Okay so looking at these two examples/analysis you have done, I think you have done the best thing and then it wouldn't be good to join or invest in any cloud mining. I don't like cloud mining either because per my analysis also i think it always benefit the owners not us the investors.
I hear you mate. I'm way over Cloud mining now. Thx.
Since you got the reply from the various people says this is worst way to put your fund on it mate. Still you seems interested on the cloud mining which are legitimate on the market. As a advice I do not too suggest you go with the cloud mining for any algorithms.
Instead of making the investment on cloud mining contract for one year you can arrange little more money and make your own GPU rig.
GPU will show the investment infront of you. Then no one can scam you too.
Trust me I'm not interested in Cloud mining anymore. About building my own GPU rig, as much as I'd love to do this there are some financial and technical challenges for the time being. I'm working on it and hopefully soon I'll manage to make it happen. Thanks for commenting.
So, what you're saying is that I'm better off with trading, correct ? if so, please point me towards the best trading websites and any guides or helpful topic that'll get me started. Thank you.
Depends. If by trading you mean speculating on a couple coins you really believe in and think are undervalued, then yes.
What are HYIP websites exactly ? how can I invest in them ? please let me know. Thanks.
High-Yield investment programs.
They're basically the same as most of these cloud mining sites (a ponzi), the only difference is that they don't even try to hide it.
So, basically gambling.
Checkout this section,
https://bitcointalk.org/index.php?board=207.0 , and then decide if you still want to invest in them.
I don't mind taking risks based on educated guesses. But I don't believe in blind luck. About those HYIP things, I think I just lost my appetite for them. Being described like "Gambling" is enough reason for me to stay away. Thanks again mate.
