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Must be legit too, I need to buy Cloudmining but give me advice guys !:)

Thanks :)


-Sammal-

Do you want advice? My advice is don't invest in cloud mining service.
1. Many cloud mining turn become scam after period of time. Beware with service which offer high return of investment. Most likely become ponzi
2. HARD to get ROI. Because mining is not profitable enough, it's common to see cloud mining investment not even reach break even.

best one that i know of (so far) is CEX.IO, last i checked the service was paused due to not being profitable.
check this thread: https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654 it gives you good insight on cloudmining services

Until a few days ago I would have said "AMHASH", but they're facing problems now as their equipment allegedly got stolen out of the mining warehouse and the CEO of ASICMiner (sort of parent company) has gone missing. Very strange things happening here at the moment.

CEx.IO still the best for this categories.
But you need more effort to make a good profit

Yeah with AMhash going down there really doesn't seem to be a trustworthy site anymore... It really is a shame that they seem to be going under, though.

I think, it is high time u understand the legitimacy parameters predicted in Cloud Mining 101 are pure BS. The overtly promoted AM hash boss FriedCat is now missing and there is a void in 'legitimate cloud mining' space. The best option u have now is www.CloudMining.website which is verified by third party to deliver ROI within 114 days...

http://www.anony.ws/i/2015/03/02/cmmonitor1.png

Source: http://www.cmmonitor.com/24-cloudmining-website.html

There will many people here to tell u some other story because they were fooled by that 101 as well and now trying desperately to sell of their AM hash share. Be careful...

People avoided that BS called Satoshi and/or Bitcoin a BS. :-\


So ponzis are better and don't have void? +1. ::)


Which is also verified by trusted referral-link-non-spammers to make you loose your money before you even think of it.


Referral link spammers like you do their best to dig a trap & loose their fishing line to an extent which they can't loose anymore and people like fishes bite the hook.


Did 101 tell you to buy from AMHash? You did at your own risk. It was better than those ponzis which run away with no warning.


Exactly! ^_^

   -MZ

I don't think there's such a thing currently.

If the service cannot prove ownership of hardware stay away from it!

I really recommend reading first similar topics, before posting new thread on very similar issue.
https://bitcointalk.org/index.php?topic=852857.0
It is a good practice to use one of the opened topics to post your question there, rather than start a new discussion.

There is no good cloud mining service at the moment
cex.io : very hard to reach ROI there, fee is high and price is bit higher
pbmining : scam! they didn't have hardware in my opinion, never showed us their mining hardware or bitcoin from their mining process
AMhash : not trustworthy anymore, since they said their mining hardware stolen :(
cloudmining website : reach ROI in 114 days (from calculation above), not profitable if you calculate it
so my advice is invest your bitcoin in another type of investment

There isnt much options for legit cloud mining sites, hashnest recently stopped communicated their supporters aka bitmain once they did their price hike.

You can follow up on the other threads, but even the legit ones will scalp you due to fees add up etc.

Fixed.

I already noticed there are a lot of people here simple puts who has a paid signature (specially if it's endorsing a cloudmining service) on their ignore list and this type of post shows why these people do this. I'm not against signature campaigns. If you want to do this, even if it isn't a legit company, it's up to you. After all, the responsability is not yours, but from the company who is offering the service. But try to misinformating people, specially newbies, is totally unacceptable. Also, it harms the reputation of Bitcoin.

Remembering:

1. Nobody knows at what address or pool CloudMining.Website is mining.
2. Nobody knows what ASICs they are using, or even if they have any ASIC. They don't tell anything about this.
3. They sell an unlimited hashrate. Do they have unlimited ASICs to do this?
4. They have referral programs, which in a competitive market, where you need to have minimal costs, doesn't have any economic sense.
5. Nobody knows the location of the company and of the miners.
6. You can't re-sell your hashrate.

They don't have any proof about being a legit company. Creating a cloudming website like that shouldn't take more than 1 day and doesn't require any skills about Bitcoin mining. You just need to buy a domain, look at the average market prices, tell what is cloudmining, putting a sign in / sign up page, announce a sig campaign at BitcoinTalk and profit.

I think on terms of being legit, CEX.IO wins. But cloud mining rarely turns a profit. You make more money trading it than mining :P

from your remembering things above, those point remind me about pbmining year ago
no pool info, no real address which generated bitcoin store there, no proof they actually have mining hardware
and they promote 10% referrals plus can't sell hashrate
from my point of view, most likely cloudmining.website will end like pbmining, turn to be scam if there are'nt enough people buy their "fantasy" hashrate

During this time, I do not think cloud mining is profitable, I doubt it that you can even make some ROI. A lot of those cloud mining schemes are for lost and some are scams too. But if you still want to dive in, choose very wisely on which one you will invest with.

Check out my signature! I'm sure you won't be disappointed

I also give the same advice! don't invest in cloud mining service.
I don't know anyone who earned money on such investments.

how much fee cex io?
to invest there.

A good one I've came across is called Scrypt.cc, but some people say it might turn out to be a scam. So be careful, a lot of sites are usually ponzis, or have really high ROI.

I was not to suggest cex.io because maintenance costs can be more expensive than its bitcoin reward cmiiw

agree on that, i remember sometime ago i got negative in balance because of that

LOL, this one is true!
i got negative reward from block solving because cex.io increase maintenance fee!
that's too bad your investment become negative because your income from mining to small compare to fee
but this one is real cloud mining, they have real equipment, mining on pools, and pay the hosting
so they need maintenance and decide to take it from customer
fake cloud mining just shows stats and almost no fee at all
that's why cex.io still operating till now, and many others competitor become scam!

the following work for me:

https://scrypt.cc/

https://www.eobot.com

and

(don't trust this one - no fees seems little sketchy but works for me)
https://cloudminr.io/dashboard/  

Umm, I don't even know what to say about this -____-

The more I think about it, Gavin was most probably correct, when he said "Cloud mining" is a Ponzi's or they will become Ponzi's.

I still have some Ghash with Cex, and it burns to know that I would never see a ROI on any of the cloud mining projects I have taken part in. There was a time when a investment early into one of these "cloud mining" services, was a sure way to get ROI, but those days are gone.

The business model just cannot work, without going Ponzi at some time.  :(

check my signature ;D

none problably, by the time you are near your break even, the diff rise and you find yourself still far away, it's like the guy who runs in the tunnel to catch the ligh at the end...

those days that you can roi on cloudmining sites is from the days that btc price is at its highest value

I would say amhash but there's weird business happening now with them.
I would suggest waiting for another reliable one to come.

check out ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ (https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654)
it is a nice compilation of services with information on how much they are trusted.
i have used CEX.IO so far and it was good but stopped using it since they paused their services due to not being profitable

https://i.imgur.com/W4n5I5N.jpg

Seriously. Just don't do it.

TRUE, YOU KNOW YOU WILL EARN MORE FROM FAUCETS. THAN CLOUD MINING...

"What is the best Cloud mining Site?"

That's like an oxymoron dude!   8) No such thing is as best Cloud mining site, they're 99% scam and ponzi rip offs.

Here today, gone in 2 hours.  You're best off handing me your money, and I'll kick you square in the nuts with steel tip boots for free.

http://stream1.gifsoup.com/view/17388/nut-kick-o.gif

indeed legit, but not profitable. better not play cloud mining. because the price is not stable, making you less income, and too large for the cost of maintenance

do not go for cloud mining there isnt profit even you will bound your money for long time and at the end you will just get your investment back no profit

I have an idea - why don't you look in the investor based games section? I mean 'cause that's essentially what you're doing.
but if you must, you should look into investing elsewhere. :D

Most of the sites bleed you dry through fees, so its not much of a choice really.

I think the best position anyone can take at this time is move on to making more fiat, then buying bitcoin with fiat. Yeah, I know reality is harsh.

cloud  mining ain't good , it's like a ponzi

cex.io has been for long

I wasn't really suggesting CEX.IO, because as of now, the maintenance fee is higher than your profit from mining, so you usually lose money. There is no fee to purchase, it is just while mining. Currently their fee is $0.10 per GH per month. Currently 1 GH will get you $0.09 per month.

cex.io past and present very different, first time I was very lucky, but now I am very loss. revenue is always less, and therefore I do not play there anymore. and for the moment is not good also to play cloud mining

Have you been using CEX.IO after they suspended their automatic cloud mining services (and then let everybody decide whether to mine or not)?

No, actually I haven't I used it before they suspended the automatic cloud mining services, but I didn't continue as I was making more money trading Altcoins.

I have an account at cex.io and when I first signed up which was some time ago,  I invested and gained some referrals. Right now, my referrals are making me breakeven. I sold my GHs as of this. 

yes they have a long time, the longer they are getting worse in my opinion.

soon they will go bankrupt, and will be left behind by their investors

Why you people keep mentioning Cex.io, they dead broskis...

http://blog.cex.io/news/cex-io-temporarily-suspends-cloud-mining-services-13074

They're only an exchange now, no mining.

It is back up, with you being able to choose whether or not to mine.

Whether or not it's back up doesn't matter, not a good deal in any way possible.  Plain ripoff.

Only cloud mining I would consider, and trust me I wouldn't under normal circumstances, but if I had to choose one gun to head, it'd be Hashnest:

https://www.hashnest.com/

CEX.IO was good for one thing and that was trading. even when their cloudmining service was up and running and "profitable" {lol!} you could trade hashrate and get good profit from it.
now it is not even good for that.

there is no "The Best" cloudmining I think, but cex.io is the best now ( but with high maintenance fee )...

Hashnet and Bit-X are good. Both of them have shown their mining proof and the maintenance fee isn't high.

   -MZ

Yea, back when I had CEX GH/S, I just traded them for profit.

its not profitable at all no one should use that as you mine with their ghs to minus profit

it is the right step for now and minimize losses more

you generally wont see a ROI from a cloud mining site, just buying a miner for yourself and getting cheap electricity is a better option. think of it as a space heater that gets you bitcoins.

The plan is mine now at a loss to then get the profits long term once bitcoin prize goes high enough to ROI+good profits..

yes indeed I read the news, cex.io has closed bitcoin mining them for low prices.

and he said "Now we will concentrate all our resources to build the best exchange and the search crypto hardware providers and cheap electricity," he said.

I've heard www.hashnest.com/. whether it is quite useful to you?

how about eobot? they have more coins for us
actually i dont really like with cloud mining

I was reading a thread that proved that cloudmining.website were sending it's funds there.  Eobot has proved to be legitimate so far.

my advice is https://bit-x.com/

will make invest on bitx.


good mining.

Eobot isn't mining AFAIK. Eobot pays from other people's mining. If you want to mine on the pool, they will give another pool url and username. I don't think it is legit.

   -MZ

in a short way - try bit-x or hashnest, i think they are most trustworthy left after amhash is gone. i mean literally gone out of their building  ;D
most of others are not even worth looking at. and read through this forum also, people are pretty harsh here to these cloudmining operations, so if you dont find it being bashed somewhere here at all it means they know that their ponzi is so evident that its better not to even promote it here or if the bashing is too strong like in GAW's case its also better to stay out of such investments  ;)

How long has bit-x been around for? And what are their fees?

17 December, 2014. See https://bitcointalk.org/index.php?topic=896350.msg9865918#msg9865918.

   -MZ

you can check this thread also https://bitcointalk.org/index.php?topic=874312 , they update it when reduce fees etc.
by the way the fees were reduced recently because of lower btc price. i think it is a good thing because other cloudmining companies like cex or gaw just shut down the miners in spite of still being profotable and you can do nothing about it (in gaw's case). bit-x is backed by BitFury so maybe thats why they can afford lower fees  ;)

better you plan to invest in mining cloud canceled, due to the current cloud mining is not recommended, because bitcoin prices are getting lower, and ROI are long enough.

I have buy 100 GHS and per day get me 0.10$ - in 10 day - 1.0$ .
this company is nowaday one that is good.

Mining does not create $. It creates bitcoin. So, please report in terms of bitcoin...

 i know but I said in USD

and if the bitcoin rate drops again you will earn a lot less than this

We will know in 12 montsh what were the best cloud mining companies to invest now  ;D

Believe me, there are far better ways to earn money than buying a share on cloud mining. It will only waste your money as maintenance fees --> profits.

If you know what you're doing and if you're financially knowledgeable, look into investing into one or more of the funds at havelock investments.

I'm always skeptical as to what this Havelock investments offer. Btw, what investments does this site offer? Sorry for the noob question.

They offer a list of well known securities. If you look in the securities section of the marketplace you'll see most of them.

This was the first that caught my eye while visiting that board

https://bitcointalk.org/index.php?topic=977164.0

Hmm. Nope, I don't think I'm ready to entrust my money to other people.

ahh kk
so where people's mining ? whether in eobot too ? ;D

Yup, It will take you a yr to ROI in the current price of bitcoin. Also the maintenance fee can change too depending on the mood of the company.

i totally agree. at least right now there is no cloudmining services that are profitable enough to be worth spending time on.

Please read! :)


P.S. I think the pool is BTCGuild.

   -MZ

Nearly all of the sites are scam, whether a blatant one or a ponzi.

I currently can't find any safe + profitable website to use.

Bit-X is also legit. Please don't tell "only one". :)

   -MZ

yeah it is legit but people only suggest which they have tried.  8)  bit-x requires phone verify other don't in my opinion its not good.  :-\

They will change phone verification to email verification soon. Stay tuned!

   -MZ

ahh roger that ...
yes of course it will make many people happy ,how if these people lost the phone it would be very inconvenient ;D
just wait for the next good news

With the BTC slump cloud mining is mostly dead. There is a new breed of cloud mining websites popping up these days but you need to be careful. I just received my invite for DigitalX Mintsy beta yesterday, I signed up when it was first announced on Cryptsy but that was ages ago when BTC was still above $500. I haven't decided whether to invest, they've got 100 GH sha-256 3 months contracts for $59, also 10 MH scrypt 3 months contracts from the same. They're definitely legit and you can use your hashes to mine any coin you want from any pool. There is no maintenance/power or any other extras fees which is cool.

how is it possible to have no maintenance fee? are they running on free electricity with free equipment? honestly it sounds suspicious to me.

ahh i ever mined in eobot coin, and the coin does not seem appropriate income my initial capital. when I sell at exchangers, I do not profit, instead always minus. I somehow can not examine coins good for in the mine, or how.

You kidding?
This one --> www.cloudmining.website (http://www.cloudmining.website/?r=3643)

I stopped using any and all cloud mining services, almost no ROI, most companies are small to medium ones who easy go bankrupt. Not something i'd like to deal with.

It's a 3 months contract not lifetime, So that $59 includes all the fees etc... I wonder who will purchase that there's no profit in it unless BTC price rises lol

Hashnest looks ok too and they're part of Bitmain, a reputable company. I'd be curious to know, how long, in theory would it take you to roi with them? Also do they offer a lot of choices for contracts?

I was going to ask you the same thing! Can't you see?



Put that spam elsewhere. It can't even fit near to 'legit'. Pure ponzi.

   -MZ

Best cloud mining is no cloud mining. Most of them are scam, and even if there is legit one, it will take a lot of time to gain profit. Stay away from them and use your coin elsewhere.

Don't let you fall for another ponzi. 90% of them doesn't have the actual hardware. That simply would cut into profits. They just calculating how much bitcoins the fictitious hardware would mine over the contract period and charging 20% more. Thus payouts are higher and there is no downtime in fictional hardware, as well as no hardware expense, as they're using the money from people buying contracts to pay out as mining revenue.

Does anybody know anything about this?
I received this email today in my junk folder and can't work out why they sent it to me if it's legit, i have nothing whatsoever to do with BTC mining. I'm thinking scam.
Scam or legit?

    <https://www.mintsy.co/img/mintsy@2x.png>    
The Future of Mining

   
      
Dear ------------,


You have been cordially invited to join the Mintsy.co Beta Test, The Future of Mining! You can now be a part of history! This is a time limited offer, so signup today to join our beta test.

Below, you will find an invitation key and the signup link. Once signed up, you can purchase a contract or set up your own mining rig! We look forward to having you be a part of The Future!

Invitation Key: -------------5c5a5e94ecd078--------------
Signup link: Sign Up Here

I would not recommend you cloud mining. Almost every one of the sites are ponzi's most say that once operating costs more than the revenue they can shut down and that is being seen more and more now since the difficulty has been rising with the bitcoin price being relatively low. If you still want to cloud mine choose some company that is very transparent and very well known. This will minimize your risk of being scammed.

Its better to avoid those e-mail invitations. Most of those e-mail are scam or better yet do a research before going in

i have never even heard of them. be sure not to click on any suspicious link that is sent to you via Email. you could get hacked!

I would not use them.  I have also never heard of them.  Generally those emails you get are just bad ponzi attempts.

Here you go: Official ANN: https://bitcointalk.org/index.php?topic=786492.msg8865631#msg8865631

   -MZ

You are both talking wack. Loads of people have heard of them and they have been planning that site for months. The reason anyone has an invite in their email is I assume you have signed up to Cryptsy? They are run by same people and been saying they are setting this mining site for months. Normally I would agree with you but I doubt you are getting the digital X email randomly. They wont even let you join unless you have an invite which is generated by being a member of Cryptsy. Not saying Digital X will be better then the rest but I wouldn't compare these to all those other junk you get, you've asked for it somewhere without realising and I'm pretty sure most people on Cryptsy got an invite.

Hello @Sammal i don't know if you have decide something yet but my personal opinion for cloud mining services is to avoid it or at least i want to share a friendly advise: do not invest more that you can afford to loose.If i was going again on cloud mining i was going choose Bitmain Hashnest as i feel a little more comfortable with them but i prefer to mine my self it is more fun and in the end you really take the earnings or losses..


Kind Regards,
BTC-Bank.

Mining solo with the intention of earning profit seems to be a moot endeavor at this point. Better off just buying the Bitcoin if you would like to own some for a long period of time.

-Difficulty is too high to mine on your own and turn a reasonable profit.

-The technology for mining hardware has seen a sharp increase in development. Once you get your hardware, it may already be outdated. Such has been the case in the past.

-A new company called 21e6 has raised over $100M in VC money. Who knows what they're going to do with it, but they seem to be primarily a mining company.

If you are still looking for one.. The only trust able cloud mining is CEX.IO. However, the suspended the operation due to Bitcoin price drop. They will be back soon.

do you have any info about this statement?
i don't think they will open again soon

I have tried different websites for cloud mining. Among many I have tried my preference I give to ccminer.cf. I decided to try it because it is a new site and it has live chat with admin. After chatting with admin I thought that the service is nice and that I can start with minimum investment to see if I get paid. I got paid on time. The site also gives clear guidelines and confirmation emails. Admin can speak English, Russian, Spanish, Italian, French and even Chinese. For now I am super satisfied and it seems to be legit.

cex.io is very safe and the waiter was also good, but for now is not advised because the profit of mining always minus and high maintenance costs and other expenses.
I also hope they will be back soon and it was waiting for bitcoin prices up :(
because the first time I know cloud mining is cex.io and I have a lot of GHS there but it's been almost one year I did not play there anymore

When investing in cloud mining be wary of scams. Buy only from known companies, that are represented by people with real addresses and phone numbers.

There's so many companies out there that it's hard to choose, but a competition is a good thing. Cloud mining can be profitable if you find a good offer

I dont do much mining but last time I did was in cex.io and i made a small profit luckily :)

You could have made a bigger profit if you have mined about like anywhere else but there..., since their fees are insane and they were one of the first platform to suspend cloudmining when BTC price began to fall not so long ago... Unless you traded very luckily of course ;)

Not nearly that hard really. It depends on how much you want to diversify. You go hashnest, then bit-x, then gethashing (if you understand that shit), then genesis-mining. And going further... ,if you want to be crazy.., just don't buy some risky shit like scrypt.cc or that cloudmining.website, better grab some cool alts like CON :P

you cannot say any coin cool or bad, its really i think depends on fortune than skill.

So if you have inherited a lot of fortune and no skill it comes naturally that you just have to buy CON, I guess ;D Because it's cool and ain't bad. Soon^tm you'll be able to buy a lot of useless stuff online with it at Constand which is in development right now.

Well i will buy some of CON, maybe you really right.

We have cloud mining reviews available on our website if you're still interested. http://www.dailycoins.net/mining.html (http://www.dailycoins.net/mining.html)

I predict BTC will remain the "gold standard" for foreseeable future.   Sure there are other alt coins.  With these is higher risk, higher loss or gain.  A lot of coins are pump/dump at this point.

And I agree there are some cloud one's that are crazy to invest in.  The first investors MIGHT get their coins back it all depends on how long they run.  Some of them are like ponzi schemes it pay's to be the first.  I personally avoid ones that seem to be to good to be true.

If you are looking for legit ones only (the most trustable at least) would be hashnest/bitX by far but their ROI is nowhere considering you may have loses if a new asic is developed between the time you own the power making your much less valued.
On the other hand there are some others running for a long time but still not that trustable cause of lack of "proof" like scryptcc that can provide ROI in much less time, as well as they can run away with your money anytime and you can do nothing to sue or track them...

Cloud mining can be a very risky bet.    Sites that promise ROI in x months, or give better then true payout's are just not possible long term.

Most turn out to be ponzi schemes and run eventually with money.  It's much easier for them to make it look like it's mining then actually making a data center full of equipment.  It's sad but people are lured with amazing ROI clames, etc.

I would only go with trusted cloud mining services.   You don't want one that is going to split one day.

trusted/legit cloud mining services don't advertise with "amazing investment opportunity" or "great return on investment" bla bla bla.
mining is just not interesting at this point as being an investment.

stay away from cloud mining. its a massive ponzi. some run off after few weeks, some after few months. and it has till now not been proven to be efficiently cost effective to cloud mine.

With not being able to know difficulty change it is impossible for someone to guarantee ROI in X months like they did.

And with it being promised at 4 months it is impossible to pay for equipment, data center, employee or two, cooling, electricity, etc etc.  

It boggles my mind how people would sing up with a cloud mining site like it.   I mean to guarantee no matter what 4 month ROI... that is crazy.  We could have a jump in difficulty that makes it impossible yet they can still guarantee it?

i don't think cloud mining is profitable
but if you would like to try, take a look at hashnest.com or genisismining

It can be profitable. Just as regular mining can be.  But it is not without risk.

No one can guarantee ROI with difficulty changes it is just not something anyone can read future and do.  The sites that guarantee return avoid them for sure.

So if I am to pick one in the cloud!  What site should I pick? And should I be scared of losing money?

try Bit-x, there aren't many option anyway, you should not be scared to lose money if they are legit, like the ones mentioned here, but you could lose money because the price rise and you won't be able to resell your contract

There's this upcoming cloud mining facility that I've come across and the kinds of returns they offer just baffled me. I've been closely following them and their activities and I'll send you or anybody else the links relevant to this.
Cheers :)

like love, money is making people blind. they only see dollar signs. these are the king of people that these cloud services are eagerly looking for.

What facility is that?

Hello,

I use bit-x.com for cloud mining.I earn with 73 ghs,about 0.0004-0.0008 BTC per days.
You can sell your ghs whenever you want and,make profit.
Another sites is hashnest (bitmain).

Probably he is talking about CMW, the one in my sig, as it is offering the best ROI in the cloud mining industry for last nine months.

how much did you pay for that 73GH/s? how much time it will need to ROI?

Best of cloudmining is http://www.hashnet.co/
Big Trusted Company
Low profit but Not scam

Hashnet? That's ponzi (scam) site dude.
The real trusted company is Hashnest, powered by Bitmain.

bit-x is the most trusted website right now i will recomand bit-x only nothing else because most if the cloudmining websites are ponzi and scam nothing real script only controll everything and give you your ROI after 6 monthes and your your money for 6 monthes

I believe that bit-x is in the first place as they are trusted and you will most probably not be scammed by them though you might not get any profit as mining is unprofitable

I doubt that there still are some websites which provide legit cloud mining services for people everyone of them might sooner or later scam its investors for easy money

I don't know if others agree but I think that eobot.com is a good cloud-mining service.

hashnest.com is paying and legit (since they show proof of mining transactions) and it belongs to one of the biggest bitcoin hardware mining manufacturer, it can be considered at the moment unless something goes wrong with it.

Other one is genesis.

But anyways cloud mining now a days is not profitable anymore so you can invest what you afford as it takes ages to get your ROI.

i have never heard about it if i were you i would be really careful with this website, i think it might turn to scam though its just my opinion

I will be short and clear. No one of the cloud mining in circulation must have your attention. Most of them are scammers. So if you will invest you for sure will lose your money. Only if the clod mining site will be new there are some chances to have some coins from your investment. But mostly you will lose your money. The other mining site which are not scam give high prices and you will never earn with the increasing of the difficulty.

So, as for me, away from cloud mining sites.

I don't know if there's a best site.

Most cloudmining sites is a scam. Be very cautious dealing with this sites.

Well if you still don't know yet, better check out bit x's cloud mining service (link on my signature :D ). It's one of the legit cloud minings nowadays and it already built a reputation on the bitcoin world

I suggest researching it.  My personal first thing is hardware, I would verify hardware as this get's rid of a LOT of the crap sites.  They just don't have any proof of hardware.   

Next I suggest looking at history.  Read about it and other peoples  experiences on the board. 

And third make sure they don't use things that are too good to be true.  This sounds stupid but it honestly is a good idea.  If it say's like "lifetime", "forever", etc.  Chances are it's to good to be true no miner lasts forever.  They have a timeline depending on efficiency, and charges.

But research these and you can cut down a lot.  I personally don't push people into investment as I have said many time's I make 0 no matter what you choose on cloud mining.  I just push for research before investing I think for most you will end up with just a few sites after above.  But feel free to add other ways to investigate if you have them I would love to have more good ideas.

Cloudmining was never profitable. I have some small investments in different sites for almost two years now but never did i make money. High maintenance fees and mining difficulty eats up your payouts plus almost all cloudmining sites turned to scam later on. Just hold on to your coins :)

There have been some.  I always have  been in hardware myself as I enjoy mining and playing with them so much.

The funnest mining possibly was "cloud".  There was a small period of time CPU mining through VPS's was profitable.  It was fast and did not last long as I remember.  But that was the funnest "cloud" mining I did ever.   

The other is more about holding and knowing proper time to sell GHz.  Some do it great some do not.   Mining in no way is guarantee ROI in any kind of mining.

Cloud mining had lost it's attractions even though bitcoin network has lesser difficulties compared to it's peak levels. May be cloud mining will bounce back to it's significance once bitcoin price hit back to some $600 levels.

These are the two I use and generally don't have too many issues. Hashnest you have to do a bit of trading to maximize your return.

It is exactly as you written. HashNest have still the advantage that you can always sell your power and completely withdraw. Genesis Mining offers only permanent contracts.

Good opinion have as well Bit-X - but i never try them.

did you sell your hashpower at some point? because as it is right now, cloud mining is not about sitting there and waiting for roi

it is now very similar to trading, you need to sell your hash after some time to have  aquick roi, and buy again when the price fall, repeat

Hashnest the ones who pre-ordered or bought first S7's they went up value about 2 BTC once they were out.... a few got that deal.  That is a insane ROI that quick.

I admit I was not in on it and wish I would have been.  But amph is right depending on when you sell there is possible to make quick roi.  It all changes there is not a easy guide to ROI quick, it can be luck or great strategy or a mix of the two.

Others are more in the long haul.  Mine with it for a while and at some point sell.  It just all depends.

Yes i sold all my ghs recently as they were depreciating in value and rewards dropped. The company released new hardware and people are dumping outdated hashpower. By my calculations coins mined plus the sale i'm still at minimal loss. You are right i should have traded and monitored everyday price. My other cloud investment is a lifetime contract and you can't sell or trade hashpower. A year ago payouts were okay but now it only pays trickles of btc's in my wallet and i don't know if i ever will ROI. The rest turned to ponzis and scams..

I personally would avoid anything that say's "lifetime" or anything like that.  Because we know no miner last's a lifetime they have a certain lifespan. 

I think being able to sell hashing power is pretty important.  Without this there is not much strategy on it.  It's almost like gambling as I'm not sure who can get a good ROI equation on "lifetime".  I sure cannot predict that far in crypto world.

there is no need to predict that far as majority miners are based in Asia and they are getting negligible electricity rates.
its not a matter of roi for them.

Right Mate. I was new to crypto then and was blinded by their marketing strategies..

there arent any good cloud mining websites as most of them are hyips and if they arent it gives roi in a really long time

Mining at home takes a long time at this point for most to though.  It's sad but day's of 90 day ROI are far gone.  No matter what sort of mining don't expect to get it back "soon" as a general rule for ROI.

So never invest more then you can loose since it takes a while, an ROI is not guaranteed.

As I told in one of my previous posts mining is not profit. Whatever you do and whenever you do about it: at home mining or cloud mining. At home mining needed expensive dedicated hardware which costs to much and even you have much earnings at the beginning everything go to repay the hardware. Then the difficulty rise and the earnings drop. Si you will never arrive at break even. The same with clod mining. They who sell ghs know all that and make their calculations to not lose them. So here the possibility to earn something is even less. Must earn the owners of site which give the clod first. There it will be nothing from you. Even the possibility of selling ghs is nothing. All the factors are connected with each other and the price of the sell will be never profitable for who buy, and maybe even for who sell.

If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days.

Even this have less probability to be verifies because of halving (is supposed that to many miners leave mining because of the halving of the amount produced and as a consequence less profits) no one can  know if this can be true for sure. Who knows which factors can enters in the market and make again the rise in big amounts.

There are many that break even and even ROI.  It takes smart strategy.  It in no way is a guaranteed profit. I personally do mostly hardware mining as I have mentioned many times I enjoy playing with the gear.

But you cant make blanket statments saying you will never break even.  Mining is so dependent on certain varibles it's not one size fit's all.  For example electricity... that varies a lot and home miners will see some should mine ... some should not.  Same with VAT some countries have some that kill mining profit.

Cloud mining is a lot of strategy to.  With the different kinds of cloud mining, you have to decide do you want one that buys gear? Do you just want less and get one that sells GHs.   What price are you willing to buy in at?  What price is your sell price?    It goes on and on.

But your right mining does not mean profit.  But it does not mean loss either.  It all depends on certain factors that are different for everyone.   And your bringing having into it which will effect it no doubt... but no one can give a good speculation of factors at having yet.

again it's about selling your hash, i said it before, while people are repeating without reading previous post, well i know the answer...

if you sell your hash roi is halved, and you can then buy again and take a small % of profit each time

You can have or profit or loss. It is impossible to have both. Maybe no one yes but is a very rare thing. So your expression is game of words. As the most of your post. As I told in my posts, mining is not profitable in every kind of point of view. Not because cannot be earned (potentially). But because has to many unknown factors which can, in every moment, make you loss forever. So the risk is so high that don't mine it is the best choice.

I mean no game of words.  Just that it is not a blanket statement of profit or loss for everyone.  I wont go into it again since it's a post up but look at all the individual variables.  You cannot group all miners together in any statement ROI.     And I do not mean either is guaranteed, as they are not.  

I realize my possible risk on each investment mining or other.  You should always try some ROI math.  Do you mine?  I just don't feel like you are a miner most likely.  And nothing wrong with that mining is not for everyone.

*Edit posting here as I don't want to just keep a long set of posting, and turn into a posting battle.

Read below what he is missing experience in is asic mining.   It has changed drasticly from GPU day's where you could get 20+ change on difficulty.    If you would like to see some current and real difficulty changes look at bottom of page here: https://bitcoinwisdom.com/bitcoin/difficulty   .  But best of luck to him as everyone is allowed their own views even if dated.

And again I'm not pushing anyone to mine.  Do your own ROI math always.  I make 0 if you mine or dont mine.  I do it as I love it, and have been able to do so successfully. Others do not love it so it is not for everyone.

*It appears he want's to post an post again and again.  Look at the total hashrate it is very hard today to do like in the day's of asics now to do a 20+ difficulty, we have had nothing like GPU difficulty changes in recent times.   But I can only point to something for someone I cannot make them read it.  With not mining since GPU it is a very dated ideas in my opinion.  I don't think he realizes the amount of gear it would take for " more than 10% every 14 days."  in today's world and current hashrate.  Were talking about a huge operation and investment .... over 10 percent today on a single change just has not happened Nov 05 2014.  Look at most current jumps they are quite a bit less - https://bitcoinwisdom.com/bitcoin/difficulty.    But make your own opinion's as i suggest always for everyone to research before any investment.

With last purchase of his being a refunded bfl jalapeno I can see he would not share the love for mining as I do.  I do love mining as many others do.  But again it's not for everyone.

I can prove that you are not able to realize your possible risk in your investment on mining. You have no idea and cannot never have idea in which amount will be the difficulty in mining. So your calculations have not taken in consideration something very important in such process. The rezult is that your calculations are not reliable.

Yes I have experience in mining. To much. I have mine with my computer (when this was possible) with gpu and then in cloud mining. The first was short and without to many earnings. The second experience lasted more than 1 year and was in three sites (pb mining, cloudminr.io and cointellect.com). I had earnings from the first (double of the amount invested), loss in the second (a little less than the amount earning from the first investment) and (strange but true) almost nothing from the third (about 10 us dollar earnings). All the three these sites were scammers. I was lucky in the first because invested between the firsts and not lucky in the second because was from the lasts enter on it. Much than luck in the third (which in time was before the last mentioned) because had invested to much but with the profits had from the previous investments. The luck was because the last contracts purchased was not with earnings but mostly with my bitcoins: was a big amount.

But I have knowledge even because I have read even more about this phenomenon. So my overall experience tel, to not mine at all.

But even without all this, it will be enough for me (and for everyone - according to me) to understand that if mining depend from the difficulty, the difficulty is totally unpredictable and can arrive big amounts within 14 days, that this story that continue without end, then can be told without doubt that it will be not possible to made any kind of calculation able to have an reliable conclusion.

Then you can ask me the why of my mining when I knew all this thing. The answer is: firstly because before had not such knowledges and experiences. So was something new and I wanted to try this something new. Then even to earn (in the case of cointellect - seemed serious in everything since the moment I made my last investment and a few time after). But the results have from those experiences convince me to tell to everyone that, as for me, mining must not be made because are to many unknown factors. Even those which seems the must (easily) predicable and calculable are only one illusion.

You will find always something to discuss about your topic and this is not my attitude. So I will close this in vain discussion with this my post. No one told that the mining has not changed. I tried to have experience even with the ASIC-s trying to buy one at Butterfly Labs. But haven't it because they promised to ship their in January and didn't was able to ship since October. Than (luckily) I had my refund because was a big amount of money. I had taken a big ASIC with to many ghs for that period. But this (the change you pretend) doesn't change nothing in my discussion. You are making again game of words and in van discussion.

THAT DOESN'T MEAN NOTHING. EVERY KIND OF ASIC DON'T CHANGE THE INABILITY TO PREDICT THE DIFFICULTY. THEN THE PRICE OF ASIC IS SO HIGH THAT DON'T LEAVE TO HAVE EARNINGS. THE MINING MUST REPAY FIRSTLY THE ASIC AND THEN EARN.

Then if the difficulty has gone drown that doesn't mean at all that can be so even in the days to come. Thinking so is to think that a child or like someone who have not even the much little experience in this field.

I have no reason to see your link about the difficulty of mining because I know it very well. And even mentioned data from it only few posts above. But, as I can see, you don't read what it was written by the others. You read only the phrase that tell don't mine. Any other word which argue this phrase it is not important for you. I am bringing again my phrase write two-three posts above:

"If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can be the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days."

See my post above and your find easy this sentence. In that clearly is spoken about the difficulty during the last year. From what had the data which make me to write this sentence? What do you think?

I CAN TELL TO EVERYONE AGAIN MY THOUGHT: DON'T MINE. THIS IS MY SUGGESTION. BUT EVERYONE CAN DO WHAT HE THINK IS BETTER FOR HE/SHE.

PERSONAL MINING IS TO RISKY AT LEAST FOR THE MONEY USED TO BUY EQUIPMENT. CLOD MINING IS NOT PROFITABLE IN THE CASE WHEN THE SITE IS NOT SCAM. BECAUSE MOST OF THOSE ARE NORMALLY SCAMS.

EVERYTHING IS TOLD HAVING IN MIND THE ACTUAL SITUATION. ABOUT THE FUTURE I CANNOT TOLD NOTHING. THINGS MAY CHANGES. WHO KNOWS?