Why not invest instead of cloudmining??

[crazyearner]

Investment is nearly the same as cloudmining. Investment, if legit could produce low but steady and safe results over the long period of time. Cloudmining is almost always unprofitable unless you can obtain lots of hashpower with low funds and the price suddenly skyrockets, you can have more potential to earn slightly more, if there is a proof that they are in fact mining. Just this year, AMHash owner, friedcat ran away with the customer's funds and people lost lots of money even though he had a good reputation before the event.

To be honest it is hard to find that right person or right business that is going to continue and succeed for people. They are a good amount out their and it is indeed a shame for people like friedcat to run away. Guess greed gets the better of some people than to have a successful business and to maintain it and keep customers happy.

[fkvidar]

If the cloud mining "company" can turn a profit running their miners, then why would they share that profit with you?  They can just keep it all for themselves.

[momore]

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

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So many cloudmining, are they reliable?

[Mickeyb]

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

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So many cloudmining, are they reliable?

I hope you read anything in this 4 page thread. If you did, you would know that cloudmining is not at all reliable and that you should stay away from it.

[maokoto]

If there is no proof that the cloudmining site is mining, and there is no proof either that the investment site is doing activity X with the money you lend them, then investing or cloudmining is pretty much the same. It is to take a risk and trust the word of a person.

The thing that differences both of them is the info that is provided about the investment or the cloudmining operation.

So Why not? There is really no reason unless the mining site offers much info and proof of mining, and investing site does not.

[The Sceptical Chymist]

Hey has anyone here mentioned that most cloud mining operations are scams?  Just checking.

[mallard]

Hey has anyone here mentioned that most cloud mining operations are scams?  Just checking.

Check almost every post in this thread.

[tonycamp]

of course colud mining its a bit of risk like more than 6 months gets ponzied but investments like safe just banks for 50 years

[The Sceptical Chymist]

Hey has anyone here mentioned that most cloud mining operations are scams?  Just checking.

Check almost every post in this thread.

I did, it was sarcasm.

[edric]

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

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I get a higher return on my P2P lending investments to people I know and trust than I ever have on cloud mining.  However, I will say that I get a better return on my physical mining operations than I do loaning coins.  The reason in that when you buy physical mining equipment, you don't just get the bitcoin rewards, but you also have the hardware and that has a "book value," if you will.  You can sell the mining equipment before the value declines too much and thereby mine coins for a much higher ROI than cloud mining. With the return, you simply invest in better mining equipment.

[elite3000]

My personal advice don't buy cloud mining contracts as they are not in your favour and more in favour of the miners. That is how they earn money from your money.

[dothebeats]

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 get a higher return on my P2P lending investments to people I know and trust than I ever have on cloud mining.  However, I will say that I get a better return on my physical mining operations than I do loaning coins.  The reason in that when you buy physical mining equipment, you don't just get the bitcoin rewards, but you also have the hardware and that has a "book value," if you will.  You can sell the mining equipment before the value declines too much and thereby mine coins for a much higher ROI than cloud mining. With the return, you simply invest in better mining equipment.

Just a question about p2p lending, are the terms really that good? And what protects lenders from a defaulted loan? Kinda curious on this one.


Cloudmining, though appealing at first, ends up on you knowing that this is up to no good. If you get a calculator and calculate its profitability, you will see that you are investing at a loss (unless that cloudmining service you invested into has an option for you to trade those hashes).

[ranochigo]

Hey has anyone here mentioned that most cloud mining operations are scams?  Just checking.

Saying cloudmining is scam is quite of an over-generalisation. There are actually a significant portion of cloudmining sites which are legit, example, cex.io when it was still mining and hashnest. That being said, the time required for profit is too much. This further increases the chances of the owner running away.

[dothebeats]

Hey has anyone here mentioned that most cloud mining operations are scams?  Just checking.

Saying cloudmining is scam is quite of an over-generalisation. There are actually a significant portion of cloudmining sites which are legit, example, cex.io when it was still mining and hashnest. That being said, the time required for profit is too much. This further increases the chances of the owner running away.

Well the quoted text said that 'most' and not all. The cloudmining scene--let's face it--is over-saturated with scams and ponzis. Though there exists legitimate services, we can only count their numbers by our own hands. It is not an over-generalization, it's just being true to what there is in the ecosystem.

[klf]

If there is no proof that the cloudmining site is mining, and there is no proof either that the investment site is doing activity X with the money you lend them, then investing or cloudmining is pretty much the same. It is to take a risk and trust the word of a person.

The thing that differences both of them is the info that is provided about the investment or the cloudmining operation.

So Why not? There is really no reason unless the mining site offers much info and proof of mining, and investing site does not.

agree
I'm see that as a potential for a huge scam since you never see what's really going on behind the scenes.

[leex1528]

As someone who has been scammed, it isn't worth it, I haven't seen an actually site that is real and that you can get money back from it.  I may be wrong but I think most of these things are actually scams, or if they are legit, you will never get your ROI and you will still think its a scam anyway.

[master sato]

Cloud mining can not be profitable for the end user, you pay a lot of money for them to pay you back slowly ...just buy your coins.

[thejaytiesto]

Maybe when technology gets better we'll come up with a legit way to make gains with cloudmining, but right now I haven't seen any evidence of it being a worthy investment. But then again, if the tech gets better, the miners will push the market accordingly. There's no escape.

[pjsonowal]

Nice reviews..... It is fun debating here..... Dont stop make out some more....

So my question is

Do you still trust investment or cloumining sites???

[leex1528]

Nice reviews..... It is fun debating here..... Dont stop make out some more....

So my question is

Do you still trust investment or cloumining sites???

Cloud mining is all 100% fake/scams.  Don't try to believe in it, you will get busted at the end.

As far as investing goes, it depends what site you are investing, even with investing you can still lose, investing is closer to gambling