Why not invest instead of cloudmining??

[thefaucetrunner]

I think advertising faucets is as lucrative as cloudmining.

I was with BitcoinCloudServices and Cloudminr. Lost a little with both but whatever.

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[tokeweed]

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>

It's not worth it.  If you indeed make some profit with your contract, it's not by much.  And the company itself isn't making much either. 

[ranochigo]

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

There was actual companies that weren't scammers. Cex.io for example, they showed their hashpower on the blockchain by adding their name to the coinbase data and they allowed users to redeem ASICs using their shares. Early people got the profit as the price was very low and there weren't much maintenance fees.

[zero01]

as many are led to scam before profit
I've tried in various cloudmining

[GermanGiant]

as many are led to scam before profit
I've tried in various cloudmining

You should have tried www.CloudMining.website. According to third party cloud mining monitor CMmonitor.com, this service is known to give ROI in ~114 days...



They publish their payment proof of last 10 months: www.cloudmining.website/payments.php

With only 8 BTC, you'll get 10 Ths of hash power. Then, calculate your profit here: www.cloudmining.website/calculator.php

[MisterMoney]

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'm investing to HYIPs.

[mallard]

as many are led to scam before profit
I've tried in various cloudmining

You should have tried www.CloudMining.website. According to third party cloud mining monitor CMmonitor.com, this service is known to give ROI in ~114 days...



They publish their payment proof of last 10 months: www.cloudmining.website/payments.php

With only 8 BTC, you'll get 10 Ths of hash power. Then, calculate your profit here: www.cloudmining.website/calculator.php

I'm sure that CloudMining.website is a ponzi.

[8831288]

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>

Because many people can not bear the risk of investing.

[maokoto]

I invested on certain reputable cloudmining site without doing much calculations (my fault, I know). I did them later, and found out that It would take me more than 660 days to ROI 

They have halved the amount of satoshis they send me everyday 2 times since then... It is not worth it at all. As I say, reputable company (they have proof of mining, pics, their site identifies the persons that are responsible and all)

So I have come to think that sometimes it is better to invest in risky high yield investments for moderate amounts (0.01-0.05).  I have invested like that in about 5 sites. 3 of them have run with the money already at a loss, but the other two stand and I have compensated the loses.

(PM me if you want names, I prefer not to give them in the open)

[ebliever]

Folks, this is not rocket science. What it boils down to is this: Why would someone rent you their equipment for $10 so you could make $12 in mining revenue? Wouldn't it make more sense for them to just not rent it and make $12 (instead of $10) themselves?

In the altcoin world there is a valid niche for people renting out their mining rigs for new coin launches, coins people have insider information on (or think they have), and a few other purposes. I did so my self (both as miner and renter) through 2014. But for something more stable and cut-and-dried like bitcoin mining, you're just taking a guaranteed loss using a cloud mining service, even if not a scam. (And most people who rented altcoin mining rigs likewise lose, unless they know exactly what they are doing, which most didn't.)

[RGBKey]

Well cloud mining is nearly almost always a scam, either a HYIP in disguise or just a hole for your money.

[tokeweed]

as many are led to scam before profit
I've tried in various cloudmining

You should have tried www.CloudMining.website. According to third party cloud mining monitor CMmonitor.com, this service is known to give ROI in ~114 days...



They publish their payment proof of last 10 months: www.cloudmining.website/payments.php

With only 8 BTC, you'll get 10 Ths of hash power. Then, calculate your profit here: www.cloudmining.website/calculator.php

It's posts like these that newbies should be careful with.  And that website looks scammy off the bat btw.

[Amph]

Well cloud mining is nearly almost always a scam, either a HYIP in disguise or just a hole for your money.

no hashnest is legit, they provide the best opportunity for profit, you can actually roi with them, it's up to you, on how much you are willing to wait

it's not so much different if you do it yourself withyour miners, i would blame the whole miners system and not cloud mining

[Mickeyb]

Well cloud mining is nearly almost always a scam, either a HYIP in disguise or just a hole for your money.

no hashnest is legit, they provide the best opportunity for profit, you can actually roi with them, it's up to you, on how much you are willing to wait

it's not so much different if you do it yourself withyour miners, i would blame the whole miners system and not cloud mining

Hashnest is a legit site and they do provide the best cloudmining service but people need to keep in mind that it's not just about buying some mining contracts. People need to know when to get in and buy. They need to follow the hashrate, difficulty and price of the Bitcoin very carefully. They actually need to know what they are doing and have some experience in mining.

This is something that newbies often lack so they just end up losing money or breaking even.

[pereira4]

Well cloud mining is nearly almost always a scam, either a HYIP in disguise or just a hole for your money.

no hashnest is legit, they provide the best opportunity for profit, you can actually roi with them, it's up to you, on how much you are willing to wait

it's not so much different if you do it yourself withyour miners, i would blame the whole miners system and not cloud mining

Hashnest is a legit site and they do provide the best cloudmining service but people need to keep in mind that it's not just about buying some mining contracts. People need to know when to get in and buy. They need to follow the hashrate, difficulty and price of the Bitcoin very carefully. They actually need to know what they are doing and have some experience in mining.

This is something that newbies often lack so they just end up losing money or breaking even.

That it, you gotta take advantage of those variables and try to predict what will happen, but ultimately is just like directly investing in Bitcoin, so you might as well cut the middle men and go to an exchange and start trading, it's pretty much the same thing but less fancy.

[RGBKey]

Well cloud mining is nearly almost always a scam, either a HYIP in disguise or just a hole for your money.

no hashnest is legit, they provide the best opportunity for profit, you can actually roi with them, it's up to you, on how much you are willing to wait

it's not so much different if you do it yourself withyour miners, i would blame the whole miners system and not cloud mining

I did say nearly almost. It's possible for sites to be legit. I'm just saying it's usually too good to be true.

[sana9821]

i wouldnt do neithe investing nor cloud mining, investing websites are usually only hyips that fail sooner or latter and cloudmining services give the roi after a long time only

[lahm-44]

this is the hell exact thing which I did asked about a month ago..I think investing is risky then trading so I will say why don't peoples trade their coins except of investing at cloudming maybe that's because emost of the people belive that they are bad at trading

[Blawpaw]

Cloud mining is an investment as well. Contrary to what many people believes it can be profitable. By investing in Ghs to mine while being able to trade them at the same time you can have high returns. I won't say it isn't risky because it is, and it might even happen an investor not being able to reach ROI because he had a poor management of his mining account.

[ashour]

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

There was actual companies that weren't scammers. Cex.io for example, they showed their hashpower on the blockchain by adding their name to the coinbase data and they allowed users to redeem ASICs using their shares. Early people got the profit as the price was very low and there weren't much maintenance fees.

I though that CEX.IO had shut down their cloud mining operations because the couldn't turn any profits because the bitcoin price was so low.