Bitcoin Forum

Hello,

I am looking for a cloud mining which could help me earn some profit. I want to mine bitcoins and i want to buy atleast 10 TH/s.
Please anyone willing to help me?

Thanks.

(According to my own experience) Cloud mining is not profitable at all !
All the money that I invested in ended up giving me less money than my initial investment.
I tried many and different platforms till I came up with the summary that Cloud mining is a plane scam.

Why would anyone rent out the miners if he can get more with them if he mined ? (Makes sense right ? )

So, I don't recommend it at all.

Good Luck

I agree with this guy.

I'm sure you've done some research and coming to the same conclusion everyone else does that you cloud mining never keeps up with difficulty.  But if you're looking for the best still as you mention Hashnest I think gives you the best chance at making anything, but the market rates are usually very solid.

anybody hear of BTC promine ???? Is it a scam I have not done any mining just looked at their site and seems to good to be true but I not very knowledgeable in mining. I did like the dip in the markets this am though. If anybody has delt with this co. please let me know. Thanks 

I think mining isn't profitable anymore you should try go with trading understanding how the system works will give opportunities to grow your investment those mining which offer you an easy double or easy income is just part of hyip and ponzi system. Its much better to read more inside this forum and learn more about that industry.

Well, im now use Genesis and hashflare. Well, im on profit but isnt really big profit. But atleast i got some profit. And i dont recomend it for now. Because when i use cloud mining, my profit is about 20%-50% per year. I want try trading because of that. Better not investing on cloud mining. Or maybe you can buy your own mining hardware, thats good too maybe.

I would not recommend a cloud mining anymore, it seems majority becomes a scam after  several time of  operation. Even actual rig mining is expensive now and will take several months for the ROI.One expensive factor is the electricity costs plus a lot of technicalities to setup.

Make sense, why people want to rent their mining if it could bring more benefits without share? I would agree if you invest on big project which they just started to build a mining farm, so that they collect money from investors. But, in the end if you have big capital, better to build it by yourself or with your own team. However, you need at least $2000-$3000 minimum, depends on your country.

With that amount you can build your own rig and do mining altcoins or trade them because it's more profitable than cloud mining when you won't know when they collapsed or when you pass the ROI which ridiculous to see it even takes year to get back your investment.

Buy real mining hardware if you are really interested in bitcoin mining instead of buying virtual mining power from cloud mining services. Either you will end up getting scammed by them or you will never get back what you have invested in those mining contracts due to increasing mining difficulty.