Was there ever a profitable cloud mining site?

[ultrloa]

So I ask this. Was there ever a profitable cloud mining site? Is there one now? Please post your answers and I will try to do my research on your service to see if what you are saying is true.

Was there ever a profitable cloud mining site? No "technically".

Was there ever a profitable cloud mining site (as seen in their site)? Yes but that's not a real cloudmining site operation.

You can really get some profit in those famous cloudmining site back then because lots of investors are being paid resulting for more new investors but it doesn't mean they are really mining on action. They are just using some computation based on the mining difficult or any factors that will affect mining. In other words, virtual and eventually will turn to a fraud one.

Going on past some people are saying that they earn on cloudmining sites since they got some profit for it and i don't think they can be called legit since they are paying,  and HASHOCEAN and other cloudmining site has turn scam is the best example for us to decide upon telling if cloudmining is still profitable in these days,

Cloudmining are all scam and never been a good idea to invest  our money on these sites.

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[bitjamz]

I would say https://www.genesis-mining.com/ 

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[lenoli]

there is no cloud mining site, where you can get real profit. legit cloud mining sites has very low incoming, others are ponzi and will become scam and you will lose all your investment, so be careful and stay away from investment sites, just try trading or gambling. there you will have more chance and incoming will be defending on you

[aleandromagno]

If you ask about REAL cloud mining service (not Ponzi - because was few profitable ponzis, of course when you get in at the beginning), HashNest is/was profitable. I sold all my power there few months ago, so i don't know how it looks right now, but it was profitablle in that time.

Ofcourse it was also very important in which moment and for what price you buy power..

[akosieric]

I think genesis mining is a legit one. It's the only cloud-mining site tagged by badbitcoin.org as "safe" to invest.

[aleandromagno]

I think genesis mining is a legit one. It's the only cloud-mining site tagged by badbitcoin.org as "safe" to invest.

As i know Genesis-Mining is safe cloud, but OP asking about profitable cloud mining servie. If you check their official thread, you can find a lot complains that GM is not profitable anymore.

[michellee]

i think for now, there is no cloud mining site will give profitable again for us, because the difficulties of bitcoin has increased and its really need another super strong hardware to mining bitcoin, unless you concentrate with altcoins which is have many altcoins with low difficulties that can give us big profit.

[subham1]

I invested in hashprofit cloud mining site for the first time and before that it was paying users but just after i invested it scammed just the next day and that day i was really dissapointed to loose my hardly saved money.And now i would say there are no profitabe cloud mining sites.

[amacar2]

Its better to ask is there even any legit, real cloud mining site which have big mining rig mining real crypto. I will say no, no any cloud mining ponzi are legit or real miners, better not to invest in any of the cloud mining sites.

[TGD]

Its better to ask is there even any legit, real cloud mining site which have big mining rig mining real crypto. I will say no, no any cloud mining ponzi are legit or real miners, better not to invest in any of the cloud mining sites.

Even there is a legit cloud mining sites  it's only giving a small % profit for waiting too long time so still not profitable ill prepare trading than investing in cloud mining.

[densuj]

Its better to ask is there even any legit, real cloud mining site which have big mining rig mining real crypto. I will say no, no any cloud mining ponzi are legit or real miners, better not to invest in any of the cloud mining sites.

Even there is a legit cloud mining sites  it's only giving a small % profit for waiting too long time so still not profitable ill prepare trading than investing in cloud mining.

So the answers there are not profitable cloud mining services, because the difficulty of bitcoin mining and high fees electric for mining, it will be hard for looking for profitable cloud mining service.

[shinratensei_]

If you ask about REAL cloud mining service (not Ponzi - because was few profitable ponzis, of course when you get in at the beginning), HashNest is/was profitable. I sold all my power there few months ago, so i don't know how it looks right now, but it was profitablle in that time.

Ofcourse it was also very important in which moment and for what price you buy power..

But in my opinions seems hashnest is still profit but caused by halving that's will decreasing a lot of the percentage of profit... in this time i never seen the cloud mining is a real cloud mining and not using a ponzi system...

[ultrloa]

If you ask about REAL cloud mining service (not Ponzi - because was few profitable ponzis, of course when you get in at the beginning), HashNest is/was profitable. I sold all my power there few months ago, so i don't know how it looks right now, but it was profitablle in that time.

Ofcourse it was also very important in which moment and for what price you buy power..

But in my opinions seems hashnest is still profit but caused by halving that's will decreasing a lot of the percentage of profit... in this time i never seen the cloud mining is a real cloud mining and not using a ponzi system...

For me even hashnest is not profitable and could not be my choice if i want to put up for some investment, i am reall long time away for that scheme since i don't believe their is true among them an as experience i can really say that all of them are on ponzi system and turn scam whenevet they have reached the money they want, thats why we should consider those site as scam so we cannot get scam and don't make them more richer.

[subhiii]

I think genesis mining is running fine these days and probably the only one which is not scam site.But its not profitable specially after the having the return has been halved and it would take along to time to get ROI .So i will say none of them is profitable.

[xuan87]

yes there was, hashocean, the early investor claims that they already enjoyed the profit, and from what i heard eobot is also one of the cloud mining that give investors profit, but i dont know whether its just a rumour or not, but i choose not to invest in such a risky thing anymore, and i also suggest you to do the same, the one that is going to make profit is the owner of the cloud mining

[senyorito123]

yes there was, hashocean, the early investor claims that they already enjoyed the profit, and from what i heard eobot is also one of the cloud mining that give investors profit, but i dont know whether its just a rumour or not, but i choose not to invest in such a risky thing anymore, and i also suggest you to do the same, the one that is going to make profit is the owner of the cloud mining

There was? Where? I don't see any profitabl cloudminings at this moment and it could not be profitable when years will passes and many halving will reach and in that time mining business is totally done and i really believe that all of cloudmining are running on ponzi system and should be avoided since there are so many incident happen and they use cloudmining just to gain more success upon there bad doings.

[BitHodler]

yes there was, hashocean, the early investor claims that they already enjoyed the profit, and from what i heard eobot is also one of the cloud mining that give investors profit, but i dont know whether its just a rumour or not, but i choose not to invest in such a risky thing anymore, and i also suggest you to do the same, the one that is going to make profit is the owner of the cloud mining

There was? Where? I don't see any profitabl cloudminings at this moment and it could not be profitable when years will passes and many halving will reach and in that time mining business is totally done and i really believe that all of cloudmining are running on ponzi system and should be avoided since there are so many incident happen and they use cloudmining just to gain more success upon there bad doings.

Cloud mining in general is a horrible industry, but I also remember some people that were saying they had made their initial investment amount back, and thus could continue with from there only profits.

I think it was with PB mining that turned out to be a scam. But those that indeed managed to get their money back are a far minority as probably 95% of the people have never been even close to getting 50% of their initial investment back.

[Hazir]

Cloud mining in general is a horrible industry, but I also remember some people that were saying they had made their initial investment amount back, and thus could continue with from there only profits.

I think it was with PB mining that turned out to be a scam. But those that indeed managed to get their money back are a far minority as probably 95% of the people have never been even close to getting 50% of their initial investment back.

Cloud mining was not terrible industry - scammers make it looks bad - the fact that is is so easy to fake mining operation and scam people made it really terrible.
For 1 legit cloud mining services there is 100 fake ones. So now when you hear "cloud mining" you think: oh, another scam - and the worst part is - you will probably be right.

[Daffadile]

I use eobot and nicehash and they work well. Nicehash is nice since you borrow someone elses hashes. I like that you can sell back your hashes by trading them so it gives ROI more easily. I know there have been many scams but you can easily check by using a mining calculator. So if their rate is better then the calculator then you know something is wrong.

[DarkStar_]

Yes. NiceHash/MiningRigRentals is, was, and still can be profitable, but it all depends on luck. The more blocks the pool your mining at finds, the higher chance you will ROI. Other then that, if cloud mining is profitable, why would the people selling contracts not keep the profits for themselves? There is never a 100% guaranteed profit opportunity in cloud mining. Those that aren't ponzis aren't profitable usually.