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I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

I think you are trying to go for mining with wrong time. Because already bitcoin mining is hard day by day and quite time taking to recover ROI.

Now a days Bitcoin is quite hard to mine because of increasing difficulty level of block as well as reward for block. Better way can go for alternate algorithm to mine other altcoins and then can exchange then to get bitcoins.

you should never put your money in any cloud mining sites because they are all going to be scam one or the other day. you should buy your own mining rig so that atleast you will not get scammed. but still, mining is not really profitable. if you really want to invest your money, you can do trading with some profitable altcoins like ETC currently, or start lending to earn profits from the interest rates. btw, you have made this thread in a wrong section bud. mining section is not made for cloud mining discussions.

no, as i already said that all the cloud mining sites are a total scam.

Then any Bitcoin or other altcoins cloud mining platforms are efficient?

how about it https://hashflare.io (https://hashflare.io)

Stay away from Cloud mining Buddy. Just look at the recent hasocean scandal. In my opinion they are all just scam sites. It is a ponzi scheme and will eventually go broke.

I would recommend saving your Money or even try some alt coin trading on your own.  At least you will have full Control over your funds.

Okay, but in my minds is better for rejected your intentions to put your money into cloud mining site,but reading about the another person experience about one of the cloud mining sites.

https://bitcointalk.org/index.php?topic=1576890.0

Mostly cloud mining are scamed their users, if you wanna make Investment on cloud mining service. Make sure do with you can lost it, you should wait until (ROI) return of Investment.

now days cloud mining sites are not profitable , and also lot of cloud mining sites gone scam. genesis and hash flare are giving very less ROI and not sure when they will go scam. best hold bitcoins and price of bitcoin rises you can sell it.

This time is not suitable for investing in cloud mining , because most of sites have reduced the payment rates , therefor you might wait for long time to get your investment back , even genesis mining is not recommended . I don't know if there are other coins worth to mine , but if you insist on investing in cloud mining you can search for a new coin with good price , which will be better to mine than mining Bitcoin .

Try out minergate instead because you can mine altcoins, this can be done on an ordinary pc rather than having to buy expensive hardware. This is more likely to make money than cloud mining. If this works well for you you can buy more hardware and gradually scale up.

Don't even think on investing if you don't have enough money to invest. It will take you years to get roi if you start that low with the current hashing power that cloudminings are offering.

i'm doubt you will ROI for your investment because most of cloud mining are HYIP or Ponzi currently even many people will says it's safe but in fact that was scam and you must be heard that there are several big cloud mining sites are become scam and last time happened is hashocean they dissapear with full of money on their pockets

In my opinion better to dont invest in that site or any cloud mining site because you will never made any profit of that site unless if you are just referrer and you are generating a large amount of referals and if you are lucky that the site will not scam fast..

it's not profitable , and with 20$ I think you can only join the ponzi ones
if you want my advice try to risk this 20$ in something else , you already have a low capital risk to lose so why don't you lose it while trying to learn something like trading or playing poker
learning one or both of them is very +EV in the long run

The best cloud mining site for a low investment is Hashnest.com.
They only need a small amount to be invested (~0.00008BTC.
They are run my bitmaintech which is quite well trusted, so you are unlikely to lose too much money.

With your recommendations, he may as well invest in a Ponzi (that's probably more profitable than your suggestion of gambling).
Hashnest theyre probably quite good and maybe BW for small investments? With more than $20 id be interested to know what us "a good investment" that cannot be done with an amount less than that?

In my calculating of Investment, you should wait until you get return of Investment because you have got out the capital and it is must back although needs much time. Then you can take the profit after return of Investment.

he may make money by throwing his money in a ponzi , but I suggest him to learn something that he can constantly make money
poker isn't 100% gambling , there is a skill and you can make money by playing it unlike putting your money in a cloud mining
his capital is low , that's why I suggested him to learn something with it and hope for the good
learning is the best investment , and even if you are a millionaire you shouldn't start playing poker with a million dollar bankroll
you have to start from the bottom and beat each level while you are learning the game

also you shouldn't make two posts in a row in the same thread

Hashnest is the best option. With 20 USD which is almost 0.04 btc you will get 400 GHS there to try their service. Its not profitable but if you wanna have an idea how mining works you can invest there at hashnest. Once you know how it works and you are not happy you can always sell your GHS and get out from this mining operation. Hashnest has a way out if you want to not like the ponzies in which your money is trapped there forever.

Better try to nit use cloud mining sites because they have ponzi scheme elements with cheap domain to stole money.I dont know why pupils are just going to invest in cloud mining when everybody is saying that they will scam fast.

No absolutely not, cloud mining is no more profitable with the price they have for the packages they offer and current bitcoin price, block reward. And also investing in cloud mining sites is very risky and you may fail to get any return or your intial investment back even after 1 year or forever.

Personally, I suggest you try to avoid cloud mining right now since with the recent happenings, there's really nothing trustworthy about cloud mining. We've always warned people about this but they insisted on investing still and only lose in the long run.

However, if you happen to have invested in a legit one, expect to have your ROI in at the very least 6 months.

Here is your answer Op. Cloud mining is not profitable investment anymore, and definitely not with hash power worth $20 (if we are talking about real cloud mining).
Don't bother investing in any cloud mining, real or not with $20. I would rather play Dice with that $20 with 75% win chance...

BW.com is probably profitable cloud mining? Aa far as I can tell, the site looks good and it's definitely trusted. I've been unable to invest as their site wouldn't work for phone verification.

hashflare is good for start, but if you want for free, there are many cloud mining that you can try. but be careful, don't invest too much if you don't ready to get scam like other people.

Don't do it - purchase the BTC and hold, thank me later.

Low invest or high,big risk or small the end is always the same with this kind of sites,you will lose your money sooner or later.
Keep your money,buy something,donate them do whatever you want just don't make these scammers rich.

That's right, invest in cloud mining is like a gambling, you invest some amount but you don't know the KHS you will get is proportionate with your amount to investing in there but, seeing about the another factor like halving is make investing in them is very not profitable and just waste your money and time in there.

Hashnest does provide the most trustworthy outcome of all known cloud mining services but no matter how trustworthy it is last I checked there was only S7 and it ate up about 78% of all its income for maintenance, which means it gives you only 22% of all coins it makes.

That's why cloud mining is not a good solution, the ROI is not there, the only hope you can have is that you can purchase some amount of mining power and hope to make more than the lose of price it will have, that way you can sell your hashes back and cover the cost and make some profit.

thats true, its better not to try it, if you will invest small money you will not make any profit and if you will invest big you might lose big

Hehe... I have opened the website and it is just short link PTC and it is not cloud mining service with low invest, you should give the Links cloud mining service, because the topic of this thread is cloud mining with low invest. Thank you.

Cloud minning has been and will continue to be scam... Over the years several cloud minning services have emerged with some standing the test of time but one thing they all have in common is the word scam which they have not fail to disappoint even with ones that have stayed with us for a long time. The most funny thing is that they will promise a mouth watering returns on their home page then you put your money only to discover they just find a way to keep your money forever and there is nothing you can do about it. IT IS SCAM and will remain such...

As for now its trully not advisable to look or to find that kind of investment platform since it was proven at many times of scamming incident that all of them are scam and those mostly  who runs for it is ponzi operators thats why its truly not a good idea to put up some money on that kind of scheme since they will scam us, so for this one ill not come up to us we shouldn't do any couriousity investing so we are on the safe sidr with safe minds by thinking wise.

Better saved it instead and create your own business. Smaller business that you own is for me a way more better to do than putting your amounts to certain sites which is clearly ponzi's. I just hope that someday government can do this which is i think much legit way of cloud mining. Its of course a profit opportunity to its people if they so.

Government would not really do that since they are busy for another important matters that needed to be focused on their attention, and its ambitious though's since goverment for now doesn't legalized the usage of bitcoin so i wonder that idea would not surely work for them, aswell as surely many people would shut off the invesment idea on them since many if them knows that this kind of scheme is truly scam.

Only Hashflare and and only scrypt. The rest is quite dubious. There s a nice review here:

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

That was only my idea hehe, yes of course if you would just to dream, dream big then. The point also here that I am trying to emphasize is that I myself would only get my self-involved in cloud mining platform if it was the government who does the action but if not then I would just better stay safe than sorry later.

Its Not a Right Decision Bro Because Now All the Cloud Mining Websites are Scam Because Noe Mining Is Not Profitable Because of the Halving Passed this Year ......
So I Suggest You to Don't Try Out Cloud Mining Because It is Not Possible to Make Profits in it.....

That is true, bitcoin mining right now is not for the people with small capital, if you must earn from bitcoin investment with your small capital, then try buying and selling bitcoin/alcoins within your money can afford, for sure you will make money. Maybe after bitcoin reaches $1000 or $1500 price levels, bitcoin mining may turn again profitable for all of us.

Save your 20$
and invest for free in my U2 cloudmining site...so you are sure earning because it is impossible to lose.

Why U2 cloudmining?
Because the site started with an U2 antminer and now it is keeping up making profit without the U2 antminer because the U2 antminer has stoped making profit...

Why run an U2 if the profit is bigger if the U2 is sold?

To resume:
investing in a classic cloudmining will perhaps make profit...but you can lose your 20$...
investing in my U2 for free will cost you nothing and will make you profit...
The choice belongs you...(lol)

for cloud mining with low invest will be to hashnest because for now, the price for 1 ghs is really cheap and if you want to buy for 1000 ghs is only for 0.04x btc, but i don't know when you can get your ROI because the bitcoin difficulty is increase and need big hashrate to find one block and like other member said, better you mining altcoin with low difficulty.

Bitcoin related cloud mining is done. It's not worth to put any time and effort into it since the rewards are halved in combination with the difficulty constantly going higher.

I am not a fan of cloud mining myself, but if you're looking into cloud mining, then the focus should indeed be pointed at altcoins even though the most popular ones are not that profitable anymore.

I'm glad that most of the replies in this thread are like "do not invest in cloud mining" or "all cloud mining sites are scam". I'm absolutely agree with most of the replies here because I have never heard from a real person that investing in cloudmining was profitable for them.

In most cases after investing in cloudmining you will get only 60% of your money back, and in some cases you will get nothing at all losing all you have invested.

Yeah, me too. Indeed the cloudmining is much more dangerous than trading. Clodumining is a place worse than gambling, because at the venue they use a system where money is obtained or provided by those investing is money from the registrant, so if the registrant is up next then it will automatically cloudmining scam and lost due to have run out of funds

why dont try hashnest / genesis mining for cloudmine but for now i think cloudmine isn't provitable anymore

I prefer this, mining bitcoin is not really worth nowadays since the difficult increase it's hard to earn profit from this even ROI. The alternative is mine altcoin which have a bright in future.

If it remained firm to mine bitcoin, better build a mining farm, but need a lot capital and cheap electric bills, maybe use solar system just the problem is sun itself.

Well, regardless of the type of altcoin, every altcoin has the potential to explode in value at some point.

This makes it very interesting to mine certain coins with very low difficulty and let them pile up as long as you think it's worth continuing.

Quite often you see coins that no one was interested in at the very beginning, and thus have a very low value, are brought back to life with a massive pump. But you also need a healthy bit of luck.

For the average Bitcoiner it's not worth it to build a Bitcoin farm since the difficulty will only increase in the coming years.

Plus the fact that you indeed need a massive initial investment to start with, and a large sum of money to continue expanding your farm in order to not fall behind.

Better would be to just invest your money into Bitcoin directly. It will save you an insane amount of effort and time, and headache as well.

If i were you  better  not to  invest that  money  on  cloudmining  20$  is  too small though and  most   cloudmining sites are total scam  but  for genesis  i cant say a word  against them  but  if you do  invest  your money  roi would  really long for sure and  its  not ideal  to invest that amount, better to  put  up into  trading.

I agree..."most cloudmining sites" are...
but not all...
because my U2cloudmining site was never a scam site.

you already know about the answer but you are still suggesting people to invest in cloudmining? Almost of cloudmining sites turned scam in the end, i won't suggest you to invest in cloudmining site no matter how good they are.
by the way, "profitable", not "provitable"

Obvious that you will defend his weird site, I doubt that anyone in this thread can understand how your site works.

By the way, where this mining equipment for you to say that your site is cloud Mining?

See the archive page:

http://u2cloudmining.winspiral.net/indexarchive160403.php

The miner has in the meantime been sold...
The site has kept it's name...If you were a webmaster you should know that you do not change a site address...

My domaine winspiral.net is search engine popular...you keep it of course because it makes money...
and with this momey you can programme cash systems...it is what i do
...and my members are glad...they make profit for free...

That is fun... Nobody understands how this u2cloudmining works and the owner is always trying to make people join him there. And I'm seeing this situation since a long time ago here on forum.

I tried once to understand better how this works, but I didn't understand anything, so I think it's just better to forget about it and to don't invest.  :)

 :( thanks for the many answer on there suggestion to stay away from cloudmining because cloudmining no profitable anymore, i am noob and i think now time to find another way to get money  ;D

I tried once to understand better how PHP language works, but I didn't understand anything, so I thought it's just better to forget about it and to don't investigate  :)

But it's not my habit to give up at the first difficulty...
Now...I'm proud to do what I do...ok...I'm not at the end of the way to know it perfectly...(lol)

When I programme something and I see that few persons have understood the principle...I admit that other people can understand...if not...they can ask me for help.
Some people have certainly not understood everything...but they earn...and earn...and earn...(lol)

The specificity of my genious (lol) system is the you do not need to understand everything...you can use it like a classical faucet and you will earn like with a classical faucet...(all is automatic...just claim and wait the earning on your btc wallet)
Ok...if you want trying to earn more...you have a little to investigate and use strategy...(some members have skills and manage perfectly their account)

If you had understood the principle you would know that I have no need to attract new  people in my system,because it works without new  people...yes it works without new people.
I see you are astonnished...(lol)
My system works even without people...I see you are very astonnished...
But I'm an sure and certain that the system will ever have users...because it is market regulated and the market is stronger than all you want...
Imagine no user for some days...the reward would become so high that even you (lol) would claim...
Nowadays people claim for 500 satoshi or so...(I do not talk about the dividends because they fall even without claims)
Can you imagine that none claims for 5000 satoshi or more?IMPOSSIBLE.