Is investing in mining still worth it?

[Oilacris]

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.

I agree with you,  no matter  how hard  we  advice or  say to  other people that cloudmining  sites are just total scam they are  just  keeping  on investing to those scam sites and we  cant  do anything about it since its their decision  but  they would definitely blame theirselves  at the end  and keep regretting because  there greediness lead to this kind  of mistakes. They should  listen to those experienced  user  because   we do already know the  results of these schemes.

[senyorito123]

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.

I agree with you,  no matter  how hard  we  advice or  say to  other people that cloudmining  sites are just total scam they are  just  keeping  on investing to those scam sites and we  cant  do anything about it since its their decision  but  they would definitely blame theirselves  at the end  and keep regretting because  there greediness lead to this kind  of mistakes. They should  listen to those experienced  user  because   we do already know the  results of these schemes.

The investor of cloudmining sites will not vanish since their some newbies whos been fooled by junkies to invest at those sites, and im sure if theirs no referral hungry people no newbies will be scam by cloudmining site, and we must remember this importantly all cloudmining is scam and theirs no good profits that we can get since they intend to scam not to give us profit.

[Oilacris]

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.

I agree with you,  no matter  how hard  we  advice or  say to  other people that cloudmining  sites are just total scam they are  just  keeping  on investing to those scam sites and we  cant  do anything about it since its their decision  but  they would definitely blame theirselves  at the end  and keep regretting because  there greediness lead to this kind  of mistakes. They should  listen to those experienced  user  because   we do already know the  results of these schemes.

The investor of cloudmining sites will not vanish since their some newbies whos been fooled by junkies to invest at those sites, and im sure if theirs no referral hungry people no newbies will be scam by cloudmining site, and we must remember this importantly all cloudmining is scam and theirs no good profits that we can get since they intend to scam not to give us profit.

Those referral hungry people  are  also the main problem here  on bitcoin world  regarding   on  hyip and ponzi sites  and these people are not  newbies they are actually veterans which  they  make advantage to other  people especially to newbies to let them convince to join a  particular cloudmining site  which  they couldable to earn  money with that without risking any  money  came from their  profits  which is a really wise thing  that they do.

[arseaboy]

Yeah I heard from the other that mining is not worth it.. should invest on other way like trading just like what most investors do.

[chixka000]

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

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

[LarryHocks]

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

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

I think it was greed that invented the cloud mining and made it worse. The initial idea was good, prefunding the miners, but then people saw so much money coming in and they started with schemes to steal from investors. Very sad and we can now saycloud mining is officially dead.

[senyorito123]

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

Who ever invented the cloud mining platform was no doubt a very wise person yet cloud mining platform was used by the wrong persons that is why the idea is starting to be converted on scamming platform.

I think it was greed that invented the cloud mining and made it worse. The initial idea was good, prefunding the miners, but then people saw so much money coming in and they started with schemes to steal from investors. Very sad and we can now saycloud mining is officially dead.

Its long time dead since the blocks are getting harder and harder to get for the past years and this succedding days, and i really believe that those site who runs a cloudmining service is totally ponzi and no real hardware attached as proof, so thats why i didn't look for any investment sites for now since mostly all of them are scam, they only intend to victimize those newbies siNBCe they are prone to be a victim for their evil plan.

[JeanMcCoy]

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

I also think its okay but if we are indeed talking about cloud mining its the baddest thing you can do honestly because investing in mining is okay but cloud mining is just one scam party

[Supercrypt]

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

I also think its okay but if we are indeed talking about cloud mining its the baddest thing you can do honestly because investing in mining is okay but cloud mining is just one scam party

Setting up a mining unit or farm is not feasible to all of us, a very big capital amount must be needed for achieving this. That is the reason people are simply going for cloud mining and most of them are struggling with that. Investing in mining still worth if we work in group like many people are forming a big team and will be working on setting up a mining farm definitely will bring us good profits.

[JeffBrad12]

Yeah I heard from the other that mining is not worth it.. should invest on other way like trading just like what most investors do.

I did it till this time and I never think if that is not worth in, this time, dude. please, you can try mining before making any statement about the mining. show me your proof about that. and i wanna for believe you.

[Script3d]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

[ethereumhunter]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

[ultrloa]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Do you think it will be more profitable to those solo miner? Well if yes then they should do it, but its very difficult to set up and start up for doing that since it can cost up a lot and might we cannot earn profit with hardwares since mining difficulty is so hard these days, but the idea to have hardware is great since i think it can save the money of the people to be scam on cloudminings and also seeking for experts advice would provably help for building up some rigs.

[Zadicar]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining  altcoin would somehow a good idea  if you intend to  keep those coins for  long time  and also there are alts  which is somehow  profitable   on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

[martinacar]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining  altcoin would somehow a good idea  if you intend to  keep those coins for  long time  and also there are alts  which is somehow  profitable   on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

Altcoins have been a very hard game to earn money while mining it. There is ETH and Monero which gives you a decent ROI or the new coins which are quite hard to mine because you never know if they become a succes. I would therefore rather trade then mine.

[senyorito123]

if your gonna invest on a cloud mining site just no just dont because you will lose all of your money and the site will scam you. just buy a real bitcoin mining rig  and if your electricity is cheap you should earn alot

i am agree with this, better we buy real hardware to mining bitcoin and start mining to our home rather than invest on cloud mining. but i will give suggestion to buy hardware to mining altcoin because there are many altcoin list that have low difficulty which mean we can get many amount of altcoins and we can collect into our wallet and waiting for the increase of the price.

Mining  altcoin would somehow a good idea  if you intend to  keep those coins for  long time  and also there are alts  which is somehow  profitable   on daily basis. Mining hardware is too far away better than those cloudmining sites out there which are total scams.

Altcoins have been a very hard game to earn money while mining it. There is ETH and Monero which gives you a decent ROI or the new coins which are quite hard to mine because you never know if they become a succes. I would therefore rather trade then mine.

That's why mining for now is not a good idea for us to invest on since the roi and difficulty much getting to be worse and we cannot actually get some huge profits for it  and that is one of the reason why we can point out that cloudmining is not profitable idea to put on our investment, so better erase in our heads that still theirs miracle of earnings on that scheme.

[SANALIU]

don't invest in cloud mning
because majority not real mining only scheme ponzy, only wait to scam
is good self mining, but altcoin is good mining, very dificult still low is new coin

[Superzpay]

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

[Erzatium]

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

[Piltover]

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Mining is good and I think that its profitable and worth investing in it too but with the bitcoin its not worth it anymore indeed because of the fact that its not something that is easily done and due to the halving the gaining are not even profitable anymore..