I mining now, and can say about my experience with some cloud mining services.
Profitability of cloud contracts depends on many criteria.
Companies with legally registered status and the most proven services that provide services for cloud mining bitcoin and altcoins - IQ Mining, Wattum.io, Genesis mining.
And my negative experience was with the Hashing 24, problems with payments and terms.
Topic: What can you say about Cloud Mining? (Read 3963 times)
Yeah, I read that a lot months ago so I bought with excellent results
which have gotten even better.
which have gotten even better.
Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
If you want a steady income of $300-$400 per month, you will need to go and get a job. Mining Bitcoin is a business, not a Goose that lays Golden Eggs. It is wishful thinking to expect a scenario where you make a steady income without working. Perhaps you should look at creating services around Bitcoin instead. Cloudmining becomes unprofitable over time, early adopters may recover their contract costs but this will not be the case for most, consider that "if it was profitable to mine Bitcoin long term, they wouldn't be offering you the opportunity"
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).
Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.
It will all be corrected in the coming months. Perhaps 250 isn´t enough, it may take 200. The trick will be to not have lots of money stuck in coming bankruptcies.
$250 and below wouldn't just wipe out the miners, but a lot of regular users along with them. Don't forget that bitcoin has never gone below the previous ATH after reaching a new one, which may sound like an artificial boundary, but in fact is a stable sign of progress, and most of us are here because of this progress.
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).
Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.
It will all be corrected in the coming months. Perhaps 250 isn´t enough, it may take 200. The trick will be to not have lots of money stuck in coming bankruptcies.
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).
Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).
Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.
I wouldn't trust the news. This operation may be a scam, like that other German company Mining Asic Technologies. Speaking of Germany aren't Genesis Mining from there? There's going to be a cloud mining war
I tried it - wasted a lot of money and nerves. Never did work out for me. That's all. Be careful.
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).
Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D) continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
continue plummeting into 2015.
http://www.bitcoinbrothers.de/home
if you have knowledge of hardware and can manage then you should prefer hardware mining rather then cloud mining
its very hard to get ROI with cloud mining
owned hardware mining is better
There are some people who are in a situation that it does not make sense for people to own miners and have them in their house. Not everyone has a stable internet connection, or a stable source of electricity or a cost efficient way to keep their home cool in a cost efficient way after the miner increases the temperature in your home. its very hard to get ROI with cloud mining
owned hardware mining is better
I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly. 
I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too. I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.
I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too.
if you have knowledge of hardware and can manage then you should prefer hardware mining rather then cloud mining
its very hard to get ROI with cloud mining
owned hardware mining is better
its very hard to get ROI with cloud mining
owned hardware mining is better
I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.
I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too.
I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.
So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks. I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 
+1 I can confirm that the payouts are great
agree, there is always a risk but lucky for those already ROI.
+1 I also vouch for LTCgear I have received my ROI and although the FTC mining/payout option is not available right now because of the Algo changing it has not affected my earnings, I have selected to be paid in BTC each week and always look forward to Friday :-)
So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks. I don't know how he doing it but always getting paid in BTC, LTC, and FTC.
+1 I can confirm that the payouts are great
agree, there is always a risk but lucky for those already ROI.
So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks. I don't know how he doing it but always getting paid in BTC, LTC, and FTC.
+1 I can confirm that the payouts are great
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