Author

Topic: Is anyone buying cloud mining now? (Read 1440 times)

legendary
Activity: 1022
Merit: 1000
August 30, 2014, 06:03:16 AM
#6
cloud is definatelly profitable , for the pool

Classic.  Exactly, mining is just buying bitcoin in a different way.  Cloud mining is just adding a third party to the equation.  This is not to say that you can't make money, some do, but as cloverme points out, you are basically investing in their operation.

Good Luck!
sr. member
Activity: 255
Merit: 250
August 30, 2014, 02:08:39 AM
#5
cloud is definatelly profitable , for the pool

Agree, if it is not profitable for the pool then the pool wouldn't sell it.
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
August 29, 2014, 08:09:03 PM
#4
Don't even bother cloud mining, it's a suckers bet. You're not really mining at all, you're just investing in someone else's infrastructure for a small dividend every day or week.  You're luck if you ever get a return on your investment or obtain any profitability. You are better off purchasing Bitcoin now and waiting for the price to rise again and then sell. Don't waste your money on cloud services for mining.
legendary
Activity: 1036
Merit: 1000
August 29, 2014, 03:37:34 AM
#3
cloud is definatelly profitable , for the pool
legendary
Activity: 2128
Merit: 1119
August 27, 2014, 10:41:04 AM
#2
I wouldn't recommend buying into it...you will not make a profit.  If you have cheap power buy used miners, but if not just buy BTC and HODL.
newbie
Activity: 17
Merit: 0
August 27, 2014, 10:23:34 AM
#1
Not very sure if cloud mining is profitable. Did anyone buy it now?
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