it has been discussed a million of times:cloudminings are either PONZIs,with only purpose to steal your money
or places where you are not going to reach ROI(the few legit ones)
stay away from it,unless you know what are you doing
read this topic: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
it should give you the criteria to check the sites on your own and to decide for yourself
Topic: Is cloud mining still a good invesstments in 2k17 ? (Read 1437 times)
I don't think that cloud mining is still a good way for investments in 2017, because a lot of site of CM are scams, Maybe a few one safe for now like genesis mining, but later they will scam.
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
Indeed. Cloud minings are mostly created to steal other people with its Ponzi scheme. There is nothing to ensure with us that genesis mining is a true company so I suggest that you should stay away from them I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
It is really sad to hear that you got scammed by hashoceans. I did believe Hashoceans is a true company but I was wrong. They stole almost 6000 Bitcoin from users and it is really really terrible
I don't know if cloud mining is the right word but
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
[/b][/size]i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
I will give you some information regarding about "PONZI" just take note of this, it means "STEALING" or "ROB" that's most people said here if there is a site like cloudmining, hasheer, hashnest, zcash, bitminister, etc. Those mining sites that I mentioned was a ponzi scheme, which means once you join in there you are starting to throw your investment. Hope this things will help you with your concern.
I don't think that cloud mining is still a good way for investments in 2017, because a lot of site of CM are scams, Maybe a few one safe for now like genesis mining, but later they will scam.
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
Everyone that has invested in a cloud mining site have already been scammed at this point except to those that invested in genesis mining and other new cloud mining sites. But we all know how it will end. History just repeats itself. There are new cloud mining sites that claim that they're legit but that's the very same thing cloud mining sites in the past said.
There are cloud mining sites like genesis mining that are still paying right now but it would take a lot of time before you can even ROI. I don't think an investment this slow is a good thing. You might as well just time deposit your money in the bank since you'll never earn much from these types of cloud mining sites as well. In the banks, you're sure that your money wouldn't be scammed.
I don't think that cloud mining is still a good way for investments in 2017, because a lot of site of CM are scams, Maybe a few one safe for now like genesis mining, but later they will scam.
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.
Cloud mining is always risky but i hear some positive feed back about but i still don't have any hope on it. Because when you invest in cloud mining you need to keep track of your return but what i observe is they are paying little amount on your investment, to get returns on your investment it will take some time.
There are 2 different risks always associated with cloud mining.- Profitability of cloud mining. Even cex.io is a trusted services, many investors with them were not satisfied with the returns they got. The prime influencing factor here must be mining difficulty. We never will be able to predict it.
- Credibility of mining service. If we invest into a fake cloud mining services, there would be no guarantee for even capital.
But, I guess we may get new trend in profitability of cloud mining in 2017 as bitcoin prices are above break even levels. Still, mining difficulty may over shade them
I don't know if cloud mining is the right word but
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
Let's back now to the reality of most cloudmining are ponzis. Did your friend mentioned what site he was talking about? Back in 2014, there are lots of cloudmining companies that pays their members not because they are a legit but because they attract lots of investors so they can keep paying all their investors. No mining operations really happened but only statistical computation based on current mining difficulty.
Cloud mining is never profitable no matter what even on the past months and even now. Cloud mining does still exist and keeps popping out because they know they can scam people everytime,thats why you should not put your money in any cloud mining sites. They might there are some legit ones but its not profitable anymore.
Even if you invested on a legitimate cluodmining site. Theres no guarantee it will give you much profit. It will take a long time before you gain back your roll of investment. Cloudmining is not profitable anymore. Maybe if you invested long time ago. Also, theres so much cloudming sites and many of them are just scams. Its too risky.
Legitimate cloud mining sites aren't really different from scam sites as they at some point will go through not profitable times due to the difficulty going higher.If the legitimate cloud mining sites don't do anything to add gear to their farm, they will see their percentage of the network that they account for only go down, and thus less blocks being found.
It will leave them with a few options :
- They expand their mining operations in form of buying new hardware. Quite often this is not an option for them.
- They shut down their entire cloud mining operations where they eventually quit mining entirely.
- They simply increase their maintenance fees to such a level, that you end up seeing all your rewards vanish.
Mainly the latter option is the most interesting for them as it saves them quite a bit money since they don't have to pay people out anymore.
Just look at what happened with CEX as that is the perfect example of how legit cloud mining sites can go nuts and leave people in the red. It's a done industry.
I don't know if cloud mining is the right word but
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
[/b][/size]i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
The best answer is a simple NO. Whatever you do dont invest in any cloud mining operation. Most of them are ponzi schemes and if you ever find an honest one it will surely lose money. Think about it this way, how can a cloud mining business compete with todays industrial BTC miners from China some of who create their own Asics?
Cloud mining is always risky but i hear some positive feed back about but i still don't have any hope on it. Because when you invest in cloud mining you need to keep track of your return but what i observe is they are paying little amount on your investment, to get returns on your investment it will take some time.
Even if you invested on a legitimate cluodmining site. Theres no guarantee it will give you much profit. It will take a long time before you gain back your roll of investment. Cloudmining is not profitable anymore. Maybe if you invested long time ago. Also, theres so much cloudming sites and many of them are just scams. Its too risky.
I have an experience ini cloudmining and it is a bad experience, just go away from cloud mining, because you Will lost your money or your Investment , trust me
Yes, it was happened to me before. I was invested some of my money in cloudmining site, and i ended got scammed by them (LTCgear). I was almost got scammed too when i invested in script.cc, fortunate i withdrew my money before it scammed me. From that both examples, i don't want invest my money again in any cloudmining sites.
In my opinion it is not a good investment, because people tend more to invest their money in trading and gambling now, as well as the mining concept has been replaced by other concepts like PoS and forging (Lisk), these ways are energy saver and might give better profit.
It will never going to be a good investment throughout the whole year, in the past and in the future. They are scams just believe all the people here.
And if op's friend manage to get profit each 2.5 months, I guess he is one of the early investors of that cloud mining.
Cloud mining will always going to be scam and it is not worth to invest your hard earned bitcoins.
Cloudmining sites is never a good investments and most people here on this forum knows about these crap website on which they are just total scams and really a waste of time and its better to stay away from this if i were you and dont believe to your friend and as the man said above me that your friend reacruiting you just for referal bonuses.
While I'm reading your statement it makes me smile, But the word you mentioned was true and correct. I agreed on that things, even me I don't trust any cloud mining. Perhaps, the only member in bitcoin forum who's saying cloud mining is a good investment is the people trying to get the attention of others for them to recruit you only. Because for them in their sight you are Bonus they are not giving you opportunity instead you are giving them a BONUS.
Why would you invest in cloud mining? At the first place the ROI would take so long and it will turn scam in the long run. Find another way to earn some profit.
It's indeed ridiculously stupid to continue trying to squeeze profits out of an industry that has been only profitable to the operators of the cloud mining sites.But that's unfortunately not how some people think as they still look into cloud mining even though it's only a huge waste of time and money due to the constant increasing difficulty.
Also take in mind that operators can boost their profits at the time they get greedy by increasing the maintenance fees significantly. Every bit of income that you was generating when a block was found, goes directly to waste.
It just leads to the same thing that people get caught up in: greed. The more greedy they are, the more they will "invest" in things that will only cost them money. But until people learn to THINK instead of be driven purely by greed, they will continue losing money.
There will be no significant changes just due to the new year 2017 (as bitcoin prices are almost same levels at where it was in late 2016). Compared to two years back, bitcoin prices got appreciated 4 times where are mining difficulty raised more than 6 times. So, cloud mining will be the same like you must wait for tear long to gain back ROI.
In my opinion it is not a good investment, because people tend more to invest their money in trading and gambling now, as well as the mining concept has been replaced by other concepts like PoS and forging (Lisk), these ways are energy saver and might give better profit.
Invest in cloudmining site is not a good option for your money. Its only good when the site is new and it will surely close one of the day and run your money. why don't you try trading you can have much higher return if you're good on it.
I don't know if cloud mining is the right word but
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
i mean when you buy Mhash and the site mine for you without
the use of your computer...
A friend of mine told me about cloud mining in 2k14 and he said he made
his investment every 75 days
(like if you invest 300 dollars you get 300 dollars each 2.5 month)
so is it still a good investment today ?
what atr the best sites if so ?
thnx
Your friend told you in 2014 right? Are you just thinking about cloud mining today? What cloud mining site did your friend invest?
wow i didn't think it was a scam....
thank god i didn't have any money when my friend told me about it
thank god i didn't have any money when my friend told me about it
You need to answer what I asked you so I can understand.
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