Why not invest instead of cloudmining?? - page 6.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: GermanGiant on September 13, 2015, 03:45:24 PM

Quote from: NorrisK on September 13, 2015, 03:40:30 PM

Quote from: jonald_fyookball on September 13, 2015, 02:52:18 PM

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it. Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account? If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash Wink

Exactly. Otherwise the same question can be asked about ASIC manufacturers. Why do they sell ASIC, if mining with that ASIC is profitable ?

I think that retail ASIC selling is nearly in the same boat for that reason.
A lot of people lost money on mining gear and fell behind the difficulty curve.
By the time they got the equipment, it was too weak.

But at least with ASICS, the end user has to supply electricity, storage,
possibly cooling, hardware maintenance, and software maintenance.
And possibly some of these things are easier to do on a smaller scale.

GermanGiant

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Quote from: NorrisK on September 13, 2015, 03:40:30 PM

Quote from: jonald_fyookball on September 13, 2015, 02:52:18 PM

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it. Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account? If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash Wink

Exactly. Otherwise the same question can be asked about ASIC manufacturers. Why do they sell ASIC, if mining with that ASIC is profitable ?

Mickeyb

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Move On !!!!!!

Quote from: BitcoinNewsMagazine on September 13, 2015, 11:47:20 AM

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

Then we come to investing. Where to invest when 95% of all investment opportunities are scams as well. You end up risking insanely for not so much of the ROI. You are better off leaving your coins in the cold storage!

Cheers!

You are aware of Hashnest? S7 GH/s will be available on Hashnest within a month.

I am aware of them. I have never used them since I don't believe at all into cloudmining. But for this 1 legit company, you will 10 more scammers. That's the problem, there are just few legit companies in the sea of those others, that are there just to screw people up.

And if you get people to sign up for a legit one like hashnest, cloudmining isn't just about subscribing, buying contracts and making money. You need to know when to buy, you need to follow up difficulty, hashrates, price and make decisions according to these parameters. New people don't know how to do this efficiently so very often they just end up losing money.

NorrisK

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Quote from: jonald_fyookball on September 13, 2015, 02:52:18 PM

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it. Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account? If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash Wink

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it. Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account? If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

Btcforall

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Activity: 124

Merit: 100

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

Then we come to investing. Where to invest when 95% of all investment opportunities are scams as well. You end up risking insanely for not so much of the ROI. You are better off leaving your coins in the cold storage!

Cheers!

Good point

Hugroll

hero member

Activity: 756

Merit: 500

I've never tried cloudmining, but i can honestly say i don't think its worth it. there are so many posts(mainly on reddit), where people invest in cloud mining and don't get anything back. although there's similar ponzi sites for investing, they are extremely obvious. if you want to try investing, try sending out loans on BCT, or btcjam or bitbond.

ashour

sr. member

Activity: 490

Merit: 250

Most cloud mining operations are a scam, so If I had to choose between investing and cloud mining I would choose investing.

mallard

full member

Activity: 196

Merit: 100

Because most cloud mining websites are ponzi schemes that will run away with your money.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: pjsonowal on September 13, 2015, 11:55:31 AM

So guys which is the most secure option..... INVESTMENT OR CLOUDMINING..... Huh

Invest in what? Put up a list and you will get some opinions. Many cloudmining operations are either scams or overpriced. Hashnest is neither. I have found key to using Hashnest properly is to wait until hash prices are in an established uptrend then buy. Hold for a few months then sell hash at a profit meantime also getting daily mining income. If you believe bitcoin price will be $500 one or two years from now nothing at all wrong with just buying and holding bitcoin.

PolarPoint

hero member

Activity: 672

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It's stating the obvious. Investing is better than clouding mining because most cloud mining are scams. The question where to invest? There are no bitcoin investments with formal agreements. So you are sending strangers money and hope they pay you back.

pjsonowal

sr. member

Activity: 350

Merit: 250

So guys which is the most secure option..... INVESTMENT OR CLOUDMINING..... Huh

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

Then we come to investing. Where to invest when 95% of all investment opportunities are scams as well. You end up risking insanely for not so much of the ROI. You are better off leaving your coins in the cold storage!

Cheers!

You are aware of Hashnest? S7 GH/s will be available on Hashnest within a month.

Borisz

sr. member

Activity: 476

Merit: 251

Isn't cloudmining also simple an investment? You put in X coins and expect a return on it.

As for investment in general, ask yourself the question, how much €/$ have you invested in your life and how much profit you made. Then compare it with bitcoin. Depends where you invest, but with the mistrust of "anonymous" bitcoin it is hard to find something legit and profitable.

pjsonowal

sr. member

Activity: 350

Merit: 250

Quote from: Mickeyb on September 13, 2015, 11:33:03 AM

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

Then we come to investing. Where to invest when 95% of all investment opportunities are scams as well. You end up risking insanely for not so much of the ROI. You are better off leaving your coins in the cold storage!

Cheers!

Thanxx for posting your vieww... It really helped me a lot.... I think your points are verykmuch worthy

.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: pjsonowal on September 13, 2015, 11:29:29 AM

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

Then we come to investing. Where to invest when 95% of all investment opportunities are scams as well. You end up risking insanely for not so much of the ROI. You are better off leaving your coins in the cold storage!

Cheers!

pjsonowal

sr. member

Activity: 350

Merit: 250

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it.. Huh

Post your views with DEFEND OR REFUTE and then

Topic: Why not invest instead of cloudmining?? - page 6. (Read 4568 times)