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I don't trust any, too much ponzis. Pretty sure your friend is only intrerested to enroll you in, to earn a commission, if any

Cloudmining sites is never a good investments and most people here on this forum knows about these crap website on which they are just total scams and really a waste of time and its better to stay away from this if i were you and dont believe to your friend and as the man said above me that your friend reacruiting you just for referal bonuses.

Cloud mining is not good for investing now. You are hard to collect your funds in short term . it's usually 2 or 3 years later even more longer and it's very easy to scam you at anytime. You can consider to buy more bitcoins and hold it for long time or you can investing some good ICO project such as Komodo Project https://bitcointalk.org/index.php?topic=1605144.0 or Chronobank https://bitcointalk.org/index.php?topic=1680361.0. They are some good ICO projects you can believe in them in the future.

wow i didn't think it was a scam....
thank god i didn't have any money when my friend told me about it  ;D  ;D

It actually depends on a lot of factors. BTC price aren't constant and fluctuates a lot, so your cloud mining profits will depend on this fluctuations. They also charge you maintenance  fee, which all together might take long enough to break even and start making profits. But maximum number of cloud mining sites are scam and ponzies. So make sure you be careful while making an investment on cloud mining sites.

Cloud mining is the most high profitable investment.  It doubles your money faster,  and it run your money faster caused it is not trusted. Try to think in advance,  why it is happen ? If they do the high profit,  many people will invest to them so that is the reason. And if they do that for a long time,  the company will be down.  Thats the reason why they run away in just a couple days and forget the investment of the investor.  I say that cause I have an experienced of that,  I'd lost some of my money because of that.

Maybe before but not anymore,there have been a lot of cloud mining that has gone down and the admin run away with investors money in the past,but if it is a registered company and they have a proven track record or you have visited their mining rigs then it's ok to invest ,but I still consider this as a risky investment.

cloud mining is not good investment
because not real mining only ponzy scheme and next time can scam
if you self mining use hadware still profitable

cloud mining was never a good investment...

Such question like this always appeared every year ::) people don't want to research about what they want to do, there are a lot question about cloudmining, OP you better should use search features before make a question.

Well, with become increased bitcoin price, also mining difficult increase, bitcoin mining activity nowadays is very competitive, it's much harder to earn profit.
Moreover investing in cloudmining, the risky to considering is so much, ponzi scheme, collapsed, and not profitable(even you can't earn ROI in the right time).
So, my suggestion if OP want to do a mining, don't half measures, build your own mining farm.

Go to ask somebody brought cloud mining person, and to ask them give you advice. Any way , many people would failure invest into cloud mining , indeed their are lots of scam and Ponzi , but like pow88.com and hashnest , BTT hold on a certain post , many investors have confirmed they are not scam. They are trustable.

Is it a good investment ?

Miner Price: $768.37
Electricity fee: $1.1023/6THs/Day

Depends on how many btc you want to earn form cloud mining . Pow88.com will make your miners back to your destination after you choose to redeem at the end of mining hosting. 1 unit miner Avalon A7 can mining 1.2BTC in theory , and the miner cost only 0.8BTC.

Its not a best choice to invest cashes , but indeed a good choice in BTC.With difficulties goes higher, the profits will deduce. We also provide Litecoin MINERS.

nope! as years pass by cloudminings are not profitable since the profits we accumulate from this is getting little by little and surely this type of investment option will be dead on upcoming years and those who will remain are only the scam site who's intention is to run a ponzi scheme and scam people around, better to try another profit earnings option rather than putting some capital on cloudminings its because i believe its worthless to put your money in their.

Your friend is a liar and not your friend at all.

There s no way one can reach ROI in 2.5 months, money does not fall down from the sky. You re way, way too late to enter mining business. So control your greed and read a bit before you spend you money.

Cheers.

Commission would be the only thing I can think of for why anyone would get involved. The idea behind cloud mining should make it obvious you wouldn't ROI. Why would I say "hey guys, I'm earning $100. How about you give me $80 and I'll not only give you the $100, but I'll do ALL the work and pay various expenses along the way, too?!"

Why would you invest in cloud mining? At the first place the ROI would take so long and it will turn scam in the long run. Find another way to earn some profit.

- Your friend may be trying to get some referral commission out of your investment.
- 100% profit in 75 days from cloud mining can't be a real return, this is enough to say they are actually hyip not mining anything.
- No investing in hyip with the face of cloud mining is risky, they can go offline within few weeks or days.
- There are no any best cloud mining sites to invest and get profit quickly, there are few but you may not get what you have invested back in next 2-3 years.  ;D

It's indeed ridiculously stupid to continue trying to squeeze profits out of an industry that has been only profitable to the operators of the cloud mining sites.

But that's unfortunately not how some people think as they still look into cloud mining even though it's only a huge waste of time and money due to the constant increasing difficulty.

Also take in mind that operators can boost their profits at the time they get greedy by increasing the maintenance fees significantly. Every bit of income that you was generating when a block was found, goes directly to waste.

you can always make your own calculations to see how long it will take for you to earn your money back (ROI) and then make profit but it is not 2.5 months. also when you are doing calculations you have to consider difficulty which is increasing and when it goes up your profit goes down.

and all this is only if the site is legit and not ponzi. there were some back in 2014-2015 but when price went down in those years and difficulty went up as always, they stopped working. and even back then it wasn't really a good investment.

This is just a fake claim, mining is not much profitable due to high difficulty and low block reward. Getting back what you have invested in just 75 days  :o  ???

Stay away, they may scam you within next 30 days or even earlier.

I have an experience ini cloudmining and it is a bad experience, just go away from cloud mining, because you Will lost your money or your Investment , trust me

Not only money the time to login and check your account is not worth it, the level of earnings are not worth all the trouble and will take a year to ROI and most earnings is eaten up by fees

2014?

Your friend told you in 2014 right? Are you just thinking about cloud mining today? What cloud mining site did your friend invest?


You need to answer what I asked you so I can understand.

Invest in cloudmining site is not a good option for your money. Its only good when the site is new and it will surely close one of the day and run your money. why don't you try trading you can have much higher return if you're good on it.

In my opinion it is not a good investment, because people tend more to invest their money in trading and gambling now, as well as the mining concept has been replaced by other concepts like PoS and forging (Lisk), these ways are energy saver and might give better profit.

There will be no significant changes just due to the new year 2017 (as bitcoin prices are almost same levels at where it was in late 2016). Compared to two years back, bitcoin prices got appreciated 4 times where are mining difficulty raised more than 6 times. So, cloud mining will be the same like you must wait for tear long to gain back ROI.

It just leads to the same thing that people get caught up in: greed. The more greedy they are, the more they will "invest" in things that will only cost them money. But until people learn to THINK instead of be driven purely by greed, they will continue losing money.

While I'm reading your statement it makes me smile, But the word you mentioned was true and correct. I agreed on that things, even me I don't trust any cloud mining. Perhaps, the only member in bitcoin forum who's saying cloud mining is a good investment is the people trying to get the attention of others for them to recruit you only. Because for them in their sight you are Bonus they are not giving you opportunity instead you are giving them a BONUS.

It will never going to be a good investment throughout the whole year, in the past and in the future. They are scams just believe all the people here.

And if op's friend manage to get profit each 2.5 months, I guess he is one of the early investors of that cloud mining.

Cloud mining will always going to be scam and it is not worth to invest your hard earned bitcoins.

Yes, it was happened to me before. I was invested some of my money in cloudmining site, and i ended got scammed by them (LTCgear). I was almost got scammed too when i invested in script.cc, fortunate i withdrew my money before it scammed me. From that both examples, i don't want invest my money again in any cloudmining sites.

Even if you invested on a legitimate cluodmining site. Theres no guarantee it will give you much profit. It will take a long time before you gain back your roll of investment. Cloudmining is not profitable anymore. Maybe if you invested long time ago. Also, theres so much cloudming sites and many of them are just scams. Its too risky.

Cloud mining is always risky but i hear some positive feed back about but i still don't have any hope on it. Because when you invest in cloud mining you need to keep track of your return but what i observe is they are paying little amount on your investment, to get returns on your investment it will take some time.

The best answer is a simple NO. Whatever you do dont invest in any cloud mining operation. Most of them are ponzi schemes and if you ever find an honest one it will surely lose money. Think about it this way, how can a cloud mining business compete with todays industrial BTC miners from China some of who create their own Asics? 

Legitimate cloud mining sites aren't really different from scam sites as they at some point will go through not profitable times due to the difficulty going higher.

If the legitimate cloud mining sites don't do anything to add gear to their farm, they will see their percentage of the network that they account for only go down, and thus less blocks being found.

It will leave them with a few options :

- They expand their mining operations in form of buying new hardware. Quite often this is not an option for them.
- They shut down their entire cloud mining operations where they eventually quit mining entirely.
- They simply increase their maintenance fees to such a level, that you end up seeing all your rewards vanish.

Mainly the latter option is the most interesting for them as it saves them quite a bit money since they don't have to pay people out anymore.

Just look at what happened with CEX as that is the perfect example of how legit cloud mining sites can go nuts and leave people in the red. It's a done industry.

Cloud mining is never profitable no matter what even on the past months and even now. Cloud mining does still exist and keeps popping out because they know they can scam people everytime,thats why you should not put your money in any cloud mining sites. They might there are some legit ones but its not profitable anymore.

Ok let's erase the fact that most cloudmining are scam. Let's say they are all legit and a trusted company, still with the current difficulty and mining rewards, no way we can get a good profit even you have to put lots of money on it. When I say lots of money, you really need a big capital to purchase power, to the point that the said amount is not worth the risk to test the profits out of it.

Let's back now to the reality of most cloudmining are ponzis. Did your friend mentioned what site he was talking about? Back in 2014, there are lots of cloudmining companies that pays their members not because they are a legit but because they attract lots of investors so they can keep paying all their investors. No mining operations really happened but only statistical computation based on current mining difficulty.

There are 2 different risks always associated with cloud mining.

- Profitability of cloud mining. Even cex.io is a trusted services, many investors with them were not satisfied with the returns they got. The prime influencing factor here must be mining difficulty. We never will be able to predict it.

- Credibility of mining service. If we invest into a fake cloud mining services, there would be no guarantee for even capital.

But, I guess we may get new trend in profitability of cloud mining in 2017 as bitcoin prices are above break even levels. Still, mining difficulty may over shade them  >:(

I don't think that cloud mining is still a good way for investments in 2017, because a lot of site of CM are scams, Maybe a few one safe for now like genesis mining, but later they will scam. 
I have a bad experience with Cloud mining site, especially hashoceans. i got scammed there.
Anyways, I don't advice peoples to invest their money in cloud mining sites for this reason.
We should grow your btc by jobs and trading, It's really better than investing in CM sites.

Everyone that has invested in a cloud mining site have already been scammed at this point except to those that invested in genesis mining and other new cloud mining sites. But we all know how it will end. History just repeats itself. There are new cloud mining sites that claim that they're legit but that's the very same thing cloud mining sites in the past said.

There are cloud mining sites like genesis mining that are still paying right now but it would take a lot of time before you can even ROI. I don't think an investment this slow is a good thing. You might as well just time deposit your money in the bank since you'll never earn much from these types of cloud mining sites as well. In the banks, you're sure that your money wouldn't be scammed.

I will give you some information regarding about "PONZI" just take note of this, it means "STEALING" or "ROB" that's most people said here if there is a site like cloudmining, hasheer, hashnest, zcash, bitminister, etc. Those mining sites that I mentioned was a ponzi scheme, which means once you join in there you are starting to throw your investment. Hope this things will help you with your concern.

Indeed. Cloud minings are mostly created to steal other people with its Ponzi scheme. There is nothing to ensure with us that genesis mining is a true company so I suggest that you should stay away from them
It is really sad to hear that you got scammed by hashoceans. I did believe Hashoceans is a true company but I was wrong. They stole almost 6000 Bitcoin from users and it is really really terrible

it has been discussed a million of times:cloudminings are either PONZIs,with only purpose to steal your money
or places where you are not going to reach ROI(the few legit ones)
stay away from it,unless you know what are you doing
read this topic: https://bitcointalk.org/index.php?topic=878387
it should give you the criteria to check the sites on your own and to decide for yourself