Clouds are the best? | Bitcointalksearch.org

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: pou3197074235 on March 17, 2018, 09:05:39 AM

No, I don't believe in cloud mining. They're all deceitful. Don't invest a penny.

Some people make money by entering the ponzi/HYIPs early my making some money early on by referring a huge number of people. I reckon they maintain some social media groups for these Next-In-Line downlining.

Quote

Although mining costs are falling, that does not mean that these cloud managers will lower the minimum price. The cloud should not be trusted at all times. They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.

Honestly they dont do any mining at all - in 99% cases they are making up bullshit to drag people into their site in order to invest or make them invest. While the reality is that new investors money is used to pay the old investors and part of the money goes to the owners.

yojodojo21

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Quote from: SFR10 on March 12, 2018, 03:39:24 AM

Quote from: finist on March 12, 2018, 01:55:25 AM

Do you think it makes sense to invest in the cloud mining of bitcoin now?

No, it doesn't (has been like that for a long time) plus investing in cloud mining, is equal to giving money to scammers (in most cases).

Exactly, i Think OP is shilling some Cloudmining sites that is an all over issue of scam.
The problem with People are just Promoting some unverifiable projects whether it's illegal or illegal (LOL)
How about if OP posted a proof of receiving 200% in investing from hashflare so that anybody could see and believe if they/we want to believe that what are you saying is legit and trusted.

Buy your own don't depend. Phew.

trecore4

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If you were cloud miner operator then you will need to take care of following things:

Purchase Hardware
Purchase Space for running business
Electricity Bills Per Month
Maintenance Charges
Unwanted Breakdown Charges
Cloud mining website charges
Marketing Charges

and much more to count on! Do you really think your mining could sufficiently generate enough money to pay all these charges and after that pay the end user their cut as promised?

Now think with this perspective and then think with the perspective of investor (what will you get).

ValerKat

member

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Cloud mining of bitcoin, eth or any other cryptocurrency is a scam for a newbie! Better buy your own mining rig or invest.

pou3197074235

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No, I don't believe in cloud mining. They're all deceitful. Don't invest a penny.

Although mining costs are falling, that does not mean that these cloud managers will lower the minimum price. The cloud should not be trusted at all times. They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.

Thanasis

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Quote from: Kunlejoe0 on March 16, 2018, 03:09:59 PM

Cloud mining has worked for several of my friend. But I had terrible experience buying some packaged mining contract. Cloud mining may be good or bad depending on the time you are signing into it. It better to take the risk rather than losing on opportunity to earn.

But it is more better to invest on our own miner then start mining on our own because I don't want to take that opportunity if there is chance for getting scammed.We can arrange our altcoin mining rig and the capital investment needed for GPU mining is less but the earnings will be more if we have powerful GPU.

Kunlejoe0

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Cloud mining has worked for several of my friend. But I had terrible experience buying some packaged mining contract. Cloud mining may be good or bad depending on the time you are signing into it. It better to take the risk rather than losing on opportunity to earn.

Thanasis

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Cloud mining are the worst,you can never make any money from investing on mining sites and mostly all of them were scam sites.S friend of mine also invested decent amount on clud mining but he never get any return from the site,Scammed!
So don't get attracted with huge offers if someone give huge return then it can be considered as scam.

darkangel11

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Quote from: sfireman on March 15, 2018, 01:37:29 AM

nope. It can be hack. I dont use any cloud site so my opinion can be wrong but I still think it is not good as people expect

I'd be more afraid of it being a scam or simply shutting down before my contract expires. Most cloud mining operations were either scams or had to shut down early, before the investors were able to ROI. Also, ROI is not what you should be aiming at. If I wanted to get my money back after 6 months, I'd put them on a savings account and at least get 3% a year without having to risk anything. With cloud mining you want to get at least 10% a year, regardless of the price of the mined coin. No services will guarantee that, which means they're not worth your time.

bitbunnny

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To get in involved in cloud mining would be very reckless move.
This concept was proved to be shady a long time ago as a full of scam scheems and actualy as a waist of time and money. And even if you find some legit service the question is if you will earn anything at all, it's just not worth.
Take the advice and run away from that before you'll be sorry. There are better ways to invest in Bitcoin.

flower1024

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Quote from: Hui8 on March 16, 2018, 02:00:08 PM

Quote from: finist on March 12, 2018, 01:55:25 AM

Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?

That is why they are worst ever. I don't like clouds because they fake the earnings that we are going to get. We never reach out minimum goal or withdraw amount at anytime in the contract duration. We have to always keep up the contract topped up so that we can earn whatever we invested. But the contract amount extends our withdrawal or ROI amount to further dates and this way we never end up at the end point. Many times we loose the hopes and leave the inevstment as it is. People then start talking about the mining over the cloud being fake one and scam schemes etc. But when people like us keep telling that it is scam then they don't listen.

I never tried this cloud mining, I have received some messages to join for cloud mining but I just ignored and in my local, we have created one group to discuss GPU mining in that group some people will keep on posting their earnings and convince us to join cloud mining with there reference. but i know this is a big scam.

reflector

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Quote from: Hui8 on March 16, 2018, 02:00:08 PM

Quote from: finist on March 12, 2018, 01:55:25 AM

Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?

That is why they are worst ever. I don't like clouds because they fake the earnings that we are going to get. We never reach out minimum goal or withdraw amount at anytime in the contract duration. We have to always keep up the contract topped up so that we can earn whatever we invested. But the contract amount extends our withdrawal or ROI amount to further dates and this way we never end up at the end point. Many times we loose the hopes and leave the inevstment as it is. People then start talking about the mining over the cloud being fake one and scam schemes etc. But when people like us keep telling that it is scam then they don't listen.

For this best example is bitminer cloud mining platform buddy. There are many fake sites like in online all you need to do is be away from the any cloud mining or browser mining option if comes with the bonus contract limit as well.
When there is investment amount with you, I suggest you to go with the ASIC or GPU cards which can give better profit bro.

Hui8

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Quote from: finist on March 12, 2018, 01:55:25 AM

Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?

That is why they are worst ever. I don't like clouds because they fake the earnings that we are going to get. We never reach out minimum goal or withdraw amount at anytime in the contract duration. We have to always keep up the contract topped up so that we can earn whatever we invested. But the contract amount extends our withdrawal or ROI amount to further dates and this way we never end up at the end point. Many times we loose the hopes and leave the inevstment as it is. People then start talking about the mining over the cloud being fake one and scam schemes etc. But when people like us keep telling that it is scam then they don't listen.

V-t.Ester

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You'd better listen to the people above! They speak sense: cloud mining doesn't worth of your time and attention. You can finally lose more than earn (if you will manage to earn even smth, of course).

piloder

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Cloud mining is never a stable source of income or source of return. It is risky, not profitable, money intensive investment where you are just mining virtually and cloud mining can even sell you mining power which actually doesn't exist and they keep paying old investors with new money from new investments.

hashflare contracts are not profitable even at first look so I suggest you to either buy bitcoin directly with whatever amount of money you have or invest it on promising ICOs.

Kingofbitcoin12345

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Hello.. For everyone’s information,, cloud mining in the last few years lost its reputation to be a worthy investment platform and already show signs of exiting and stopping.. For many of the early cloud mining sites have closed without notice to its clients and bring all money with them.. I’ve experienced it and no doubt many are a member of this forum and just share it for we don’t want others be fooled by this scam..

aaacourt

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Quote from: finist on March 12, 2018, 01:55:25 AM

Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?

the word scam is being thrown around alot in this thread and its not justified at all. Im not saying you should be pouring all your money into hashflare, but i'd be pretty suprised if it was a ponzi. The payouts are frequent and reliable, and hashflare handle themselves well. Obviously with BTC at this price, cloud mining(mining in general) isnt that profitable.

Im sure you've used this before but just incase i will post a mining profitability calculator to asses how profitable your contact is and how long it would take to recoup your initial investment.

https://www.coinwarz.com/calculators/bitcoin-mining-calculator

ice18

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Much better if you rather invest in ICO than a cloud mining its not much profitable this days and might scam you in the future or if you have good amount of money why not engaged into actual mining using mining rigs.

sfireman

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nope. It can be hack. I dont use any cloud site so my opinion can be wrong but I still think it is not good as people expect

Harlot

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Cloud-mining is kind of a hit or miss. There are cloud mining sites where they end up unbelievable returns daily which will most likely turn out into a scam and the real ones don't have a good ROI. You are better of trading your Bitcoin in the cryptocurrency market which has more returns you can have on a day compared to the returns you will have in a cloud mining site in a week or even a month. Cryptocurrency is a fast moving asset and putting your money on a mining site will just limit your earnings.

Topic: Clouds are the best? (Read 326 times)