Is cloud mining worth it?

[MFahad]

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 own experience cloud mining have turned out to not be trustworthy or let me say majority of them because quite a number of them have turned out to be scam

[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!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.

But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining  is not  yet increased on the previous  halving. Some sites claimed that they are running a mining farm which is not trully there and some  may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.?  Thats why i never turned  to invest on those sites after on the hashocean incident.

Some sites not just pronounce that they are running a mining farm but also give a stream link which you can check their mining rigs mining.

Which i think that they can simply pay someone to share the view with others and for users to believe that they are really investing in a real company.

Yes i do saw those links previously. well they do actually run a  mining farm which is somehow  good and  gives as confidence to invest but still i wont consider to invest on those things again. I dont have trust anymore on any cloudmining no matter how many miners do they have.

Actually, that is just their trick for making the people is appearing the perception if they're a good cloud mining and wil be a good way for investing in them and that is just for lure the people for wasting ther money in them and until a long time later the cloud mining will always have a scam predicate.

[noictib]

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 the present timw both the cloud mining and hardware mining is not profitable . here every cloud mining site is only a ponzi scheme . they take money from many users and ran away before paying all the btc or money . still there are some long time running cloud mining site like genesis mining . but you should learn some lession from hashocean which was cloud mining site and ran away .

[CraigWrightBTC]

I think it is not worth due to difficult mining, but if you want get pasive income you can try on hashnest although it needs long time for return of investment hashnest good service for cloud mining.

[Zadicar]

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 i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those  ponzi schemes . Cloudmining are just scams in the long run and  not profitable. Its better to run your own mining farm  then for sure it would give you decent  amount of profits unless if you have cheap electricity on your county.

[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!

If i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those  ponzi schemes . Cloudmining are just scams in the long run and  not profitable. Its better to run your own mining farm  then for sure it would give you decent  amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

[el kaka22]

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 i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those  ponzi schemes . Cloudmining are just scams in the long run and  not profitable. Its better to run your own mining farm  then for sure it would give you decent  amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

What I am understanding from your statement is, cloud mining will not be profitable with the respect to investment amount and its returns for present days. But, after holding for some longer periods, the rewards from cloud mining may worth more to to get us profits.

[arwin100]

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 i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those  ponzi schemes . Cloudmining are just scams in the long run and  not profitable. Its better to run your own mining farm  then for sure it would give you decent  amount of profits unless if you have cheap electricity on your county.

Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.

What I am understanding from your statement is, cloud mining will not be profitable with the respect to investment amount and its returns for present days. But, after holding for some longer periods, the rewards from cloud mining may worth more to to get us profits.

How could you say so? Do you try to invest on those? I think not since you are not barking at them cloudmining these days bud are scam we cannot really get some profits with that and if you think you can earn with that in a long run well close that thinking its because it might gonna kill your budget, cloudmining is not trusted program upon investing so better be carefull on that thing, the reward you are saying is just an imagination, and you will ended to be scam victim if you do so

[Daneric]

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 cloud mining could be worthy it then most of us could be rich. I invested more than 5 bitcoins in cloud mining 3 different cloud mining sites but now I am regretting. keeping in mind that I had borrowed this money from lenders, it has been a big blow to my reputation because what I borrowed is still outstanding and I am not able to repay back. Look for something else more important than cloud mining.

[StarofBTC]

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 cloud mining could be worthy it then most of us could be rich. I invested more than 5 bitcoins in cloud mining 3 different cloud mining sites but now I am regretting. keeping in mind that I had borrowed this money from lenders, it has been a big blow to my reputation because what I borrowed is still outstanding and I am not able to repay back. Look for something else more important than cloud mining.

5 bitcoins is really very big money, with which you have tried cloud mining industry. I guess if you had invested into a reputed cloud mining services, you might get chances to get few rewards as share till today. It means you will still have chances to recover your investment but after some long waiting. Hope you will recover your investment at least in equivalent fiat value in near future.

[Rostadom]

There's no way cloud mining it's worth it. To me, people who are depending on investment sites like this is the type of people who are too lazy to work their way to success. They want to make other people do the effort. Thus, they pay for an "investment" and lazily wait for 3 months to have profit. In most cases, the website just turns into scam even before the members get their ROI.

[HarryKPeters]

There's no way cloud mining it's worth it. To me, people who are depending on investment sites like this is the type of people who are too lazy to work their way to success. They want to make other people do the effort. Thus, they pay for an "investment" and lazily wait for 3 months to have profit. In most cases, the website just turns into scam even before the members get their ROI.

From an investors perspect the risk vs a potential reward is admissable. Therefore It is not worth to spent even a dime into any type of cloud mining operation.
In short, they are after your money (duh) but they can't (financially) reward you something substantial.

[xuan87]

no its not worth at all, its like playing with time bomb, for sure one day cloud mining is going to scam you, and to make it worse the ROI is so long, so its not worth with the risk, just stay away from it, unless you want to donate your money to the site owner

[lienfaye]

For me its not worth it and cloud mining is not the answer for generating profit through bitcoin, most of them are like ponzi schemes. maybe some of them are legit but it will take a long time for you to earn, so dont trust easily because you'll never know how long it will last.

[Qunenin]

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 own experience cloud mining have turned out to not be trustworthy or let me say majority of them because quite a number of them have turned out to be scam

Also those who have turned out to be legit and have stand the test of time have a way to make you regret investing. So back to your question it does not worth it, I wont go into it and wont advise as well...

[DuckKeeper]

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 own experience cloud mining have turned out to not be trustworthy or let me say majority of them because quite a number of them have turned out to be scam

Also those who have turned out to be legit and have stand the test of time have a way to make you regret investing. So back to your question it does not worth it, I wont go into it and wont advise as well...

Its not worth investing into these websites the most are ponzi's, they are almost all scammers so I think that is already saying enough about it right ?
You should not do it because you will at the end not make any profit.

[airezx20]

I dont support anyone to invest in cloud mining and its really not worth it,even you will loose your bitcoins here because most of the cloud mining sites are scam.Even that are running still but giving very less return specially after halving,getting back ROI will take a lot of time now and may be before that they may close,so i wont support that.

[zenitzz]

I dont support anyone to invest in cloud mining and its really not worth it,even you will loose your bitcoins here because most of the cloud mining sites are scam.Even that are running still but giving very less return specially after halving,getting back ROI will take a lot of time now and may be before that they may close,so i wont support that.

Agree, although there was a cloud mining that actually run their business but to get a profit requires a long time and most of the mining sites the cloud would end up with scam.

[boyptc]

no its not worth at all, its like playing with time bomb, for sure one day cloud mining is going to scam you, and to make it worse the ROI is so long, so its not worth with the risk, just stay away from it, unless you want to donate your money to the site owner

Well yeah cloud mining are not worth it and I know many cloud miners already learned a lesson  from hashocean and will not going to have another attempt for investing with it. Because they are just total scams and simple as that and I would say that even they are promising high returns it is better if you not going to trust them.

[Valkiria]

I totally agree with last comments. I invested some years ago and I had some benefits, but since last year I have lost almost all my investments in Cloud mining, some of the companies closed and other ones doesn't have any support at all.