Topic: Cloudmining VS Investments(trading) (Read 3603 times)

Of the three sites you listed only Bit-X has an exchange you can sell your hash on. cex.io is not selling hosted mining at present, and they were not a good deal when they did. scrypt.cc is a scam, a ponzi scheme you should stay away from.

If you are serious about trading or holding hosted bitcoin mining you will eventually wind up at Hashnest. Hashnest has different mining contracts you can choose from with different risk/reward. Prices and maintenance fees are better than Bit-X. Antminer S5 is the safest hash to buy and price is depressed right now, so if you believe bitcoin price will increase in next few months you can earn daily income from mining and as a bonus, sell your S5 hash for a profit when price increases.

Trading is also fun and can be very profitable at Hashnest. But since price of all contracts is in a down trend, and you can not sell short at Hashnest day trading is not profitable at present. Once bitcoin price leaves the trading range and starts uptrend again making 15% per month trading at Hashnest is not hard at all.

Cloudminning with highly turn is always risky, I dont trust cloudminning ever after all of cloudminning site scammer

and what are the points..which defines a biginner..level..I mean there must be some points which can say that 'you are on this level now'..isn't it

Cloudmining VS Investments
which one have the higher chance of gaining more BTC, granting same investment amount on both platform

Cloud mining makes little sense to me.

Once upon a time it made sense to sell miners because it wasn't possible to run all of the miners that you could make and/or own. People running "legit" cloud mining have the capability to run all of the miners that they have, so why would they rent them to you if they could make more money by just running them? If they had profitable miners they wouldn't rent them, if they had unprofitable miners it wouldn't make sense to actually run them and take the time, energy, and money to maintain them because they can just give you back a portion of the coins you gave them, so I doubt the existence of a legitimate, profitable cloud mining because that seems like an oxymoron to me.

As for trading, if you can do it, great, do it, but be careful because there are lots of coins out there built on nothing that can crash at any time. Similarly to cloud mining, I would not advise giving your coins to someone else to trade, because if they were good at trading, they wouldn't need your coins. These markets are not as big as trading markets in the real world, and trading coins doesn't have the same barrier to entry that real life stock markets have, so again, there I wouldn't give my coins to someone else to trade. If they could trade, they wouldn't need your money, AND if somehow they can trade, just because they can do it with 1 btc doesn't mean they will get the same results with 2 BTC because the altcoin markets are too small and slippage will eat into profits a lot.

There is good discussion round Cloudmining. I have my opinon based on my personal experience and therefore do not recommend to purchase it. This is waste of money and time.
I understand that there is a very nice to dream about easy income, but someone should pay for it - make your calculation of inital cost and possible income. It`s not profitable and it was not.

Trading - this is good opportunity. Good chance for everyone who have big amount of Bitcoins to trade. Do not forget fee and watch market carefully.

There is no simple and easy way to earn something  Good luck

means should be more careful in finding cloudminning, because trade is not the best choice for beginners

That's highly dependant on the country where you are mining, in mine (Venezuela) power is technically free. So mining is the most profitable thing you can do.

Yes bitcoin mining was good when the bitcoin rate was higher when it was around 800$ to 500$ but now it dropped to 270$ level now mining is not valuable according to my thought. The maintenance like power cost, etc., will be higher then our profits.

Both are risky investments, and the clouds can become your worst nightmare because it can close and run with their excuses, by using bitcoins other side doing Exchange alone can be a good investment and you can get return weekly, but need information to avoid losses and get lucky.

Yourr suggestion doesnt make sense. When you lose then its your loss? But from what money will you pay back the investment? If you had money to pay back the investment when losses happen then you wouldnt need investments.

what if I open's a site(not a ponzi) with investment fecility and I am trading invested coins at my personal risk(so if I had loss then I have to pay from my own balance) so by this anyone can pay 1% easily but can profit way much higher..isn't it?

Trading is a good choice than cloudmining

You mean PACMiC v2? Everyone knows PACMiC is a poor investment, no big secret. I make 25% annual on my idle bitcoin using swaps at Bitfinex. It is a no brainer making 14% per month day trading contracts at Hashnest. Not rocket science.

The 14% annual return seems so low...

UMISOO contracts are the most profitable to own right now if you just want passive income at Hashnest. There is also good money to be made day trading UMISOO contracts. If you have a contract open at 0400 GMT you also get the bonus of a day's mining income, since UMISOO is PPS and pays out once per day.

He most probably didn't get that profit from mining on hashnest alone. He most probably did trade his contracts and earn from that. That he makes that profit constantly seems to show that since the difficulty would make it impossible to make a 10% monthly profit over time.

you can be sure those company can be mining but main return there should be trading crypto otherwise they wont be able to keep paying 10% montly ,and most new companies pay well on begining then start reduce and raising the fee,soo they will say the difficult and the energy costs must be readjusted ,anyway if you invest 10 btc in a cloud like you example you will get 1 btc montly means 10 months to ROI invest 1 btc of those into altcoins will make 10 % in a month and will keep with 9 bitcoins lol.

Huh, thats funny.  I have been making about 10% a month on hashnest.  I better call them up and tell them to stop paying me.

It is true that most mining companies are not legit, but to say that cloud mining is a waste, I think that is just silly.  It IS possible, you just have to find one that makes sense.  Bitmain likes to sell hardware, so it makes sense that they would try to increase their sales by housing the equipment for you.  And if you buy an s5, they will house the hash and send you the machine when you want it.  How is that a scam?  How am I losing money?  How are they a ponzi?  Blanket statements are silly.

It's because there are always noobs that don't know about the difficulty. These noobs buy highly expensive miners or bitcoins on ebay too. They see how much they can earn with mining in the next week on actual difficulty and often think that will proceed the way in the future. Then they buy contracts and learn eventually that their real profit will be way less than their investment, most of the time.