Bitcoin Forum

short term, cheap btc cloud mining???

I didn't understand what you are really asking but if you are looking for a short term cheap cloud mining which will bring good profit, i must say you are looking something is not real.

Cloud mining is just a thing in the past. There are no profitable cloud mining nowadays and are scam only. I wouldn't suggest any site because there is no legit one available. Better invest your money into trading rather than cloud mining.

Again, just as I always say on "cloud mining" threads, cloud mining "services" are either:

• A scam
• Not profitable

Not to mention you're asking about short-term. Mining in general is quite a long term investment.

Cloud mining isn't always an outright scam but they are ripping you off.  Just buy btc directly with your money if you want to make a profit.  If btc mining was really profitable for these companies they would be mining themselves without selling contracts.

If he has the supplies to mine still it will be harder, need to go places where electricity is cheap. Need to pay taxes if you are in a country that collect taxes. There are lots to think about, machines needs to be cleaned and set up smooth. So much pain in the ass, done most of these and now quit because I actually don't get profits anymore.

It actually can't be understood what you want to say.
Anyway, mining is not profitable anymore, not on long term or short term and cloud mining is usually connected with different scam scheems. So if you don't want to lose your money and waist your time, don't get involved in any type of mining. There are other possibilities to earn Bitcoin.

What you expect from cloud mining site? Do you think that cloud mining is safe for short term? Even if there is a legit cloud mining site that popping up recently (I doubt though) you wont make good profit. Especially you are saying "cheap" means that you will invest small amount only I guess. Just use your money for something else is better, invest it in top ten coins would be much more better.

We don't know what exactly you're saying but all we can give is an advice not to go with it. Before it was a profitable but now it seems that it's not profitable and it's just a scam, if you just want to experience mining then you can go with that but if you want to use it for profit it's not a good idea I can suggest just to stick with trading and do a buy low and sell high since in that you can earn some cash in just a matter of seconds, hour, day or week.

Well this is just according to my own experience and opinion.

There is no short term or long term cloud mining sites that will guarantee you a profit and in that you are looking for a short term cheap one  ;D, if you break even then you will be lucky, i would suggest you to do something else or invest in some penny stocks rather than wasting your money in cloud mining, just have a normal search and you will understand about the experience of others who wasted their money for that.

Yeah, mining cost a lot nowadays from the hardware itself cost a lot of money. Only the first time adaptors of mining can keep up with mining as for new ones they will have a hard time trying to get an ROI.

Well, I'd urge you to stay away from cloud mining unless you know the miner personally and is within reach. Most of the cloud mining websites have been proven scams and the odds that you lose your money is very high.

As I understood he is looking for cloud mining which promises as fast ROI as possible and hashrates are very cheap too, in reality he is looking for hyips.
OP at least see threads about genesis mining (I believe it will change your mind), see threads about hashocean and others. Nowdays when mining is least profitably, I highly doubt it's logical to look for cloud mining where miner and you, both of you have to profit, how? when even one man can't profit well nowdays.

Name: msoayu56
Posts: 2
Activity: 2
Merit: 0
Position: Newbie
Date Registered: April 06, 2019, 10:29:22 AM
Last Active: April 10, 2019, 09:07:44 AM


 ???

I looked at your question in this thread and I confess that I do not understand where you want to go with these questions ... one more thing I must tell you: stay away from cloud mining because you will waste your time and money if you use these cloud mining sites, I hope you listen to me

It seems that you completely don't understand how mining works. It can't be cheap and short therm.
First of all, mining can't be short term, it's long term investment. Secondly, if you are investing in real mining, these contracts aren't cheap. And finally, 99.5% of cloud mining websites are scams and ponzi schemes. The rest are just not profitable.
If you don't want to lose money just stay away from cloud mining.

We are in April 2019, and some people still talk about cloud mining. countless times proved fraud scheme but people still want to try this easy money. I still can not understand, why greed blinds people and they do not see obvious things.

Cloud mining does it still exists? I thought it's been lost from the crypto sphere permanently.
If you find one in 2019 then keep a distance from that site, most probably that's a hyip/ponzi.

Cloud mining still exists because newbies to crypto and others that don't think their decisions through still invest into it. Most people that have been in these forums for a while know how cloudmining is and how little the profit margins are if you're even able to break even, mostly the newer people here that look at cloudmining.

Bitdeer does offer some shorter-term cloudmining contracts, but there's really just not much money to be made in them with the pricing of the contracts and Bitdeer wins in the end, not you. If you want to mine but don't want to mine at your own home or have electric costs, hosting miners is always an option. You'll have to buy the miners yourself and send them off to wherever the hosting facility is, but you won't have to deal with the problems of home mining.

There are always newcomers. There are always a forum which discussed those kind of sites. In other words, there are really people who will fall again and again on that scheme.

For them to learn, sometimes it's way better if they will experienced in actual what will be the result behind those promises.

It's a battle of common sense by the newbies and only those who will fully used it will able to avoid being busted.

Based on Google translate, that Chinese thread said "As the Title Said" and the title translates as the OP of this thread.

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@msoayu56 I don't know if you can comprehend what they are saying but, this will do:
Cloud mining is a Scam!

Like all the other are saying don't trust these cloud mining anymore, they are just not profitable like in the past, maybe some of your friends told you that they made money from cloud mining, but that was in the past not anymore in the present times, better buy good coins or trade but do your own research first, like what you've done now.