Why not invest instead of cloudmining??

[RGBKey]

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.

Bitcoin mining in itself is mostly non-profitable right now, so why would bitcoin mining after someone else takes a cut be profitable?

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[ranochigo]

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

ROI can be possible but it is relatively hard. I had a contract with them and it was mining till the price kept on dropping and the profit became negative. If you own a miner, you don't have to charge an additional fee for managing your own miners. I can't find an option to sell my hash as I have missed the buy out period.

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.

I said was but I'll probably make it more obvious next time.

[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.

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.

Then it's always better to invest directly into Bitcoin. Why taking third parties risk as cloudmining is imposing quite a lot. 95% of the cloudmining services have went bust, simple as that. That's a huge risk to take in my opinion.

[Kaneki]

mostly cloud mining I found a lie,
in the middle of their contract turned into scam 

[neonshium]

mostly cloud mining I found a lie,
in the middle of their contract turned into scam 

Many users of the most famous and first cloud mining company ended up fed up once they earning went on negative earning. That's the real situations you can gain from a cloud mining. No one operate for other peoples gain. I also learned lesson from them.

[n2004al]

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>

The cloud mining it is the first of choices which must be refused. All the clod mining sites or are scam or don't offer possibility to earn. As for investing it is much risky to invest in sites which act with bitcoin. Are new, without experience and most of those finish their activity very soon: wrong business plan and bankruptcy or are scammers. The most sure investment in bitcoin is to leave those in your wallet and to wait patiently the higher price when it will be. In that time you will have your profit.

[yanka50]

Cloudmining is a big NO NO for me. And what to invest your BTC? The best investment is maybe dice website.

[Amph]

Cloudmining is a big NO NO for me. And what to invest your BTC? The best investment is maybe dice website.

you're saying no no to cloudmining and then you propose dice game? what kind of stupid logic is this

dice game or any pure gamble are the worst out there, at least with cloud you know you will hit roi one day, and after that it's 100% profit

besides you can always sell your asic to speed up everything...

[Mickeyb]

mostly cloud mining I found a lie,
in the middle of their contract turned into scam 

Yes, sooner or later they all end up like this. Hashnest is one of the exceptions that still works fairly well.
This doesn't mean that you will profit surely from them, you can end up very easy in negative earnings if you don't know what you are doing.

[JeWay]

I think, buying some contracts in a cloudmining is also an investment.
So these 2 things doesn't even have a difference

[mallard]

The best investment is maybe dice website.

Yes, but only if you are the person running the dice website 

[okae]

mostly cloud mining I found a lie,
in the middle of their contract turned into scam  

in the middle, in the beginning and in the end we just need to look at this thread https://bitcointalk.org/index.php?topic=878387.0 to see how many scams are out of there, and most fo them confirmed.

the sad part of this is that everyday there is more and more of them, but you know, ppl should use the common sense

so to the main question i will never defend the cloudmining.

[dhimasnk]

Cloudmining very prone to fraud, they are using a ponzi system, so beware if you are using cloudmining

[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

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.

it's actually true in their case, the problem is only one, the very long roi, but if you want to mine desperately because you're addicted or something, and you have high electricity, it's the best way to follow

another one would be to find a trust guy that rent his machine, there is at least one in the mining section

[dothebeats]

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

Not all of it. Even bothered to look at this?

Honestly, there is some money to be made in cloud mining platforms, especially those with integrated exchanges that lets you sell your shares and buy from other users. I made some pretty good bitcoins on cex.io back on its heyday, and I never actually relied on the bits passively flowing on my account but rather buying and selling GH/s in great prices.

[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

Not all of it. Even bothered to look at this?

Honestly, there is some money to be made in cloud mining platforms, especially those with integrated exchanges that lets you sell your shares and buy from other users. I made some pretty good bitcoins on cex.io back on its heyday, and I never actually relied on the bits passively flowing on my account but rather buying and selling GH/s in great prices.

I actually haven't seen that, so basically you can mine, and then sell your GH/s to other people.  I could maybe seeing that being profitable but its sort of hard to tell.  It has been around for a year I guess so that is some good news but has anyone actually confirmed it is legit and everything is working on their end? 

[givemefive]

For me, I'd rather invest.