site but it will never give back your ROI and it's also including on the scam site. Cheesy

BigBoom3599

sr. member

Activity: 462

Merit: 250

Quote from: alphabeta0 on March 04, 2017, 11:28:55 PM

What about renting cloud computing for yourself like Amazon?

It rarely ever works, you'd have to be on the lookout for coins that were just pumped really hard, but their difficulty is still low so that you can then mine it with profit for a day or so... Not really worth it IMO.

sotisoti

hero member

Activity: 762

Merit: 500

Quote from: alphabeta0 on March 04, 2017, 11:28:55 PM

What about renting cloud computing for yourself like Amazon?

Well, it depends. If the coin is relatively new, has low difficulties and no pool mining available yet, most likely you will be able to mine a lot.

alphabeta0

newbie

Activity: 14

Merit: 0

What about renting cloud computing for yourself like Amazon?

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: ?? on ??

Maybe I something did not understand, but my computer is turned on earns per day 3K+ Satoshi. It's not big money, but they're not superfluous. The website pays consistently. If anyone is interested here is the link [reflink]
If I don't understand the topic then I'm sorry.

Your computer earns about $0.04 worth of BTC per day, or about $14 worth of BTC per year. If you want $14 worth of BTC, it would be much easier, faster, and convenient to just to buy it.

Also, consider that your computer probably uses at least 500W, or 0.5 kWh/hour. If you pay $0.10 per kWh, then you are paying $0.12 for that $0.04 worth of BTC.

Coinonat

newbie

Activity: 28

Merit: 0

Quote from: metokr on March 03, 2017, 06:37:21 PM

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Most of the cloud mining sites are scams and not trustworthy. Besides,cloud mining is no linger profitable nowadays.

AncientEnemy

member

Activity: 108

Merit: 10

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

metokr

member

Activity: 60

Merit: 10

Thank you all guys

BigBoom3599

sr. member

Activity: 462

Merit: 250

Quote from: digaran on March 04, 2017, 05:21:34 AM

I understand that cloud mining is a risk(legit and trusted ones) but if you invest a large amount in those trusted services and keep your coins instead of selling them immediately after mining you could get a nice profit when price goes up.

You might as well just buy and hodl coins then... Bitcoin is already a risky investment, there's no need to add more risk by cloud mining for little reward. Cloud mining is just not worth it considering risk/reward IMO.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

I understand that cloud mining is a risk(legit and trusted ones) but if you invest a large amount in those trusted services and keep your coins instead of selling them immediately after mining you could get a nice profit when price goes up.

Rupucers

member

Activity: 105

Merit: 10

Quote from: BTCmax24 on March 04, 2017, 02:16:07 AM

Mining is just a waste of time buddy. Much better to do signature campaig and some trading bitcoin, but to do that you need to learn how to analyse and study the coins project.

Minning can be highly profitable. It just depends on various factors, like coins you mine, electricity costs and etc.

layoutph

sr. member

Activity: 1372

Merit: 255

Hi dude , stay away from cloud mining.. All of them are silent scammers. Most of them spent their advertising campaigns from high affiliate commissions.

But once a target fund achieve they will just disappear ,and all invested Bitcoins are scammed.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: metokr on March 03, 2017, 06:37:21 PM

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

No its not. Its mostly scams.
Best investment is to just HOLD it. Thats it, no need to try to loose it.

BTCmax24

full member

Activity: 140

Merit: 100

Mining is just a waste of time buddy. Much better to do signature campaig and some trading bitcoin, but to do that you need to learn how to analyse and study the coins project.

Dmitry.Vastov

hero member

Activity: 840

Merit: 520

Even you invested in a trusted cloudmining doesn't guarantee you could get profit from that. Cloudmining is a risky investment. Many are complaining about them. Cloud mining can collapse anytime and possibly never return your investment. Plus, its not profitable anymore. You lose on both. Stay away from them.

pooya87

legendary

Activity: 3472

Merit: 10611

this topic has some good information about cloud mining: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
it is a bit old now but the principle is still the same. try to read it and try to check the "Criteria" part on your own trying to find answers about a new cloud mining on your own.

blackmagician

sr. member

Activity: 462

Merit: 250

Quote from: metokr on March 03, 2017, 06:37:21 PM

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Just a reminder mining these days is not profitable ,some cloud mining sites will turn into scam before you get your roi back. Do not invest in cloud mining, and even doublers you will only lose your money without nothing in return.

metokr

member

Activity: 60

Merit: 10

Quote from: crairezx20 on March 03, 2017, 06:48:53 PM

Quote from: metokr on March 03, 2017, 06:37:21 PM

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

They are not trusted in my own opinion most of them are scam if you really want to gain a good profit for mining better to buy your own hardware mining like s9 or build a rig for altcoin to mine.. Better to forget about those cloud mining site..

Honestly your question is already been answer by many members here and i hope we use the search button first before proceeding to make a thread. well we can not blame newbie because we know you don't know what you are doing..

Thank you all for your answers . I tried searching the forum about answers to cloud mining but I could not find before

Topic: Cloud Mining - page 4. (Read 5795 times)