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Title: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 09:32:18 AM Guys,
I came across this a long time ago and at that time I wasn't really sure to invest or not. But now so much scam has collapsed, while some are pretty stable. So should I invest in cloud mining contracts, and if yes which ones should I invest in? Title: Re: Is cloud mining still profitable? Post by: Gisado on March 07, 2015, 09:45:59 AM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0).
Most of them are scam, and even if they are legit, I don't think it's profitable. Title: Re: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 09:47:13 AM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0). Most of them are scam, and even if they are legit, I don't think it's profitable. So most of them are ponzis? I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining? Title: Re: Is cloud mining still profitable? Post by: Amph on March 07, 2015, 11:49:15 AM no they aren't since long time, better to hold your bitcoin, or trade them if you are good, in trading
Title: Re: Is cloud mining still profitable? Post by: bitwarrior on March 07, 2015, 11:56:53 AM Nope , cloud mining is no longer profitable..a lot already closed down due to operation costs. If you manage to invest on some I doubt you can make your investment back, not even in a long time.
Title: Re: Is cloud mining still profitable? Post by: dr1980m on March 07, 2015, 01:45:27 PM now it isn't
but maybe i it will if bit coin prices increase more then 300 dollars.. Title: Re: Is cloud mining still profitable? Post by: CrackedLogic on March 07, 2015, 01:58:21 PM cloud mining was never profitable. Don't put your money into these ponzi's. Look at how pbmining.com turned out.
Title: Re: Is cloud mining still profitable? Post by: ToQcHista on March 07, 2015, 02:07:56 PM Guys, I came across this a long time ago and at that time I wasn't really sure to invest or not. But now so much scam has collapsed, while some are pretty stable. So should I invest in cloud mining contracts, and if yes which ones should I invest in? I advise you will use this company > https://bit-x.com/ most truther , payer and reliable . nowaday . i now using this website. you if don't want will buy hardware and put home therefore i advise you will use bitx. https://bit-x.com/ Title: Re: Is cloud mining still profitable? Post by: sherbyspark on March 07, 2015, 02:28:46 PM Well some of them are. In the beginning I was part of the cloudminr campaign , where it paid 18 GH/S , and I havev been able to get a positive ROI within 4 months by now
Title: Re: Is cloud mining still profitable? Post by: Phildo on March 07, 2015, 02:37:22 PM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0). Most of them are scam, and even if they are legit, I don't think it's profitable. So most of them are ponzis? I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining? You give them money. Instead of wasting that money by buying and operating miners, they just do the math and see how much money you would have earned , and give that money back to you. These had been able to go on for a while because most miners would never payout the amount of money you paid in. If they did, the operator could use other people's money to payout, or just take the money and run. If someone is actually running miner in their cloud mining you should be able to point the miners where you want them and you should be able to look on the blockchain and see fresh coins be mined, and go to your address. Title: Re: Is cloud mining still profitable? Post by: pozmu on March 07, 2015, 02:39:43 PM Only invest in cloud mining where you can set your own custom pool and watch your miners work.
I don't know how many such services exist besides betarigs/leasearig/miningrigrentals. If you can't set your custom pool it's very likely to be a scam :o Title: Re: Is cloud mining still profitable? Post by: foxkyu on March 07, 2015, 04:12:18 PM Nope. Most of cloud mining is ponzi/scam
you better hold your bitcoin, or trading it if you want more Title: Re: Is cloud mining still profitable? Post by: 1Referee on March 07, 2015, 04:26:07 PM Cloud mining is fine if you just want to have it for testing purposes and don't mind to take a loss.
Other than that there is barely a chance nowadays to get a profit. It's just a waste of time. Title: Re: Is cloud mining still profitable? Post by: xstr8guy on March 07, 2015, 04:31:41 PM Simple answer... No.
Don't waste your time, money our effort. Home mining is dead as well. Bitcoin mining has long since passed into the hands of those with (very) deep pockets and will never return to the masses. If you really need to invest in BTC, just buy BTC. Otherwise... move along, nothing to see here. Title: Re: Is cloud mining still profitable? Post by: xstr8guy on March 07, 2015, 04:34:14 PM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0). Most of them are scam, and even if they are legit, I don't think it's profitable. So most of them are ponzis? I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining? You give them money. Instead of wasting that money by buying and operating miners, they just do the math and see how much money you would have earned , and give that money back to you. These had been able to go on for a while because most miners would never payout the amount of money you paid in. If they did, the operator could use other people's money to payout, or just take the money and run. If someone is actually running miner in their cloud mining you should be able to point the miners where you want them and you should be able to look on the blockchain and see fresh coins be mined, and go to your address. You could have shortened your post considerably just by saying, "most cloudmining is a Ponzi scheme". ;) Title: Re: Is cloud mining still profitable? Post by: ToQcHista on March 07, 2015, 04:37:14 PM Simple answer... No. Don't waste your time, money our effort. Home mining is dead as well. Bitcoin mining has long since passed into the hands of those with (very) deep pockets and will never return to the masses. If you really need to invest in BTC, just buy BTC. Otherwise... move along, nothing to see here. A small profit is still. should will buy very much GHS and get you many btc. Title: Re: Is cloud mining still profitable? Post by: specgamer on March 07, 2015, 07:19:05 PM Don't invest your bitcoins into cloud mining, most of them are scams. Hold on to your bitcoins and I suggest you make trading offers with them. Wait until bitcoin go up then you can have more options.
Title: Re: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 08:15:51 PM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0). Most of them are scam, and even if they are legit, I don't think it's profitable. So most of them are ponzis? I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining? You give them money. Instead of wasting that money by buying and operating miners, they just do the math and see how much money you would have earned , and give that money back to you. These had been able to go on for a while because most miners would never payout the amount of money you paid in. If they did, the operator could use other people's money to payout, or just take the money and run. If someone is actually running miner in their cloud mining you should be able to point the miners where you want them and you should be able to look on the blockchain and see fresh coins be mined, and go to your address. That's interedting... So they fake the transactions to look like they're mining and that's a ponzi? Title: Re: Is cloud mining still profitable? Post by: xstr8guy on March 07, 2015, 08:33:48 PM From Google...
Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. Title: Re: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 10:15:53 PM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? Title: Re: Is cloud mining still profitable? Post by: CrackedLogic on March 07, 2015, 10:48:02 PM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksTitle: Re: Is cloud mining still profitable? Post by: Phildo on March 07, 2015, 10:50:28 PM Read CloudMining 101 (https://bitcointalk.org/index.php?topic=878387.0). Most of them are scam, and even if they are legit, I don't think it's profitable. So most of them are ponzis? I mean how can a cloud mining ponzi work? I know if they don't mine they're scamming but how can they do a ponzi out of cloud mining? You give them money. Instead of wasting that money by buying and operating miners, they just do the math and see how much money you would have earned , and give that money back to you. These had been able to go on for a while because most miners would never payout the amount of money you paid in. If they did, the operator could use other people's money to payout, or just take the money and run. If someone is actually running miner in their cloud mining you should be able to point the miners where you want them and you should be able to look on the blockchain and see fresh coins be mined, and go to your address. That's interedting... So they fake the transactions to look like they're mining and that's a ponzi? Yes. If you give me 1btc for mining hashpower that will only generate .9 btc, why would I bother buying a miner and wasting electricity. I can just slowly give back .9 of the 1 btc you gave me over time. if I was really mining the coins I gave you would be very very fresh, and I would be able to show you on the blockchain where the coins were mined and how they got to you. Title: Re: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 11:32:51 PM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksI've heard that blockchain.info's information isn't always correct. What if the company says that they uses their own miner products? Such as zen hashlets. Title: Re: Is cloud mining still profitable? Post by: Berau on March 07, 2015, 11:34:42 PM Yes. If you give me 1btc for mining hashpower that will only generate .9 btc, why would I bother buying a miner and wasting electricity. I can just slowly give back .9 of the 1 btc you gave me over time. if I was really mining the coins I gave you would be very very fresh, and I would be able to show you on the blockchain where the coins were mined and how they got to you. Hmm... So they're just paying out from their hot wallet, instead of investing the money other people has invested into real mining? How can you prove that "my coin is freshly dug"? Title: Re: Is cloud mining still profitable? Post by: Phildo on March 08, 2015, 12:12:44 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksI've heard that blockchain.info's information isn't always correct. What if the company says that they uses their own miner products? Such as zen hashlets. The coins have to come from somewhere. Find the transaction where you got the coins on the blockchain, and see when they were created. Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 12:16:53 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksI've heard that blockchain.info's information isn't always correct. What if the company says that they uses their own miner products? Such as zen hashlets. The coins have to come from somewhere. Find the transaction where you got the coins on the blockchain, and see when they were created. Is there information on blockchain.info regarding which address has mined the coins? Title: Re: Is cloud mining still profitable? Post by: tspacepilot on March 08, 2015, 12:22:42 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksWhat about this? https://en.bitcoin.it/wiki/Comparison_of_mining_pools Shows the TH/s of most pools. Is that what he's looking for? Maybe I missed something. Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 12:27:51 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksWhat about this? https://en.bitcoin.it/wiki/Comparison_of_mining_pools Shows the TH/s of most pools. Is that what he's looking for? Maybe I missed something. I'm looking for how I can check which address generated the bitcoin, so that I can check if a site is legit, or just a ponzi. Thanks for the kind advice guys. Title: Re: Is cloud mining still profitable? Post by: Phildo on March 08, 2015, 12:28:53 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksI've heard that blockchain.info's information isn't always correct. What if the company says that they uses their own miner products? Such as zen hashlets. The coins have to come from somewhere. Find the transaction where you got the coins on the blockchain, and see when they were created. Is there information on blockchain.info regarding which address has mined the coins? Yes, you can trace all coins on the blockchain. See this address, https://blockchain.info/address/14yfxkcpHnju97pecpM7fjuTkVdtbkcfE6 there are lots of fresh coins in there, it belongs to someone who is mining. When someone receives a payment from someone, you can backtrack to see where the coins come from. If you are getting coins from cloud mining, it really shouldn't take that man clicks to get from you getting the coins to "No Inputs (Newly Generated Coins)" because the point of cloud mining is to distribute those newly generated coins to the people that paid for the miners. If they are the same coins you already gave them, something is up. Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 12:30:43 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksI've heard that blockchain.info's information isn't always correct. What if the company says that they uses their own miner products? Such as zen hashlets. The coins have to come from somewhere. Find the transaction where you got the coins on the blockchain, and see when they were created. Is there information on blockchain.info regarding which address has mined the coins? Yes, you can trace all coins on the blockchain. See this address, https://blockchain.info/address/14yfxkcpHnju97pecpM7fjuTkVdtbkcfE6 there are lots of fresh coins in there, it belongs to someone who is mining. When someone receives a payment from someone, you can backtrack to see where the coins come from. If you are getting coins from cloud mining, it really shouldn't take that man clicks to get from you getting the coins to "No Inputs (Newly Generated Coins)" because the point of cloud mining is to distribute those newly generated coins to the people that paid for the miners. If they are the same coins you already gave them, something is up. Wait... I've heard that one characteristic of a ponzi is that they don't allow you to cashout your earnings conveniently. Does that mean that pbmining is a ponzi? Because they don't allow you to trade your contract and has high cashout standards. Title: Re: Is cloud mining still profitable? Post by: tspacepilot on March 08, 2015, 12:31:10 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksWhat about this? https://en.bitcoin.it/wiki/Comparison_of_mining_pools Shows the TH/s of most pools. Is that what he's looking for? Maybe I missed something. I'm looking for how I can check which address generated the bitcoin, so that I can check if a site is legit, or just a ponzi. Thanks for the kind advice guys. So you want to check, for a given block, which computer on the network found the block? Or you want to do this for all blocks? There's a difference between the IP address of a computer which solved a block and the address where the block reward went. Are you talking about mining or simply sending a transaction. Sorry it's not clear to me from your post. Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 12:47:43 AM From Google... Quote A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Eventually, Ponzis always collapse. Early investors may actually profit but later investors get seriously screwed. So how can I know if a cloud mining company is actually mining or it's just a scam? I.e. Is there a site that I can check the GH/S of a pool? You can't. If they advertise that they use equipment from a certain provider you can ask the provider to approve the cloud miner company to see if they actually did order the miners. Quote Is there a site that I can check the GH/S of a pool? Not that I'm aware of but there's this https://blockchain.info/blocksWhat about this? https://en.bitcoin.it/wiki/Comparison_of_mining_pools Shows the TH/s of most pools. Is that what he's looking for? Maybe I missed something. I'm looking for how I can check which address generated the bitcoin, so that I can check if a site is legit, or just a ponzi. Thanks for the kind advice guys. So you want to check, for a given block, which computer on the network found the block? Or you want to do this for all blocks? There's a difference between the IP address of a computer which solved a block and the address where the block reward went. Are you talking about mining or simply sending a transaction. Sorry it's not clear to me from your post. No like to check if a site is legit mining or is just paying out from what you sent them, so I need to check whether there's a newly created bitcoin block related to the payout address, or it's just from other people's sent bitcoins. Sorry for being unclear. Title: Re: Is cloud mining still profitable? Post by: Phildo on March 08, 2015, 01:09:23 AM If they are legit they really shouldn't have a problem sending you links on the blockchain to their payouts and showing you that they are legit. That's the whole point of crypto, everything is written down and can't be faked. If they can't show it to you, why trust them?
Title: Re: Is cloud mining still profitable? Post by: Syke on March 08, 2015, 01:16:41 AM How can you prove that "my coin is freshly dug"? Look at this block: https://blockchain.info/block-index/814643 Under Transactions you see: Quote No Inputs (Newly Generated Coins) -> That's how you know those coins were first mined. Title: Re: Is cloud mining still profitable? Post by: Monetizer on March 08, 2015, 01:20:09 AM Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will.
Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 01:31:21 AM Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will. I tried cex.io with less than BTC0.05, within a few days of purchase of GH/S, my btc balance went negative from the maintenance fees. But was damn lucky to sell that gh/s for something like 0.07, due to market fluctuations. Title: Re: Is cloud mining still profitable? Post by: Phildo on March 08, 2015, 02:44:45 AM Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will. If someone had a money making machine that would generate x dollars/paycoins/whatever why would they rent it to you for less than that? Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 02:47:04 AM Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will. If someone had a money making machine that would generate x dollars/paycoins/whatever why would they rent it to you for less than that? Lol, what are paycoins? ??? Another altcoin? Title: Re: Is cloud mining still profitable? Post by: jacktheking on March 08, 2015, 02:49:48 AM No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based.
Title: Re: Is cloud mining still profitable? Post by: Berau on March 08, 2015, 03:07:19 AM No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based. I don't think cloud mining uses up electricity, did you just mean maintenance? Title: Re: Is cloud mining still profitable? Post by: CrackedLogic on March 08, 2015, 05:41:43 AM Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will. I actually invested in PBmining early and escaped with a whopping 0.01btc profit. Title: Re: Is cloud mining still profitable? Post by: ToQcHista on March 08, 2015, 05:50:43 AM your will use this mining website > https://bit-x.com/
Title: Re: Is cloud mining still profitable? Post by: finlon on March 08, 2015, 05:53:34 AM your will use this mining website > https://bit-x.com/ Yeah seems thats the only reputed site running for now. Apart from that the only other site I would invest in is Hashnet. Title: Re: Is cloud mining still profitable? Post by: ToQcHista on March 08, 2015, 05:57:52 AM bitx better . Title: Re: Is cloud mining still profitable? Post by: Phildo on March 08, 2015, 01:18:43 PM No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based. I don't think cloud mining uses up electricity, did you just mean maintenance? where do the coins come from if nothing is plugged in? Title: Re: Is cloud mining still profitable? Post by: CrackedLogic on March 08, 2015, 01:23:32 PM No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based. I don't think cloud mining uses up electricity, did you just mean maintenance? where do the coins come from if nothing is plugged in? It's a ponzi which uses users' deposits to share it amongst others I'm order to return a profit. They would need a constant flow of people investing Title: Re: Is cloud mining still profitable? Post by: flyingplows on March 08, 2015, 06:35:37 PM bitx better . they are both good, but if you are not sure, i would suggest bit-x also, because their website is more clear and overall everything is easier to quickly understand. while hashnest website seems to be translated from chinese language, at least for me it is sometimes a bit confusing to choose between the options and so on. so my advise would be to start at bit-x and then when you feel more comfortable and want to diversify you can expand to hashnest, havelock or some others... although dont know what others after amhash fiasco... well.. genesis-mining maybe, but the roi would be hard there believe me ::) Title: Re: Is cloud mining still profitable? Post by: Berau on March 10, 2015, 05:27:15 AM your will use this mining website > https://bit-x.com/ Bit-x is operated by marcotheminer though, who is subjected to constant controversy. I wouldn't mind though putting some of my spare cash into it though. Title: Re: Is cloud mining still profitable? Post by: tspacepilot on March 10, 2015, 03:06:26 PM your will use this mining website > https://bit-x.com/ Bit-x is operated by marcotheminer though, who is subjected to constant controversy. I wouldn't mind though putting some of my spare cash into it though. Just some clarifications/corrections: First, I think that bit-x is an exchange, not a cloud mining service. Second, I'm pretty sure that marcotheminer is simply managing their signature campaign, not operating the company. Title: Re: Is cloud mining still profitable? Post by: dsly on March 10, 2015, 04:18:28 PM your will use this mining website > https://bit-x.com/ Bit-x is operated by marcotheminer though, who is subjected to constant controversy. I wouldn't mind though putting some of my spare cash into it though. Title: Re: Is cloud mining still profitable? Post by: ysle11 on March 10, 2015, 07:11:16 PM http://scrypt.cc/banners.php?b=2&u=7Cij40iyGVHvnQWbSAoA1YTIgbvQ9HRT (http://scrypt.cc?ref=baipK)
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