Topic: Cloudmining VS Investments(trading) - page 2. (Read 3596 times)

Quote from: LiteCoinGuy on July 18, 2015, 06:11:58 AM

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

if you have a bot that do everything for you, and work good if your trading startegy is good, you can sit and relax in trading as well

very few people ar enot usign bot nowadays for trading, profit are also better

well I will definatly give a 1+ to this bot concept as it can really bring a revolution to all kind of systems..but the bots are generally. have only one problems that if a bot hit by a milestone then it crashes ower all the balance in it and we face 100% loss..so practically we can say (when using bot) it can bring the same risk in trading , which we are getting in gambling..sorry for my bad english

hahaha, it's a bad idea, but trading is not always what you expect, coin prices are very volatile, if the wrong settings only regulate bot, you will be losers, you cannot just sit back and earn profit, you have to do a lot of work for it
My recommendation to the manual trading, hehe

why manual? if you can make a decent bot to trade for you it is not only faster but also can prevent you from sustaining huge losses by putting stops in your trades at specific prices.
this is what you can not do when you are trading manually!

any way either the manual or bot, has its drawbacks and advantages of each bro,
stay we choose the most profitable, only that

I ask whether you were trading with a bot?

knowhow

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well cloudminings arent profitable for anyone ,if you try to trade with the same ammount you were willing to invest your returns would be faster and better ,doesnt need skills just buy a coin and wait it raise ,if you invest on cloud it will take over 1 year to roi soo for sure stay out of cloudminings

lahm-44

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Activity: 336

Merit: 250

Quote from: ?? on ??

in the end every cloundmining service will say:

"Ohh no, we were hacked! We will try to cover the loses but in the meantime we have to shut down"

Yeah you right, if there cloudmining now that they pay only a matter of time until they do not pay more for that reason. Tongue

So I think is better trading because you control your coin and if lose it is not taken away people. Cool

well in this sense all the cloudmining sites are a ponzi..wether they pay or not..and in trading we always have risk..and honestly I am very bad at trading..because that needs a lot of patence.

LiteCoinGuy

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Activity: 1148

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In Satoshi I Trust

in the end every cloundmining service will say:

"Ohh no, we were hacked! We will try to cover the loses but in the meantime we have to shut down"

Pursuer

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Activity: 1638

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Where is my ring of blades...

Quote from: ajun96 on July 18, 2015, 04:24:44 AM

Quote from: lahm-44 on July 18, 2015, 03:04:19 AM

Quote from: lahm-44 on July 18, 2015, 03:04:19 AM

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

if you have a bot that do everything for you, and work good if your trading startegy is good, you can sit and relax in trading as well

very few people ar enot usign bot nowadays for trading, profit are also better

well I will definatly give a 1+ to this bot concept as it can really bring a revolution to all kind of systems..but the bots are generally. have only one problems that if a bot hit by a milestone then it crashes ower all the balance in it and we face 100% loss..so practically we can say (when using bot) it can bring the same risk in trading , which we are getting in gambling..sorry for my bad english

hahaha, it's a bad idea, but trading is not always what you expect, coin prices are very volatile, if the wrong settings only regulate bot, you will be losers, you cannot just sit back and earn profit, you have to do a lot of work for it
My recommendation to the manual trading, hehe

why manual? if you can make a decent bot to trade for you it is not only faster but also can prevent you from sustaining huge losses by putting stops in your trades at specific prices.
this is what you can not do when you are trading manually!

ajun96

hero member

Activity: 658

Merit: 500

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

if you have a bot that do everything for you, and work good if your trading startegy is good, you can sit and relax in trading as well

very few people ar enot usign bot nowadays for trading, profit are also better

well I will definatly give a 1+ to this bot concept as it can really bring a revolution to all kind of systems..but the bots are generally. have only one problems that if a bot hit by a milestone then it crashes ower all the balance in it and we face 100% loss..so practically we can say (when using bot) it can bring the same risk in trading , which we are getting in gambling..sorry for my bad english

hahaha, it's a bad idea, but trading is not always what you expect, coin prices are very volatile, if the wrong settings only regulate bot, you will be losers, you cannot just sit back and earn profit, you have to do a lot of work for it
My recommendation to the manual trading, hehe

pooya87

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Activity: 3472

Merit: 10611

today i got very confused and irritaded with some questions...like what will be better or we should say which is more risky..i check today some of the cloudmining sites and bought some hashes in each actually in three site ..cex.io , scrypt.cc and bit-x..
but i am not confused because when i checked the mining calculaters then the true faces are shown to me..
at First the shock i got is from the bit-x site..

Code:

when i opened the calculator..so it was showing 100ghash as default..i changed it with 35ghash and so i hit the calculate buttion but then i found that i will earn..about 13000-15000satoshi every day but then i thought about the mantainence fees and got that it was higher than my daily earning....so that clearly means it only accept the higher investments

after that i thought that maybe if i can avoid the mantainence fee then maybe i can make profit..
so then i visited scrypt.cc (its a less scured and less trustul with deposits as because it is usually getting hacked..)

Code:

i deposited 0.052btc and bought some khash...i got about 13020khash .so i went to calculator..and typed and increased the khash amount until i reached 1btc then i saw that its paying 0.007btc if i buy 1btc worth of khash...that means 0.7% everyday

and so on i tryed the other site too...
now after all lot of things like this i am thinking why we invest in cloudmining when we can trade and can make more than 1% daily and that is much safer from these things at least we will have control on owr coins

very nice job of explaining with including numbers.

i try to compare cloudmining with altcoin trading (investment) with pros and cons from my own experience to add to what you say

1. cloudmining.
pros:

you don't need any skills to earn from cloudmining
you don't need to spend any time at all to earn money, you can sit back and everyday get back your profit from investment
the risk is minimal (granted the service is legit)

cons:

a legitimate non ponzi cloudmining service is hard to come by
the profit is very small
you are trusting another person / company with your money

2. trading
pros:

you can earn a lot of money by trading, in altcoin market there are 2x-3x returns common every day
you don't have to trust anybody else with your money and it is in your control
as long as you use strong password plus 2FA on your exchanger and they don't get (allegedly ) hacked your money is safe

cons:

it is hard! and needs experience
you cannot just sit back and earn profit, you have to do a lot of work for it
it has very high risk
the last pros(?) can be a con too, you are putting your bitcoin on another person's hands after all

lahm-44

sr. member

Activity: 336

Merit: 250

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

if you have a bot that do everything for you, and work good if your trading startegy is good, you can sit and relax in trading as well

very few people ar enot usign bot nowadays for trading, profit are also better

well I will definatly give a 1+ to this bot concept as it can really bring a revolution to all kind of systems..but the bots are generally. have only one problems that if a bot hit by a milestone then it crashes ower all the balance in it and we face 100% loss..so practically we can say (when using bot) it can bring the same risk in trading , which we are getting in gambling..sorry for my bad english

Amph

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Activity: 3248

Merit: 1070

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

if you have a bot that do everything for you, and work good if your trading startegy is good, you can sit and relax in trading as well

very few people ar enot usign bot nowadays for trading, profit are also better

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

The money is there to be made in trading GH/s and the best place to do it is Hashnest. You need to choose the most profitable contract and learn how to properly enter and exit trades. Once you have a position open the money you are earning from mining income is a bonus.

Herbert2020

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Activity: 1946

Merit: 1137

Quote from: scarsbergholden on July 17, 2015, 10:16:23 PM

today i got very confused and irritaded with some questions...like what will be better or we should say which is more risky..i check today some of the cloudmining sites and bought some hashes in each actually in three site ..cex.io , scrypt.cc and bit-x..
but i am not confused because when i checked the mining calculaters then the true faces are shown to me..
at First the shock i got is from the bit-x site..

Code:

when i opened the calculator..so it was showing 100ghash as default..i changed it with 35ghash and so i hit the calculate buttion but then i found that i will earn..about 13000-15000satoshi every day but then i thought about the mantainence fees and got that it was higher than my daily earning....so that clearly means it only accept the higher investments

after that i thought that maybe if i can avoid the mantainence fee then maybe i can make profit..
so then i visited scrypt.cc (its a less scured and less trustul with deposits as because it is usually getting hacked..)

Code:

i deposited 0.052btc and bought some khash...i got about 13020khash .so i went to calculator..and typed and increased the khash amount until i reached 1btc then i saw that its paying 0.007btc if i buy 1btc worth of khash...that means 0.7% everyday

and so on i tryed the other site too...
now after all lot of things like this i am thinking why we invest in cloudmining when we can trade and can make more than 1% daily and that is much safer from these things at least we will have control on owr coins

sadly this is true. because of the high difficulty plus the maintenance fee that you have to pay in the end there is not much profit left for you to make it a reliable investment.

but investing in a cloudmining service has one benefit, and that is if the service is legit it gives you a sure passive income while you can lose money in trading.

subSTRATA

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Activity: 1288

Merit: 1043

:^)

Quote from: subSTRATA on July 17, 2015, 10:09:10 PM

Quote from: subSTRATA on July 17, 2015, 10:09:10 PM

we all know for a fact mining is not profitable why are this mining companies still around, how are they still making profit and why are people putting money into this.

i think its mostly attractive to people because its easy; theres nothing to do except buy "hashing power" and sit back as the pennies roll in. cloud mining lets people feel like they have an actual share in the mining scene without the hassle of maintaining/replacing hardware, keeping up with the newest asics, etc.

I got a pretty good deal from a friend that paid 6 months for a cloud mining shares, mostly people that want to experience the bitcoin mining scene with out buying equipment with their credit cards or fiat.

i think a large part of it is that asics now (antminer s3+) vost several hundreds of dollars, and most people arent willing to invest that much just to try out mining. cloud mining allows people to start "mining" with minimal investment, even a few dollars for a few gh/s would do.

scarsbergholden

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Quote from: subSTRATA on July 17, 2015, 08:31:49 PM

we all know for a fact mining is not profitable why are this mining companies still around, how are they still making profit and why are people putting money into this.

i think its mostly attractive to people because its easy; theres nothing to do except buy "hashing power" and sit back as the pennies roll in. cloud mining lets people feel like they have an actual share in the mining scene without the hassle of maintaining/replacing hardware, keeping up with the newest asics, etc.

I got a pretty good deal from a friend that paid 6 months for a cloud mining shares, mostly people that want to experience the bitcoin mining scene with out buying equipment with their credit cards or fiat.

wadili89

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Quote from: wadili89 on July 17, 2015, 08:04:56 PM

people misunderstand mining and cloudmining or they misunderstand the difference between cloudmining and mining you can just expect same results with both as if you are doing mining in home you have to buy all the mining equipments and the electricity cost and all the hassal yourself and remember all of your mining equipments will expire after 2 years as difficulity keep on incresing and old mining equipments are not usefull anymore so cloudmining face all of this and give you very minimum profit in long time

people also forget to think about this: why would people offer to let you use their mining equipment and buy your hashing power if they werent making money off of it? because they are. cloud mining takes an incredibly long time for users to profit for a reason, and it only accelerates the profits made by those running the operation, given that the operation is legitimate.

i will have to agree on this but my point is still valid aswell.

we all know for a fact mining is not profitable why are this mining companies still around, how are they still making profit and why are people putting money into this.

Home mining is no profit anymore and cloudmining is almost the same not much profit if there is profit in clousmining then income start after long time but there is still profit actully still big profit in big leaval mining centers

subSTRATA

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Activity: 1288

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:^)

Quote from: wadili89 on July 17, 2015, 08:04:56 PM

we all know for a fact mining is not profitable why are this mining companies still around, how are they still making profit and why are people putting money into this.

i think its mostly attractive to people because its easy; theres nothing to do except buy "hashing power" and sit back as the pennies roll in. cloud mining lets people feel like they have an actual share in the mining scene without the hassle of maintaining/replacing hardware, keeping up with the newest asics, etc.

qwep

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Activity: 1008

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we all know for a fact mining is not profitable why are this mining companies still around, how are they still making profit and why are people putting money into this.

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

people misunderstand mining and cloudmining or they misunderstand the difference between cloudmining and mining you can just expect same results with both as if you are doing mining in home you have to buy all the mining equipments and the electricity cost and all the hassal yourself and remember all of your mining equipments will expire after 2 years as difficulity keep on incresing and old mining equipments are not usefull anymore so cloudmining face all of this and give you very minimum profit in long time

people also forget to think about this: why would people offer to let you use their mining equipment and buy your hashing power if they werent making money off of it? because they are. cloud mining takes an incredibly long time for users to profit for a reason, and it only accelerates the profits made by those running the operation, given that the operation is legitimate.

wadili89

legendary

Activity: 1106

Merit: 1000

today i got very confused and irritaded with some questions...like what will be better or we should say which is more risky..i check today some of the cloudmining sites and bought some hashes in each actually in three site ..cex.io , scrypt.cc and bit-x..
but i am not confused because when i checked the mining calculaters then the true faces are shown to me..
at First the shock i got is from the bit-x site..
when i opened the calculator..so it was showing 100ghash as default..i changed it with 35ghash and so i hit the calculate buttion but then i found that i will earn..about 13000-15000satoshi every day but then i thought about the mantainence fees and got that it was higher than my daily earning....so that clearly means it only accept the higher investments
after that i thought that maybe if i can avoid the mantainence fee then maybe i can make profit..
so then i visited scrypt.cc (its a less scured and less trustul with deposits as because it is usually getting hacked..)
i deposited 0.052btc and bought some khash...i got about 13020khash .so i went to calculator..and typed and increased the khash amount until i reached 1btc then i saw that its paying 0.007btc if i buy 1btc worth of khash...that means 0.7% everyday
and so on i tryed the other site too...
now after all lot of things like this i am thinking why we invest in cloudmining when we can trade and can make more than 1% daily and that is much safer from these things at least we will have control on owr coins

people misunderstand mining and cloudmining or they misunderstand the difference between cloudmining and mining you can just expect same results with both as if you are doing mining in home you have to buy all the mining equipments and the electricity cost and all the hassal yourself and remember all of your mining equipments will expire after 2 years as difficulity keep on incresing and old mining equipments are not usefull anymore so cloudmining face all of this and give you very minimum profit in long time

ajun96

hero member

Activity: 658

Merit: 500

I think I prefer to cloudminning,
because we just sit back, relax, and we get paid
but most cloudminning is a con, no real mining them,
then we must carefully choose cloudminning

bitcoinmasterlord

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Activity: 1148

Merit: 1006