bitcoin mining vs. bitcoin cloud mining

[Phildo]

Can anyone here please tell me if bitcoin cloud mining is actually profitable
and are there any good companies out there to actually try?

It can in fact be very profitable if you can buy hash rates cheap. If you buy 10Ths+ from www.cloudmining.website, it'd cost only 7 BTC. At current difficulty, u'd make that in ~7 months. Rest of the 5 months is pure profit. A screenshot below shows how a third party cloud mining monitor made ROI with www.cloudmining.website within ~114 days, when difficulty was far low...

Are you still posting this year old screenshot like it means anything? weird that they managed to stop monitoring them, I wonder if that has anything to do with all the threads on here that mentioned that your piece of shit scam site stopped paying.

[Cyaren]

Mining is not profitable unless you have cheap electricity and a large farm. With cloud mining, most of the sites are ponzis so you're likely to lose all your money there after some time. You shouldn't invest anything in cloud mining.

[CrimBit]

Can anyone here please tell me if bitcoin cloud mining is actually profitable
and are there any good companies out there to actually try?

No mining profitable at this moment, cloud mining have biggest potential to scam , in 2014-2015 i'm invest at 5cloud mining and i lose more than 1btc , people says hashnest is the real cloud mining but im never think to invest at hashnest the profit is very very low.

[mrcash02]

Can anyone here please tell me if bitcoin cloud mining is actually profitable
and are there any good companies out there to actually try?

No mining profitable at this moment, cloud mining have biggest potential to scam , in 2014-2015 i'm invest at 5cloud mining and i lose more than 1btc , people says hashnest is the real cloud mining but im never think to invest at hashnest the profit is very very low.

It doesn't work. When they don't steal our money they give low profit. Some people like to get back investiment in some years... But it's better to do nothing with the money than invest on it, just my opinion.

[Assanger]

Bitcoin mining is for the professionals now. The big mining firms domininate the process. We can only do GPU mining.

[BitcoinSupremo]

You can focus on GPU mining, and try to mine Etherum, go to the Mining Altcoins section of this forum, you will not make much there too, but at least will put you into the mining world. Regarding cloudmining, the only websites in which you can make profit , are actually ponzis soon to fall so I suggest you to stay away from them. The legit ones you never make ROI with them so nothing to be made from cloud mining.

[BitMaxz]

You can focus on GPU mining, and try to mine Etherum, go to the Mining Altcoins section of this forum, you will not make much there too, but at least will put you into the mining world. Regarding cloudmining, the only websites in which you can make profit , are actually ponzis soon to fall so I suggest you to stay away from them. The legit ones you never make ROI with them so nothing to be made from cloud mining.

Yeah better to mine it With GPU high amd gpu and i think its profitable than cloud mining and most of them are ponzi..
I already use it in my one of my desktop using AMD gpu and i am earning just to on my nicehash already converted into bitcoin once you start mining using nicehash..

[Assanger]

The cloud mining is too expensive. The price of cloud mining also rises when the coin price rises.