Clouds are the best? - page 2. | Bitcointalksearch.org

upsidedown75

legendary

Activity: 1288

Merit: 1036

Quote from: JCLee on March 12, 2018, 05:41:14 AM

LOL. I think you should change your mind, Cloud mining is not the best way to earn Bitcoin and other cryptocurrencies. For example when you invest 1000$ in cloud mining, the amount of Bitcoin you can get is always less than when you mine Bitcoin by yourself. Beside, it's really difficult to find out a truthworthy cloudmining website. IMO all cloudmining website will turn into scam very soon

He really needs to change his mind, because he should not need a soothsayer to tell him by now that cloud mining already sucks. Even asides asking any of us on this forum, by doing some little research on Google, he will get enough to make him realize that anything that has to do with cloud mining is a big mistake and it would be better to even keep the funds in the wallet than dash some cloud mining platform owners your cash.

There is no cloud mining that works anymore and anyone you see out there even if you have gotten to see some good reviews out there are still scams, because they know the investor is either a newbie who does not know much and will still end up not realizing anything at the end of the day. Better to save the cash in one's wallet if mining is not affordable, than trying cloud mining.

setifien19

full member

Activity: 472

Merit: 101

Cloud mining is not really trusted way to get some coins ( unless you can not buy hardwares or pay electricity bills ) , but it's still good in such cases , though the major risk is to end up with losses ( coz these companies can switch off at any unpredicted moment , if I remember hashocean is an example )

Quote from: finist on March 12, 2018, 02:55:25 AM

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

The difficulty is being more enforced & the generated amounts are being really shrunken, I'd prefer to switch to other coins ( especially those having potential )

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: dutchkay on March 13, 2018, 10:40:19 AM

Personally i have not invested a dime into cloud mining service before , its not worth it, i know that through friends that have invested and ended up wasting their time. Besides i never liked the idea of someone handling what was tagged decentralized for me in the name of making it easier for me to mine. Anybody can easily see through such trick. Don't bother wasting a penny on Cloud service mining.

This tricks exists long before I come here, probably there are so many new people who doesn't know nothing about bitcoin and bitcoin mining and this newcomers fall on that tricks. I lost maybe 10 mBTC or more, couple dollars in that time on some cloud mining, of course I lost all of them, after a while site crashed and no money, no profit, just blank page.
Who do a little research before investing will not fall on this trick or any other, there are many scammers here on forum and on internet generally, they are creative and they constantly invent new schemes and ways to scam people. I wouldn't invest a dollar in cloud mining now, who knows what bitcoin mining is knows why.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: clarkt on March 13, 2018, 01:12:29 AM

For some people they might agree with you but for me I have had my fingers burnt severally with cloud mining service. Things might have change in the delivery of services and potential profit of these services. I think I will check and invest a little to see how it is going these days.

You have no idea what you are talking about. Cloud mining is not an investment into some real farm that is associated with mining in most cases (except a few legit ones). Most of the ones we can find on the OP are disguised ponzis/HYIP/MLM schemes which are used to scam people.

Those who invest early into them get good returns which is actually recycled money form the late investors. As long as the ponzi cycle continues this will continue making the people fall into a delusional trap that they are actually getting returns - but in reality at one time the ponzi will collapse and then the recent investors will have a big loss while older investors (who may be aware of what going on) will have en-cashed and ran away long ago.

dutchkay

full member

Activity: 434

Merit: 100

Personally i have not invested a dime into cloud mining service before , its not worth it, i know that through friends that have invested and ended up wasting their time. Besides i never liked the idea of someone handling what was tagged decentralized for me in the name of making it easier for me to mine. Anybody can easily see through such trick. Don't bother wasting a penny on Cloud service mining.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Ctn on March 12, 2018, 05:14:29 AM

Quote from: finist on March 12, 2018, 02:55:25 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?

It makes no sense at all. Though the mining fees are dropping it doesn't mean that these cloud managers will drop the price of minimum withdrawal. The clouds shouldn't be trusted anytime. They will take your money and they will just show that they are making great progress in the mining but to be honest on the practical side they are not making any progress and sometimes I feel that they are not even mining the whole thing. So it's just another Ponzi scheme from which you should always stay away. Apart from this you should also notice that by the time you hit your ROI you will have your contract finished and thus you will need to pay more to continue the contract and then you can withdraw the moeny you invested. However you already spent more and this way you never actually reach your ROI.

Anyone who is even still going the cloud mining way right now is either not up to date with cloud mining activities or they are just new which I believe the OP being a senior member is not new to these things and he should know better.

Cloud mining started sucking a long time ago and as the difficulty keeps increasing, it sucks even more, and you will be better off learning how to trade with that little, than investing in any cloud mining. OP must be doing good as he had tried out with what he could afford to lose, but cloud mining sucks and if he had done some research beforehand, he would have known that.

There are two ways to it presently, those who are legit and have been running for a while, you will not even break even, while the others are just some bunch of scams and you will end up losing your money anyway. So, at the end, whichever, way it will still not pay you ?

clarkt

full member

Activity: 658

Merit: 100

For some people they might agree with you but for me I have had my fingers burnt severally with cloud mining service. Things might have change in the delivery of services and potential profit of these services. I think I will check and invest a little to see how it is going these days.

myworkstrade

member

Activity: 238

Merit: 10

ITs totally a risk. IF you can’t withdrew your profits thats oy g but fake gains profits. You should check first the time frame if its realistic to invest there if cloudmining how long you woll hold?vs the expected profit gains unlike when you trwde time ffame is firrent and risk involvement to your investment. I suggest you go on hardware mining much safe and you can check the records. Good luck

yinyangwinwang

full member

Activity: 196

Merit: 102

It isn't the best way sure, but if you are somebody with limited resources and you want to get some skin in the game it is most certainly reasonable. I have a friend who ventures in cloud mining and apart from the NH hack at the tail end of last year the experience has been pleasant. Sure you can't make the most that way either, but it is less risky if you know what you are doing.

mrcash02

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CryptoTalk.Org - Get Paid for every Post!

Quote from: finist on March 12, 2018, 05:09:21 AM

Quote from: SFR10 on March 12, 2018, 04:39:24 AM

Quote from: finist on March 12, 2018, 02:55:25 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).

There are a lot of cloud services with reputation, so I use them and they are paying. Moreover, there are some resources that monitoring scammers and other bad guys. I am checking them everyday.
But I'm asking about amount of investment to cloud mining to be in plus every time. Is there any formula or function, which allow me to find out which amount of investment can bring me most advantage?

No, because mining difficult is constantly increasing, the calculation you use today can't predict all the fluctuations in your income along the days, weeks, months. The only thing calculations can predict is that you won't recover the same amount of BTCs you invested. If you make profit it will be because Bitcoin price increased in Dollars while your money was invested on the cloud mining (talking about real cloud minings that are really mining).

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: finist on March 12, 2018, 02:55:25 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?

200% might really sounds good to you but the thing here is that you wont able to make it out.Why? because mininmum withdrawal is indeed high and seeing you have just putted out $100 then your daily payout wont really be enough to reach out that threshold on a short period of time which it would end for you to wait for long before you can accumulate and reach that minimum withdraw and talking about difficulty then you should not surprised if your earnings do become smaller and smaller as the days passed by.

Leonard2016

hero member

Activity: 1036

Merit: 520

Most of Cloud mimings are ponzi Scheme , so most of them are scam!
I would never invest in any of them , I'd rather to mine myself if i wanted to , Do you know what happened to nicehash?
it could happens to any of them.

trademindxofficial

newbie

Activity: 22

Merit: 0

Probably sounds a bit too good to be true - "give us $100 we give you $200" Undecided

smoothenough

newbie

Activity: 22

Merit: 0

Cloud mining is basically a SCAM, is not worthy to setup a mining environment to rent the 'profit making' to others who will actually earn more than what they have invested. Is an idea that looks great but is unachievable at the end so my suggestion is you to keep away from cloud mining

DanielRR1997

member

Activity: 196

Merit: 14

Advantages:
No excess heat to deal with
Quiet because of no constantly humming fans
No electricity costs
No bitcoin mining equipment to sell when bitcoin mining is no longer profitable

Disadvantages:
FRAUD!!!
Unverifiable or otherwise shady Bitcoin cloud mining operations
No fun! If you like building your own Bitcoin hashing systems.
Lower profits – Bitcoin cloud mining services or mining company will have expenses
Bitcoin mining contracts may have the ability to cease operations or payouts in the contracts if the Bitcoin price is too low

nl247

full member

Activity: 518

Merit: 145

Quote from: finist on March 12, 2018, 05:09:21 AM

Quote from: SFR10 on March 12, 2018, 04:39:24 AM

Quote from: finist on March 12, 2018, 02:55:25 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).

There are a lot of cloud services with reputation, so I use them and they are paying. Moreover, there are some resources that monitoring scammers and other bad guys. I am checking them everyday.
But I'm asking about amount of investment to cloud mining to be in plus every time. Is there any formula or function, which allow me to find out which amount of investment can bring me most advantage?

If we are referring to reputation here, then there are still some of them, but if we are referring to the idea of cloud mining in general being profitable, then I will affirmatively say it sucks because none is profitable at all. There is no amount you want to invest that would still pay you in the long run and if you cannot invest in miners yourself and join a pool, or go solo if you have the bucks, then you are only going to end up wasting your funds with any cloud mining, either reputable or not.

leviathon

member

Activity: 392

Merit: 13

You heard from everyone. Cloud mining is not really the best way. It can earn some profit but there is a risk involved in that. Scammers are everywhere nowadays.

FrueGreads

legendary

Activity: 1582

Merit: 1059

Quote from: finist on March 12, 2018, 02:55:25 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?

I think that's the worst investment you could ever made. It's full of scammers, and I don't know anyone that managed to get any profit from that. I know many say they did, but I'm pretty sure those are just scammers. I have a few friends that tried it, and all of them faced the same problem and quite.

You would be better of gambling that money, at least you wouldn't get scammed, and you would not have any disappointments. If you really want to try to have some profit from crypto, try trading crypto markets. If you don't know how to trade, try to get some knowledge about it first, and do some parper trading, to see if it works. If you can't, then just buy some crypto and hold it. Do the research of course, and don't buy crappy coins. I would stick to bitcoin and ethereum right now.

1NV3ST0NM3

full member

Activity: 420

Merit: 110

Quote from: finist on March 12, 2018, 02:55:25 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?

In my whole career of cryptocurrencies which is of around 3 years I have not even seen a single cloud mining project which turns out to be original and didn't run away with people's money. Therefore have to say that you are absolutely wrong in your approach. This minimum withdrawal limit looks a scam to me in itself. Why didn't they asked for a minimum deposit if they had a minimum withdrawal limit? Take out your money ASAP there is no fun doing it.

Malamok101

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Activity: 868

Merit: 100

Proof-of-Stake Blockchain Network

Why CLOUD MINING?
WE also have trading sites that you can earn a lot, I think people do not agree with the forum
That's what you have to say.

Topic: Clouds are the best? - page 2. (Read 324 times)