Why not invest instead of cloudmining??

[Hugroll]

There have been a couple of BTC investments that have paid off handsomely. That's a couple in a sea of hundreds or thousands that have taken your coins and failed. As for cloud mining, that's almost as bad.

Fuck both.

exactly, growing btc with these two options CAN be rewarding, but most likely wont be. Just store your coins in a safe wallet and watch them grow value wise.

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[lemipawa]

I invested in cloudmining before and will not do it again.
Not a good investment and there are other ways to invest your bitcoins without the big risk

[pjsonowal]

Really some good views.... I am loving the discussion.... So i have another question..

WHOM DO YOU TRUST MORE CLOUDMINING OR INVESMENT OR BOTH OR NONE?

[crazyearner]

Some cloud miners have been good in the past and right now have one running but has failed so I no longer trust any of the so called cloud mining because it costs more than buying a rig and getting any return on it. Even eobot that use to be massive and good now disabled a bunch of its rigs cos it got to 100% fee and their current miners are at 60 or 70% or more in fees and never gonna brake even any more or get any good RIO back. When bitcoin was a good price it was a good site doing one the best low fees and soon as prices went down and diff went massive and sky rocketed it was game over. Even using mintsy provided by cryptsy has failed to deliver I had active mining contracts and went offline and claim it is due to re location and getting set up. 4 days remain out my 3 month contract and 2 months have been down and at first was looking good for a good RIO and add more power to Scrypt side but I will never buy off them ever again. Now awaiting a refund and if I do not see one I will be taking legal action to recover this.

[Metadextrous]

With a small amount of bitcoin, both option isn't recommended. But if you have a big amount, i'd choose cloudmining over investment because investments nowadays can't be trusted at all

[centauribit]

Not just the cloud miners...all miners are a gamble that an individual could ROI and maybe make profit before the new wave comes out. There are some valid cloud companies.  But a lot of bad ones.  I highly suggest you do research into any cloud mining company before investing.

[stuff0577]

There have been a couple of BTC investments that have paid off handsomely. That's a couple in a sea of hundreds or thousands that have taken your coins and failed. As for cloud mining, that's almost as bad.

Fuck both.

Can you please share those couple?

[bank of bits]

I don't advise any to invest in cloud mining sites because a very good part of this it's only scam.

[Kakmakr]

I have participated in 5 Cloudmining operations in the past, just to test them for myself and to find out if all the accusations of them being Ponzi scheme's are substantiated. I can say with 100% truth that none of them turned out to be profitable.

The business model is very simple for them :
~Get investment
~Expand the business to look profitable.
~Pay just enough back to the initial investors to hook more people
~Close to saturation point, pay odd users to create the impression that everything is fine
~Saturation point <No new blood coming in to pay old investors> Stop paying everyone.
~Close shop

[Inkvor]

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it..

Post your views with DEFEND OR REFUTE and then <msg>

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it.  Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account?  If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash

But they also pay interest plus profit how do they get so much return?

what do you mean "how do they get" ? they are mining and it is profitable specially when you are in a country where there is no problem of POWER..
and they pay you not more than 60% of what you deserve.

[xhoneyael]

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it..

Post your views with DEFEND OR REFUTE and then <msg>

ROI from legit cloudmining will take a long time.. its more look like that the coin you invest is generating a lot of profit for them but they only give you a little percentage..but that life why would they give you a fast profit where they the only one who generate it you only put money and you dont do anything and those who give fast ROI dont have a real mining farm and will soon become scam..so it better to stay away from coudmining if you dont want to lose your coin

[saturn643]

Cloud mining services are not going to stay in business very long if they have to lose money to keep their customers happy.

[bitwarrior]

I suggest that not to be involved in cloudmining at all, most of the time you will not get your ROI or it will take a long time before you will get it.Some of these cloudmaining companies have gone broke and cannot payout their customers during the course of their operation and are still up until now trying to lure new subscriber to their schemes. Invest your btc on other business model aside from this, there are some legitimate exchanges that gives opportunities to their customers of earning interest based on their deposits, you just need to research more and learn if it is worth it.

[n2004al]

Where to invest? there are not sites with reputation when someone can be invest its money. I'm fear that all that in circulation are scam. The same for cloudmining. Don't worth because the most of those are scam and because the increase of the difficulty it is difficult arrive profits even here.

[crazyearner]

Where to invest? there are not sites with reputation when someone can be invest its money. I'm fear that all that in circulation are scam. The same for cloudmining. Don't worth because the most of those are scam and because the increase of the difficulty it is difficult arrive profits even here.

Simple answer is buy int BTC and ltc and wait for prices to rise is what am now doing as apposed to playing the risk of gambling and ponzi or cloud mining sites.

[neoneros]

The thing to invest in is BTCitcoin itself, clean and simple. Invest your money in buying BTCitcoin, then spend that bitcoin on places to get services or buy stuff you like or need. Make BTCitcoin more than just a thing to invest in, make it a new economy, make it THE new economy and benefit by seeing it grow and take over the world

[n2004al]

The thing to invest in is BTCitcoin itself, clean and simple. Invest your money in buying BTCitcoin, then spend that bitcoin on places to get services or buy stuff you like or need. Make BTCitcoin more than just a thing to invest in, make it a new economy, make it THE new economy and benefit by seeing it grow and take over the world

Your way is erroneous. If you will buy bitcoin and then use that bitcoin to buy things you need to spend money in vain because there are high fee to buy bitcoin. So you will lose money if you will buy things through bitcoin when you can buy that stuff directly with fiat money. It si another thing when you must buy things that can be bought only with bitcoin. But I believe that this kind of things yet don't exist.

[Btcforall]

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it..

Post your views with DEFEND OR REFUTE and then <msg>

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it.  Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account?  If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash

But they also pay interest plus profit how do they get so much return?

what do you mean "how do they get" ? they are mining and it is profitable specially when you are in a country where there is no problem of POWER..
and they pay you not more than 60% of what you deserve.

Then why is everyone say cloudmininig is scam.I don't see any scam in mining

[crazyearner]

I want some views of bitcointalk guys here towards the quesrion why not invest instead of cloudmining??,

YouDEFEND it or REFUTE it..

Post your views with DEFEND OR REFUTE and then <msg>

I refute both!

Majority of cloudmining websites are scams anyway. The 1 or 2 that are not scams will not bring you any ROI. Cloudmining is the stupidest thing that I have heard about, but greed takes over in people so they invest in anything.

This.

Think about it.  Companies exist for profits, can't survive without profits, and rarely do anything that doesn't help their bottom line, let alone base their business model around it.

So why would they essentially pay people money to have an account?  If the mining is profitable, they would be doing themselves instead of splitting the money with the customer when the only thing the customer brings to the table is capital.

The idea is that they can't purchase the hardware without the investment of their costumors. If they had the money to buy the equipment, they wouldn't rent out the hash

But they also pay interest plus profit how do they get so much return?

what do you mean "how do they get" ? they are mining and it is profitable specially when you are in a country where there is no problem of POWER..
and they pay you not more than 60% of what you deserve.

Then why is everyone say cloudmininig is scam.I don't see any scam in mining

Mining is not a scam its the services that people put up ie cloud mining services that become a scam not the mining in general. A lot of website making claims to host miners or saying they have equipment to rent and take contracts off never have the equipment and put funds into other stuff so that payments can be made to a person, or have the equipment and charge over rated fees and never get RIO back on them. That is why people are shouting scam because in more ways than 1 most cloud-mining company are a scam and never have equipment to begin with or run into lots of problems.

[Q7]

I would rather pay extra and confirmed getting the amount of btc that i paid for rather than throwing away blindly to cloudmining. You don't pay money to people to run your business and in the end, give you back all the profit.