Cloudmining experience

[Bitbtc8]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

[1715085400]

1715085400

[masterrex]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

My first journey into cryptocurrency investment was through cloudmining. Im invest in numerous cloudmining platform's such as HashOcean,Hashflare,Genesis Mining,Hashing24 Eobot etc. but some of it turn into a scam and others was stop its operation due low profitability issue.

[Mighty_crypt]

I remember that i did joined genesis mining years back and their service is very good, the problem is it takes a year and half to get your return of investment back so that was what piss me off and i quit and withdraw my remaining invested money, many of these cloud mining service are down already because they aren't able to keep up

[DaMut]

Another cloud mining service that I was using years ago is EOBOT.
I had been using all of those from in 2016 and stopped using it in 2017. And the biggest contract I ever bought is on EOBOT and then Genesis Mining.
as far as I understand in the middle of 2016, the contract is no longer profitable because we need to pay the electricity fee, maintenance, and ghost fee(unknown fee).
if I calculate my total investment in cloud mining and the ROI that I got from them, I did not make any profit because only 40% of my total investment was coming back to me.
and the rest was burned up to pay the fees and terminated contract(it could happen if you are buying small contract and the system claimed you will not get anything, so they terminated your contract).

[Crypt0BHunter]

What about cloud mining situation now in 2019? Has it become profitable, or there are only Ponzi schemes?

[pishite]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

In 2017, I tried to invest in cloud mining, but unfortunately I received nothing but losses, I tried to invest in Hashflare, because there were a lot of good reviews about it. But in 2018, they began to demand verification and withdraw not small commissions for withdrawal.

[rdluffy]

If you do the math, you'll see that every cloud mining don't worth

It's very very simple, you'll only gain money if the coin rise in value, so why not buy the coin directly?

Why do you prefer to gain your coins in a illusion that you are "mining", you will only mine if you have your asic, gpu, cpu or if you rent one and can mine the coin you want

[mirgo1791]

different use with customs as appealing unit on reference as preparing work on cloud mining as programmer might put of decision as offering use with option of GUI mining to helps investors as might to gains as collecting use of returns on decision with expends as exchanging risks on release with the backup on expends as the possession on use with the limit of assessment of resource on extrapolation.

[Ibizugbe1]

When I get to understand a bit of bitcoin in 2017, I invested just a little dollar in Genesis mining, without experience, I got more than 10times my investment from genesis because the price of bitcoin went very high. Till now I didn't login to genesis gain. As for hasflare, they are deceptive.

[lolgato1]

Please, forget about these companies. Most of them will end up as scams, just like we saw many times in the history.
You do better if you buy Bitcoin straight while it's so cheap.

[13abyknight]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.

Back then, cloud mining was a very hot prospect with respect to Bitcoin especially when the block reward was much more than what it is today. Although there were quite a bit of fake cloud mining sites as well but it was pretty easy to distinguish between them as payouts would be shown in a couple of weeks and investing beforehand was always deemed risky.

[sorrros]

I would rather invest into staking coins or I would lend my money through a platform like Bitfinex, Binance, Nexo and so on because it is more safe, I think.

[jmigdlc99]

Cloud mining is mostly just scams. There are already lots of people who have written out HOW and WHY cloud mining is a scam and all you have to do is google it and educate yourself. In fact, i've even done it for you, heres an article i found, in less than a minute, detailing why you should avoid cloudmining: https://www.reddit.com/r/Bitcoin/comments/6gbf9x/cloud_mining_is_a_scam/

Be warned! Don't fall for cloud mining. Just build your own rig if you are interested in mining.

[dodziu]

You are among of the few lucky people that have successfully cashout profitably from cloudmining contracts without a tale of sorry to tell.
Cloudmining have now become ponzi scheme since the companies no longer bother to purchase or build any mining farm.
The payment is now for the first come first serve.

[jacafbiz]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

Yes I do make decent profit from HashOcean, I don't think most people here knew about the scheme, it was one of the most successful scam mining contact, ran for months and one day disappear with our money, the mistake I made was being greedy and re-invest my money back into the scheme.

[Bellarg]

Cloud mining is one of the biggest mistification in crypto. Its very hard to earn money with it

[Ucy]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

I once mined Monero and few other Cryptocurrencies through Minegrate. I believe I mined substantial amount of the privacy coin but never bothered to withdraw it. I probably didn't have enough to withdraw after mining for many hours with my computers and mobile phone.

Cloud mining has become very unpopular these days. I would be surprised if any of the those sites still operate profitably.

[DonFacundo]

From my experienced was not good, most of the cloud mining that I joined were not paying, 99% of them were really scam those days. It was really wasting my time those cloud mining sites, better investing in cryptos.  

[2girls]

In 2017 i decided to give cloud mining a try and i did get to follow the best ones back then and the following are the ones that were very good until they stopped working excluding minergate and nicehash.
1 Genesing mining
2. Hashflare
3. Minergate
4. Nicehash
back then many fake and scam cloud mining websites did scam lots of people since not everyone can afford to build a mining rig but i was so lucky then until cloud mining stop been profitable, what about you guys? anyone on here that make better profits from cloud mining?

In most of the cases, cloud mining is a scam and i will never anyone to invest in this business. There might be few sites that are runing for some period of time but they too can scam anytime.

[FaucetKING]

I remember that this subject was gathering the interest of everyone in the past, peoples in Bitcoin Talk were insane when talking about the cloud mining contracts and the ability to gather profits without even buying a real RIG or paying for electricity. The thing is that i do remember that i made profits by referring users to the platforms affording the contracts but they didn't persist, this type of business was fishy since the start and i didn't really expect it to explode like this and harm everyone but the fact is that Cloudmining is worthless, it was worthless and still having the same value, ZERO.