Bitcoin Forum

Now someone told me to do cloud mining. I cant confirm if that was a shill or no. Now I am wondering if I should really buy

the miners or just cloud mine? Help me out so I can make a true decision and save more money on best possible choice.

UPDATE

-NM!-NM!

I had good luck with EObot. I dont know if there is anything else I can think of.

If you can afford to buy a miner and you live in a country which electric bills is not too high to pay then its better to take this but in opposite if any of this you cant afford go to a trusted cloud mining site, theres plenty of them just be wise in choosing.

Most of the cloud minings were scams. But still having some cloud miners. Try these -> bit-x or hashnest.
IMO, mining bitcoin now is worthless!

Well, mining can be very profitable if you pay low electric bills. If electricity is expensive in your area, then don't buy and miner, and specially, DO NOT do cloud mining, buy bitcoins with that money instead, save them, and forget about them until they are worth a lot more.

I would buy physical miners.  If you buy used miners, you can mine for a few months, make some coins, then sell the miners for basically what you paid.  Then do the same thing again.  Just make sure you are keeping up with the technology and if the price gets close to falling below profitability the miner's value will fall.  This is a much better way to make a higher ROI for obvious reasons.  Also make sure you are getting the best deals.

Man,if you try to invest money in cloudmining companies then remember Most of them are just scam and does not offer any mining at all...they are just like hips

Try www.Hashnest.com - they are one from the most trustworthy cloud minig services, or www.genesis-mining.com - with this code " zAQ8qP " 2,5 % discount :)

it depends... on whether the person who told you to cloud mine is a part of cloud mining or not... If he is you ask him what cloud mining services does he use. If he isn't cloud mining... don't bother just invest in some hardware miners that are able to mine bitcoins and are economical on electrical usage too. Solo mining nowadays is about luck unless you own some pretty impressive mining hardware...

Simple - do not cloud mine.   

Be careful about cloudmining, there are a lot of scams! Read the forum about it, you can read its publicity about fast Roi, but lot of them disapear with your bitcoins.

I agree with this, buy a miner. 

At this point, with no hardware miner on the market that has a resonable expectation of achieving RoI for folks with an electric cost over 5 cents/KWH (and even the S7 is VERY iffy at that electric cost), I'd either wait a few months for competition to hopefully knock pricing down to something viable, or invest in PACMIC v3 contracts.

 I would NOT invest in v3 contracts past about the first of April next year, or after a v4 version appears, however - the halfing is likely to make the v3 contracts go into "unprofitable, shutdown" mode around mid-July timeframe and you really want to have any v3 contracts fully paid out by then.

if you have not cheap electricity and you want to mine, you're kind forced to do it

but the maintanance fee is a problem, i would do it if the roi is no longer than 6 months

Ever, since in 98% of the cases, you will just end up losing money. I don't know honestly how many times this needs to be repeated. Every few days we have a new thread about cloudmining and same answers all over again!

I can tell you terrible stories about cloud mining and when I was first getting into it.  I basically lost all my coins, I didn't know about Bitcoin that much and what mining really was, I was just happy to be earning coins weekly.  This is not a good thing to follow any sort of cloud mining at all and you will be better off.

Decide yourself ► https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654 whether the cloudmining is worth or not and also find the legit cloud mining sites. And also see what they're rated for Eobot

You need a lot hash to earn profit from mining, because the diff is always increased.
for your reference: https://en.bitcoin.it/wiki/Mining_hardware_comparison

With Eobot you earn ROI? i think not, because i never ever got ROI.

I have not tried it yet, but mayby buy ghash at bit-x. I know that they are here for a very long time now and I really think they are legit. Anyway, go check on google and search for cloud minimg services that can offer you real video proof of their miners, so that it isn't just a stupid ponzi.

Fine. But most people who cloud mine are the miners who mine with <10 GHS, aka the people who have no money. Those people should not be mining.

first try to trade.if it isnot enough just try hashnest or if profitable due to electricity in your area buy a miner and do mining yourself.