Bitcoin Forum

Is it possible to make 1btc/day from cloud mining? If so, then would it be profitable?  ???

No. No. And again there is NO
Count how many contracts you need to buy! Cloud mining is ponzi scheme.

Please, first search on this forum, before asking such nonsense.
https://www.google.com/search?q=cloud+mining+ponzi+site:bitcointalk.org

yes you can make for that you have to invest almost 4 PH/s or 4000.0 TH/s then only you get 1 btc daily in cloud mining for that you have to invest almost 112 BTC then only you can get this amount ..i don't think its profitable better you can start your own mining rig and do your own mining that way its profitable

Is it possible? Yes of course.

If you invest like 1000 BTC into a genesis mining contract then i think you would have no problems getting 1 BTC per day back.

However the main issues are:

- You probably do not have 1000 BTC to start with
- Genesis mining likely do not have that many contracts that are available for sale
- You will likely never achieve ROI, because of the maintennance fees involved.

Thereotically, yes you can. But practically even if you do get 1 BTC per day in the end your investment will not be worth it.

So u want to make $150k per month and $1.8 mil per year just from cloud?

Sure, it s possible, if you invest 5 million into the farm. You will not reach ROI but it is possible.

I suggest you do a bit more reading. It takes a lot of skill to make money on cloud mining.

It is almost impossible to earn 1 bitcoin in one day from cloud mining, and honestly speaking, most of the cloud mining sites are ponzi schemes that could shut down anytime without warning, it would be better for you to put your bitcoins into other investment sites rather than cloud mining.

Lol of course it is, just invest around 500 BTC and you will easily hit 1 BTC a week but you probably won't be able to do that since genesis mining doesn't have that many contracts up for sale, and of course you don't have 500 BTC, or you wouldn't be bothered with cloud mining.

Try do a bit more looking around before posting this, sounds pretty impossible when you think about it.

that amount is really big in numbers and in order to have it inside cloud mining you need to invest more, its much better to invest it with your own rig
and start your own farm if you that money or you can also do some trading and look for some quality coin to move up and earn little by little.

Not possible to make 1 btc/day but it is very possible to loose even more than 1 btc daily.
I have seen numerous cloud mining scams.I advice you to double check mining websites.
Do not bump your money more importantly into cloud minings.

It's very possible and you need to invest big amount. And this is the twist, we may not know if that cloud mining will still continue operating when they see someone invested 100+ Bitcoins on them.

Are you nuts? But the first thing are you the account that just created to make the shit things right this? This seems pretty odd if i know that you're having the internet connection and you can do a little effort to search it on the google.
It will never and forget it.

Nope, even 0.1 per day is like impossible. To make 1bitcoin per day, you need to invest on that clould mining like 1000-10000BTC which is impossible to do. My advice is stop using cloud mining, it sucks. Just buy your own mining set and do it yourself, it's more profitable than that cloud mining.

Guys the question is about possibility and that is a YES.

But there are lots of concerns associated with this target amount because of these some of the factors.
-Will the company last long? ROI will takes long period and possibility for the company to shut down is likely to happen.
-This is not a joke. You need at least BTC1000 or around to achieved the hashpower you need to give BTC1 a day
-AFAIK there is a limit of hashpower that needs to be purchased depends on the provider and account level.
-The question you asked is not as easy as you think. If that is profitable and effective you must see lots of persons already doing that.

Take note also that my statement was based if a cloudming company is legit.

I would rather to build my own mining farm rather than on entrusting other people to mine for me and knowing that cloud mining sites are mostly scams, exclude to those who still operating as of now genesis and hashflare.If you are aiming for 1 btc a day then you would really need to pull our hundreds of thousands and I would bet that you wont really do such thing. Better to build your own because you can able to see physically your miners than on just waiting for them to generate profits for you and also we cant be sure if we would able to reach roi or not.

i will say YES like you sir, everything is possible but the hardest thing is we need to find recommended and legit cloud mining because todays many cloud mining offering short term ROI but the reality they are scam for just few month after they release their site. if cloud mining site is legit then we need to calculate how much hashrate we need to reach 1 btc/day because i believe it will need thousands of hashrate but its not guarantee to reach 1 btc/day.

It is really not impossible but also not possible at the same time. There are many reasons that make it impossible to make 1BTC per day from cloud mining. Even if you're very rich already and you can invest good amount of BTC on those cloud mining farms but I still believe that it is really not worth spending 100s of Bitcoins on something that is really not that much trusted. Even think if you invest 100-200 BTC in start on those farms, then are there any warranties that you'll only be gaining Free BTC's after that big investment. I really don't think so. Even if they send you 100-200 BTC's within 100 days that will still not worth your investing.

Profit depends on investment, you can even get 1 BTC as interest in a saving account provided your investment is large.
Than comes the security of investment, bank interest are nearly constant while cloud mining can leave you without your ROI.

Its a damn worst option to earn the bitcoin. I would be able to compare cloud mining with the faucet only. In cloudmining there are some people still successful in their pathway.
You can't even make 0.01 btc for day in cloud. Instead you can purchase bunch of miner machines to achieve your dream in bitcoin.

It is possible as you see on calculations but not recommended. Interesting would be a kind of cloud hardware that we could point to mining pools. But haven't still seen any besides nicehash and similar but those are only profitable for hardware owners.

You want invest big ammount ? (You will lose your money if company colaps). better you used your money for buy mining hardware, make your own pool and start mining used your machine

It'seems you are only creating this thread for nonsense. This is your first post and you never going back to reply in any of replies.
I'll ask you too then, do you have huge amount of bitcoin (>500 btc) and are you willing to invest these amount on cloudmining site?
If you don't have and willing to invest, just forget about it.

Even he is investing that amount of bitcoin it is impossible to earn 1 btc daily because cloud mining are risky except if he can buy more hardware instead that much possible to happen if he has a lot of money to buy bitmain hardwares..
If you are investing in cloud mining the risk is too high and possible to be scam in the end.. if you really care about your bitcoin or money better to buy a hardware and mine yours instead.. or invest your money in bitcoin and sell it if the price is high it can gives you more profit than you mining bitcoin ..

To make 1 btc per day from cloud mining is really possible. But for that you need a hugh bank balance.And afterall there is no guarantee that the cloud mining site will be there. My suggestion is if you have that much bank balance, why cannot you start your own mining rig in your house or just keep that in your wallet safely. After one year, its sure that the amount will double because bitcoin's price is increasing day by day.

If you would have searched a little on this forum then there would not be thinking doubt. If you are really interested in mining then make a rig and start with altcoin mining. There are many altcoins which can be mined still and you will get a good price.

don't use cloud mining scams. they won't pay to you anything. don't use them. don't use them and again don't use them.

I guess you have to have many contracts to earn it, cloud mining is not that easy to gain 1 btc a day and it is not possible in one mining. Just a day dream then if you think it is possible.