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.
Topic: Is Investing in Cloud Mining Still Profitable ?? - page 2. (Read 3369 times)
Indeed due to the halving its also not so profitable and more and trading is now the best thing you can pick.
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.
Cloud Mining is really not good investment even though they have good back ground but my concerns they are paying some % from your investment, even it will take lot of time to get your returns. It's better for you if you know bitcoin trading go with it because you will make daily profit from it and also you will make more money of what you are getting in cloud mining and more over your money will be in your control.
You're right Boy. Bitcoin trading seems like a more better option. I used to be a good fan of Cloud mining... I was glad I can do a bit of mining because It ain't possible in my country. I got on it and My experience was not pleasurable at all. I don't trust these guys running cloud mining anymore.
Not so much after halving. I think lending coins would be more profitable.
I do not think that its still worth investing in cloud mining, its not profitable anymore and its also risky with all the scammers around.
I agree a lot of ponzis have been in cloud mining and due to that I also do not trust it anymore, I think its logical that we should not invest in such things anymore.
Weren't cloud mining companies going to turn scam later?
I use to have some account to these companies back 2014 to which they sell pretty cheap, after i year i still didn't earn back the initial amount invested to it.
I think some of these cloud mining companies pay hundreds of $ for a good review.
I use to have some account to these companies back 2014 to which they sell pretty cheap, after i year i still didn't earn back the initial amount invested to it.
I think some of these cloud mining companies pay hundreds of $ for a good review.
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.
Cloud Mining is really not good investment even though they have good back ground but my concerns they are paying some % from your investment, even it will take lot of time to get your returns. It's better for you if you know bitcoin trading go with it because you will make daily profit from it and also you will make more money of what you are getting in cloud mining and more over your money will be in your control.
I do not think that its still worth investing in cloud mining, its not profitable anymore and its also risky with all the scammers around.
I'd go for hashnest if I wanted to waste my money on cloud mining and not genesis, they are just good at altcoin mining while the coins are cheap with low net hash rate because when a coin rises both in price and hash rate suddenly your income reduces by half, at least hashnest is operated by mining machines manufacturers and recently they've opened S9 cloud mining contracts after a few months running them for themselves 
.
Just don't be blinded by greed like many of us before trusting hash ocean scums.
No matter how many cloud mining scam sites we have seen go down, people still don't understand that this is an industry that should be avoided..Just don't be blinded by greed like many of us before trusting hash ocean scums.
Even when certain cloud mining sites are seen as legit services, they can still change their fee structure at any time in their own benefit.
If people are so crazy about mining, then let them build their own altcoin related "farm" where they are actually mining instead of being fooled by all kinds of sites.
It may not gain you much where you even may end up losing money in the way of electricity costs, but at least you're not getting scammed.
I'd go for hashnest if I wanted to waste my money on cloud mining and not genesis, they are just good at altcoin mining while the coins are cheap with low net hash rate because when a coin rises both in price and hash rate suddenly your income reduces by half, at least hashnest is operated by mining machines manufacturers and recently they've opened S9 cloud mining contracts after a few months running them for themselves .
Just don't be blinded by greed like many of us before trusting hash ocean scums.
.Just don't be blinded by greed like many of us before trusting hash ocean scums.
I think its not profitable anymore and also not really something that is good anymore, a lot of these websites are just scammers that want your money.
if 2 years before just only break-even, thats worst, as 2years ago the bitcoin price is low. They recently expand farm so u need to considered that
your profit will be shorten as they use for expand.
I got seen comment in fb that ppl complaint about their years contract no profit then contract expired.
So they removed the contract period to lifetime contract, but i not so confidence v them.
Yeah that's the idea.
THe fact is that you can't break even with only 1 year, they just pay too low for that! Even with nice promotion and whatever you want. But the problem with their lifetime contract is that you have to understand it's not so different from a 1 year contract. Not because they'll scam you after 1 year but just because after 1 year of constant difficulty increase your mining power will produce nothing... Or said better, your mining contract minus the fee taken by genesis will grant you nothing. Like litteraly, after the year my contract granted me a few thousands of satoshi everyday...
Quote
As first i know cloud mining, GM is the most advertised, but i realized that even seems the most legit one also got ppl complaint about the service.
So i invest another company indeed ><
For ROI only, cloud mining not the best then got more risk due to time.
If like that, the profit cant be detailed in GM, lesser than they promise.
So i invest another company indeed ><
For ROI only, cloud mining not the best then got more risk due to time.
If like that, the profit cant be detailed in GM, lesser than they promise.
And the worst is that YOU take all the risks while THEY take all the benefits.
You litterally give them 500$ so they can buy a miner and return you only whatever they feel like. Without any contractual obligation...
I think its been 2 weeks ago about this question start but i think cloud mining isn't profitable these days.also if you notice the price right now was crash after news release by chinese and i think many people are already experience of scam there that is why they are not trusting any cloud mining site anymore.. better to don't try cloud mining much better to start a business than investing in any cloud mining site..
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.our p
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.our p
No one can't answer your question.
Because answering your question would mean to accept it. And fact is that your question is wrong. Cloud mining has never been profitable.
Your profit will be easy: go to mining site calculation, imagine you get only half of it at best. That's all.
I bought a contract of genesis 2 years ago. It is indeed liftime, no scam from here.
But in 2 years you'll barely break even... If btc doesn't go down too much...
Cloud mining is a useless scam in itself!
your profit will be shorten as they use for expand.
I got seen comment in fb that ppl complaint about their years contract no profit then contract expired.
So they removed the contract period to lifetime contract, but i not so confidence v them.
As first i know cloud mining, GM is the most advertised, but i realized that even seems the most legit one also got ppl complaint about the service.
So i invest another company indeed ><
For ROI only, cloud mining not the best then got more risk due to time.
If like that, the profit cant be detailed in GM, lesser than they promise.
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.
No one can't answer your question.
Because answering your question would mean to accept it. And fact is that your question is wrong. Cloud mining has never been profitable.
Your profit will be easy: go to mining site calculation, imagine you get only half of it at best. That's all.
I bought a contract of genesis 2 years ago. It is indeed liftime, no scam from here.
But in 2 years you'll barely break even... If btc doesn't go down too much...
Cloud mining is a useless scam in itself!
To me personally, I will not take my time to find out whether its still profitable or not I have made up my mind not to invest anything in cloud mining in the sense that the ones that will pay, you will take forever to ROI, other that are springing up always have one thing in common which is to Scam... My opinion though...
Many cloud mining sites and companies' are scam sites and you will do yourself a lot of good by avoid cloud mining and leaned how to mining you own coins. Another way to make money from crypto currencies is by trading. Trading required a lot of knowledge and skills, most people that succeeds in trading, don't trade based on emotions and greed but based on calculated and skillfully analysis of the market.
It can still be profitable without any doubts but its also that you than should do it on another coin!
Most of cloud mining sites are turns to be scam in the long run so I dont think it is still profitable. The hard thing in cloud mining is you never know when the site closes so you have no choice but accept that you loss your money
Hi! This topic is very relevant! I was hoping that the acquisition of machines for production and prices of Cloud mining, the machine is more expensive to use the Cloud profitable! But you must choose.
This cloud mining of cryptocurrencies. Data centers in three different countries. When you buy a little more expensive than competitors, but the speed of a recoupment of the above!
The newly opened center date and now gives the gift of power to the test.
get free power click on this text
Live Stats
Total users: 6952
Total payout: 1.370 BTC
Used power: 2.528 GH/s
Datacenter power: 95.000 GH/s
Online time: 20 days
Site generated in 0.02445 Sec
This cloud mining of cryptocurrencies. Data centers in three different countries. When you buy a little more expensive than competitors, but the speed of a recoupment of the above!
The newly opened center date and now gives the gift of power to the test.
get free power click on this text
Live Stats
Total users: 6952
Total payout: 1.370 BTC
Used power: 2.528 GH/s
Datacenter power: 95.000 GH/s
Online time: 20 days
Site generated in 0.02445 Sec
Scrypt Hashflare does not allow you what to mine. At least that was not the case a few months ago when I was using them.
Be sure that invest into cloud mining has huge risks, and may let you loose your bitcoins instead of multiply them, some people are and were able to get an amazing roi with those, but they took the risk. Considering you wanna take the risks why dont you try hasnet, bitmain cloud, or hashflare, that allows you to mine script and there is an auction to sell those mhs script, and i do believe you can choose the coin you wanna to mine.
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