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Hey. What do u think about cloud mining? At first, I know that now it's not profitable. Also for join u need a lot rich friends or traffic in social media. Maybe smb has inside or more deep knowledge about CLOUD MINING. Thanks.

I tried CLoud mining contract offered by Hashflare, Genesis mining and Gainbitcoin.
Gainbitcoin is a clearcut scam.

Hashflare and Genesis are paying buy ultimately I feel that they are not that much profitable. Payout is decreasing day by day. So If you ask me whether I will invest further in cloud mining. My answer will be a "NO".

Cloud mining is worst concept that has existed in the crypto world. This mining works completely virtually where you buy different contracts and these different contracts have different terms. Most of them are valid only for 12 months of tenure which means that your hash rate must be able to generate the revenue which is more than your ROI and that too before the contract ends. In addition to this one you have to also pay the maintenance fees which are taken automatically from the earning that you have. This slows down your earning process and 99% you never earn much before your contract ends. Then you buy the contract again to extend the mining period and this keeps going on forever and tell you what you pour more money into this than you can get back in return. Better stay away from it. The calculators of cloud mining are just lie. Dont trust them.

Not worth it in any way.
Either it's a Ponzi scheme, or it's flat out unprofitable.
Stay away.
It's better to just buy the coin.

There was a little experience. But I can honestly say it's not worth it. It is better to participate in bounty companies or buy mats straight.

Cloud mining is highly vulnerable to fraud. Many free cloud mining sites but ultimately can not make a profit.

As far as I know, pools for cloud mining are intermediaries! In other words, working with a certain coin, expending its capacity, the percentage for the pool is lost when you withdraw the profit! It is better to collect the farm and work directly with the service provider

Scam. People usually don't make money from cloud mining, they make money from their reference bonusses and I never saw a cloud mining operation without a reference system.

Just build your own rig instead, at least you'll know that nobody's scamming you.

It's definitely not worth it. Looks like a classic Ponzi scheme. When there were pretty much hype about it and many people registered, the payout actually were quite decent. But as soon cloud mining's popularity went down, the payouts turned into a joke. Which makes me think that the whole model's "success" entirely depended on new people joining.

I really don't want to touch cloud mining again. It very complicated and based on my experience it not gives profit anymore and I loss much money to do contract and I got nothing on that.

I treid cloud mining its horrible experience i would suggest best to invest devidend paying and POS based token which will give weekly devidend as well as platform grows coin value also will incres . Try NEO , COSS and other exchange coins which is giving devidend . Find some project works based on POS where holder will get benefit out of that .

I got a small contract in hashflare with sha256 and scrypt contract, The everyday payout is going less and less each day. I made several withdrawal before but they raised the minimum withdrawal to .05 btc, so think before investing in this cloud mining services.

I do not recommend cloud mining. Most of them are scams. some cloud minings never give you a payment and some others steel your hash rate and give you less return. and they have a big withdrawn fee. So, in the end, you will not have anything or you got very less return. Never try free cloud minings they are completely useless as my previous experience. Totally waste your time and electricity... :-X :-X :-X
If you really need to mine crypto try to assemble your own mining rig. that's very profitable than Cloud mining. But in my personal opinion mining is not the best-earning method these days.

I think cloud mining is very easy to play, because cloud mining requires only a few facilities that must be owned. cloud mining for me is very unfortunate and very disappointing.

I think that owners of cloud mining services earn good money. And their tenants (clients) pay for their electricity charges.
It's a nice scheme for owners :)

cloud mining is mostly deceiving, you better assemble your own mining tools at home.

This is all a scam, I would not advise you to invest in it. As I understand from experience, all these projects sooner or later are closed, taking with them all your money

Right. I also invested heavily in cloud mining services and as a result it only existed for a short time and then it will disappear, very lucky I was able to withdraw money in the face of losses. Cloud mining services are not practical and effective so you should not invest in it.

There's no need for deep knowledge about cloud mining and if you want to know more about it why not focus with the legitimate mining through hardware? Few cloud mining that pays in bitcoin like hashflare and genesis are the preferred ones but I never invested with it because still even how many people will suggest those sites, I have only one sight with cloud mining and all of them are the same.

You could make the profit if you make the investment in cloud mining site. To achieve that profit you must mine some lesser known coins which are actually a risky but if they achieve a progress in some time their value can rise drastically and your profit will be earned. Cloud mining sites are working on lending principles. You could even end with a loss if you choose to mine some popular coins which have high mining level right now.
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Investing in the real equipment is recommended but then you must commit yourself to the mining processes to pay back your hardware. Instead of mining, I would recommend the trading because everyone is realizing that mining of the certain coins isn't very profitable nowadays.

I tried Hashflare some time ago. The service has both advantages and disadvantages. From what pleases, in the first place, the minimum cost of the proposed capacities and the availability of several currencies for mining. Among the shortcomings of the service - blocking the withdrawal of funds within two weeks after changing passwords or adding other purses. In addition, the referral section does not always work correctly. HashFlare positions itself as a high-level cloud mining service, but you can earn a penny on it. I would not recommend cloud mining as a way to earn money.

My suggestion is to be really careful if you want to go into cloud mining. There are cloud mining contracts out there that actually have provisions which allow them to cancel your contract at anytime. Very rarely will you make a good profit with cloud mining. Most of the time you would be counting on the value of coins to rise, and if that is the case you would be better off actually buying the coin instead.

Cloud Mining is nothing but a ponzi scheme. As long as new users are signing up the cloud miners are getting money to distribute coins to the old users. Once the new registrations stop this whole scheme will come falling down. You are better off just purchasing the coins with that money then trying cloud mining.

If you think that mining for you is complicated do not use cloud mining. Prefer to invest your money in coins or ICOs. I think that the ROI will better.

Be really careful with them , most of the time you are on long-term contracts in which you have no idea what the bitcoin price is gonna do. While they technically aren't scams unless you get really lucky you won't make your money back. There are some youtube videos on it with people proving that it is very hard to make your money back.

I think that all cloud mining, it's a scam, because you just give them money and do nothing and pay you the imaginary percentages. Ponci

nightmare. this is what happens if I dabavila still purse can I block? and that all my savings will be lost? and they can not be restored already? Then why this cloud is needed! because it is designed to preserve, not block.

I'll just say this -- I bought a cloud mining contract and I am on track to lose a lot of money.

cloud mining it's another way to earn some cryptocurrency, we just pay some hashrate and the cloud mining company will start collecting/mining crypto with their miner for us.
I already know cloud mining since first time i know cryptocurrency. To be honest, I'm not interested to join cloud mining program because we can't predict what will happens with this cloud mining company in the future and we don't know how long the company that we invested will survive...

The last time I heard many people are complaining about this and says majority of cloud mining is a scam. I once try this and I never get paid. I also want to learn which company are legit and trusted but as of know I never seen any one. Mining is somewhat a risky thing, you must have proper knowledge so you can earn properly and of course distinguish the legit from scam.

I completely agree with you. The biggest cloud mining companies are not scam but nowadays what you get is not good at all. You better save the money and buy directly some BTC and then sell them when the price goes up. Right now cloud mining is a disaster.

I do not agree with the statement that cloud mining is the worst concept in crypto. In ideal world where people are honest and they doing what they are claiming to do and always respect themselves and the others cloud mining would be a great and intresting invention. But in reality cloud mining service providers can lie so easy so that they just cannot persist.  :o

In fact, I think this is another project in which trying to draw trusting people. I don't understand the essence of cloud mining at all.      

I'd rather say to draw money of trusting people.
It looks like an investor pays for energy of farms and gets a little % of farms earning. I'm also sure that only mining company earn decent money there.

There is a lot of people that are also losing money on Cloud Mining just like you are. Don't feel bad about it, just do something else.