Cloud mining

[singpolyma]

It seems to me that mining is completely unprofitable because many coins are transferred to PoS protocol and it becomes more and more difficult to mine.

[Fatman861]

I do not believe in cloud mining! I'm doing real mining and it's not an easy job, and over time it loses its profitability. Only the one who owns the equipment earns well and this is temporary too! There is nothing more perfect than buying up coins and holding it until it becomes more expensive.

[pri3oner]

It sounds cool anyway.. Imagine how could it be but I think no one will allow to use that power for rent cos they are able to mint by themselves, right?

[Ninjacointop]

I dealt with cloud mining. Having invested in hashflare around 200 dollars. After that, the market began to rapidly decline. (February 2018). Now the project doesn't accrue profit. I don't think it's good idea to invest in cloud mining. It is better to buy crypto, while everything is cheap

[Eldest]

You should try with Togacoin, a data center in Tenerife that gives you payout from mining operations (also during token sale period) just keeping your tokens in your ERC20 wallet.  At the moment the token sale is in "early investor" phase, with a 33% bonus.

This is an interesting extract from the wp:

"Our endeavor is to separate the mining operations from the electricity costs, as well as diversifying investments to make the business safer and more independent from any market variable. This guarantees a complete payout to the token holders: in case mining become no longer profitable, it will be gradually replaced by our other activities (hosting/housing, application design/development and electricity sales).

The crypto-mining activity is strongly influenced by the electricity price and availability, because the success of this business model is largely dependent on the energy supply.

TOGA’s business model is part of a new generation of mining operations, which is climate-friendly, less subject to the fluctuations of energy price and, finally, more profitable and safe as it combines green energy sources with the business diversification."

https://togacoin.com/
https://bitcointalk.org/index.php?topic=4432984.0

Take a look if you have telegram:

https://t.me/togacoinofficialENG
https://t.me/cryptoboosterint

[minttop]

Well, it, firstly, depends on the honesty of Cloud mining system - most of them are scams and you can get not a good one
Another one point depends on the coin that you wand to mine - how it have been working during the time, what kind of price it has now and etc.
I hope, if you will get a good coin from not scam project, you will get something about 1500$

[_oh_no_stop_this_]

I think Bitmain charges way too much for their cloud mining service

[joelsamuya]

What is the profit if i will buy mining ferm (in cloud) for 1000$? Maybe aproximetly profits it will be also great to know!

Hi friend, what makes you decide for joining or thinking this cloud mining opportunities? But, i were you, i would not invest in it, because ive done that, most specially hashocean, been putting a lot of money and people under my team there but suddenly its gone, i mean i never recover my investment in it., so i would not recommend cloud mining., this is just a ponzi scheme trying to make money from the investors. Better not thinking about this opportunity my friend.

[forevergala]

cloud mining is a good investment for a short period of time, but this mining will last for just 2-4 months. and i think it's rather risky. i don't like this way of investments (

[dragontigear]

What is the profit if i will buy mining ferm (in cloud) for 1000$? Maybe aproximetly profits it will be also great to know!

I'm not sure if you can get a good profit in buying mining hardware because we can't really assure that the coin mined is profitable and i must suggest to invest your money directly to a cryptocurrency so you can start earning a big amount of money once crypto market rise up.

[_oh_no_stop_this_]

Have you all heard about this new thing called "mining hotel" ? It is similar to cloud mining, but you actually bring your hardware to the warehouse, and then people take care of it for a fee. This is suitable if you live in an apartment or have weak electrical supply. Seems like this is more trustable solution

[Isaackim]

Be very careful, this days you can be easily scammed of your hard earned money.

[Ethan Becker]

Some people says that cloud mining not-profitable now. I have a friend who invest in cloud mining a year ago, he don't invest in it now. Now he just trade and hold some coins.

[hummer113]

In my experience, all cloud mining is a scams in one way or another, probably the best option would be to just buy the cryptocurrency on the exchange and hold it.

[montreal]

I do not have personal experience in cloud mining, but I've heard from many people that it's very profitable) The main thing is not to work with scams 

[lunaelucemauram]

We would highly recommend that you stay away in cloud mining most of then are just scams and you can just lose your money. If you really want to earn form mining then to hardware mining instead, depending on the cryptocurrency that you would want to mine you can do GPU mining or ASIC mining it will depend on your preference. But if you do not want the hassle of maintaining your mining rig then investing in cryptocurrency and HODL will be you best bet.

[yakovsevsk]

Last year I bought a cloud mining contract. The first months were about 300 percent a year. Now the contract is still valid. But the accrual is 0%. Since all charges go to the fall of electricity.

[Cagan]

I searched for cloud mining sometime. you give a certain amount of money and buy an annual mining, and if you find a reference, you are getting paid. but sites are paying a certain amount of money and trusting their users and getting more members and then disappearing. so almost all of them are ponzi. please do not try to make money in an easy way because you will eventually be lost.

[_oh_no_stop_this_]

So how is nicehash making money if you all saying cloud mining is dead?

[Minor Miner]

I don't believe in cloud mining. Try to think logically - why should miners share profits with us, if they have good equipment and they can earn without us? Most likely, such pools will turn out to be scammers.