Effect of halving on cloud mining?

[gentlemand]

I doubt any of those all cloud mining sites will exist after the halving, they may cancel all your contracts and stop mining saying that mining reward is not enough to cover running fees, which is completely a lie.

As we can see on this forum every minute of every day, there's never a shortage of silly sausages willing to give it a try no matter what the real mining landscape looks like. When the block reward is 0.0000001 there'll be some tosser hawking it and another tosser swallowing it.

[socks435]

They're going to be even more of a joke than the vast majority are now. The legit ones will close down. That's if there are any.

I agree! legit cloud mining have been declaring bankruptcy due to fail profit when Bitcoin is at 25 reward per block.  Halving will greatly affect since reward be half and price doesnt soar that high.  So more probably more  cloudmining pretend to be company  offering profits will pop up every now and then.  More ponzi scheme for the you!

Honestly i dont believe in any cloud mining site and yeah they are making profit once the price of bitcoin is high and block halving is done..
But most of cloud mining site right now are running just like hashoncean..

[TemplarKnightUK]

They're going to be even more of a joke than the vast majority are now. The legit ones will close down. That's if there are any.

I agree! legit cloud mining have been declaring bankruptcy due to fail profit when Bitcoin is at 25 reward per block.  Halving will greatly affect since reward be half and price doesnt soar that high.  So more probably more  cloudmining pretend to be company  offering profits will pop up every now and then.  More ponzi scheme for the you!

Assuming miners were able to live off of $300/Bitcoin in the past, $600/Bitcoin right now would be a suitable value for the halving and the miner's baseline, and thus cloud mining would not lose the fiat value it generates, just the Bitcoin amount it generates.

Cloud mining is a scam of some sort, definitely, but I won't make any specific accusations yet. They're just terrible businesses with terrible business practices.

Yes, assuming the difficulty hasn't changed, which it has: it has increased several-fold.

[Kprawn]

I would pull out before all the other people panic and the whole thing comes tumbling down and you end up with no investment. I have also tried cloud mining services in the past... thinking that these

companies are backed by legitimate mining operations. I cannot say, that I have ever seen any proof that they are not operating some sort of Ponzi scheme, so I pulled out early. I feel too sorry for

people who has to lose money, for me to make money. My advice will be to exit before you lose any money. 

[pandalion98]

I would pull out before all the other people panic and the whole thing comes tumbling down and you end up with no investment. I have also tried cloud mining services in the past... thinking that these

companies are backed by legitimate mining operations. I cannot say, that I have ever seen any proof that they are not operating some sort of Ponzi scheme, so I pulled out early. I feel too sorry for

people who has to lose money, for me to make money. My advice will be to exit before you lose any money. 

Yup, I went out of the game. I'll wait for the halving to happen.

And right now, I'm not regretting my exit at all. GH/s prices dropped a lot after I bailed out. I would have lost a non-negligible amount if I didn't do that.

[SANALIU]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

real mining is after halving so profit total bitcoin down 50%, but if cloud mining ponzy scehem HYIP
maybe profit is still same before halving,
and majority cloud mining site only hyip scheme ponzy not real mining, few site cloud mining is real mining

[ardentvolcanoes]

I have no idea about this but I think it doesnt matter what would happen and the effect of halving to cloud mining . We should not be worry about them they are just going to be a scam soon they will follow the steps of hashocean goodluck to those people who still want to believe and those people who still finding a real and trusted cloud mining services .

[Herbert2020]

the only effect halving can have on cloud mining is that there would be a lot more cloudmining services that will spring out of nowhere and start advertising to get new victims in their scammmy service and because of price rise a lot more victims will fall for the trick because they would want to earn more and scammers always use this greed to fool you.

[groll]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

Hashnest is nice since it is legit but it is very risky when maintenance becomes very high the unit closes. I invest in s5 before but when it closed i my bitcoin was wasted. I suggest that you withdraw all your funds at hashnest. When the hashpower becomes cheaper it gives a signal that soon will disappear.  Though it only my opinion but its better be safe than sorry.

[rphk]

first thing is you should not trust any cloud mining sites ,90 percent of the Cloud mining sites are scam, if you want the answer to your question for GHS buying price will reduce if bitcoin price goes high.

[Wendigo]

I assume the cloud mining companies will put out an announcement saying that they are going to amend their pricing and factor in the upcoming block halving changes. I think there is no way that this event won't affect their calculations and budgeting because this basically cuts into their profits and if they would like to stay afloat and continue to operate earning a positive profit from all this they should do some changes sooner or later. I guess whichever company just stays silent and doesn't alter anything is more than likely going to scam its customers soon.