Is cloud mining safe?

[Aamir1]

I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

Believe me, its not worth it. Investing in cloud mining is just wasting the money. It is not like all of them are scam or will run away with your money, maybe there are a few which are legit, but the process is too much slow that reaching ROI takes a really long time and i don't think it makes any sense to invest 0.05btc (for example) and wait for a year to get the same amount with just a 20 or 30% profit with it (maybe what i'm saying is more or maybe less, but it is actually like that).

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[richardsNY]

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No matter how many times people get adviced to not invest their money into cloud mining, people will just disregard given advice, and do it anyway. Buying Bitcoin or whatever altcoin has always been far more rewarding than any type of mining. People for some reason let themselves go soft just because of the thought that cloud mining will grant them a passive form of income. I definitely understand that having a passive income stream is something a lot people are dreaming of, but people shouldn't attempt to get it all cost. Cloud mining is a waste of money and precious time.

[passivebesiege]

I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

There are high risk involved investing in cloud mining, there are many cloud mining site already been close . Before investing in any site be sure that you are ready what ever happened, there are many other way to earn much higher profit but you need to have more experience in it. But it's almost the same risk with high return than investing in cloud mining , is much safer if you are the one who will manage your money and do not entrust it to others.

[tsaroz]

Genesis mining and Hashnet (Bitmain) are real miners. (Proof: Their signed mining address) and I can vouch for them.
Minergate too holds a large pool and might have some good mining hardware and is my second choice.
ViaBTC, one of the largest exchange and pool are also offering cloud mining service.

[BitHodler]

Genesis mining and Hashnet (Bitmain) are real miners. (Proof: Their signed mining address) and I can vouch for them.
Minergate too holds a large pool and might have some good mining hardware and is my second choice.
ViaBTC, one of the largest exchange and pool are also offering cloud mining service.

Hashnest is a legitimate mining operation, but that can't be said about genesis mining. From there I am very interested in the signed message from one of GM's mining addresses.

GM has been refusing to sign or even show their Bitcoin mining address, and that's going on for years now. It's nothing more than a scheme that eventually will vanish with people's money ~ that's a guarantee.

Also, just because Hashnest is a legitimate mining operation, this still doesn't mean you'll get to ROI at whatever time frame ~ cloud mining in general is one big joke.

[carlisle1]

I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

Well if it is cloud mining that we are talking about, there is actually a very high chance that you'll lose all your money . I'll suggest you to make a final decision for the better, whether to invest to it or not . It'll be better for you to Try to learn any other ventures instead .