What do you expect from cloud mining? - page 2.

TheCoinFinder

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Quote from: hash.rent on October 19, 2017, 07:57:54 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?

Profit from cloud minings are beyond my expectations. While talking about cloud mining, it seem to me an outdated terminology.
You will be ashamed eventually if not taken care of your precious time and money.
Bitcoin itself has changed a lot for world traders, it is better to invest in bitcoin than to lure for such contracts.

TheQuin

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Quote from: mk4 on October 19, 2017, 11:12:21 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.

^^ Is the correct answer. Cloud mining has never made any sense even going back to the days of CEX.IO when at least they were trying to make a profit for their customers. The problem is that mining will always only be marginally profitable at best because of the economics. If it is more profitable, more people start mining and the difficulty goes up which makes it less profitable. When you add to that a company running the cloud mining service has costs and overheads to cover and then will take a profit out of it the customer never can profit.

mobnepal

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Mining in cloud (cloud mining) will always remain as standard ponzi scheme in crypto niche nothing new than thousands of other hypes out there. Even if those cloud mining platforms will have huge mining rigs, they will sell more mining power than what they actually own and will keep paying old investors with money from new investors.

azguard

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You cant expect anything cloud mining is dead and you will make almost as with faucets right not. Bottom line is that this was more less good when it was introduced but now dont waste money into this better invest in bitcoin or try your luck in upcoming ICO you will have better income from this.

swogerino

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Don't expect anything. Cloud mining is not profitable anymore for big legit companies like Hashnest, because of difficulty going up every few days or few weeks at maximum and the electricity plus the maintenance fee. When Hashnest cannot make you ROI because of these reasons any other website which promise you ROI within 2-6 months is only a scam which will pay a few users in the beginning with money gotten from latest investors and then disappear leaving late investors with nothing.

Fidemoga

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I expect from cloudmining a big loss of my invest nowadays. Mining with own hardware is hard enough, cloudmining is even with the three legit services a big risk.

truthstalker

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Quote from: hash.rent on October 19, 2017, 07:57:54 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?

Don't do it. I'm massively against cloud mining and the people who use it and open them. It's a ponzi scheme and they never end well and many people will end up losing out.

hash.rent

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I know that mining isn't easy, at least by going solo I found out how frustrating it can be to get a video card burned down, software incompatibility and all other issues... and I was wondering why the heck other cloud companies prefer to go on scamming people when they could create a real business around this.
Still, are there any satisfied clients so far?

mk4

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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.

DaMut

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what we are expecting from cloud mining ?
we're expecting a cheap contract with a realiable service and costumer service.
other than that,we're expecting a transparancy in our earning and their report regarding fees.

but too bad nobody cares about that because most of them only find a way to promote their service,
just to make them buy the contracts so they can live longer from it.
most of it did not really care about their costumer,some of them even closed their costumer account due to 'unprofit' account aka no longer profitable.

carlfebz2

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Quote from: hash.rent on October 19, 2017, 07:57:54 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?

Don't bother and don't understand anymore because these kind of things are useless and most of them are scams.If there are cloud mining then its not profitable at all and would really waste up the money you would invest to. Better to find another way of investment which would really be much better on this cloud minings and if you do have the money then why not create your own mining farm?

3DBrushes

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I personally don't like cloud mining or any other fancy names attached to it. 99.99% of them are scam or will be scam in the upcoming days. It is very hard to identify a legitimate cloud mining company these days. Some sites pays you too low for example genisis mining. Buying Bitcoin mining contacts there is a waste of time instead holding Bitcoins could be much more profitable! lol

hash.rent

newbie

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Hello,

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

Topic: What do you expect from cloud mining? - page 2. (Read 660 times)