Cloud mining still profitable?

[perla]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

[Bezobraznike]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

   There are many warning here on forum about cloud mining. Many people lost a lot of money with their wrong investments in cloud mining services.
Cloud mining services are profitable just for owners and first investors, everyone else lose.
   Instead of cloud mining services, people should think about invest in POS coins! It`s my plan for the future, at least one of the plans I have, to run
a masternode.

[Hektur]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yeah, that is right, the only one who is running for many years is the Genesis Mining. They are probably the real one. But it is a pitty, that this industry is full of scams.

[DaMut]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yeah, that is right, the only one who is running for many years is the Genesis Mining. They are probably the real one. But it is a pitty, that this industry is full of scams.

They might be a legit company, just like EOBOT if you ever heard that before. And about the Ponzi scheme, we know nothing about it. For example Genesis Mining, on the surface they have real hardware to mine Bitcoin right now. But we should know the fact that for almost more than 6 months, mining is no longer profitable.
and if we do simple speculation about their costumer and their company expenses so far, do you think they did not 'do' something behind our back? and do not forget another fact that some people were losing their money without an explanation from that company for a couple years. Just google it if you do not believe it,
cloud mining is dead for almost 3 years, and most of them were/are using a Ponzi scheme to survive for all this year.

[xprince1996]

yes of course mining is still profitable if you own your own device as long as it can sustain your bills and your device didnt broke you can reach your roi really soon.

[Wolfwar]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yeah, that is right, the only one who is running for many years is the Genesis Mining. They are probably the real one. But it is a pitty, that this industry is full of scams.

On the bitcointalk forum, quite a lot of users speak negatively about mining, because there is very little profit and it is not profitable to engage in this activity. In addition, the costs go to the voice work and maintenance of equipment.

[Milamol]

As stated above repeatedly, do not mess with it. This is a one-sided game, and you will not be on the best side.
If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.

[m.rifki]

As stated above repeatedly, do not mess with it. This is a one-sided game, and you will not be on the best side.
If you want to mining, look for a choice of promising, but little-known PoS coins. This can give a big profit in the future.

even though the kit is looking for post coins that are not widely known to that person does not guarantee that we will benefit by mining. the market conditions that I now think of crypto mining can be a loss in terms of operational costs in mining. we know that electricity consumption for mining is very large, we have to do a thorough calculation.

[Hektur]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yeah, that is right, the only one who is running for many years is the Genesis Mining. They are probably the real one. But it is a pitty, that this industry is full of scams.

On the bitcointalk forum, quite a lot of users speak negatively about mining, because there is very little profit and it is not profitable to engage in this activity. In addition, the costs go to the voice work and maintenance of equipment.

Yeah, but it is not about the small profits but because most of mining sites were scams.
If we talk about small profits, we should also start hate bounty campaigns because they give us very low profit recently.

[semobo]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yeah, that is right, the only one who is running for many years is the Genesis Mining. They are probably the real one. But it is a pitty, that this industry is full of scams.

On the bitcointalk forum, quite a lot of users speak negatively about mining, because there is very little profit and it is not profitable to engage in this activity. In addition, the costs go to the voice work and maintenance of equipment.

Cloud mining is something different from the mining by yourself with your own rigs don't get confused by the word mining. Cloud mining is like an investment you need to pay someone and they will mining for you then they will give the profits based on how they made it but most of them will never pay you.

[izanagi narukami]

I'm ever see the calculation, when the difficulty getting harder, it's not profitable anymore.
But if you keep insist to invest on it, just becareful , extremely careful.

As far as my experience said, any crypto investment are risky so personally I'm avoid it !

[MidnightWolf]

I'm ever see the calculation, when the difficulty getting harder, it's not profitable anymore.
But if you keep insist to invest on it, just becareful , extremely careful.

As far as my experience said, any crypto investment are risky so personally I'm avoid it !

It seems to me that right now you need to avoid any risks. In addition, on the bitcointalk very often now there is information that the mining has become very unprofitable. Many users of cryptocurrencies are moving away from this activity or freezing it for a while.

[chenille]

To keep it short: I haven't done a research about bitdeer and I don't know if it's a scam, but if you are sure it's no scam I doubt it is profitable in current market conditions. Their profits depends on their hardware, like if they use ASICs for BTC, they need a very cheap electricity to be profitable.

But in general, i don't like the structure of fixed cloudmining contracts. It's because you buy mining contracts and can't sell them later in the future. If you want to receive some profits from mining I can only recommend mining tokens, where you receive a part of the mining profits when you hold the mining tokens. And you can sell your mining tokens later, it's a huge advantage compared to normal mining contracts. There are not many offers of good mining tokens and you have to do a good research.

[TheReverend]

in my personal opinion at this time maybe if you invest in mining you might lose.
because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.

[GreatBug]

Two days ago JPMorgan published information that Bitcoin mining is not profitable:

https://www.cbsnews.com/news/bitcoin-worth-less-than-it-costs-to-mine-jpmorgan/

If their calculations are correct, the cost of mining one Bitcoin is $4060 and the current price is around $3600

[MI6]

in my personal opinion at this time maybe if you invest in mining you might lose.
because I have a number of friends who use mining, and they don't do mining at this time, because of the larger spending bills for now.

Electric bills, internet, and cheap coins even hard to mine it. That is all reason why some people not mining with GPUs anymore. It is too bad know they get that tools not in cheap price too because a lot of demands.

[sekop]

Indeed, many people stop mining because they feel the loss, and cannot have profits. This makes people stop for a moment and take a better attitude and feel safer. Cloud mining is not always profitable, but it must be more beneficial.

[Ekyfitri]

Indeed, many people stop mining because they feel the loss, and cannot have profits. This makes people stop for a moment and take a better attitude and feel safer. Cloud mining is not always profitable, but it must be more beneficial.

when the market price goes down, of course, miners will not benefit. the cost of using the tool will definitely be greater than the price of the assets they get. it might be better if their mining activities stop briefly waiting for the market to improve and that will make mining more profitable for the miners.

[poodle63]

Two days ago JPMorgan published information that Bitcoin mining is not profitable:

https://www.cbsnews.com/news/bitcoin-worth-less-than-it-costs-to-mine-jpmorgan/

If their calculations are correct, the cost of mining one Bitcoin is $4060 and the current price is around $3600

But this thread discussed about the cloudmining, if that's still unprofitable and how these miners are still mining the bitcoin? JP morgan seems missing a calculation about how much received as a validators in the bitcoin blockchain.

[Btc_1856]

Hello, I have just found this website bitdeer.com, it should be a new cloud mining site with very good prices, they pay daily directly from official BTC.com pool. They should have direct partnership with Bitmain.
So, please, does someone use their contracts? It is still profitable? Or what about Genesis Mining?
Thank you.

No, always avoid cloudmining because bad system hide behind it. We all know cloud mining or mining itself not profitable anymore since long time ago. System behind it is always Ponzi / HYIP scheme.

Yes, you are right, cloud mining or mining any coin is completely waste when you compare with your electricity bill. Many people lost their money through cloud mining website and which those websites scammed people a lot, so it is very good to stay from those cloud mining websites.