Is cloud mining worth it? - page 2. | Bitcointalksearch.org

Zadicar

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Quote from: btcguys910 on September 12, 2016, 09:07:03 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.

CraigWrightBTC

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I think it is not worth due to difficult mining, but if you want get pasive income you can try on hashnest although it needs long time for return of investment hashnest good service for cloud mining.

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Quote from: btcguys910 on September 12, 2016, 09:07:03 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 the present timw both the cloud mining and hardware mining is not profitable . here every cloud mining site is only a ponzi scheme . they take money from many users and ran away before paying all the btc or money . still there are some long time running cloud mining site like genesis mining . but you should learn some lession from hashocean which was cloud mining site and ran away .

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Quote from: Zadicar on September 14, 2016, 12:45:49 AM

Quote from: ivanst776 on September 13, 2016, 12:50:47 PM

Quote from: Zadicar on September 13, 2016, 09:38:31 AM

Quote from: ivanst776 on September 13, 2016, 02:32:38 AM

Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.

But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining is not yet increased on the previous halving. Some sites claimed that they are running a mining farm which is not trully there and some may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.? Thats why i never turned to invest on those sites after on the hashocean incident.

Some sites not just pronounce that they are running a mining farm but also give a stream link which you can check their mining rigs mining.

Which i think that they can simply pay someone to share the view with others and for users to believe that they are really investing in a real company.

Yes i do saw those links previously. well they do actually run a mining farm which is somehow good and gives as confidence to invest but still i wont consider to invest on those things again. I dont have trust anymore on any cloudmining no matter how many miners do they have.

Actually, that is just their trick for making the people is appearing the perception if they're a good cloud mining and wil be a good way for investing in them and that is just for lure the people for wasting ther money in them and until a long time later the cloud mining will always have a scam predicate.

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Quote from: btcguys910 on September 12, 2016, 09:07:03 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

Zadicar

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Quote from: ivanst776 on September 13, 2016, 12:50:47 PM

Quote from: Zadicar on September 13, 2016, 09:38:31 AM

Quote from: ivanst776 on September 13, 2016, 02:32:38 AM

Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.

But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining is not yet increased on the previous halving. Some sites claimed that they are running a mining farm which is not trully there and some may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.? Thats why i never turned to invest on those sites after on the hashocean incident.

Some sites not just pronounce that they are running a mining farm but also give a stream link which you can check their mining rigs mining.

Which i think that they can simply pay someone to share the view with others and for users to believe that they are really investing in a real company.

Yes i do saw those links previously. well they do actually run a mining farm which is somehow good and gives as confidence to invest but still i wont consider to invest on those things again. I dont have trust anymore on any cloudmining no matter how many miners do they have.

StarofBTC

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Quote from: btcguys910 on September 12, 2016, 09:07:03 AM

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

99% of could mining sites are SCAM or PONZI. Is there any site legit? Yes, there is. The Genesis Mining is the biggest one. But doesn’t worth, because the ROI is ridiculous and you’ll lose money instead of earning with them. This is due to high competition for bitcoin mining and maintenance cost of mining farm.

Quote from: btcguys910 on September 12, 2016, 09:07:03 AM

Just trying to get my head around things.

No board on cloud mining, bro.

machinek20

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its wasting your time and you money, stay away from it, all the cloud mining will turn to scam eventually, so it's better put your money into legit investment, HYIP cloud mining and ponzi is not a good way to earn money, stay away from them and be smart

mishra1994

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Quote from: dothebeats on September 13, 2016, 11:17:33 AM

Honestly, joining a cloud mining program and sending them money is like giving alms to a scammer who is in dire need of money. Nowadays it's better and worth it to learn difficult things like trading and coding for bitcoins other than doing it the easy way. If it's still 2012-2013 then probably it is still profitable but right now? It's not. You also wouldn't learn anything since people behind the service would just say a couple of things about what they're doing but you aren't experiencing mining yourself. So to wrap it up, no. Cloud mining is totally not worth it.

Yes all cloudmining sites are scam nowdays and seen so many cloud mining sites being shut after taking investors money we all should learn the lesson now to avoid all of the cloudmining sites even which are paying still because they would surely shut down one day.

ivanst776

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Quote from: Zadicar on September 13, 2016, 09:38:31 AM

Quote from: ivanst776 on September 13, 2016, 02:32:38 AM

Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.

But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining is not yet increased on the previous halving. Some sites claimed that they are running a mining farm which is not trully there and some may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.? Thats why i never turned to invest on those sites after on the hashocean incident.

Some sites not just pronounce that they are running a mining farm but also give a stream link which you can check their mining rigs mining.

Which i think that they can simply pay someone to share the view with others and for users to believe that they are really investing in a real company.

dothebeats

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Honestly, joining a cloud mining program and sending them money is like giving alms to a scammer who is in dire need of money. Nowadays it's better and worth it to learn difficult things like trading and coding for bitcoins other than doing it the easy way. If it's still 2012-2013 then probably it is still profitable but right now? It's not. You also wouldn't learn anything since people behind the service would just say a couple of things about what they're doing but you aren't experiencing mining yourself. So to wrap it up, no. Cloud mining is totally not worth it.

buxlover

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Most, if not all, of these cloud mining sites are either scams or money losers

cloud mining site is a prime opportunity for a Ponzi scheme. Customers pay a bunch of money up front and don't expect a profit for several months, The rising difficulty means your hash power will earn less and less over time.

If you still want to consider cloud mining

Cloud mining contracts must be valued using the future difficulty, and not the current difficulty

Hazir

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Quote from: arwin100 on September 13, 2016, 09:29:18 AM

But thoae cloudmining one's are giving so much low roi and i think its not worth to wait since the profit are less and time would be worthless for this kind of investment and sometimes some of cloudmining sites these days are scam so people should really need to b aware for this fake scheme since many scammers joined and grab the oppurtunity and make a site named it as cloudmining, and also im kinda bit confused on cloudmining these days since those industry are on bit collapsing stage.

Calling cloud mining an "industry" is a little too much. Maybe in the past it was shaping into branch of bitcoin mining with few companies, but not anymore.
As some of them turned out to be lying as well.

The problem is how extremely easy is create cloud mining scam - you just need nice looking website and it's almost guaranteed that some fresh bitcoin enthusiast will fell for it.
Even if fake cloud mining will earn $100 from single scam is well worth it and it fuel chain creation of another fake services.

Just look at this:

Quote from: veleten on September 10, 2016, 12:13:42 PM

a list of latest ponzimining services for your busting pleasure:
find one legit and get a 90% discount on a 2 year 100 btc contract with hashocean or an upgraded account with MT-Gox

https://bit-lite.com
https://multi-coin.com
https://top-mining-online.com
https://mine-online.pw
https://upmcoins.com
https://hashpoke.com
https://iohash.com
http://squadbit.com
http://cripto-miner.com
https://onemine.cc
https://xmine.org
https://aromine.io
https://minerport.com
https://joltcorp.io
http://fastmine.co
https://multimine.net

Zadicar

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Quote from: ivanst776 on September 13, 2016, 02:32:38 AM

Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.
But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining is not yet increased on the previous halving. Some sites claimed that they are running a mining farm which is not trully there and some may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.? Thats why i never turned to invest on those sites after on the hashocean incident.

arwin100

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Quote from: Hazir on September 13, 2016, 08:34:33 AM

Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Find me a decent, 100% real cloud mining service. Then you can can calculate your profit and be clear about your investment.

Or do you ask about fake pyramid and ponzi schemes disguised as cloud mining? If you are a prophet and pull out your money before they stop paying, then maybe.
Because they are scam, and will stop paying sooner or later. if you want to invest try to get interested in bankroll casino investments or something.

But thoae cloudmining one's are giving so much low roi and i think its not worth to wait since the profit are less and time would be worthless for this kind of investment and sometimes some of cloudmining sites these days are scam so people should really need to b aware for this fake scheme since many scammers joined and grab the oppurtunity and make a site named it as cloudmining, and also im kinda bit confused on cloudmining these days since those industry are on bit collapsing stage.

Hazir

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Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

Find me a decent, 100% real cloud mining service. Then you can can calculate your profit and be clear about your investment.

Or do you ask about fake pyramid and ponzi schemes disguised as cloud mining? If you are a prophet and pull out your money before they stop paying, then maybe.
Because they are scam, and will stop paying sooner or later. if you want to invest try to get interested in bankroll casino investments or something.

TastyChillySauce00

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Quote from: btcguys910 on September 12, 2016, 10:08:52 AM

Quote from: TastyChillySauce00 on September 12, 2016, 09:52:47 AM

after halving,i don't think cloud mining is worth it anymore although you should be very aware when trying to invest on cloud mining since there's so many fake cloud mining that actually running ponzi scheme so if i were you i won't invest on cloud mining but prefer to buy a mining rig instead

Yes but mining rigs are so expensive nowadays and to be fair, isnt worth the investment if not in the long run?

mining rigs is indeed expensive but you can use it to mine coin whatever you want whether it's ethereum or monero it's up to you and it's really worth it for you especially if you got a cheap and quite stable electricity ,but to be honest,not worth if it's not for long run

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Quote from: btcguys910 on September 12, 2016, 09:07:03 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!

For fixed income purposes and let's say the company is really legit, no it's not worth your time.

Better find other ways to earn bitcoin. Put some work and effort to those worth to try method and forget that sit back and relax method as it may just result for you to become a lazy person.

Fatanut

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Cloud mining is definitely not worth it. Each and every coin that you've sent to any cloud mining site should be considered as a donation to them. Some people might have earned money out of cloud mining or HYIP sites, but that doesn't mean that cloud mining sites should have a good name. After numerous big cloud mining companies have used the "I got hacked" excuse, no HYIP site or whatnot can atone their negative name.

utkarshm

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Quote from: hakanbalta577 on September 13, 2016, 04:56:11 AM

No way cloud mining means loosing your harldy earned money and any experienced bitcoin used will not recommend you to invest in cloud mining,so please stay away from it.Specially after halving we have seen hashocean scammed and then topmine and cldmine,all gone taking users money so i advice never to invest in any of the cloud mining sites.

Yes all cloud mining sites are ponzy schemes,they lure users as they think it is the easy way of earning the money just invest and get return in some months,and they may pay for some time in start but surely they will run away with your bitcoins very soon,i also lost my coins in cloud mining sites in the past but i learnt my lesson.

Topic: Is cloud mining worth it? - page 2. (Read 2913 times)