Was there ever a profitable cloud mining site? - page 3.

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: jackg on September 19, 2016, 05:19:16 PM

Quote from: veleten on September 19, 2016, 05:16:53 PM

there was a site early 2013 that gave 1 gh test accounts for free (forgot its name)
I opened one for shit and giggles,in 2015 I logged in
and was surprised to see the site was alive
withdrew around 48$
so yeah,there was a profitable mining site for me

Not really sure that's a mining site? It sounds like you're describing a ponzi scheme.
A ponzi scheme is arguably one fo the best ways to win and lose Bitcoin (get in the right placce at the right time and you may et your money back, otherwise, it's gone)!.

no it was a legit mining UK company
think they closed by now but they were still in business in 2015
a rare ponzi would survive 2 years of operation without collapsing
if I find their name in my browser cache or history I'll post it here

Sharma

legendary

Activity: 1092

Merit: 1000

GATCOIN : The New Currency Of Digital Marketing

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

Common sense will tell you that most of the cloud mining operations will not give long term profit for its customers because Bitcoin mining is very competitive and the difficulty is always rising as there are more and more mining rigs added to mine the coins. We have also seen many cloud mining operations closing down and most of them did not even gain return on investment for customers.

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

I dont want to sound judgmental but I honestly believe that almost all cloud mining sites are ponzi or scams and it is just a matter of time before they disappear.Dont be misled if they pay you for it is their modus operandi to use you as a bait for other investors.Once they have lots of bitcoin,they will disappear without any trace

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: veleten on September 19, 2016, 05:16:53 PM

there was a site early 2013 that gave 1 gh test accounts for free (forgot its name)
I opened one for shit and giggles,in 2015 I logged in
and was surprised to see the site was alive
withdrew around 48$
so yeah,there was a profitable mining site for me

Not really sure that's a mining site? It sounds like you're describing a ponzi scheme.
A ponzi scheme is arguably one fo the best ways to win and lose Bitcoin (get in the right placce at the right time and you may et your money back, otherwise, it's gone)!.

veleten

legendary

Activity: 2016

Merit: 1107

there was a site early 2013 that gave 1 gh test accounts for free (forgot its name)
I opened one for shit and giggles,in 2015 I logged in
and was surprised to see the site was alive
withdrew around 48$
so yeah,there was a profitable mining site for me

kanazawa

hero member

Activity: 756

Merit: 500

Until ~june 2014 it was profitable to do cloud mining, specially for those who were living with high costs in electricity. It was a question of doin' some math to ser that was profitable. But 2015 was very bad for cloud because of the drop in BTC price. So, who invested in (most the 2nd semester) 2015 didn't take money. But answer the thead, there was a good time to do cloud mining indeed.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

People would have recieved more than their ROI on the antminer S7 on hashnes's cloud mining scheme.
The hosted mining from miningsweden would give around $10 profit per month (potentially).
I think BW are still profitable cloud miners along with other laes able to do hosted mining.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Only legit and worth investing site I know is Genesis-Mining. They truely have proper data-centers and are legit cloud mining team.
They have had coverage in media as well and are quite popular not like the scam ponzi who are run by people whom we never really in real life.
If I ever want to invest in cloud mining it would be genesis-mining.

BossMacko

hero member

Activity: 1134

Merit: 502

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

Common sense will tell you that most of the cloud mining operations will not give long term profit for its customers because Bitcoin mining is very competitive and the difficulty is always rising as there are more and more mining rigs added to mine the coins. We have also seen many cloud mining operations closing down and most of them did not even gain return on investment for customers.

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

You are lucky if you invest in a mining site and you got back your roi. Most of the time before people get their 100% ROI , Cloudmining site run or they just don't pay you and will give a lot of reasons with the delay. Some cloudmining will pay low investment and will wait for you to reinvest then they'll run. There's no safe nowadays.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: Wind_FURY on September 19, 2016, 12:10:23 AM

Quote from: snipie on September 18, 2016, 05:39:18 AM

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

Back to two years, i remember seeing people talking about cloudmining and how profitable it is, of course it doesn't mean making thousands of dollars Wink

I didn't have bitcoin that time nor the experience to search about how legitimate/profitable they are but the two that comes in my mind are : cex io (closed) and the bitmain's PACMIC +/- genesis mining
For now it is hard for me to believe that there is a profitable cloud mining after the halving and the increasing difficulty...

What do you mean by "it doesn't mean making thousand of dollars"? If I invest $20,000 in a cloudmining site like what you mentioned, Genesis mining, are you saying that I will not be able to make thousands to get my investment back and earn from my contracts?

To the people who have tried Genesis Mining. If I invest $20,000 in Bitcoin mining contracts, how much would I expect to receive and earn monthly?

It is all about the ROI, as i mentioned before it was easier but I never heard someone making a big earning from cloudmining sites
Theses days if you invest such amount, the site will turn offline immediately lol and scam everyone's money Wink

With such amount and a low price electricity i would say solo mining is more profitable (make your calculation before ofc)

Cast12

sr. member

Activity: 266

Merit: 251

I wouldn't know if there was a profitable cloud mining site because I don't cloud mine Wink

and I probably never will, at least for now Wink

. There may have been profitable cloud mining sites in the past but I'm not too sure on that. I normally put my bitcoins into Haobtc now since they are a very trusted "investment" site.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Wind_FURY on September 19, 2016, 12:10:23 AM

Quote from: snipie on September 18, 2016, 05:39:18 AM

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

Back to two years, i remember seeing people talking about cloudmining and how profitable it is, of course it doesn't mean making thousands of dollars Wink

I didn't have bitcoin that time nor the experience to search about how legitimate/profitable they are but the two that comes in my mind are : cex io (closed) and the bitmain's PACMIC +/- genesis mining
For now it is hard for me to believe that there is a profitable cloud mining after the halving and the increasing difficulty...

What do you mean by "it doesn't mean making thousand of dollars"? If I invest $20,000 in a cloudmining site like what you mentioned, Genesis mining, are you saying that I will not be able to make thousands to get my investment back and earn from my contracts?

To the people who have tried Genesis Mining. If I invest $20,000 in Bitcoin mining contracts, how much would I expect to receive and earn monthly?

As of people saying in some existinh threads they are stating that the roi is to low and not worthy for the long wait so its ideal for you to weigh some things up before looking for cloudmining investments, and i think its better for you to have your own mining farm rather than investing at those unsurely profitable site, so you better be wise since scamsite are everywhere, 20,000$ is huge investment.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

in my experience I don't know any profitable mining site that wasn't or isn't a ponzi
Hashocean was a good ponzi , so maybe it was profitable for many but at the moment there is no good site even ponzis

hopefully because people stopped joining these sites , but yeah other than ponzis I don't know any profitable site that operates or operated before

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

Quote from: Wind_FURY on September 19, 2016, 12:10:23 AM

Quote from: snipie on September 18, 2016, 05:39:18 AM

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

Back to two years, i remember seeing people talking about cloudmining and how profitable it is, of course it doesn't mean making thousands of dollars Wink

I didn't have bitcoin that time nor the experience to search about how legitimate/profitable they are but the two that comes in my mind are : cex io (closed) and the bitmain's PACMIC +/- genesis mining
For now it is hard for me to believe that there is a profitable cloud mining after the halving and the increasing difficulty...

What do you mean by "it doesn't mean making thousand of dollars"? If I invest $20,000 in a cloudmining site like what you mentioned, Genesis mining, are you saying that I will not be able to make thousands to get my investment back and earn from my contracts?

To the people who have tried Genesis Mining. If I invest $20,000 in Bitcoin mining contracts, how much would I expect to receive and earn monthly?

First of all don't ever do that mistake to invest 20.000 USD in genesis mining. The only people who will tell you that you will make money there are sockpuppet or shills looking to earn from their referral system.

This is how it works in Genesis Mining. Let's suppose you buy lifetime contract with your 20.000 gran . They start paying you out well in 2-3 or maybe even 5-6 months since your amount is a big one. Then all of a sudden they shut down your miner by telling you difficulty in bitcoin mining has increased so your miner are not anymore profitable that's why they have to turn it off.

This way you will never make back your investment with Genesis-Mining.

Know that there is not available for the moment any cloud mining that can make you profit, legit or not.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: snipie on September 18, 2016, 05:39:18 AM

Quote from: Wind_FURY on September 18, 2016, 05:21:01 AM

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

By posting your favorite cloud mining site here, we have to first assume that they are not profitable and have to be proven otherwise.

Back to two years, i remember seeing people talking about cloudmining and how profitable it is, of course it doesn't mean making thousands of dollars Wink

I didn't have bitcoin that time nor the experience to search about how legitimate/profitable they are but the two that comes in my mind are : cex io (closed) and the bitmain's PACMIC +/- genesis mining
For now it is hard for me to believe that there is a profitable cloud mining after the halving and the increasing difficulty...

What do you mean by "it doesn't mean making thousand of dollars"? If I invest $20,000 in a cloudmining site like what you mentioned, Genesis mining, are you saying that I will not be able to make thousands to get my investment back and earn from my contracts?

To the people who have tried Genesis Mining. If I invest $20,000 in Bitcoin mining contracts, how much would I expect to receive and earn monthly?

demonicsheikh

newbie

Activity: 57

Merit: 0

Scammers trying to gather goats for slaughtering.......That is all. If cloud mining was anything profitable then why wouldn't the admin mine for bitcoins himself........ Embarrassed

European Central Bank

legendary

Activity: 1288

Merit: 1087

no one can compete with the mining farms any more. if they could then why would they share their mining power with some random idiot on the internet for pennies?

if I was scammer on the other hand, that sure looks like a juicy piece of low hanging fruit to get money out of people.

rphk

full member

Activity: 210

Merit: 100

there are so many sites on cloud mining came and went , some were profitable ,but lot of cloud mining sites turned scam , in the beginning cloud mining sites give some profit and after few days they turn scam , some sites are running from long years but profit is very less.

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

In 2012-2014, cloud mining was very profitable (ROI only in few months) and many people was talking about it.
But, there's ponzi cloud mining called PBMining and many people fell for it (included me). Even there were some ponzi cloud mining, few people still managed to earn profit.

But now, cloud mining isn't profitable anymore whether it's legit or not,

jack1111

hero member

Activity: 924

Merit: 500

Unfortunately no real cloud mining at this time , I tried to invest in some sites which claimed that they are cloud mining sites , but they scammed me in the end , when I was newbie , I though they are legit sites .
Genesis mining might be good site , but I did not try it because they give small profits.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

There is a problem with defining if cloud mining service which was active in the past was fully legitimate or not.
Because I know some companies which paid their customers and fulfilled their mining contracts, but then went bankrupt or simply disappeared.
I have trouble deciding if that was because there were Ponzi or simply mining turned out to be not profitable in the long run.

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