Bitcoin Forum

Hi guys, recently I just got to know about bitcoin cloud mining. And I'm pretty interested. Do you guys know any sites or place still good for cloud mining? Is bitcoin mining still worth it? or should I go find something else to do. Please have your opinions for me. Thanks :)

The answer to this question is: it depends.  Attaining ROI and subsequently earning a 'profit' mining largely depends upon how cheaply you can pick up the mining gear you plan on using.  Next, your $/kw/hour ($ per kilowatt hour) is by far and away the most important variable when trying to determine whether mining will be profitable for you.  (tip: if your paying more than about $0.04-0.05/kw/hour) in all likelihood mining won't be profitable for you at all.  In fact, your likely going to lose money at this point unless you manage to find a bunch of used mining gear that you can pick up cheap.  Alternatively, if you have a massive bankroll (couple hundred grand at least, you might be able to get a semi-decent deal purchasing miners in bulk from one of the major players).

Another thing to be aware of is that a good 90% of all cloud mining operations (at present) are absolute scams.  Those that haven't proven to be scams yet are either:
a.) Brand new (i.e. untested)
b.) Already shutdon due to non-profitability (example: ghash.io GHS asset)
or
c.) Barely hanging on by the 'skin of their teeth' and soon to shutdown.

At this point unless the 'little guy' is working with free or near free electricity costs the mining game is basically a no-win situation.

Most are ponzi scams. You can check this thread here: https://bitcointalk.org/index.php?topic=878387.0 to see some possibly legit sites and also help you determine if whatever you find is legit or not.

This time genesis Mining is good to try, i see more review about it
http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/



but im not know how long Cloudmining can run , after BitcoinCloudservice where he member silver of bitcoin foundation collapse im not trust Cloudmining again

Silver member of bitcoin foundation only means that they gave the bitcoin foundation a certain amount of (probably your) money.

same with you im not trust in cloudmining again after i lost money in pbmining and bitcoincloudservice

You could try bit-x. It's been around for a very long time and I used to invest in it and it paid out. Take a look at it!

Cloud Mining Break Even Project http://cloudbreakeven.blogspot.com
with
invest2btc.slack.com  is an diversifying investment crypto currency group.

maybe you can try cryptsi mining contract, that's like cloudmining, but have a different plan...,
there is no minimum buy, :)

invest in something else, because even if they are not ponzi or legit, you won't earn much from them, roi is a long bitch to achieve, better to use money on forex with bitcoin, i'm doing it with 1broiker

but if you really want to try one that is legit, then go ahead and try bit-x or hashnest

I wouldn't recommend you investing in cloud mining, the ones that were thought to be reliable at one time turned out to be scams and ran away with user's funds and the ones that are running, you'd have to invest a lot of funds to earn anything from them and it's too risky.

First of all, you need to understand why cloud mining ? For countries, where electricity is costly, mining is not suitable. Hence some firms have set up huge mining firms at places where electricity is dirt cheap and allow us to rent hash power.

One of the must thing you need to see before chosing a cloud mining firm is how long they are paying. I mine at www.cloudmining.website and they are paying for last seven months now. You dont need to trust my word for that. Check their payment proof on blockchain: www.cloudmining.website/payments.php.

Apart from that ROI is another factor. Many mining firms show/imitate mining equipments to gain customer confidence. But, their prices are such that, with rising difficulty you wont ever ROI. With www.cloudmining.website, it is verified by third party to have ROI within ~114 days...

http://www.anony.ws/i/2015/03/02/cmmonitor1.png

So, be rational before you chose to invest and always start trying out with small amount and rank up slowly...

Yes, be rational and give all your money to cloudmining.website because some guy got a roi on his $3 investment in 114 days.

I heard cryptsy has a terrible support, your problems get to be resolved for a long time even if the issue is a minor problem.. Seen to many complaints about them from this forum.

hemm, I see..,
just read about their terrible support on other thread, and maybe thats true..,
actually, I didn't use their service since my account got banned from cryptsy..

If I were you I wouldn't invest in Any cloud mining. I have seen way too many of them turn out to be Ponzi schemes or other scams, even ones that seemed 100% legit and too big to fail. Plus if it is actually real mining involved with your cloud mining investment, you would not make much anyways. I'd say you're better off just buying some cheap second hand mining hardware for a much lower price than new retail, even if you don't make much off of that, you can always resell the hardware down the road.

Majority of cloud miners now are funded by their clients. Meaning, they're most likely to be a ponzi or a HYIP.
Most of the time if you're working with a legitimate cloud miner the chances of you ROI'ing is extremely difficult. You may not even turn a profit.
You can give bit-x a try although I haven't invested into their mining options. You can use cex.io. I have more trust in them since I've been using them since 2013.
https://cex.io/trade#GHS-BTC

Most all cloud mining service is ponzi. You can check cloud mining 101, discussion about cloud mining.


Cex.io is worth for trade ghs-btc only.

hm? I thought cex' cloudmining was long dead.

What about eobot? are there any reviews?

"Good Cloud-Mining" is a contradiction in terms.

most cloud mining operations nowadays are ponzis, bit-x is pretty legitimate though, might be worth checking them out if youre familiar with using an exchange.

I heard they comeback again(cex.io)

Eobot is useless, you can't get roi forever, last time I WD the site still pay me, but with low profit.

if you want to compare ponzi cloudmining Scrypt.CC is same ponzi like Eobot
but Scryptcc is better we can trade and get profit faster than waiting ROI from payout mining

Last time I heard cex.io fix their maintenance fees, maybe still mining. But I personally better to use for trade ghs-btc.

Yes eobot is ponzi too. Better to don't use their software, a lot people complaints about malware on the software.

they got cloudmining too. but I guess you're right - looks like a ponzi

better you buy miner and try mining self in your home, cloud mining now is ponzi scheme. im give up to invest in cloud mining better im gambling right now fast rich or lost fast. not hurt like when im invest in cloud mining

but you may not start your own miner..,
you have to think about electricity and stable internet connection to do it...,
and not all cloudmining is a ponzi or scam, just 'almost'... ( ROI so difficult to reach, maybe that's the problem now,. )

I would say bit-x, but today they're acting up. Anybody know what's going on?

How about electricity ? Most country has expensive electricity expect china
Also, don't forget about cooling, internet connection & maintenance fee

Gambling is fine as long as you're experienced

gambling at high risk if not know how, actually could have mined their own home but use the very latest miner and saving electricity, with the result it would seem

You need pay electric bills, cold room for hardware mining and the diff always increased every time , you need a lot of hash if you want to mining at your home.

Why you do gambling if you can lose fast :-\ it's same hurt too.

but that will not happen if you mine new coins or other coin that have low diff.., ( with your own rigs/rent )
that will be more profitable than mine bitcoin directly..

There's none I can recommend at this time as most of them are ponzi scams. It's always best to proceed with caution.
I intend to try out Bit-X in a few weeks.

Bit-x is nice, AFAIK they're pretty reliable. Their ROI is not as high as other sites, but i truely believe they are not a ponzi. I've got most of my BTC invested with them ATM

BTW, how many bitcoin per GHS obtained if investing in bit-x? if good maybe I'll try it

Today, i had about 0.000313 per 100 GHS (1 day, profit... You get a lot more, but have to pay maintenance costs... The net result is 0.000313 per 100 GHS per day, fluctuating a little each day).

It's not that much, but it's better than nothing  ;D

I can advise HashFlare.io cus they also equipment manufactorer.

Here are sample of stats:
I have 7 MH scrypt and 500 GH SHA-256 in there.

Here is earnings from 23'th June
Maintenance fee    23.06.15 00:00    0.00230074
Scrypt payout    23.06.15 00:00    0.00206726
SHA-256 payout    23.06.15 00:00    0.00517658
TOTAL: 0.00494310 for days income

If you wanna give it a try then ref link is in my signature.

How much did you invest to get 0.00494310/day?

im not see ANN about that service any review of hashflare ? any proof about that company ?
Photos or youtube ?

Check out miningsweden.se.  They are one of the few cloud mining services that has shown proof that they are actually mining.   Support is very quck, and the site is simple to use.

bcs scam

NO NO NO

CLOUD MINING IS BAD FOR INVEST

Can you link us the proof of actual mining? I can't seam to find it, and their site looks rather bad.
Fast support could just mean that they are luring customers in by pretending to have good service. I could be wrong, but lately i'm very sceptical regarding "ponzi mining" companies.

cheers

Cloudmining is no longer making people any profit, I will not advise anybody to try it.

I am sorry to disappoint you because there is none  :(

i'm not trust with cloud mining anymore, scam and scam always like that. no profit if you invest in cloud mining better you buy hardware and mining bitcoin in your home

Most of the cloud mining websites are scams but those which are legitimate do not give you ROI. So avoid investment in cloud mining. Its better to learn from someone experienced then to learn it yourself. The latter would hurt and leave you bruised.

I think you'd better invest in something else. Because mining doesn't have a big merrite when the return rate goes down over time and the market situation is bad today. I hope you find a good solution.

I do not understand why there are still so many people who believe in cloud mining, in fact that cloud mining is a duping that does not produce anything. Any that cloud mining offers it will be interesting, but look at the history and news that tells about cloud mining. Cloud mining is a problem and they only do math calculations to lure users. This is an example of what can actually be avoided, as long as we can understand technically about crypto and mining then we should be able to conclude that cloud mining is a thing that is not recommended and also is a waste.