Cloud mining with low invest

[Sparklester]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

[Digitalbitcoin]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable or I'll have to wait a lot of time to get the return of investment?

I think you are trying to go for mining with wrong time. Because already bitcoin mining is hard day by day and quite time taking to recover ROI.

Now a days Bitcoin is quite hard to mine because of increasing difficulty level of block as well as reward for block. Better way can go for alternate algorithm to mine other altcoins and then can exchange then to get bitcoins.

[Edwardard]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

you should never put your money in any cloud mining sites because they are all going to be scam one or the other day. you should buy your own mining rig so that atleast you will not get scammed. but still, mining is not really profitable. if you really want to invest your money, you can do trading with some profitable altcoins like ETC currently, or start lending to earn profits from the interest rates. btw, you have made this thread in a wrong section bud. mining section is not made for cloud mining discussions.

Then any Bitcoin or other altcoins cloud mining platforms are efficient?

no, as i already said that all the cloud mining sites are a total scam.

[Sparklester]

Then any Bitcoin or other altcoins cloud mining platforms are efficient?

[ufaiz50]

how about it https://hashflare.io

[Mauser]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

Stay away from Cloud mining Buddy. Just look at the recent hasocean scandal. In my opinion they are all just scam sites. It is a ponzi scheme and will eventually go broke.

I would recommend saving your Money or even try some alt coin trading on your own.  At least you will have full Control over your funds.

[shinratensei_]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

Okay, but in my minds is better for rejected your intentions to put your money into cloud mining site,but reading about the another person experience about one of the cloud mining sites.

https://bitcointalk.org/index.php?topic=1576890.0

[densuj]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

Mostly cloud mining are scamed their users, if you wanna make Investment on cloud mining service. Make sure do with you can lost it, you should wait until (ROI) return of Investment.

[rphk]

now days cloud mining sites are not profitable , and also lot of cloud mining sites gone scam. genesis and hash flare are giving very less ROI and not sure when they will go scam. best hold bitcoins and price of bitcoin rises you can sell it.

[samcoin]

This time is not suitable for investing in cloud mining , because most of sites have reduced the payment rates , therefor you might wait for long time to get your investment back , even genesis mining is not recommended . I don't know if there are other coins worth to mine , but if you insist on investing in cloud mining you can search for a new coin with good price , which will be better to mine than mining Bitcoin .

[SAMKUSH]

Try out minergate instead because you can mine altcoins, this can be done on an ordinary pc rather than having to buy expensive hardware. This is more likely to make money than cloud mining. If this works well for you you can buy more hardware and gradually scale up.

[stiffbud]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

Don't even think on investing if you don't have enough money to invest. It will take you years to get roi if you start that low with the current hashing power that cloudminings are offering.

[hasiramasenju]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

i'm doubt you will ROI for your investment because most of cloud mining are HYIP or Ponzi currently even many people will says it's safe but in fact that was scam and you must be heard that there are several big cloud mining sites are become scam and last time happened is hashocean they dissapear with full of money on their pockets

[crairezx20]

In my opinion better to dont invest in that site or any cloud mining site because you will never made any profit of that site unless if you are just referrer and you are generating a large amount of referals and if you are lucky that the site will not scam fast..

[SyGambler]

it's not profitable , and with 20$ I think you can only join the ponzi ones
if you want my advice try to risk this 20$ in something else , you already have a low capital risk to lose so why don't you lose it while trying to learn something like trading or playing poker
learning one or both of them is very +EV in the long run

[jackg]

The best cloud mining site for a low investment is Hashnest.com.
They only need a small amount to be invested (~0.00008BTC.
They are run my bitmaintech which is quite well trusted, so you are unlikely to lose too much money.

[jackg]

it's not profitable , and with 20$ I think you can only join the ponzi ones
if you want my advice try to risk this 20$ in something else , you already have a low capital risk to lose so why don't you lose it while trying to learn something like trading or playing poker
learning one or both of them is very +EV in the long run

With your recommendations, he may as well invest in a Ponzi (that's probably more profitable than your suggestion of gambling).
Hashnest theyre probably quite good and maybe BW for small investments? With more than $20 id be interested to know what us "a good investment" that cannot be done with an amount less than that?

[CraigWrightBTC]

I was thinking about using a cloud mining service with an investment of 20$ or less. Thinking about sites like genesis mining or hashflare. Is it profitable     or I'll have to wait a lot of time to get the return of investment?

In my calculating of Investment, you should wait until you get return of Investment because you have got out the capital and it is must back although needs much time. Then you can take the profit after return of Investment.

[SyGambler]

it's not profitable , and with 20$ I think you can only join the ponzi ones
if you want my advice try to risk this 20$ in something else , you already have a low capital risk to lose so why don't you lose it while trying to learn something like trading or playing poker
learning one or both of them is very +EV in the long run

With your recommendations, he may as well invest in a Ponzi (that's probably more profitable than your suggestion of gambling).
Hashnest theyre probably quite good and maybe BW for small investments? With more than $20 id be interested to know what us "a good investment" that cannot be done with an amount less than that?

he may make money by throwing his money in a ponzi , but I suggest him to learn something that he can constantly make money
poker isn't 100% gambling , there is a skill and you can make money by playing it unlike putting your money in a cloud mining
his capital is low , that's why I suggested him to learn something with it and hope for the good
learning is the best investment , and even if you are a millionaire you shouldn't start playing poker with a million dollar bankroll
you have to start from the bottom and beat each level while you are learning the game

also you shouldn't make two posts in a row in the same thread

[smho_16]

Hashnest is the best option. With 20 USD which is almost 0.04 btc you will get 400 GHS there to try their service. Its not profitable but if you wanna have an idea how mining works you can invest there at hashnest. Once you know how it works and you are not happy you can always sell your GHS and get out from this mining operation. Hashnest has a way out if you want to not like the ponzies in which your money is trapped there forever.