Topic: Cloud Mining Viable in 2017? - page 5. (Read 6764 times)

Ish..... cloud mining gold days are far behind us.

Try to do some research about Ethereum and Ethereum Classic. ETH price is too high to start investing in it with a small amount of money so its better for you to buy some ETC instead. My knowledge with both is fairly limited but the philosophy behind ETC is where my beliefs aligns with. Blockchains should be immutable.

Hi Brobbel,

I have the Ethereum new one, not classic. Just bought 4 extra. Monero account is pending verification now. Doge I read good stories about. I will keep everyone updated in my bitcoin trading journey.


As for now, this is my second day trading cryptocurrencies:

Started with 400 EUR BTC +-0.4 BTC
Then bought 4 Ethereum for about 40 EUR
then bought another 4 Ethereum today for 40 EUR again

so far I have invested 480 EUR

400 BTC / 80 Ethereum   80/20 now, planning on moving BTC/ETH to 70/30.

I bought the 400 BTC at 959, now at 980 considered selling this morning and then buy altcoins from the profit, but decided to hold on to them as I have very little BTC and I think the transaction costs surpass the +- 8 Euro earned.

Comments, tips, advice?

If I knew what those altcoins are doing in the future I could give you an answer if it's good or not. So here are my thoughts (but they are not to be considered an advice in investing or not!):

Ripple and Maidsafe I don't know
Monero seems very good
Doge started as a fun coin, but is doing it very well. I prefer Doge even over Litecoin.
Factom I heard good stories, but I'm not so familiar with it.

You can also think of Dash (DRK) or Ethereum (not the Classic).  But I guess everyone has it's own favorit, and noone knows for sure what will happen with them.

Thanks for both answers so far. I see it exactly like this. IF there is any ROI (even after a year) thats all profit. But maybe it's better to just buy $30 every month in altcoins as an alternative way of getting higher ROI, what do you guys think of this idea? Like splitting $30 in lets say 5 different altcoins $6 each per month. The ones I am considering:

1. Ripple
2. Monero
3. Doge
4. Maidsafe
5. Factom

Better than $30 per month in cloud mining?

i think genesis mining is still legit, but the ROI need almost a year before you can get your investment back. the only problem with cloud mining is the long time for ROI and the chance to get scam. but if you can find the legit site, i think it still profitable.

its good idea to invest in every month to buy GHS but how long you want to do this? i agree with you that you said you want to split your btc because if somehow the bad thing is happen, you still have your btc in your wallet.

before you make decision, i hope you can thinking about the longest ROI you can get with genesis mining, but that site is still legit.

Genesis Mining is legit AFAIK, but the ROI is.... ?

If you start mining it looks like there is a ROI in about a year, but due to difficulty changes it slowly going down. When the BTC/USD rate is dropping it vanishes even faster, but even with a BTC/USD rate slowly growing it has a very long time for ROI - if you reach ROI at all.

On the other hand, if you reach ROI after that all earning is profit. (Yes, a big if)

Hello all,



The last years I have been trading BTC and Litecoin with 1:20 and 1:50 leverage on broker sites like Plus500 and Avatrade. Yesterday, for the first time I decided to buy some BTC directly via an exchange and some Ethereum. I now have a mere 0.4 BTC there and 4.0 Ethereum. The entire night I have been awake to read all about Bitcoin (price predictions) and cryptocurrencies on this forum and on other bitcoin related websites. I also made a bitcoin wallet at blockchain.info and set it up for 2FA. Anyway, as I am really interested in investing more in bitcoin I was wondering if cloud mining, in this case by a company called genesis mining, is viable? They offer lifetime 200 GH/S for a onetime payment of $30 and then $0.00028 per GH/S per day. I tried using the calculator at castrox.com, that says I will ROI about september this year if price stays the same. If price increases, which I am thinking, is cloud mining then a good way of investing? So far my plan was to do the following: Split 70/30 budget BTC Ethereum to own myself directly and then every month invest $30 or upgrade about $30 in Ghash via genesis mining. What do you guys think, viable or not anno 2017?

PS. I know my initial investment is far from 70/30 devided BTC/ethereum but that was just first deposit, will maintain 70/30 thru the year.