Topic: Is there any genuine cloud mining with at least lower profit than investment? (Read 625 times)

Thanks guys for the help.

Don't want to see that in real but no one would want to get fake by cloud mining services because most of the could mining investment seems to ponzi schemes only. They won't do the payment properly. They do same btc doublers only. If you looking good investment, prefer always trading only. you need to look at the chart only always.

Yes, such as hashnest and genesis mining. Hash Ocean is the biggest reason why the people shouldn't go to the cloudmining site.
As far as I know until the free loan with zero interest from their users will have stopped in the future and they will always be running its service as a trusted service.
He was a complete newbie in my mind.

very dificult you can find cloud mining is real mining, because you never see hardware mining youre eyes in cloud mining service
if you want join in cloud mining you must ready if youre money lost, because majority only ponzi scheme

You can lose by investing in a casino's bankroll. If the casino is too small, the bankroll too big or other safety measures not taken.

With a big bankroll, small casino, no safety measures, lucky gambler betting high a few times the casino will go bankrupt. So -as in every other investment- do your homework before investing to be sure it's safe enough.

I would not recommend this way of bitcoin earnings because no legit mining and mostly they are scam. Nowadays they are not profitable anymore if using mining hardware due to low mined bitcoin and cost of electricity is very expensive not like the previous 10 years, its very profitable enough. Most likely happened is the ponzi scheme in people who was convinced by ghost promises of these scamers online sites.

All cloud mining websites are unprofitable and you will never get ROI.
Perhaps you'd have a chance with Eobot, ROI is 18 months but that will surely increase as difficulty increases.

You can't lose by investing in a casino's bankroll. The house will always win in the long run and you'll make profit.

Trading can be profitable, but you can loose also. In another thread of OP I already replied about that.

Casino bankrolls, I do not like gambling. And investing in casino bankrolls is in fact gambling that the gamblers will loose. Ofcourse this is a bit simplified, but you have to be careful there also.

Another option is lending. One of the safest ways to lend your money is on the exchanges like Bitfinex and Poloniex. You lend your money to other people who wants to margin trade. Ofcourse the profit isn't as high as you can get in real trading, but the risk of losing your money is much smaller.

Example: on Poloniex you can lend your money. You can see the current rates at https://poloniex.com/lending
The percentage mentioned is daily, so for example when the rate is 0.05% you will get this daily. When the trader isn't doing well, and he loose money, then his assets (other coins) will be used for a forced liquidation to pay you back. (You can only get a loan when you have enough collateral coins)
There are even bots available that automatically will loan your money for the current best rate, when it's paid back ( example: https://poloniexlendingbot.com ) . For example: you can choose lending for 0.05% for 2 days, with autorenew. The 2 days is maximum, so they can pay you back after 2 days or even after 2 minutes. With autorenew it will be a loan offer for 0.05% for 2 days again, but when you use a bot, it will be at the current rate. Is the current rate higher you will get more as with autorenew. Is the current rate lower then you will get a lower rate ofcourse, but otherwise you had to wait until the rates are going up again - and that could take quite some time.

So you've got the answer already from some of the people here in community about cloud mining.

Most of them are going to collapse any time even though there are some in the service that are being said as "trusted".

But no one really knows if they will do the same with those cloud mining sites before that are being said as the same site for being "trusted".

Why not try to get into other investments, like trading and casino bankrolls?

There are a few cloud mining companies which are legit (=they really mine). I know four of them, Genesis Mining, Hashflare, Hashnest, ViaBTC. There may be others, but 99.99999% are fake.

But because of the difficulty rising every other week the profit will go down. When bitcoin price rises (as it is rising now) then profit will be going a little up, but when bitcoin price drops again, the profit is even going down faster. That's because the fees for maintenance and electricity are calculated in fiat, so with lower prices bigger part of the mined coins will be used for that. And even when bitcoin price rises more people are attracted to mining, so difficulty will rise even faster.

Will you ever reach ROI with them? Maybe, probably not. I started with two of them with small amounts and that wasn't a success. I'm almost certain I will never get my initial deposit back. After that I bought some contracts from other disappointed people (for a much lower price), and these will give me some profit, but the original buyer had to take a big loss.

And even the legit companies mentioned, will they never go bankrupt or run with your money? They surely made some mistakes in the past (look into other posts about them).

It s a quite hard and demanding process to make money in cloudmining. It requires a lot of skill and reinvesting. I did have some success with Hashflare, they definitely mine SOMETHING but I cant say 100% they re legit and will not run away. Let me know if you need help with this one, always willing to help out new users.

There are companies still considered to be legit cloud mining service like Genesis but they are not worth the shot anymore.
You need to understand that miners need to share their profit with you, and that alone can't generate much.
If you purchase a contract  you will most likely need about year just to reach ROI.
Other factors like mining difficulty, price of crypto have huge impact too, it's too many variables, to even consider cloud mining a viable investment.

Unfortunately there isn't any legit cloud mining site out there. Just think if mining was so profitable why would they even sell it to others and not use it by themselves. In other words cloud mining = ponzi scheme and nothing else. Trust it's not worth risking your money.

HashNest knows there are people having losses there and say nothing... I don't know if it's genuine and legit. At least their service let us sell our Hash Power any moment, different from all other cloud mining sites. Unprofitable anyway, but you can recover part of your money invested anytime. From all cloud mining sites/services, HashNest is the most legit one because of it.

Isn't hashnest at least genuine and legit? I'm not saying profitable, but if you're really drawn towards cloud mining this would be your best choice.
Investing in cloud mining is a bad idea in general because the return period is extremely long and you can't access your hardware or money during that period.

How could you even consider investing on a business where your profit reduces over time by design? as difficulty increases you need to constantly add to your investment, now imagine doing all of that by trusting total strangers that they'll have your best interest at heart I mean for real? in a world where you get 1 extra buck then you got one extra buck and if people could get as many extra bucks they would have and actually are seeking any possible ways to get more money. in such a world you want to give your money so that they pay you %80 of your money back little by little?
You'd be way fine if you just buy coins and hold them to sell at higher prices.

Genuine : No any cloud mining can be considered as genuine/legit investment opportunity.
Cloud mining: They run just like ponzi schemes, most of them sell more mining power than they actually have.

Its better to invest in hardware mining if you have cheap electricity rather than investing and waiting for several years to get back what you have invested in cloud mining.

As of the moment, if you are looking for a legit cloud mining site, I must say that there is none. Almost all of the cloud mining site that you're seeing in the internet or in any form advertisement are all ponzi scheme that are trying to recruit people to join them. It is better to stay away from any cloud mining business and find other form of investment that actually provide you some profit in a legit way.

Does anyonw know any of the genuien cloud mining site?