How many of you thought that cloud mining Bitcoin was the easiest way to avoid spending money on asic miners? I was one of those people and the experience was half good and half bad.
I started my Bitcoin mining through cloud mining using Genesis Mining and Eobot, this went on for months and got my payment like their mining calculators revealed, this brainwashed me, thinking why the heck do people spend money on Asic miners when they can do this, I called them fools, not knowing I was the fool.
I will like to show some prove of the hash powers I bought
And around this, I had a dream, to make 0.16BTC in 4 months, here is the prove
It wasn't up to 2 months that the cloud mining payout goes incredibly lower and I had no choice than to quit, I withdraw some funds successful and later the cloud mining stop working, one closed down and the other (EOBOT) took a bit longer to close down as well.
I created this thread to share my painful past ecoerimece with cloud mining, because today, some beginners are still thinking they can get away with Bitcoin mining using cloud mining service. No legal cloud mining service can run anything right now because they are not profitable to run.
If you see any new cloud mining it's a scam, there is no way they can make profit for you and themselves anymore, the few that are legit between 2015 to 2017 are no more functioning. The days where Bitcoin mining was cheaper is unfortunately no more.
No Asic miners, No Bitcoin mining.