Topic: Cloud or Pool (Read 1771 times)
Be skeptical about any advice you get from employees or affiliates of mining companies. They can easily be spotted by looking at their signatures. Shill accounts can be spotted by the probability they are newer members.
If you already own a mining hardware, then pool would be a better option
If you are new to mining, then a cloud mining would be a better one.
But always decide to use a trusted site.
If you are new to mining, then a cloud mining would be a better one.
But always decide to use a trusted site.
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
Neither are profitable. You would be better off gambling money in vegas than any hope on a ROI with mining nowadays.
Cloud mining companies are made up of ponzis, fractional reserve mining operations, and the ones that truly have all the hardware are so expensive they have to mislead their clients into thinking that will see a ROI.
I am embarrassed for the shills, apologists and affiliates who rationalize this disgusting behavior. This is one of the most embarrassing aspect about Bitcoin nowadays. Bitcoin isn't a ponzi itself, but there is certainly a lot of scams and ponzi's within its ecosystem.
You don't have to take my word for it , use any advanced calc with a releasable difficulty and see for yourself :
https://bitcoinwisdom.com/bitcoin/calculator
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
Neither, mining is only marginally profitable if you sell your miner at the right time. But if you really want to mine, start small with a cloud mining contract at a price you can afford to loose.
Cloud mining in Huge companies with excellent reputation and own datacenters. In such way you will save delivery costs and lower electricity costs (if you don't have free electricity at home).
Cloud mining, you just have to pick the right one. About half of them are probably fake.
Agreeing to the first two replies, I don't really think cloud would work out unless you do go into trading but that in itself seems like a headache to me personally.
So yeah cloud ---> "mining" <--- part doesn't make much sense, yes I am sure there are people that do understand.
Yup hardware mining nowadays require such a large investment since starting small and adding bit by bit will just always end up pretty much the same return since difficulty will adjust every time.
Pretty much see if you can invest enough to show "net" profit -- after electricity and such for it to be able to sustain on its own to be a business.
Right now mining for me just seems like more of a hobby where I don't expect much of a return if any especially at the current price of bitcoin.
(Had to go offline during the summer ... now just seeing how the rates are for winter to see if I will continue).
So yeah cloud ---> "mining" <--- part doesn't make much sense, yes I am sure there are people that do understand.
Yup hardware mining nowadays require such a large investment since starting small and adding bit by bit will just always end up pretty much the same return since difficulty will adjust every time.
Pretty much see if you can invest enough to show "net" profit -- after electricity and such for it to be able to sustain on its own to be a business.
Right now mining for me just seems like more of a hobby where I don't expect much of a return if any especially at the current price of bitcoin.
(Had to go offline during the summer ... now just seeing how the rates are for winter to see if I will continue).
Cloud mining coz you the only thing you have to do is buy some GH/s and pay the maintenance fee and hope that they won't ran away 
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
I think cloud mining is a better option as there is no headache of hardware maintenance. ROI calculation is far easier in cloud mining as there are less parameters to consider.
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
Neither, mining is only marginally profitable if you sell your miner at the right time. But if you really want to mine, start small with a cloud mining contract at a price you can afford to loose.
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
Mining become a serious and risky business. You need a lot of investments and cheap hardware to make some profit.
And cloud mining... You will not get any profit there until you're trading your GH/s. But it's not mining - it's trading
You can check this mining calculator - Simple mining ROI parameter shows what you need
Assuming Bitcoin:
Pool mining presumably means using your own hardware - good luck with that.
Cloud mining has never made much sense to me - short of potentially shady schemes ( expect people with forum signatures to rush to defend ), but if you're lucky you can get some ROI out of that.
Should really do your own research, though. There's way too many different offerings out there with different quirks that could sway your personal decision one way or the other.
Pool mining presumably means using your own hardware - good luck with that.
Cloud mining has never made much sense to me - short of potentially shady schemes ( expect people with forum signatures to rush to defend
), but if you're lucky you can get some ROI out of that.Should really do your own research, though. There's way too many different offerings out there with different quirks that could sway your personal decision one way or the other.
Hi there, are cloud mining or pool mining profitable nowadays? Which one should I choose do you think?
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