Advantages of bitcoin cloud mining

[hroub]

Advantage is for emperor Wu, you are buying cloud mining contracts to help Antpool to stay in the top 3 worldwide mining pools, then he thinks that we owe him something, then after having enough money, he feels like it is the time to double my Bitcoins, for a few months he tries to convince people that what he is saying is for the best, shills posting tirelessly, when he couldn't fool every body, he forked Bitcoin cash and didn't share them with us beggars, I'm willing to be his shill around here if he gives me 10 BCH I can finally buy my dream house (if I'm going to shill for him, don't you think that I need at least a place of my own? I also need to have a place if I've ever want to bring a prostitute to perform a jumping for the first time in my life, also I've heard if your shills jump a girl, they could be strong and have a better chance of success in shilling for you). a simple lol would suffice.

Are you saying that you have a hashnest account, had BTC in your hashnest wallet, and never got an equivalent amount of BCH after the fork? In that case, you should submit a support reauest

I had 2.04 BTC before the fork and after the fork I found a new BCH wallet with the same amount:

[1715138907]

1715138907

[1715138907]

1715138907

[1715138907]

1715138907

[1715138907]

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[1715138907]

1715138907

[imstillthebest]

1. But i will get the electricity cost and the maintenance cost. What's the different thing? But i can make
2. I don't think so.
3 Just with a gigahash and I can't pay the transaction fees. The bitcoin mining will be worthy if we can get hundreds gigahash. Every cloud mining site was offering to trade his hashrate power and i'd like to call it hashmarket.
In my opinion about the cloud mining site is not worthy again right now. I will never meet my ROI.

what cost are you talking about? you wont get any electricity cost on cloud mining because it mainly works online. cloud mining or hardware mining are not really profitable nowadays because of the increased difficulty lately due to the fact that there were so many miners that are operating thesedays.

Advantage? I can't see any advantage since cloud mining aren't profitable already and mostly of them are just scams that's why I dont really bother myself when talking about cloud mining since I'm done already with hashocean scam

yeah, were on the same boat and i also think that these cloud mining sites dont have any advantages to offer to you because the real truth behind them is they are actually all scam or ponzi scheme. @op i just want to say goodluck to your project and i hope you will get some good clients to test your platform.

[hroub]

1. But i will get the electricity cost and the maintenance cost. What's the different thing? But i can make
2. I don't think so.
3 Just with a gigahash and I can't pay the transaction fees. The bitcoin mining will be worthy if we can get hundreds gigahash. Every cloud mining site was offering to trade his hashrate power and i'd like to call it hashmarket.
In my opinion about the cloud mining site is not worthy again right now. I will never meet my ROI.

what cost are you talking about? you wont get any electricity cost on cloud mining because it mainly works online. cloud mining or hardware mining are not really profitable nowadays because of the increased difficulty lately due to the fact that there were so many miners that are operating thesedays.

Hashnest always advertises their cheap electricity cost, which is included in the maintenance cost

Advantage? I can't see any advantage since cloud mining aren't profitable already and mostly of them are just scams that's why I dont really bother myself when talking about cloud mining since I'm done already with hashocean scam

yeah, were on the same boat and i also think that these cloud mining sites dont have any advantages to offer to you because the real truth behind them is they are actually all scam or ponzi scheme. @op i just want to say goodluck to your project and i hope you will get some good clients to test your platform.

I have explained a few posts back what makes HashNest and AntPool that are both Bitmain (famous for their AntMiners) companies legit: https://bitcointalk.org/index.php?topic=1809206.msg25641003#msg25641003
BTW, as far as I can tell, Bitmain has been in the ASIC business since Q1, 2013: https://bitcointalk.org/index.php?topic=330665.0,
and HashNest in the cloud mining business since September 1st, 2014: https://bitcointalk.org/index.php?topic=765128.0

Regarding profitability, right now HashNest, until they release and sell another cloud mining S9+ or T9 batch, they are only profitable if you are good with hashrate-buy-low-sell-high-trading, because the current price/hash of the S9 (due to high demand) is almost 8x the price/hash of the S9 when it was sold in the hashnest shop. (hashnest shop sells you a full miner with all its hashes. u can then trade some or all in the hashmarket). So, you cannot make ROI with the current price/hash.

The only way to make passive cloud mining ROI (with HashNest), is to wait for their next cloud mining batch release, or their next PACMiC contracts. I hope this clears things up.

[hroub]

I don't see any advantage of cloud mining as it is not profitable nowadays, you may be promoting the hashnest cloud mining service but how can you be sure that it is reliable and how sure are you that it is stable when all people knows that this type of investment just have the same intention to bitcoin users .

I don't know if you tried cloud mining but users here are making profit actually.
It's reliable because we are promising you to deliver you the miners when the miners are not making profit here.
It's stable because we are promising that all of your hashrates will be used to mining and getting the shares.
Anyway, you need to watch the price on the market to decide your investment strategy.

That's a great suggestion! They should start diversifying their cloud mining operations, and mine most profitable coins from other algos and pay us with BTC. Mining more profitable coins means greater profits for HashNest and it's investors!
^^^ @HashNest, Do this Please! ^^^
And who do I have to bribe around here to tell me how to get notified of next batch release dates, or where to look for those announcements. Is there an existing batch release thread

[hashnest]

I don't see any advantage of cloud mining as it is not profitable nowadays, you may be promoting the hashnest cloud mining service but how can you be sure that it is reliable and how sure are you that it is stable when all people knows that this type of investment just have the same intention to bitcoin users .

I don't know if you tried cloud mining but users here are making profit actually.
It's reliable because we are promising you to deliver you the miners when the miners are not making profit here.
It's stable because we are promising that all of your hashrates will be used to mining and getting the shares.
Anyway, you need to watch the price on the market to decide your investment strategy.

That's a great suggestion! They should start diversifying their cloud mining operations, and mine most profitable coins from other algos and pay us with BTC. Mining more profitable coins means greater profits for HashNest and it's investors!
^^^ @HashNest, Do this Please! ^^^
And who do I have to bribe around here to tell me how to get notified of next batch release dates, or where to look for those announcements. Is there an existing batch release thread

Yes, now we have Antminer K5 which mine CKB, very profitable. Don't miss out!

Second batch of K5 was SOLD OUT again yesterday! Due to big demand, we restock it today in limited quantity.
Price: USD 1499
Hashrates credited in 60 days from date of purchase.

Now you see it, later you don’t. So don’t miss out another opportunity to get the most anticipated miner of the year: https://www.hashnest.com/hash/shopitem?hc_id=59

Happy mining CKB.

[fortunecrypto]

Although Hashnet looks reliable I would not trust by thousands of dollars if I am going to mine I prefer doing it with me owning the hardware, so I can have full control of it, if it is not profitable anymore I can sell my hardware, I have seen so many cloud mining going up and down, and this is the reason why it's hard to promote cloud mining now.

[Saisher]

What is cloud mining?
You can participate in bitcoin mining without maintaining the hardware by yourself.

We would like to share with you the advantages of bitcoin cloud mining to the members who are interested in.

1. Start hashing immediately!
Escape the noise, costly electricity bills, and warranty headaches.

2. Stable
Mining deployment on a global scale 99.9% uptime guaranteed!
Detailed statistics provided.

3. Flexible
Start mining with even just one gigahash.
Trade and transfer hashrate with ease.

The advantage or the risk is greater than the advantage or the profit, the risk is when cloud mining ceases to operate and there is no way investors can get their money back, we have seen this happens so many times, cloud mining is not popular today, you can attract newbies who does not do research.

[Quidat]

The advantage or the risk is greater than the advantage or the profit, the risk is when cloud mining ceases to operate and there is no way investors can get their money back, we have seen this happens so many times, cloud mining is not popular today, you can attract newbies who does not do research.

I agree to this word when it comes to risk:profit ration.Cloud mining is long time non profitable when bitcoins mining difficulty rised up.
Only for those miners who do reside on places where electricity is cheap and to those who are financially capable on buying these expensive miners.
With cloud mining services,you cant even reach up your ROI until your contract had expired which means? You already lose money.

[Cvetik56]

The advantage or the risk is greater than the advantage or the profit, the risk is when cloud mining ceases to operate and there is no way investors can get their money back, we have seen this happens so many times, cloud mining is not popular today, you can attract newbies who does not do research.

I agree to this word when it comes to risk:profit ration.Cloud mining is long time non profitable when bitcoins mining difficulty rised up.
Only for those miners who do reside on places where electricity is cheap and to those who are financially capable on buying these expensive miners.
With cloud mining services,you cant even reach up your ROI until your contract had expired which means? You already lose money.

This info should be spreaded a lot more, I see these threads quite often and since threads are coming in - forum (and crypto in general) newcomers are expecting cloud mining to be profitable.

[Lhaine]

This info should be spreaded a lot more, I see these threads quite often and since threads are coming in - forum (and crypto in general) newcomers are expecting cloud mining to be profitable.

its actually profitable but only in short period time.

Advantage : you dont need to do anythinh just to earn money you will only need to invest .

Disadvantage : high risk investment there is a chance that your money will not came back to you once you invested.

[aioc]

its actually profitable but only in short period time.

Advantage : you dont need to do anythinh just to earn money you will only need to invest .

Disadvantage : high risk investment there is a chance that your money will not came back to you once you invested.

The disadvantages outweigh the advantages, every inc=vestors long term profit or at least get a small profit, but with cloud mining you will lose 50% of your investment because you regain all your investment, the cloud mining will close down or will stop paying it's investors, much better to totally ignore all of them.

[nelson4lov]

Is cloud mining still a thing in 2020? I hope not. Mining itself isn't that much lucrative talk more of using a cloud mining service. Let's also not forget the the block rewards will be slashed by 50% in the next 3 months. So instead of cloud mining, I'll suggest you explore other earning options available like trading, investing or better still, if you're skillful, offer a service. Offering a service one way to ensure that you get a consistent flow of income compared to Cloud mining

[aioc]

Is cloud mining still a thing in 2020? I hope not. Mining itself isn't that much lucrative talk more of using a cloud mining service. Let's also not forget the the block rewards will be slashed by 50% in the next 3 months. So instead of cloud mining, I'll suggest you explore other earning options available like trading, investing or better still, if you're skillful, offer a service. Offering a service one way to ensure that you get a consistent flow of income compared to Cloud mining

Yes that's true after the halving the cloud mining is not profitable anymore I don't think there would be cloud mining that is operational on that period, you posted the good about cloud mining but you did not mention about its bad sides and the halving that is going to come, potential investors should do diligent research of all of this thing.

[TeslaWatt.com]

This info should be spreaded a lot more, I see these threads quite often and since threads are coming in - forum (and crypto in general) newcomers are expecting cloud mining to be profitable.

its actually profitable but only in short period time.

Advantage : you dont need to do anythinh just to earn money you will only need to invest .

Disadvantage : high risk investment there is a chance that your money will not came back to you once you invested.

Much better option is to have your physical hardware – profitable or not you still own the asset.
Cloud mining is very risky because there was so many cloud mining that has been collapsed before, even if the cloud mining is legit.
You can hold machines in some professional facility or at home depends of electricity cost.

[bakasabo]

Much better option is to have your physical hardware – profitable or not you still own the asset.
Cloud mining is very risky because there was so many cloud mining that has been collapsed before, even if the cloud mining is legit.
You can hold machines in some professional facility or at home depends of electricity cost.

But this "assets" value reduces everyday (depreciation) or when new hardware comes out.
Instead of cloud mining, I would rather invest funds somewhere. At least the funds have documents, owner and etc. I mean if you want, you can visit the office or meet CEO. But cloud mining - this is like investing in numbers. You cant really tell do you mine something or just numbers on your account changes.

[nerdjack]

There a few I can think of: no bitcoin mining equipment to sell when bitcoin mining is no longer profitable and no electricity costs 

[sheenshane]

But this "assets" value reduces everyday (depreciation) or when new hardware comes out.
Instead of cloud mining, I would rather invest funds somewhere. At least the funds have documents, owner and etc. I mean if you want, you can visit the office or meet CEO. But cloud mining - this is like investing in numbers. You cant really tell do you mine something or just numbers on your account changes.

I tend to agree with this. Most likely cloud mining will end up scams because they only steal photos anywhere just to have fake mining equipment that investors will lure to them. For me, I consider Bitcoin cloud mining is a pyramid Ponzi scheme. After they will full their bag they will run away together with your investment. So this was clearly they are profitable at this moment or much better is to stay away from them. Innocent and lazy people will always fall on their trap.