Cloud mining

[suvo05]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

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[JohnDoe3490]

Never heard of it. Genesis mining is profitable but it depends on the contract. You can recoup your costs in a year. Sometimes you get lucky and recoup very quickly due to rise in prices.

[winspiral]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

My U2 system was at it's start a cloudmining,but it was not interesting economicaly to mine.
But the system is used differently.
The mining is not from the minerware but from the site profit.
All is for free and you invest just time.
It's a mix of faucet and trade.
It is now paying since october 2015 and all if for free.
It is why i say:impossible to lose you can only earn.

[iqlimasyadiqa]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

if you discussed is the cloud of mining then none of cloud mining profitable. if one is currently offering promos and promising a profit then it is just a lie to attract allure. you can read the various references, try to read and you will get to know what is called cloud mining.

[buwaytress]

There's a lot to be said about cloud mining but I will summarise it here for you: cloud mining sites are not profitable. There is no easy way to passive profits, certainly not for newbies with limited capital. Even the most reputable ones have plenty of problems, the biggest and oldest one, Genesis, has been delaying payments for weeks now and Google will show that there are enough people out there who end up disappointed when their "lifetime" contracts stopped becoming profitable even before their initial outlay is returned. To break even, more than 6 months is typically required.

The best advice is to stay away if you don't know how to calculate potential income. Sites like eobot do offer a way to cloud mine without putting down any investment by simply using their daily faucets to re-invest into buying hashpower. They also have their own pools and support cloud folding for Gridcoin and Curecoin, so I wouldn't call them a scam rightaway. However, at best, they give you the same returns as a faucet site. So if you really think spending time online for a few "free" satoshi is worth it, then you're probably better off hitting faucets.

[Hamphser]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

I didnt heard about eobot.com site but as i visited on the site it does have cloud mining,exchange,faucet and all i can say is WoW! They are complete already regarding on earning opportunities but talking majority on cloud mining.They arent profitable considering on the mining difficulty rise overtime and most of them are scams.This is why i dont really bother at all on joining them.

[audaciousbeing]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

If you have made mentioned of those two and they are not profitable to you, I dont even know which one would considering the fact that 95% of the cloud mining sites are scams and the site you are looking into is obviously new which means they are yet to be trusted and by so I would advise you wait a while to get the review of other if you are insisting on dealing with a cloud mining site. Otherwise, you look else where to make an investment in other to generate a passive income.

[Zocadas]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

.
I tried it out these days. The interesting is not the ROI on mining that is aleays at 17 month at the moment you buy (ghs price is based to btc price), but you can click on different coins, you want to get during mining. So its a kind of exchanging during mining. The other thing as I read here somewhere on bitcointalk, that mining contract, that is at 5 years can be exchanged to 24 hours contract. So you indirectly get back your invest but with loosing 20-30 percent. Seems to make sense when coins are hyping or you don't trust eobot anymore and get a quick pay out. Didn't try that yet to exchange back.

[spngebob]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

It is basically the same thing, i don't know why do you think it is different than any other cloud mining sites.
Your contract will expire in 1 year and you probably won't reach ROI by that time, even they are saying that you won't earn much if you invest.
Read this(from eobot):

Cloud mining should be considered as a fun, recreational activity and not a source of income or investment.

[boyptc]

Read this(from eobot):

Cloud mining should be considered as a fun, recreational activity and not a source of income or investment.

Seriously? This just shows on how they are not sure about what they are offering to their investors. That's why I'm avoiding by all means from cloud mining. It's not just profitable and they're contracts aren't really seriously going to give you a perfect opportunity to make money. It's like a hint, that eobot investors shouldn't treat it a serious investment or sort of like that. Just don't invest in cloud mining guys, please.

[PowerfulGuerilla]

There are lot of cloud mining websites which are scam. And there are some like genesis and minergate which are not profitable at all. I have found another one eobot.com which seems to be a bit different. Is it profitable to invest there? Is it legit ?

I've also read about HashFlare as the company which provides cloud mining services, but considering the most of Bitcoin cloud mining companies are fraudulent, it is hard to predict whether it will turn out to be profitable for you or not.
It would be better to avoid cloud mining in general unless you are willing to accept the risks.

[Vaskiy]

At present there are not much more of trusted mining websites. That too, most of the cloud mining platform that got into existence went as a scam in a short time period. This has created a negative statement regarding cloud mining over the minds of users who have been into mining.

[Huonghoang1939]

Best to keep away the clouds exploited when they are proposed profit with a very attractive price, or we just get back a little investment, then it will die before you return. Should not trust in the cloud because it always latent risks .

[mrcash02]

When I started using Bitcoins I accessed that site, Eobot. Someone adviced me to use that as there was a free DOGE faucet on the site, profitable cloud mining, bla, bla, bla... Then I invested some satoshis there, bought mining power and followed the progress.

But I noticed my profit was decreasing each new day, like Genesis Mining users say about that cloud mining. Sometime later there was another mining power to be bought and mine lost too much its price. Than I stopped using that Eobot, for me didn't look a good investment. That is my personal experience.

[ProzCoin]

Some are very legit. SOme are scammers. Therefore, you must investigate before investing your money in cloud mining. Scammers do not own real mining farm and you can easily spot them because most of the images are stolen on the internet. Legit sites do own mining farm and they selling hash rates to customers. And the contract increases its price over time due to the large number of people investing in these projects

[player514]

Some are very legit. SOme are scammers. Therefore, you must investigate before investing your money in cloud mining. Scammers do not own real mining farm and you can easily spot them because most of the images are stolen on the internet. Legit sites do own mining farm and they selling hash rates to customers. And the contract increases its price over time due to the large number of people investing in these projects

I'd say that most cloud mining sites are scams because of the idea behind cloud mining. It's in such a format that it seems so easy to just make money out of your investment. Scammers fudge up these numbers so that people think they can make so much money in very little time, but the reality of cloud mining is that it takes a long time to get ROI.

[fedoralite]

Some are very legit. SOme are scammers. Therefore, you must investigate before investing your money in cloud mining. Scammers do not own real mining farm and you can easily spot them because most of the images are stolen on the internet. Legit sites do own mining farm and they selling hash rates to customers. And the contract increases its price over time due to the large number of people investing in these projects

I'd say that most cloud mining sites are scams because of the idea behind cloud mining. It's in such a format that it seems so easy to just make money out of your investment. Scammers fudge up these numbers so that people think they can make so much money in very little time, but the reality of cloud mining is that it takes a long time to get ROI.

Not most but we can call it ALL of them since they are now just a ponzi runner and this is very disturbing since there are still people who have investment of those what so called old cloudmining sites. Maybe if they can pack there things up there maybe its best for them to do it quickly so that they will not gathered if the site owner selects to do an exit scam.

[batang_bitcoin]

Some are very legit. SOme are scammers. Therefore, you must investigate before investing your money in cloud mining. Scammers do not own real mining farm and you can easily spot them because most of the images are stolen on the internet. Legit sites do own mining farm and they selling hash rates to customers. And the contract increases its price over time due to the large number of people investing in these projects

Do you mean those some are hashflare and genesis? I still wont put and try to invest again in any cloud mining. Player514 is right, the idea behind cloud mining are just the same. And thats why I dont trust any of them anymore, better to take up the risk with the bear and bullish market of trading.

[Cipherr]

From what I could gather there are a couple that aren't scams per se, meaning they pay out. But you won't make your ROI on them in before the Contract is up, and on the offchance that you do, the total profit would end up being below what you would have made it profit had you just taken the upfront money you used to buy the hashing power, and put it into the coin directly and let the coins price rise.

Kind of a win win for the cloud mining business. If the price of the coin you are cloud mining goes up, you DO earn a profit, and attribute it to them... when really had you just put your investment in the coin itself, you would have done better over that 2 year span anyway.

[john2231]

Some are very legit. SOme are scammers. Therefore, you must investigate before investing your money in cloud mining. Scammers do not own real mining farm and you can easily spot them because most of the images are stolen on the internet. Legit sites do own mining farm and they selling hash rates to customers. And the contract increases its price over time due to the large number of people investing in these projects

What some very legit? I don't even experience a cloud mining site which is live for a long time .. if you experience a legit cloud mining site they are just good in the first time but expect if they got they wanted to other investors they will live without payment. Like the other said all cloud mining site are scam they are same purposes.. why they are giving free hashflare for you that they can mine with their own ?
That is why it is not good to invest your money in online because there is no free in the internet you can earn if you do a job or task or you own your own miner and mine yours..
Just give me a site where already live for a long time starting from 2015 and until now never heard legit cloud mining site..