Cloud mining - Is it worth the risk ?

JessicaSe

legendary

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Quote from: wec on September 25, 2014, 04:01:03 PM

Hello guys, i bought 3GH/s scrypt in genesis mining, that was 47.56 euros and i expect 4-5 months of ROI considering my earnings this week (first week).

Do you think is it worh to buy a lot of hash power in these services, i mean heavy investments like 100, 200, 300 euros investment and so on ? or with that kind of money there is other better options to thrive ?

Thanks a lot in advance for the help

You should buy from ltcgear, it seems like the best ROI right now...

AizenSou

hero member

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Quote from: wec on September 26, 2014, 04:35:12 AM

can you give me any example of someone earnings or reviews or something about LTCgear ? How those guys buy that amout of hash power with so great risk, have someone made great profit with cloud mining ?

You can read the review from Minerjoe here
https://bitcointalksearch.org/topic/ltcgearcom-the-best-scryptscrypt-nx11-cloud-mining-service-not-paying-759743

Of course every high return investment comes with a risk, just how could you accept it and calculate it best for your choice. I know some people who has been very long in ltcgear and never hear any complain. I myself involved since a month and it works flawlessly since then. IMHO with other cloud mining services, the one who makes the most money is not you but the owner.

wec

jr. member

Activity: 66

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Quote from: Sandy79 on September 26, 2014, 01:35:31 AM

Just found a great deal from HashProfit:

Mine Bitcoin for FREE for the next 7 days!

You get 200,000 KHS (will earn approx $0.57/day) for 7 days plus a 10,000 welcome bonus. You also have the option to buy more KHS at a 35% discount today.

https://hashprofit.com/en/registration/?hp=54087

please don't do that, i've looked into that and read some reviews, they all say it sucks...

Quote from: Minerjoe on September 26, 2014, 12:06:34 AM

Heavy investment 100 euros??? Dude, I know people who invresed $30 000 into cloud mining. BTW, LTCgear is the best, great payout. GAW and Genesis come second and third.

can you give me any example of someone earnings or reviews or something about LTCgear ? How those guys buy that amout of hash power with so great risk, have someone made great profit with cloud mining ?

Rookie41

newbie

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Quote from: Sandy79 on September 26, 2014, 01:35:31 AM

Just found a great deal from HashProfit:

Mine Bitcoin for FREE for the next 7 days!

You get 200,000 KHS (will earn approx $0.57/day) for 7 days plus a 10,000 welcome bonus. You also have the option to buy more KHS at a 35% discount today.

https://hashprofit.com *removed referral*

Checked it out:

Your hashrate 200 Kh/s
Earnings with your hashrate 0.00140 BTC per day
or 0.56 USD per day

7 days = 0.00945 BTC = 3.80 USD

Can't withdraw at the end of the trial, unless you invest into hashpower.
Minimum you can buy is 15 Kh/s which is about 9.16 USD , that 15 Kh/s ROI's in about 7 month (~ 206 days) according to them.
So, invest 9.16 USD so you can withdraw your "free" 3.80 USD ...

I dunno, this doesn't look like it makes a lot of money ... ROI of 7 months, slighty quicker if you invest some serious money.

Sandy79

full member

Activity: 164

Merit: 100

Just found a great deal from HashProfit:

Mine Bitcoin for FREE for the next 7 days!

You get 200,000 KHS (will earn approx $0.57/day) for 7 days plus a 10,000 welcome bonus. You also have the option to buy more KHS at a 35% discount today.

https://hashprofit.com/en/registration/?hp=54087

Minerjoe

sr. member

Activity: 406

Merit: 250

Heavy investment 100 euros??? Dude, I know people who invresed $30 000 into cloud mining. BTW, LTCgear is the best, great payout. GAW and Genesis come second and third.

ANTIcentralized

full member

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Quote from: ahmedshawezi on September 25, 2014, 09:11:15 PM

Have any cloud-mining firms provided evidence that they are actually mining?

The BTC cloud mining firms have, as they point all their hashpower to their own pools which have significant portions of the network hashrate.

I Think the main problem is that there is nothing that would force a cloud mining provider to continue to pay out mining rewards to the owners of hashrate. If a pool operator was to stop payouts then miners could simply switch pools, however this is not possible with cloud mining

ahmedshawezi

member

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Have any cloud-mining firms provided evidence that they are actually mining?

wec

jr. member

Activity: 66

Merit: 1

Quote from: ?? on ??

Quote from: wec on September 25, 2014, 04:01:03 PM

Hello guys, i bought 3GH/s scrypt in genesis mining, that was 47.56 euros and i expect 4-5 months of ROI considering my earnings this week (first week).

Do you think is it worh to buy a lot of hash power in these services, i mean heavy investments like 100, 200, 300 euros investment and so on ? or with that kind of money there is other better options to thrive ?

Thanks a lot in advance for the help

I am guessing you mean 3MH/s in scrypt power, you could have gotten the same amount for 45 usd from GAW, im not sure how they deal with EU but its 35.29 Euro.

Hum, as far as i know, the earnings in genesis mining are better, that's why i went through it but you didn't answer my question

wec

jr. member

Activity: 66

Merit: 1

Hello guys, i bought 3GH/s scrypt in genesis mining, that was 47.56 euros and i expect 4-5 months of ROI considering my earnings this week (first week).

Do you think is it worh to buy a lot of hash power in these services, i mean heavy investments like 100, 200, 300 euros investment and so on ? or with that kind of money there is other better options to thrive ?

Thanks a lot in advance for the help

Topic: Cloud mining - Is it worth the risk ? (Read 2146 times)