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Title: Cloud mining Post by: rakibul1364 on March 26, 2018, 08:14:02 AM BTCBTCBTCBTCBTC
Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Title: Re: Cloud mining Post by: teddy5145 on March 26, 2018, 08:45:40 AM Most of cloud mining are just Ponzi Scams/ Pyramid Scheme
Don't know about it? read this Wikipedia Article https://en.wikipedia.org/wiki/Pyramid_scheme There are a few legit cloud mining but its hardly profitable, you'd waste your money on buying Hash and long ROI. I'd suggest to use your money to invest in something else, or buy a mining rig and join a Mining Pool. Title: Re: Cloud mining Post by: aoihs00 on March 26, 2018, 09:38:03 AM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Bro you can find many threads like this around and this thread is unnecessary for you to get your answers. In short summary : Cloud mining is scam due to its un-tolerable charges, fees, contract structures, minimum withdraw limits and much more to count on. Many of them are just posing to mine the currencies but they are not doing anything but just posing! Said that twice so that you can understand whats going on here. For cloud mining to work these people must put some extra cash from their pockets but they wont do it because it is far costlier to do so. You dont get money back from such schemes because you never reach the minimum withdraw limit before ending of your contract. So many fishy things in their which you need to take care of and at the end you get exhausted and forget about the money. Title: Re: Cloud mining Post by: mk4 on March 26, 2018, 12:40:42 PM Whether or not a cloud mining service is legit or not, I really doubt it will be profitable. Best case scenario is that you'd break-even from your investment cost. If you want to profit from mining, then do real mining and purchase proper hardware.
Title: Re: Cloud mining Post by: bitbunnny on March 26, 2018, 06:44:53 PM I think it was said so many times before, avoid cloud mining unless you want to lose the funds.
Legit cloud services are very rare and it's hard to recognize them and majority are unfortunately scam scheems you don't want to be involved in. If you ask me cloud mining is way too risky and they hardly wait to get another victim. Just stay away, it's the smartest thing you can do. Title: Re: Cloud mining Post by: player514 on March 26, 2018, 09:09:08 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC No! They have never been and will never be. Think of it logically. If a company has the money to buy all of these different miners, why would they want to sell the mining power? They can just use it for themselves and keep the profits. If they were to sell it to people, then they would have to up-charge, and fewer people would want to use the service. Overall, I've never heard any form of success from cloud mining. Even if the site isn't a scam, it usually ends up with terrible profit margins that don't really make sense to pursue. Title: Re: Cloud mining Post by: Slow death on March 26, 2018, 10:39:49 PM Is cloud mining bitcoins still profitable? days ago I saw in a forum people discussing about this subject, I will answer your question with another question: How many percent do you expect to profit from cloud mining? So you ask me why the hell am I asking this question? I'm asking this question because until a few months ago hashflare was profitable, but you did not profit very much, ie it was much better to buy bitcoin and hold. The same case can be said of genesis mining where you can obtain profit, but it will be a very low profit for the time of contract duration vs buy and hold. read this article to notice more things: is it and is it Profitable in 2018? (https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/) Title: Re: Cloud mining Post by: Lazada on March 26, 2018, 10:51:32 PM BTCBTCBTCBTCBTC if you choose to invest in cloud mining then you have destroyed the future that you have. doing cloud mining will only make your time in vain. cloud Mining only performs mathematical calculations and without any real hardware. I do not understand why until now there are still people who believe in cloud mining, but already many references and discussions that say that cloud mining is a bad investment choice!Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Title: Re: Cloud mining Post by: Catmony on March 26, 2018, 11:44:59 PM Again another thread asking about cloud mining ::)
Use search function on top of the forum.... There are many threads with discussion around cloud mining and its profitability go through them. Cloud mining are ponzi and they can't run for lifetime also with increasing mining difficulty even a lifetime mining contract won't be profitable. Title: Re: Cloud mining Post by: Tyrantt on March 27, 2018, 12:37:06 AM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Bitcoin cloud mining? No. Alt-coin cloud mining (not SHA-256)? Maybe. Tho as you an see, and test it for yourself, that none of the cloud mining services are legit or can actually last something without losing you money. It used to be profitable, I did get ROI with cex.io back ibn the day, but today... no. Again another thread asking about cloud mining ::) Use search function on top of the forum.... There are many threads with discussion around cloud mining and its profitability go through them. Cloud mining are ponzi and they can't run for lifetime also with increasing mining difficulty even a lifetime mining contract won't be profitable. Cloud mining are ponzi now* Those services used to be legit back in the day. Title: Re: Cloud mining Post by: WaffleMaster on March 27, 2018, 03:04:12 AM The very nature of cloud mining lends itself to ponzi scheme scams. You give them a large sum of money, and get back a small sum of money every day. So the business model itself opens up a lot of websites to just being scams.
That said there is Bitmain's cloud mining, but again you're putting up a lot of money to get back a small amount every day. I'd say save the money and just buy the machines yourself. Title: Re: Cloud mining Post by: h0lybyte on March 27, 2018, 04:26:08 AM Earning with cloud minings was an old upward trend used to earn profits from your investments but most of them were only scam projects which in realy had no hardware to mine coins in background. Although if there are a few legit cloud mining websites in market but it seems to be time wasting job now
Title: Re: Cloud mining Post by: tweetbit on March 27, 2018, 05:11:14 AM When it comes to cloud mining, I haven’t heard any good things about those sites. Since I joined bitcointalk it is a hot topics about those sites who’ve scammed every clients who trusted them. And I’m not exempted, I was one who tries those service hoping for other passive income, but i just wasted my time and money for that. In one day, they’ve closed down and bring all the money. That’s a shame.
Title: Re: Cloud mining Post by: AngelSky on March 27, 2018, 05:21:10 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Bro guys like you think well before investing on cloud mining read the thread which has been created already. That will answer you all the information about the cloudmining investment. Why you guys creating spam thread in this forum. and giving a way for the people to spam in your thread. Please lock the thread as soon as possible. Except genesis and hashflare all other cloud mining sites are scam and ponzi schemes. Title: Re: Cloud mining Post by: felicita on March 27, 2018, 08:04:25 PM According to my experience .... i had made much more profit when i had bued Bitcoins direkt instet of buying hash power on genesis Mining....
But Genesis ming is still a good option its trust for me and allways paying ... most other Cloud minerst still gone away. regards Title: Re: Cloud mining Post by: Paractor on March 27, 2018, 08:14:15 PM Cloudmining has been getting alot of disapproval from anyone who has been in the cryptocurrency space for quite a while. Because with hashcoins having their stock stolen in Iceland and the incident genesis mining had a few weeks ago
It does put those who are already heavily invested in cloudmining in a precarious situation. I would tell anyone who is asking if they should believe or even trust in cloudmining as a whole it is better to keep your money and your coins and put them into something else that you know are legit and not inline with ponzi scheme or pyramid type scenario. From what most of these sites are portrayed as given our current climate in the crypto space. Title: Re: Cloud mining Post by: michkima on March 27, 2018, 09:17:37 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC It is but this is assuming you were able to mine a lot of coins before the prices go up and the difficulty goes up as well. Since if the prices go down and the difficutly just keeps on rising then you would be getting less and less coins everyday but the earnings are a lot lower. I would just recommend to just buy and hold. Its a lot more profitable in my opinion. Title: Re: Cloud mining Post by: Lazada on April 02, 2018, 05:40:57 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC It is but this is assuming you were able to mine a lot of coins before the prices go up and the difficulty goes up as well. Since if the prices go down and the difficutly just keeps on rising then you would be getting less and less coins everyday but the earnings are a lot lower. I would just recommend to just buy and hold. Its a lot more profitable in my opinion. Title: Re: Cloud mining Post by: Mister1k on April 02, 2018, 08:37:19 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC It is but this is assuming you were able to mine a lot of coins before the prices go up and the difficulty goes up as well. Since if the prices go down and the difficutly just keeps on rising then you would be getting less and less coins everyday but the earnings are a lot lower. I would just recommend to just buy and hold. Its a lot more profitable in my opinion. Lazada you ate trying to explain him but i do not why ate making the spam post again in the thread where you already made the post at here. Keep avoiding yourself making the post which does not need the answer at all. Same like you saying we are all know this before, cloud mining is such a shit move with the hard earned money. Ignore to make post and pull its tail when it does not need your post here. Title: Re: Cloud mining Post by: Oilacris on April 02, 2018, 09:18:50 PM BTCBTCBTCBTCBTC Lots of similar thread related to cloud mining which it would be appropriate to do your research before on posting the same query all over again.For the sake of op's concern it has being advised or mentioned a hundred times that cloud mining isnt really a profitable business and most of them do end up on scams.If you dont like to lose money then better stay away with this cloud mining.Even you put it on legit ones like genesis or Hf but still it cant guaranteed you income in the end of the contract.Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Title: Re: Cloud mining Post by: timerland on April 03, 2018, 04:47:07 AM Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. Most people who tell you that cloud mining is profitable are just out there trying to get some referral commision off you. I would strongly discourage you from investing in any form of cloud mining whatsoever. The fact is that over the long run you shouldn't expect to make any profit at all from cloud mining. In fact, you would be lucky to make your capital back. The two categories of cloud mining sites out there currently are either scams, or unprofitable investments that will result in a terminated contract within a few months due to soaring difficulty and/or decreasing BTC, even though they are advertised as "lifetime" contracts. Do not invest in cloud mining, that's the best advice I could give. Title: Re: Cloud mining Post by: VitKoyn on April 03, 2018, 07:16:11 AM BTCBTCBTCBTCBTC Since I started being involved in cryptocurrency more than a year ago, I have seen a lot of cloud mining company that offered huge returns in a short period of time to all people that will invest in their mining company but most of them really don't make their promises and continue to scam their investors. Most of them really don't have a mining farm and selling/renting a hash power that doesn't really exist. So yeah, don't waste your time and money by investing on any investment program related to cryptocurrency because you will end up, donating your money to them lol. Cryptocurrency itself are already an investment so better stick to that or if you know how to trade it will be good.Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC Title: Re: Cloud mining Post by: wantjokull on April 03, 2018, 10:45:23 AM Earning with cloud minings was an old upward trend used to earn profits from your investments but most of them were only scam projects which in realy had no hardware to mine coins in background. Although if there are a few legit cloud mining websites in market but it seems to be time wasting job now It decent see like the wasting job now, but it is the one in reality! :D I mean i have tested the hashflare many times and also taken reviews from many cloud miners and the results were not good one. Whenever I get the opportunity then I do tell people do not invest your money on this shit otherwise you will come to an end with full loss on your investment. Things are weird in the cloud mining. Currently the rates of coins are dropped and this makes the cloud miners difficult to manage their income and peoples profits. They cant divide such low profit in the maintaining fees, electricity bills, rent space and employee salary and much more. Just think about it twice. To be honest it will never work out in the reality. What will work out is get the set up of hardware wallet done at your house and have the benefits after year or so. Title: Re: Cloud mining Post by: harizen on April 03, 2018, 02:54:45 PM BTCBTCBTCBTCBTC Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time. Share your thoughts. BTCBTCBTCBTC As far as the majority of replies here is about scam, we will disregard the "scam" thing here and let's say you are investing on a "legit" cloudmining company. But since it will take time to discussed and explained it here, I want to you to read here (https://medium.com/@mithi/is-bitcoin-cloud-mining-profitable-712eb0396b60) some of important things you need to consider. Come back here or shoot me a PM on where or what part you need some englightment. Title: Re: Cloud mining Post by: Sadlife on April 04, 2018, 04:06:30 PM Cloud minings are just a waste of time. In fact you already answered your questions. All cloud mining sites are doin is gathering investors to invest to their site then pay some users to make it look real and once they've accumulated enough money they disappear. So basically it's a ponzi scheme.
Title: Re: Cloud mining Post by: nniecan001 on April 23, 2018, 04:11:06 PM If you are seaching for cloud mining platform - try HashFlare (https://rdr.achivanetwork.com/click?pid=690&offer_id=81&sub2=prikolno). It's a most profitable cloud mining platform for now. With HashFlare (https://rdr.achivanetwork.com/click?pid=690&offer_id=81&sub2=prikolno) you get earn 300-400% roi. But only now. Firstly - New and surplus capacities. As reported on the official HashFlare sources (https://rdr.achivanetwork.com/click?pid=690&offer_id=81&sub2=prikolno), recently the company was engaged in the commissioning of another batch of new equipment in the data center in Iceland. Thanks to favorable conditions for the placement and supply of hardware, it became possible not only to continue the process of optimizing the service. Hashflare started big sale (https://rdr.achivanetwork.com/click?pid=690&offer_id=81&sub2=prikolno) on surplus new capacities (not like discount. More like low prices). But it is very limited proposition (https://rdr.achivanetwork.com/click?pid=690&offer_id=81&sub2=prikolno). So 300% ROI we already have. Secondly - Promo discount codes. I won't start big tirade about generous actions of HashFlare (http://miningcrypto-online.com/main.html). I usually get actual legit discount promocodes (http://miningcrypto-online.com/main.html) here, on the site: miningcrypto-online.com (http://miningcrypto-online.com/main.html). Now they have a promocode on -15% discount sale (http://miningcrypto-online.com/main.html), but there is a small possibility, that it isn’t working right now, because of reached limit of uses. I can't check it, because it was already in use by me, and it is disposable. Check this screenshot: https://consultantcrypto.com/wp-content/uploads/2018/04/calculatorhashflare.png Or recalculate by your own on Official Hashflare Calculator page (http://profit.hashflare.eu/en/ref_id=42DEA8F3) Spammer alert, tired of encountering those kind of toxic works from those newbie account. This is the main reason why the merit system invented. Reported folks. |
