Topic: Cloud mining Advise - page 3. (Read 2610 times)
I have to say this at first you shouldn't invest in cloud mining. But if you really want to do use Genesis Mining or Hashnest. Other sites are known ponzi systems.
As the posters above me already suggested, stay away from the cloud mining completely. In fact, mining at all, here I mean mining with your own rigs has become totally unprofitable unless you have a source of a very, very cheap electricity. If you don't, stay away.
You are better investing directly into Bitcoin start-ups or just buying bitcoins and stashing them somewhere.
Good luck!
You are better investing directly into Bitcoin start-ups or just buying bitcoins and stashing them somewhere.
Good luck!
The only mine I seen is .001 per Gh if you buy 20k GH.
Could you please let us know which cloud mining you are talking about here ?Regarding profitability, once you know the price of Ghash for your chosen cloud mining website, you may use any of the following calculators...
i. www.cloudmining.website/calculator.php
ii. https://alloscomp.com/bitcoin/calculator
I am thinking of cloud mining to save me the hassle of the equipment and all. Is this a good choice? If it is what would you recommend and where should I start? I have seen many threads in here about it, but it is hard to tell which is good and which is a bad idea to listen to. The only mine I seen is .001 per Gh if you buy 20k GH. Now are these charges for the entire contract or just for the month? It is so confusing. Thank you in advance for the help.
No, it's not a good investment choice. You probably lost your money to cloud mining companies.
Most of the cloud mining firms are ponzis.
Legit cloud mining firms has no ROI chance in their package. High maintenance fees, low earnings. It's almost impossible to gain anything from them.
Stay away from cloud mining!
hello and firstly, welcome to the board.
I have to disappoint you right from the start, but avoid any form or provider of something what is including "cloud" in bitcoin world. it is usually full of scam or offers, which will never bring you any profit or/and works like ponzi without real HW behind.
yes, there are some legit cloud providers, but as mentioned earlier, they are not profitable at all. you can read explaining post about "cloud" stuff here to fully understands the details:
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
cheers.
I have to disappoint you right from the start, but avoid any form or provider of something what is including "cloud" in bitcoin world. it is usually full of scam or offers, which will never bring you any profit or/and works like ponzi without real HW behind.
yes, there are some legit cloud providers, but as mentioned earlier, they are not profitable at all. you can read explaining post about "cloud" stuff here to fully understands the details:
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
cheers.
I am thinking of cloud mining to save me the hassle of the equipment and all. Is this a good choice? If it is what would you recommend and where should I start? I have seen many threads in here about it, but it is hard to tell which is good and which is a bad idea to listen to. The only mine I seen is .001 per Gh if you buy 20k GH. Now are these charges for the entire contract or just for the month? It is so confusing. Thank you in advance for the help.
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