Cloud Mining doubts

[Perryl]

I don't think you can earn your investment back within two month as this was not even possible before halving and after current halving it will take more than year i think for you to recover your investment. However i don't trust any cloud mining site as most of them operate with shady environment not all of their opearation and mining power are transparent. So whatever they say and whatever amount of mining power they sell we can't believe on all of those claims of them. So investing in cloud mining is very much risky as you will be giving your hard money to one man or a small company and you will not now how they are operating in real world.

Better to buy real mining hardware and mine yourself near you.

You can earn it back in 2 months np. Just mine altcoins... BTC is not the only sha256 coin you know. HVCO was profitable, 2FLAV was profitable during mining, there are a lot of currencies on sha256 that are profitable enough. More get released all of the time. I think you would be able to profit with any ASIC miner.

[Bitcoinbro]

Cloud mining is dead. Not recently after Hash ocean, but when it started. Then a lot of money was stolen by GAW en LTCgear and guess what a year after that people are still falling for cloud mining scams, hashocean is a good example of how greedy some people are.

[iv4n]

I wouldn't recommend cloud mining to anyone, its very risky investment. But if you wish that, be very carful. Never invest everything you have in cloud mining, try to inform yourself about site you wish to invest: how long they work, do they pay, check their twitter and facebook pages to see what other people say about it.
Cloud mining service is a scheme for making money to someone, they will run away one day probably. So be ready for that, try to predict when will it be and take your money before it. Its a gambling, and I wish you luck in this. You will need it, and pay attention about information related with cloud mining service you choose.

[windale]

cex io is truetly cloud mining is real mining but in there is not profitable
and cloud mining is high profit example hashocean only HYIP investment
scheme ponzy not real mining
i think is decision choose is the best investment your money buy hadware in self mining

[RussiaIsBest]

Cloud mining is famous in ponzi scheme world so it is not good to invest there any your money.I always ignore users wiwhich are advertising cloud mining scam.They atecpaying for short and then they scam ever body.

[JeffBrad12]

Cloud mining is dead. Not recently after Hash ocean, but when it started. Then a lot of money was stolen by GAW en LTCgear and guess what a year after that people are still falling for cloud mining scams, hashocean is a good example of how greedy some people are.

The best way it's just avoid them, never once to following them, or put something in their wallet. and i agree the cloud mining is dead . none remaining by the cloud mining except the historycal of scam.

[eduardomjus]

I now understand everything ...
I was thinking about cloudming because at year 2013 I used cex.io to mine in the cloud and did not have any issues .. but according to all answers here, these days cloud mining is no profitable and possibly a scam ..

so I decided to mine at home ... but not BTC because there is no way to compete with chineses  ... and difficulty todays is very high, now I wiil be mining cryptocurrencies alternatives like ETH and DASH or whatever ...

Thank you for everybody here ... definitely the best forum about the subject ..

[Babayega31]

Cloud mining is dead. Not recently after Hash ocean, but when it started. Then a lot of money was stolen by GAW en LTCgear and guess what a year after that people are still falling for cloud mining scams, hashocean is a good example of how greedy some people are.

The best way it's just avoid them, never once to following them, or put something in their wallet. and i agree the cloud mining is dead . none remaining by the cloud mining except the historycal of scam.

Yeah thats what im doing now i really dont like to follow any investment or cloudmining nowadays because i knew that all of them are scam and even though they have legit companies but still we cannot really gaurante that we can earn money by this scheme so thats the reason why we should stop looking at it and invest are very hard earned money because im very 100% sure they will steal all we got if we keep on trusting on them.

[Daffadile]

Hello

Before reading many topics in this forum, because I'm live at Brazil, no way to buy some S7 or S9 or GPU to mine, BTC o ETH whatever ..
Price of electricity is very expensive ... kwh is + or - 9$ per day .. (average)
My question here is: When I talk here about cloud mining, each people indicate to use hashnest.com, but when used cloud mining at cex.io, i did not get good profits, and now, cex.io is not working with cloud mining anymore.
Would it be possible for you to refer me indicate to another cloud mining alternative that can be trusted ?

I have spend a good time to read and calc about values for ROI and found out that it is not a good idea to buy a S7 at hashnest according to these numbers:

initial cost for one s7 = 370$
4860GH/s 
operating cost per day: 7.483$
operating cost per week: 52.38$
operating tcost per month: 224.5$

If this site: https://bitcoinwisdom.com/bitcoin/difficulty and my calculations is correct, to recover the investment of 370$ i would need two months.
Are these numbers correct ?

Is it worth the investment since everiday diffucult increases and ROI decreases ?

Thanks for the help !

That looks right to me but did you remember to properly factor in the change in difficulty ? Will the miners be in operation 24/7 ?
I think the main factor is how long it would take for the miner to get here, remmeber the longer it takes the more money you are losing. You need to factor these things into the equation as well.

[Capradina]

Yeah indeed it seems to be quite interesting and very profitable. However it is not included in the cost of electricity, places, and more. So I think if you want to build mining then at least we have more than enough tools a lot. For if not, then the profit obtained will be slightly or minus

[RussiaIsBest]

i have doubt in every cloud mining site that it is scam becaus elook evey mining cloud site which crated strong picture proofs is deleted from internet adn run away with money

[akosieric]

Just want to ask,  when you say cloudmining is not profitable anymore, is it applicable for all crypto coins or for bitcoin only? If i invest on cloudmining for altcoin, let's say ethereum or ltc,  would i still lose in the future?

[JeffBrad12]

Just want to ask,  when you say cloudmining is not profitable anymore, is it applicable for all crypto coins or for bitcoin only? If i invest on cloudmining for altcoin, let's say ethereum or ltc,  would i still lose in the future?

Just for bitcoin, caused by the block is halving and the supply is get decreased but that is not applied in the another crypto or alternative coin.