Cloudmining experience | Bitcointalksearch.org

shoreno

full member

Activity: 1750

Merit: 118

Quote from: Samayuki on October 08, 2019, 12:29:38 AM

I bet many joined cloudmining when they are still new to crypto space, they thought it will give them better ROI instead of buying miners or building gpu rigs but sooner they came to understand that it will take them years before they see profit and even the profit is too low, cloud mining is not profitable anymore

thats true . before when i was still a newb , that was on the year 2017 and i think mining and cloud mining that time were also hyped . that was also my reason on why i tried it . i tried cloud mining on some popular website via browser . i can see the numbers running but i dont see the actual sats that i earned . eventually i stopped doing that because i hear lots of feedbacks that its not worth it and some says that itll only damage my hardware . until one time scams are popping anywhere .

Samayuki

member

Activity: 574

Merit: 24

I bet many joined cloudmining when they are still new to crypto space, they thought it will give them better ROI instead of buying miners or building gpu rigs but sooner they came to understand that it will take them years before they see profit and even the profit is too low, cloud mining is not profitable anymore

magneto

hero member

Activity: 1666

Merit: 753

Quote from: Bitbtc8 on September 28, 2019, 07:11:38 AM

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

I'd suggest that you stop looking at cloud mining as a passive income source completely.

The reason why a lot of newbies get sucked into these cloud mining companies and invest absurd amounts of money in hopes of getting a passive return on their investment is due to the fact that there are certain unscrupulous youtubers that, in attempt of marketing their affiliate links, make absurd claims about profitability.

There is no profitable cloud mining in the long run, for the simple reason that maintenance fees will always mean that your contracts expire before its lifetime.

Anecdotally, you'll find the same trend.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: letyouearn on October 03, 2019, 11:52:13 AM

Cloud mining is a total scam in my opinion... Wonder if there is anybody who got any profit as result of taking part in different cloud mining projects

I bet nobody managed to win here if we are speaking about 5 year interval.

I speculate the same, I do not think there is anybody that got profits out of cloudmining but I still wonder why people are still giving their money to those websites, if you want to mine a coin then buy a miner and begin to mine that coin, is not really that difficult and not only you can get profits if you live in a country with low electricity costs you are also supporting the coins you like and that is something really important at this time in which even worthwhile altcoins are having problems to maintain their price.

letyouearn

legendary

Activity: 1722

Merit: 1014

Cloud mining is a total scam in my opinion... Wonder if there is anybody who got any profit as result of taking part in different cloud mining projects

I bet nobody managed to win here if we are speaking about 5 year interval.

jessyj48

member

Activity: 756

Merit: 14

Its true that 99percent of cloud mining services are scam and they will exit on you after paying you 10% of your investment back but nicehash can be trusted, you can rent hash power to mine for hours or 24hrs or even days to months if you want but its not profitable anymore unless you find real new coin thats worth mining then you can rent hash powers to mine them for large quantities before difficulty increase

semobo

full member

Activity: 1498

Merit: 146

Quote from: pieppiep on October 03, 2019, 02:55:18 AM

In my past, I tried to sign up in cloud mining like hashnest, eobot, genesis mining, etc. But I don't think too seriously about that, and I don't invest too big on their site. So far, I still see my account still active, and it gives me a small reward every day. I don't want to add more deposits because it is very difficult to earn bigger rewards from cloud mining. Besides that, I don't know how long they can still operate, and I don't want to get scam by cloud mining.

You will be getting rewards for 2 or three times but after that you will get stuck with your capital and rewards so basically those companies pay 10% of your capital and runn away with 90% in the meanwhile more and more people join to them.

pieppiep

hero member

Activity: 1596

Merit: 502

In my past, I tried to sign up in cloud mining like hashnest, eobot, genesis mining, etc. But I don't think too seriously about that, and I don't invest too big on their site. So far, I still see my account still active, and it gives me a small reward every day. I don't want to add more deposits because it is very difficult to earn bigger rewards from cloud mining. Besides that, I don't know how long they can still operate, and I don't want to get scam by cloud mining.

hahahafr

hero member

Activity: 938

Merit: 501

Cloud mining has not been my thing ever since it got introduced into this industry. Most of the platforms I knew back then got closed down and investors lost their money. Mining is not really profitable these days looking at the cost of expenses needed to be made. Better do some margin trading on Bitmex under full guidance though lol else you will get rekt

semobo

full member

Activity: 1498

Merit: 146

Best advice for the people who thinking about involving in cloud mining is,go for it if you want to lose all your money.

OasisDre

member

Activity: 532

Merit: 41

Main miner and Wiki mining are scam could mining companies, Don’t invest they are not paying, It’s site first 2 to 3 days payment successful but now no payment. I got my deposit payment from 10% then loss my 90% please don’t invest beware, there are many more of these scams on the internet, becareful mates

Vitamin_52

sr. member

Activity: 854

Merit: 257

I tried cloud mining, but not for long. too many sites are closed without a trace. now I use a reliable system miningrigrental. there you can rent the power of any algorithms, there are dozens of them and a period of 3 hours. I think this is the most relevant at this time

Impaler

sr. member

Activity: 826

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

I tried eobot and genesis mining. In that time I was new to this market and invested some money in cloud mining. But after some time I realized that it would take years to take your investment back so quit. At this point of my life I would not recommend cloud mining to anyone.

TriplexXx

member

Activity: 176

Merit: 10

Quote from: Bitbtc8 on September 28, 2019, 07:11:38 AM

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

No doubt, many cloud mining services are a scam. I tried all of the above-mentioned services in the past but turned out to be unprofitable. Mining companies are the ones making the money, not the users. You'll be lucky to make your money back in pennies. I finally realize trading is more profitable than mining.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: yazher on September 29, 2019, 04:33:21 AM

Cloud mining was the first investment that I invest my own money with and it was the worst investment experience I ever had with a few money that I've got from my allowances I went to deposit some cash on our local exchange and bought Bitcoin and it was under $1000 at that time.

At first, the Cloud mining that I invest my money with, pays me every month for 2 straight months but after that, there are no payment again. the only thing that I receive from them is the error message. and we don't have anyone to talk to in their site. that's how brutal they are.

Thankfully with that experience, I came fully understand what cloud mining are they are some method to use to scam people. after that, if I heard something the same as cloud mining I ignored it because of my previous experience.

Cloud mining operations are most of the time nothing more than disguised HYIP scams so they follow the same pattern, they offer you great profits in a short amount of time and this brings investors, at the beginning everything seems fine since you are getting your payments on time but as the number of investors begin to go down the owners of the website realize their time is up and disappear with the rest of the funds leaving their investors with a bunch of questions and with empty pockets.

Furryball

member

Activity: 490

Merit: 19

The best cloudmining platform till date is nicehash and eobot, nicehash is still paying the reimburse payment from the last year hack on the platform and i have almost get paid to 100% now, they are both cloudmining service you can trust but the real truth is cloudmining is not as profitable like in the past years

NoirSuccubus

full member

Activity: 353

Merit: 108

Cloud mining is excellent if you can wait for like more than a year. Personally I have tried cloud mining in the past, and yes they were good, but it seems to take forever to get something out of them so that why I just took my investment after few months or so.

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

Many of these cloud mining turned out to be scams in the past, and many got shut down due to low to no profit generation. So yeah, it is a gamble to play but if you are confident enough then better go for it. Personally I am better of trading and hunting rather than doing cloud mining, but that’s just a personal taste.

plast555

sr. member

Activity: 951

Merit: 259

Quote from: Tipstar on September 29, 2019, 11:33:56 AM

Quote from: Bitbtc8 on September 28, 2019, 07:11:38 AM

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

I have a very unsatisfactory experience on cloud mining from both Genesis mining and Minergate.
I bought a USD fixed 2 years mining contract for Monero with bitcoin. Bitcoin quadrupled the price in the meantime while the total output of 2 years was less than the threshold minimum amount for withdrawal for monero.
Minergate changed my plans and terminated the lifetime mining scheme without any notice.

Thank you for sharing your valuable experience with us. I've never had clouding before. As a matter of fact, I have never taken such an initiative. But looking at what was written here, I thought cloudmining would definitely be a bad experience.
So Dividend and PoS seem much more logical and reliable. I'm gonna keep trying.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitbtc8 on September 28, 2019, 07:11:38 AM

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

Cloud mining is a thing of the past, we should totally forget it, I have invested in some so-called cloud mining only to find out later that it's just a Ponzi scheme, there are a lot of scripts or themes available that you can buy online, and some of these cloud mining sites are just using fake buildings and facilities just to deceive investors, you should try running master nodes it's more legit.

Topic: Cloudmining experience (Read 523 times)