Do you think buying shares in mining site are good?

suzanne5223

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Quote from: Sydneydexter on September 12, 2017, 08:23:26 AM

Im new in this kind of business but i just want to know your opinion about it . i appreciate your suggestions and opinion thank you for your help

Buying shares in mining site is not advisable because acouple years most cloud mining site turn out be scam site by stole all their investors money but I don't know the situation is change now I never give it a try ever since then.

EDIT : Be ware and take things slowly or else you'll loose your money

Katherine_ms

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depends on the site. if he has a good rating he makes up for it

Sydneydexter

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Quote from: guclu on September 12, 2017, 08:39:40 AM

NO! Whether you buy a new cloud mining contract or a second hand working one, doesn't really matter. You will hardly make any ROI and "the house always wins"... That is the rule. I paid a lot less than what hashflare was selling a few months back, for 550mh/s scrypt. They were selling for like 3btc at the time if I am correct cause that was the btc price. I paid 2.44btc.... I will never make a roi in terms of btc. Maybe I will get my dollars back, but holding to my btc would be a lot more profitable. I'm lucky if I can even make 2btc out of that shit

thank you for sharing your experience it helps a lot to me because im just new in mining contracts.

Sydneydexter

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Quote from: NotFuzzyWarm on September 12, 2017, 08:40:36 AM

Quote from: Sydneydexter on September 12, 2017, 08:38:23 AM

Quote from: NotFuzzyWarm on September 12, 2017, 08:36:09 AM

Belongs in Speculation threads...

sorry im new in here i thought it was in mining should i delete this post?

The mods will move it eventually

ok i will very careful next time

NotFuzzyWarm

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Quote from: Sydneydexter on September 12, 2017, 08:38:23 AM

Quote from: NotFuzzyWarm on September 12, 2017, 08:36:09 AM

Belongs in Speculation threads...

sorry im new in here i thought it was in mining should i delete this post?

The mods will move it eventually

guclu

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Activity: 260

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NO! Whether you buy a new cloud mining contract or a second hand working one, doesn't really matter. You will hardly make any ROI and "the house always wins"... That is the rule. I paid a lot less than what hashflare was selling a few months back, for 550mh/s scrypt. They were selling for like 3btc at the time if I am correct cause that was the btc price. I paid 2.44btc.... I will never make a roi in terms of btc. Maybe I will get my dollars back, but holding to my btc would be a lot more profitable. I'm lucky if I can even make 2btc out of that shit

Sydneydexter

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Activity: 125

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Quote from: NotFuzzyWarm on September 12, 2017, 08:36:09 AM

Belongs in Speculation threads...

sorry im new in here i thought it was in mining should i delete this post?

Sydneydexter

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Activity: 125

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Quote from: carlfebz2 on September 12, 2017, 08:33:25 AM

Quote from: Sydneydexter on September 12, 2017, 08:23:26 AM

Im new in this kind of business but i just want to know your opinion about it . i appreciate your suggestions and opinion thank you for your help

You mean buying other cloud mining contracts from other people? If yes, then it wont be good on my side. First thing what do you think why those people do sell of their shares/contracts on a certain mining site?For sure they do tend to sell it for the sake of ROI because they do saw that they aren't earning too much on their recent contract which they can reach roi for too long this is why the decide to sell it out. Lets say you did buy that one and then you are earning already on daily basis for sure you will get the burden on receiving less payouts because of mining difficulty increases which would affect your earning. Thinking off (The amount you used on buying the account - on your daily earnings for sure it would take years for you to ROI.

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thank you this really help a lot.
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NotFuzzyWarm

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Belongs in Speculation threads...

carlfebz2

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Quote from: Sydneydexter on September 12, 2017, 08:23:26 AM

Im new in this kind of business but i just want to know your opinion about it . i appreciate your suggestions and opinion thank you for your help

You mean buying other cloud mining contracts from other people? If yes, then it wont be good on my side. First thing what do you think why those people do sell of their shares/contracts on a certain mining site?For sure they do tend to sell it for the sake of ROI because they do saw that they aren't earning too much on their recent contract which they can reach roi for too long this is why the decide to sell it out. Lets say you did buy that one and then you are earning already on daily basis for sure you will get the burden on receiving less payouts because of mining difficulty increases which would affect your earning. Thinking off (The amount you used on buying the account - on your daily earnings for sure it would take years for you to ROI.

Sydneydexter

member

Activity: 125

Merit: 10

Im new in this kind of business but i just want to know your opinion about it . i appreciate your suggestions and opinion thank you for your help

Topic: Do you think buying shares in mining site are good? (Read 350 times)