Cloud Mining doubts - page 2. | Bitcointalksearch.org

Babayega31

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Quote from: TastyChillySauce00 on July 21, 2016, 04:44:38 AM

Quote from: GregH37 on July 21, 2016, 04:22:25 AM

First you said you read many topics in this forum about cloudmining and still you want to invest into them?
I am sure you don't aware of reality of cloudmining sites. you are pretty much loosing your money in a scam site.
I have used some cloudmining sites my self and got scammed and about the rest sites I read reviews and found all cloudmining sites are potentially scammers.
like hashocean, cloudmining.website. and all.

if you have money and want to invest them then find a better source to invest but don't loose them in cloudmining.

you can't generalize like that,some cloudmining also have legit service but very few,even you really not encouraged to put all of your trust to some of legit cloud mining site because they still have the potential to turn and scamming people,but just keep in mind that majority of cloud mining is a ponzi,so if you really don't want to lose some money,so don't invest
just see this : https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 hope you understand

Yes eventhough they are legit company one but we cannot really asure that they will not run since we already know that blocks have more difficult to find these year and that could be a financial breakdown to them thats why they really need investor to sustain there company maintenance fee and i dont really be surpriser if one of these days they will shutdown their operation because they are in real trouble that could lead them to lose even more money if they will continue.

samcoin

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the mining before the halving maybe was a bit worthy , but now after the mining difficult has increased I don't think the mining is worth the electricity and other equipment cost , especially if the electricity cost is expensive like what it is in your country , for that , you must choose another method if you want to get Bitcoin .

TraderETH

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I think it is about Investment in cryptos coins and not cloud mining only, as we know cryptos coins are high risk. And every Investment there are risk so we must make Investment with can lost it.

TastyChillySauce00

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Quote from: GregH37 on July 21, 2016, 04:22:25 AM

First you said you read many topics in this forum about cloudmining and still you want to invest into them?
I am sure you don't aware of reality of cloudmining sites. you are pretty much loosing your money in a scam site.
I have used some cloudmining sites my self and got scammed and about the rest sites I read reviews and found all cloudmining sites are potentially scammers.
like hashocean, cloudmining.website. and all.

if you have money and want to invest them then find a better source to invest but don't loose them in cloudmining.

you can't generalize like that,some cloudmining also have legit service but very few,even you really not encouraged to put all of your trust to some of legit cloud mining site because they still have the potential to turn and scamming people,but just keep in mind that majority of cloud mining is a ponzi,so if you really don't want to lose some money,so don't invest
just see this : https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 hope you understand

GregH37

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First you said you read many topics in this forum about cloudmining and still you want to invest into them?
I am sure you don't aware of reality of cloudmining sites. you are pretty much loosing your money in a scam site.
I have used some cloudmining sites my self and got scammed and about the rest sites I read reviews and found all cloudmining sites are potentially scammers.
like hashocean, cloudmining.website. and all.

if you have money and want to invest them then find a better source to invest but don't loose them in cloudmining.

Babayega31

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Quote from: rphk on July 21, 2016, 03:13:23 AM

Every one says hashnest is legit site. but not sure it is completely legit , sometimes we have so many sites mentioned as legit are turned in to scam ,in case if you are taking risk it is ok , or it is always mining sites are risky.

They are a legit company but i dont think they can be called legit investment sites its because mining for today are not really profitable we all know that and if its not profitable anymore where did they get the money to pay out their investor? In pay in? Who knows but really its very risky to invest newly ones there since many investor didnt still get their roi for the long time of investment so better not to look up their to avoid lossing money if they turn down and cannot sustain their business anymore.

rphk

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Every one says hashnest is legit site. but not sure it is completely legit , sometimes we have so many sites mentioned as legit are turned in to scam ,in case if you are taking risk it is ok , or it is always mining sites are risky.

BitcoinSupremo

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Quote from: Herbert2020 on July 21, 2016, 01:37:37 AM

when you invest in a cloudmining service you are taking multiple risks, one of them is what you mentioned the difficulty rise and the bad ROI. but also you are taking another risk which is also bigger and that risk is the risk of them running away. just take a look at hashocean, they were paying until they stopped and ran away.

How can you compare Hashnest which is backed by the official company that produce the antminers with Hashocean which was just some imaginary cloud mining with imaginary databases around the world. Hashnest will not go away but they maybe stop the mining after some time if its not profitable to resume later when they have better efficiency miners. Hashnest is the number one legit company in cloud mining yet and this will not change unless some other company makes huge huge investments to compete with it, very much unlikely to happen.

To OP Hashnest will be here and not go away , all others may go as they are not backed by real companies like Bitmain is backing Hashnest with its Antminers. Regarding ROI is difficult to achieve because of raising difficulty of bitcoin.

senyorito123

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Cloudmining are topic in here nowadays and im very sure that many people now are more aware the risk regarding on investing with it since we all know mostly all of them are scam, and people should really think twice regarding to it since we know that blocks have high difficulty to find thats why most of company now are turningdown their operation And thats the reason really we need to avoid so we will not face money loss with this scheme's.

Herbert2020

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when you invest in a cloudmining service you are taking multiple risks, one of them is what you mentioned the difficulty rise and the bad ROI. but also you are taking another risk which is also bigger and that risk is the risk of them running away. just take a look at hashocean, they were paying until they stopped and ran away.

jaceefrost

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I doubt you can get a nice time frame to get roi if you are going to invest in cloudmining today. It is no longer profitable. Might as well find another way of making money. Cloudmining these days offers low profit an if it gives a better payout, the chance of it being a ponzi is much greater.

Xanidas

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Quote from: eduardomjus on July 20, 2016, 08:52:17 PM

Hello

Before reading many topics in this forum, because I'm live at Brazil, no way to buy some S7 or S9 or GPU to mine, BTC o ETH whatever ..
Price of electricity is very expensive ... kwh is + or - 9$ per day .. (average)
My question here is: When I talk here about cloud mining, each people indicate to use hashnest.com, but when used cloud mining at cex.io, i did not get good profits, and now, cex.io is not working with cloud mining anymore.
Would it be possible for you to refer me indicate to another cloud mining alternative that can be trusted ?

I have spend a good time to read and calc about values for ROI and found out that it is not a good idea to buy a S7 at hashnest according to these numbers:

initial cost for one s7 = 370$
4860GH/s
operating cost per day: 7.483$
operating cost per week: 52.38$
operating tcost per month: 224.5$

If this site: https://bitcoinwisdom.com/bitcoin/difficulty and my calculations is correct, to recover the investment of 370$ i would need two months.
Are these numbers correct ?

Is it worth the investment since everiday diffucult increases and ROI decreases ?

Thanks for the help !

before the halving, you can reach ROI on hashnest in around 3months or maybe + few weeks more and after the halving you could ROI in around 7months if the difficulty don't change. in your calculation, you only compute the operating cost and not the income that you will get. if you want to but hashing power on hashnest, it is better to wait for them to release the s9 as it is much profitable than s7 currently

eduardomjus

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Hello

Before reading many topics in this forum, because I'm live at Brazil, no way to buy some S7 or S9 or GPU to mine, BTC o ETH whatever ..
Price of electricity is very expensive ... kwh is + or - 9$ per day .. (average)
My question here is: When I talk here about cloud mining, each people indicate to use hashnest.com, but when used cloud mining at cex.io, i did not get good profits, and now, cex.io is not working with cloud mining anymore.
Would it be possible for you to refer me indicate to another cloud mining alternative that can be trusted ?

I have spend a good time to read and calc about values for ROI and found out that it is not a good idea to buy a S7 at hashnest according to these numbers:

initial cost for one s7 = 370$
4860GH/s
operating cost per day: 7.483$
operating cost per week: 52.38$
operating tcost per month: 224.5$

If this site: https://bitcoinwisdom.com/bitcoin/difficulty and my calculations is correct, to recover the investment of 370$ i would need two months.
Are these numbers correct ?

Is it worth the investment since everiday diffucult increases and ROI decreases ?

Thanks for the help !

Topic: Cloud Mining doubts - page 2. (Read 1300 times)