Bitcoin Forum
April 25, 2024, 05:13:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Alternate cryptocurrencies > Mining (Altcoins) > Can cloud miming ever be profitable?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Can cloud miming ever be profitable?  (Read 462 times)
Gubzy (OP)
Member
**
Offline Offline

Activity: 68
Merit: 10

★777Coin.com★ Fun BTC Casino!


View Profile
April 21, 2016, 06:05:05 AM
 #1
Other than cashing out at the right time, it seems like cloud minning doesn't profit too much. Hashnest, which I believe is a legitimate cloud mining service, seems like it is slowly declining, especially with the current state of the S5 miner on there.
★☆★ 777Coin - The Exciting Bitcoin Casino! ★☆★
1714022023
Hero Member
*
Offline Offline

Posts: 1714022023

View Profile Personal Message (Offline)

Ignore
1714022023
1714022023
Reply with quote  #2
1714022023
Report to moderator
1714022023
Hero Member
*
Offline Offline

Posts: 1714022023

View Profile Personal Message (Offline)

Ignore
1714022023
1714022023
Reply with quote  #2
1714022023
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714022023
Hero Member
*
Offline Offline

Posts: 1714022023

View Profile Personal Message (Offline)

Ignore
1714022023
1714022023
Reply with quote  #2
1714022023
Report to moderator
1714022023
Hero Member
*
Offline Offline

Posts: 1714022023

View Profile Personal Message (Offline)

Ignore
1714022023
1714022023
Reply with quote  #2
1714022023
Report to moderator
adaseb
Legendary
*
Offline Offline

Activity: 3738
Merit: 1708



View Profile
April 21, 2016, 06:11:53 AM
 #2
Not worth it. They charge too much in maintainance costs.
.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Catlonid
Full Member
***
Offline Offline

Activity: 190
Merit: 100


View Profile
April 21, 2016, 10:41:26 AM
 #3
The Genesis mining charged $1799 for 100 MH/s, but it was not profitable for buyer. After the price rise, they charge $4400. It is still not profitable.
kwaasteniet
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000


View Profile
April 22, 2016, 08:33:45 AM
 #4
You can ask yourself: Why are they not mining for themselves. If they have the equipment why rent them? Because renting is more profitable then mining probably.
Bemerand
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500



View Profile
April 23, 2016, 08:52:30 PM
 #5
I know how to build the GPU rigs. So I will not try the cloud mining. The purpose of cloud mining is to make the operator money.
88.36255237114% of all ICO's are SCAMS
Pages: [1]
  Print  
Bitcoin Forum > Alternate cryptocurrencies > Mining (Altcoins) > Can cloud miming ever be profitable?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!