Topic: Cloudmining VS Investments(trading) (Read 3584 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.

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?

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

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.

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"

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!

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

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

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

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

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.

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.

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.

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


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

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.

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.

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.

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

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

Why did you invest and THEN check if it is profitable? You really should be way more careful in the bitcoin area. If you don't check everything before very carefully AND don't follow your emotions then you will be parted from your coins pretty quick.

See it as a lesson and don't give your coins out of the hand anymore until you are very sure you will get them back AND some profit on top. Every profit doesn't matter anymore when you can't even get your original coins back anymore.

Even I wear a signature from a cloudmining service, I still honestly believe that cloudmining isn't a profitable way to earn passive btc (unless you have a high share, then "maybe" you can earn some decent amount). Trading shares of cloudmining has a higher probability of giving you a nice amount, but that is more difficult than trading altcoins in the exchanges.

ohh dear, you are now trying to defend them, so cute:)

..but still, I'm missing some info. for example I really dunno, why they are hiding whois with WhoisGuard, Inc. service on it. Also is missing some info about mining facility, contact, names, photos, proofs...anything. Site looks like from some cheap doubling ponzi template.

you know what: read this amazing post https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 and then you will maybe reconsider your previous post. we have deal?:)

No darling. I am committed to them because they are paying consistently over eight months now. Can you please tell me one single cloud mining company that provides the following...

i. Mining address

ii. Sold hash power in real time

iii. Payment history of 6+ months

If you do, please provide me their link where they provide these info and if you can not, please stop asking about mining address for selective companies...


So does Bit-X. If you talk against one and not against others, your are virtually supprting them. Stop licking legs of big ad spenders. Show some spine.

Yeah, that site has a bad reputation.  I would only put a little bit that you are willing to lose into hash there.

even is so sweet, how loyal you are to someone, who paying you, I briefly check their thread, read some comments and it looks like ponzi. Did they somewhere shown their mining facility or address, which receiving newly mined coins? I have really big doubts here..

I dunno what prompted you to chose these...
Cex.io: Stopped mining long ago.
Scrypt.cc: Got hacked some time ago.
Bit-X: Upcoming AM hash. Got 1 Phs vouch from BitMain and selling infine amount, till they collapse.

Did you try the one in my sig ? Currently the cheapest, most stable and long standing one.

I really appreciate honest reply, even you (like OP), both promoting cloud mining company in signature. unfortunately, cloud mining is not like cloud computing, where you can actually save costs, but just trading of shares and betting on difficulty, instead of trading USD for BTC.

naturally is impossible to buy profitable contract from company, which own mining HW - simply because they can mine by their own and don't even bother with customers, which is not just time/resource consuming, but also exhausting..

Except me.  I am making a nice income from hashnest, but to each his own.  Trading alt coins is higher risk/reward, while hash gives a nice passive income.  Last time I checked cex.io and bit-x, the hash returns were pretty bad.  Most of the other ones are suspected ponzis, and scrypt.cc may or may not be a ponzi but it has low payouts right now.  You can also try pacmic and loans on sites like Poloniex, but those pay at a lower rate (but still pretty good in the grand scheme of things).

This could be the reason that cloud mining bear all the hardware, electricity and mining equipments cost, so obviously they will look for the investment returns on their capital expenditure, as you mentioned if you do few more investment on them, perhaps you can see marginal profit as per your expectations.

Well, cloudmining wouldn't give you high passive earnings anyways, and if you're reading the Beginners and Help section, you would see that investing in a cloudmining site is never recommended by anyone there. However, you can make a little profit over there by trading your cloudmining shares (if it is being offered in the site). You will never directly earn from cloudmining, but trading the hashes will.

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..
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..)
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