What do you expect from cloud mining?

brobbel

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Quote from: mk4 on October 19, 2017, 10:12:21 AM

What do I expect from cloud mining? I expect to not make profit.

Look around bitcointalk about topics about Genesis Mining or cloud mining in general. It's either:

a ponzi scheme
a straight-up scam
or it's far far from being profitable

It's simply just one of those three, 99.9% of the time.

To add:
99,9% is a ponzi scheme or a straight-up scam
and even when it is legit, it isn't only far from profitable, but they also don't handle in the interest of their customers.

jerowacik

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

You will not get any hope when you try to invest with cloud mining. there is a lot of cloud mining that ends with a scam. you will only lose a lot of money from investing you do in cloud mining. I suggest never try luck with cloud mining because whatever you do then the results will be in vain. cloud mining only leverages investors' money and they usually run away when the targets are set and they will not refund the full amount of money you invest. This is a bet and in fact you should avoid risky things like this.

samlaode

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I don't expect from cloudming. Most of the people gets a big big loss. They losses much more than they make profit. They never can recover their invested money.

ethereumhunter

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

the top things that it comes to mining in the cloud of course to make profit as much as we can without paying electricity fee but the reality, we can not make profit in short time. we need to waiting a long time before we can reach our ROI. this is happen to me when in two years ago i am deposit my bitcoin into genesis mining, hashnest, and else. i am dream that i can have my own mining but after i read more about the fact and i see that there is many of cloud mining become scam, i realize that its better we build our own mining rig than using cloud mining. fortunately, my decision can give my first ROI and now i only make profit although now i am not making much because of difficulty of the coins is increase but no problem for me.

Ctn

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

You look like a new player in the industry of cloud mining. The story is not satisfactory as cloud mining does not work in reality so you don’t really get anything. Yes that’s true because cloud mining is just virtually represented as real mining but the thing is worse when you see their calculator for profits. The contracts, the period of contracts and gash rates everything sucks. No body ever has got profits from it for more than a year. Sometimes people will not even get the ROI. So things are messy which you should know before you can get into it.

TimeTeller

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A lot has been said already and I agree, better not invest your money in cloud mining services.
But if you are curious how much you will earn for this service, you can try but just a piece of advice, only the money that you can afford to lose.
Just do your research here also and all your questions in your mind has been answered so many times already.

Yuhee

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Quote from: carlisle1 on October 23, 2017, 12:12:49 AM

Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Well, convince yourself that a cloud mining is not a reliable source of bitcoin, there nothing you need to consider with that as these kind of program aren't really going to last, a good and trusted cloud mining service which will give you passive income doesn't really exist . It is already expected since before that all of them will eventually turn into a scam after getting their target amount of funds raised from user's deposits .

And if you dont have the proper equipment, they will just mine you and you will lose more electricity without you being aware of it. It maybe of free service but its just to take advantage of people who wants free bitcoin. Some may say that not all cloud mining are scams but over the years they just are just taking mined coins for their own.

carlisle1

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Well, convince yourself that a cloud mining is not a reliable source of bitcoin, there nothing you need to consider with that as these kind of program aren't really going to last, a good and trusted cloud mining service which will give you passive income doesn't really exist . It is already expected since before that all of them will eventually turn into a scam after getting their target amount of funds raised from user's deposits .

grendel25

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I expect better communication than what I see now. It seems like the "lifetime" plans are the way to go but the good plans are "sold out" Huh

They can at least tell us a time frame for when they expect the service to be offered again on the website instead of just saying "sold out". Sure you can find out by contacting them but why should I have to do that? Just save everyone a lot of time and put the info up there.

okala

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I am not into mining but I think for you to mining now according to my study, you most joined cloud mining? If 99.9% are scam then how did people mining bitcoin and this micro mining can they stand alone without join mining companies. I believe coindesk is one of the authorities in blockchain news and information and you can even learn everything about blockchain technology on their site, this is what they said about mining pools https://www.coindesk.com/bitcoin-miners-ditch-ghash-io-pool-51-attack/

hasmukh_rawal

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I expect all the cloud mining websites to be a scam as most of them want us to invest in their schemes. They are basically just programs which keeps running on the server without actually mining any currency. Only a few websites like Genesis are better to try it. Others are just a waste of time and investing in them will be like giving away your money for free.

madwica

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For now i could say that 90% are scam and 10% are legit, lots of cloud mining are only good at first to get more investor and if they hit their target amount they will run without saying nothing and do not return your investment capital. But there are leging mining site which you can invest it was your own risk because i do not want to get involve in that kind of method again, i know the feeling when you got scammed its hard to recover.

mrcash02

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I would expect profit from cloud mining as any other investment, but after checking several sites, other's opinions and my own experience I can say it's just an illusion. Cloud mining maybe was created with good intentions, but on the practice it doesn't work as the mining difficult is constantly increasing with large competition. Also, there are many scammers on this business.

Indrawan77

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Nothing, I dont expect anything from cloud mining because it is a scammed, I dont care it is brand new or old and how people brag about how much they earned, I still considered it as scammed, I was scammed so many times by cloud mining and I realize that cloudmining is not a legit way to earn and I hope nobody will ever fall into the same hole

Slow death

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

How does cloud mining work?

answering your question: I will answer using my own experience, last year I invested in a cloud minig (true cloud mining) and I kept calculating every day and even then I did not understand how it was possible that my daily earnings were constantly lowering and what the more I was annoyed was that next to my daily earnings was estimated earnings that said that with my investment I could be earning more per day. months passed and it was a waste of time and money, so I gave up my money.

The problem of cloud mining is not the difficulty of mining, is the greed of the owners of the cloud mining company

lesson: Never invest in cloud mining sites!

blockman

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

I don't consider cloud mining anymore and I'm not interested with it. After the devastation that happened with hash ocean and this makes me don't trust them anymore. It is something that many are avoiding because it's not profitable anymore. Some are operating for years but the same thing can possibly happen just like the old cloud mining that I mentioned.

Quote from: Hamphser on October 20, 2017, 05:43:32 PM

It would be much a wise idea on holding your bitcoins

Yes much better to hold your bitcoins instead of investing to cloud mining or you can trade it with alt coins.

Yuuto

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Think of cloud mining as a sort of MLM scheme like Amway, and i'm talking about the legit companies here like Genesis Mining that actually have a product to sell. The buyer of the contract will rarely make a profit, who actually benefits is always the referrer and the company itself.

Stay away from them. Tons of scammers in this field. You can never be too careful.

Hamphser

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Quote from: Fire Rabbit on October 20, 2017, 02:40:58 PM

Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Why you want to go for cloud mining? Its really waste of money. It will take you more than a year to reach ROI in fiat. So whats the purpose of investing in cloud mining if you wont get any profit? Its better to buy the coin with that money and keep it in your wallet. Trust me in long run you will get more profit, if you just buy a coin and keep it in your wallet, than investing in cloud mining.

It would be much a wise idea on holding your bitcoins instead on your wallet than on investing on these cloud mining sites.Cloud mining isnt really profitable at all specially the difficulty spike up which we can expect profits would really be mainly affected.There are really lots of cloud mining scams which they would really scam their investors money which you would really end up crying.

tabas

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Cloud mining isn't profitable now even you'll invest to those well known and besides there's no more profit in cloud mining as others who are just popping out are scams. Don't mind if many are discouraging you to stop investing to cloud mining because you can be a victim of those suckers who are lazy developers and just want to ask people donating their money to their false promises about fake percentage.

Fire Rabbit

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Quote from: hash.rent on October 19, 2017, 06:57:54 AM

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Why you want to go for cloud mining? Its really waste of money. It will take you more than a year to reach ROI in fiat. So whats the purpose of investing in cloud mining if you wont get any profit? Its better to buy the coin with that money and keep it in your wallet. Trust me in long run you will get more profit, if you just buy a coin and keep it in your wallet, than investing in cloud mining.

Topic: What do you expect from cloud mining? (Read 679 times)