Topic: Help me to find best cloud mining (Read 242 times)

Not one who posted on your post has recommended a cloud mining site, I wonder who told that cloud mining is still profitable, back 2017 there are good cloud mining sites, but they are exposed as a Ponzi Scheme, in fact, there are sites that sell people cloud mining script, and it works like a Ponzi scheme on their back end, only invest in a cloud mining project, where you can physically visit the facility.

Think of it this way,
If some trader had an insider news about the market, would they sell that news to make money or pump and dump their coins to make money? If they gave away the information they would get a lesser chance at taking the profit that the market would have given then in case they had not divulged that information.

Secondly, it is easy to fool people on the internet because people give false promises and some people accept them without questioning. This is why trading signals are popular but actually a scam.

Thirdly, there are some pump and dump groups too. They promote their own shitcoins to the brainwashed member who buy that coin and create a good buying pressure when the owner of the group (the scammer) sell away their coins to get a good profit and leaving the members with a bag full of shitcoins with no volume to sell on.

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The straight answer is, all these are scams. If you want to trade, learn trading for traditional stock market books, because youtubers if you try them, will simply shill their shitcoins more than teaching you anything. By anyway, learn how to trade and use that to buy sell coin at your own choice and decision.

Anybody who tells you to buy this buy that, is attempting to trick you. You have to be very careful in this market.

Nobody in the world does anything just to show their generosity. There is always a hidden agenda, specially on the internet.

IMHO Trading signals are also scammers. Instead of looking for trading signals try to learn about technical analysis of crypto trading which will help you to predict on your own and you also can make decent ROI.

can  you please tell is there any good trading signals?

Copy trading is going to give you better results than cloud mining (as long as you choose the right trader). $500 is a decent amount of money but it won't give you anywhere near a 10% return if you use it for cloud mining.

Even lending services would give you a better ROI.

That's big money, but it's not worth investing it in cloud mining, because it's a thing of the past, it's better to invest it in the market on a good coin than waste your money on these cloud minings where some of these are just Ponzi scheme. so many of them are exposed as a Ponzi scheme so better stay away from them.

Have you learning about cloud mining? If I were you, before I make a decision to spend money in anything place I'll check the place before I spend it. I mean, I'll consider an advantage and disadvantage of the place first. Seems like I have a bad prejudice to you who just find a reference about profit side of the cloud mining. So here are some thread that must you consider,

1. Cloud farm-mining.com website is a scam!
2. start-mining.com scam, don't join this scam website
3. Is HashFlare About to Exit Scam ?
4. Cryptominingfarm.io is a scam cloud mining site
5. Seedhash.com Scam - Cloudmining

This kind of investment is only promising a passive return but it will not work for long term. If i were you i will use that balance on trading or other small bussineses that you only need small capital , dont try to gamble your money with the investment that one day will run your money. Make money in your own way and not be base in any invesemt that you can see online that promising a high return.

It's really good that all users in this community help other people , thanks guys you really helped me.i hope other people like me see this post before buying or investing to cloud mining, I bought $500 btc yesterday and I want hold it for 2 years and I know it's safer to hold my money

None. All are scams.

Better off you hold that money in bitcoin. Buy some bitcoin now that the price tanked a bit and sell it a few years later.

Cloud mining is a disguised ponzi (HYIP/MLM) scheme. The only person who makes money from them is the owner and they are never going to reveal themselves or just fool you with stock images as team members. They operate them one by one as a nice looking profitable investment scheme only to rip you off once fine day when you realize that the site no longer exists and all the coins are gone.

They will initially pay to build some reputation. Again this payment is actually coming from new investors entering the "pyramid" while the older investors are getting some payments. It might be possible to get a few early bucks and then get out before the site closes but you never know when it will close so its risky as anything. I would never advice any beginner in crypto to go for them.

Cloud mining will not be profitable anymore that is why many legit cloud mining sites turned into the scam in the past. So don't waste your $500 just buy bitcoin with them and a few years later you may get more profits than you expected.

The site looks legit but I have a second thought in these cloud mining sites and most of them are just Ponzi scheme without actual hardware to show to their investors I've scam several times in the past, if they can prove beyond a reasonable doubt then it's up for you to decide to invest.

I am afraid if you continue digging so much, you'll become a victim of scam cloud minings.
I may suggest you to use hashnest because there at least you are capable of selling your hashrates and if nothing, at least keep some % of your invested money.
But in overall, it's mentioned over and over again, cloud mining isn't beneficial for customers but is great business for owners. Cloud mining scheme and zero guarantees are huge advantage for those who offer you this service. They write nice words: forget hardware nose, start mining with just one click and etc but they don't say that we guarantee you to protect from lose, no, they do opposite and say that they will decline your contract if it's not beneficial for them. I tried to show you all of this from different point, hope you'll consider this.

absolutely agree with that!!! been there, done that a long time ago.
one thing i can say, even if the site is a very respectable, reputable one, name it, you cant get the profits or income that they are promising to you.
so better invest in hardware if you have the money...

As far as I know, most (like around 99%) of the cloud mining sites are just pure scam. You will invest, they will return you some profit, you start trusting them, you increase your investment, they still give you more profit, you gain more confidence on them and make a huge investment and then *poof* they are gone! You lose all your money. Most of them are just simple ponzie scheme like others mentioned. Those which are legit, will barely give you any profit.
Better off investing on some coin and holding it.

Smart decision. The only time I've seen cloud mining work out for someone was when they caught a sale from Bitdeer… or whatever Bitmains cloudmining service is now. Even then it was a slim profit over just buying and holding coins.

In the future Cloud mining questions belong on the Service Discussion board, as it's a service and not actually BTC mining.

Thank you guys you help me, I don't invest on cloud mining,and I just buy some bitcoins tonight 🙄

Firstly, cloud mining are not profitable, there ROI will only make you stuck in and you'll hardly get your investment back. Thats if you're lucky because most of the cloud mining site end up scamming their users. Therefore, i will advise you to buy genuine  now and hold till it ATH which will be more profitable for you but you still insist on cloud mining Genesis is among the long existing cloud mining site.

it was around 2014 when cex.io decide to turn off their online mining operations due lack of ROI.
So I thinks it's actually true, unless you mine an undervalued coin (strong doubts about it...) better save your money and buy directly the coin you're interested for...

 

There's no "best" cloud mining, there's no "good" cloud mining. Keep your money, invest it in something better.
I've just answered on another thread about cloud mining minutes ago.
Just look for my post there and use the search string to see what others answered on this same question.