Is investing in mining still worth it?

[elDano]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Cloudmining is not worth it anymore without any doubts, it has a bad future and its also that with mining its really depending on what you are mining.
Mining with the bitcoin as a example is not profitable anymore.

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[JeffBrad12]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

[Galiatram]

If I have to be honest, I do not think that investing in mining is profitable anymore because its something that can be done but is not something that is easy to do and for small parties its not even profitable any more it will even cost more..

[Supercrypt]

If I have to be honest, I do not think that investing in mining is profitable anymore because its something that can be done but is not something that is easy to do and for small parties its not even profitable any more it will even cost more..

But, things will change when bitcoin prices will be hitting higher ends. Still, who are running latest ASICs may get benefits at that time.

But, I never agree with the statement of bitcoin mining is no more profitable. Because there is no guarantee that bitcoin prices will get struck within this price range always. Mining profits always fluctuate along with bitcoin price levels. So, the profits zones of bitcoin mining is possible in upcoming days too.

[Xenophoto]

Investing in cloud mining was never worth it. You'll never know if you're going to profit or not. They will run away eventually like any other cloud mining sites. The only way it would be worth it is if you invest right after they open their company and the company run more than the time required for you to ROI.

[Oilacris]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

[ultrloa]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

[Newcoins2020]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

It would be stupid to invest in any cloudmining websites because they are soon or later just ponzi's that are trying to make some good money.
I think that its not worth it anymore because mining is less more profitable with the bitcoin, the only thing that is still profitable is mining with altcoins!

[carlfebz2]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

[Oilacris]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

[DavidoAlto]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

Investing i cloud mining of any type of easy cash investments are things i try to avoid. It makes no sense to me. Because i lost quite some money now and that's why I prefer to stay away from them. And yes i can advice everybody to do the same.

[avikz]

Investing in physical mining is still profitable only if you are not mining bitcoin. Bitcoin solo mining is not profitable from a long time now. But there are some alternate currencies which you can mine and get the profit.

You will have to check with other miners to fix upon a single currency to mine. Monero I think is still profitable. But cloud mining is not a recommended investment. You may loose all your money. Instead buy rigs and start at home. It is even better if you have access to alternate energy source like solar panel.

[carlfebz2]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

Investing i cloud mining of any type of easy cash investments are things i try to avoid. It makes no sense to me. Because i lost quite some money now and that's why I prefer to stay away from them. And yes i can advice everybody to do the same.

As i said  earlier  cloudmining are  just total scam because they are just accumulating  money from their  investors  and  one day they would  surely ran off all of   the  money from their  members thats  why most  newbies  would fall always for this and  im not an exception on  that  since  i was a newbie way back then.

[ultrloa]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

Investing i cloud mining of any type of easy cash investments are things i try to avoid. It makes no sense to me. Because i lost quite some money now and that's why I prefer to stay away from them. And yes i can advice everybody to do the same.

As i said  earlier  cloudmining are  just total scam because they are just accumulating  money from their  investors  and  one day they would  surely ran off all of   the  money from their  members thats  why most  newbies  would fall always for this and  im not an exception on  that  since  i was a newbie way back then.

This is been talk by all of people here and cloudmining really got negative feedback for many people who experienced to invest in that kind of scheme since they know and flagged it as scam, thats why people should really listen and give some little time to read for this kind of discussion if they have plans or finding some best answer for this kind of investing scheme, and people should tag cloudmining/hyips as scam so they can save their money and not compromise by scammers.

[dunfida]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

yes its not profitable nowadays since blocks are very difficult to find on these days and surely it will harder to find in this coming future, so overall ratings for mining on my side its totally wreck and those business is on shaddy situation and not worth it to invest with so i don't think it will be profitable again for this time, and surely those sites who offer cloudmining is scam and not worth it really to spend even a single cents in our beloved pockets.

You are right, as  the years  goes  by and the  halving event increases  the  difficulty to  mine and  blocks are much more harder to find thats why mining  arent  profitable as  of today unless you are running  lots of  it and  cheap electricity  but  if you  have expensive electricity then dont  mind to  mine after all. Cloudmining  sites are  just total scams.

I dont trust  anymore on cloudmining because  ive been scammed  recently on this  kind  of websites that  why  i would not recommend  cloudmining and also to build oyu  own  mining  farm  would be somehow expensive  because  you would  need  the latest  asic rigs miners  in able to be  profitable and  as  others said   electricity should be considered also because this is  an expense would  be deducted  on  your profits so  that you could able  to calculate your  net income.

Investing i cloud mining of any type of easy cash investments are things i try to avoid. It makes no sense to me. Because i lost quite some money now and that's why I prefer to stay away from them. And yes i can advice everybody to do the same.

As i said  earlier  cloudmining are  just total scam because they are just accumulating  money from their  investors  and  one day they would  surely ran off all of   the  money from their  members thats  why most  newbies  would fall always for this and  im not an exception on  that  since  i was a newbie way back then.

This is been talk by all of people here and cloudmining really got negative feedback for many people who experienced to invest in that kind of scheme since they know and flagged it as scam, thats why people should really listen and give some little time to read for this kind of discussion if they have plans or finding some best answer for this kind of investing scheme, and people should tag cloudmining/hyips as scam so they can save their money and not compromise by scammers.

If you are a sensible  person and do have care  on your money and  afraid  to lose  your money then  you would surely search  these  kind of  thread because  you would  like to  know  the past experiences  of some  veteran user here and  those people who already experience lose  on cloudmining sites. If you do read  this thread and  other realted  topic then  you would  be already awared and  might possible not  to be victimized  by those schemes even if you are a newbie on bitcoin world.

[tabas]

Investing in physical mining is still profitable only if you are not mining bitcoin. Bitcoin solo mining is not profitable from a long time now. But there are some alternate currencies which you can mine and get the profit.

You will have to check with other miners to fix upon a single currency to mine. Monero I think is still profitable. But cloud mining is not a recommended investment. You may loose all your money. Instead buy rigs and start at home. It is even better if you have access to alternate energy source like solar panel.

You are right with it there are newbies that are getting wrong for the description of 'mining' because there are some people who are inviting them to invest in cloud mining as it is just like the same as 'mining'. But they are very wrong with it for it is just a scamming scheme just to get their bitcoins. And for the real mining, I would say it is still profitable but your profit will just be putted into your expenses like electricity and other expenses as well.

[JeffBrad12]

Hashnest is  a cloud mining  which i suppose  its not  ideal to invest these  kind  of  sites  or cloudminings  , achieving roi would be  so long. Its better to invest  on  your own mining  farm  itself  if you have  the money to invest but be sure  you have a cheap electricity to be profitable.

Cloud mining in general, whether legit or not legit, is not worth it with the difficulty that is constantly going higher and higher.

Even investing in your own mining farm isn't really achievable for the average person here.

In order to make some decent income from mining you should invest like $10,000-$20,000 into gear, and that is still the minimum.

In order to keep making profits you have to keep adding/investing in new hardware to not fall behind.

Mining with the bitcoin as a example is not profitable anymore.

Let me your example dude for supporting your statement if mining bitcoin is not profitable, I are need your explanation, and so give me a reliable data about it. cause too many bitcoin miners is not retire from their job.

Bitcoin  mining would   not be  profitable   if you are just  mining for  few miners only and  especially when you are  using  old aged miners and you have  expensive  electricity then you would  not be profitable at all but if you have the right  amount to invest and you have cheap electricity then it would  be profitable  to mine . Others said   mining bitcoin is  not  profitable  anymore as of today  they are somehow wrong and right, the  main thing  here is  depending  on many factors.

Let me one is correct, profitable or not.... may the best answer it's depending on your condition... I can't just a blame if bitcoin mining is always nonprofitable or another like that, need a more researching about it and I wanna know more about this...

[Hellacopter]

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

[EnacDomains]

heck yeah it is.. u buy it and mine it

[BitHodler]

Just don't invest your money in the so called "cloud mining" sites, because most of them are scams and ponzi schemes. Even the real mining don't worth nowadays unless you have really cheap electricity

No matter how many times we advice people to stop "investing" money into cloud mining, they won't listen and do it anyway.

All this because the cloud mining services promise them life time contracts that pays out a certain amount through their not existing mining operation.

It's pure greed that is taking over peoples common sense. That's the hard reality.