Should I invest in cloud mining or just lend out loans to people to make a profi

picolo

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Quote from: gingpark on November 25, 2014, 01:52:07 AM

I believe it is too risky especially nowadays to invest into either of those. To me I think I will just be too stressed out after putting my BTC down as either can just run away with it.

And most of the people asking for loans doesn't seem to have anything close enough as collateral for the amount they will ask.

So I guess to me more of buy and hold when the prices are low as they are at the moment.

You can have high rates of return when you invest bitcoins but the risk is very high. Lenders or Bitcoin sites with a lot of traffic make a lot of money.

cassimares

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Cloud mining profitable isn't as bad as everyone think, especially now when hardware is cheaper then shipment charges. You can actually get a better deal buying cloud mining...

bajlox

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Profit can be make trading and some working here on forum. For your choices dunno hard to make.

Be wise.

azguard

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Quote from: kickbit on November 21, 2014, 06:27:04 AM

You will not get any profit with cloud mining. That's for sure

Only profit you will get is if you have tons of refs. But in both cases its hard call to make.

gingpark

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-All Investment Has its Risks and Rewards-

I believe it is too risky especially nowadays to invest into either of those. To me I think I will just be too stressed out after putting my BTC down as either can just run away with it.

And most of the people asking for loans doesn't seem to have anything close enough as collateral for the amount they will ask.

So I guess to me more of buy and hold when the prices are low as they are at the moment.

picolo

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Quote from: valvalis on November 24, 2014, 09:10:57 PM

I'm not say cloud mining is bad, 'cause I've got ROI. But, I think invest cloud mining in this time is bad choice. Except in the near future bitcoin price immediately rose.

If you make money because of a rise in the BTC price but you get less BTC that you could have bought up, you didn't made ROI in BTC

Argwai96

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Thug for life!

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

If you invest in cloud mining contracts that are being sold at a significantly lower price then the competition then it is probably too good to be true. It is not realistic to expect a company to sell mining contracts at as low of prices that LTCgear is selling at.

valvalis

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I'm not say cloud mining is bad, 'cause I've got ROI. But, I think invest cloud mining in this time is bad choice. Except in the near future bitcoin price immediately rose.

notlist3d

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Quote from: picolo on November 24, 2014, 07:55:15 PM

Quote from: notlist3d on November 24, 2014, 07:21:11 PM

Quote from: sumantso on November 23, 2014, 10:12:32 AM

Quote from: picolo on November 22, 2014, 05:53:23 PM

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.

I would do one that you know has a big data center. I personally have trouble investing in a company that shows no proof they are not a ponzi scheme.

I prefer hardware myself, but agree some cloud mining companies are looking a lot better then they once did.

If you didn't meet the owners you have to trust them to invest, not blindly trust, you can be careful and invest only a fraction of your bitcoins and keep asking for information and proofs that the hardware actually exists

One thing to keep in mine is if you read something great about any site, look for referral. If there is a hidden referral chances are it is not a fair and even write up.

picolo

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Quote from: notlist3d on November 24, 2014, 07:21:11 PM

Quote from: sumantso on November 23, 2014, 10:12:32 AM

Quote from: picolo on November 22, 2014, 05:53:23 PM

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.

I would do one that you know has a big data center. I personally have trouble investing in a company that shows no proof they are not a ponzi scheme.

I prefer hardware myself, but agree some cloud mining companies are looking a lot better then they once did.

If you didn't meet the owners you have to trust them to invest, not blindly trust, you can be careful and invest only a fraction of your bitcoins and keep asking for information and proofs that the hardware actually exists

notlist3d

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Quote from: sumantso on November 23, 2014, 10:12:32 AM

Quote from: picolo on November 22, 2014, 05:53:23 PM

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.

I would do one that you know has a big data center. I personally have trouble investing in a company that shows no proof they are not a ponzi scheme.

I prefer hardware myself, but agree some cloud mining companies are looking a lot better then they once did.

picolo

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Quote from: WaffleMaster on November 23, 2014, 07:41:12 PM

I'm beginning to realize that a lot of companies, no matter how seemingly good and legit, are actually just taking you for another wild ride. Don't do anything with Bitcoin unless you're buying coins and putting them into your wallet for expected value on speculation. Just my advice.

You have decent companies, I would say most Bitcoin companies that are more than a year and a half are decent.

coindesk, primedice ect.

some entities that are not companies are decent too : bitcointalk Wink

WaffleMaster

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I'm beginning to realize that a lot of companies, no matter how seemingly good and legit, are actually just taking you for another wild ride. Don't do anything with Bitcoin unless you're buying coins and putting them into your wallet for expected value on speculation. Just my advice.

picolo

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Quote from: sumantso on November 23, 2014, 10:12:32 AM

Quote from: picolo on November 22, 2014, 05:53:23 PM

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.

Cex.io

Quote from: Seketsuna on November 23, 2014, 09:06:20 AM

Don't lend because i've seen many got burned loaning people who has no collateral.

You should invest only after having a clear business plan and having met in persons those who are going to mine

sumantso

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Quote from: picolo on November 22, 2014, 05:53:23 PM

Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.

Seketsuna

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Don't lend because i've seen many got burned loaning people who has no collateral.

picolo

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Quote from: sumantso on November 22, 2014, 11:18:51 AM

If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

sumantso

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If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

raskul

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the only 'cloud mining' that is reliable is p2p mining rentals (this is not an endorsement for my sig)
here's what i suggest - don't spend those BTC, just hold onto them, and wait.

notlist3d

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I would do neither myself. Loans are just too risky.

And I prefer hardware over "cloud" mining. If you go cloud mining go with trusted one.

SpanishSoldier

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Quote from: Mrbutter on November 20, 2014, 04:15:28 PM

Do I need to have a lot of bitcoins to profit in cloud mining? I only have a couple of bitcoins at the moment and I was looking into earning more bitcoins. Should I invest in cloud mining or just lend out loans to people to make a profit?

I might get cheated in both. Its just about where the chance to get cheated is less. Here cloud mining gets my vote

picolo

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Quote from: Mrbutter on November 20, 2014, 04:15:28 PM

Do I need to have a lot of bitcoins to profit in cloud mining? I only have a couple of bitcoins at the moment and I was looking into earning more bitcoins. Should I invest in cloud mining or just lend out loans to people to make a profit?

I would advise to keep most your bitcoins and wait for the price to increase; if you invest some of your bitcoins make the calculation and only send money to trusted websites/members

notlist3d

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I think eventually we will see some "cloud" turn out to be ponzi. Some of the big names I think are safe. But some day we will see a ponzi.

kickbit

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You will not get any profit with cloud mining. That's for sure

twister

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I would not suggest either, so many so called cloud mining companies have already ran away with people's funds and as far as lending is concerned, it is again very risky since the majority of borrowers won't have collateral and you shouldn't give away your money without 110% collateral. I would suggest you just keep your bitcoin safe and hodl on to them and wait for the price to reach sky-high.

Mrbutter

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Do I need to have a lot of bitcoins to profit in cloud mining? I only have a couple of bitcoins at the moment and I was looking into earning more bitcoins. Should I invest in cloud mining or just lend out loans to people to make a profit?

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