Topic: Cloud Mining Some Questions (Read 1212 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

oh man free electricity is the heaven for miners , you should take this opportunity to save some money and start mining yourself
mining with no electricity costs is really good , so you should go for it
I don't want to dissapoint you but you made a big mistake when you invested in GM

Mining can be done from you now and its not worthy to join any cloud mining. The best ones like Hashnest you will never ROI with them so its a loss on investment there. If you have cheap electricity you can buy a computer rig to mine altcoin or you can buy an expensive antminer to mine bitcoins. At least you are in charge there and you can turn them off when you want if you see that mining is not going well. But with free electricity or even with cheap one with an antminer s9 you can be very much profitable.

best way will be buying antiminer as you have free electricity you get better return ..because genesis mining you never get roi before that you mining hardware will closed due to not profitable as per genesis .. you can search in this forum and you can see how much people are depressed by investing in genesis mining   

best is to buy rather than investing cloud mining , as everyone knows that cloud mining sites are very risky and so many cloud mining sites gone scam . best is to buy and hold it . or invest in some legit sites or trading . or running your own sites like gambling , facet sites etc. , always do research before investing on any sites as so many sites are not legit.

There's a difference between Mining (actual with rigs) and cloud mining.
With actual mining you have to take into consideration the cost of electricity because the mining rigs that you will use eats up a lot of electricity, on top of that you also need to consider the ventilation, just like a normal computer, you need to keep those mining rigs cool so with out proper ventilation, your mining rigs will not last, with that in mind that will cost you more electricity.

With cloud mining, you don't need those mentioned above, all you need to do example is Genesis Mining, register, buy some hash power, wait for it to grow, that is if you will earn from them because I heard those cloud mining sites charges a lot on maintenance fees so I guess its not worth it.

If you can, stay away from cloud mining, there's a big risk there of not earning back your money as promised by the site. If you have enough money to invest, try actual mining but prepare for the operating costs.

Its better for you to keep away on genisis mining since their so many people now are shouting and claiming that they never reached and get proper roi for investing at them and if you are not still yet convinced with our words here well its better for you to do some little more reasearch about that company.

And since youve got a free electricity in your country well try to make way to set up your very own hardware maybe you can earn profit for that since you dont have any e-bills to pay and since you mentioned that yoy dont have by budget to buy some of those well, try to lend in some cooperatives near you maybe they can help you in financial aspects and try to barrow at them.

getting ROI on genesis need 8 months and for your informations, i am mining with genesis too in one years ago and now i am get my ROI but unfortunately i only have small THS, its only 0.0535 and now it stop mining because genesis said that the profit is small than the fee so they decide to stop my mining unless i make new deposit to buy more THS.

if you mining bitcoin, then i think its high difficulty, i don't know how high until now. but for me, better mining with altcoins. you will get your ROI in at least 8 months after you make deposit and buying THS.

if you have money, then i suggest you buy real hardware to mining, i suggest you buy a2 terminator which have 28-30 MHS, or search other hardware, i heard that there are scrypt hardware that can run in 120 MHS but i am forgot what is the name. you can found on alibaba, aliexpress for cheap scrypt hardware with cheap shipping too.

If you have free electricity then the best choice for you to do actual mining. but as you said you don't have enough money then I suggest to mine a good altcoin. you can use a POS(Proof Of Stake) altcoin and earn additional amount of coins.
because Altcoin mining is not so much costly you can easily setup that.

Edit; Cloudmining is not recommeneded at all.

you will get your ROI in due time. try to compute it for yourself. I read many articles about genesis mining. as of Genesis is the longest cloud mining running and still trsuted for now. Bur we can't guarantee that they will operate for more years because maintenance cost of their miners. I think if their miners is not profitable anymore, they will just runaway just like other  cloud mining site. so always be attentive in investing.

about difficulty see this stat : http://nextdifficulty.com/
getting ROI from cloudmining will really took so damn long time because they will cut off your daily earning from mining with the maintenance fee and will leave you really low amount,so i think such a wasting time,although so many cloud mining out there just running a ponzi scheme,definitely not worth it

You better buy rather than mine bitcoin right now, and don't invest or buy any mining packages from cloud mining sites. Search about cldmine and hashocean scam story which took millions of $ from users in past and both of them were cloud mining sites. When you get enough money buy latest antminer and if electricity is free for you than all of those mined bitcoin will be free money for you.

G M? Don't bother. Do a search for Genesis Mining in this forums.

Buy Bitcoins directly from your local exchange, or through localbitcoins.com

Hi, i have free Electricity but by now i dont have enough money to invsest in a antminer so, i invest in Genesis Clouhd Mining

Here is a few questions.

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,