Are we lucky with cloud mine bitcoin now

[robelneo]

I used to be in cloud mining,I have invested in two cloud mining site,but I'm not getting the profit I'm expecting,cloud mining is not sure profit,earning is to slow,after the halving it's not profitable anymore,you should just concentrate on  programs that pays bitcoin like affiliate marketing and trading..

[Actualiteit]

I managed to get early into Hashocean, barely made ROI before they disappeared with a metric fuckton of BTC. I was aware it was a ponzi, and I got lucky I guess. Just don't do it, pretty much every cloud mining site is a scam with the same "data centres" in Singapore, San Jose etc. from the same template bought of hyip.com or other sites like that.

[Text]

I think no, we are not lucky in cloud mining bitcoin anymore. The luck has been reduced as the block halving happened. It is not profitable now like what most user here said. You can't have the returns you expected, only a very small amount of it so you are losing your money.

[szpalata]

Yeah I would say we are lucky to have crowd mining but most have turned out to be a sham and Ponzi schemes to rip off people's pockets either than that it's a brilliant idea because it takes out noise pollution and radiation effects which hinder many from mining.

[tiggytomb]

I think you would be extremely lucky to find a block now if you are solo mining and the cost to do so would not make it worthwhile.

Cloud mining sites are very touch and go and the majority of them are purely scams and you will never get your money back, there are a couple which seem legit but even legit ones it takes an eternity to earn a ROI, for example Genesis mining I used last year and it took 1 year to make a tiny ROI.

There are pools on the forum here which have been going for a while and are run by trusted members, I tend to rent some hash ever now and again and point it at the solo pool as a lottery, might be worth you having a look https://bitcointalk.org/index.php?topic=763510.0

[HarryKPeters]

Many oldtimers (me included) can agree that cloud mining never has been profitable.

So don't invest ot trust cloud mining companies.
9/10 have been proven scams, even the big names. And yes that's Hashnest (Bitmain) included

[JasonXG]

To me it feels like the mining boom is over and what is left is mostly just large farms that pretty much just maintain the network, smaller farms don't effect them too much but do add more bulk to the total global hash power. Mining for the individual is over.
Unless I am mistaken GPU mining is also not worth it. You can just rent that hash power instead of a GPU.

[deadsilent]

Cloud mining cannot give much profit. But if you are patient enough to wait for long time. Maybe, just maybe it could give profit. As others are saying, its not worth the money you have invested to a cloud mining. You have to wait for a long time to earn because it will take months just to earn back the money you invested to them. Theres also risks. Some cloudmining are fraud.  Theres a chance that they will closed the site and never return your money.

[Techie5879]

OP, you should move this thread to another section. Cloud mining topics should not be posted here. I think you should move it to the scam accusation or services. Please read the post of MODs here https://bitcointalk.org/index.php?topic=401897.msg4353159#msg4353159.

Regards this bitminer.io. Surely this is a ponzi scheme. Just by looking at it and judging how much returns they are promising for sure this is a scam. It's really too good to be true. Another sign is that the affiliate program is so generous! How can a service give out 20%-100% as their affiliate program! So OP, if you did invest here. Say good bye to you investment. The company does not own miners nor do they really offer miners, it's all a scam!

Of course bitminter.io is a scam! They also seem to mine bitcoins at first for free, lol. They say that, ('supposedly'), it can mine bitcoins just by creating an account and clicking start! As if, and what an affiliate program they have. As known by most members of the community here, if its too good to be true, it probably is. The catch on bitminter.io is that the withdraw button doesnt actually work. Same with many other cloud mining. Some might pay out at first but after sometime, they just pack up with your investment, and close down. Then most probably, the same people open another cloud mining service, under a different name, and based on a different location, and repeat this stuff.

Nope, cloud mining is too risky, no one who has somewhat knowledge about bitcoin will invest there.