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Topic: Is cloud mining is a good investisment for my BTC - page 2. (Read 1508 times)

newbie
Activity: 39
Merit: 0
Ok thanks, any other idea of where I could invest my btc safe ?
newbie
Activity: 18
Merit: 0
cloud mining is a kind of ponzi sites
there were only few legal sites and one of those biggest cloud mining site cex.io shutdown their operation due to lower bitcoin price
hero member
Activity: 672
Merit: 502
If you can find a legit cloudmining website, you might make a penny or two but it's really hard to know whether a company really has a farm set-up for mining or did they just made a website to collect money of investors and run away.
sr. member
Activity: 448
Merit: 254
Short Answer:  NO.

Long Answer:  The legit ones either lose money or dont make much while the rest are straight up Ponzis that are collapsing constantly

 Stay away from this scene if you value your BTC and sanity
full member
Activity: 135
Merit: 100
there are lots of scams in the cloud mining scene. Look for the cloudminin 101 topic for more details


and even legit sites have low profitability with the recent prices drop, so I doubt it is worth right now
legendary
Activity: 1470
Merit: 1004
Hello,
I have some Bitcoin and I wanted to make them useful.
I am thinking about using a cloud mining provider to earn money with my bitcoin safely.
But is cloud mining really profitable ?
If yes, which cloud mining provider can I take ?
And in which pool should I mine ?


take cloud mining as a game. play but only as much you can afford to lose. you can earn good money from cloud mining BUT be sure that the collapse will come sooner or later. Smiley

hero member
Activity: 618
Merit: 500
a clockwork miner
But is cloud mining really profitable ?
If yes, which cloud mining provider can I take ?
And in which pool should I mine ?

I think you'll find the following thread very interesting:

[Cloudmining 101 - How not to get scammed]
https://bitcointalksearch.org/topic/m.9697654
full member
Activity: 224
Merit: 100
Hello,
I have some Bitcoin and I wanted to make them useful.
I am thinking about using a cloud mining provider to earn money with my bitcoin safely.
But is cloud mining really profitable ?
If yes, which cloud mining provider can I take ?
And in which pool should I mine ?

It was before, not sure about now. CEX and a few other cloudmining companies shutdown due to the fall in bitcoin prices. So its risky atm.
newbie
Activity: 39
Merit: 0
Hello,
I have some Bitcoin and I wanted to make them useful.
I am thinking about using a cloud mining provider to earn money with my bitcoin safely.
But is cloud mining really profitable ?
If yes, which cloud mining provider can I take ?
And in which pool should I mine ?
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