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Topic: Is cloud mining safe? - page 2. (Read 1492 times)

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
August 03, 2017, 12:10:29 AM
#6
Whatever my friends said above is true. Most of the cloud mining websites have been made just to scam people and your money might vanish overnight and you could do nothing for that. If you want to try how cloud mining works you can join Eobot at www.eobot.com . Its a free site but pays very little unless you invest in it. I wont recommend you to invest in it but you can just try it out without investment. Dont mine any coin, build your GHS by mining GHS and get faucet rewards daily. It will take you 1 month to build 1 GHS after that you can diversify and mine any coin besides you GHS.
member
Activity: 107
Merit: 100
August 02, 2017, 08:37:02 PM
#5
If you're talking about cloud mining then investing your money in ANY cloud mining site is risky. Yes, there are some cloud minings that pays but they're still sketchy if you ask me because anytime at any day, they can close their site and run away with your money. So if you're interested in mining, i suggest that just build your own mining rig.
sr. member
Activity: 324
Merit: 250
August 02, 2017, 04:50:00 PM
#4
I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

If you dont own the hardware, then its basically a scam. I've known some folks to have good luck with Hashnest, but they barely broke even.
full member
Activity: 128
Merit: 100
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August 02, 2017, 03:17:45 PM
#3
I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

You are talking about cloud mining... In this case, yes, 99% of the cloud mining companies are scams. The rest sell you all their risk for a small part of the profits...

Actual mining is completely different: if you do all calculations and risk assesements beforehand, you're reasonably safe

Thanks for your suggestion. But can you tell me that from which sites i should start safe mining?
legendary
Activity: 3402
Merit: 5004
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August 02, 2017, 02:47:24 PM
#2
I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

You are talking about cloud mining... In this case, yes, 99% of the cloud mining companies are scams. The rest sell you all their risk for a small part of the profits...

Actual mining is completely different: if you do all calculations and risk assesements beforehand, you're reasonably safe
full member
Activity: 128
Merit: 100
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August 02, 2017, 02:39:02 PM
#1
I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?
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