Is investing in mining still worth it?

h0lybyte

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Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

In fact, investing in cloud mining contracts was never profitable. According to my experience, they mostly have no mining hardware in background and even if you find some legit miners, it is still not good to buy these contracts as nobody have profits from cloud minings so far, instead of cloud minings, buy your own hardware and start minng altcoin at home

reda

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If need to start the mining. First invest your money. Mining is good investment. But you will know the mining process. Mining is network process. So it careful to use. Check the mining ruining process. It important for the mining. It connect the form. Network is helpful to connect. Before start the mining check the ram. Ram is important for the cared. check the ram. ram is important for the mining process. Mining is need power and cooling place.

michellee

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Quote from: JeffBrad12 on December 26, 2016, 08:45:25 PM

Quote from: ubitcoin on December 26, 2016, 04:24:18 PM

Quote from: coinplus on December 25, 2016, 04:40:47 PM

I strongly believe cloud mining industry is going to flourish again by considering the recent price surges of bitcoin. Still we need to choose legit and our responsibility again decides our profits.

I do not think so because along with bitcoin price levels, the mining difficulty also keep on increasing so there will not be any significant possibility of making profits out of bitcoin mining. I guess this tug of war will continue at whatever height that bitcoin prices may reach.

The only solution would be : mine and save bitcoins. In future, you will get your ROI along with bitcoin price appreciation.

But if you have a cheap electricity or living in your apartment and gain some free electricity and try to buy r4 and just run it on your apartment and you will stay in there with over $50 a day. You need more calculation for make a conclusion the bitcoin are not profitable for doing mine.

yes, but not all place have cheap electricity and we should calculate it first to know how much the electricity fee in our home. and I think if investing in mining still worth it to try because I am sure that there is a coin that still in low difficulty so we can mine that coin and wait until the price increase higher. but I think the difficulty is how we can choose the right coin that will bring us a big profit and I still thinking that mining bitcoin still worth it if we have a big hashrate to mining.

quality.crypto

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Quote from: el kaka22 on December 24, 2016, 09:41:26 AM

Quote from: Mikkiun on December 24, 2016, 03:54:19 AM

Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

Instead of buying mining machines why not be just buy bitcoins in this rally toward $1000 price levels, for some quick assured profits. I guess the cloud mining days are gone and to mine alt coins we need to consider many factors. So, instead of investing in mining, I like to stick within investing in bitcoins itself.

Really it is going to be game-changing because what is the use of investing in the cloud mining, getting some % of returns on your investment. It is better to invest in Bitcoin because already we have seen Bitcoin price is kept increasing in the market, better to invest in Bitcoin instead of cloud mining.

killat

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Of course mining can be profitable, if you're a mining rig manufacturer and you build the mining equipment and then use the new hashing power to mine to new difficulties before selling the rigs to miners overseas. This has been going on for many years, ever since ASICS and such went into use. Sometimes the manufacturers even delay your purchases after you order them, I presume, just to mine more bitcoins before they send you something you likely won't make your ROI on.

New coins I could see being profitable, but that's a gamble of course, as there's new coins all the time and most suck.

winspiral

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Quote from: Phillyfranco on December 25, 2016, 05:23:25 PM

Not at all since the difficulty level is way too high for the average joe thereby its profitable only if you run a huge running farm with low electricity costs.

This does absolutly not matter with my cloudmining system because I have no miner working.
My U2cloudmining is virtual and virtuality do not need electricity (lol)
How much is virtually mined daily?
21000 satoshi or so.
these 21000 satoshi are not virtual...they are real.
For my members it does not matter how the satoshi are created...miner or not miner is not the question (lol)
The question is real daily 21000 satoshi for free.

JeffBrad12

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Quote from: ubitcoin on December 26, 2016, 04:24:18 PM

Quote from: coinplus on December 25, 2016, 04:40:47 PM

I strongly believe cloud mining industry is going to flourish again by considering the recent price surges of bitcoin. Still we need to choose legit and our responsibility again decides our profits.

I do not think so because along with bitcoin price levels, the mining difficulty also keep on increasing so there will not be any significant possibility of making profits out of bitcoin mining. I guess this tug of war will continue at whatever height that bitcoin prices may reach.

The only solution would be : mine and save bitcoins. In future, you will get your ROI along with bitcoin price appreciation.

But if you have a cheap electricity or living in your apartment and gain some free electricity and try to buy r4 and just run it on your apartment and you will stay in there with over $50 a day. You need more calculation for make a conclusion the bitcoin are not profitable for doing mine.

ubitcoin

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Quote from: coinplus on December 25, 2016, 04:40:47 PM

I strongly believe cloud mining industry is going to flourish again by considering the recent price surges of bitcoin. Still we need to choose legit and our responsibility again decides our profits.

I do not think so because along with bitcoin price levels, the mining difficulty also keep on increasing so there will not be any significant possibility of making profits out of bitcoin mining. I guess this tug of war will continue at whatever height that bitcoin prices may reach.

The only solution would be : mine and save bitcoins. In future, you will get your ROI along with bitcoin price appreciation.

Phillyfranco

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Not at all since the difficulty level is way too high for the average joe thereby its profitable only if you run a huge running farm with low electricity costs.

d@nte

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Quote from: mkmdoc on December 21, 2016, 07:24:04 AM

Yes you can make good money but you have to wait some time in order to make good money, For that you need to spend more money on equipment, electricity, fees etc. Once you are fine with all these then you will make some money in long run, but you need to do complete calculation before buying any equipment.

With all these variables in the game, it's easy to realize that it's not a business for amateurs. At first people were mining easily because there was not much competition, but today it is a very specialized business. I think for the average user, it would be worth with solar power, but still the initial cost would be very high.

coinplus

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Quote from: Ewinsane on December 25, 2016, 03:49:53 PM

Anything that takes your money and gives you less than what you expected is considered a scam.
They can make it look all nice and pretty but in the end it is still a scam job when they pull the wool over your eyes.

Your definition of scam seems new to me, still a deviation from the promises could be considered as scam yet some proper explanations may delay that conclusion.

I strongly believe cloud mining industry is going to flourish again by considering the recent price surges of bitcoin. Still we need to choose legit and our responsibility again decides our profits.

Ewinsane

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Quote from: shield132 on July 30, 2016, 07:45:13 AM

Why everyone is saying that all cloud mining websites are scams? This man says that he wants to invest in hashnest, which is legal cloud mining and it's Bitmain's own company. So don't anyone knows that Bitmain is making AntMiners? Will you say that antminers are scam things? Cheesy

Or at least Bitmain is scam? No, they are legit and most trusted and investing in hashnest is 100% safe because they are legit and their team is leading in bitcoin mining.

Anything that takes your money and gives you less than what you expected is considered a scam.
They can make it look all nice and pretty but in the end it is still a scam job when they pull the wool over your eyes.

lumeire

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Quote from: mastica on December 24, 2016, 12:34:05 PM

From what i had readed into the hasnest page, if the miners they run does not give profit you can claim the equipment paying the fee, as long you have hash enought to claim a s7 or s9, soo if something goes wrong you will be able to get those equipment, soo in the end you can mine for 5 months and if for some reason you arent able to proof with your miner, you can get it and sell it cheap and roi with that. Sure cloud arent the best way to invest, but some had tryed lucky and till today they havent regret.

Yeah they'll give you the units, but you'll pay for the taxes and shipping, and mind you, this ain't cheap.

mastica

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From what i had readed into the hasnest page, if the miners they run does not give profit you can claim the equipment paying the fee, as long you have hash enought to claim a s7 or s9, soo if something goes wrong you will be able to get those equipment, soo in the end you can mine for 5 months and if for some reason you arent able to proof with your miner, you can get it and sell it cheap and roi with that. Sure cloud arent the best way to invest, but some had tryed lucky and till today they havent regret.

winspiral

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I have invested in an U2 antminer...
and suddently it was not profitable...
I mined as well with my computer...and suddently it was not worth...
All goes so fast.

VanDeinsberg12

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Quote from: el kaka22 on December 24, 2016, 09:41:26 AM

Quote from: Mikkiun on December 24, 2016, 03:54:19 AM

Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

Instead of buying mining machines why not be just buy bitcoins in this rally toward $1000 price levels, for some quick assured profits.

Nope, because if you have a subvention about your electricity and it can give you some dollar every day, and just sit on your little toy. Everything needs calculation and analyse before. It can't be getting the easiest agreement.

el kaka22

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Quote from: Mikkiun on December 24, 2016, 03:54:19 AM

Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

Instead of buying mining machines why not be just buy bitcoins in this rally toward $1000 price levels, for some quick assured profits. I guess the cloud mining days are gone and to mine alt coins we need to consider many factors. So, instead of investing in mining, I like to stick within investing in bitcoins itself.

dawnpot

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Bitcoin mining is still profitable but the global hashrate is floating around its all-time high.The biggest factors determining profitability are equipment costs, the price paid for electricity and the value of the bitcoin you mine. Technically, it is profitable to mine. But you have to leave the bitcoins you mine in bitcoin, rather than convert them to dollars, because only an increase in the price of bitcoin will ever allow me to recoup your initial capital outlay. So just take it as an educational hobby, not a business.

Mikkiun

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Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

CraigWrightBTC

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Quote from: DebitMe on December 23, 2016, 02:25:25 PM

Quote from: lumeire on December 23, 2016, 01:59:48 PM

Quote from: CraigWrightBTC on December 23, 2016, 11:01:08 AM

Quote from: Mirardowyn on December 22, 2016, 07:14:06 PM

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.

The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.

Yup unfortunately the OP want make investing in cloud mining on hashnest, i don't know if buy hardware miners for him, it is worth or not and i don't know for right now investing on cloud mining is worth or not especially on hashnest.
Because in my experience made investment on hashnest was not worth.

Topic: Is investing in mining still worth it? (Read 12733 times)