Topic: Cloud Mining Some Questions (Read 1209 times)

Okay, i realize about it in this time cloud mining is not different with hyip or ponzi site, but i have any example i have a friend and he is very fanatic with cloud mining site and event the cloud mining is become a scam their and not care about that and always trying for investing in there again and again... maybe my friend is more than stupid person?

And also investing doesn't only mean on hyip investment its because you cannot really earn in that program and hope people would realize that hyips or cloudmining are the same stealer and not worthy to be trusted with, hope people wi learn their lesson since scam is almost happening on cloudmining sites or any what you so could site,  and the best thing to do so this situation will not repeat again is to avoid and make ourself away from scam business.

Everybody, please be careful investing into cloudmining...manny, if not all, are there to scam you...sooner or later
cheers

You need a more learning about your environment, investment is not always about you're providing your funds and putting in any place for getting a profit, try to learning providing your skill it's will more guarantee than just relied for putting your money for getting a profit.

I can understand about your situation on your country (Venezuela) but in my opinion make investment on cloud mining is un worth, because mostly of cloud mining service they has scamed their users. In my opinion you must try making investment on trading altcoins although it is need much time until profit as constantly from it.

Im very pleased with you guys to reply thanks for warn me up a great salute, if anyone have a solution investment here, please reply, i know here is the country that you never will invest, but im trapped here and i need to find the way out im a worker person, i like to learn but if anyone have some solution, what you would do in my situation?

Free electricity? Do a project for other purposes. Don't bother mining nowadays, it sure is hard to even reach ROI even with the newest hardware if you're gonna mine btc. If you want to have some nice profits off of your miner if you ever buy in the future, do some research about altcoins and keep an eye out on promising coins coming in the future or whatever coin is available. And on cloud mining, depositing something and buying their packages is good as throwing money in the river: you'll never get it back.

It is really not recommended to join cloud mining, its a high risk investment, i think you better invest in other place, unless you have a lot of spare money to invest and you are not afraid of losing it, then you can try cloud mining, even the ROI is quite promising but most of them will turn to scam, so its a bad idea to join cloud mining

If you have totally free electricity in your country then starting mining is not a bad idea but you need to have a huge budget to start buying or renting a physical mining rig which from your country economic problems seems a bit hard to achieve this.

About the cloud mining it is not recommended to join because the difficulty changes often and the profit goes decreasing every time and probably at the end you will not get your payment (or after a delay).

all i'm going to say is track back old payments from cloud mining sites (Hashocean,Bitsrapid,Coince and the new coince webiste (http://koinkey.com/ (just check the different pages and you will get the different phone numbers the scammers are using, there's a different one on each page lol)) for years and you will see there all run by the same group of scammers or scammer, don't been fooled  because all your money is getting directed to 2 Chinese exchanges and xapo account and if anyone wants to argue on that fact, tell me why payments to the main processor come from double your bitcoin sites ? hmmmm, if you look at payment trails hashocean users paid bitsrapid users which paid coince users and now coince wallets are moving servers just now so they can start funding the rest of coince websites, just search coince phone number in google see what you find trust me "the rabit hole" is big and the same scammer had been scamming people since they days of 50BTC mining pool because the cold wallet for 50BTC which was also the payment wallet for GHash (which where the same scammer and wallet) well that wallet was part of the coin mixer and how could that happen if it wasent the same scammer but be careful :-) and I've only been in crypto for over a year and that's the information I've found out, so do your research and don't be conned and if any company says there registered in the UK i.e coince and koinkey then check here its  the government site with all registered company's https://beta.companieshouse.gov.uk/ if there name isn't down there fake and if its a ltd company that's only ever had £1000 in there account and changed CEO a lot of times like conice registration in companys house, shows a scammers registered a company some how, do your research listen to the experienced people on here and be safe, have a good day/night where ever you are

Hashnest? but i think in cloud mining is always having same possibilities but i think too bad joining in cloud mining maybe i can say no for the cloud mining site. let's see the a lot of people's review in here.

https://bitcointalksearch.org/topic/is-hashnest-okay-for-a-starter-cloud-miner-1525038

Yes never think about cloud mining reading all replies it is clear that cloud mining websites are mostly scam. If there is any trusted website live but do not have good roi,
So it's better buy antmioner and mine with your free electricity all the best. 

It mean i should never think about could mining
Yeah you are right and nice explanation
Thanks for the advise ..

An easy rule of thumb is: "All Cloud Mining is a scam"

It may not be completely 100% accurate, but I can guarantee that application of this rule will definitely prevent you from losing any money and/or BTC to cloud mining scams. As far as I can tell, there is maybe one or two so-called "cloud mining" operation that are legitimate and pay out... however, the amounts are so small that you'd probably get a better return on your investment by putting the money into a normal bank account and getting 1% interest

The margins for miners (especially since the halving) have become fairly small... they barely make any money for themselves even with low cost/free electricity... how are they supposed to give any money to investors?

As i remember your politicians doesnt allow you or anyone to mine bitcoins, the last time i read about a bitcoiner from Venezuela, they were sent to prison, if you able to buy some parts and build your rig would be better, or try to save a bit to buy the asics, but buy just smal units, otherwise you will bring attention and problems to you.

Which cloud mining is 100% real ?
because i heard many are fake and scam ..
any one who can advise ?

I believe this is about the best that you are going to get with guessing on some of these sites. 
As many people over the past few years have discovered that solo mining with graphics card will not letting make money. So, they perfer cloud mining.

perhaps the time for actually doing your research was prior to making an investment.....have fun losing your money and hope you have learned a lesson

I think cloud mining 4 month is break event point plus profit
capital money 25dollar after 4 month to 34dollar, is not real mining because real mining is profit very low
mayber over one year is  break event point

Thanks everyone for reply, i will consider, im going too have a conversation with some cooperatives here, i think they dont know nothing about this,
and i can set the miners by myself i read enough and maybe i can go through this, thanks everyone for reply. <3