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Topic: Whats the best cloud mining site? - page 7. (Read 11576 times)

hero member
Activity: 616
Merit: 500
November 03, 2014, 07:17:00 PM
#96

Some of them, unlike the ones you mentioned, are not mining, just selling.

The answer that comes to my mind is immediate gain. Cloud mining operations get the money upfront, just like it once was with pre-orders. Nowadays less and less people trust in pre-orders, so the sellers are offering cloud.

Either way neither is making money, getting frustrated, investing in some PoS scamcoin due to frustration with PoW and than possibly leaving the crypto-currency scene altogether.

Lets be honest. Someone show me one example where you can turn a profit mining.

Why do you people sound so desperate ?
legendary
Activity: 994
Merit: 1035
November 03, 2014, 07:11:29 PM
#95

Some of them, unlike the ones you mentioned, are not mining, just selling.

The answer that comes to my mind is immediate gain. Cloud mining operations get the money upfront, just like it once was with pre-orders. Nowadays less and less people trust in pre-orders, so the sellers are offering cloud.

Either way neither is making money, getting frustrated, investing in some PoS scamcoin due to frustration with PoW and than possibly leaving the crypto-currency scene altogether.

Lets be honest. Someone show me one example where you can turn a profit mining.
sr. member
Activity: 756
Merit: 250
Infleum
November 03, 2014, 06:41:08 PM
#94
Stop using cloud mining if you really want to earn a profit just buy a miner cloud mining doesn't make any sense they are selling it to you for less just for you to make a profit when they could be running it instead of you?  Huh Huh
Such a discovery, wow Cheesy
Why not ask "why are they selling miners if they could earn more running them? Mining doesn't make sense!" LOL

You mean like KNC, Bitfury, and of course, BFL?

Anyway, you have to wonder why a cloud mining company would go through the effort and expense of buying miners, setting them up,  running and maintaining them, and then go and sell the mined bitcoins at a discount to their customers.
Some of them, unlike the ones you mentioned, are not mining, just selling.

The answer that comes to my mind is immediate gain. Cloud mining operations get the money upfront, just like it once was with pre-orders. Nowadays less and less people trust in pre-orders, so the sellers are offering cloud.
legendary
Activity: 4522
Merit: 3426
November 03, 2014, 11:41:30 AM
#93
Stop using cloud mining if you really want to earn a profit just buy a miner cloud mining doesn't make any sense they are selling it to you for less just for you to make a profit when they could be running it instead of you?  Huh Huh
Such a discovery, wow Cheesy
Why not ask "why are they selling miners if they could earn more running them? Mining doesn't make sense!" LOL

You mean like KNC, Bitfury, and of course, BFL?

Anyway, you have to wonder why a cloud mining company would go through the effort and expense of buying miners, setting them up,  running and maintaining them, and then go and sell the mined bitcoins at a discount to their customers.
sr. member
Activity: 462
Merit: 251
November 03, 2014, 11:21:29 AM
#92
Never cloud mine you will never receive some of your investment

The guys who are paying for your signature wouldn't be happy seeing this post Cheesy
full member
Activity: 271
Merit: 117
November 03, 2014, 10:41:12 AM
#91
Ltcgear is my favorite.

Stop promoting SCAM Angry
legendary
Activity: 994
Merit: 1035
November 03, 2014, 10:30:52 AM
#90
Ltcgear is my favorite.

Do they have any product that is available right now? If not than why even bother talking about them?

IMO, 20% was a good estimate for the period before June 2014.
But the difficulty increase has slowed down since then. The increase rates from July 2014 onwards are 3.08%, 8.08%, 5.30%, 20.86%, 15.03%, 8.75%, 16.20%, 0.98% and 2.81% according to https://bitcoinwisdom.com/bitcoin/difficulty

Will it speed up once again? May be. Will it go back up to 20% every 12 days? May be.
But it is hard to predict.


The next jump is expected to be 9.57% in 1.6 days thus a 13.36% rise this last month which is indeed a slowdown but this has to be averaged in with higher months where we have seen over 100% rises. Bitcoin difficulty is correlated to price and being that Bitcoin is currently bear at the moment one would expect the rise in difficulty to slow. Based upon historical data this should reverse once Bitcoin goes bull and thus one should conservatively expect a 20% average and even than run a risk of losing money.

legendary
Activity: 1736
Merit: 1001
November 03, 2014, 10:16:01 AM
#89
Ltcgear is my favorite.
sr. member
Activity: 728
Merit: 256
November 03, 2014, 10:15:48 AM
#88
I am at the CEX.IO atm, is there any better since on cex, fees are really high?

I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website

The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.

Someone asked the same Q in their thread. Following is an excerpt...

This is the lowest I have come across so far. How do u guys offer GHs at such a low rate ?

There are multiple factors that enable us to offer low rate like cheap electricity etc. as you will find in FAQ. But, to be honest, the current rate is a promotional offer and we will not offer this for long...

Even if they have free electricity and relatively cheap ASIC directly from manufacturers, the price is as I said a bit too good to be true.
The price is that low possibly just because the site wants to attract customers, or it could be something less pleasant. I don't know which one is the real case, and so I would play safe here.
Just my two cents. Smiley

That is a very rational approach in my opinion. I dont want to miss this low offer too... Just awaiting some confirmations that they are paying out.
hero member
Activity: 820
Merit: 1000
November 03, 2014, 10:12:17 AM
#87
The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.

Whether it is a scam or not is moot as the user will still end up losing money.

20% average difficulty increase is a good estimate.

https://bitcoinwisdom.com/bitcoin/calculator

IMO, 20% was a good estimate for the period before June 2014.
But the difficulty increase has slowed down since then. The increase rates from July 2014 onwards are 3.08%, 8.08%, 5.30%, 20.86%, 15.03%, 8.75%, 16.20%, 0.98% and 2.81% according to https://bitcoinwisdom.com/bitcoin/difficulty

Will it speed up once again? May be. Will it go back up to 20% every 12 days? May be.
But it is hard to predict.
legendary
Activity: 994
Merit: 1035
November 03, 2014, 10:04:57 AM
#86
The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.

Whether it is a scam or not is moot as the user will still end up losing money.

20% average difficulty increase is a good estimate.

https://bitcoinwisdom.com/bitcoin/calculator
hero member
Activity: 820
Merit: 1000
November 03, 2014, 09:57:41 AM
#85
I am at the CEX.IO atm, is there any better since on cex, fees are really high?

I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website

The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.

Someone asked the same Q in their thread. Following is an excerpt...

This is the lowest I have come across so far. How do u guys offer GHs at such a low rate ?

There are multiple factors that enable us to offer low rate like cheap electricity etc. as you will find in FAQ. But, to be honest, the current rate is a promotional offer and we will not offer this for long...

Even if they have free electricity and relatively cheap ASIC directly from manufacturers, the price is as I said a bit too good to be true.
The price is that low possibly just because the site wants to attract customers, or it could be something less pleasant. I don't know which one is the real case, and so I would play safe here.
Just my two cents. Smiley
full member
Activity: 133
Merit: 100
November 03, 2014, 09:51:14 AM
#84
I am at the CEX.IO atm, is there any better since on cex, fees are really high?

I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website

The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.

Someone asked the same Q in their thread. Following is an excerpt...

This is the lowest I have come across so far. How do u guys offer GHs at such a low rate ?

There are multiple factors that enable us to offer low rate like cheap electricity etc. as you will find in FAQ. But, to be honest, the current rate is a promotional offer and we will not offer this for long...
hero member
Activity: 820
Merit: 1000
November 03, 2014, 09:09:38 AM
#83
I am at the CEX.IO atm, is there any better since on cex, fees are really high?

I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website

The price 0.001 btc / GHS sounds a bit too good to be true IMHO. You'd better be careful before buying hashrate from it.
legendary
Activity: 994
Merit: 1035
November 03, 2014, 09:08:41 AM
#82
Bump  Shocked

Try LTCGear!

Why are you promoting a site with everything out of stock? Do they have one product that is in stock?
legendary
Activity: 994
Merit: 1035
November 03, 2014, 08:56:31 AM
#81
I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website/?r=2130

Are you aware that it is not possible to turn a profit cloud mining? The only ones profiting from cloud mining are the Asic manufactures , the cloud providers, and the people promoting the affiliate programs.

We need to be honest to new users.
full member
Activity: 133
Merit: 100
November 03, 2014, 08:52:24 AM
#80
I am at the CEX.IO atm, is there any better since on cex, fees are really high?

I'm trying out cloudmining.website. As promotional offer they are giving 0.001 BTC/GHS. If u chose them to use, please use my referral www.cloudmining.website/?r=2130
full member
Activity: 182
Merit: 100
November 03, 2014, 08:15:50 AM
#79
Guy what do you think about hashprofit? Any feedback after the "promotional week"?
full member
Activity: 182
Merit: 100
November 02, 2014, 02:17:18 PM
#78
Stop using cloud mining if you really want to earn a profit just buy a miner cloud mining doesn't make any sense they are selling it to you for less just for you to make a profit when they could be running it instead of you?  Huh Huh

True, but you are forgetting the electricity cost, hardware setup, noise, space, heat and so on
newbie
Activity: 39
Merit: 0
November 02, 2014, 01:45:38 PM
#77
Stop using cloud mining if you really want to earn a profit just buy a miner cloud mining doesn't make any sense they are selling it to you for less just for you to make a profit when they could be running it instead of you?  Huh Huh
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