Stay away from cloud mining you'll only get hurt in the long run.
Yeah, I´m sure you and Muhammed got screwed and I don´t give a hoot.
What do you mean by that?
I am a miner of Cex.io and PBMining. I have no problem. If you are telling this by seeing any of my posts, please post the quote so I can correct your misunderstanding.
~~MZ~~
I used to be a miner at Cex, PBMining, GAW, etc. most of them are not profitable nowdays !!
So, if u cant make proper difficulty calculation, they are responsible for it ? I'd also like to know statistically, how did u end up by not making profit on PB Mining ?
For ex Gaw is used to be very profitable when they launched the Prime for 16$/Mh. ZenPool was paying out great and everything was fine. ROI was just 2 to 3 months. Then they increased the price of Prime to 40$ and then to 50$, at the same time Zenpool payout was gradually decreases day-by-day. Now the ROI is more than 390+ days, without calculating the difficulty.
This is normal for any cloud mining service. When they launch, they give lucrative offer where u can make sure profit, like the current offer of
www.cloudmining.service. But, with time they'll gain trust and increase their offer where making profit will be dependent on BTC price fluctuation, like in the case of PB mining & GAW now. At Cex, u can make profit, only if u can trade well, but not from mining.
With Trade ?! And that to 'Trade Well' !!
'Trade well' is the key word here, for most of them trading doesn't come naturally. Anyway, we are talking about cloud mining here. ROI has to be 2 to 3 months, anything more than that will not be much useful as difficult tends to increase and other market factors also affects the price. So I have moved out of most of the cloud mining sites except
LTCGear, which has a ROI in 7 to 8 weeks, even at the low BTC rates.
I have been a member for little less than a year.
LTCGear has been run by Chris who is one of the developer of Litecoin and FPGA designer for 15 years. Payouts are done weekly on Friday without fail!
At present he is running a anniversary package of 1600 shares [160 MH], for $1800. With discount coupon: "anniversary1yr" you can get it for $900. If you pay by Bitcoins via coinpayments you get an additional 7% discount leading the price to around 840$. With around $5.3/Mh, this is the cheap and best in the industry with ROI of 7 to 8 weeks.
If you want to try, here is the link:
LTCGear <-- My shameless referral link