Which Bitcoin Mining Cloud Mining To Choose, Which Is Profitable In Long Term

[Red Fish]

For beginners are very important to choose right BTC cloud mining company for long term profit. There are many Bitcoin cloud mining sites all over Web, it is very hard to choose. Some offer even free BTC mining, if you register with them. The first question can be - if this site is stable and profitable ? I heard that one Swedish BTC mining company even close - see info here https://www.miningsweden.se/news/, so that's mean Bitcoin mining is not so simple.   

[mrcash02]

It's not profitable, please, don't suggest it to newbies, it's just an illusion for them.

The only way to make profit with cloud mining is if the BTC price rise in the middle of process, while your BTCs are invested. If you for an example, invest your 2 BTCs when it values $800 and withdraw 1 BTC when it values $1700, you will make profit. You invested $1600 and earned $1700 after let's say in 1-2 years.

That is the farse behind cloud mining investments. If you hold your BTCs the profit is much higher than the cloud mining investment.

[s1ng]

Just see cex.io still operate until now ( it's been so long since I know bitcoin more than a year ago )
If they can exist until now , it means that people still interest on it. People still interest because they still got profit from it

[mrcash02]

Any real bitcoin cloud mining could be profitable in long term, but don't forget the risks such as bitcoin price dropped, halving in 2020, bitcoin mining difficulty increasing and competition with chinise miners as well.
The risk is too much and not worth because the profit isn't that much.

How profitable on long term? Genesis Mining is real and people are complaining a lot about their services.

Another cloud minings the same, the profit is lower each new day, in the end investors can't receive a decent income as it is lower each about 3 days. I never saw someone that received at least the same amount of BTCs that were invested on cloud mining.

Correct me if I'm wrong.

[BitcoinNewsMagazine]

Genesis Mining is a for profit company that charges high daily fees of $0.35 per TH and is the last place you would want to invest. If you want to buy cloud mining use a provider like HaoBTC where fees are $0.17 per TH and also has an internal exchange where you can sell your hash when you like. Hashnest also has started selling hosted S9 mining but fees are higher than HaoBTC.

[nizamcc]

IMHO, I would advice you to stay away from cloud mining because it will never put you into profit, and sites with high numbers will always end up scamming and running away with your money. If you want to start bitcoin mining yourself, then go for an S9 which is the latest upgraded miner available on the markets currently if you want to be in profit.

[mrcash02]

Genesis Mining is a for profit company that charges high daily fees of $0.35 per TH and is the last place you would want to invest. If you want to buy cloud mining use a provider like HaoBTC where fees are $0.17 per TH and also has an internal exchange where you can sell your hash when you like. Hashnest also has started selling hosted S9 mining but fees are higher than HaoBTC.

But even HaoBTC or Hashnest, they don't guarantee us we will mine at least the same amount of BTCs we invested, right?

There is some luck involved too, if the difficulty doesn't increase much, we will earn more and if the BTC price rise, we will make more profit too. But if the BTC price doesn't increase much and the difficulty increases fast we won't hit ROI, probably never.

Looks you are a investor of cloud minings, can you mine the same amount you invested or more? (same amount of BTCs).

[BitcoinNewsMagazine]

There are no guarantees. HaoBTC might return your investment in about a year, might not. Hosted mining is for enthusiasts who want to have a little fun mining. Maybe invest $150 and buy one TH. As long as you buy from HaoBTC or Hashnest when the new wears off you can always sell your TH on the internal exchange. Buying at Genesis Mining is never recommended, once you buy there is no way to sell. Just buying and holding bitcoin will probably give you a better return than mining.

[deadsilent]

For beginners are very important to choose right BTC cloud mining company for long term profit. There are many Bitcoin cloud mining sites all over Web, it is very hard to choose. Some offer even free BTC mining, if you register with them. The first question can be - if this site is stable and profitable ? I heard that one Swedish BTC mining company even close - see info here https://www.miningsweden.se/news/, so that's mean Bitcoin mining is not so simple.   

Someone told me that it was a scam. You should not trust unknown cloudmining. Trust only the legitimate cloudmining site only. Look at this thread https://bitcointalk.org/index.php?topic=1151110.0
As of now genesis, hashflare and hashnest are good and legit cloudmining. But stay away at miningsweden. Its just a ponzi scam.

[monbux]

For beginners are very important to choose right BTC cloud mining company for long term profit. There are many Bitcoin cloud mining sites all over Web, it is very hard to choose. Some offer even free BTC mining, if you register with them. The first question can be - if this site is stable and profitable ? I heard that one Swedish BTC mining company even close - see info here https://www.miningsweden.se/news/, so that's mean Bitcoin mining is not so simple.   

Someone told me that it was a scam. You should not trust unknown cloudmining. Trust only the legitimate cloudmining site only. Look at this thread https://bitcointalk.org/index.php?topic=1151110.0
As of now genesis, hashflare and hashnest are good and legit cloudmining. But stay away at miningsweden. Its just a ponzi scam.

Cloud mining is something everyone should be cautious about.  There is nothing stopping a cloud mining service from disappearing the next day.  If you are willing to risk your bitcoins like that, feel free to invest in the service.

[DigiSoul]

Bitcoin mining is not profitable though cloud mining is somewhat profitable but your share of profit decreases everytime .. And also its difficult to find a real working cloud mining sites .. As now-a-days most of sites are SCAM

[xIIImaL]

For beginners are very important to choose right BTC cloud mining company for long term profit. There are many Bitcoin cloud mining sites all over Web, it is very hard to choose. Some offer even free BTC mining, if you register with them. The first question can be - if this site is stable and profitable ? I heard that one Swedish BTC mining company even close - see info here https://www.miningsweden.se/news/, so that's mean Bitcoin mining is not so simple.   

I would say that please do not go for cloud mining when you are a newbie or other high rank members. Learn about bitcoin and earning platforms as much you can. Try to get place in any signature campaign and try to be a part of any bitcoin related projects where you can earn with your skills.

[LabaDaba]

not recommended

[BitcoinNewsMagazine]

For beginners are very important to choose right BTC cloud mining company for long term profit. There are many Bitcoin cloud mining sites all over Web, it is very hard to choose. Some offer even free BTC mining, if you register with them. The first question can be - if this site is stable and profitable ? I heard that one Swedish BTC mining company even close - see info here https://www.miningsweden.se/news/, so that's mean Bitcoin mining is not so simple.   

Someone told me that it was a scam. You should not trust unknown cloudmining. Trust only the legitimate cloudmining site only. Look at this thread https://bitcointalk.org/index.php?topic=1151110.0
As of now genesis, hashflare and hashnest are good and legit cloudmining. But stay away at miningsweden. Its just a ponzi scam.

That is why you should only buy hosted mining from reputable companies with a few years of good service, and then only if the provider has an exchange built in to their site so you can sell your TH when you want to. Hashnest and HaoBTC are the largest. They will not run off with your investment. Hashflare promises unreasonable returns so they are either a ponzi or a fractional miner (selling more hash then they actually own.) Hashflare is owned by Sergei Potapenko whose history looks pretty suspicious not someone you would want to invest into.

Mining Sweden started as a legitimate company but appears to have gone scam see this thread here at the forum.