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Bitcoin => Bitcoin Discussion => Topic started by: Curious8 on June 19, 2016, 09:58:41 AM



Title: Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?
Post by: Curious8 on June 19, 2016, 09:58:41 AM
Read here: http://bitcointopics.xyz/content/it-worth-buying-bitcoin-cloud-mining-prior-halving


Title: Re: Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?
Post by: densuj on June 19, 2016, 10:07:58 AM
I think yes it is still worth, but with new miner is like antminer S9 on hashnest but the problem is about the price of bitcoin in the future and about the cloud mining service mostly of them are scammer.


Title: Re: Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?
Post by: BigBoom3599 on June 19, 2016, 03:21:38 PM
Cloud mining is rarely ever worth it to invest in. Most of them never ROI or are a total scam, the only that I think is legit would be Hashnest be even then you should do some proper research and calculations before investing in it.


Title: Re: Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?
Post by: BitFinnese on June 19, 2016, 03:43:37 PM
It is NOT worth buying cloud mining even there is no halving.  Based on personal experience, cloud mining  investment is destined to be a lost.  If you invest there is a huge possibility that you won't get your ROI.  Factors like difficulty increase, your percentage hashing power to the total hashing power of the cloud mining company continuously decreasing due to the new comers buying hashes.  If you observe as new comers buy hashes there is decrease in share you're getting until such time that you have to purchase another hashes to stay with your expected return.