Bitcoin Forum

Hello, im very new to bitcoin since then , i have bought $60 worth of bitcoin recently. Most of my friends reccomend me to go with bitcoin mining but it requires ridiculous large equipment that is way too expensive to start on. My question is cloud mining possible? I found hashflare.io seems to be a legit company only here on bitcointalk. I want to invest all of my bitcoins in mining industry and make a good return , can someone give me few tips and advices? Thanks in advance!!!!

Cloud mining is just a legal way of subsidizing miners with negative interest loans. Don't do it.

Can be very tiring reading many thread, but I recommend you read this

https://bitcointalk.org/index.php?board=14.0

https://bitcointalk.org/index.php?topic=1164418.0

why?

Because you will draw your own conclusions.

That simply did not answer my question.

At first it's not possible to make good return even if you buy equipment for mining and from this proposal it seems it will be hard to get profit from cloud mining, ROI will be very low. Also I don't know if hashflare is legit but hashnest is absolutely legit since they are under bitmain which makes antminers.
Better ro trade with bitcoins or wait and earn money to buy antminers and mine yourself.

Why are you not looking about mine altcoin?


Yes it is, without profit.
Honestly, if that was the legit cloudmining site.



In this time i will try to give you a useful link, the other site is legit cloudmining Genesismining, But you must need a lot of the analyzation before trying to invest on the cloudmining site in this day.

I will assume if the Genesis mining is the similar service with the hashflare.

http://themerkle.com/genesis-mining-review/

The legit means if they are still paying his users, but they will not give you ROI + Profit. I mean if you will get your money back - Maintenance cost. You'll never meet your ROI / early amount. Your capital will be less because you will get the maintenance cost, It looks like just change your amount into the another bitcoin but it will get a little lost caused by the maintenance fees.

No, keep your $60 in BTCs, you will see the price rising on long term, so you will make profit.

If you want faster profit, sell BTCs when the price is high, and buy again when it's low. The low and high varies everytime, so it's necessary to watch the news and the charts always. But never invest in cloud mining, it's not profitable.

No, Don't Invest on any cloud mining site. Take a lesson from the past, all those cloud mining site ended up with scamming people & $60 is too low to invest on any site. I suggest better hold your bitcoins.

If you really want to invest with bitcoin, I suggest hashnest.com, so far i heard they're pretty trusted & you can sell your ghs anytime you want. But the best option is just hold your bitcoins.

What I will recommend to you is to stay away from any cloud mining services. They are just ponzi companies that will close in the end once the flow of new comers to put money stopped. You'll just lose all your bitcoin in these cloud mining services. Try to learn Bitcoin and altcoin trading if you want to make some profit.

Don't dream about making good return with cloud mining, you have to wait for many years to get back what you have spend there. Not only cloud mining, if you don't have cheap electricity in your area leave dream of bitcoin mining, it is not profitable at current difficulty.

So you want to become rich by investing in cloud mining that $60 worth Bitcoin you bought?
Sorry, but you and your friends have no idea how things works anymore, to just to reach ROI when you purchase legit BTC mining contract you will have to wait years.
And you certainly don't want to purchase Bitcoin mining contract, focus on Dash or Ethereum instead if you want more profits.

I didn't recommend investing your bitcoin in cloud mining as it will not generate profit out of that since it only gives a little portion of your money per day. Instead of investing that in a cloud mining site, why'd not invest in a gambling casino bankroll. Long term investment will surely give you a decent profit. Just make sure to invest in a legit casino site. I will provide a link where you can invest. (I tested that site and for me it is legitimate)

You can try here:

https://www.crypto-games.net/

Stay away from it, cloud mining has been proved scamming a lot of people, the ROI is slow and the risk is high, you better find other thing to invest, don't be greedy because hearing the sweet deal from cloud mining, mining is not as profitable as it sound for now, if you join cloud mining then you need to prepare to send your money for the site owner

 ???
I gave you the hashflare thread link, and you can read stories about people who invested in hashflare, your success and your failures, and gave you a link from the thread that talks about mining.
.
You say it was not helpful, do you prefer to ask people who have not invested in hashflare or people who have already invested in hashflare?

Just buy some Bitcoin instead. Instant returns, so to speak.

Just buy a real miner mate

That would be completely pointless and a waste of money. Buy a miner, lol  ;D

In 2017 and with the series of information online, as well as several threads and testimonies even on this forum, I can't believe someone somewhere will still be considering investing in cloud mining irrespective of names where it is a known fact that those ones that are legit, it might take forever to start considering seeing any return on investment...

First of all i would recommend you to forget that there is any mining in bitcoin.
The reason in order for you to mine bitcoin at home you need to have the best pcs , a cooler for it and cheap electricity cost in order for you to earn roi. And ya most of us surely never mine because none of the requirements are fulfilled and we decide to cloud mine. Now that's the worst idea as most of the cloud mining sites out there are just running ponzi schemes or roi takes really long time.

Another one is Genesis-mining with recent difficulty, it might takes long time to get back your investment. Someone stick to Hardware mining with their ASIC Miner because have low cost of electricity and sufficient room for maintenance.
If you're looking for fast profit, then don't try to invest in cloud mining .

Hi guys. Ran into this thread by looking for some answers to the same questions the OP had.

My question is, has anything changed since the last post in this thread that would make cloud mining worth it? Also, what about those people on youtube claiming they've made good money using HashFlare?

No, cloud mining ia not worth it, all of them are scammers,  the reason why in YouTube people say cloudmining can make good money is because they want to get referral, and then you can get profit in cloud mining, but you need to wait for a long time to get your ROI, after the ROI and the cloudmining is not closed yet then you earn your profit, but most of time cloudmining will be closed before you get your money, so I will say it's a risky investment, and better find other investment

Thanks for the candid reply. What about trading Cryptos using robots?