Cloud mining - page 2. | Bitcointalksearch.org

player514

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Quote from: rakibul1364 on March 26, 2018, 03:14:02 AM

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Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time.

Share your thoughts.
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No! They have never been and will never be. Think of it logically. If a company has the money to buy all of these different miners, why would they want to sell the mining power? They can just use it for themselves and keep the profits. If they were to sell it to people, then they would have to up-charge, and fewer people would want to use the service.

Overall, I've never heard any form of success from cloud mining. Even if the site isn't a scam, it usually ends up with terrible profit margins that don't really make sense to pursue.

bitbunnny

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I think it was said so many times before, avoid cloud mining unless you want to lose the funds.
Legit cloud services are very rare and it's hard to recognize them and majority are unfortunately scam scheems you don't want to be involved in.
If you ask me cloud mining is way too risky and they hardly wait to get another victim. Just stay away, it's the smartest thing you can do.

mk4

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Whether or not a cloud mining service is legit or not, I really doubt it will be profitable. Best case scenario is that you'd break-even from your investment cost. If you want to profit from mining, then do real mining and purchase proper hardware.

aoihs00

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Quote from: rakibul1364 on March 26, 2018, 03:14:02 AM

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Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time.

Share your thoughts.
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Bro you can find many threads like this around and this thread is unnecessary for you to get your answers.

In short summary :

Cloud mining is scam due to its un-tolerable charges, fees, contract structures, minimum withdraw limits and much more to count on. Many of them are just posing to mine the currencies but they are not doing anything but just posing! Said that twice so that you can understand whats going on here. For cloud mining to work these people must put some extra cash from their pockets but they wont do it because it is far costlier to do so. You dont get money back from such schemes because you never reach the minimum withdraw limit before ending of your contract. So many fishy things in their which you need to take care of and at the end you get exhausted and forget about the money.

teddy5145

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Most of cloud mining are just Ponzi Scams/ Pyramid Scheme
Don't know about it? read this Wikipedia Article
https://en.wikipedia.org/wiki/Pyramid_scheme

There are a few legit cloud mining but its hardly profitable, you'd waste your money on buying Hash and long ROI.
I'd suggest to use your money to invest in something else, or buy a mining rig and join a Mining Pool.

rakibul1364

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Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time.

Share your thoughts.
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Topic: Cloud mining - page 2. (Read 274 times)