Is cloud mining worth it?

[btcguys910]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

[TastyChillySauce00]

after halving,i don't think cloud mining is worth it anymore although you should be very aware when trying to invest on cloud mining since there's so many fake cloud mining that actually running ponzi scheme so if i were you i won't invest on cloud mining but prefer to buy a mining rig instead

[btcguys910]

after halving,i don't think cloud mining is worth it anymore although you should be very aware when trying to invest on cloud mining since there's so many fake cloud mining that actually running ponzi scheme so if i were you i won't invest on cloud mining but prefer to buy a mining rig instead

Yes but mining rigs are so expensive nowadays and to be fair, isnt worth the investment if not in the long run?

[poptok1]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Hi, If I where you I wouldn't bother with cloud mining. This is one of the most broken things there is in the bitcoin world. You can be a part of massive ponzi, grand theft etc.
To much risk and why aggravate yourself for some uncertain profit?
Just like aubert said, you will do better if you save some cash for a real miner, dont buy used equipment, go with the most advanced unit on the market and you may (MAY) get your profit from it. Check and double check your electricity prises and how the electric company reacts when massive energy consumption takes place.

[Cast12]

The only cloud mining that I would recommend is Hashflare. I'd recommend Haobtc but they act more like a bank then a cloud mining website since they don't sell contracts. I wouldn't bother with any other cloudmining websites unless they prove that they mine, and are owned by a trusted member of the community. Here's a cloudmining risk assessment thread: https://bitcointalk.org/index.php?topic=878387.0.

[Cloverdale]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Don't. Cloudminings are no longer profitable because of the expensive purchasing power. If you can find one that pays high or sells their khs cheap then its provably a scam so better just stay out of them.

[InvoKing]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

NO! 99% of the clown mining site are scam or will turn to the dark side soon, the rest you need to ROI after at least 6-9 months which keeps increasing due to maintenance fees or with the volatility of bitcoin

this is the conclusion in 1 pic reassembled by me

[crairezx20]

Its not worth it. honestly it is worst thing to do to invest your money in cloud mining site that you can not make  any profit  so better to stay away with cloud mining site almost all cloud mining site are scam its just the same as other investment site.

[asriloni]

Even after so many cloud mining had been proved Ponzi and I could say that almost all of cloud mining is just Ponzi,and people still want to try their luck on this thing,i should recommend you to read about few cases about how cloud mining will only make you losing and I hope you could thinking twice
beside of it my answer is definitely not worth it wasting your money and too much risk while you only get so damn low profit

[Naoko]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

if bitcoin price reached atleast $800 per coin maybe you can try buying some hash power in hashnest.com, it will be kinda profitable but slow otherwise just forget about cloud mining as most of them are just a hyip

[Darwin02]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

I think no its not so profitable right now. If I were you I will try trading than cloud mining, trading is much profitable than cloudmining right now if you know how to trade just a suggestions.

[jhenfelipe]

In my opinion, it's worth it if the site is trusted and is really mining bitcoin to pay their members (you'll be having a hard time looking for trusted sites though). I don't have any website to recommend to you since nowadays, those cloud mining sites out there (well, mostly) is running a Ponzi scheme just like Aubert have mentioned and will surely be scam in just a couple of weeks or months maybe. I think it would be better if you'll not risk your money on cloud mining sites and look for other ways to earn BTC rather.

[isen]

No,stay away,keep your money and warn everyone to do the same,be smart please stop making these useless scammers rich without doing nothing.
I would rather burn all my bitcoins instead of "investing them" in a cloudming site(ponzi in disguice),it's a shame that there are still peoplen who are interested in them.

[JeffBrad12]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Cloud mining is not worth in this time caused by the halving time for a few month is passed, and about the recommended cloud mining site, maybe hashnest? but a lot of people will against about this because too many cloud mining become a scam and so will suggest you for the stay away from them. but i think that is better for think the another worth investment place.

[ethereumhunter]

better you save your money for buying bitcoin and waiting for a while. or if you are really curious about mining, i suggest you buy new personal computer and buying vga cards, and then you can trying to mining altcoins like eth, etc, xmr, dash, ltc, and then collect the coins and sell it if the rate is up on the market exchange.

[zenitzz]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

I honestly getting tired of seeing this question, you already know that investment in the mining cloud not a good choice because of the advantages they offer not same with the risk you get.

[avatar_kiyoshi]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Nowadays, cloudmining born fast, so many new cloudmining which offer you a profit just investing on their site. But the result is scam, they know people greedy, and easy to deceived.
Just stop and stay away from cloudmining site.

[TraderETH]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

In my opinion it is not worth because of the difficulty of bitcoin, but if you want try making investment on cloud mining you can try hashnest because it is trustworthy cloud mining service.

[smho_16]

Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

In my opinion it is not worth because of the difficulty of bitcoin, but if you want try making investment on cloud mining you can try hashnest because it is trustworthy cloud mining service.

It's not at all profitable but if you want to try I agree that you should try Hashnest cause it's backed by Bitmain and you have an option to sell your GHS after some time if you are not happy with what is happening there.

[samcoin]

I think it isn't worthy, I notice several cloud mining sites every day and I can't believe that all these sites really mine bitcoin or altcoin, most of them are potential scams, but the matter is when they will stop paying, and this is the only difference between them, therefore investing in these sites like testing your luck.