Is cloud mining worth it? | Bitcointalksearch.org

senyorito123

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Quote from: BitHodler on September 17, 2016, 10:17:37 AM

Quote from: densuj on September 17, 2016, 10:08:23 AM

It is not worth, the fees of mining is very high because of difficulty, i am we can be return of investment and it is very dangerous because mostly cloud mining service are scamer, although there is cloud mining service that can be trusted like hashnest.

Whether or not a certain cloud mining site is really legit, it's simply not worth the time and money you invest in it.

Maintenance fees are too high in regards to the very low rewards you get per found block.

It's much better that you just keep your Bitcoins in your wallet as a long term investment. It saves you a lot time, money and headache.

Maybe that could be a good idea if you really don't want to compensate on cloudminings but its still risky to wait for more long months and hold your bitcoins in your pocket, but i think the best thing to do with that is to invest it so your btc will grow so if the time the btc price suddenly pump well yoy can earn huge profit with it since your doing a nice job handling and doing some great decision when it is on early stage on it.

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Quote from: densuj on September 17, 2016, 10:08:23 AM

It is not worth, the fees of mining is very high because of difficulty, i am we can be return of investment and it is very dangerous because mostly cloud mining service are scamer, although there is cloud mining service that can be trusted like hashnest.

Whether or not a certain cloud mining site is really legit, it's simply not worth the time and money you invest in it.

Maintenance fees are too high in regards to the very low rewards you get per found block.

It's much better that you just keep your Bitcoins in your wallet as a long term investment. It saves you a lot time, money and headache.

winspiral

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Quote from: densuj on September 17, 2016, 10:08:23 AM

It is not worth, the fees of mining is very high because of difficulty, i am we can be return of investment and it is very dangerous because mostly cloud mining service are scamer, although there is cloud mining service that can be trusted like hashnest.

at the start it was worth to mine with the computer...

My u2cloudmining site makes profit ...no need now to lose with mining.
My u2cloudmining system is the only real system who makes profit without mining...

So far many members have earned...and none has lost because it is impossible to lose...only earning is possible.

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Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Nopes. They dont worth. Try other forms of investment, where business model is clear.

densuj

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It is not worth, the fees of mining is very high because of difficulty, i am we can be return of investment and it is very dangerous because mostly cloud mining service are scamer, although there is cloud mining service that can be trusted like hashnest.

Valkiria

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I totally agree with last comments. I invested some years ago and I had some benefits, but since last year I have lost almost all my investments in Cloud mining, some of the companies closed and other ones doesn't have any support at all.

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Quote from: xuan87 on September 16, 2016, 08:21:39 AM

no its not worth at all, its like playing with time bomb, for sure one day cloud mining is going to scam you, and to make it worse the ROI is so long, so its not worth with the risk, just stay away from it, unless you want to donate your money to the site owner

Well yeah cloud mining are not worth it and I know many cloud miners already learned a lesson from hashocean and will not going to have another attempt for investing with it. Because they are just total scams and simple as that and I would say that even they are promising high returns it is better if you not going to trust them.

zenitzz

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Quote from: airezx20 on September 16, 2016, 04:24:15 PM

I dont support anyone to invest in cloud mining and its really not worth it,even you will loose your bitcoins here because most of the cloud mining sites are scam.Even that are running still but giving very less return specially after halving,getting back ROI will take a lot of time now and may be before that they may close,so i wont support that.

Agree, although there was a cloud mining that actually run their business but to get a profit requires a long time and most of the mining sites the cloud would end up with scam.

airezx20

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I dont support anyone to invest in cloud mining and its really not worth it,even you will loose your bitcoins here because most of the cloud mining sites are scam.Even that are running still but giving very less return specially after halving,getting back ROI will take a lot of time now and may be before that they may close,so i wont support that.

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Quote from: Qunenin on September 16, 2016, 01:10:45 PM

Quote from: MFahad on September 15, 2016, 01:43:12 PM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)
Just trying to get my head around things.
Thanks!

In my own experience cloud mining have turned out to not be trustworthy or let me say majority of them because quite a number of them have turned out to be scam

Also those who have turned out to be legit and have stand the test of time have a way to make you regret investing. So back to your question it does not worth it, I wont go into it and wont advise as well...

Its not worth investing into these websites the most are ponzi's, they are almost all scammers so I think that is already saying enough about it right ?
You should not do it because you will at the end not make any profit.

Qunenin

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Quote from: MFahad on September 15, 2016, 01:43:12 PM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)
Just trying to get my head around things.
Thanks!

In my own experience cloud mining have turned out to not be trustworthy or let me say majority of them because quite a number of them have turned out to be scam

Also those who have turned out to be legit and have stand the test of time have a way to make you regret investing. So back to your question it does not worth it, I wont go into it and wont advise as well...

lienfaye

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For me its not worth it and cloud mining is not the answer for generating profit through bitcoin, most of them are like ponzi schemes. maybe some of them are legit but it will take a long time for you to earn, so dont trust easily because you'll never know how long it will last.

xuan87

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no its not worth at all, its like playing with time bomb, for sure one day cloud mining is going to scam you, and to make it worse the ROI is so long, so its not worth with the risk, just stay away from it, unless you want to donate your money to the site owner

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Quote from: Rostadom on September 16, 2016, 06:22:32 AM

There's no way cloud mining it's worth it. To me, people who are depending on investment sites like this is the type of people who are too lazy to work their way to success. They want to make other people do the effort. Thus, they pay for an "investment" and lazily wait for 3 months to have profit. In most cases, the website just turns into scam even before the members get their ROI.

From an investors perspect the risk vs a potential reward is admissable. Therefore It is not worth to spent even a dime into any type of cloud mining operation.
In short, they are after your money (duh) but they can't (financially) reward you something substantial.

Rostadom

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There's no way cloud mining it's worth it. To me, people who are depending on investment sites like this is the type of people who are too lazy to work their way to success. They want to make other people do the effort. Thus, they pay for an "investment" and lazily wait for 3 months to have profit. In most cases, the website just turns into scam even before the members get their ROI.

StarofBTC

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Quote from: Daneric on September 16, 2016, 06:06:59 AM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

If cloud mining could be worthy it then most of us could be rich. I invested more than 5 bitcoins in cloud mining 3 different cloud mining sites but now I am regretting. keeping in mind that I had borrowed this money from lenders, it has been a big blow to my reputation because what I borrowed is still outstanding and I am not able to repay back. Look for something else more important than cloud mining.

5 bitcoins is really very big money, with which you have tried cloud mining industry. I guess if you had invested into a reputed cloud mining services, you might get chances to get few rewards as share till today. It means you will still have chances to recover your investment but after some long waiting. Hope you will recover your investment at least in equivalent fiat value in near future.

Daneric

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Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

If cloud mining could be worthy it then most of us could be rich. I invested more than 5 bitcoins in cloud mining 3 different cloud mining sites but now I am regretting. keeping in mind that I had borrowed this money from lenders, it has been a big blow to my reputation because what I borrowed is still outstanding and I am not able to repay back. Look for something else more important than cloud mining.

arwin100

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Quote from: el kaka22 on September 16, 2016, 05:45:50 AM

Quote from: zenitzz on September 16, 2016, 05:02:07 AM

Quote from: Zadicar on September 16, 2016, 12:04:09 AM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

If i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those ponzi schemes . Cloudmining are just scams in the long run and not profitable. Its better to run your own mining farm then for sure it would give you decent amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

What I am understanding from your statement is, cloud mining will not be profitable with the respect to investment amount and its returns for present days. But, after holding for some longer periods, the rewards from cloud mining may worth more to to get us profits.

How could you say so? Do you try to invest on those? I think not since you are not barking at them cloudmining these days bud are scam we cannot really get some profits with that and if you think you can earn with that in a long run well close that thinking its because it might gonna kill your budget, cloudmining is not trusted program upon investing so better be carefull on that thing, the reward you are saying is just an imagination, and you will ended to be scam victim if you do so

el kaka22

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Quote from: zenitzz on September 16, 2016, 05:02:07 AM

Quote from: Zadicar on September 16, 2016, 12:04:09 AM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

If i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those ponzi schemes . Cloudmining are just scams in the long run and not profitable. Its better to run your own mining farm then for sure it would give you decent amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

What I am understanding from your statement is, cloud mining will not be profitable with the respect to investment amount and its returns for present days. But, after holding for some longer periods, the rewards from cloud mining may worth more to to get us profits.

zenitzz

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Quote from: Zadicar on September 16, 2016, 12:04:09 AM

Quote from: btcguys910 on September 12, 2016, 10:07:03 AM

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

If i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those ponzi schemes . Cloudmining are just scams in the long run and not profitable. Its better to run your own mining farm then for sure it would give you decent amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

Topic: Is cloud mining worth it? (Read 2913 times)