Topic: Which mining do you prefer? Cloud mining or Hardware Mining? - page 3. (Read 4536 times)

all depends on how good a computer you have, if you have a computer that is compatible to the hardware of mining, mining hardware then do it, but if not you can try cloud mining, both have advantages and disadvantages that can be tolerated, please choose ... 

Cloud, because my pc is too weak and I don't have money to build a rig. So I've invested in cex.io.

I agree, there's always the risk of the company running away, that's why cryptocurrency has ben plagued by frequent scams. Last one that succeded was probably Lunamine in the cloud mining area, but there were even more among the hardware suppliers. Most recently we had AMT, and MAT, not to mention BFL. So cloud mining is probably as vunerable as hardware.

Question is: If you're interested in mining at all and willing to take the risk, should you buy shares or hardware?

In such case I'd buy shares. Why?
-you start mining immediately, don't have to wait 2 weeks or more for the miner to ship.
-you don't have to pay customs duty, usually a significant sum.
-no need to buy a PSU
-no problems with heat and noise
-you can relax while somebody else checks on your miner.

There are also some other marginal difficulties you face when mining at home, like your kids pulling the wires, losing money when you lose connection because the ISP or electric company had a maintenance, and some miners. e.g. the ones from KNC are known to to burn the cables.

There are many reasons why people offer shares instead of mining, one of them is that they get the money right away, if they mined, they'd be getting more in the end, but it would take 6 months or more.
And don't be fooled, most of them were and are mining for themselves. They usually have 100+ miners constantly online and if you buy a share you just direct the profit from one of these miners to your account, while the rest still mines for them, until someone buys another share

What contract is good? Considering the risk of operator running away, datacenter downtime etc. The problem is difficulty is not always predictable, huge difficulty can increase due to miners bring shipped. I went to search for various cloudmining plans, they are either unprofitable or untrustworthy.  The operator would just mine for themselves instead of selling shares if profitability is high. Trading isn't for everyone, the risk is high, you are more likely to lose money than getting profits if you are inexperienced.

Cloud mining IS profitable, you just need to choose a good contract.
There's a group of people who simply take the numbers and say: "Oh, I need over 6 months to ROI at current rates. Not worth it!"
It's not that simple. Just read some ROI tracking threads and you'll see. There are people who got profits after just 2 or 3 months, by simply trading their shares. Sitting on your ass and whining won't get you anywhere

Would love to do hardware mining but since you need to buy the hardware and I don't have the time to manage the miner so I had to choose cloud mining.

Hardware mining is actually profitable for some. Winter is coming so some miners can just turn off their heater and use the miner to heat up their room. Some people also have cheap or even free electricity, they can ROI pretty soon if they don't buy preorders. Cloud mining is definitely unprofitable.

Both cloud mining and hardware is unprofitable. So choose cloud mining cause you don't need to do anything with it

Cloud mining is never and will never be profitable. Buy some hardware(not preorder) and host them at your garage, provided if your electrical fees are low. If not, if you have a big investment fund, install some high efficient solar panel or rent space at a datacenter.

For those who use cloud mining, which do you use?

Don't forget that those "recommended accessories" for C1 are not included in the 1 btc price, and those are going to cost you $50 + shipping.

Prefer cloud mining much better, don't need to deal with the wires..

I have to go with hardware mining on this one.

Cloudmining for me, have not seen ROI on any of the operations, I have invested. PBmining / GAW / Cex etc.

^Sucks^

I like hardware mining. Heating my flat with the waste heat.

I prefer cloud mining, we do not need too much capital, but it can get the maximum results, you do not need to think about how to pay for electricity for mining and you also do not need a super computer to mining, so that the capital required for mining should not be too great, I advise you to do the cloud mining, wish you luck, because every investment there must be risks ... 

Yeah, and it is pretty much effective to compare to cloud mining.

Cloud, since the data center is most specialized than I.

Prefer hardware mining, its fun to setup some hardware....

I prefer hardware mining.
You know whats wrong if something fucks up.

Also, you get a warm feeling of actually being able to do something in life.

What does anyone make of the new C1 Hardware miner that Bitmain have brought out, it has Water cooling features etc? I have both Hardware and cloud mining.