The cloud minning: Efficiency or not?

[1satosh1]

How much need invest to good profits? And any idea of a good site?

[Branko]

How much need invest to good profits? And any idea of a good site?

Your profit, or cloud mining site owner?

If your profit, best is to invest zero

If site owner...invest as much as you can

[zukko]

It depends on how much money you do not mind losing you have
It is better to invest this money in building your own small farm

[beachbummer]

Use a profitability calculator to see when you can break even. Set  electricity related variables to 0.

You will have to make some assumptions on difficulty (affects number of coins mined) and coin value.

If the mining plan is close-ended, then you multiply by number of months. Open-ended plans are much harder to calculate.

Personally I run my own rigs, but I also have signed up with Genesis Mining.

[Tidsdilatation]

Cloud mining is profitable if the price of the coin you are mining rises. Not otherwise. My suggestion is that you invest directly in a coin, alot safer. You control the private keys and no risk of being scammed.

[Turkish88]

Profitability cntrol by cloud owner. He can change rules in the any moment of works or scam you when he want it.

[min1217ac]

The good profit isn't from how much you need to invest but how smart u'r making a good profit. and very important is how deep the knowledge about cloud mining.

[Branko]

The good profit isn't from how much you need to invest but how smart u'r making a good profit. and very important is how deep the knowledge about cloud mining.

Only knowledge needed is that they're all scam

[F_ferdan]

It depends on what this service is. You should be very careful when choosing.
But now I found one project that seems profitable for me - Zumminer..
Maybe someone heard smth about it?
Their website https://zumminer.com/ and thread https://bitcointalk.org/index.php?topic=2190262.0

[halker2010]

I guess if you mine something with the hope that it can rise later you better off buying it unless its not on exchange but either way, good sites are nicehash and miningrigrentals and mostly that's it.

[traderethereum]

How much need invest to good profits? And any idea of a good site?

it depends on how much money would you spend on cloud mining. you need to know which cloud mining that will not scam because almost all cloud mining, in the end, will scam you. maybe you can visit in genesis mining, hashnest, hashflare, eobot because this site is the oldest site that I know but you need to read the reviews from other people. I have been with them for a long time ago and until now, the site gives the good amount and I already reach my ROI with them.

[bitmagic1984]

Nicehash and miningrigrentals.com are well known cloud mining interfaces.

[damNmad]

Nicehash and miningrigrentals.com are well known cloud mining interfaces.

Comparatively nicehash is much better comparing to minergate or miningrigrentals (not entirely sure).

Nicehash takes bit higher fee still they are bit legitimate compared to many other cloud mining contracts.

Hope we get more cloud mining clients in future, so that we (miners) get better pay.