Yes, and some contracts are very profitable, up to over 200% profit.
Some of mining services (as Hashflare) are scam, so you should invest wisely and you can earn some money if you invest at the time right time witt the right plan. If you are a beginner then I will recommend using Wattum.io (contracts without Maintenance fee) or Genesis. It's legal, reliable and secure cloud mining services with daily payments and
Topic: Is Investing in Cloud Mining Still Profitable ?? (Read 3383 times)
I know that this thread is long but for readers here in the service section I still give advice to beginners and newbie who intend to invest in cloud mining. I just can not say good about investing in cloud mining sites because scammers are spreading over the internet make sure you first compliment the site details and who's behind on it and always look at the feed back to prevent scammer's site.
Nice advice bro. Id also like to add that cloud mining sites are mainly paid and not free , if ever you see a free cloud mining sites like bitminer.io then that is defenitely a scam and cannot give you anything in return. Beware because these sites do have lots of clone and similliraties to other cloud mining sites but all of them can still be identified easily via their domain name . Scam sites usually ends in .io and not in .com
Overall if ever you find a legit cloud mining sites. Be sure to always track your progress and always withdraw your earnings immediately if ever you already reach the withdrawal thereshold in order to be safe from possible issues later on.
I know that this thread is long but for readers here in the service section I still give advice to beginners and newbie who intend to invest in cloud mining. I just can not say good about investing in cloud mining sites because scammers are spreading over the internet make sure you first compliment the site details and who's behind on it and always look at the feed back to prevent scammer's site.
Brotherly advice "STAY AWAY FROM CLOUD MINING" even then if you cant comprehend then please go ahead and make some losses.
I don't think so, since cloud mining is not safe and it is very risky to all scammers their. If you want to invest then there are many ways to have more profit and it is safe then rather to invest in cloud mining. But it depends to the user on their own if they want to invest cloud mining or not.
https://cex.io/ still exist until now it means that they still survive and able to paid investor.
If investor keep come it means that cex.io still profitable so the conclusion must be depend on what cloud mining site do you want to invest
Yes exactly, cloud mining is not recommended to use since it is not profitable. At first cloud mining is decreed but as years went by, the money of the users who invested them is irrecoverable since they already cheat or scammed the users who invested, they are easy to disappear like a bubble together with your money. It is very risky in investing in cloud mining, so i dont recommend to inevest in CM.
I don't think so, since cloud mining is not safe and it is very risky to all scammers their. If you want to invest then there are many ways to have more profit and it is safe then rather to invest in cloud mining. But it depends to the user on their own if they want to invest cloud mining or not.
https://cex.io/ still exist until now it means that they still survive and able to paid investor.
If investor keep come it means that cex.io still profitable so the conclusion must be depend on what cloud mining site do you want to invest
I don't think so, since cloud mining is not safe and it is very risky to all scammers their. If you want to invest then there are many ways to have more profit and it is safe then rather to invest in cloud mining. But it depends to the user on their own if they want to invest cloud mining or not.
https://cex.io/ still exist until now it means that they still survive and able to paid investor.
If investor keep come it means that cex.io still profitable so the conclusion must be depend on what cloud mining site do you want to invest
I don't think so, since cloud mining is not safe and it is very risky to all scammers their. If you want to invest then there are many ways to have more profit and it is safe then rather to invest in cloud mining. But it depends to the user on their own if they want to invest cloud mining or not.
Not so much after halving. I think lending coins would be more profitable.
Indeed due to the halving its also not so profitable and more and trading is now the best thing you can pick.
Yes halving will be at every four years but cloud mining is not the best suggestion for investing, because it will take years and years to get your ROI. Even i have invested in cloud mining without but people shutdown it very fastly without any single penny to me.
Not so much after halving. I think lending coins would be more profitable.
Indeed due to the halving its also not so profitable and more and trading is now the best thing you can pick.
Yes halving will be at every four years but cloud mining is not the best suggestion for investing, because it will take years and years to get your ROI. Even i have invested in cloud mining without but people shutdown it very fastly without any single penny to me.
Aside that most cloud mining sites are just total scams.Cloud mining isnt profitable at all in longer times since mining difficulty is increasing every 8 days which means if ever you put money on genesis or hashnest/hashflare then expect profits will sure decrease in the long run.
You're right this is the main reason why I'm.not investing anymore in cloud mining sites because the ROI will take more time and high risk also especially if the sites are fresh and no reputable reviews. 
Aside that most cloud mining sites are just total scams.Cloud mining isnt profitable at all in longer times since mining difficulty is increasing every 8 days which means if ever you put money on genesis or hashnest/hashflare then expect profits will sure decrease in the long run.
To answer the question in your title, NO. Stay away from any BTC cloud mining site. They are operating like a ponzi scheme. They need your money to pay off their existing customers. It is a known fact that BTC mining are a slightly losing or break even venture. Maybe only a small portion of the whole BTC mining industry is make a little profit.
This is right, meaning once the upcoming investors has being stop and the existing investors will become a ponzi scheme victim. Most of the time Cloud mining is stealing the money of the investors. So please, stop investing in Ponzi scheme. 
https://alloscomp.com/bitcoin/calculator
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
Hi
somebody tried this service?
/cryptofly.net/en
I want to invest...
but I'm new. I'm afraid to make a mistake
help me please
scam, move on, if you're not a paid shill of course.
https://alloscomp.com/bitcoin/calculator
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
Hi
somebody tried this service?
https://cryptofly.net/en
I want to invest...
but I'm new. I'm afraid to make a mistake
help me please
Once we receive the money from you, you cannot get them back.
Isn't it suspicious that they are saying this in the first sentence?
We, the admins, reserve the right to change the rules any time without announcing.
In other words we can say, from now on withdrawal requests will take a month to process and you won't even know until it happens!
CryptoFly is a system of mining with real cloud processing power.
A "system of mining" Their choice of words is amazing.
Tightly-welded and professional team makes it possible to operate such a system of the cloud of mining smoothly and uniterruptedly.
They should hire better translators.
Also, the data center pictures show something that looks like a server room, not a mining farm.
Hello everyone,
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
My strategy is based on speculation, cloud mining and 5 years investment projection:
1. Buy when you think the price of bitcoin is going to rise
You bought 2 BTC, with 1 BTC = $700
2. When the price is high you can ether sell it or buy hashing power
For 1BTC=$1050 you can buy with 2BTC the 15 THS in genesis
For me 1 THS in genesis gives me around 0.00034 BTC per day so 15 THS gives 0.0051 BTC per day
3. The difficulty is unpredictable and it happens each 13 days approximately
In 13 days 15 THS generates you 0.0663 BTC
If 1 BTC=$1050 so 0.0663 BTC=$69.615 you can buy 0.4641THS that generates 0.0001578 BTC per day
Your hashing power rose from 0.0051 to 0.0052578 or 3%
It means that if the difficulty is 5% you lost 2% of your mining power in the end of the day
Investing 2 BTC gives you 0.153 BTC each 30 days
If you count 5% difficulty each 15 days your ROI goes to 46.2 months=3years+10months+6days (IF YOU SELL BTC AT $700 AND YOU DON'T REINVEST IT)
https://bitcoinwisdom.com/bitcoin/difficulty
( IF you reinvest everyday with BTC in the same price you can beat this symbolic 5% mining difficulty rise )
4. Accumulate your BTCs generated and multiply it speculating, selling, buying and reinvesting in hashpower
Now tell me, how much is gonna cost 1BTC in 5 years?
If you're thinking about sending money to them read this post:
https://bitcointalksearch.org/topic/m.17671076
This shows what will happen if you invest, and it won't matter if it's 1BTC, 10BTC or 100BTC. The result will be the same, you will loan them money and they will give you back in the period of a couple years to infinity and you will never profit.
https://alloscomp.com/bitcoin/calculator
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
http://www.bitcoinx.com/profit/
I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.
Hi
somebody tried this service?
https://cryptofly.net/en
I want to invest...
but I'm new. I'm afraid to make a mistake
help me please
Hello everyone,
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
My strategy is based on speculation, cloud mining and 5 years investment projection:
1. Buy when you think the price of bitcoin is going to rise
You bought 2 BTC, with 1 BTC = $700
2. When the price is high you can ether sell it or buy hashing power
For 1BTC=$1050 you can buy with 2BTC the 15 THS in genesis
For me 1 THS in genesis gives me around 0.00034 BTC per day so 15 THS gives 0.0051 BTC per day
3. The difficulty is unpredictable and it happens each 13 days approximately
In 13 days 15 THS generates you 0.0663 BTC
If 1 BTC=$1050 so 0.0663 BTC=$69.615 you can buy 0.4641THS that generates 0.0001578 BTC per day
Your hashing power rose from 0.0051 to 0.0052578 or 3%
It means that if the difficulty is 5% you lost 2% of your mining power in the end of the day
Investing 2 BTC gives you 0.153 BTC each 30 days
If you count 5% difficulty each 15 days your ROI goes to 46.2 months=3years+10months+6days (IF YOU SELL BTC AT $700 AND YOU DON'T REINVEST IT)
https://bitcoinwisdom.com/bitcoin/difficulty
( IF you reinvest everyday with BTC in the same price you can beat this symbolic 5% mining difficulty rise )
4. Accumulate your BTCs generated and multiply it speculating, selling, buying and reinvesting in hashpower
Now tell me, how much is gonna cost 1BTC in 5 years?
Hello everyone,
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?
Regards,
Bitcoin Boy.
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cloud mining was never profitable... only for the scammers running it
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