Topic: Cloud mining still profitable? - page 5. (Read 1106 times)
Indeed, many people stop mining because they feel the loss, and cannot have profits. This makes people stop for a moment and take a better attitude and feel safer. Cloud mining is not always profitable, but it must be more beneficial.
in my personal opinion at this time maybe if you invest in mining you might lose.
because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.
Electric bills, internet, and cheap coins even hard to mine it. That is all reason why some people not mining with GPUs anymore. It is too bad know they get that tools not in cheap price too because a lot of demands. because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.
Two days ago JPMorgan published information that Bitcoin mining is not profitable:
https://www.cbsnews.com/news/bitcoin-worth-less-than-it-costs-to-mine-jpmorgan/
If their calculations are correct, the cost of mining one Bitcoin is $4060 and the current price is around $3600
https://www.cbsnews.com/news/bitcoin-worth-less-than-it-costs-to-mine-jpmorgan/
If their calculations are correct, the cost of mining one Bitcoin is $4060 and the current price is around $3600
in my personal opinion at this time maybe if you invest in mining you might lose.
because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.
because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.
To keep it short: I haven't done a research about bitdeer and I don't know if it's a scam, but if you are sure it's no scam I doubt it is profitable in current market conditions. Their profits depends on their hardware, like if they use ASICs for BTC, they need a very cheap electricity to be profitable.
But in general, i don't like the structure of fixed cloudmining contracts. It's because you buy mining contracts and can't sell them later in the future. If you want to receive some profits from mining I can only recommend mining tokens, where you receive a part of the mining profits when you hold the mining tokens. And you can sell your mining tokens later, it's a huge advantage compared to normal mining contracts. There are not many offers of good mining tokens and you have to do a good research.
But in general, i don't like the structure of fixed cloudmining contracts. It's because you buy mining contracts and can't sell them later in the future. If you want to receive some profits from mining I can only recommend mining tokens, where you receive a part of the mining profits when you hold the mining tokens. And you can sell your mining tokens later, it's a huge advantage compared to normal mining contracts. There are not many offers of good mining tokens and you have to do a good research.
I'm ever see the calculation, when the difficulty getting harder, it's not profitable anymore.
But if you keep insist to invest on it, just becareful , extremely careful.
As far as my experience said, any crypto investment are risky so personally I'm avoid it !
It seems to me that right now you need to avoid any risks. In addition, on the bitcointalk very often now there is information that the mining has become very unprofitable. Many users of cryptocurrencies are moving away from this activity or freezing it for a while. But if you keep insist to invest on it, just becareful , extremely careful.
As far as my experience said, any crypto investment are risky so personally I'm avoid it !
I'm ever see the calculation, when the difficulty getting harder, it's not profitable anymore.
But if you keep insist to invest on it, just becareful , extremely careful.
As far as my experience said, any crypto investment are risky so personally I'm avoid it !
But if you keep insist to invest on it, just becareful , extremely careful.
As far as my experience said, any crypto investment are risky so personally I'm avoid it !
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
If we talk about small profits, we should also start hate bounty campaigns because they give us very low profit recently.
As stated above repeatedly, do not mess with it. This is a one-sided game, and you will not be on the best side.
If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.
even though the kit is looking for post coins that are not widely known to that person does not guarantee that we will benefit by mining. the market conditions that I now think of crypto mining can be a loss in terms of operational costs in mining. we know that electricity consumption for mining is very large, we have to do a thorough calculation. If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.
As stated above repeatedly, do not mess with it. This is a one-sided game, and you will not be on the best side.
If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.
If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
yes of course mining is still profitable if you own your own device as long as it can sustain your bills and your device didnt broke you can reach your roi really soon.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
They might be a legit company, just like EOBOT if you ever heard that before. And about the Ponzi scheme, we know nothing about it. For example Genesis Mining, on the surface they have real hardware to mine Bitcoin right now. But we should know the fact that for almost more than 6 months, mining is no longer profitable.
and if we do simple speculation about their costumer and their company expenses so far, do you think they did not 'do' something behind our back? and do not forget another fact that some people were losing their money without an explanation from that company for a couple years. Just google it if you do not believe it,
cloud mining is dead for almost 3 years, and most of them were/are using a Ponzi scheme to survive for all this year.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
There are many warning here on forum about cloud mining. Many people lost a lot of money with their wrong investments in cloud mining services.
Cloud mining services are profitable just for owners and first investors, everyone else lose.
Instead of cloud mining services, people should think about invest in POS coins! It`s my plan for the future, at least one of the plans I have, to run
a masternode.
Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme. So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.
I've heard cloud mining, but most of them get losses and scams, so I don't want to try it even though there are so tempting offers. I only studied but was unable to join because Beum had the expertise and was still afraid to lose.
Exactly you see and hear, it never give us assurance for profit instead it makes people to be trap by scammers. Imagine, how could they generate money without even doing anything, if they'll pay for the miners where it came from? It could be better to stay away from these, it could be good spending our time into trading or joining bounties.
I've heard cloud mining, but most of them get losses and scams, so I don't want to try it even though there are so tempting offers. I only studied but was unable to join because Beum had the expertise and was still afraid to lose.
Bitdeer you say?
Check this thread: https://bitcointalksearch.org/topic/warning-about-bitdeer-5098855. User already exposed how shady this company is, so just beware and be cautious.
Check this thread: https://bitcointalksearch.org/topic/warning-about-bitdeer-5098855. User already exposed how shady this company is, so just beware and be cautious.
Oh, thank you very much for very helpful comments. I thought that still it is more profitable than buying new hardware and paying the bill. But, if mining is not profitable for anyone, who is mining? Big companies are also not profitable.
Current cloud mining does not seem to be detrimental, but you are still optimistic to do it if it makes you profitable, go ahead. For me, cloud mining requires a lot of money and is not necessarily able to return capital.
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