Cloud Mining

[metokr]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

[achow101]

Nearly all cloud mining services are scams. If you participate in cloud mining, there is a very high likelihood that you will be scammed.

[crairezx20]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

They are not trusted in my own opinion most of them are scam if you really want to gain a good profit for mining better to buy your own hardware mining like s9 or build a rig for altcoin to mine.. Better to forget about those cloud mining site..

Honestly your question is already been answer by many members here and i hope we use the search button first before proceeding to make a thread. well we can not blame newbie because we know you don't know what you are doing..

[metokr]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

They are not trusted in my own opinion most of them are scam if you really want to gain a good profit for mining better to buy your own hardware mining like s9 or build a rig for altcoin to mine.. Better to forget about those cloud mining site..

Honestly your question is already been answer by many members here and i hope we use the search button first before proceeding to make a thread. well we can not blame newbie because we know you don't know what you are doing..

Thank you all for your answers . I tried searching the forum about answers to cloud mining but I could not find before

[blackmagician]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

Just a reminder mining  these days is not profitable ,some cloud mining sites will turn into scam before you get your roi back. Do not invest in cloud mining, and even doublers you will only lose your money without nothing in return.

[pooya87]

this topic has some good information about cloud mining: https://bitcointalk.org/index.php?topic=878387.0
it is a bit old now but the principle is still the same. try to read it and try to check the "Criteria" part on your own trying to find answers about a new cloud mining on your own.

[Dmitry.Vastov]

Even you invested in a trusted cloudmining doesn't guarantee you could get profit from that. Cloudmining is a risky investment. Many are complaining about them. Cloud mining can collapse anytime and possibly never return your investment. Plus, its not profitable anymore. You lose on both. Stay away from them.

[BTCmax24]

Mining is just a waste of time buddy. Much better to do signature campaig and some trading bitcoin, but to do that you need to learn how to analyse and study the coins project.

[Velkro]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

No its not. Its mostly scams.
Best investment is to just HOLD it. Thats it, no need to try to loose it.

[layoutph]

Hi dude , stay away from cloud mining.. All of them are silent scammers. Most of them spent their advertising campaigns from high affiliate commissions.

But once a target fund achieve they will just disappear ,and all invested Bitcoins are scammed.

[Rupucers]

Mining is just a waste of time buddy. Much better to do signature campaig and some trading bitcoin, but to do that you need to learn how to analyse and study the coins project.

Minning can be highly profitable. It just depends on various factors, like coins you mine, electricity costs and etc.

[digaran]

I understand that cloud mining is a risk(legit and trusted ones) but if you invest a large amount in those trusted services and keep your coins instead of selling them immediately after mining you could get a nice profit when price goes up.

[BigBoom3599]

I understand that cloud mining is a risk(legit and trusted ones) but if you invest a large amount in those trusted services and keep your coins instead of selling them immediately after mining you could get a nice profit when price goes up.

You might as well just buy and hodl coins then... Bitcoin is already a risky investment, there's no need to add more risk by cloud mining for little reward. Cloud mining is just not worth it considering risk/reward IMO.

[metokr]

Thank you all guys

[AncientEnemy]

It's a common question made by who is new in this world, and the answer is always the same, it's a scam.

[Coinonat]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

     Most of the cloud mining sites are scams and not trustworthy. Besides,cloud mining is no linger profitable nowadays.

[odolvlobo]

Maybe I something did not understand, but my computer is turned on earns per day 3K+ Satoshi. It's not big money, but they're not superfluous. The website pays consistently. If anyone is interested here is the link [reflink]
If I don't understand the topic then I'm sorry.

Your computer earns about $0.04 worth of BTC per day, or about $14 worth of BTC per year. If you want $14 worth of BTC, it would be much easier, faster, and convenient to just to buy it.

Also, consider that your computer probably uses at least 500W, or 0.5 kWh/hour. If you pay $0.10 per kWh, then you are paying $0.12 for that $0.04 worth of BTC.

[alphabeta0]

What about renting cloud computing for yourself like Amazon?

[sotisoti]

What about renting cloud computing for yourself like Amazon?

Well, it depends. If the coin is relatively new, has low difficulties and no pool mining available yet, most likely you will be able to mine a lot.

[BigBoom3599]

What about renting cloud computing for yourself like Amazon?

It rarely ever works, you'd have to be on the lookout for coins that were just pumped really hard, but their difficulty is still low so that you can then mine it with profit for a day or so... Not really worth it IMO.