Topic: What do you think of Cloud mining? (Read 470 times)
i have been suffering got scam from investing at cloudmining sites several years ago and since that i would not believe cloudmining even though they says they're legit but i don't trust them anymore however i wondering that whether any people here could ROI from their investment at cloudmining sites because rare to see real cloudmining sites legit
I think a cloud mining is a SCAM.
It is better not to use such services.
It is better not to use such services.
it's right you will get profit.
But in a really long time, you can get back your investment like almost 1 year. (depends on the price of bitcoin itself)
And also many cloud mining site is a scam. So becaferul.
But in a really long time, you can get back your investment like almost 1 year. (depends on the price of bitcoin itself)
And also many cloud mining site is a scam. So becaferul.
I have burned my hands and will advise all to stay away from cloudminnig. Most turns into Ponzi schemes. Initially they make great promises, until you get trapped in.
I think that cloud mining is a kind of thinking trap. Its model can't bring us huge profits. I'm more appreciative of myself buying mining equipment. I'm a miner myself. This behavior has brought me an objective profit.
Other crypto-currencies are more contradictory. The ethereum, which became the second-largest name after bitcoin, is in fact a crypto currency for the creation of other crypto-currencies
I've just had one experience with cloud mining and that was years ago. I had purchased a contract at Genesis Miniong and I did make a nice profit with that.
Though I wouldn't recommend anyone getting into it because the ROI is very low for the risk you take.
Most of those cloud mining websites are just straight up ponzi schemes. The legit ones take so much fees that there's barely any profit left.
Though I wouldn't recommend anyone getting into it because the ROI is very low for the risk you take.
Most of those cloud mining websites are just straight up ponzi schemes. The legit ones take so much fees that there's barely any profit left.
I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
I dont believe in cloud mining because almost all of them are going to scam the investor. With the 3 cloud mining that i tried before, all of them are gone now and the owner runs. If you have money to spent in investment, why dont you buy your own mining hardware and mine for yourself.
My recommendation for earning on the Internet on crypto currency is to find a good leader in this matter.
I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
I still do not fully understand the cloud mining, so I still do not believe it, I read from one of the cloud mining service providers I think they give too sweet promise and do not tell the bitter things that may happen, it just makes me not believe in cloud mining
Cloud mining is available to people with any budget. If a person is not able to buy expensive equipment or do not have the necessary technical knowledge, he can mine at a distance ie . distantsionno. Cloud mining companies install their servers in places where the price of electricity is low. This has a positive effect on the size of the final profit. but it should be borne in mind that cloud mining, along with the advantages and has its drawbacks. The market has a large number of scams.They work on the principle of a pyramid scheme.After receiving the money for the lease of equipment they tend to disappear. No need to believe beautiful advertisements that promise huge profits in a short time.Even in reliable companies, payment terms may change.At a loss, they will not work. The profit will depend on the cryptocurrency exchange rate at the moment.
Don't invest when you're not knowledgeable about it even though it may sound profitable, but in long-term it will turn out to be a scam. Just research more about the cloud mining platform and then if you found out some bugs or questionable aspect from the platform then I guess you should back out from that platform.
My recommendation for earning on the Internet on crypto currency is to find a good leader in this matter.
There are a lot of good answers here, reading a couple of them will give you the top sites , but my advice is to choose one, and purchase the good amount on it but also purchase on a least another two so you diversify , this is due that you may for example see that one of the sites goes to maintenance or have some problems and may be offline for a while, so just diversify. I currently use
A Cloud Mining Company ( this one give free power so is good for you to see how works)
A Cloud Mining Company ( this one give free power so is good for you to see how works)
We’ve tried multiple cloud hashing services. I doubt hashnest and hashocean are any good, they’re bound to collapse. Or not, I’m just making educated guesses. Many have come and gone.
The only one I’ve put my money in is: Genesis Mining. This is due to multiple reasons, but they prove they’re actually mining, have an awesome support team, many regular customers and are quite transparent.
The only one I’ve put my money in is: Genesis Mining. This is due to multiple reasons, but they prove they’re actually mining, have an awesome support team, many regular customers and are quite transparent.
The World of Bitcoin Cloud Mining is full of Scams. There are companies like Terabox . me who are ready to rip you apart. So , only buy Bitcoin Cloud Mining Contract from reputed companies.
The BIG 4 ,
Genesis-mining ( Use code mNpFUG for 3% discount) — The most popular and biggest mining company. You can buy hashrates for Bitcoins, Ethereum and Monero mining.
Hashflare.io is very popular and offer the best rates in the industry. You can mine based on Hash algorithms SHA 256, Scrypt , ET-HASH (Ethereum), X-11(DASH) and EquiHASH (ZEC).
Hashing24 is a trusted website where you can mine bitcoins. They also offer a free demo which you can try if you are unsure about which contract to choose.
NiceHash, the most advanced crypto currency cloud mining, hash rental service and multipool. They offer you to buy or sell hashing power without contracts on pay-as-you-go basis
The BIG 4 ,
Genesis-mining ( Use code mNpFUG for 3% discount) — The most popular and biggest mining company. You can buy hashrates for Bitcoins, Ethereum and Monero mining.
Hashflare.io is very popular and offer the best rates in the industry. You can mine based on Hash algorithms SHA 256, Scrypt , ET-HASH (Ethereum), X-11(DASH) and EquiHASH (ZEC).
Hashing24 is a trusted website where you can mine bitcoins. They also offer a free demo which you can try if you are unsure about which contract to choose.
NiceHash, the most advanced crypto currency cloud mining, hash rental service and multipool. They offer you to buy or sell hashing power without contracts on pay-as-you-go basis
did you think that cloud mining will get you profit? no there're a lot of cloud mining out there nothing but a scammer. but only 1 or 2 that not scam for now, if you insist that want to cloud mining that much try go to genesis mining cause they the best site for mining and trusted company for cloud mining. you know if there's an action there could be a risk there so prepare yourself
I believe that all clowd mining is nothing but scam already
I do not use cloud mining to benefit from bitcoin, because I know there are many other ways that are easier and have bigger benefits. trading, investment and also join the campaign.
I think clouding like mini fauchet or like heatbtc, must have referral code and also deposit to take our advantage.
I think clouding like mini fauchet or like heatbtc, must have referral code and also deposit to take our advantage.
I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
Cloudmining is almost always a scam. If the people actually did have hardware that would work to mine as much as they claim, then why would they not just use the hardware for themselves?
It doesn't make sense for the people to give you a cut with the hardware. Logically, the only true option for the reason of cloud mining is to be a scam.
I am not arguing that it is always honest, but I think I may give another perspective on why you might choose to rent your mining power.
You see, when you use your mining equipment for mining, it is you who must ultimately handle all the risks involved. You are a winner if the price of the currency you mine goes up, but you are a big time loser if it declines, especially if the decline is heavy.
On the other hand, if you would prefer to have a more reliable profits (even if smaller on average) you might want to choose to rent the mining power. Then all the risks are transferred to the party renting your power. You have less risks. You pay for it, obviously, by having smaller profits. But it still may make sense for some business models.
The problem with this kind of setup "Cloud Mining" is that you really don't know how long it will last. As you said the risk is onto the party renting their Hashing power, so they can actually close anytime they want if they feel they are losing without given "YOU" the investor a warning or refund.
You see, I never used such services so I cannot claim I know how it works in practice, but it is how I would be doing that
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