Is investing in mining still worth it? - page 8.

senyorito123

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Quote from: martinacar on October 16, 2016, 04:29:05 PM

Quote from: Zadicar on October 15, 2016, 09:29:29 AM

Quote from: ethereumhunter on October 15, 2016, 04:31:34 AM

Quote from: Script3d on October 15, 2016, 03:04:08 AM

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining altcoin would somehow a good idea if you intend to keep those coins for long time and also there are alts which is somehow profitable on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

Altcoins have been a very hard game to earn money while mining it. There is ETH and Monero which gives you a decent ROI or the new coins which are quite hard to mine because you never know if they become a succes. I would therefore rather trade then mine.

That's why mining for now is not a good idea for us to invest on since the roi and difficulty much getting to be worse and we cannot actually get some huge profits for it and that is one of the reason why we can point out that cloudmining is not profitable idea to put on our investment, so better erase in our heads that still theirs miracle of earnings on that scheme.

martinacar

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Quote from: Zadicar on October 15, 2016, 09:29:29 AM

Quote from: ethereumhunter on October 15, 2016, 04:31:34 AM

Quote from: Script3d on October 15, 2016, 03:04:08 AM

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining altcoin would somehow a good idea if you intend to keep those coins for long time and also there are alts which is somehow profitable on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

Altcoins have been a very hard game to earn money while mining it. There is ETH and Monero which gives you a decent ROI or the new coins which are quite hard to mine because you never know if they become a succes. I would therefore rather trade then mine.

Zadicar

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Quote from: ethereumhunter on October 15, 2016, 04:31:34 AM

Quote from: Script3d on October 15, 2016, 03:04:08 AM

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining altcoin would somehow a good idea if you intend to keep those coins for long time and also there are alts which is somehow profitable on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

ultrloa

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Quote from: ethereumhunter on October 15, 2016, 04:31:34 AM

Quote from: Script3d on October 15, 2016, 03:04:08 AM

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Do you think it will be more profitable to those solo miner? Well if yes then they should do it, but its very difficult to set up and start up for doing that since it can cost up a lot and might we cannot earn profit with hardwares since mining difficulty is so hard these days, but the idea to have hardware is great since i think it can save the money of the people to be scam on cloudminings and also seeking for experts advice would provably help for building up some rigs.

ethereumhunter

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Quote from: Script3d on October 15, 2016, 03:04:08 AM

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Script3d

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if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig and if your electricity is cheap you should earn alot

JeffBrad12

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Quote from: arseaboy on October 13, 2016, 01:01:53 PM

Yeah I heard from the other that mining is not worth it.. should invest on other way like trading just like what most investors do.

I did it till this time and I never think if that is not worth in, this time, dude. please, you can try mining before making any statement about the mining. show me your proof about that. and i wanna for believe you.

Supercrypt

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Quote from: JeanMcCoy on October 14, 2016, 03:52:43 PM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

I also think its okay but if we are indeed talking about cloud mining its the baddest thing you can do honestly because investing in mining is okay but cloud mining is just one scam party

Setting up a mining unit or farm is not feasible to all of us, a very big capital amount must be needed for achieving this. That is the reason people are simply going for cloud mining and most of them are struggling with that. Investing in mining still worth if we work in group like many people are forming a big team and will be working on setting up a mining farm definitely will bring us good profits.

JeanMcCoy

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Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

I also think its okay but if we are indeed talking about cloud mining its the baddest thing you can do honestly because investing in mining is okay but cloud mining is just one scam party

senyorito123

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Quote from: LarryHocks on October 13, 2016, 04:31:44 PM

Quote from: chixka000 on October 13, 2016, 01:21:03 PM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

I think it was greed that invented the cloud mining and made it worse. The initial idea was good, prefunding the miners, but then people saw so much money coming in and they started with schemes to steal from investors. Very sad and we can now saycloud mining is officially dead.

Its long time dead since the blocks are getting harder and harder to get for the past years and this succedding days, and i really believe that those site who runs a cloudmining service is totally ponzi and no real hardware attached as proof, so thats why i didn't look for any investment sites for now since mostly all of them are scam, they only intend to victimize those newbies siNBCe they are prone to be a victim for their evil plan.

LarryHocks

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Quote from: chixka000 on October 13, 2016, 01:21:03 PM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

I think it was greed that invented the cloud mining and made it worse. The initial idea was good, prefunding the miners, but then people saw so much money coming in and they started with schemes to steal from investors. Very sad and we can now saycloud mining is officially dead.

chixka000

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Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

arseaboy

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Yeah I heard from the other that mining is not worth it.. should invest on other way like trading just like what most investors do.

Oilacris

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Quote from: senyorito123 on October 12, 2016, 07:53:40 AM

Quote from: Oilacris on October 12, 2016, 06:52:01 AM

Quote from: BitHodler on October 12, 2016, 06:33:13 AM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.

I agree with you, no matter how hard we advice or say to other people that cloudmining sites are just total scam they are just keeping on investing to those scam sites and we cant do anything about it since its their decision but they would definitely blame theirselves at the end and keep regretting because there greediness lead to this kind of mistakes. They should listen to those experienced user because we do already know the results of these schemes.

The investor of cloudmining sites will not vanish since their some newbies whos been fooled by junkies to invest at those sites, and im sure if theirs no referral hungry people no newbies will be scam by cloudmining site, and we must remember this importantly all cloudmining is scam and theirs no good profits that we can get since they intend to scam not to give us profit.

Those referral hungry people are also the main problem here on bitcoin world regarding on hyip and ponzi sites and these people are not newbies they are actually veterans which they make advantage to other people especially to newbies to let them convince to join a particular cloudmining site which they couldable to earn money with that without risking any money came from their profits which is a really wise thing that they do.

senyorito123

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#SWGT PRE-SALE IS LIVE

Quote from: Oilacris on October 12, 2016, 06:52:01 AM

Quote from: BitHodler on October 12, 2016, 06:33:13 AM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.

I agree with you, no matter how hard we advice or say to other people that cloudmining sites are just total scam they are just keeping on investing to those scam sites and we cant do anything about it since its their decision but they would definitely blame theirselves at the end and keep regretting because there greediness lead to this kind of mistakes. They should listen to those experienced user because we do already know the results of these schemes.

The investor of cloudmining sites will not vanish since their some newbies whos been fooled by junkies to invest at those sites, and im sure if theirs no referral hungry people no newbies will be scam by cloudmining site, and we must remember this importantly all cloudmining is scam and theirs no good profits that we can get since they intend to scam not to give us profit.

Oilacris

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Quote from: BitHodler on October 12, 2016, 06:33:13 AM

Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.

I agree with you, no matter how hard we advice or say to other people that cloudmining sites are just total scam they are just keeping on investing to those scam sites and we cant do anything about it since its their decision but they would definitely blame theirselves at the end and keep regretting because there greediness lead to this kind of mistakes. They should listen to those experienced user because we do already know the results of these schemes.

BitHodler

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Quote from: Hellacopter on October 11, 2016, 12:41:11 PM

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.

EnacDomains

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heck yeah it is.. u buy it and mine it

Hellacopter

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Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

JeffBrad12

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Quote from: Oilacris on October 07, 2016, 06:02:15 AM

Quote from: JeffBrad12 on October 06, 2016, 09:24:05 PM

Quote from: elDano on October 06, 2016, 01:37:37 PM

Quote from: BitHodler on October 06, 2016, 05:37:46 AM

Quote from: Zadicar on October 05, 2016, 11:49:45 PM

Hashnest is a cloud mining which i suppose its not ideal to invest these kind of sites or cloudminings , achieving roi would be so long. Its better to invest on your own mining farm itself if you have the money to invest but be sure you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin mining would not be profitable if you are just mining for few miners only and especially when you are using old aged miners and you have expensive electricity then you would not be profitable at all but if you have the right amount to invest and you have cheap electricity then it would be profitable to mine . Others said mining bitcoin is not profitable anymore as of today they are somehow wrong and right, the main thing here is depending on many factors.

Let me one is correct, profitable or not.... may the best answer it's depending on your condition... I can't just a blame if bitcoin mining is always nonprofitable or another like that, need a more researching about it and I wanna know more about this...

Topic: Is investing in mining still worth it? - page 8. (Read 12805 times)