Bitcoin Forum

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

i would never suggest anyone to invest in cloudmining because most of them are going to end up with a disaster sooner or later. they can't remain forever. especially if they are Ponzi scheme instead of a legit cloudmining service with real hashrate for mining. so in your 90 days to reach your ROI a lot of things can change and they can even run away.

p.s. you should move this topic to services discussion board.

Yeah, okay. I'll move this in a sec.

By the way, HashNest has been here for more than a year now. The same company (BitMain) runs AntPool so I'm pretty confident they have the gear to do it.

I think its profitable if you mine alts like eth knowing its valuable alt nowadays and many miner shift to mine eth because some other miners get more profits rather than mining some bitcoins,

And for hashnest better go to mining section where you can gather more info about it and ask experience miner if its still good to share some pool to the miners there.

How would 100$ get you 1th on hashnest? Or am i missing something here?  ???

dont use cloudmining services. they offer high roi at low rate it means they are ponzi and not a mining company. you should get your own rig and start mining from your own rig. just my 2cents.

I recommended you to don't invest in cloud mining because now a days all the cloud mining sites are scamming people and if we calculate the average profit of cloud mining it doesn't make profits more than 0.0089$ something per day. And it is a very long term process, when your investment gives you returns. So Stay away from cloud mining sites....

I have looked at Genesis X11 mining, they say it mines the most profitable coins...any feedback or experience with this?

Yup many people says that genesis can be trusted but their investment program is for longterm, maybe 5 months to 1 year will you able to back your ROI in that site.

the upcoming days, week and months are gonna be anything but stable in mining. all kinds of weird things may happen. if it were me i'd hold off for a while to see what develops.

I don't recommend this kind of investment , especially the halving is coming , so may be a lot of those sites change their profit rates , the mining of Bitcoin won't be profitable any more , you can use your money to trade altcoins , it is more prfitable .

Have you not heard about hashocean until now people cannot get over with their lost hundreds thousands of dollars have been lost because of their so called security failure which is till in doubt,so doubt invest on yout hard earned money on cloud mining again just do trading it's much more profitable..

The only thing that i can suggest to you is to mine altcoin make your own hardware to mine altcoin instead of investing it in other site anytime they can run.. just like cloud mining site hashocean.. better to mine with your own build your own cpu with high gpu to mine altcoin i think $100 can start mining altcoin..

hope you don't invest in HashNest.All cloud mining are ponzi scheme.you can search about cloud mining you will get review about cloud mining.last scam report for HashOcean a cloud mining firm they run out.cloud mining not profitable at the end.there have more possibility to lose your all investment.thanks

Now a day there is new hashocean issue almost many people are invested in that site so  i think its not recommended that you invest  your money in any investment sites better to stay away.. try trading and relay on coinmarketcap choose top 10 altcoin to invest so that you are far in shit coins..

not that i'd ever put any money into any cloud mining, but isn't hashnest run by bitmain? that's a truly enormous player in bitcoin. i'd be amazed if it was a ponzi but anything's possible i guess.

I think mining altcoin is still worth it that high amount you can start mining cpu and gpu mining with premined altcoin ethereum i think its still profitable..

Just don't invest in cloud mining, there are some really bad experineces with that. Mining is not so much profitable as before but there is till room to earn something.

Hashnest is the most legit cloud mining company because its backed up by bitmain the company which produces the antminers so they are as legit as it can get. You will have difficulty ROI-ing with them, but a lot of shit posters here who talk without knowing anything and claiming this is a ponzi.
You can invest in Hashnest and they will be here as long as Bitmain will continue producing antminers.

Better wait a halving before investing it to any cloud mining.

Correct me if I'm wrong, but wouldn't it be better to start right now and reap the benefits of the 25 BTC block reward while one can before it cuts in half, instead of waiting until rewards are only 12.5 BTC?

I would like to point out the many cloud mining scams; GAW miners, LTCgear, Hashie, Genesis Mining, Hashocean. As you can see this were quite large companies and yet they succeeded to scam their clients. So ask you, do you really think cloud mining is worth it or even profitable? My experience is that home mining, hasn't been profitable since the the S4.
Cloud mining has never been profitable.

Could you give more information about how your work done ? why you said we should not come with clould mining  ?

Only a stupid can think about investing in cloudmining sites. or someone who don't know what the cloudmining sites done with investers in early days.
if you know what happened with hashocean's 700,000 users then you will not invest your money to any cloudmining sites.
better to just hold your funds or just give them to someone else instead of giving them to a scammer.

You can better not do this at all, as you can see a lot of websites that are mining are just ponzi's most of the times.
I really would not recommend you to invest in something like that, there are other methods to make some nice amount of bitcoins right now.

I honestly do not think its still profitable because of the fact that you are paying high bills for the energy and you are gaining almost nothing.
Also with the block size that is coming right now this will not be easy and it also that we do not need it anymore to make bitcoins nowadays.

the biggest problem for investing at cloud mining because most of them are fake and too many people got scam from those cloud mining but in my opinion if you were really investing at the honest cloud mining i guess it is still profitable and you could ROI without any problem

At this price point, it definitely is. You always need cheap electricity but people were making profits even when the price was 450$. Still, you never know what is going to happen to the price so it is still a bit of gambling. Every investment has a little bit of gambling in itself tho, i  wouldn't invest my life savings into mining.

inviesting mining majority only hyip not real mining
only member get member and result scam

Hmm, im not really thinking Mining is really "profitable" at the moment. Only really if u do it really really big.. than u could earn a lifing from but this is so much invested Money that if something would happen u maybe gonne lose everything :/

It's legit like genesis mining but there is 2 differences
Genesis mining have scammed users in the past with Scrypt hashing
Genesis mining is famous for determing payout how they suit fine. Making it too expensive.

What they do both is offer nobody ROI though

It's isn't profitable, and i strongly doubt it was profitable ever. IF you have money to invest there are 2 safe options
- Holding for an increase
- Trading altcoins

I do not suggest to invest on cloud mining site  because they go scam anytime , i already had best experience investing on cloud mining site like hash ocean ,some one said has ocean is legit paying past two years , but it turned scam 15 days back.

yes cloud mining going to be scam anytime soon like what happen in hashscam in all case wait at least for bitcoin halving then look at hashnet again to calculate your profit .

that sounds angry  ;D wait until the halving is there :)
I think the Price will simply increase ;)

yes we have to keep eye on the halving once it happen we can know if mining is profitable or not all depend mat be price will increase

Bad times for investor is coming cloudmining for today is slowly down and running with plenty of money, thats why we should really not to look at it as way we can earn money because they are made just to scam people and make their self rich, and we must bare to our minds that even real mining hardwares are not profitable how much more the cloudminings, and for the sites running it they are all ponzi that will turn scam

don't sure those sites which you mentioned above are a real large company instead of just shitty fake company which don't even have datacenter themselves and claiming to be large company running on 1st world countries and located there,you know so many cloudminers claiming having datacenters on 1st world country just to trick people to join

i think it is not a good idea to invest with any cloud mining services not only for this but also at the next month or years because you don't even know if it is truly trusted and i don't think that there's a trusted cloudmining site out there you should be aware .

Yes I think its still worth it but its also how you look at it in my eyes there is nothing wrong with mining but always do it yourself.
If you are doing with websites it will most likely be a ponzi scheme so never do this at all!

I spoke to a lot of people and cloud mining is very unprofitable and most of them are scams, be carefull.

I dont know about the others but i know genisis mining have mining company that turns ponzi since there mining hardwares are not really profitable by now thats why they join the ponzi scheme to sustain there daily fees and make their company survive and thats the reason we must really avoid cloudmining now, because even if they are real company anytime they will collapsed soon just bare in our mind mining is not profitable nowadays.

A lot of people say this, but by now you should have read all the topics about cloud mining. There are so many scam reports.
It doesn't make sense if you still consider it.

The time for cloud mining is ended, and a lot of users is learning more knowledge from the accident of cloud mining, this time, to move on from cloud mining.
I assume no needed to discuss cloud mining for now just waste many of your time.

Most of them? for me all of them are scams. I also invested some coins in some cloudmining sites in the past. but got scammed as usual. I don't even think a cloudmining worth to invest no matter if the site is online from 4 years or 5 years. like hashflare or genisis mining.
so if someone still try to invest in cloudmining after know about it then he is just a stupid.

In my eyes its not worth it at all because investing in mining is not profitable anymore these days.
Another thing is that investing right now will let you lose a lot of money most likely because of the fact that these websites are Ponzi's..

I recommend you to not invest in any mining possibility, it has a bad future right now and its also not worth it.
Right now a lot of them are also scammers that are just want to start up a ponzi to scam you at the end.

I fully agree investing into the bitcoin mining right now is not smart because its not worth it anymore.
Mining is gonna be more expensive than what you get, I really do not think its worth it...

mining could be profitable if you look for another alts to mine since some of them are not vert hard to mine nowadays like ethereum some of miners shift to this coins knowing bitcoins have more difficulties added each year pass,

In the other hand as you can read from mining section some of them disposing and selling their rigs since they found that their hardwares are not really profitable today.


Very not recommended since all of site running as cloudmining today are all scam theres no such thing legal about cloudminings nowadays some of company are joining the ponzi scheme and some others are intended just to scam so its better for us to leave it and dont look for cloudmining/hyips to invest to earn easy money.

Mining both direct mining and cloud mining are ventures which i see as very risky. Just look at any calculator and you see that even with the most advanced miners you will end up with a lost.

Its indeed very risky and the fact is also that its not even profitable any more in my eyes its a waste of time and money by investing into the mining of bitcoin right now to be honest.
In my eyes you can better invest in startups/company's or other things to make some good money instead of investing it into mining bitcoin, its just not worth it anymore and the halving is also coming soon.

Investing is good and it can provide you some good money these days with the bitcoin, in mining itself I would not do this because its not profitable anymore.
If you even wants to do this you should do it yourself and not try some cloud mining or something because that are just ponzi's.

They are all scammers you should not even try it because you are getting scammed without any doubts.
Its not profitable and not worth investing into such service also if you are asking me.

It's a very long process, and with the current halving event, the mining became even more unprofitable.

I believe we need not to worry about the profitability of bitcoin mining as the price will roar again to compensate the halving consequences hopefully. This had happened in the past, so expecting the same is not being over-optimistic IMHO. We can expect either the price of bitcoin will go up or the difficulty of bitcoin network will come down (Due to the result of non-profitable, some miners might shut down their mining process) to cope up the mining expenses.

Nothing having a perception if mining is not worthed for now, but it's just a prediction. maybe the miners are feeling different with that.
and better to talking with miners about that, because those who feel the halving of impact is the miners.

only altcoin mining is worth it. You also need early coins with big upside.

I also think so. Mining difficulty is insane and through the roof ! Unless you have a massive mining farm you won't be able to keep up. So a bit of luck and skill picking good altcoins and adopting early is the only way to profit on a small scale.

Most services won't last long anyways, especially if they are a ponzi. There's almost always going to be at least a couple of problems showing themselves over the years(ex. no miners/miners are broken) just wasting your time(and money), or they just might simply run.

Speaking from experience, you can profit from them if you know what you're doing. Just consider the legit ones like HashNest.

If you're looking for an invest-and-forget scheme then it just won't work. With cloudmining, believe me you should be able to predict when to sell your GH/s, like when a new miner is out etc. Otherwise you can and you will lose.

Why everyone is saying that all cloud mining websites are scams? This man says that he wants to invest in hashnest, which is legal cloud mining and it's Bitmain's own company. So don't anyone knows that Bitmain is making AntMiners? Will you say that antminers are scam things? :D Or at least Bitmain is scam? No, they are legit and most trusted and investing in hashnest is 100% safe because they are legit and their team is leading in bitcoin mining.

Simple logic men as you can see the difficulty to get blocks is very harder to get/find and that means mining would provably not profitable ways to get btc and even they are legit investment company they will still in state of financial breakdown since their operatiom are not profitable by themselves and thats the reason now i think they are running as ponzi but sooner or later they will collapse like those other who runs first.

Investing in cloud mining is never a good idea, most of the time they are ponzi schemes. If you're interested in mining then you could try mining altcoins. Minergate is a great site that offers different altcoins that are profitable to mine with your pc

Mining alts it just waste of time if you don't have a good GPU.

If you're gonna invest in Hashnest be sure to learn how to trade and predict markets too. It's never in buy-and-forget in there, you need to know when to sell your GH/s otherwise you won't reach ROI.

I used minergate and let me say it is completely useless. I ran minergate app on  my computer for more then 2 months and It didn't even produce equal to 1$ of altcoins. Only one reason if someone still want to use it is it is free and if you can run it for months or for years you may make some altcoins. But it is not worth for effort honestly.

Now a days, lots of altcoins Giving POS (Poof of Stake) feature. It is much better then mining. Just buy some altcoins and store them in your wallet and keep the wallet run and you'll get some interest daily.

This is so right. I would reckon anyone to invest either with hashnest or another cloud mining company.
Mining even with asics is with the same risk as gambling. You can hit some profit but you will end up with a significant losing of your money.

I'm thinking that 90days is much too high in don't think that will be sustainable. 180 days seems more legit but of you do go for it let us know how it goes.

Mining is so expensive nowadays , i think it's worthless, unless you are really able to start with very huge budget. In the other hand take care of the so called cloud mining site, because most of them are just scam projects and ponzi schemes.

First off, where does it say that Hashnest is a legal cloud mining site?  It may be legit, but it is far from legal.

And that is not entirely true.  Just because you did calculations wrong on cloud mining does not make it a scam or ponzi.  Ultimately, you are the one who has to make the calculations and decide what your profitability will be, and if it loses money you have only yourself to blame.

The hashpower concentration in a few hands and the mining difficulty are real problems lately.
But if you have skills to lower the costs with equipment and electricity, it may be worth.

That's all true if you're starting to invest in mining for yourself but OP here is asking about investing in HashNest.

I don't really have any personnal experience with HashNest so I can not say anything except the fact that many people are actually invested in that site and had their profits returned about 3 months after.

you can compare price hash power after and before halving
because is not compare you can not value your site join real mining or not
if is true real mining is ok,but real mining is BEP over 90 day, if 90 day or under 90 day maybe only hyip scheme ponzy
if you have self hardware and self mining, mining profitable only price bitcoin high

With large industrial farms for mining bitcoin in operation. Individual efforts seems worthless. The miners are using 1000s of dedicated hardware to mine bitcoins in buildings designed for cooling.

yes, investing in mining is still worth it. I have a lot of friends that are still in mining business and it seems like there is no problem in investing and they are still earning money like what the should ear before and for now i think it is bigger. when you are investing, the more you invest, the more you have a bigger money to be paid by the invest in mining than what you have invested.

It's worth it, just be ready to buy and sell when prices go down and up.

I think definitely for smaller amounts yes but larger ones I would be less likely to trust and the best bet would be to invest in an actual rig run by your friend or part of a farm but I mean someone who is physically there and can actually touch the rig. That is a good idea.

why would they will create a company that would let you invest from their mining profit. First if they have no budget i think they should never try to open a cloud mining company and if they have why would they share their earnings from your simple investment if they can have it all.

Probably you're right but I don't know anyone who made a profit from mining, especially clod mining recently. I think this is not anymore profitable as it used to be at the beginning.

i am not recommended for hashnest, with difficulty of bitcoin now, if you don't have big GHS, just only 1 THS, you will not get ROI in short term, and i am not sure if you can get it for long term too. because maybe we all know that hashnest will launch S9 but we don't know when, only Bitmain itself that know how much they could profit with their S9 and they trying to gain much much profit first then if they only could gain 50 % of profit, then S9 will be launch soon.

In my opinion yes investing on cloud mining, but it is just for pasive income and not for active income. And you must make Investment on cloud mining service who can be trusted is like hashnest. And remember always there is risk on Investment.

Well, I do believe that as long as prices go down like this and you can't buy S9 hashes from there, even if you have 10 THS you may still lose money, you have to start making money by prices going up and down instead of only mining, mining is there just to keep you profitable enough to cover the price difference between buy price and sell price. I believe cloud mining is not dead but it is a very difficult now, still possibilities for early bird and high bidder.

Yes its because the difficulty of blocks are higher enough and i really see that some of mining companies are struggling to get their roi people and investors also claiming that they dont still get their capital for such a long time of investing on their behalf, so thats why i dont really see any point why we need to look for it and find it profitable so we better stay out of that program for now.

of course it is not worth it, if the website is legit you will not make any good money out of it, if it is a scam then you will lose all your money

you will surely get profit if the sites will remain for 3-4 month .
but i think the site will never goes diwn atleast for 10 month .
so i will suggest you can invest withiut tension .

cloud mining is not real mining. when you say investing in mining I thought you will buy a mining rig. but those cloud mining sites are ponzi and they always scam their costumer and flee 

Well, the best option would be to build your own rig, if we talk about home mining. If you cannot do that, here is the next best thing, scrypt cloud mining:

https://bitcointalk.org/index.php?topic=1579210.0

no after halving no as the reward is half but the pice as not changed and the maintenance fee in mining company is high till now

Invest in actual mining if you have enough money to do so. cloudmining is not worth to wast your money. 100$ is not enough to start actual mining. but I still suggest to OP(if he still didn't invested his Money) to not invest your money in any cloudmining site.



who told you that hashnest is 100% trust? do you trust hashnest to invest 100$ there? and do you know any other legit and trusted cloudmining here? I did a lot of research on cloudmining sites but sadly I didn't even find a single one.. lots of sites seems paying or promise to pay , but the ROI time will ruin your time.

it doesn't matter before or after the halving the cloudmining was dead for a long time and before that it wasn't ever profitable. the only place that i ever liked was ghash that had real hash rate and you could see they owned a large percentage share of the market. but ever since they paused their operation all the other cloudminers are only running a ponzi.

after this halving maybe there are some miners left but for me no i have not that much expense to by those huge mining monsters to scrach the market but i think after 2020 btc mining is be profitable due to the mem pool

I agree that the hashpower highly concentrated in few hands and the mining diff can be big problems for the common user, when trying to mine.
But if you have skills with hardware, you can lower the costs with your equipment and with regard to electricity expenses.

True there is no 100% legit site  on cloudmining sites and  im already used to it  to invest on those  site which  that hashocean  scammed  me almost  5btc without achieving my ROI which  is really sad thats why i dont trust anymore even 1% on cloudmining. Actual mining on your home would really cost  you a lot  but  its better than having those cloudmining scam shits out there.

It is not worth it to invest in any cloudmining site because sooner or later it will just turn to scam without getting the 100% ROI. Of course they will pay you small Bitcoin in your  early time in that investment but eventually they will run. I can say this because in the past i tried to invest also in many cloudmining and in the end they just run.

You are right cloudmining sites are  just scams and   right they are just  paying a small portion of your investment in the start but in the end   they would  ran away without   being  returned even your just capital which is a really disaster. Same as yours  ive been investing  on those sites before but now  ive stoped and  not trust them anymore.

You can trust anyone today, let alone some anon site with BTC, only way for them to be in profitable is to invest your cash in some new design or business that can generate 2-3x more in short time, so they can pay you, just mining is not so profitable, they have to pay ppl working there, renting, HW, electric power
And if their investment in which you know nothing fail or they burn/spent cash you will lose all, and in either way they are always positive :)

Mining bitcoin directly? I don't think so, unless you got a large capital. Mining other coins/algorithms? Probably, since there are coins that are worth investing and mining for. If you are gonna go and buy your own hardware, you can probably profit after a month or two but if you're gonna go and put some money on cloud mining, you are just throwing your money on the trash bin. Instead of investing on that platform, why not try to save and buy your own dedicated hardware for mining that you can manage and learn things from?

If you want to earn work hard for it. Mining is a good source of bitcoin but if you don't have the capacity to do it because your pc has poor quality then just don't force it. If you do cloud mining only the owners are the benefactor so  i suggest you study trading still risky but worth it than cloud mining.

Working is the way to go. And I know that mining is not an easy thing, since you have to monitor your hardware and make sure to change/replace settings/equipment.
But having bought miners i can say there is no more money to be made in that scene. The big boys who can buy cheaper electricity and miners can make some money but for the home miner, mining is over. A couple of years now.

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

No its not worth it anymore because of the fact the halving has ruined this, you have too much electrical bills compared with what you got.
Its not profitable anymore these days so you should not do this anymore.

The halving indeed made it more difficult but I still think it can be profitable but its not so easy anymore, you need a very good plan to make it now profitable.
Some people are still doing it right now and are making some profit so that is saying enough, its still possible.

If mining is not already profitable then there were no miners indeed but   as  of now there are still miners which  means  its still profitable as same as you said and i think those miners which is profitable is those to have mining farms, in my own view if you mine just using 1 rig maybe it owuld not be profitable i guess.

Of course, ever since from the very first cloud mining is too risky, and its not recommended anymore because all of them become scam someday maybe not this day but its possible tomorrow as long as they reach their quota, they will stop paying to their members and the site will turn to scam. But sometimes others make this as a way of gambling, they gamble to a cloud mining site and tried there luck if they can get profit just like gambling a dice game. 

since you will get a better profit of btc if site remain online after 90 days . but what if the site ran before 90 days , you will loss all your money and hope .
here the best example of hashocean scam teaches us never invest in mining site . but still you are looking for mining .

Can you giving me some reliable data or calculate about the explanation how mining is not profitable in this time?

Without miners there would be no bitcoin, so its worth to some people. Price of electricity is not the same for everyone, price of bitcoin miner equipment is not so high for everyone. They must have good profit from all that when, when they are still in business.
I didn`t mean about cloud mining, that is 99 % a scam. Maybe it can last for month, maybe two, nobody knows when they will just disappear without a trace and with your money. I don`t invest in that kind of services, and its stupid to compare mining bitcoin with cloud mining.

No now the halving has been done, its not really worth it anymore, you can still make profit but its not like it was back in the days, I would not recommend you it anymore.
Back in the days before the halving the profit was way better, you could have gained way more bitcoins than now..

To be honest, I also do not think mining is profitable like it was before the halving, you can still do it now and make some profit but its less more than before.
The guy above me is also saying this and its right, you can still make some but not much anymore.. its a real pity.

The hashpower concentration in  a few hands and the mining diff  are big problems lately . But I think if you have skills to lower  the costs with equipment  and electricity costs, it may be worth..

In my opinion i think the halving tells that mining are not profitable for some countries that got an high electicity cost blocks are getting harder and harder to get thats why many people would really say that mining is not worth it nowadays, but if you think you are in low cost electicity country or using solar panel upon mining well maybe it could still profitable for since you can mine and mine as you want.

No investing into mining is not so profitable anymore and I think because of that also not worth it anymore its just that its way too risky and you will gain not a lot anymore.
The bitcoin has a good future a head but the mining industry is not so good anymore these days since the halving!

I recommend you to keep hold on bitcoin rather than invest on mining site which has their own risk.
AFAIK all mining site will collapse, just a matter of time !


Bitcoin become more valuable so we must think smart on how we hold our precious bitcoin

I don't think investing in mining is worth anything now as its getting expensive day by day  ???

I believe its not worth it as you have hardly anything to rely on such sites or mining sources . What is important is the ROI you will get on mining . Recently there has been couple of mining sites which had huge audience and they got disappeared all of a sudden and it takes months to get what you invested .

If I put my money in any mining then it would be scrypt. Mining sites that offer ETH and DASH... with fixed period contracts then they are not worth it.

The short answer is no.
I have encountered more cloud mining scams than "legit" websites. You can make money but you have to be very patient and hope the website doesn't exit scam within the several months it takes for you to earn back your investment.
Since the bitcoin halving, mining has only become profitable for huge farms. If you are looking to buy an ASIC for fun, that's not a problem, but remember your expenses wlll probably outweigh your earnings.

It's common knowledge today that bitcoin cloud mining made more scam operators rich then customers. Which says enough.
Bitcoin mining operators use the pretense of cloud mining to make themself rich, without even thinking about their customers. It's not for good bitcoin PR.

No its not worth it anymore, the fact is that the bitcoin has a good worth but its not so good to be honest.
Mining was back in the days very profitable but rigth now its not anymore, sometimes it cost more than the profit..

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

But I believe the things will get changed once bitcoin will get higher price levels. The biggest reason why mining is not profitable, (other than the competition) the price levels of bitcoin. I agree when bitcoin prices will be growing, the competition (hash rate) also will grow, still you will get chances to make profits from mining. Get ready with your ASICs.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

I also would not invest any money right now into such websites most of them are scammers or start scamming after a while.
I think that you can better invest in something else like a bitcoin casino or something.

I think its good to invest buy your own miner rig mine altcoin that you can make more profit than mining in bitcoin.
This is more safe than investing in any site many promises but scam.. if you have a mining rig you can mine altcoin any altcoin that can be profitable..

Lets make it clear, OP headline was investing in mining. I think its good to invest in mining, if you live in place where electricity is cheap, if you have fast access to mining equipment, and money to buy all that.
Cloud mining services on other hand are like gambling, you give your money, and all you can do is wait. If you have luck you will make some profit, if not site will crash, and you will lose all you invested there. People should stay away from cloud mining, in the end they will disappear with money. That is the truth about all cloud mining services. Just the lucky ones in beginning have some profit.

I don't think it is. The halving just passed and the difficulty was doubled. A lot of rich people have invested on Bitcoin mining, do you think that you can get to their level? Even if you use all of your money right now, you'll never get on to the level of the miners that has a big portion on the total mining power. There's a lot of other investments that you can do like altcoin trading, you shouldn't lock yourself on the idea of mining. Explore other stuffs.

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Me either, I don't think investing in mining is not going to be profitable anymore because the competition of miners are tough already and what you need to do if you wanted to become profitable in mining. You need to setup a mining farm in able to get some good weekly profit in mining and you must have a lot of bitcoins to do that.

Home mining is pretty much dead ages ago, only a small percentage of enthusiasts can mine profitably.

I've heard BitMain is trying to revive home mining, has anyone tried their new hardware?

You can do the calculations yourself.

If you buy the Antminer S9-B15 which delivers you 12.93TH/s, you'll be able to earn as follow;

Current difficulty
Per day: ~0.01347BTC ~$8.16
Per week: ~0.09434BTC ~$57.10
Per month: ~0.4102BTC ~$248.50

Of course you also have to take in mind your electricity prices.

The price of one of these miners is $1540 or 2.561BTC.

Investing in the bitcoin is worth it really but investing it into mining is not good right now because there can not be made any profit with it anymore.
It would be a bad investment if you are asking me.

If you know how to build computer, you can build the mining rigs for the altcoin mining. It is still profitable.

I can't say from the first hand because I don't do mining but people I know that are into it are saying thi is no longer profitable unles you have like mining farm. Beware also of cloud mining, many people ended up scamed. But mining some altcoins could be something worth investing.

Right about that, cloudmining is not worth it anymore but I also think that normal mining on a small scale is not worth it anymore because the profit is pretty low.
I think that its not worth it and that you also have to invest a lot to do it...

Investing in mining is not worth it anymore but I already knew it was not worth it anymore, its something that was profitable but not anymore due to the halving.

It has been popular to do and it was profitable, it even was very profitable but the fact was that with all these halvings right now its not worth it anymore for small company's or miners.

But I believe that mining will again get its popularity when bitcoin prices just get doubled.

Yes, as you are mentioned after halving only very big companies are affording to mine by managing the running costs of mining process. But, personally I do believe once bitcoin prices climb up, mining process will again come into profit zone. So, it will regain its popularity and that is going to happen in real soon.

Investing into the bitcoin can be good but I think its not worth it anymore in mining because of the fact that there has been done halving and due to that its not worth it anymore.
There is almost no profit anymore in it.

here you are

Before 2 BTC for a day and price is $300 and after halving 1 BTC and $600 and what the different of that, this is always same and still with at this time.

Mining bitcoin are one of best way of making money online, though mining bitoin is capital intensive and from what I learned,mining is not suitable in most of the country that has expensive electricity. Now am study on way to mining bitcoin with minimal Electricity cost

Almost every country in this world has reasonable prices for electricity, so there will not be any possibilities of finding out bitcoin mining with appropriate electricity costs unless you are going for bitcoin mining as a corporate with larger numbers of ASICs. Only for corporate levels of mining companies, bitcoin mining is profitable right now with respect to bitcoin price and running costs.

Its indeed not worth it anymore because of the fact mining is not profitable anymore for small miners and people.
Its just that investing in mining is due to the halving not very nice anymore.

Just waiting for the evidence if mining is not worth at this time, and how you making a calculate for that. we need a real evidence for your statement.

cloud mining is scam
all site mining scammer
 ??? ???
hashocean
coince
....
....
....

Mining bitcoin right now is not profitable because the price of it is too low that's why bitcoin miners have stopped on mining it and I think they are just waiting for the bitcoin's price to go high again for them to have a huge profit from it than mining it right now. There are many sites that you can invest bitcoins like in yobit and other sites that you can earn cryptocurrency.

Like mentioned by the many mining has been the cash cow for many scammers. Seeing pop up so many cloud mining sits earned them some cash. And that is weird because by reading this forum you should now by now that both mining and cloud mining are not profitable.

Certain people don't care about what happened in the past.

They just look at the promised returns that they think they can get while in fact they will never make their money back.

On another note, the block halving has made mining in general less interesting due to the halved rewards.

Cloud mining sites have nothing anymore to offer due to the block halving.

Indeed cloud mining is not profitable at all and I think that you should not do it because of this too.
The bitcoin has a good future, the only thing is that mining is not profitable anymore for small parties these days.

Let's forget the block halving or not? Which sites before the halving were offering cloud mining services and at the same time profit?
Answer: None

Which sites after the halving offer profit?
Answer: None.

The bitcoin mining difficulty is rising very fast at the moment. So it is not profit to mine with the cloud mining.

Overall ratings, facts and info about cloudmining is bad,none or whatsoever you called that, cloudmininh is not a good place to invest with, those site are scam and their so many money has been scam by those site so people should look out for this one and dont invest on those, even real mininh industry is struggling to get some profits and so by that we can determine that cloudmining is a big ponzi/scam.

Investing on those sites are  just  a total waste of your money  hence they are just total scams in the end which they would ran off your  money.  Thats why  i turned my back on this  kind of schemes because  mining  as  of todays are  not  profitable  already and some site claims  that they  run a  mining  farm  but the truth  is they dont really  running a mining at all.

It was but right now I do not think that its worth it anymore due to the fact that the halving has been done its not very profitable anymore.
I think that if you have a large amount to invest it can be worth it but with small amount it will provide you almost nothing.

No Bro I Don't Think That Mining Is Worth Now Because As We All Know That The Halving Is Passed Now And The Reward For Solving A Block is Lower To 12.5 Btc So It Doesn't Gave Us ROI....
So I Suggest You to Instead Of Investing In Mining Invest Your Money in Trading Because Trading Is Much Better Than Mining.....

As my experiences mining is not worth it at all because investing in mining is not profitable anymore these days. Another thing is that investing right now will let you lose a lot of money most likely because of the fact that these websites are Ponzi's.. The best real way to get bitcoin for now maybe only from trading

Right now its indeed not worth it anymore because of the fact that the halving has took place and it made it for miners harder.
It cost more and due to that its not attractable and worth it for smaller partys indeed.

I don't think so... Many people lost much money on this kind of service to make few people profit some money. But many fools will still joining those mines hoping to make some profit, but they will just lose their money if they don't bring referrals to invest.

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

don't invest your money at cloud mining, but better to invest at 'real mining' with buying hardware, calculate the electric fee, difficult and reward mining, it's more safe than we invest at cloud mining. you can buying rx 470 4g the price arround $150 you can start minig altcoin then selling at bitcoin.

Cloudmining is not worth it anymore without any doubts, it has a bad future and its also that with mining its really depending on what you are mining.
Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

If I have to be honest, I do not think that investing in mining is profitable anymore because its something that can be done but is not something that is easy to do and for small parties its not even profitable any more it will even cost more..

But, things will change when bitcoin prices will be hitting higher ends. Still, who are running latest ASICs may get benefits at that time.

But, I never agree with the statement of bitcoin mining is no more profitable. Because there is no guarantee that bitcoin prices will get struck within this price range always. Mining profits always fluctuate along with bitcoin price levels. So, the profits zones of bitcoin mining is possible in upcoming days too.

Investing in cloud mining was never worth it. You'll never know if you're going to profit or not. They will run away eventually like any other cloud mining sites. The only way it would be worth it is if you invest right after they open their company and the company run more than the time required for you to ROI.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

It would be stupid to invest in any cloudmining websites because they are soon or later just ponzi's that are trying to make some good money.
I think that its not worth it anymore because mining is less more profitable with the bitcoin, the only thing that is still profitable is mining with altcoins!

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

Investing i cloud mining of any type of easy cash investments are things i try to avoid. It makes no sense to me. Because i lost quite some money now and that's why I prefer to stay away from them. And yes i can advice everybody to do the same.

Investing in physical mining is still profitable only if you are not mining bitcoin. Bitcoin solo mining is not profitable from a long time now. But there are some alternate currencies which you can mine and get the profit.

You will have to check with other miners to fix upon a single currency to mine. Monero I think is still profitable. But cloud mining is not a recommended investment. You may loose all your money. Instead buy rigs and start at home. It is even better if you have access to alternate energy source like solar panel.

As i said  earlier  cloudmining are  just total scam because they are just accumulating  money from their  investors  and  one day they would  surely ran off all of   the  money from their  members thats  why most  newbies  would fall always for this and  im not an exception on  that  since  i was a newbie way back then.

This is been talk by all of people here and cloudmining really got negative feedback for many people who experienced to invest in that kind of scheme since they know and flagged it as scam, thats why people should really listen and give some little time to read for this kind of discussion if they have plans or finding some best answer for this kind of investing scheme, and people should tag cloudmining/hyips as scam so they can save their money and not compromise by scammers.

If you are a sensible  person and do have care  on your money and  afraid  to lose  your money then  you would surely search  these  kind of  thread because  you would  like to  know  the past experiences  of some  veteran user here and  those people who already experience lose  on cloudmining sites. If you do read  this thread and  other realted  topic then  you would  be already awared and  might possible not  to be victimized  by those schemes even if you are a newbie on bitcoin world.

You are right with it there are newbies that are getting wrong for the description of 'mining' because there are some people who are inviting them to invest in cloud mining as it is just like the same as 'mining'. But they are very wrong with it for it is just a scamming scheme just to get their bitcoins. And for the real mining, I would say it is still profitable but your profit will just be putted into your expenses like electricity and other expenses as well.

Let me one is correct, profitable or not.... may the best answer it's depending on your condition... I can't just a blame if bitcoin mining is always nonprofitable or another like that, need a more researching about it and I wanna know more about this...

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

heck yeah it is.. u buy it and mine it

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.

I agree with you,  no matter  how hard  we  advice or  say to  other people that cloudmining  sites are just total scam they are  just  keeping  on investing to those scam sites and we  cant  do anything about it since its their decision  but  they would definitely blame theirselves  at the end  and keep regretting because  there greediness lead to this kind  of mistakes. They should  listen to those experienced  user  because   we do already know the  results of these schemes.

The investor of cloudmining sites will not vanish since their some newbies whos been fooled by junkies to invest at those sites, and im sure if theirs no referral hungry people no newbies will be scam by cloudmining site, and we must remember this importantly all cloudmining is scam and theirs no good profits that we can get since they intend to scam not to give us profit.

Those referral hungry people  are  also the main problem here  on bitcoin world  regarding   on  hyip and ponzi sites  and these people are not  newbies they are actually veterans which  they  make advantage to other  people especially to newbies to let them convince to join a  particular cloudmining site  which  they couldable to earn  money with that without risking any  money  came from their  profits  which is a really wise thing  that they do.

Yeah I heard from the other that mining is not worth it.. should invest on other way like trading just like what most investors do.

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

I think it was greed that invented the cloud mining and made it worse. The initial idea was good, prefunding the miners, but then people saw so much money coming in and they started with schemes to steal from investors. Very sad and we can now saycloud mining is officially dead.

Its long time dead since the blocks are getting harder and harder to get for the past years and this succedding days, and i really believe that those site who runs a cloudmining service is totally ponzi and no real hardware attached as proof, so thats why i didn't look for any investment sites for now since mostly all of them are scam, they only intend to victimize those newbies siNBCe they are prone to be a victim for their evil plan.

I also think its okay but if we are indeed talking about cloud mining its the baddest thing you can do honestly because investing in mining is okay but cloud mining is just one scam party

Setting up a mining unit or farm is not feasible to all of us, a very big capital amount must be needed for achieving this. That is the reason people are simply going for cloud mining and most of them are struggling with that. Investing in mining still worth if we work in group like many people are forming a big team and will be working on setting up a mining farm definitely will bring us good profits.

I did it till this time and I never think if that is not worth in, this time, dude. please, you can try mining before making any statement about the mining. show me your proof about that. and i wanna for believe you.

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Do you think it will be more profitable to those solo miner? Well if yes then they should do it, but its very difficult to set up and start up for doing that since it can cost up a lot and might we cannot earn profit with hardwares since mining difficulty is so hard these days, but the idea to have hardware is great since i think it can save the money of the people to be scam on cloudminings and also seeking for experts advice would provably help for building up some rigs.

Mining  altcoin would somehow a good idea  if you intend to  keep those coins for  long time  and also there are alts  which is somehow  profitable   on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

Altcoins have been a very hard game to earn money while mining it. There is ETH and Monero which gives you a decent ROI or the new coins which are quite hard to mine because you never know if they become a succes. I would therefore rather trade then mine.

That's why mining for now is not a good idea for us to invest on since the roi and difficulty much getting to be worse and we cannot actually get some huge profits for it  and that is one of the reason why we can point out that cloudmining is not profitable idea to put on our investment, so better erase in our heads that still theirs miracle of earnings on that scheme.

don't invest in cloud mning
because majority not real mining only scheme ponzy, only wait to scam
is good self mining, but altcoin is good mining, very dificult still low is new coin

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Mining is good and I think that its profitable and worth investing in it too but with the bitcoin its not worth it anymore indeed because of the fact that its not something that is easily done and due to the halving the gaining are not even profitable anymore..

It's good and profitable for big business. They can make a big investiment and buy many equipments at same time (cheaper), they have special places to set their equipments (cold places), so they can make profit with it mining in big amounts. But for small miners I think this kind of investiment doesn't worth anymore. Alone we can't compete with a big business specialized on it.

Well for now its still profitable to mine bitcoin depends if what place you live and i think if you are starter.. better to wait bitmain to release a new hardware so that you can mine latest and highest speed miner than miner s9..
I there is other miner that can mine more than 14 th/s.
Or for alternative build a miner rig or GPU mining to mine altcoin is more profitable since you can convert to other altcoin if you experience low revenue for every mine..

Please you can let me know about the cost for building the solar panel, right? i never think if the building a solar panel is so cheap in this time and i never believe with that in this time. because for building the solar panel is so taking a much of amount in this time. you're so correct if we are be able for get a free energy with that but we are need for considering or calculating with the capital for building the solar panel.

Investing can be okay because these altcoins are still profitable to mine and I think the profit is pretty nice you can make with them.
With the bitcoin itself its a whole another story, I think that its not possible with that one honestly.

Sure it is. An ordinary home rig with 6 ATI 480x GPUs can generate something like $11 per day. Depending on your electricity price, you can reach ROI in about a year. Show me some other business or investment opportunity where ROI is 1 year or under. In the world of investments, 3% a year s considered a very sound and acceptable option.

So yes, I d mine a lot at home if I could.

in my opinion in the current time no one is best way to get profit from such type of things .
since hashnest is not new but it is also from long ago and i think you got your return of your investment then it is like a gold .
but i think to start again with new investment , is not a cool idea .
you should take earning profit of only your previous power .

The only profitable option I have tested is Hashflare scrypt contracts. Mining Litecoin s much more profitable. Let me know if you need help or have more questions.

if the cloud mining is the option to mining, then i will say that its not really worth it if we still mining bitcoin, but if we trying to mining altcoin, then i think its worth it but its depend on how much of hashrate you have in your account. because the more big hashrate you have, the more coins you can mining and you can get profit with that coins.

but if you want to mining with real hardware, then you should calculate the fee of electricity first then if you can handle it, i think you can go for mining but don't mining bitcoin, just mining altcoin.

Yes its still worth it if you are doing it in the right spot as a example mining with a good altcoin can be very profitable for sure.
Altcoins are these days good and can provide you a large amount of profit by simple mining.

Depending on what kind of coin your mining, if you are mining on altcoins its still worth it without any doubts.
But I think mining on bitcoins is not worth it anymore to be honest.

It depends on the electricity price. If your electricity price is lower than most of the big farms, you can mine.

HashNest pays really little, i recommend hashflare.
Always pays me instant, get a confirmation thru email so nobody can steal your BTC (unless they know ur email password)
I have been paid always on time hashnest i lost on alot.

Absolutely it was just so unfortunate sometimes that our countries can certain affects for the things that we could possible do. But the thing their is that we do have acceptance. I guess that it was also the main reason why cloud mining was build and was just being used by scammers.

Electricity rates are important for sure, but it doesn't depend just on that.

It's the combination of many factors that you have to take into consideration when you are planning to start up a (small) mining farm. And yes, electricity is one of these factors.

In order to get yourself in the green (as in making profits), some sort of mining farm is in fact a necessity with the difficulty constantly breaking previous highs.

Another thing is that you need to remain competitive in order to maintain your position at the same levels by adding extra hash gear to your farm.

I was thinking of getting into mining but into ethereum (the one that is increasing well and not the other one, classic one I think). Would be looking into buying some gfx cards and not letting it get out of hand. So one board with 4 cards would be it for me if I ever get into mining. :)

Totally wrong, you need for considering the difficulty of the every coin in this time, I guess having a different difficulty for mining, but the altcoin is not in the high difficult and I think if it's still profitable in this time without considering about the cost of electricity in your place.

The only area where investing is still worth it is the altcoin mining with GPU-s. You can mine ethereum, Monero and a few other altcoins which are at least for the moment profitable if you mine with AMD RX cards from 460 and up.

So for this you need at least 2000 USD to build a gaming and mining computer as it can do both with Crossfire of RX480.

The only question you have to ask yourself is ,is it worth to spend 2000 USD for such thing ? Unless you have free or nearly free electricity is. Otherwise it is not.

I agree with you, and ethereum's price is stable although difficulty of ethereum is increase but still there is a little profit on there. So depend on to people who will make investing on gpu hardware, because electric's price on every countries are different.

yes that is absolutely that i am trying to say. People do always have an shortcut ways to earn that may lead them to making decisions that is against the law of the world. Yet if more and more users started to closed their mining platform i think it would be very fatal to the industry.

Most people do really love to  go  on shortcut ways  to earn  money thats  why many people would  do fall on scams because  people would tend to use that  weakness against  to the  investors  who really loves  easy  money. They are  being fooled   because  of   seeing good  returns  which  is not  true at all  on the long run.

Mostly people who get caught by that sitr is those lazy people who wants to earn money by doing nothing and totally that is the very bad doing since they are making theirselves come near to the wrecked site and provably they can lose all theyre money if they still looking up a chance to earn on those scam site, and the very best thing to do and i can say effective is the hardwork.

Simple question: does anyone here know 100% real cloud mining service created in 2016? Service which offers serious contracts, has impeccable reputation and is proven to be paying?
I used to monitor cloud mining companies but after I noticed that this business is scam magnet I lost my hope. It is better to switch to casino bankroll investments or ICO.

True, That is why we should have to be more vigilant. Investing is really not good but is really a nicest idea i ever know to become rich but what happens right now is that people who has bad intention is also using this platform.




that it is why i do prefer sometimes to do the hard ways of getting my amounts. Being lazy is good but not sometimes :) especially if we are dealing on the food that we eat.

Yes I agree, after before I know this forum, I ever invest and got scam from cldmine, 7cly, hashocean, and many more. After that I will never invest on cloud mining again. I more recommended to put your coin to save and hope the prices is icrease. Casino is make our heart like F1 formula.

Hashnest meets most of your criteria, besides the one being created in 2016. Still, they re rock solid in terms of reputation. The rest is shady at best or no chance of ever reaching ROI like Genesis Mining.
I do use a few alternatives and have even reached ROI on one of them but this is not something I could recommend unless you re ready to accept particular risk.

Well, I´m using hashflare.io´s scrypt mining and ive heard ppl been using their service over a year now. guestimate ROI on scrypt is better than any other contract I think and its around 6 months plus..

edit* not suer why u want a service that have been created 2016.. if they have been created earlier, i´d say thats more proof they are actually gonna stick around..

Nowadays its really not worth to invest in any cloud mining sites as they may pay you in short term but you cannot expect that the results would be the same in long run as most of them will scam you and run away with your money.

We'll if you really planning to invest in cloud mining i will tell your what, investing in cloud mining is not really profitable it's like earning with your own money while waiting your roi (return of investment) and if you really want to have a profit then learn more about trading. It's really more appropriate when you learned or had skills already. 90 days is a not good when you are choosing long term of investment some of investment site are really turning for 10 days.

As stated cloudminings made by year 2016 are totally suck and surely it was been made to scam people to gain for their own good and that thing we shouldn't look up for so we can ensure that we are away from the frauds, but i think cloudmining before is profitable since difficulty per blocks at that time is not really difficult to catch,

It basically doesn't matter whether or not a certain cloud mining site looks legit, with the rewards being cut in half there is barely any profits to be made (e.g, not an option since chances of ROI are not there anymore).

If you look at the difficulty, then it has been going up to very high levels in quite a short time. And that while people were expecting the difficulty to plummet after the halving.

Just out of curiosity, at which cloud mining site have you managed to ROI?

Are you not still learning from the hashocean incident? That has been also trusted by the people for a lot of years but things go wrong when they are able to get the trust of their users. Hazir is right, it is still worth it if we are going to switch with casino bankrolls, but with ICO's I'm still doubtful with it because there are some to be scam too.

Daily there are many scams out there with these mining companies, as far as i know just now paying website on time is genesis and ebot both of them are promising and paying. But their % is low. Better find the one which is paying good for long term investment.

Actually its really hard to trust  any  investments as  of  now  because   of scam out there  and  there are really people  would  do anything to scam   anyone for the sake  of getting bitcoin. Hashocean  is really a disastrous  one  which millions   of  dollars  are being scammed on that  one  thats  why  i dont  ever   trust again to these  kind   of schemes again even how  reputable they are and  how  long  they are already  operating. Better  to  invest on clear investments  .

Investing in cloud mining is not really work it's like your investing your money and then earning in your own money you are just playing with your money when you are deposited your bitcoin in cloud mining hmm i think it much more better if you are going to trade it is really profitable or invest your money in gambling like casino.

Investing in the cloud mining site will earn you money. But invest in the cloud mining will lose you lots of money.

You can't calling put your money into the cloud mining sites are investing because that's look like you're just buying a power from them with your amount and your amount are totally will be empty.

Just simply stay away from those cloud mining websites, they are just getting the trust of people if will earn from them for a few times. But after while they don't have any aim to help you but just to scam you. Just learn the lesson from the past incidents of big and so called trusted cloud mining websites, simply learn man and stop investing in cloud mining.

I don't think that investing in  mining still worth cause maybe one day the site close and run with money like Hashocean.
Btw,  the sites of cloud mining are totally risky
I prefer to make trades or gambling than investing in cloud mining sites .

Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.

Mining is different from virtual mining or cloud mining. Mining with your gpu are more legit that those cloud mining, but it won't be profitable anymore because the difficulty for each block increased.

And yes, it is better if you are going to invest with trading rather than these scam cloud mining sites, just avoid them.

So that your bitcoin will be secured and not turned to be donated.

CLoudmining  are  just a waste  of money  and  we should  not   really  invest  our  money on it  in the first  place  because they would surely end  up  on scam  because   they  are just  another   ponzi site as we all  know  that are scams. Having your  own  mining farm  is  no joke because you would need    huge amounts of  money   because  asic miners are expensive and   you should consider  on the electricity  cost  on your country.

If you are going to invest in cloud mining then it's better to do gambling than to invest your money and earning from your own money it's like you are doing some stupid things in your life. If you can't really do some good things then you should atleast goo with tradings investment in mining is not profitable with cloud mining i swear.

Its no joke really since the profit you can get is depends on which country are you at and also the maintenance fee of your miner aswell as the electricity cost might be higher rather your proifts if you are living in the country who gots huge electrical cost, and its not easy to start up if you are planning to build that since mining difficulty is even got difficulter, and ponzi cloudmining is just scam and we should not invest on them.

Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.

No Bro Mining is Not Profitable Now Because the Halving of this Year Passed and the Reward For Solving a Bitcoin Block is Halved and Now it Doesn't Cover Your Expenses.....
So I Suggest You to Don't Try Out Mining And Instead Of Mining I Suggest You to Do Trading Of You Can Also Do Some Other Business But Don't Do Mining......

But most of the people here doesn't have good hardware so it means that investing in mining is not going to be worth it at all. Because even you have good hardware, consumption of electricity is going to kill you. The monthly billing of your electricity is just the expenditures for your mining so that is not worth it at all, but it depends on your place if electricity there is cheap.

Yes, both initial investment for bitcoin mining hardware and running cost for it will not be in affordable as per current bitcoin price levels. Maybe situation will get changed when bitcoin gets more appreciation. I heard latest ASICs are very efficient against electricity consumption still growing bitcoin mining difficulty will change things over time.

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?

Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.

Better try mining instead just make sure that you have the right equipment for it.  Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.

I agree, based on my experience since 2014, i never had a ROI in cloudmining.  The company tends to shutdown even before I have my capital returned.  With experience in mining, I think it depends on how much your electricity is.  Cheaper electricity will be more likely to have profit while those that have an expensive electricity  will never be able to maintain the mining operation.  With regards to renting hashes, it depends on the profitability of the coins.

I had different experience with the CEX, they have not shut down their mining process but temporarily stopped but before I was reaching ROI. Fortunately, I have recovered 50% of my investment only even after selling all the altcoins, I got like namecoin (these were too got mined along with bitcoin mining).
Hopefully, they will resume their services when bitcoin will be having $1000+ price levels.

Well i am sure about that, but if you are serious will building a bitcoins mining solar power make sure you have got the informations about the maintenance of hardware solar panel, maybe on your country it is profitable because on in my friends experience it was not profitable because of cost maintenance of hardware solar panel.

All this is BS talk. If you re capable to invest millions, then mining s something you should pursue since competition s really harsh. If not, if you d like to be a home miner, then build a few rigs and have fun, you ll probably make some money but this can't be your solid and constant source of income.

Mining with altcoins is still worth it depending on which altcoin, mining bitcoins is in my eyes not really worth it anymore as fast mining method.

It depends on the capital and electricity costs. But I think it'll be too expensive, perhaps there are better chances for profits if you consider the possibility of mining some alts, as sugested before.
If you ask me which coin, there are people saying that ZClassic is profitable atm.

Even, I was read on some reliable article about the solar plants building cost. I might have said if that's not suitable in my mind.
The minimum cost for building my own solar plant are $10.000 and it was taken over 20 years for ROI, but I call this just saving some of my monthly bills. The solar plant might not have worth in this time.

You hear about  solar roof used   on houses? Those even  cost  almost $8000  which means  it  would   took  up  long  to reach your  roi .  Hardware  mining would  be  profitable  only  if  the electricity  cost  on your country  is  cheap if  its expensive  then  dont  bother to do  mining  farms.  It would be useless and  just wasting  your  time and  money.

Ya your are right.Is not people don wan to mining on their own by for the person like me who live in country that charge High Cost Electricity for a month,mining is not recommended.The other alternative is solar energy that can generate electricity but the cost for build this is totally high.

I put your question differently. What if no one engaged in mining? Mining is important because it continues the production of btc. I believe that it's till worth it someone to invest on mining but also I know that doesn't have many benefits but we specify how many and what benefits it will has for whatever we do.

No one is here suggesting not to engage in mining. Some people are suggesting not to invest into cloud mining as it is not profitable in quick time. ROI may requires you to wait around one year.

No it is not worth as per the current bitcoin price levels and its mining difficulty levels.
Mining is a good business if you are able to invest in industry level. You must need more number of latest ASICs to have decent profits out of it else it is highly suggested not to try it.

You can earn more bitcoins by investing in the altcoin mining  then sell the coins for the bitcoin. That is more efficient.

So where do you mine that?  Does any  cloudmining site offers alt mining?  But for what i've seen genisis mining offers zcash but i think i see some people claims that it is not worth it to go invest on alt mining on their,  but if you have an hardware to mine alts well actually you can earn some profits with that but don"t expect for it to became more bigger.

I think it is best to mine bitcoins rather than any other Alternative Coins. That was just my opinion. Well since bitcoins price is in his high's now. We can say that it will generate more profit over your expenses and the demand of bitcoin is continuing to increase making it suitable to hold your mined bitcoin and sell it in a much higher price.

I think yes. I'd manifested on that site abd I earn profit. More profitable if I am using less electric power cost.
I have invest $500 dollar on last month and now I'm gaining profit then put it in investment again.

Investing on hashnest is also a good thing though but it wont be a guarantee to last forever and also mining difficulty would be the  problem you will experience on the long run and you will surely notice it when your profits or earning will be lessen.If you do have the money and a low electricity cost on your country then mining would be a good move but suggesting a cloudmining site,i dont think so.

Even many feed back that has making it as positive cloud mining site. Still we can't remove the bad reputation of cloud mining. Just always learn from what happened from the past and we will all be guided. There are just some people who are willing to take risk in accordance for the possible profit that they can made from it.

IMO even if the outlook of investing into mining is a bit good because of the price, I wouldn't put the majority of my investments into it. Remember, it's not only the difficulty and the price that's at play here, it's more complicated than that, and I see it as not worth the trouble.

I think you should invest with only small amount so that, if ever that mining is scam, it is not much lost. Also, if you really want to invest on mining, ask its users and some reviews. Most of mining bitcoin nowadays tend to scam many people.

I don't think that is how people invest in mining because you can easily be stolen money from those sites. If you want to have a true investing, you need to contact mining experts and ask them how to set up your own mining system. The ROI would be 6 to 8 months but you will never be scamed. Try to stay away from Cloud mining, they are definitely scammers

Yes, doesn't matter the amount invested, big or low amount, you won't see any profit on it. The cloud mining initially, offers a average income that could result in a 1 year ROI. But as their income lower each new day, at some point this is impossible to happen. So, investors never know when they will hit ROI or if they will really hit ROI...

Obviously most of them are ,and mining now is not profitable in any case even if you want to mine altcoins then also you need efficient miner hardware.so its better to stay away from mining, if you do not have good backup or unless your earning is totally dependent on cryptocurrency.

Yes I agree to this because the profit of mining has decreased significantly but been that said if you are mining with a lot of hash power and you have electricity free (well, some countries like India I heard people are doing something and getting free electricity) or very cheap then you should try it and you will earn good.

Mining is pretty much like a music chair game - there will always someone who will be eliminated in each round. To succeed, you have to be above certain percentage when it comes to cost control. If 20% miners are bound to lose money this year, then you need to raise your percentile above 20. As simple as that.

Well another option for them is to have an solar panel so they can lessen the electricity cost eventhough they are not on india, and i think i've read many people doing that and some of them got really huge  profit from this doing,  but for the other country well surely mining is not for them since electricity is the most expensive thing they will encounter and also the maintenance fee will be follow.


And the difficulty should really we need to look up so we cannot be fooled by any frauds who make a cloudmining scam as a business, its not worth to spend with and surely they will take our money if we go continue to invest at them,

Forget about solar panel - the initial investment factor is often underestimated. And if you look at China, the reason that it dominates the mining game is not that it has the cheapest electricity but the low cost of building a mining facility and cheaper price to pay for hardware.

Solar panel takes forever to ROI.

And mining of alt coins would give you profit more and the time when you collect some coins the price would fall of the altcoins while with bitcoins at least one thing is sure that we wont face loss with mining due to the price of bitcoins. I did some mining earlier (last year ) and was quite good then I sold my mining equipment.

It is true that bitcoins miners are desperately needed brother but other than thinking emotionally we also have to check if we are doing mining in loss or profit, yeah a friend of mine whom I encouraged to buy some mining rigs and mine said he ended up in loss. Though he never regretted since the price of bitcoins saved him :)

It's not worth it. It wasn't worth it last year too. Mining won't get you more coins compared to buying and holding and the risk of a fire, theft or any other equipment failure is too great. It would've been different if the hardware sellers provided some kind of a warranty, but they don't and people are still buying their product like crazy. What would you do if a store you bought your pc from told you there's no warranty? I bet you'd never buy it.

It's a very specialized business. There are many factors that make it difficult for new users. In addition to those already mentioned, such as mining diff, equipment costs, electricity cots, there are other factors that also make a difference, such as the cost of sending the equipment. This makes the cost lower for people who live near the manufacturers.

What kind of store that either that doesn't provide for the pc that you'll buy with them. It's a protocol to all stores that they need to provide warranty for their consumers, you can make some complaints to the Trade Bureau in your country for that store. And with mining, it is a fact that it is not worth it to invest with it, unless your electricity is free and your hardware is not that expensive enough to buy.

For the same reason I always prefer mining my own than asking a site to mine for me. Think logically, why would a site mine for you and give you higher amount of coins ? Simply makes no sense as they would take fees. Plus there is a risk that the cloud mining site might be ponzi too :(

It is logical for me as a miner hosting service provider though - investing in a facility is cheap compared with the cost of hardware miners. I invested USD 25k to build up my one-megawatt facility; but if I want to fill it up with S9s, that would be 1 million dollars. It just makes sense to rent the capacity to people to take full advantage of the capacity.

It is not good to invest in cloud mining because they will buy hardware with our money, they will start mine bitcoin for many years and they will send only some % to us, it will take lot of time to get your returns may be it will take nearly more than one year and suppose in between what will be company status nobody don't know. Too risky.

Investing into building mining rigs can still bring you some profit IF you have cheap electricity, around 5-6 cents per kwh. Anyone above that is big risk and I would not touch it.

What do you mean "building mining rigs"? Do you mean building and reselling GPU miners - quite clear that it is not feasible for ASIC

In my opinion, yes investing mining is still worth it and profitable. It is profitable, which is why so many people are doing it and global hashrate  is floating around its all-time high. But every two weeks the mining difficulty is adjusted, which has the effect of keeping mining right on the razors edge of profitable. The biggest factors determining profitability are equipment costs, the price paid for electricity.

I think he means buy the ASIC and mine. If your electricity is just 5c per kWh, that will be quite profitable.

in cloud mining then not really as you might only make a small profit so if that ok with you then yes but it better to buy your own mining equement   yes it cost more but at least you now you not making someone eles some free money so I say it not worth it and if you want to invest you $100 on somethink else that might mae your more money like loans.

Why does it worth? If you just hold your BTCs for some time you will make a higher profit than investing in such sites. People are always investing on it, but they are always complaining about it later too. They think it's possible to earn a decent passive income "lifetime", that is why they are investing on it, but when they know the reality of the facts, they regret a lot.

Some people don't have patience to always keep holding their bitcoin because sometimes waiting for the price rising took an age. And mining is really worth it if you build your own rig at your home and try to mine a coin which has pretty easy difficulties and having decent value. It's just about how you can manage to make the profit out of your investment. If you looking for a safe zone then just hold your bitcoin maybe investing is not suited well for you

Yes I agree, too many problems when we investing to cloud mining, according my experiences invested in some cloud mining need more than a year to get RoI. Sometimes I don't know, why if the price increase but the result is down without reasons.

It can be worth it but its really depending on what you are mining altcoins are still profitable but mining bitcoins is not at all for sure!!

I agree mining is still worth it, every dollar but not anymore with the bitcoin because its just going to slow and will cost you more electricity too.. not worth it anymore due to that, for altcoins there is still hope.

Mining is still worth it but the fact is that you should indeed not doing it anymore for the bitcoin itself its just not profitable anymore with it, for altcoins its pretty profitable if you are having some good mining equipment.

You are right and now i really consider that thing regarding on mining nowadays i think mining altcoin would be the best alternative and i dont have any interest on bitcoin mining anymore since the difficulty is already high to consider even how good the miner you have.Investing on cloudmining is risky.

Investing is worth it but you need some good equipment and the right altcoin to do this, if you have this it is worth it but you should also not blindly invest in it by the way.

There are many variables that, depending on the miner's situation, may facilitate or hinder the process. There are factors related to equipment costs, maintenance, electricity, and other factors that some people ignore, such as equipment shipping costs. This means that those who live near suppliers, generally have a competitive advantage.

Yes you can make good money but you have to wait some time in order to make good money, For that you need to spend more money on equipment, electricity, fees etc. Once you are fine with all these then you will make some money in long run, but you need to do complete calculation before buying any equipment.

Mining is profitable if you'll be mining alt coins ( bitcoins I doubt) and later sell them for bitcoins. This depends on a lot of factors and of course electricity is one of them so if for instance you have access to free electricity ( solar source) then even bitcoins mining can be profitable to you.

The solar source is so bad, every square panel were worth for 200 - 300 watt and this was a new model. But like the Chinese people do before, running about the silent mining farm and it means they can get a pure profit without think about the other factor will decreasing their profit.

Investing in mining sites is not worth it anymore because also of the halving effects. The owners will just use your own money for their own good, they will just take over it. Mining is difficult now because it consume times very long and will just pay you a small amount, you can't get the returns.

Investing is good no matter what but I would not invest in mining anymore, better invest in trading from altcoins much more provide these days.

What amount approx: a miner needs to setup his own mining system with high hash rates that could be profitable for him. Assume electricity price low as 4cents/kw. How much amount he should have to have his own mining hardware system??

Totally crap, You can visit the mining section and read more about them if you have an apartment and you can run it with a lot of the benefit. Some bucks every day will sign into your pouch.
Profit or not, it will need more calculation because bitcoin is math.

I assume you are talking about cloud mining sites? If so, then you're definitely right. With current block rewards it is a waste of time and money to buy yourself hash shares.

Not only that, you also have to keep in mind that a cloud mining site can just decide to tremendously increase their maintenance fees which will result in your rewards vanishing.

Buying Bitcoin has always been the far better option. Look at the price right now, if you bought months ago, you would have doubled your money as we speak.

I think, for the moment, it is very difficult to find a reliable investment Minning. it might be better to do a hard Minning. although it has a high price, and revenues that are not too large, however, you yourself will manage the Minning. So, the maximum results depends on what you intend to do.

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.

It's not "insane" back then. The price of bitcoin back then was really low so even if you own hundreds of bitcoins from mining, it's still not huge enough to be called insane. But today, that very same amount of bitcoin can surely be called insane amount. I think people from the future will have the same perspective about our mining right now. But since we do not live in the future, mining isn't that worth it unless you can wait for decades before you sell the coins that you've mined.

The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.

There is no guarantee in mining, Be it statistics or guts. Mining from 2012 to this day is all about taking a risk: gambling. Some win, most lose.

I would say it's worse than gambling. At least in gambling we have the money under our control all the time to choose how much to bet, which game to play... And we can withdraw our money any moment.

With cloud mining, we need to send all our money to the site to buy the mining power and pray for a good result in the end. As you said, few will win, many will lose. Currently it's the worse kind of investment in my opinion.

I want to know how these companies know how much hash power to add to what you have to maintain steady income. They don't really tell you this, not that I know of and this is bad. They lack transparency. I think you will be better off investing in a casino instead. You can make more and it will be a stead growth over a few months.

As you see from the first page until the last in this topic, peoples said investing in cloud mining is not recommended anymore. Most of cloud mining site is end scam.
Better invest your money on trading. You can control your money by self. It's just need a little bit skill about knowing how the market or price move.

Yup unfortunately the OP want make investing in cloud mining on hashnest, i don't know if buy hardware miners for him, it is worth or not and i don't know for right now investing on cloud mining is worth or not especially on hashnest.
Because in my experience made investment on hashnest was not worth.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

Bitcoin mining is still profitable but the global hashrate is floating around its all-time high.The biggest factors determining profitability are equipment costs, the price paid for electricity and the value of the bitcoin you mine. Technically, it is profitable to mine. But you have to leave the bitcoins you mine in bitcoin, rather than convert them to dollars, because only an increase in the price of bitcoin will ever allow me to recoup your initial capital outlay. So just take it as an educational hobby, not a business.

Instead of buying mining machines why not be just buy bitcoins in this rally toward $1000 price levels, for some quick assured profits. I guess the cloud mining days are gone and to mine alt coins we need to consider many factors. So, instead of investing in mining, I like to stick within investing in bitcoins itself.

Nope, because if you have a subvention about your electricity and it can give you some dollar every day, and just sit on your little toy. Everything needs calculation and analyse before. It can't be getting the easiest agreement.

I have invested in an U2 antminer...
and suddently it was not profitable...
I mined as well with my computer...and suddently it was not worth...
All goes so fast.

From what i had readed into the hasnest page, if the miners they run does not give profit you can claim the equipment paying the fee, as long you have hash enought to claim a s7 or s9, soo if something goes wrong you will be able to get those equipment, soo in the end you can mine for 5 months and if for some reason you arent able to proof with your miner, you can get it and sell it cheap and roi with that. Sure cloud arent the best way to invest, but some had tryed lucky and till today they havent regret.

Yeah they'll give you the units, but you'll pay for the taxes and shipping, and mind you, this ain't cheap.

Anything that takes your money and gives you less than what you expected is considered a scam.
They can make it look all nice and pretty but in the end it is still a scam job when they pull the wool over your eyes.

Your definition of scam seems new to me, still a deviation from the promises could be considered as scam yet some proper explanations may delay that conclusion.

I strongly believe cloud mining industry is going to flourish again by considering the recent price surges of bitcoin. Still we need to choose legit and our responsibility again decides our profits.

With all these variables in the game, it's easy to realize that it's not a business for amateurs. At first people were mining easily because there was not much competition, but today it is a very specialized business. I think for the average user, it would be worth with solar power, but still the initial cost would be very high.

Not at all since the difficulty level is way too high for the average joe thereby its profitable only if you run a huge running farm with low electricity costs.

I do not think so because along with bitcoin price levels, the mining difficulty also keep on increasing so there will not be any significant possibility of making profits out of bitcoin mining. I guess this tug of war will continue at whatever height that bitcoin prices may reach.

The only solution would be : mine and save bitcoins. In future, you will get your ROI along with bitcoin price appreciation.

But if you have a cheap electricity or living in your apartment and gain some free electricity and try to buy r4 and just run it on your apartment and you will stay in there with over $50 a day. You need more calculation for make a conclusion the bitcoin are not profitable for doing mine.

This does absolutly not matter with my cloudmining system because I have no miner working.
My U2cloudmining is virtual and virtuality do not need electricity (lol)
How much is virtually mined daily?
21000 satoshi or so.
these 21000 satoshi are not virtual...they are real.
For my members it does not matter how the satoshi are created...miner or not miner is not the question (lol)
The question is real daily 21000 satoshi for free.

Of course mining can be profitable, if you're a mining rig manufacturer and you build the mining equipment and then use the new hashing power to mine to new difficulties before selling the rigs to miners overseas. This has been going on for many years, ever since ASICS and such went into use. Sometimes the manufacturers even delay your purchases after you order them, I presume, just to mine more bitcoins before they send you something you likely won't make your ROI on.

New coins I could see being profitable, but that's a gamble of course, as there's new coins all the time and most suck.

Really it is going to be game-changing because what is the use of investing in the cloud mining, getting some % of returns on your investment. It is better to invest in Bitcoin because already we have seen Bitcoin price is kept increasing in the market, better to invest in Bitcoin instead of cloud mining.

yes, but not all place have cheap electricity and we should calculate it first to know how much the electricity fee in our home. and I think if investing in mining still worth it to try because I am sure that there is a coin that still in low difficulty so we can mine that coin and wait until the price increase higher. but I think the difficulty is how we can choose the right coin that will bring us a big profit and I still thinking that mining bitcoin still worth it if we have a big hashrate to mining.

If need to start the mining. First invest your money. Mining is good investment. But you will know the mining process. Mining is network process. So it careful to use. Check the mining ruining process. It important for the mining. It connect the form. Network is helpful to connect. Before start the mining check the ram.  Ram is important for the cared. check the ram. ram is important for the mining process. Mining is need power and cooling place.  

In fact, investing in cloud mining contracts was never profitable. According to my experience, they mostly have no mining hardware in background and even if you find some legit miners, it is still not good to buy these contracts as nobody have profits from cloud minings so far, instead of cloud minings, buy your own hardware and start minng altcoin at home