How exactly works cloud mining and is profitable start without any investment?

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Quote from: HarryKPeters on February 12, 2016, 05:14:34 AM

If you want to make a profit you have to take risk, in the form of an investment without investing, you are not likely to earn.
So no, you can't earn, without investing.

the risk that you take should be a calculated risk, not risking without thinking about the investment first.

in the case of cloudmining if you don't investigate before investing you are taking a dumb chance which will most probably cause you massively.

HarryKPeters

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If you want to make a profit you have to take risk, in the form of an investment without investing, you are not likely to earn.
So no, you can't earn, without investing.

cryptodevil

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Quote from: Pursuer on February 12, 2016, 03:27:08 AM

you will have better chance of getting your whole money back if you have invested in a Ponzi scheme (double your coin scams).

Remember, the 'profit' you are trying to make from these scams is that stolen from later 'investors'. You are essentially promoting the idea of theft as an investment vehicle.

Pursuer

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Quote from: robelneo on February 12, 2016, 01:34:25 AM

Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

Although I have investment on some cloud mining I don't fully trust them at all,some of them are just ponzi scheme disguise as cloud mining,the only cloud mining site worth investing is hashnet and genesis mining because they are very transparent on all their dealings

you will have better chance of getting your whole money back if you have invested in a Ponzi scheme (double your coin scams). the risk of double coins although high but still is lower than risk of cloudmining Ponzi. besides you can get your money back sooner from them if they don't run away with the money.

robelneo

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Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

Although I have investment on some cloud mining I don't fully trust them at all,some of them are just ponzi scheme disguise as cloud mining,the only cloud mining site worth investing is hashnet and genesis mining because they are very transparent on all their dealings

hasiramasenju

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Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

currently better use faucet than invest at cloud mining site because with faucet you can earn bitcoin daily even with small amount but it more safe and invest in cloud mining is not an good options because they will bring out your money before you ROI

manubyebye

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Thank you for all the advices i am friky foucets too but i was thinking like damn what if i do faucets + let running this 2 cloud minnig it will send me to the top (slowly but secure) but no way for now until the next month i will do faucets and this campaing and after i will invest a litle bit i am just glad that i didint put money in the clouds mining i was so close to do it because the offer that they give can scam everyone Cheesy

and eobot now give you 1 doge for login and there is an option in the web that have foucet give you 8 doge per day but is a waste of time already just give you free coins to invest more in the cloud you cant withdraw until you have 200 doge Shocked

pooya87

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Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

in my experience all of the cloudmining websites are a waste of time, no exception.

you will not get any decent profit from doing cloudmining, and that is only in case they are legit and don't run away with your money.

only thing that is profitable about cloudmining is (or i better say was) trading GHS (buy low sell high)

jayce

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Quote from: sakinaka on February 09, 2016, 03:11:53 PM

On eobot, they give you 1 DOGE per day freely (if I remember well that's that, if not correct me please). Then, if you're new and optimistic, you could think thta without investing anything, you'll end up being millionaire (I exagerate just a little) Grin

!

There is no reason to keep on collecting 1 doge per day. In a year all you will get is only 365 doges and even if you could sell doge at 100 sats that only 36500 satoshis which is around or less than 1 cent. There is no way to "invest" without anything to start with however cloudmining investment will not be profitable so OP should stay away from it

sakinaka

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Quote from: crazyivan on February 09, 2016, 06:41:56 AM

Without any investment? How can you start to invest without any investment?

On eobot, they give you 1 DOGE per day freely (if I remember well that's that, if not correct me please). Then, if you're new and optimistic, you could think thta without investing anything, you'll end up being millionaire (I exagerate just a little) Grin

!

adicted

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Quote from: SFR10 on February 09, 2016, 08:19:25 AM

From someone who used to do faucets all they long (8-12 hrs a day) for a month straight (me), and also from someone who have invested some money on cloud mining websites in the past (again me), I would advise to not waste your money on any of those cloud mining websites since they will always make you to invest in the end just so you earn fractions of what you invested in the long run, it will be more loss to you and more profit to the other party but with faucet you get at least 100% of what you earn just like how you deserve it with the effort you put in.

I can't imagine myself claiming faucets for such a long time in a month straight, back in my newbie days, I can't even resist the boredom I get from fauceting for 2-3 hours, what more for 8-12 hours? I wonder, how much you have earned for that month with just faucets? Can you still remember? I guess OP should be like you in the meantime since he's still a newbie Cheesy

SFR10

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From someone who used to do faucets all they long (8-12 hrs a day) for a month straight (me), and also from someone who have invested some money on cloud mining websites in the past (again me), I would advise to not waste your money on any of those cloud mining websites since they will always make you to invest in the end just so you earn fractions of what you invested in the long run, it will be more loss to you and more profit to the other party but with faucet you get at least 100% of what you earn just like how you deserve it with the effort you put in.

adicted

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Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

If I were to choose between faucets and cloud mining sites, I'd rather sit the whole day on my computer solving captchas and claiming faucets than investing and risking my coins on a cloud mining ponzi site Cheesy

But I am not telling you to do faucets the whole day Cheesy

I advice you to stay your bitcoins away from such cloud minings.

Herbert2020

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Quote from: crazyivan on February 09, 2016, 06:41:56 AM

Without any investment? How can you start to invest without any investment?

it is sometimes possible that some of these brand new (in some cases ponzi scheme) cloudmining sites offer some promotional ghs giveaways which you can start with.

i have earned some around 0.02BTC a year ago from these giveaway types and withdraw before they closed their ponzi Wink

manubyebye

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Quote from: crazyivan on February 09, 2016, 06:41:56 AM

Without any investment? How can you start to invest without any investment?

yes i mean i didnt invest in the cloudmining i just used the coing that they give me away so basic i didnt invest to start the cloud mining but after i reach some coins i did invest the free coin to use more power mining "ghz" but is almost nothing and i seen like will never got profit show profit per year like 0.00000100 btc and that a joke i guess Cheesy

i did mine doge coins more fast but it never ends i put all doge coing in buuy more power and for withdraw i must have at least 2000 dogecoins that seem imposible too

crazyivan

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Without any investment? How can you start to invest without any investment?

manubyebye

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thanks again for the tips i will end those cloud mining asap Shocked

jayce

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Quote from: manubyebye on February 09, 2016, 04:35:49 AM

oo man thanks for the advice am using eobot and there is a new one that am using i think that is new because i didnt saw it in your list https://cldmine.com

but thanks god i didnt make any invest they give me away some coins to start mining and i started with doge coins Shocked

Learn to use some common sense. No people will be giving away some coins for you to use their service. It is just a trap which probably you cant withdraw, or even if you can withdraw it then it would take several days just to withdraw few cents . Some more advice, dont even try to register in a cloudmining site, there was a case once where most user's personal information got leaked out from a cloudmining site which obviously its the owner's doing

teddy5145

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Quote from: manubyebye on February 09, 2016, 04:35:49 AM

oo man thanks for the advice am using eobot and there is a new one that am using i think that is new because i didnt saw it in your list https://cldmine.com

but thanks god i didnt make any invest they give me away some coins to start mining and i started with doge coins Shocked

Yes, it is a wise decision to not use your Bitcoin to invest some kind of Ponzi scheme Wink

They are giving you free coins to lure you in, people tend to put a lot of money when they sure that this thing is a profitable website
But in the end, no Sad

Anyway, i suggest to keep your id clean from any scam attempt and improve the post quality
You can make a $20/week with signature campaign if you have a good post quality and high rank id

Good luck

manubyebye

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oo man thanks for the advice am using eobot and there is a new one that am using i think that is new because i didnt saw it in your list https://cldmine.com

but thanks god i didnt make any invest they give me away some coins to start mining and i started with doge coins Shocked

shorena

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Quote from: manubyebye on February 09, 2016, 04:17:28 AM

Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

I will tell you what I wish someone told me when I started to get interested in cloud mining.

-> https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 the majority of them are ponzis, the rest is unlikely to be profitable.

manubyebye

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Hello am new in bitcoins and i saw in some post in other web about cloud mining but am not sure at all if is profitable i mean better then do faucets? can someone explain more about it and give some good cloud mining webs thanks Cheesy

BTC

Topic: How exactly works cloud mining and is profitable start without any investment? (Read 925 times)