Was there ever a profitable cloud mining site? - page 4.

ultrloa

legendary

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Quote from: densuj on September 18, 2016, 05:39:33 AM

If there are profitable cloud mining site, usualy they runs ponzi scheme and it is profitable in the begining. They are many examples (ltcgear,cointellect, scrypt cc and the last gone Hash Ocean). All of them disappear with costumers money, in my opinion for today there are not profitable cloud mining service.

I don't see either any reliable cloudmining services right now thats why i am avoiding those one so i will not become a scam victim since i already learned more lesson from the past, so thats why people should need to learn their lesson to since cloudmining business is not profitable as of now, mostly those running nowadays are scam and only exist just to satisfy their greed for money.

densuj

legendary

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If there are profitable cloud mining site, usualy they runs ponzi scheme and it is profitable in the begining. They are many examples (ltcgear,cointellect, scrypt cc and the last gone Hash Ocean). All of them disappear with costumers money, in my opinion for today there are not profitable cloud mining service.

snipie

legendary

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#SWGT CERTIK Audited

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...

gentlemand

legendary

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Welt Am Draht

By their very nature, they have to start off appearing to be profitable to draw suckers in. Like any Ponzi if you get in early and get out you may well end up making some profit. I can think of other things I'd rather be risking my money on.

Wind_FURY

legendary

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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.

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