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Topic: Is cloud mining still profitable? - page 3. (Read 2630 times)

hero member
Activity: 770
Merit: 504
(っ◔◡◔)っ🍪
March 07, 2015, 09:39:43 AM
#11
Only invest in cloud mining where you can set your own custom pool and watch your miners work.
I don't know how many such services exist besides betarigs/leasearig/miningrigrentals.
If you can't set your custom pool it's very likely to be a scam  Shocked
legendary
Activity: 1526
Merit: 1000
March 07, 2015, 09:37:22 AM
#10
Read CloudMining 101.

Most of them are scam, and even if they are legit, I don't think it's profitable.

So most of them are ponzis?

I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining?

You give them money. Instead of wasting that money by buying and operating miners, they just do the math and see how much money you would have earned , and give that money back to you.

These had been able to go on for a while because most miners would never payout the amount of money you paid in. If they did, the operator could use other people's money to payout, or just take the money and run.

If someone is actually running miner in their cloud mining you should be able to point the miners where you want them and you should be able to look on the blockchain and see fresh coins be mined, and go to your address.

hero member
Activity: 910
Merit: 1000
March 07, 2015, 09:28:46 AM
#9
Well some of them are. In the beginning I was part of the cloudminr campaign , where it paid 18 GH/S , and I havev been able to get a positive ROI within 4 months by now
member
Activity: 98
Merit: 10
ToQcHista
March 07, 2015, 09:07:56 AM
#8
Guys,

I came across this a long time ago and at that time I wasn't really sure to invest or not.

But now so much scam has collapsed, while some are pretty stable.

So should I invest in cloud mining contracts, and if yes which ones should I invest in?




I advise you will use this company > https://bit-x.com/


most truther , payer and reliable . nowaday .


i now  using this website.


you if don't want will buy hardware and put home therefore i advise you will use bitx.  https://bit-x.com/
legendary
Activity: 1050
Merit: 1000
March 07, 2015, 08:58:21 AM
#7
cloud mining was never profitable. Don't put your money into these ponzi's. Look at how pbmining.com turned out.
hero member
Activity: 938
Merit: 1000
March 07, 2015, 08:45:27 AM
#6
now it isn't
but maybe i it will if bit coin prices increase more then 300 dollars..
legendary
Activity: 1764
Merit: 1000
March 07, 2015, 06:56:53 AM
#5
Nope , cloud mining is no longer profitable..a lot already closed down due to operation costs. If you manage to invest on some I doubt you can make your investment back, not even in a long time.
legendary
Activity: 3248
Merit: 1070
March 07, 2015, 06:49:15 AM
#4
no they aren't since long time, better to hold your bitcoin, or trade them if you are good, in trading
sr. member
Activity: 448
Merit: 250
March 07, 2015, 04:47:13 AM
#3
Read CloudMining 101.

Most of them are scam, and even if they are legit, I don't think it's profitable.

So most of them are ponzis?

I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining?
full member
Activity: 168
Merit: 100
Yoohoo
March 07, 2015, 04:45:59 AM
#2
Read CloudMining 101.

Most of them are scam, and even if they are legit, I don't think it's profitable.
sr. member
Activity: 448
Merit: 250
March 07, 2015, 04:32:18 AM
#1
Guys,

I came across this a long time ago and at that time I wasn't really sure to invest or not.

But now so much scam has collapsed, while some are pretty stable.

So should I invest in cloud mining contracts, and if yes which ones should I invest in?
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