Cloud Mining - Please help a newbie - page 34.

dothebeats

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Cashback 15%

Quote from: LuckyBtc on March 06, 2015, 08:46:02 AM

Quote from: avw1982 on March 06, 2015, 02:53:44 AM

Just don't do it. I did invest in cloudmining and lost 1,5 btc.

You learnt the hard way. Undecided

Cloud mining is a lucrative trap for newbies.(You're not a newbie though still fell in the trap?) Mining is not profitable either at home with your own hardware or cloud mining.

Maybe he did invest in cloud mining when he didn't know what he's doing = newbie. Well who knows?
Mining is profitable if you have the most advanced hardware and the cheapest electricity in your house. If not, you're still lucky because you don't have to turn on the stove if you want to fry some eggs. Tongue

LuckyBtc

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Quote from: avw1982 on March 06, 2015, 02:53:44 AM

Just don't do it. I did invest in cloudmining and lost 1,5 btc.

You learnt the hard way. Undecided

Cloud mining is a lucrative trap for newbies.(You're not a newbie though still fell in the trap?) Mining is not profitable either at home with your own hardware or cloud mining.

tins

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Quote from: avw1982 on March 06, 2015, 02:53:44 AM

Just don't do it. I did invest in cloudmining and lost 1,5 btc.

I believe a gentleman admitted losing nearly three quarters of a million dollars to GAW's "cloud mining". Now, obviously, we know GAW was a scan from the outset, but at the time it was the same debate. Should one invest in cloud mining?

avw1982

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Just don't do it. I did invest in cloudmining and lost 1,5 btc.

elephantas1

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Quote from: pooya87 on March 05, 2015, 11:13:35 AM

basically in cloudmining you are "giving away" your hard earned money to someone else, most of them shady services, to pay you back little by little. and not even gain any profit!

you are not giving your money away as you earn back your roi at the end and earn a few cents. thats just unprofitable

pooya87

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basically in cloudmining you are "giving away" your hard earned money to someone else, most of them shady services, to pay you back little by little. and not even gain any profit!

TheGrapist

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Quote from: Muhammed Zakir on March 05, 2015, 07:41:12 AM

Quote from: TheGrapist on March 05, 2015, 07:33:44 AM

Cloud mining was good but i lost so much in pbmining

This isn't why you shouldn't invest on fake cloud mining providers, they are Ponzi schemes. Only invest in site which provide proof for their mining and don't invest more than you can loose because humans are unpredictable. Even legit services will turn out to be a scam anytime.

-MZ

Yes i learned it the hard way. though i had got enough ROI , didn't lost my investment but not good profit

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Quote from: TheGrapist on March 05, 2015, 07:33:44 AM

Cloud mining was good but i lost so much in pbmining

This isn't why you shouldn't invest on fake cloud mining providers, they are Ponzi schemes. Only invest in site which provide proof for their mining and don't invest more than you can loose because humans are unpredictable. Even legit services will turn out to be a scam anytime.

-MZ

TheGrapist

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Cloud mining was good but i lost so much in pbmining

ranochigo

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Crypto Swap Exchange

Quote from: RocketSingh on March 01, 2015, 05:30:35 PM

Quote from: Snorek on January 11, 2015, 03:45:20 PM

Quote from: MS.drawing on January 03, 2015, 11:30:38 AM

cloud mining is like a ponzy .... a kinde of scam so take care

If company has no miners and just invest money it is ponzi. But we have pretty reputable companies which actually mine. Just stay away from the shady ones.

Is there any reputable company left which is profitable, considering the ever rising difficulty of the network ?

No. Due to the recent price crash, Maintainence fees/GH has risen thus your profit would be very low. Most reputable company charges large sum for a small hashrate.

Kazimir

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When will people ever learn Embarrassed

kotwica666

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Quote from: techgeek on March 03, 2015, 07:16:40 PM

in my view, mining in general is dead unless you have a mass amount of cash plus willing to off set maintenance cost.

if you look at cloud mining sites, most turn out to be a ponzi eg: pbmining that fooled people in the 1 year doing promotions etc.

The best way to gain bitcoin, would be seeing a normal fiat business to buy more bitcoin at an exchange when prices are right.

Hmm.. So if you have "mass amount of cash" mining is not dead? If not is dead Huh

Just check Bitmain for hardware and Hashnest for cloud mining..

techgeek

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in my view, mining in general is dead unless you have a mass amount of cash plus willing to off set maintenance cost.

if you look at cloud mining sites, most turn out to be a ponzi eg: pbmining that fooled people in the 1 year doing promotions etc.

The best way to gain bitcoin, would be seeing a normal fiat business to buy more bitcoin at an exchange when prices are right.

mlferro

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sorry for my sincerity. Stay away from cloud mining

Dread Pirate Roberts

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hmm legit cloudmining i know just cex.io
but the fee and rate price its killing people slowly.

GermanGiant

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Quote from: MEPHuk on March 03, 2015, 09:03:01 AM

Quote from: Vitamin King on November 09, 2014, 10:57:49 AM

I always wanted to mine but never had enough resource. Over month, I have gathered around 0.11BTC from faucets and twitter giveaways, with which I want to buy hash power. The cheapest one I see around is offered by www.cloudmining.website, which is 0.001 BTC/GHs. But, before I invest, I'd like to know what people want to say about their experience about this service. As it seems, at current difficulty, I should reach ROI at 4 month. Please advise...

I currently have invested in cloudminr myself, on target for ROI for about 12-14 weeks (varies), but i always advise new people to think of it as a gamble, only invest what you can afford to lose.

Golden Advice. Same applies for www.CloudMining.website. They are giving ROI within 114 days...

Source: http://www.cmmonitor.com/24-cloudmining-website.html

MEPHuk

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Quote from: Vitamin King on November 09, 2014, 10:57:49 AM

I always wanted to mine but never had enough resource. Over month, I have gathered around 0.11BTC from faucets and twitter giveaways, with which I want to buy hash power. The cheapest one I see around is offered by www.cloudmining.website, which is 0.001 BTC/GHs. But, before I invest, I'd like to know what people want to say about their experience about this service. As it seems, at current difficulty, I should reach ROI at 4 month. Please advise...

I currently have invested in cloudminr myself, on target for ROI for about 12-14 weeks (varies), but i always advise new people to think of it as a gamble, only invest what you can afford to lose.

newIndia

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Quote from: grendel25 on March 01, 2015, 11:35:02 PM

at this point I'm ready to say that bitcoin is just very risky which is why the price is so low and may go lower. Then again it could soar tomorrow and leave everyone chasing it. The point is that unless you have a really good education in this already and have lots of energy to put into it for trading exchanges, hardware, researching cloud/hyip/ponzi then you're better off to treat this as entertainment and only risk what you're ready to lose.

Basically it's all good. I've been riding a cloudmine for about 2 months and it's been up for about 6 (bitmininglcoudservices) but it's been accused of being a ponzi so i'm just hoping it lasts long enough for me to roi... who knows lol

If u r ready to take the risk, then there are cheaper ones available where u'll ROI faster...

http://www.cmmonitor.com/24-cloudmining-website.html

grendel25

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at this point I'm ready to say that bitcoin is just very risky which is why the price is so low and may go lower. Then again it could soar tomorrow and leave everyone chasing it. The point is that unless you have a really good education in this already and have lots of energy to put into it for trading exchanges, hardware, researching cloud/hyip/ponzi then you're better off to treat this as entertainment and only risk what you're ready to lose.

Basically it's all good. I've been riding a cloudmine for about 2 months and it's been up for about 6 (bitmininglcoudservices) but it's been accused of being a ponzi so i'm just hoping it lasts long enough for me to roi... who knows lol

scott btc

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many cloud mining "company" offer us some contracts with crazy prices...just be careful,
it might be a scam attempt

Topic: Cloud Mining - Please help a newbie - page 34. (Read 82206 times)