"Bitcoin mining is a Big no!"

[katinko]

Some cloud mining are legit. But I don't think it will be profitable, cloud mining are sometimes just a Ponzi scheme that will collapse anytime.

Yes legit at first, but in the long run they will turn to scam because they do not have real mining site they only get money in the investors for payout to the first person who invested on them. For me much better to have your own mining hardware that is much profitable than other method. Avoid cloud mining mate it could not help you.

[boyptc]

Some cloud mining are legit. But I don't think it will be profitable, cloud mining are sometimes just a Ponzi scheme that will collapse anytime.

Yes legit at first, but in the long run they will turn to scam because they do not have real mining site they only get money in the investors for payout to the first person who invested on them. For me much better to have your own mining hardware that is much profitable than other method. Avoid cloud mining mate it could not help you.

I don't invest in any cloud mining anymore, call it what you want to call it but I've learned from my past experience of becoming a victim of a "legit" cloud mining and that is hashocean. I just invested into it because there are some investors calling it that way when I was quite new to bitcoin and from that incident lesson learned. Don't trust and invest there.

[reliable]

Some cloud mining are legit. But I don't think it will be profitable, cloud mining are sometimes just a Ponzi scheme that will collapse anytime.

Yes legit at first, but in the long run they will turn to scam because they do not have real mining site they only get money in the investors for payout to the first person who invested on them. For me much better to have your own mining hardware that is much profitable than other method. Avoid cloud mining mate it could not help you.

I was inclined towards the cloud mining during my initial days when I was seeing those monthly returns they use to show on their site. But then after reading and doing more research came to know that their are very few genuine sites exists who will pay you continuously and better to avoid it and save your money from getting scammed.

[vinzanityyy]

Not straight-forward a big "NO" because if you have studied mining and have known sources of cloud mining sites that will really provide you bitcoins then I don't think that Bitcoin mining should be denied instantly, but if you are new to Bitcoin then I'd suggest you study and be skillful about mining, because there are tons of scam cases in the past few years wherein people would get scammed in mining not being aware that they are mining fake BTC, and this is why we should be literate enough to know and be sure of its legitimacy.

[Qartersa]

Yes, I agree. The response is not a straight NO because there are ways to earn good bucks through Bitcoin mining. Nonetheless, if you are really eager to venture onto cloud mining, then I suggest you would have to conduct a thorough research and study on how well such business works. Otherwise, you would end up having nothing either because you are not earning enough due to overhead costs or you got yourself scammed for a whole lot of devious schemes. You better be smart and educate yourself first.   

[@Mhaiang]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

You should try the trading and investing of altcoins or bitcoins instead of that cloud mining. Yes, that mining is very much expensive as far as i know and also it is very hard thing to do.

[Mademoiselle]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

You should try the trading and investing of altcoins or bitcoins instead of that cloud mining. Yes, that mining is very much expensive as far as i know and also it is very hard thing to do.

Mining btc is good but its risky, i mean it consumes alot of electricity and you wouldn't pay those big bills. For me I'll stick to marketing

[wxxyrqa]

Yes, I agree. The response is not a straight NO because there are ways to earn good bucks through Bitcoin mining. Nonetheless, if you are really eager to venture onto cloud mining, then I suggest you would have to conduct a thorough research and study on how well such business works. Otherwise, you would end up having nothing either because you are not earning enough due to overhead costs or you got yourself scammed for a whole lot of devious schemes. You better be smart and educate yourself first.   

Of course, you must first study the sphere of activity in which you are going to work. It seems to me that let the crypto-currency unite a lot of directions, but at the same time, production is very different from trade, as it is difficult to be very different from investments. Everyone should find themselves somewhere and in something certain.

[spring07]

Mining is real and works just fine if you happen to stumble on the right source.
From a personal point of view and experiences i have had in the past, it seems legit and trusted cloud mining companies are rare to come by and as a result scam companies flood the whole cyber space. Infact i am tempted to call most of the mining contract being paraded up and down as mere scam and we all need to beware.

[sister1001]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

I think that mining with graphics cards is nowdays a risky bet at most. Normally, if the benefits are particularly good due to good prices and plenty of coins to mine many more people go into it and the profit goes down. ASIC mining is probably even worse, as the really fat whales are into it.

[sister1001]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

You should try the trading and investing of altcoins or bitcoins instead of that cloud mining. Yes, that mining is very much expensive as far as i know and also it is very hard thing to do.

Mining btc is good but its risky, i mean it consumes alot of electricity and you wouldn't pay those big bills. For me I'll stick to marketing

It is also a quite unfair competition for those who live in countries with non-subsidized electricity prices. If someone is getting the juice at 5 cents, there is nothing I can do.

[sister1001]

Some cloud mining are legit. But I don't think it will be profitable, cloud mining are sometimes just a Ponzi scheme that will collapse anytime.

Yes legit at first, but in the long run they will turn to scam because they do not have real mining site they only get money in the investors for payout to the first person who invested on them. For me much better to have your own mining hardware that is much profitable than other method. Avoid cloud mining mate it could not help you.

The ponzis and the ilegit business are a real plague in all this. It is much better to try to invest in serious business with at least some professional teams and backers. The rest is a bet.

[erre]

I would be very curious to know who are the "financial advisers" you are talking about. Cloud mining is over, you can maybe find a mining partnership in China or Venezuela but you need very cheap electricity for btc mining to be profitable nowdays

[AMHURSICKUS]

Doing mining is very expensive, you need some equipment just to do mining.
It consumes lot of elctricity and you have to provide an stable elctricity just to perform mining. You should have a big capital if you want to start mining. And read and read about mining before you start, this will help you to acquire some knowledge and techniques.
If you really want to make your money double, triple or more. Try to do trading, it is risky but i can assure you that it is profitable.

[Kemarit]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

There are two sets of people that you have talked to. The first group of people you have talked is knows nothing and just want to earn quick bucks by investing on cloud mining sites, however, there are only few trusted mining sites that really give you good returns, and most of them are scams. While the second set of people, are really traders and have been in the business too long that they have earning big bucks already. They know the ins and outs and have been in the industry for so long and experience says that is the best way, not investing in cloud mining. Reason to the second set of people that you have meet, they know what they are saying and you should try it. Trading is risky YES, they are right, but the risk comes with big rewards as well.

[vintages]

There are some cloud mining sites that are genuine like the ones you have researched about but be careful. Its most times too difficult to trust them completely. Some trusted cloud miner have surprisely turned to become scammers. So  I suggest you should follow the advice of those that advice you not to enter into cloud mining, they might have been experienced in it. If they are making big income from bitcoin, I suggest you should ask them how they did it. They should put you through, to know if they pool mine, invest or trade.

[1Referee]

There are some cloud mining sites that are genuine like the ones you have researched about but be careful.

If we look through this cloud mining market, there isn't such a thing as genuine mining services, because all of them know that the far majority of the buyers won't see even 50% of their initial investment back. Those who do manage to ROI, are amongst the very few ones having had just pure luck. In other words, cloud mining is just a waste of time and money.

Its most times too difficult to trust them completely. Some trusted cloud miner have surprisely turned to become scammers.

Point is that you shouldn't trust them. Even if certain services are actually mining, they are still just gaming their users. It's a scheme that people throw themselves in, and they can only blame themselves for that. It's a scam infested market all the way through, so no one should be surprised to see whatever service shut down or run away. Cloud mining just like gambling is the poor man's attempt to become rich, and this only works against you.

[WitKohler]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

cloud mining is biggest No, Faust is also big No.
bitcoin mining is good and can make some profits from it and No for newbie.

[sajeebur rahaman]

What are the possible reason on thier contradiction?

Everywhere there are those who profit and those who have losses. by that I mean the following, for people who entered the cloud mining sites very early had the benefit of having many referrals and with that today they make a lot of money, there are also people who invested a lot of money and who also make huge profits and have people that are with damages, but this depends on the contract that each person has.

So it depends on the person you ask.

If someone has profits, obviously he will tell you that cloud mining are good investments.

If the person never invested in any cloud mining site and this person has just read some bad comment about some cloud mining company, then he will say to you: don't invest in cloud mining

If someone invested and did not like or disagree with the gains that have, this person will say to you: don't invest in cloud mining sites

Whos recommendation should i try and why?

You said the right thingBTCBTC

You should do your own research and decide for yourself.

[francojon]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

Cloud mining is not particularly risky. It is risky to invest in mining equipment that can easily get obsolete.