Cloud Mining

[Kigwa143]

Is there any cloud mining that is recommended and legit in order for us to invest?

[putot]

What is the most well known cloud mining that is not a scam?Is there any that we can guarantee our money wont loss?

[thetractor666]

Most cloud mining companies are scam, hardly a true cloud service would give you a decent profit unless you invest an exceptional amount of money from where they can take the energy, machinery and profit margin

[Silber]

Is there any cloud mining that is recommended and legit in order for us to invest?

What is the most well known cloud mining that is not a scam?Is there any that we can guarantee our money wont loss?

Imagine you're owning a money printing machine, would you rent your money printing machine to other people?

[Midoucha]

You don't use your hardware on could mining. You just pay for the equipment in cloud, The company manage it for you and give you the winning benefit after take a determinate maintenance fee, electricity bills, and take a % for managing it for you.

[Grimm32]

I heard about cloud most of mining projects are scams..

[LtMotioN]

I moved a big portion of my portfolio into hashflare (which is sort of regret but not too much). Here are the downsides and things you should know.

Don't expect to make what a calculator tells you, difficulty will go up and your investments payouts will slow down with time. If the calculator said you will ROI in 100 days for example, I would guess a more realistic one to be 130-140 days. Which is quite a bit of time. So lets say I put in 100 Dollars worth of BTC into it, in the 130 days I would probably have at least been able to turn that into at least 200 if I moved it to good projects and ICO's, yet with cloud mining I don't get my initial investment back and with Hashflare it is a 1 year contract.

My payouts will eventually slow down with time unless I reinvest some of my earnings to get more hashpower, but that will put my ROI further on and I need to wait longer to be profitable.
I am prioritizing first to get the amount of BTC I put in out first.

Also if you are going to do any cloud mining you need to take into account the minimum withdrawl amount. If you cannot liquidate your earnings quickly then thats a big problem. In my case I don't have spare fiat to put into crypto every month, so I did this to have a constant stream of income in BTC to buy tokens and coins I want for the next year. Speaking for hashflare I would say don't do it unless you can put in at least 2000 USD worth to kick it off, else you will have zero liquidity.

Its not a bad investment still, but its not as good as I expected it to be.

I do take some solace in the fact that I can see they make profit from me, which helps convince me its not some kind of scam (most likely). If you are going to look at alternatives always do the math for them, look at what they charge you per GH/sec, look at the cost of an Antminer and look at their maintenance fees etc. If you do not see a very profitable business behind that then I would suggest you move on. The cheapest cloud mining isn't always the best.

Overall its not too bad though, they pushed up the minimum withdrawl right after I joined, which limited me on some ICOs I wanted to get into but its not too bad. I had quite a few dollars worth of BTC to kick it off with so it's okay for me.

Investing into a rock solid ICO is a better option though, or going into a good existing coin.

Hope this helped you mate, shout if you want to know anything else specific.