Bitcoin Forum

Yes, I am new to this business, and I've been searching a lot about cloudmining. I've seen some interesting ones like: Hashnest, Hashflare and Genesis...
But the good old voice of the internet always shows up saying that is either good or bad to do such a thing... I don't know much about Bitcoin, but I know that finding blocks has been very hard...
But is it still worth it investing in it? And if so, where should I start?

OP, currently there is a thread which still discussing about same question like yours  ;) Check this out https://bitcointalk.org/index.php?topic=1754601.0
Almost all people (>95%) said if it is not worth if you are invested your money in any cloudmining sites. Mostly they are turned to a scam site. Better to invest your money in other place (not HYIPs/Ponzies)

HYIP's, ponzies and cloud mining are same shit, only with different names. It would be best to avoid all types of such investment sites. But if OP really wants to invest, I agree that HYIP's are better than cloud mining, because they gives bigger returns. But risk is bigger, because HYIP's works shorter than cloud mining. But all of them ends with scaming people.

Like what others have rightly said, if you love your money in the sense that you appreciate the effort you put into it in getting it, stay away from cloud mining the statistics have never been wrong about cloud mining that 95% as someone as said earlier is scam you see the remaining 5% which you cant even know which one falls into that category 3% will eventually turn into scam while the remaining 2% it will take forever for you to ROI... You can then make your choice...

return of investment in cloud mining is not competitif
and majority not real mining only ponzy shcme
only ponzy site not diference hyip site, but hyip site is very  high profit

cloudmining was never worth it. 99% ponzis

it is not competitif, but it is not worth and it is has high risk when you put big amount or invested in cloudmining sites.
Why you said HYIP sites are very high profit? Its all just lie from scammer, you won't get anything in HYIP sites even single penny.

i am since last two years in this market and  in past i invested in two cloudmining sites and yes both were scams, and its true i think as other 99% users saying cloudmining is scam

Really not worth it, even if you find a legit one it will take a year to make your tiny ROI, myself I used Genesis and it took a whole year to make such a small amount it just isn't worth it, chances are you will be scammed as there are a lot of dodgy ones out there.

Look at other ways of generating bitcoin, trading, services and so on you will be much better off in the long run.

Cloud mining is basically a different form of ponzi. Since the appeal of HYIP is decreasing day by day due to the scam admins, they are moving to cloud mining. Many of hyip admins are trying to start cloud mining business.

However, unlike hyip, cloud mining is a low paying program. Hence the sustainability is more than the usual ponzi hyips. So always follow the same golden rule of hyip industry in cloud mining as well, that never invest anything which you can't afford to loose.

Cloudmining isn't worth the time and money. If you invest in cloudmining there is always a chance admin runs away with your money. Try trading to make some profit. But there is also the chance to loose some money.

Let's say that cloudming is really a legit method or there are companies that giving a genuine operation of cloudmining, it's worth investing if you have a very large amount (when I say large amount, really a large amount for a range of $1,000 up or maybe it's still not enough) willing to the risk but take note that the amount you will spend here is so much worth it if you will just hold bitcoin.

Back to reality, it's not profitable to invest in a cloudmining because of the current mining difficulty and rewards. If you saw some cloudmining sites that offers decent amount of profit in just a short period of time then it's obvious thing that you must already know.

Don't ever waste your time investing to cloud mining because it is never worth to invest there. Don't waste your bitcoins.

All of them are just a total scam, ponzi schemes so that will just result in disappointment, many of us here did experience it already.

Because we don't know what they were really was.

They's manny threads on this here topic, an' mosta tha smart people keep sayin' the same thang ova and ova and ova.  That one thang is thet these cloud minin' sites is all scams.  I din't know nothin' about thet sorta thang befo' I came here, an' now I'm dang glad I neva put no money inta that shit.  My unnerstandin' is thet they's all scams.  Ever single onnea them.

It is better to only advertise that kind of site not invest only advertise and you need carefully if you want advertise that type of sites because you need to find cloud mining which can have long life and then you can have nice profit.

Please make a search in forum as there are many good answers to the question you are asking here.

TL;DR NO. It does not worth investing there, most of them start paying you in the begining (but you still are not reaching the ROI)

And then start delaying the payment and the website gets shut down, the ROI maybe can be reached but it will take really long which doesn't worth.

Most of the cloudmining websites are ponzis. The legit ones, you'll barely break even, no profit. Better just buy graphic cards and setup your own GPU mining rig(s) and mine newest shitcoins and hope they make it to a big exchange and get massive pump (ex: Pascal coin)

i don't think if invest at cloudmining site will be worth and safe even more the bitcoin price is still high at this moment lots of scammer will be come with their cloudming and make it looks like real mining but i am sure if it's not real mining and only ponzy scheme and it will not long live and will stole investor money better to not invest your money at any clodumining site

It is not going to be worth it because it's hard to believe nowadays with cloud mining sites. Because there are already cloud mining that showed their true nature and there are some that are still existing and manage to get the trust of the people but anytime they can collapse. Just don't invest in cloud mining, better to invest in casino's.

if i can choose between cloud mining and hardware mining, i will choose hardware mining because with that hardware, i have many option about what coins that will give the most profitable for me and i don't have to worried to get scam as long as i pay the electricity fee. the most cloud mining offers to mining bitcoin, dash, eth, and else which is have a big difficulties and if we only have small hashrate then its not good. but if we use hardware mining, i think we can choose coins with small difficulties but the coins have a good chance for giving us a big profit.

If you have not much ideas to earn bitcoin money then you can start own mining through your pc . But if you want make investment in the cloud mining then I don't think it is profitable .
First of all I will say cloud mining schemes are ponzi but few of them are legit but think before investment that "how much time this will take to return your initial investment "
So if you are looking for the investment in the cloud mining then think twice for the profit  or return of your investment .
Well opposite from these mining you can make money better money from the bitcoin trading , signature campaign and also from many faucet collections .

I don't think cloud mining is very profitable and on top of that you might get scammed. I know like all online investments you have some risks attached to it. Since entering the cryto-currency sphere I've been making most of my bitcoins from trading and revenue sharing. Make sure you know what you're doing otherwise you might loosing more than you hoped. Best of luck :D

THESE QUESTION HAS BEEN ASKED SEVERAL TIMES, MOST OF THE CLOUD MINING SITES ARE HYIP/PONZI. AND MANY MEMBER HERE ALSO SAID THIS MANY TIMES THAT NEVER, NEVER TRY TO INVEST IN ANY BITCOIN MINING SITES, YOU WILL JUST LOSS YOUR INVESTMENT DUE TO THEY TURN ALWAYS TO SCAM SITE. I GUESS YOU DON'T LIKE TO BE A VICTIM OF THEM. RIGHT?

definetly i have to see where to invest some coins, but cloudmining according to what i have seen in the forum. i have no experience with mining, and when i had some savings, this was my first option, genesis mining or hasflare, i will have to find where put the coins, for generating some profits, if this is not an option what about ICO or IPO?

You can try to use landing pages which offer you to collect emails and then you can create wmail site and you can send emails with referral links to every person which gived you email in landing page and you can become rich with this way easy.

that is why i get so many spams in my email account, and i hate that

Ah nope try using a calculator and compute how you will be earning in your contract with the cloud mining you are in then you'll know that its not profitable.
With the increasing difficulty in bitcoin mining that is solving some computer algorithms to get bitcoin has become rather hard.
If you dont want to lose your money in this investment site, i suggest dont try it.

what about those that claim they are getting profits from genesys and hashflare, scammers?

i think its true because this is what i am get from genesis after i am making investing with them but i need almost one year before i can take my roi. to make investing in cloud mining is worth but you need to thinking about the long time that you can reach your roi and you should be patience for this. if you can patience, so you are fine but you need to choose the legit cloud mining.

I believe 99.99%  of Cloud mining are scams, though some of them seems to have perfected ways to get the best out of their contract offer. One or two among them  that people thoght are not scam, will be using your money to expeand their business without you making any profit from your investment. Buy any token you want to buy especially Bitcoin

It is not worth it right now cause most of the cloudmining sites are just a bunch os scums as of the moment,
And also the price of the bitcoin keeps on getting high so instead of earning some you would just have the same amount of USD if it is just a small investment.

have you tried to withdraw some of your money or are you investing the profits, just to know if you were able to withdraw successfully your profits

You know what, you misleading yourself in believing cloud mining was a good investment. As you can see in this forum they gave you advices and opinion for not investing in any cloud becasue it a kind of scam sites, or Ponzi scheme.

i guess we should start trading, i ll have to study cause i have never done it, and isn't easy

with presence forum bitcointalk,We can do investation with coin coin that will be released,in investments in cloud mining just A waste of time and capital,which will turnover need time most two years.

Some companies are paying automatic withdrawals daily, but till now I didn't make any profits from it.Maybe it will take more time to get my ROI, without knowing anything we simply invest into cloud mining, without checking any background verification about cloud mining site.
The only suggestion I can give you is before investing into cloud mining better research about their past history regarding withdrawals and their status.

IMO, it's not a good moment since bitcoin as I can see  , keep growing so it's time for us to hold bitcoin as long as possible to gain significant profit
AFAIK , cloudmining are not worth enough to invest since my experience taught me that cloud mining site always dissappear before I got profit but if you still want to invest, just do not invest more than you can afford to loss