Is cloud mining worth it? - page 4. | Bitcointalksearch.org

Cast12

sr. member

Activity: 266

Merit: 251

The only cloud mining that I would recommend is Hashflare. I'd recommend Haobtc but they act more like a bank then a cloud mining website since they don't sell contracts. I wouldn't bother with any other cloudmining websites unless they prove that they mine, and are owned by a trusted member of the community. Here's a cloudmining risk assessment thread: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387.

poptok1

hero member

Activity: 1638

Merit: 756

Bobby Fischer was right

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!

Hi, If I where you I wouldn't bother with cloud mining. This is one of the most broken things there is in the bitcoin world. You can be a part of massive ponzi, grand theft etc.
To much risk and why aggravate yourself for some uncertain profit?
Just like aubert said, you will do better if you save some cash for a real miner, dont buy used equipment, go with the most advanced unit on the market and you may (MAY) get your profit from it. Check and double check your electricity prises and how the electric company reacts when massive energy consumption takes place.

btcguys910

newbie

Activity: 56

Merit: 0

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?

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform