Can you trust stuff like Hashocean?

[pereira4]

Im thinking about ways to put some of my bitcoins to generate some passive income instead of just sitting there for a decade. Ive seen a lot of talking about making gains with hashocean, but it takes about 2 to 3 months for return of investment to be made, and beyond those 2 to 3 months you start making gains. Of course, who knows if hashocean will be operative in not 2 to 3 month, but tomorrow...

[Blazed]

Nope, you will always lose with cloud mining. Just think about it for a minute...if you had a bunch of mining gear why sell it for less than it can earn by running it? Pretty much every single cloud mining operation was either a ponzi or simply failed. Never invest into them...if it looks too good to be true then it is.

[Quartx]

Here we go again...

Safe to say tyhat you would not roi with cloud mining unless you have lots of cash, you would probably still not roi or just roi in time.For potential cloud ponzi sites, you spending that amount means that can safely run away with the money, you have made them filthy rich. Just spend the money on holding bitcoins instead and get instant roi where any potential increase in price are instant profits.

[pereira4]

Nope, you will always lose with cloud mining. Just think about it for a minute...if you had a bunch of mining gear why sell it for less than it can earn by running it? Pretty much every single cloud mining operation was either a ponzi or simply failed. Never invest into them...if it looks too good to be true then it is.

I know is a ponzi... but some people has made money with hashocean and posted proof. The question is when to cash out and leave before the collapse happens.

I have just found this calculator thingy:

https://hashocean.com/repayment/

The interesting part is that no matter how much you invest, there seems to be a cap and 2-3 months is always the time to wait for the return of investment to happen. So im guessing this may collapse during the halving... we will see.

Congrats to everyone that has been on hashocean and has made money already, but I don't think I will take the risk to be honest.

[The Sceptical Chymist]

Sometimes the hardest thing to do in investing is just sitting still and doing nothing.  Being patient. 

The more you try to do with your bitcoin, the more likely you are to lose money--especially with cloud mining, as others have said.   Just sit still and quiet.

[~Bitcoin~]

Sometimes the hardest thing to do in investing is just sitting still and doing nothing.  Being patient.  

The more you try to do with your bitcoin, the more likely you are to lose money--especially with cloud mining, as others have said.   Just sit still and quiet.

yes man i have also tried to invest in altcoin trading recently but only loss almost half of my bankroll but never tried cloud mining. I find investing in gambling bankroll quite profitable but with great risk. I am thinking to invest some of my funds in moneypot these days.

[prettybuds]

I don't trust anything beginning with Hash unless I've grown and pressed it myself

[Rude Boy]

Nope! I'll not trust cloud mining, i loss hope about it due to long time get ROI and already i loss some 0.xBTC on a cloud mining. It was happened when i know about bitcoin for the first time.

[onlinedragon]

Here can you find the last cloudmining ponzi risk assessment. Like you can see they are most likely ponzi and will soon or later collapse. They are just like a pyramid system they pay people from other people there investment. This can go good for long period but once they can't pay the people anymore and start running.
https://bitcointalk.org/index.php?topic=878387.1620

[socks435]

For me i can't still trust them and this is still kind of ponzi schemes which is there is still possibility that the site will be scam in the future.. for now they are still giving some profit for their investors and if they get lots of investors to their service they will run just like other cloud mining sites and investment sites.. so if you investors just be carefuland just invest what you can afford to lose..

[Bitinity]

I know is a ponzi... but some people has made money with hashocean and posted proof. The question is when to cash out and leave before the collapse happens.

They posted proofs in order to attract others to join under their referral link, this will make them get more kh/s for free if they get many active referrals and this also will make them get faster ROI.
So the best way to earn from this kind of cloud mining site is just buy the minimum power but have so many active referrals. I have heard someone get more than 1000kh/s just from the referral earning but in fact he only bought 20kh/s..

[electronicash]

Im thinking about ways to put some of my bitcoins to generate some passive income instead of just sitting there for a decade. Ive seen a lot of talking about making gains with hashocean, but it takes about 2 to 3 months for return of investment to be made, and beyond those 2 to 3 months you start making gains. Of course, who knows if hashocean will be operative in not 2 to 3 month, but tomorrow...

I suppose you already know the risk seeing as you are a Hero member here. Cloudmining isn't a good idea if you ask anyone.
you could however just give some amount to test but that's just it. the highest maybe around 0.05 btc beyond that is your loss.

[Joel_Jantsen]

Here we go again...

Doesn't make me excited at all.

Safe to say tyhat you would not roi with cloud mining unless you have lots of cash, you would probably still not roi or just roi in time.

Using cloud mining for ROI is as bad as farming accounts with YoShit campaign for the returns.Cloud mines won't run for long,once their target is met,they would have to dump themselves or like OreMine did, "We're hacked".

For potential cloud ponzi sites, you spending that amount means that can safely run away with the money, you have made them filthy rich. Just spend the money on holding bitcoins instead and get instant roi where any potential increase in price are instant profits.

Holding is not a traditional investment for day traders.You can't simply wait for prices to rise to become rich,when you have other alternatives.I'd say ,invest in Alt's during open ICO's stages ,sell it before the ICO ends.Not a huge margin but a simple way of making few bucks.

[hoesnrustos]

Im thinking about ways to put some of my bitcoins to generate some passive income instead of just sitting there for a decade. Ive seen a lot of talking about making gains with hashocean, but it takes about 2 to 3 months for return of investment to be made, and beyond those 2 to 3 months you start making gains. Of course, who knows if hashocean will be operative in not 2 to 3 month, but tomorrow...

I suppose you already know the risk seeing as you are a Hero member here. Cloudmining isn't a good idea if you ask anyone.
you could however just give some amount to test but that's just it. the highest maybe around 0.05 btc beyond that is your loss.

bitcoin just like the casino you have to think about it this way .. ONLY PLAY WITH MONEY YOU ARE WILLING TO LOSE. don't come into this with your life savings or your money you got from grandma..

my friend spent 2 weeks talking me into bitcoin PERIOD.. i was highly skeptical on all of it after .. talking .. lots of talking i was willing to give it all a shot .. i am not talking for hashocean but this is my true as i type this story of my experience with hash ocean. actually ... i don't want you to sign up on hashocean. im not here to make friends im going to tell you the truth.

i told him to do it first .. put 100$ of his own money in to see if it was all legit .. we set up a wallet .. and we started.. it worked .. it payed out to the ROI .. he was the guinea pig. i wasn't going to lose my money over some "bullshit internet site". then the real test came .. there are three of us working together now after the first test. and we were completely aware it does give a incentive "ponzi type" reward for referring new members .. now.. personally do i give a shit ? .. no.. so we used that to our advantage and referred each others accounts so we all got a piece of that and we sent links out for more referrals .. i am making money .. not in it for morals.

now 3 of us each invested over $1000 worth of bitcoins into this (money that we can all afford to lose).... so as i type this ..all three of us get paid out .. never missed a payment. 2 of us have reached the ROI and i am very very close to my ROI .... yes i know the halving is approaching.. i know that mining will become difficult.. what is going to happen to our payouts .. i don't know.. all i do know is that these guys whoever they are whatever they are doing ... its paying out.

im not going to leave a referral link ... don't mine with them if you don't have "money" your not afraid to lose.

[raphma]

Nope, you will always lose with cloud mining. Just think about it for a minute...if you had a bunch of mining gear why sell it for less than it can earn by running it? Pretty much every single cloud mining operation was either a ponzi or simply failed. Never invest into them...if it looks too good to be true then it is.

There are many ways to do more money renting your equipmente than using yourself.
First, if you rent, your customer will pay for the equipment and pay fees for transaction.
Second, you have no guarantees that the equipment rented only mine what they are sending to you... so, you pay X amount, they send you 1/2 of the production and you will never know that.
third, with visits on their websites, they can sell marketing services(this one i dont know if hashocean use, but a lot others cloudminers have it)

So yeah, they can make more money renting them mining. but it's not easy.

@topic
A wouldn't recomend hashocean right now only because of the halving... but i have one old investment there and still paying.

Edit:
and i ain't saying hashocean isn't a scam/ponzi or any other scheme, all i'm saying is: i've invested, they paid their promises and i'm happy with their services.

[bitbaby]

There isn't really a secured/guaranteed way of earning passive income with bitcoin, if there was, everyone would do it, as for the site you mentioned, can't say anything about it, it may/not be legit, if I were you I wouldn't risk my hard earned bitcoin with cloud mining sites or any site for that matter but that's just me.

Here is a good thread on cloud mining, you should give it a read. https://bitcointalk.org/index.php?topic=878387.0

[Herbert2020]

i generally dislike any cloudmining service, they have bad return of investment. that is why i no longer follow them anymore. and also there is a lot of scams out there.

the only possible profit for me was a long time ago at cex.io where i could also trade ghs but all the good cloudmining services has long stopped their service because of the price.

[Edwardard]

no actually most cloudmining is scam so i dont like stuffs like these. i think everyone dont like stuffs like these so you will get same answer everytime.

[gabmen]

start of real investment will take 3-4 moths and how can you secure that hash ocean will operate still after 3-4 months? I think it is just a waste of time and bitcoin investment if there's no assurance hash ocean already earned from your money before you start to earn from them. much better to look for a promising coin to invest with if you can wait for 3-4 months look for espers or cbx I think they can be big after that time frame.

[ObscureBean]

I invested quite a bit of money into GAWminers back when they were one of the most reputable name in the contract mining business. The possibility that they might scam never even occurred to me, they seemed way too legit at the time. In the end though I lost all of my money/Bitcoins. You should consider unlikely scenarios and be sure to invest only that which you can afford to lose.