What do you expect from cloud mining?

[hash.rent]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

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[3DBrushes]

I personally don't like cloud mining or any other fancy names attached to it. 99.99% of them are scam or will be scam in the upcoming days. It is very hard to identify a legitimate cloud mining company these days. Some sites pays you too low for example genisis mining. Buying Bitcoin mining contacts there is a waste of time instead holding Bitcoins could be much more profitable! lol

[carlfebz2]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Don't bother and don't understand anymore because these kind of things are useless and most of them are scams.If there are cloud mining then its not profitable at all and would really waste up the money you would invest to. Better to find another way of investment which would really be much better on this cloud minings and if you do have the money then why not create your own mining farm?

[DaMut]

what we are expecting from cloud mining ?
we're expecting a cheap contract with a realiable service and costumer service.
other than that,we're expecting a transparancy in our earning and their report regarding fees.

but too bad nobody cares about that because most of them only find a way to promote their service,
just to make them buy the contracts so they can live longer from it.
most of it did not really care about their costumer,some of them even closed their costumer account due to 'unprofit' account aka no longer profitable.

[mk4]

What do I expect from cloud mining? I expect to not make profit.

Look around bitcointalk about topics about Genesis Mining or cloud mining in general. It's either:

• a ponzi scheme
• a straight-up scam
• or it's far far from being profitable

It's simply just one of those three, 99.9% of the time.

[hash.rent]

I know that mining isn't easy, at least by going solo I found out how frustrating it can be to get a video card burned down, software incompatibility and all other issues... and I was wondering why the heck other cloud companies prefer to go on scamming people when they could create a real business around this.
Still, are there any satisfied clients so far?

[truthstalker]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Don't do it. I'm massively against cloud mining and the people who use it and open them. It's a ponzi scheme and they never end well and many people will end up losing out.

[Fidemoga]

I expect from cloudmining a big loss of my invest nowadays. Mining with own hardware is hard enough, cloudmining is even with the three legit services a big risk.

[swogerino]

Don't expect anything. Cloud mining is not profitable anymore for big legit companies like Hashnest, because of difficulty going up every few days or few weeks at maximum and the electricity plus the maintenance fee. When Hashnest cannot make you ROI because of these reasons any other website which promise you ROI within 2-6 months is only a scam which will pay a few users in the beginning with money gotten from latest investors and then disappear leaving late investors with nothing.

[azguard]

You cant expect anything cloud mining is dead and you will make almost as with faucets right not. Bottom line is that this was more less good when it was introduced but now dont waste money into this better invest in bitcoin or try your luck in upcoming ICO you will have better income from this.

[mobnepal]

Mining in cloud (cloud mining) will always remain as standard ponzi scheme in crypto niche nothing new than thousands of other hypes out there. Even if those cloud mining platforms will have huge mining rigs, they will sell more mining power than what they actually own and will keep paying old investors with money from new investors.

[TheQuin]

What do I expect from cloud mining? I expect to not make profit.

Look around bitcointalk about topics about Genesis Mining or cloud mining in general. It's either:

• a ponzi scheme
• a straight-up scam
• or it's far far from being profitable

It's simply just one of those three, 99.9% of the time.

^^ Is the correct answer. Cloud mining has never made any sense even going back to the days of CEX.IO when at least they were trying to make a profit for their customers. The problem is that mining will always only be marginally profitable at best because of the economics. If it is more profitable, more people start mining and the difficulty goes up which makes it less profitable. When you add to that a company running the cloud mining service has costs and overheads to cover and then will take a profit out of it the customer never can profit.

[TheCoinFinder]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Profit from cloud minings are beyond my expectations. While talking about cloud mining, it seem to me an outdated terminology.
You will be ashamed eventually if not taken care of your precious time and money.
Bitcoin itself has changed a lot for world traders, it is better to invest in bitcoin than to lure for such contracts.

[Fire Rabbit]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Why you want to go for cloud mining? Its really waste of money. It will take you more than a year to reach ROI in fiat. So whats the purpose of investing in cloud mining if you wont get any profit? Its better to buy the coin with that money and keep it in your wallet. Trust me in long run you will get more profit, if you just buy a coin and keep it in your wallet, than investing in cloud mining.

[tabas]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Cloud mining isn't profitable now even you'll invest to those well known and besides there's no more profit in cloud mining as others who are just popping out are scams. Don't mind if many are discouraging you to stop investing to cloud mining because you can be a victim of those suckers who are lazy developers and just want to ask people donating their money to their false promises about fake percentage.

[Hamphser]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Why you want to go for cloud mining? Its really waste of money. It will take you more than a year to reach ROI in fiat. So whats the purpose of investing in cloud mining if you wont get any profit? Its better to buy the coin with that money and keep it in your wallet. Trust me in long run you will get more profit, if you just buy a coin and keep it in your wallet, than investing in cloud mining.

It would be much a wise idea on holding your bitcoins instead on your wallet than on investing on these cloud mining sites.Cloud mining isnt really profitable at all specially the difficulty spike up which we can expect profits would really be mainly affected.There are really lots of cloud mining scams which they would really scam their investors money which you would really end up crying.

[Yuuto]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Think of cloud mining as a sort of MLM scheme like Amway, and i'm talking about the legit companies here like Genesis Mining that actually have a product to sell. The buyer of the contract will rarely make a profit, who actually benefits is always the referrer and the company itself.

Stay away from them. Tons of scammers in this field. You can never be too careful.

[blockman]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

I don't consider cloud mining anymore and I'm not interested with it. After the devastation that happened with hash ocean and this makes me don't trust them anymore. It is something that many are avoiding because it's not profitable anymore. Some are operating for years but the same thing can possibly happen just like the old cloud mining that I mentioned.

It would be much a wise idea on holding your bitcoins

Yes much better to hold your bitcoins instead of investing to cloud mining or you can trade it with alt coins.

[Slow death]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

How does cloud mining work?


answering your question: I will answer using my own experience, last year I invested in a cloud minig (true cloud mining) and I kept calculating every day and even then I did not understand how it was possible that my daily earnings were constantly lowering and what the more I was annoyed was that next to my daily earnings was estimated earnings that said that with my investment I could be earning more per day. months passed and it was a waste of time and money, so I gave up my money.

The problem of cloud mining is not the difficulty of mining, is the greed of the owners of the cloud mining company


lesson: Never invest in cloud mining sites!

[Indrawan77]

Nothing,  I dont expect anything from cloud mining because it is a scammed,  I dont care it is brand new or old and how people brag about how much they earned,  I still considered it as scammed, I was scammed so many times by cloud mining and I realize that cloudmining is not a legit way to earn and I hope nobody will ever fall into the same hole