Advise a profitable cloud mining service

[passade72]

Hello. I’m a total novice in cryptocurrency world. I have an experience of mining bitcoins on my home computer however I understood that it was a waste of time and electricity.

Now I would like to try mine some coins at a cloud mining service. Can you tell me some reliable services? Because I read about a lot of fraud services so I’m a bit worried.

Thanks 

[mocacinno]

Hello. I’m a total novice in cryptocurrency world. I have an experience of mining bitcoins on my home computer however I understood that it was a waste of time and electricity.

Now I would like to try mine some coins at a cloud mining service. Can you tell me some reliable services? Because I read about a lot of fraud services so I’m a bit worried.

Thanks 

I'm not completely convinced there are good cloud mining websites available... There are a couple honest ones out there, but i'm not completely sure you'll ever make a profit investing in them...

Mining, as you say, is only for people with very cheap electricity rates and a huge budget... The only way to obtain bitcoins for normal people are either work for them (either use your skills, or join a signature campaign), or buy them directly.

[Herbert2020]

bitcoin cloudmining is not a good idea. especially these days with all the scams and all the maintenance fees the real ones will deduct from you which will make it not-profitable.

check out this topic which can tell you more about all the cloudmining services that i can tell you: https://bitcointalk.org/index.php?topic=878387.0

[Hamuki]

The only one i would recommend if you really want to try it, is hashnest. Backed from one of the largest pools (antpool), hardware builders (antminer) and you have an exit if you need yoru money back: hashnest marketplace.
Actually it only worths using S7 hash, as of TODAY (caps intended because tomorrow it may change) i getting a 10% monthly of principal. Profit/maintennance is about 45% so for each mined bitcoin i get 0.65.

[Amph]

don't mine with cloudminer they ar enot profitable, they ar enot all scam either, but the roi time is unfeasible, mine with your device, try to mine some altcoin, they are profitable nowadays

[talkbitcoin]

what you should do before investing in a cloudmining service is that you should first check if they are real or scam by searching about them and also look at the topic that was introduced above.

then calculate your ROI and keep in mind that since the difficulty is increasing and also the bitcoin price is not stable the maintenance fee will go up so it means less payout for you.

[btcbumpbot]

I wouldn't buy clound mining services as most of them are just scammes.

[socks435]

The only thing that i can suggest to you is to stay away from them because cloud mining is not profitable and most of them are scam. so better to start micro lending in lending section so that you can make a profit or interest every loan..

[tyz]

I made good experience with miningrigrentals.com. But it highly depends on the coin and the current difficulty if you could mine profitable or not.

[notlist3d]

I made good experience with miningrigrentals.com. But it highly depends on the coin and the current difficulty if you could mine profitable or not.

This is rental service not cloud mining.  Also with rentals you pay higher rate to mine then you make (almost always due to the price of rentals).  But the only cloud mining site I send people to anymore is hashnest.  It is not going to run or turn ponzi.

But I still push for owning hardware and hosting somewhere anymore more then cloud.  I think your better off long term owning the gear.

[Hamuki]

I made good experience with miningrigrentals.com. But it highly depends on the coin and the current difficulty if you could mine profitable or not.

This is rental service not cloud mining.  Also with rentals you pay higher rate to mine then you make (almost always due to the price of rentals).  But the only cloud mining site I send people to anymore is hashnest.  It is not going to run or turn ponzi.

But I still push for owning hardware and hosting somewhere anymore more then cloud.  I think your better off long term owning the gear.

I agree but: do you know any reliable hosting? I meant, come on, anything out there smells like a scam until proven to be legit: none of the known hosting companies look so reliable to me, to not make me think one day they would disappear to the hell with my hardware.

[Kakmakr]

I have yet to see any Cloud mining service not turning Ponzi or funding it from the extra fees being charged. I also tried a lot of Cloud mining options in the past and have not ROI on any of them.
They charge exorbitant maintenance fees and it takes several months < 10 months + > to reach the break even point for your investment. Let's be honest, who would want to share his profits from mining, if they can keep all those profits for themselves? < Startups with very little capital to jump start their business > ^hmmmmm^

[aleandromagno]

Hello. I’m a total novice in cryptocurrency world. I have an experience of mining bitcoins on my home computer however I understood that it was a waste of time and electricity.

Now I would like to try mine some coins at a cloud mining service. Can you tell me some reliable services? Because I read about a lot of fraud services so I’m a bit worried.

Thanks 

Hi,
While Bitcoin is something new for you. I would recommend you stay away from cloud mining services. At least until you will have your own opinion about that.
 
As has been mentioned before by other users, there are many options but majority is associated with very high risk.

First, read a lot about this, and then decide for yourself whether you want to take a risk.

If you really in hurry - buy several GHS on HashNest and watch what gonna happen.

Good luck!

[traderbit]

Hello. I’m a total novice in cryptocurrency world. I have an experience of mining bitcoins on my home computer however I understood that it was a waste of time and electricity.

Now I would like to try mine some coins at a cloud mining service. Can you tell me some reliable services? Because I read about a lot of fraud services so I’m a bit worried.

Thanks 

I would advice to not use any cloud mining service, I think that bad things will happen during the halving and probably some cloud mining will be closed if bitcoin price will not be increased, it is really a high risk, i would suggest to invest in something else.

[hakanbalta577]

The only one i would recommend if you really want to try it, is hashnest. Backed from one of the largest pools (antpool), hardware builders (antminer) and you have an exit if you need yoru money back: hashnest marketplace.
Actually it only worths using S7 hash, as of TODAY (caps intended because tomorrow it may change) i getting a 10% monthly of principal. Profit/maintennance is about 45% so for each mined bitcoin i get 0.65.

So what will be the ROI? 10 months?

[Hamuki]

The only one i would recommend if you really want to try it, is hashnest. Backed from one of the largest pools (antpool), hardware builders (antminer) and you have an exit if you need yoru money back: hashnest marketplace.
Actually it only worths using S7 hash, as of TODAY (caps intended because tomorrow it may change) i getting a 10% monthly of principal. Profit/maintennance is about 45% so for each mined bitcoin i get 0.65.

So what will be the ROI? 10 months?

Something less than 10 months, yes. Actually with S7 hashnest (4.8Th/s) maintenance/electricity is 45,99% of mined and each machine is giving me back about 60 dollars/mo.
Situation changes tho, besides difficulty and all known issues, there is the pool luck: on blocks with very bad luck you can go negative.

[aleandromagno]

The only one i would recommend if you really want to try it, is hashnest. Backed from one of the largest pools (antpool), hardware builders (antminer) and you have an exit if you need yoru money back: hashnest marketplace.
Actually it only worths using S7 hash, as of TODAY (caps intended because tomorrow it may change) i getting a 10% monthly of principal. Profit/maintennance is about 45% so for each mined bitcoin i get 0.65.

So what will be the ROI? 10 months?

Something less than 10 months, yes. Actually with S7 hashnest (4.8Th/s) maintenance/electricity is 45,99% of mined and each machine is giving me back about 60 dollars/mo.
Situation changes tho, besides difficulty and all known issues, there is the pool luck: on blocks with very bad luck you can go negative.

There is always option to trade, and it is the best way to increase earnings / speedup return. But to do this properly, you have to watch price movements almost 24/7.

[Hamuki]

The only one i would recommend if you really want to try it, is hashnest. Backed from one of the largest pools (antpool), hardware builders (antminer) and you have an exit if you need yoru money back: hashnest marketplace.
Actually it only worths using S7 hash, as of TODAY (caps intended because tomorrow it may change) i getting a 10% monthly of principal. Profit/maintennance is about 45% so for each mined bitcoin i get 0.65.

So what will be the ROI? 10 months?

Something less than 10 months, yes. Actually with S7 hashnest (4.8Th/s) maintenance/electricity is 45,99% of mined and each machine is giving me back about 60 dollars/mo.
Situation changes tho, besides difficulty and all known issues, there is the pool luck: on blocks with very bad luck you can go negative.

There is always option to trade, and it is the best way to increase earnings / speedup return. But to do this properly, you have to watch price movements almost 24/7.

Right! I forgot to mention it: hash market over hashnest gives you an exit strategy. Very very important!

[Snorek]

Don't even try to start find good cloud mining now. Not before halving will hit us. Whole mining market could be totally changed by that event.
It is hard to say now , if mining - especially its cloud version will be profitable, or even possible with block reward halved.

[BitMaxz]

Don't even try to start find good cloud mining now. Not before halving will hit us. Whole mining market could be totally changed by that event.
It is hard to say now , if mining - especially its cloud version will be profitable, or even possible with block reward halved.

yeah you right also there's no legit cloud mining site right now and i think its better to hold bitcoins and wait for halving to make a profit than investing it or buy high hash rate in any cloud mining site they are turn into scam.. and its not safe to invest our money in any investment site..