Bitcoin Forum

Please explain me the principle of CLOUD MINING ?

For example - I have good power GHs  for what would be mining at these facilities with a profit ...
But, I don't mining on these facilities. I made these facilities rental other guys ...  WHY ? :o
Why do I need to do it, if I can mining these capacities himself and to have a profit ?

Thanks in advance for your opinions

http://2.bp.blogspot.com/_f5tbJirsHXU/SqPbDvN2XXI/AAAAAAAAADY/qXDvoHFz79U/s320/unicorn+power+design.bmp

link is in my signature, a good read and awareness for people.

Not all cloud mining companies are scam, cex.io is a legit company. But most cloud mining companies is a scam. If they don't have evidence where did they point there hashpower, it is most likely a scam.

There are couple of cloud mining being a scam. It's like a trend nowadays. Let's back to convensional mining. Trading is the only alternative to avoid the scam-thingy.
I think investing in cloud mining isn't secure, it always ended with scam.
If all Cloud mining sites did as they should having a cloud mining business would be a great business.

Its partly myth partly reality. Some sites are legit and some are scams. You got to decide by considering everything.

I wonder why did u post it in 'Games and rounds' section ?

maybe he thinks that its something like ponzi so he decided that its just a game

well, one of the largest operations seized due to increasing difficulty, which is CEX.

Only reason I see they stopped or paused operations is they notice the value of bitcoin too much to even operate.

most of them are ponzi..
But some of them really mak mining
Forexample cex, hashnest..

its not a good reality for mining in general lol.

just go buy and hold it.

Scam or not, they're not really profitable... And it's never the same as having a miner on a location of yours!

Cloud mining is mostly a myth. I were you I would just buy the bitcoin directly and wait for its rise 1 - 2 years later it would be sure profit. Once bitcoin halves its price will double to tripple.

at this point, its becoming a myth and bitcoin is alone is slowly getting hurt based on the whole scamming scene.

everyone who doesnt know about bitcoin, will probably dont want to touch it. too much to learn for the average person.

1 out of 10 cloud mining companies is legit.

Make it 1 of 100 cloud mining is legit. Almost all is a scam to me.

this thread section should be changed into service discussion or something else, not gambling...

Cloudmining is a Big Lie, most cloudmining companies is a Ponzi! Stay away from them.

why would people sell you their hashing power if they could make more mining on their own?
they wont, so they charge you to rent their hash power and they make more money to reinvest in more mining equipment.

For me,just the case of cryptomine is enough to just keep away from this cloud mining.

for me i only trust cex.io and zencloud  ;)

you can trust it
but if you got 0 ( Zero ) profit, what is your purpose joining cloud mining ?

thanks to everyone who found a few minutes to write in my topic

today I have a few different opinions, but the majority were in favor of the fact that 90% cloud mining company - ordinary and not so ordinary ponzi ...

only a few cloud mining company deserve or what not a lot of trust  :(

i guess cloud mining non profitable now and maybe they are who dumb bitcoin price.

It is risky bussines right now, thats true, but Hushnest or - from my site Kryptologika.pl are legit.

Hashnest and cex is trustable but nor profitable
others is profitable but you cant trust  ::)

Well said :)

But Cex.io have some break, they resume mining?

maybe they will
but if bitcoin prize under 400 dolar, cex will not profitable..
as same for hasnest under 300 dolar..

Hmm.. i have unofficial info that unprofitable is under $190 but this is probably about pure mining maybe, not counted staff salaries and other things..

they might be trustable in the sense that they wont get "hacked" and run off with funds, but they arent exactly profitable.

My opinion is unique, I do not believe in any CLOUD MINING

Isn't cloud mining almost the same as a HYIP / Ponzi? Either way just a waste of time.

Cloud mining that's cloud mining ;) Just because some of services collapse, now many people think that all of them are scams. That's not true.