Topic: Mining dificult can make cloud mining unprofitable? (Read 862 times)
They will reduce your income but if there the price rise, may be your money will return a little bit longer than the time specified when the deal occurred.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Yes, you may need double or even triple the mentioned time periods to reach the ROI. But if you are ready to consider your returns in fiat equivalent for profit/loss calculations you may get yourself into profits zone in less than 8 months itself too.Difficulty is nothing but some representations of how much completion is happening right now with bitcoin mining. When more people will be joining in the race of bitcoin mining, you will be getting lesser share, hence obviously you will be needing more time to recover your investments and then profits.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Pretty bad you trusted them since for your information cloudmining is not profitable right now and actually you can seek some info via using google so why the heck you put some money on their without seeking some info on what you are on. So better you should try to move on since i can say that your expectation well surely not meet in that cloudmining sites. And if you are not contented for the words who's been posted outhere well go seek for yourself so that you can figure out how rigged they are.
Well I think you better pray harder that you can get your ROI, the mining difficulty could affect your income in cloud mining and you also need to worried that the cloud mining can survived or not, it is not recommended to put your money in cloud mining, but because you already put your money there is nothing you can do, just watch and pray and you need to be ready to let your money gone
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Yes, the difficulty has something to do with your return of investment. Aside from that, the new hashes that were being bought by the new users will also cut the percentage from what you are earning. So, it is not only the difficulty but the percentage of your hash to the total hash power of hashflare.io affect your income. This is the reason why cloudmining is tagged as nonprofitable venture and more likely tagged as scam/Ponzi by lots of member of this forum.
Well the good news is you need not worry about difficulty, Bitcoin price or anything like that. The bad news is you have been scammed by a ponzi. Every cloud mining "business" is a scam.
There are still some user that not aware that cloudmining is just a scam. The money that they paying monthly are coming from new investor or from original deposit. Because if I have my own farm. Then should sell my share on profit while I can mine alone since I have my own miner.
Cloud mining cannot be profitable nowadays with the actual bitcoin difficulty or the bitcoin price. What they want is to steal as many coins as possible during a period of time , usually 6 months to 1 year until people spread the word and other people join. Once they have reached their intended amount to steal they will close down business and you will not hear anymore from them. Some may come online after a few months under a new name. Know that mining with actual S9 Antminer is really difficult so keep in mind every cloud mining website is a scam.
Why are you talking about most (99.99%) of the "cloud mining" sites which are in reality HYIP / Ponzi?
Hashflare is a real cloud mining site. They are really mining. You can visit them to see for yourself. People who started with them 2 years ago still receive income.
I would say around 90% of cloud mining that exist right now are scam and run on hyip model. Hashflare and genesismining are the one that is trusted by many till now and they claim to run real mining rigs. But we can never know how much power they have in reality and how much virtual mining power they are selling. Hashflare is a real cloud mining site. They are really mining. You can visit them to see for yourself. People who started with them 2 years ago still receive income.
If they keep on selling virtual mining power that never exist than they might also not have any other choice than shuting down their service or running away scamming millions.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
The reality behind the any cloudmining site is that they have no direct contact between mining by hardware and with the cloud mining site Investment .Because the most of the cloudmining sites offers the Investment for your money and they return in long time then think about this they will give you Profit atleast for the 8 months and after this they will run more and more because after your Investment they are getting many times of the Investment daily .
So here just Invest money by other and realeased by them accordingly hash power , so there is nothing like mining .
While they can change the hash power according to the Investment at the site .
Why are you talking about most (99.99%) of the "cloud mining" sites which are in reality HYIP / Ponzi?
Hashflare is a real cloud mining site. They are really mining. You can visit them to see for yourself. People who started with them 2 years ago still receive income.
It takes a (very!) long time to reach ROI, but it is possible. I shall not recommend people to invest in cloudmining, because you can easily make better profit, but Hashflare is legit and not HYIP/Ponzi.
Ofcourse they can run with your money. So can bittrex / kraken / Poloniex or whatever exchange you use.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
The reality behind the any cloudmining site is that they have no direct contact between mining by hardware and with the cloud mining site Investment .Because the most of the cloudmining sites offers the Investment for your money and they return in long time then think about this they will give you Profit atleast for the 8 months and after this they will run more and more because after your Investment they are getting many times of the Investment daily .
So here just Invest money by other and realeased by them accordingly hash power , so there is nothing like mining .
While they can change the hash power according to the Investment at the site .
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Ok let's say the cloudmining was genuine and 100% real, to answer your question yes it will affect your estimated return of investment while mining difficulty increases. That's why there's no fixed term whether when you will get a good profit out from your investment like the usual ponzi stating at their plan set and tiers.
Frankly speaking, you won't get that much for 8 months and ROI will extend more. Now if ever your investments got double within 2 to 3 years, do you think the profit you made is worth to wait?
Thats why its better if we just avoid those kind of site since im sure that it cannot help us interms of profit earnings and much better or shall we say the best if we just spend some time learning about tradings since we this site is the best for me interms of money earnings and aside from it i don't see any reliable site that can offer me the most reliable ways to gains some profits. Cloudmining owners are just pushing themselves to survive thats why they need investors to sustain their dying business.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Basic knowledge is the one you need to impose so that you will not be caught by those scammers who are hiding on whatsocalled cloudmining. And those cloudmining site who offering such to good to be true profits surely they are 100% scam. And in hashflare do you think it will be worth for you if you'd wait for 8 months to get your capital back or profits? well i think no for me and theirs another profitable programs out there where we can earn more money unlike investing at your inquiry.
You should remember this whenever the difficulty rise the more harder we can get some profits on legit cloudmining services.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
Ok let's say the cloudmining was genuine and 100% real, to answer your question yes it will affect your estimated return of investment while mining difficulty increases. That's why there's no fixed term whether when you will get a good profit out from your investment like the usual ponzi stating at their plan set and tiers.
Frankly speaking, you won't get that much for 8 months and ROI will extend more. Now if ever your investments got double within 2 to 3 years, do you think the profit you made is worth to wait?
Yes time to get back what you have invested in cloud mining will change according to mining difficulty if you have bought contracts from legit cloud mining services who are mining in behalf of you with real hardware. So mining is not profitable these days, if you have cheap electricity than its better to purchase mining hardware and set your own mining rig rather than trusting any cloud mining services.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
I know that you're a newbie in this thread or maybe a newbie also regarding BTC but you should do some research first before investing your hard-earned BTC to a website like that. Just so you know, cloud mining in any form/website is not profitable at all. This is just a ponzi scheme that will not pay you after a couple of days, weeks or months. Set your expectations now that you will not get any BTC back and don't do business again in any cloud mining services.
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
From the first instance, I never believe that cloud mining could be profitable but good for you, you joined one of the few ones that are still legit even though it might actually take forever for you to get your return on investment. At the same time, there is nothing you can do about the difficulty all you have to do is wait and continue hoping that the site is still available at the time when you eventually qualified to get your returns.
Why do you people decide to invest into Bitcoin cloud mining without reading even bare basics of crypto economy. What kind of question is that? You have never heard about mining difficulty?
What do you think why all of us arent billionaires by now?
Crypto mining is a very difficulty, money and time intensive business. If it would be that easy, if it only would be that easy....
What do you think why all of us arent billionaires by now?
Crypto mining is a very difficulty, money and time intensive business. If it would be that easy, if it only would be that easy....
Don't talk about bitcoin cloud mining, only altcoins cloud mining is somehow profitable given their recent rise and considerably low mining difficulty comparing to bitcoin.
I'm mining DASH and yet after 2 months just because of the price increase I am half ROIed, and I'm sure if they could pay me every week instead of every day I could then save a lot of fees paid daily, I assume if I had a $5000 contract with GM then fees wouldn't been an issue.
Moreover, I did try with a somewhat large contract with another account but guess what happened? after a few months past without reaching ROI the payouts started to shrink to a point of receiving dust, so that's why everyone say cloud mining is not profitable because they will always put their own interest first.
Hash ocean idiots are in full regret mode now since they packed and ran when price hit $750
I'm mining DASH and yet after 2 months just because of the price increase I am half ROIed, and I'm sure if they could pay me every week instead of every day I could then save a lot of fees paid daily, I assume if I had a $5000 contract with GM then fees wouldn't been an issue.
Moreover, I did try with a somewhat large contract with another account but guess what happened? after a few months past without reaching ROI the payouts started to shrink to a point of receiving dust, so that's why everyone say cloud mining is not profitable because they will always put their own interest first.
Hash ocean idiots are in full regret mode now since they packed and ran when price hit $750
Cloud mining is unprofitable anyway, with difficulty increasing or not. There are many advices here to don't invest in such sites as you won't hit ROI, never. You aren't able to recover the same amount of coins you invested. The only way to recover your money is if you sell your mining power fast and for a good price, and I think it's better to do it fast, as if you wait too much your mining power will lose price...
Hi, I made an investment on Hashflare.io that i would get return in 8 months, but the dificult per block of bitcoin will increase in the middle of the year, my investment wil take the double time for return?
In contrast to most other people who replied here: Hashflare.io is a real cloudmining company in Estonia. You can even visit them to see for yourself, so this is NOT a ponzi.
But, as you already have seen and heard, it will be difficult to reach ROI with them (or any other legit cloudmining company) because difficulty will rise, and will rise faster then bitcoin price. If you're patient, you have a chance reaching ROI, but it will take quite a long time - and when bitcoin price drops, the contract will be ended sooner (it is lifetime, but only when profitable).
I regularly buy small contracts from disappointed buyers, there are more people doing this, that may be a solution for you. Only the selling price will be much lower then you bought, so if it is a new contract, it probably isn't worth it for you.
BTW I've read several times about people reaching ROI with Hashflare so the phrase "you never reach ROI" isn't always applicable for Hashflare owners.
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