Cloudmining experience

[Impaler]

I tried eobot and genesis mining. In that time I was new to this market and invested some money in cloud mining. But after some time I realized that it would take years to take your investment back so quit. At this point of my life I would not recommend cloud mining to anyone.

[Vitamin_52]

I tried cloud mining, but not for long. too many sites are closed without a trace. now I use a reliable system miningrigrental. there you can rent the power of any algorithms, there are dozens of them and a period of 3 hours. I think this is the most relevant at this time

[OasisDre]

Main miner and Wiki mining are scam could mining companies, Don’t invest they are not paying, It’s site first 2 to 3 days payment successful but now no payment. I got my deposit payment from 10% then loss my 90% please don’t invest beware, there are many more of these scams on the internet, becareful mates

[semobo]

Best advice for the people who thinking about involving in cloud mining is,go for it if you want to lose all your money.

[hahahafr]

Cloud mining has not been my thing ever since it got introduced into this industry. Most of the platforms I knew back then got closed down and investors lost their money. Mining is not really profitable these days looking at the cost of expenses needed to be made. Better do some margin trading on Bitmex under full guidance though lol else you will get rekt

[pieppiep]

In my past, I tried to sign up in cloud mining like hashnest, eobot, genesis mining, etc. But I don't think too seriously about that, and I don't invest too big on their site. So far, I still see my account still active, and it gives me a small reward every day. I don't want to add more deposits because it is very difficult to earn bigger rewards from cloud mining. Besides that, I don't know how long they can still operate, and I don't want to get scam by cloud mining.

[semobo]

In my past, I tried to sign up in cloud mining like hashnest, eobot, genesis mining, etc. But I don't think too seriously about that, and I don't invest too big on their site. So far, I still see my account still active, and it gives me a small reward every day. I don't want to add more deposits because it is very difficult to earn bigger rewards from cloud mining. Besides that, I don't know how long they can still operate, and I don't want to get scam by cloud mining.

You will be getting rewards for 2 or three times but after that you will get stuck with your capital and rewards so basically those companies pay 10% of your capital and runn away with 90% in the meanwhile more and more people join to them.

[jessyj48]

Its true that 99percent of cloud mining services are scam and they will exit on you after paying you 10% of your investment back but nicehash can be trusted, you can rent hash power to mine for hours or 24hrs or even days to months if you want but its not profitable anymore unless you find real new coin thats worth mining then you can rent hash powers to mine them for large quantities before difficulty increase

[letyouearn]

Cloud mining is a total scam in my opinion... Wonder if there is anybody who got any profit as result of taking part in different cloud mining projects I bet nobody managed to win here if we are speaking about 5 year interval.

[South Park]

Cloud mining is a total scam in my opinion... Wonder if there is anybody who got any profit as result of taking part in different cloud mining projects I bet nobody managed to win here if we are speaking about 5 year interval.

I speculate the same, I do not think there is anybody that got profits out of cloudmining but I still wonder why people are still giving their money to those websites, if you want to mine a coin then buy a miner and begin to mine that coin, is not really that difficult and not only you can get profits if you live in a country with low electricity costs you are also supporting the coins you like and that is something really important at this time in which even worthwhile altcoins are having problems to maintain their price.

[magneto]

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'd suggest that you stop looking at cloud mining as a passive income source completely.

The reason why a lot of newbies get sucked into these cloud mining companies and invest absurd amounts of money in hopes of getting a passive return on their investment is due to the fact that there are certain unscrupulous youtubers that, in attempt of marketing their affiliate links, make absurd claims about profitability.

There is no profitable cloud mining in the long run, for the simple reason that maintenance fees will always mean that your contracts expire before its lifetime.

Anecdotally, you'll find the same trend.

[Samayuki]

I bet many joined cloudmining when they are still new to crypto space, they thought it will give them better ROI instead of buying miners or building gpu rigs but sooner they came to understand that it will take them years before they see profit and even the profit is too low, cloud mining is not profitable anymore

[shoreno]

I bet many joined cloudmining when they are still new to crypto space, they thought it will give them better ROI instead of buying miners or building gpu rigs but sooner they came to understand that it will take them years before they see profit and even the profit is too low, cloud mining is not profitable anymore

thats true . before when i was still a newb , that was on the year 2017 and i think mining and cloud mining that time were also hyped . that was also my reason on why i tried it .  i tried cloud mining on some popular website via browser . i can see the numbers running but i dont see the actual sats that i earned  . eventually i stopped doing that because i hear lots of feedbacks that its not worth it and some says that itll only damage my hardware    . until one time scams are popping anywhere   .