Cloud mining, can it still pay out?

[Proxiebuier]

for this moment only some "cloudmining" can be trusted at this time :
1. Hashnet
2. Bit-X

don't try other cloud mining

[Pursuer]

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?

I used to use cex.io for cloudmining too, back when it was profitable but after they stopped their cloudmining service, I have not yet seen any place that is legit (not scam) or even profitable.
I think the only way that cloudmining can become profitable again is that if bitcoin price goes at last to $400.

[notlist3d]

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?

I used to use cex.io for cloudmining too, back when it was profitable but after they stopped their cloudmining service, I have not yet seen any place that is legit (not scam) or even profitable.
I think the only way that cloudmining can become profitable again is that if bitcoin price goes at last to $400.

Kinda the nice hing about mining cloud or hardware is hopefully if goes up in two ways.  Hopefully you ROI and get more BTC then you spent.  Make sure to do ROI math no matter what kind of mining.  I do lots of math personally before any investment.

The other hope is the extra you are able to hold onto to.  If you are able to hold onto extra and it goes up in BTC it can make quite a big difference in value.  I mean pretty recently we went up like 30 dollars which is nice for us miners.

No ROI is guaranteed.  To mine in any form you have to love it really.  And feel confident on your ROI math.

[RealBitcoin]

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?

I have only my own list:
https://bitcointalk.org/index.php?topic=1136572.0

But other than that I dont know, most of them are ponzi schemes, so beware guys.

[Proxiebuier]

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?

I have only my own list:
https://bitcointalk.org/index.php?topic=1136572.0

But other than that I dont know, most of them are ponzi schemes, so beware guys.

you missing Bit-X mining service
it's a legit site, you can trade your ghs and you can receive some satosi for hold your GHS

[winspiral]

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

you are right.

why do I sell mining shares?
Why do I not profit alone?

It is easy as 123.
Alone I earn almost nothing and "in fine" I even loose if I count the electriciti cost.

But I give out free shares so the cloudmining site makes profit like a faucet site.
People can then as well buy shares,because the shares make profit.
Profit I could not make alone.

I return you the question:
why does faucet runners give satoshi away?
For the same reason with my cloudmining.
For honnest cloudmining owner ofcourse it is the same:
they need your cash to buy performing miners.

So far it is not interesting to invest in my cloudmining...it is whi the possibility is not yet possible (only free investment is possible)
But soon i think it will be possible.
And we will have the same story:
alone you will lose money if you buy a U2
if you invest in my cloudmining,you will lose less (lol) and perhaps even ROI with profit if my cloudmining has success.

[Laosai]

for this moment only some "cloudmining" can be trusted at this time :
1. Hashnet
2. Bit-X

don't try other cloud mining

Hashnet or hashnest? Are you referring to this site http://www.hashnet.co/ ? I also heard hashnest (https://www.hashnest.com/ )is a legit one and they have a discussion thread here on bitcointalk. Can you clarify?

[pooya87]

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?

if you want to know "at the moment", the answer is no. because most of the good cloudmining services like cex.io that you mentioned have paused their service and the rest that are working are scams or they will not make you any profit and have terrible ROI.

but if you want to know about "future", the answer is yes. again like cex.io they paused their cloudmining service because of low bitcoin price. but if the price goes up they can resume it because the earning would be larger than the maintenance fees.

[Mickeyb]

for this moment only some "cloudmining" can be trusted at this time :
1. Hashnet
2. Bit-X

don't try other cloud mining

Hashnet or hashnest? Are you referring to this site http://www.hashnet.co/ ? I also heard hashnest (https://www.hashnest.com/ )is a legit one and they have a discussion thread here on bitcointalk. Can you clarify?

He's talking about Hashnest. Here is a thread:

https://bitcointalk.org/index.php?topic=766448.0

Stay away room the other ones! What do you think why they have made pretty much the same name and address like one of the most famous and legit cloudmining sites, hashnest.

[Amph]

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

because they do not have enough KW to cover all their new machines, so they sell those that they cannot use, this could be one of the reason, there may be other

[winspiral]

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

because they do not have enough KW to cover all their new machien, so they sell those that they cannot use, this could be one of the reason, there may be other

they does not sell machien...they sell a part of the value of the machines...

[notlist3d]

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

because they do not have enough KW to cover all their new machien, so they sell those that they cannot use, this could be one of the reason, there may be other

they does not sell machien...they sell a part of the value of the machines...

I think you are making assumptions and not up to date on topic.   Look at hashnest some do sell the actual miner.  They sell S5 are in stock right now you mine in hashnest and you own it to.  They are sold out of S7's currently.

I suggest reading up on the subject some.    Cloud mining is not one size fit's all on how sites work.

[Laosai]

for this moment only some "cloudmining" can be trusted at this time :
1. Hashnet
2. Bit-X

don't try other cloud mining

Hashnet or hashnest? Are you referring to this site http://www.hashnet.co/ ? I also heard hashnest (https://www.hashnest.com/ )is a legit one and they have a discussion thread here on bitcointalk. Can you clarify?

He's talking about Hashnest. Here is a thread:

https://bitcointalk.org/index.php?topic=766448.0

Stay away room the other ones! What do you think why they have made pretty much the same name and address like one of the most famous and legit cloudmining sites, hashnest.

So I'm correct that hashnest was the legit one Proxibuier probably just had a typo (or maybe he believe that hashnet was a legit cloudmining ) Thanks for the clarification as I don't know whether a cloudmining is legit or just a ponzi.

[Amph]

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

because they do not have enough KW to cover all their new machien, so they sell those that they cannot use, this could be one of the reason, there may be other

they does not sell machien...they sell a part of the value of the machines...

no you can buy the whole hashpower of a certain asic, s3-s5-s7 are all buyable completely, and in the event that this was not true my point stand

they don't have enough electricity to cover all the hashpower that they can produce

[ranochigo]

Cloud Mining can still payout but the amount is relatively small and it would be hard to ROI as the earnings gets lower. Sites like hashnest is quite legit for now but the contracts get obsolete easily and I personally haven't made ROI from it yet, mostly due to the dropping prices.

[ikydesu]

It's still can pay, but the amount is maybe low because the difficult is increased, and maybe something on internal technical, like electric bills and maintenance fees.

Hashnest and bit-x is dominate cloud mining service recently. And they still paying nowadays.

[el kaka22]

Cloud mining yield so less bitcoins after electric fee, and with increasing difficulty and decreasing rewards (block halves to 12.5BTC within a year), ROI won't be made (the current earnings could calculate a ROI of about a year, however if you know the maths, it will be forever).
Currently people only by hashing power for trading, or just for fun. Don't expect earning from it.

[harizen]

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 you can still make money with cloudming but the ROI will be that hard for legit ones. Well there are many suggestions about it posted here with some analyzation and you can test some legit ones but expect a longer ROI like I mentioned.

[Proxiebuier]

for this moment only some "cloudmining" can be trusted at this time :
1. Hashnet hashnest.com
2. Bit-X

don't try other cloud mining

Hashnet or hashnest? Are you referring to this site http://www.hashnet.co/ ? I also heard hashnest (https://www.hashnest.com/ )is a legit one and they have a discussion thread here on bitcointalk. Can you clarify?

He's talking about Hashnest. Here is a thread:

https://bitcointalk.org/index.php?topic=766448.0

Stay away room the other ones! What do you think why they have made pretty much the same name and address like one of the most famous and legit cloudmining sites, hashnest.

So I'm correct that hashnest was the legit one Proxibuier probably just had a typo (or maybe he believe that hashnet was a legit cloudmining ) Thanks for the clarification as I don't know whether a cloudmining is legit or just a ponzi.

sorry for this situation, sorry for my "typo"
https://www.hashnest.com/

official Thread : https://bitcointalk.org/index.php?topic=766448.0

[winspiral]

cloudmining is ponzi inside

if you do not trust in my cloudmining then claim only free shares...
if i am a scammer...you have only lost time.