Bitcoin Forum

Hey guys, someone use ccg mining with contract for 400 ghs? Any opinion?

Here, old thread that discussed the same thing is CCGMining legit? (https://bitcointalk.org/index.php?topic=2330731.0) . Based on that thread a lot people saying its not good to invest on there, even if they're legit, you won't make a good profit from cloud mining.

I've submitted a 400 ghs contract for btc at ccg. Hope that work. Btw any suggestion for ethereum cloud mining service for price and reward?

I haven't a good miner platform and is too expensive for me..

Inspite on reading up someones comment you do still proceed to make investment with these cloud minings. Dont ever tend to look or put more money on these kind of investment.Even having your own miner would still hardly able to be profitable.

Cloudmining's never a good choice as an investment in the first place, and you're much better off buying coins or mining yourself (the former is actually much better in my experience). I enjoy mining and I still mine as a hobby, but I've always made more from buying coins compared to mining from the moment I got into BTC.

The only thing I was able to find regarding CCG Mining was the thread cissrawk linked, and though the site doesn't seem to offer too-good-to-be-true rates or prices, I still wouldn't purchase anything  just due to the fact that there's very little information on the site as a whole. Bitdeer also offers cloudmining contracts and they're most likely legitimate, but the risk in their contracts is still very high compared to the low potential reward and not worth the purchase IMO.

I don't know why you still invest on there, there's no good cloud mining at least for now. You can't make profit because maintenace fee is higher than the reward from mining, even on ethereum.

I think it's safe to say that cloud mining as a whole won't be profitable even if the price increases with 100% in the coming months, because the higher price will attract more hashrate=higher difficulty, and thus still maintenance fees higher than the rewards.

On top of that, in order to have cloud miners pay out, they need fresh money to flow into their system, so even if it is technically profitable to mine, they still won't pay out to you, because that's not how their scheme works. You get paid with funds coming from previous investors. And that's concerning cloud miners who actually mine. Those who don't mine won't pay out anything at all, so don't get your hopes up.

No bull run = bad cloud miner market. The bear market absolutely trashed this market.

I have many experiences on buying hashrate in cloud mining sites but honestly, no cloud mining site that gives me profit instead they run all of my investment.

That is why almost all forum members trying to save you from a cloud mining site because all of them are scam.
There is no cloud mining will give you profit that is why they sell the hashrate because they know mining is not profitable in the future due to difficulty increase that is why they sell them first to make a profit.