Cloud mining, can it still pay out?

[traktorista]

As you can see in the subject, can you still make some money using cloud mining services? I remember I was using cex.io a while ago and actually made something but I've been out of the bitcoin story for about a year now, so can it still be profitable and what websites do you recommend?

[VirosaGITS]

As you can see in the subject, can you still make some money using cloud mining services? I remember I was using cex.io a while ago and actually made something but I've been out of the bitcoin story for about a year now, so can it still be profitable and what websites do you recommend?

Yes, well if your electricity costs at home are exorbitant or you cannot mine for another reason, but you need to keep in mind, those services are there to make them money, not make you money.

I'd checkout Hashnest. In my mind it would be the only one i would trust since it's owned by Bitmain, which would have a lot to lose to default on their contracts.

[InvoKing]

As you can see in the subject, can you still make some money using cloud mining services? I remember I was using cex.io a while ago and actually made something but I've been out of the bitcoin story for about a year now, so can it still be profitable and what websites do you recommend?

As many btctalk users said: cloud mining is 95% scams.
And for the other 5% you will not get a big return due to the maintenance fee + the increasing difficulty...

[traktorista]

As you can see in the subject, can you still make some money using cloud mining services? I remember I was using cex.io a while ago and actually made something but I've been out of the bitcoin story for about a year now, so can it still be profitable and what websites do you recommend?

Yes, well if your electricity costs at home are exorbitant or you cannot mine for another reason, but you need to keep in mind, those services are there to make them money, not make you money.

I'd checkout Hashnest. In my mind it would be the only one i would trust since it's owned by Bitmain, which would have a lot to lose to default on their contracts.

What's the minimum for the contract?

[afriezalie]

Actually, you can make a few bit from cloud mining at this time. As long as you buy many GHs, you can earn money although it takes very long time to achieve ROI. If you wanted to earn bitcoin from cloudmining, I would suggest you to check genesis-mining and hashnest. Both of them have legit partner.

[MikeCoin]

I dident think there was are legit sites out there

[traktorista]

But I don't have that much to invest. Does it require a lot of GHs to make a profit or I can start with some minimum?

[dothebeats]

But I don't have that much to invest. Does it require a lot of GHs to make a profit or I can start with some minimum?

No, you actually don't need that much to invest in cloud mining (well if you will rely solely on the hashes, you have to get a fat start). There are legit cloud mining sites wherein you can trade your hashes to other users of the platform, same like cex.io. But there are other ones who offer just hashes and you cannot trade that with others.

[CasioK]

But I don't have that much to invest. Does it require a lot of GHs to make a profit or I can start with some minimum?

In my opinion, cloud mining will be very less profitable when we compare to other earning sources. If you want a passive bitcoin income you can go for cloud mining with a through out money. Yes you need to forget the initial investments only the ROI is the benefit. So, it would take more time to get real profit.

[GermanGiant]

But I don't have that much to invest. Does it require a lot of GHs to make a profit or I can start with some minimum?

At www.CloudMining.website, you may start investing as low as 0.014 BTC to buy 10 Ghs. They are paying close to one year now. You may verify their payment history - http://www.cloudmining.website/payments.php

Even a few hours ago, I received my today's payment - https://blockchain.info/tx/17385ac56805f91adf1d65c9b15b9bed22018d08739cc5d5e7865e099b59a087

[Amph]

you need time, money are always possible to be made, but the problem is that the roi is very long, up to 10-12 months, because of fee, otherwise it would be half of that

if you're willing to wait that long, and myabe adding some luck on the difficulty, there is certainly a good profit awaiting there

[greatr]

i doubt that it might be still profitable to coud mine bitcoins

[Mickeyb]

I would stay out of it! Honestly. To many scams, only maybe three services that are honest, and to make ROI will take forever. Did I mention that it's way too risky since with Bitcoin mining you never know.

Also the halving is upon us, keep that in mind! Find something else to do in Bitcoin and stay away from cloudmining.

[winspiral]

I have definitively stoped to invest in cloudmining...I have meet only scam

[BitMaxz]

I think no cloudming is is legit... dont try to invest in any other cloudmining website im 100% sure scam... in the first place you will got the few profit but in the end you will get scammed.

[CryptoTrout]

cloud mining is almost never legit, its all a ponzi

just buy some bitcoins and day trade to increase your holdings

[VirosaGITS]

As you can see in the subject, can you still make some money using cloud mining services? I remember I was using cex.io a while ago and actually made something but I've been out of the bitcoin story for about a year now, so can it still be profitable and what websites do you recommend?

Yes, well if your electricity costs at home are exorbitant or you cannot mine for another reason, but you need to keep in mind, those services are there to make them money, not make you money.

I'd checkout Hashnest. In my mind it would be the only one i would trust since it's owned by Bitmain, which would have a lot to lose to default on their contracts.

What's the minimum for the contract?

Pacmics are by the TH, so expensive steps. The hash market is by the GH, so we would be talking about a minimum of tens of thousands of sats for something middle end. But in effect, you can send a few dollars at a time and buy the hash you can/want with that.

[klm bitcoin]

If Cloud mining was profitable why would they be selling it instead of using it themselves?

[CrimBit]

cloudmining is ponzi inside

[notlist3d]

If Cloud mining was profitable why would they be selling it instead of using it themselves?

The anwser is most do both.  Not all but some do.    It allows them to make miners in bigger batches so cheaper in price for them.  Plus they make a profit selling.  As a company that is a win/win if you can produce a miner for cheaper with more quantity and make a profit selling some off, and mining others.

Sadly some are scams so do your research.  But there are still a few good ones, you can decide that after research.   And no one can guarantee profit cloud or hardware.  If anyone guarantees profit they are lying.  Do your own ROI math.