why is there no cloud-mining now?

[vasrasus]

Cloudmining is another form of hyip. Hyip is not famous anymore because of ICO. And now many scammers are launching an ICO to scam others. Scammers are also improving their method and cloudmining are left behind 

[raymond541]

scammers understand that people are now smart.people knows cloud mining sites are ponzi scheme.I invest bitcoin many site but at the end I cant even get back my investment.I Just can tell you keep away from Cloud Mining.withdraw your investment soon otherwise you have big chance to lose your investment.I was try cex.io well known site but lose my investment.

[ethereumhunter]

because i think people is getting smart to choose cloud mining and i think they can used the calculation on how much they can get the profit with limited of hashrate. especially to mining bitcoin, we need a big hashrate to make good income in a day, beside that to mining altcoin, we need to the same big hashrate so we can make much of amount. we know that many cloud mining become scam or cloud mining is not profitable again because the difficulty of bitcoin is increase and it makes too difficult to mining.

[marcuslong]

I saw lots of cloud mining advertising at the social media and most of the people nowadays are don't want to waste their money for this crap investment programs where you're the one who gonna buy the hash profit and it will mine it for you the best one is buy an original ant miner and start with your own business with mining.

[Wipro]

I saw lots of cloud mining advertising at the social media and most of the people nowadays are don't want to waste their money for this crap investment programs where you're the one who gonna buy the hash profit and it will mine it for you the best one is buy an original ant miner and start with your own business with mining.

In facebook and twitter we may see that. However, there is much ad about the cloud mining or doubling. These two are most crappy option in bitcoin investments.
Genesis mining is only one cloud option just be a discussion in this section as well. Better you can avoid any cloud mining because all are comes with ponzi schemes.

[iqlimasyadiqa]

because i think people is getting smart to choose cloud mining and i think they can used the calculation on how much they can get the profit with limited of hashrate. especially to mining bitcoin, we need a big hashrate to make good income in a day, beside that to mining altcoin, we need to the same big hashrate so we can make much of amount. we know that many cloud mining become scam or cloud mining is not profitable again because the difficulty of bitcoin is increase and it makes too difficult to mining.

I do not recommend using cloud mining. Whatever outcome we get will definitely make us or others feel harmed.
This can trigger bad image of bitcoin investment by many people. So cloud mining is not a solution to earn income.

[fistfullofbtc]

because i think people is getting smart to choose cloud mining and i think they can used the calculation on how much they can get the profit with limited of hashrate. especially to mining bitcoin, we need a big hashrate to make good income in a day, beside that to mining altcoin, we need to the same big hashrate so we can make much of amount. we know that many cloud mining become scam or cloud mining is not profitable again because the difficulty of bitcoin is increase and it makes too difficult to mining.

I do not recommend using cloud mining. Whatever outcome we get will definitely make us or others feel harmed.
This can trigger bad image of bitcoin investment by many people. So cloud mining is not a solution to earn income.

i paid 3000usd for my mining rig and electricity and all the other gubbins.

some people want to mine but don;t want the hassle of the kit etc. Cloud mining offers a way to mine actual coins, and remember GM allows you to use you hash rate against other coins on some contracts.

not everyone wants to trade maybe they just want a steady stream of coins on a daily basis. my mining rig will take 12 months for roi on best case.

People should be allowed to make up there minds with all information available, you wont get rich from it but it will generally return better than a bank i have found. i don't follow the crowds i like to diversify, so owning coins, mining them both cloud and physically covers all bases for me.

[coolcoinz]

Cloud mining offers a way to mine actual coins, and remember GM allows you to use you hash rate against other coins on some contracts.

Tell me, why should anyone believe you if you're wearing their signature and posting about their services. I mean you're a walking advert for them, even your 2 last posts are praising them in 2 different threads. Is this your way to say "thank you" or are you on a payroll?
GM is a ripoff and 3% discount won't change anything. You'd need to be offering at least 20% to give people a chance at earning anything with them.

[fistfullofbtc]

Cloud mining offers a way to mine actual coins, and remember GM allows you to use you hash rate against other coins on some contracts.

Tell me, why should anyone believe you if you're wearing their signature and posting about their services. I mean you're a walking advert for them, even your 2 last posts are praising them in 2 different threads. Is this your way to say "thank you" or are you on a payroll?
GM is a ripoff and 3% discount won't change anything. You'd need to be offering at least 20% to give people a chance at earning anything with them.

Believe what? I haven't posted any untruths i even posted all my payouts on another thread, which i think was 90, added up to i think 2 something dash. Unfortunately people seem to live in this on/off argument, i gave a middle ground viewpoint, based on actually doing it, something 99% of poster cant actually say.

 I have my signature the same as you, i post on loads of threads but have knowledge in this area, and have a affiliate code the same way you get rewards for having your signature, so your argument is pointless and mute.

Again your argument is wrong, 2 dash are currently worth 320 usd, i paid 475 usd in march, so like i said roi should be 6 months unless difficulty increases vastly.  Maybe i got a good deal with dash but i researched it beforehand.

i post because i get tied of the same ignorami posting the same rubbish without anyone actually offering another valid viewpoint.





 

[CyberKuro]

There are a few cloud services which are "legitimate", albeit some of them can be shady.  A few of them are:

-Hashnest.
-Hashflare.
-Genesis Mining.
-ViaBTC.

Cloud mining is far from dead.  The problem is that people don't actually get ROI on it.

With Genesis Mining for example, people sign up to loads of two-year altcoin contracts, and then they end up actually losing money because every time the difficulty catches up with the price after a few months.  These surges in price don't make cloud mining profitable in the long term, because Bitcoin and (stable) altcoin mining is now matured enough that mining remains barely profitable, and only goes beyond that after a significant rise in price.

When companies have to make profit, this makes the actual money for the investor about zero.  Not to mention that you're buying hashrate, so price rise = difficulty rise = hashrate means less in the cryptocurrency, since you're actually investing using cryptocurrencies in the first place.

Yes, I have seen some of cloud mining offers in this forum, not all of them scam or failed and then closed.
But, here the things: cloud mining offers small profit and it takes like forever to doubled your capital. And why those people willing to share their project for others while they could make more money if just for themselves? But they choose to get more money from investors who don't know how to mining.

[n691309]

first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?

People are understanding things and know that cloud mining doesn't worth even if there is any service currently running, now the trending is more focused in ICOs where there are being "created" new coins every day or every week and people are extremely investing in these ICO but not all of them are getting successful.

[agustina2]

first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

i remember a couple of years ago there have been legitimate cloud mining businesses such as GHASH.io or as you may know it Cex.io and when bitcoin price went down to $200 and stayed around <$400 they paused it (explicitly called it pause) because of higher maintenance fees.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?

The rewards are being reduced after halving and on top of that, because bitcoin price was fairly high at the moment, miners should be compensated well even with drop rewards. So nothing changed and cloudmining must be operational.

But here's the thing I can't see. People nowadays are not that interested anymore in cloudmining because of low profit or let's say too much waiting for return of investment. Low capital = Low returns = Long ROI. Let's say no more ponzi anymore but rather than to invest on cloudmining, then invest directly with the coin or joined some ICO projects which is more profitable even just for couple of months.

[Bitcoinsummoner]

first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

i remember a couple of years ago there have been legitimate cloud mining businesses such as GHASH.io or as you may know it Cex.io and when bitcoin price went down to $200 and stayed around <$400 they paused it (explicitly called it pause) because of higher maintenance fees.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?

The rewards are being reduced after halving and on top of that, because bitcoin price was fairly high at the moment, miners should be compensated well even with drop rewards. So nothing changed and cloudmining must be operational.

But here's the thing I can't see. People nowadays are not that interested anymore in cloudmining because of low profit or let's say too much waiting for return of investment. Low capital = Low returns = Long ROI. Let's say no more ponzi anymore but rather than to invest on cloudmining, then invest directly with the coin or joined some ICO projects which is more profitable even just for couple of months.

People before are smart they are choosing to invest in cloud mining even its risky but there are some cloud mining are legit but for now its impossible to see a cloud mining site today even they are planning to be legitimate its impossible people will invest like you said low ROI even you have high capital you will be still get low returns ..
Miners are wise they are choosing to mine for their own after block halving many changes happen in bitcoin price movement and difficulty is increased more. that is why cloud mining today are not exist.
Instead people are investing for other altcoin because they seen large changes of the price of other altcoin like ethereum that the price was touch at $400 value. so other people want to be the early holders and make a good profit in the future. and forgot about cloud mining..

[senyorito123]

first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

i remember a couple of years ago there have been legitimate cloud mining businesses such as GHASH.io or as you may know it Cex.io and when bitcoin price went down to $200 and stayed around <$400 they paused it (explicitly called it pause) because of higher maintenance fees.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?

The rewards are being reduced after halving and on top of that, because bitcoin price was fairly high at the moment, miners should be compensated well even with drop rewards. So nothing changed and cloudmining must be operational.

But here's the thing I can't see. People nowadays are not that interested anymore in cloudmining because of low profit or let's say too much waiting for return of investment. Low capital = Low returns = Long ROI. Let's say no more ponzi anymore but rather than to invest on cloudmining, then invest directly with the coin or joined some ICO projects which is more profitable even just for couple of months.

Many people are more aware on what is happening on cloudminings thats why there's less cloudmining scam business has been build at this moment and that is the simpliest explanation we can plant here, Aswell as surely All those scammers are now Joining the altcoin scene thats why we can see so many shitcoins building up nowadays and some of them are just behiding on good roadmaps so we should be carefull upon choosing on altcoins where going to invest with.

[jack1111]

Maybe because people found more profitable ways to invest their money, ICOs for instance, you can gain much higher ROI by choosing the right project, a lot of people accuse ICOs of scamming, but I think there are some legit companies that aim to disrupt some industries.

[btcdevil]

Whether it is real or scam cloud mining is not profitable for anyone only who is running is in profit as he collects transaction fees and maintenance fees so they wont be in loss but who ever is investing it while all expenses goes out their wont be much left and if you see in long term you wont be in profit. So now the users have become more smart and instead of going for cloud mining they are going for trading in bitcoins and altcoins which is more profitable if you properly research and do it.

[favdesu]

cloud mining was always a scam. you can still cloud"mine" on several sites, they're just ponzi in disguise.

[shield132]

Guys there is one thing why legit cloud mining doesn't exist (only hashnest is legit as I know) and that's following: why the hell will someone buy miners and mine for your profit when he already can to mine himself and get a good profit for his own? And after this imagine some cloud minings which offer you lifetime contract, that's very fun. Hashnest is legit because they are under bitmain and also you can to sell your hashrate. They take fee from selling hashrate and that's mostly how they profit.

[Yuuto]

first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

i remember a couple of years ago there have been legitimate cloud mining businesses such as GHASH.io or as you may know it Cex.io and when bitcoin price went down to $200 and stayed around <$400 they paused it (explicitly called it pause) because of higher maintenance fees.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?

Because there is no real financial incentive for anyone to open a legitimate cloud mining site. It's not worth the effort of the admin to prove every single day to users that they have their rigs actually mining coins. If they don't do that, people accuse them of a ponzi. Even if they do, people complain about fees. So why not run a ponzi anyways because you're going to get blamed either way for losses?

I used to hold some hashpower at c-cex.io before they closed as well. The fact that you could both mine from their cloud mining service which was 100% legit and also you can sell the hashpower when you wanted to for real bitcoin was amazing. But unfortunately they did close down, which is pretty sad. The only legit one that i'm aware of is genesis mining at the moment. But it's not profitable either - don't bother investing in any of them, scam or not scam.

[avatar_kiyoshi]

Personally, I will choose to invest my coin into safe wallet, it's more profitable than spend into kind of investment like cloudmining.

Guys there is one thing why legit cloud mining doesn't exist (only hashnest is legit as I know) and that's following: why the hell will someone buy miners and mine for your profit when he already can to mine himself and get a good profit for his own? And after this imagine some cloud minings which offer you lifetime contract, that's very fun. Hashnest is legit because they are under bitmain and also you can to sell your hashrate. They take fee from selling hashrate and that's mostly how they profit.

Agree with this, besides selling their hashrate, they charge member with maintenance fees which this is an extra income from them.