Cloud mining experiences

[savioroshan]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

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[pooya87]

have i ever invested? yes
which? GHASH.IO (from cex.io exchange and they have stopped their mining long ago)
when? 2014
profitable? yes because of trading GHS
ROI? terrible from mining because of fees
is there any legit today? with 99.9% certainty NO
if you found one (0.1%) legit it is 100% not a good investment.

[ImHash]

Been there done that, got f**ked extremely hard sideways up and down back and forth, yes it was that bad believe me. I used to trade Ghashes until they stopped the market, you could try HashNest but just trading TH/s or even try out their new S9 contracts. they are the only legit cloud mining company that I know and trust. 

[deadsilent]

Yes, theres still legit cloudmining these days. Nicehash, genesis, and hashflare. Those are legit cloudmining sites. But if you ask me if its profitable. My answer is not. You will just lose you patience. It will take a long time before you regain your ROI. Investing on a cloudminng is not profitable anymore. Just look for other profitable investment.

[Herbert2020]

just go check the services discussion board here (https://bitcointalk.org/index.php?board=85.0). there are a lot of topics the same as yours there asking the same thing and the answer is always the same. there is no good cloud mining website that you can find and invest in.
and when i say good i am just including the real ones if there is any, they are never profitable.

[shinratensei_]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

1. You must move this topic into the correct section. Service discussion.

2. I suggest you read the whole sentences in this article.
http://themerkle.com/genesis-mining-review/

3 get your conclusion and read the other similar topics.

[Xester]

I have tried cloudmining and I also experienced being scammed by a hoax mining site and as I can remember it was HashOcean. It was really profitable in the beginning but it just disappear along with our investment. But not all mining sites are scams, there are three mining sites in which I really gain some profit. Here is my list, Hashnest - this site uses antminers to mine bitcoins but be careful and invest only in the new hardwares and not on the old ones, Genesis mining - so far so good, Cryptomining.farm- this mining site really gave me huge income through referrals.

[thepo1m]

Cloud mining = Scam. Those guys have perfected ponzi scheme, even those that front some mining equipment on their website. If you want to mine buy hardware and do it yourself

[BitcoinHodler]

i have never invested any bitcoin in any of the cloud mining service but i have watched many of them and read so many feedback on them.
most of them are scams, some are shady, and rarely there is any legit. but they all will go down in flames.
you can usually find out about the returns with some simple calculations, consider the fees they deduct and also consider the fact that difficulty is growing which means their fees are going to become bigger.

[xuan87]

Yes I had ever joined and invested in cloud mining, and I got scammed that is why i always suggest others to not fall into cloud mining business, I invested in a cloud mining that just operate for 1 month, I thought that i will earn ROI because it is still new, but only in 3 months the site closed down and i lost my money, so I would say there are no legit cloud mining

[buwaytress]

Yes, theres still legit cloudmining these days. Nicehash, genesis, and hashflare. Those are legit cloudmining sites. But if you ask me if its profitable. My answer is not. You will just lose you patience. It will take a long time before you regain your ROI. Investing on a cloudminng is not profitable anymore. Just look for other profitable investment.

Good point to clarify. There are more than enough legitimate cloudmining companies around and some have been operating for years. But this doesn't mean that they're profitable. The general consensus from experienced users is that cloudmining contracts are no longer profitable. They may have been a time when break-even ROI was achievable in months but not any more.

It's easy to distinguish legitimate cloudminers from scams: if it doesn't have a fee/maintenance structure, if it offers fixed returns, it's a scam.

[sunsilk]

I had an experience with it and I can say that cloud mining sites are the same, just take a look on the past with those 'trusted' ones but what did happened to their reputation?

When they are already considered as trusted by so many aspiring cloud mining investors, they manage to collect tons of bitcoins.

And afterwards, runaway with those bitcoins. They are just the same with their tactics though I'm not salty, I'm telling base on my experience.

[senyorito123]

Yes, theres still legit cloudmining these days. Nicehash, genesis, and hashflare. Those are legit cloudmining sites. But if you ask me if its profitable. My answer is not. You will just lose you patience. It will take a long time before you regain your ROI. Investing on a cloudminng is not profitable anymore. Just look for other profitable investment.

Good point to clarify. There are more than enough legitimate cloudmining companies around and some have been operating for years. But this doesn't mean that they're profitable. The general consensus from experienced users is that cloudmining contracts are no longer profitable. They may have been a time when break-even ROI was achievable in months but not any more.

It's easy to distinguish legitimate cloudminers from scams: if it doesn't have a fee/maintenance structure, if it offers fixed returns, it's a scam.

very true, since for now those what he called legit is surely struggling for now since mining industry is can be called dying right now, and surely any of those is not giving anymore some decent profits to their investors and we should avoid it before they choose to close down their business, and for others who tells they are legit and giving huge roi im very sure that they are scam,


People should remember that roi in cloudminins is pretty low and not worth to wait for long period of time.

[BitcoinPanther]

I have tried with PBMINING, and Zenminer by xpy and well the experience is very disappointing. I never had my RoI and worst I was just starting out when the company shutdown  .  Cloudmining is really a ponzi scheme.  They pay old member with the money of the new member.

[ipanks]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

i have experience with the cloud mining in the past and in that time, i can reach ROI but its need too long before it breaks the ROI, the time to break is sometimes 8 month until 12 month, its depend on how much hashrate we have. i think you can go with one or two cloud mining, make investing with them and use money that you can spend for cloud mining and use the rest of your bitcoin through exchange like you said that you can get profit.

[amacar2]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies. 

I haven't invested and i will never invest in any cloud mining ponzis.
Even if they are legit and operated under registered company, to get your investment back you may have to wait lifetime  
Buy own mining machine and run it if you have cheap electricity, if not better to leave the dream of earning from bitcoin mining.

[lady Royal]

Well, I have invested in PBmining a while ago, which turned out to be a scam site, However I have sold my account which had around 200 GHS in it it was sold at nice price almost half of the actual price because I have earned my ROI almost.
Now, I am looking to invest in some Cloud mining site if someone knows a better site, please do tell me, I want to invest some Bitcoins and want some easy income. I have around 100$ to invest right now.

[Zadicar]

Regrets do really appear on the last and i have said the same thing too on which i rather put my money or invest my money through bitcoin instead of putting it into cloudmining sites.I cant mention any legit cloud mining sites since most of them are just total scam.

[jseverson]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

If I we're you stay away from cloudmining sites you already had a bad experienced in past. All cloudmining sites will turns to scam in the long run and ROI will take more time if you have other way to earn just go for it don't invest in cloudmining sites. I've also scam by hashocean mate

[crairezx20]

Just wanted to know if anyone has ever invested in cloud mining. If yes please tell, in which one or if you know any legit cloud mining site please mention it here.I know most are scam or ponzies.  Please dont mention about genesis mining. I have already invested in it.They are paying me . But I dont think in this birth I will reach ROI. I invested in hash ocean. I dont know where it disappeared.Again I invested in topmine. It also scammed me.If I had invested that money in buying a  bitcoin through exchange I would have got profit.   Please write down your experiences about cloud mining so that it will be useful for others. I am not promoting any cloud mining services here. Just want to know others experiences about cloud mining.

This is not a good practices to invest in many cloud mining site the fact there are no cloud mining site that actually are legit sometimes there are some cloud mining site are there but it takes too much time to get the roi that we can say this is their strategy just to stay long their company until more people knows about their site.. and more people will invest and turn into scam.. this is the same as other cloud mining before..