[2016-06-19] Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?

[jdebunt]

Looking at the available cloud mining contracts listed on CryptoCompare, it appears Bitcoin mining has a decent ROI right now. That is partially thanks to the higher Bitcoin price, which is offering miners increased rewards from their efforts. Cloud mining contracts, on the other hand, remain at virtually the same price.

http://themerkle.com/is-it-worth-buying-bitcoin-cloud-mining-prior-to-the-halving/

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[InvoKing]

''Buying a Bitcoin cloud mining contract so close to the halving is a gamble, but it could pay off in the long run.''

Definitely a gamble with the increasing difficulty and the lower reward but the price is kinda favorable without forgetting the fact that they could close their ''mining'' activities at any moment

[richardsNY]

Buying yourself some "cloud mining" contracts will not reward you with 99% of the times an increasing difficulty. I even wonder if you'll be able to get your invested money back. As always for the average person; Best is to simply buy your coins.

[nwfella]

Looking at the available cloud mining contracts listed on CryptoCompare, it appears Bitcoin mining has a decent ROI right now. That is partially thanks to the higher Bitcoin price, which is offering miners increased rewards from their efforts. Cloud mining contracts, on the other hand, remain at virtually the same price.

http://themerkle.com/is-it-worth-buying-bitcoin-cloud-mining-prior-to-the-halving/

No way in Hades I would consider purchasing any sha hash atm considering 9 out of 10 (yes, i'm being generous here) cloud mining operations are completely bogus.  I have a sneaking suspicion that the less reputable cloud-mining operations (i.e. majority of them) are offering seeming 'amazing' deals in anticipation of people just like you coming along and dropping a few hard earned satoshi's in their I've-been-Hacked fund.

[secone]

i think at this momenth holding is the best option, invest at bitcoin cloudmining is very risk, the chance to lose is higher than profit.
we must waiting halving, adter halving done, im sure the trusted cloudmining like hashnest will be re-calculate the reward of each hashpower.

[1Referee]

Cloud mining is over. It's simply not worth the time and money you put in this with fraud filled part of the market. I feel sorry for the people buying these cloud shares as they already receive worthless payouts, and after the halving they will receive half of what is already considered to be worthless.