Cloud Mining ? Tell me About it please

[carlfebz2]

Cloud Mining ? Tell me About it please

I am wondering what exactly is cloud mining?

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

more less invest in as a shareholder? or really how does this work? information please

Bolded parts are the answer related to your question on which cloud minings are companies which do seek out investors for the situation that they would able to expand their mining services and in parts of that you would able to profit or have partial allocation on the amounts that they would able to generate or simply means you do rent out a hashpower for now its not physically under your control this is why its called cloud mining.Just a friendly reminder don't bother to invest on this type of business because most of them are scams and the second thing is that you wouldn't really be profitable at all.

[eagleman]

Cloud Mining ? Tell me About it please

If you want to know more about cloud mining, you can also google it. There will be a lot of things to pop out by just searching the key word "cloud mining".

I am wondering what exactly is cloud mining?

Farms will let you rent their rig and you'll be taking a portion of it's profit.

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

Yes but most of them are scams.

more less invest in as a shareholder? or really how does this work? information please

Your just a plain investor that let them use your money to buy more rig and in return they'll pay you with the profit they'll get.

[Thekool1s]

Cloud Mining ? Tell me About it please

I am wondering what exactly is cloud mining?

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

more less invest in as a shareholder? or really how does this work? information please

There are two types of cloud mining companies. The profitable ones and non profitable ones.

Long term profitable ones
- don't exist
- are a ponzi scheme
- Give unrealistic profits.

Then you have Amazon web services, where you can run their gpu instances to mine and burn your money.

In short you should only do cloud mining if you want to burn away your money.

[ModaFuka1994]

As I know cloud mining is a kind of mining that you need to invest money in cloud mining website to buy the hasrate from the provider then wait until the amount of cryptocurrency you mine reach to the minimum payout then you can withdraw it to your wallet. For now it's really hard to find out a truthworthy cloud mining cause there are a lot of cloud mining but almost are scam like ponzi scheme. If you're thinking about invest in cloud mining I think you shouldn't do that cause for example when you invest about 1000$ to buy asics miner to mine Bitcoin yourself, you'll get about 1 BTC in a month (just for example), but with the same amount of money when you invest in cloud mining you only can get about 0.7 - 0.8 BTC or maybe less in a month cause you need to pay the fee . Beside for now the mining difficulty of Bitcoin is really high so invest in mining is not a good idea, if you want to earn I think you should try trading.

[liuqi]

Cloud Mining ? Tell me About it please

I am wondering what exactly is cloud mining?

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

more less invest in as a shareholder? or really how does this work? information please

There are two types of cloud mining companies. The profitable ones and non profitable ones.

Long term profitable ones
- don't exist
- are a ponzi scheme
- Give unrealistic profits.

Then you have Amazon web services, where you can run their gpu instances to mine and burn your money.

In short you should only do cloud mining if you want to burn away your money.

You itself mentioned both worst option in mining in the explanation and I do not why you titled one type of cloud mining is profitable and another is non profitable mining option.
Everyday we find atleast one of the thread about querying about cloud mining. I hope people are not reading about cloud mining and it is been digged all the time by the different person.

[Thekool1s]

@liuqi what did you try to say there? I didn't understand a word you wrote. I guess the sarcasm in my post l went way over your head? Didn't it? Also how did you get accepted Into a signature campaign with that level of English? 

[Nfp]

Cloud Mining ? Tell me About it please

I am wondering what exactly is cloud mining?

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

more less invest in as a shareholder? or really how does this work? information please

Cloud mining is very risky, it is hard to find a trustworthy cloud mining site. Because now a days, their are no cloud mining site that are profitable for your investment. If i were you, i must try to invest in an ICO. It is more reliable than cloud mining.

[mx667]

Cloud Mining ? Tell me About it please. I am wondering what exactly is cloud mining? IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location? More less invest in as a shareholder? or really how does this work? information please.

Cloud mining is very risky, it is hard to find a trustworthy cloud mining site. Because now a days, their are no cloud mining site that are profitable for your investment. If i were you, i must try to invest in an ICO. It is more reliable than cloud mining.

Cloud Mining is the service of a mining company that provides a place where we can invest. In a way, we do mining, but those who take care of the hardware start cleaning the hardware to monitor the temperature of each hardware. But of course the results obtained from Cloud Mining is very different from Hardware Mining or mining directly. The results of our mining will be shared with the mining company. We will earn money from our mining and we can monitor our mining speed. Is Cloud Mining profitable? There was a time when Cloud Mining was profitable, but now I do not know then. If you want mining in Genesis Mining, you'd better wait until the lifetime package comes back up.

[worldtraveller321]

Thanks for all your help guys.

By reading on here and the feedback i got from Genesis Mining. Seems only way to make a return in Cloud Mining is a one time Lifetime membership.

I assume after the one fee. you would see the returns over time. Vs a one year where you will be always paying for a membership and gaining nothing back?

I am correct on this?

[winspiral]

Thanks for all your help guys.

By reading on here and the feedback i got from Genesis Mining. Seems only way to make a return in Cloud Mining is a one time Lifetime membership.

I assume after the one fee. you would see the returns over time. Vs a one year where you will be always paying for a membership and gaining nothing back?

I am correct on this?

I have an excellent "souvenir" about cloudmining.
Many people here talk about and have never "cloudmined".
Many people here like taking about everything and do not know about.

People talk about generalities and present it like particularities or vice versa.
This helps not other people...Fortunately I have not asked here.
I have my own experience as cloudmining webmaster and as cloudmining user from other systems.

I have been scammed and I have not been scammed...
I have stop "cloudmining" because my experience is made...
Everything I could tell you would be from the past...and could not help you,because scammers can born every time.

[gilangIDR]

Cloud mining is the worst scheme I've ever encountered at this time. Cloud mining will only hurt us all and this is the wrong way if you want a profit. Doing cloud mining is like wasting your time and money, I think you can still do much better. Look for something that can make you earn income, cloud mining is the choice for those who are desperate and their thinking is not running.

[winspiral]

Cloud mining is the worst scheme I've ever encountered at this time. Cloud mining will only hurt us all and this is the wrong way if you want a profit. Doing cloud mining is like wasting your time and money, I think you can still do much better. Look for something that can make you earn income, cloud mining is the choice for those who are desperate and their thinking is not running.

Have you already tried cloudmining or is what you said just taken out from the hat?

[worldtraveller321]

true enough, many people post something and claim to be experts.  how can you actually say something is a scam or not, without the experience

[burton6767g]

just invest into Hashflare~~

the hardware miners are harvesting faster than cloud mining,

but it may affect to enviroment and risky sometimes(overheated...)...it costs yearly or monthly to renew the hardware

the difference between cloud and hardware mining...is the cost from the monthly cost of power and pool fee

they all got diffculty problem,and the conclusion..the hardware mining got a little more profit than cloud mining..

but the reason why i invest into hashflare...just cuz i dont have a large rig and get rid of power problem~

[passwordnow]

true enough, many people post something and claim to be experts.  how can you actually say something is a scam or not, without the experience

It's known that most of the cloud mining are just scam. There are some that are operating and has been paying their investors accordingly but it's still better to be cautious about cloud mining. Scammers are just promising returns and profit to their investors without showing any proof of ownership that they do really own a mining farm and that's why if you are up to cloud mining, you are just trying to waste your bitcoin. Contracts of those "legit" ones called by their investors aren't good now so try to find some other investments like trading.

[lablab03]

Cloud Mining ? Tell me About it please

I am wondering what exactly is cloud mining?

IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?

more less invest in as a shareholder? or really how does this work? information please

Did you search on the internet first before you ask here in forum?  Cause all of The user here will immediately answer that stupid question bro.  Which is bunch of spammers make a post here and says scam , (without idea), making their own ideas  ,and sometimes copying post from other commentators and put some twist. Lol dont be too lazy mate seek some information first around the internet before to make a question here.  Regards

[vhiancs]

please read first before you make a new thread it's because your question are already exist. cloud mining is made by lazy and bad people they make it to get some bitcoin from the investors. Most people know that cloud mining is SCAM so there is nothing to trust.

[upsidedown75]

Preposters already explained, what cloudminers are. They are nowadays not profitable. So it is better to keep the money. If you just want to learn basics about cloudminers and cryptocurrencies in an entertaining way, then visit eobot.com. Use their faucet and click through all items / cryptocurrencies and visit their chat. If you want to generate income with your funds, then keep your BTC or get familiar with projects. You can see them in altcoin section(service announcements and bounties.

They are not even profitable anymore. Most of them are scams, so you will even be lucky not to end up with one.
However, even the ones that are not scams will not even give you ROI back these days and once your contract is over, it is over. Anyone that cannot mine all by themselves should not even bother as there are so many things they can do to get kick the ball rolling to earn more than mining.

[aencarnaci]

Preposters already explained, what cloudminers are. They are nowadays not profitable. So it is better to keep the money. If you just want to learn basics about cloudminers and cryptocurrencies in an entertaining way, then visit eobot.com. Use their faucet and click through all items / cryptocurrencies and visit their chat. If you want to generate income with your funds, then keep your BTC or get familiar with projects. You can see them in altcoin section(service announcements and bounties.

Apparently, what should one expect ?
Things are already getting out of hands for most of these guys and at the end; almost all of them will end up as the same thing. Scam! While a lot of users fund will enter one chance !

People, most especially newbies, should stop looking into cloud mining because there is nothing really to get much from those platforms anymore.

[mghaynes]

Follow my cloud mining journey here: https://bitcointalk.org/index.php?topic=2521761.0