What is currently the best lLEGITIMAL cloud miner i

Bitcoin_Arena

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Quote from: ratas on December 09, 2021, 11:49:56 AM

Wht you mean "buy a miner" ?

buy All hardware and miner at home for me?

It's the second-best Option you have. The first best option would be to wait for the bitcoin price to drop, buy the dip and HODL since the miner equipment prices are inflated right now due to shortages.

Avoid anything to do with Cloud mining. You will risk your money but will get almost nothing or just make losses through exit scams at the end.

JonnyRocket

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I used to use bitdeer quite a bit but they way the contracts are worded they almost ALWAYS win and you almost always lose. Don't do it other than if you want to play around and watch their figures.

My last decent purchase was 12 months ago buying s19pro for about .2 btc. It finally ROI'ed in BTC terms after mining for 12 months but that includes the Chinese drop which really really helped. And this is with what they said <6ct power and no fees. Now power is 7.5c and every plan has extra fees and difficulty is really taking a shit on the returns.

I doubt any of their current plans will ROI unless coins moon and in that case it will always be better to buy btc directly.

badbart

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I bought 4 PH of BTC mining power on Bitdeer 2 years ago. BTC was around 6k and I made a lot of money, but power seems too expensive now. Just HODL BTC, your returns might be better. BTC difficulty is rising and price might be falling which will destroy your profits. If you take the average BTC difficulty rise per month and calculate it you might get less BTC back then what you paid in BTC for the mining power.

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Quote from: ratas on December 09, 2021, 11:49:56 AM

Quote from: BitMaxz on December 09, 2021, 09:10:27 AM

All Cloud mining is almost a scam and not worth investing in.

But if you still want the only cloud mining that I know legit is Bitdeer that I think is owned by Bitmain but I don't know if it's profitable to buy hashrate nowadays.
Why not just buy a miner and mine for yourself? That's the safest option than investing in cloud mining.

hello,thanks for reply

Wht you mean "buy a miner" ?

buy All hardware and miner at home for me?

Yeah. That's the true way of mining. Most of cloud mining is scam since most of the company offering it before usually run or filing bankruptcy. And also the main issue there is the low profit they are offering.

Genesis mining is the oldest and still running cloud mining company that I know since I start in crypto. Some of there bad review is due to the decrease of payout after the halving which is normal since the difficulty was already increased.

ratas

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Quote from: BitMaxz on December 09, 2021, 09:10:27 AM

All Cloud mining is almost a scam and not worth investing in.

But if you still want the only cloud mining that I know legit is Bitdeer that I think is owned by Bitmain but I don't know if it's profitable to buy hashrate nowadays.
Why not just buy a miner and mine for yourself? That's the safest option than investing in cloud mining.

hello,thanks for reply

Wht you mean "buy a miner" ?

buy All hardware and miner at home for me?

BitMaxz

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All Cloud mining is almost a scam and not worth investing in.

But if you still want the only cloud mining that I know legit is Bitdeer that I think is owned by Bitmain but I don't know if it's profitable to buy hashrate nowadays.
Why not just buy a miner and mine for yourself? That's the safest option than investing in cloud mining.

ratas

member

Activity: 253

Merit: 16

hello ,

Is any currently available on the market for a legitimate paid mining and worth investing in the short / medium term?

Lots of youtube videos and sites ,but nothing like the experience of the users.

I dont want nothing complicate about scripts and stuffs like thaat, any simple plataaform where we invest, give some kk to miner AND PAID ?

Legitim and if worth ?

Many thanks in advace if anyone cn help, wwith his experience.

Topic: What is currently the best lLEGITIMAL cloud miner i (Read 187 times)