Cloud mining for bitcoin

[letteredhub]

Greetings! I'm on a quest to find some bitcoin mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the BTC. I'm looking to setup as many as I can to get ideally 0.33 BTC as quick as possible; then sell the BTC. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.
Or perhaps another cryptocurrency can help me with this, one way or another. Thanks for the replies, greatly appreciated 🙏

At first when I saw the subject topic of your thread I shrouded shoulders knowing full when that nothing profitable comes from cloud mining except losses as a victim to scam activities with huge sugar-coated promises on ROI.
If your looking for a way to make money through cryptocurrency in meeting  your demands then cloud apps ain't the right path to embark on, it's a road that leads to  nowhere good. If you can put up together resources for equipments needed for conventional mining then it's better than looking into cloud mining.

[Wiwo]

Greetings! I'm on a quest to find some bitcoin mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the BTC.

With the way you sound I think you will most likely get scammed into investing into some kind of cloud mining pool that will end up as scam at the end, because cloud mining is a proven scam and you are advised to stay away from them.

I'm looking to setup as many as I can to get ideally 0.33 BTC as quick as possible; then sell the BTC. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation.

The amount of daily reward of 0.33 is way to high that you will require a high-level mining devices that will cost quite a lot to get them set up. I guess you should concentrate on building a stable income by setting up a bitcoin mining firm instead of investing in a third-party cloud mining scheme that could run away with subscribers' invested funds.

I want to mine Bitcoin and also crypto cause I need Money from my expenses and it spuid be good if earn so fast. But I have heard that Cloud mining sites are scams. So I haven't invested yet.

First, you should know that there is no quick money anywhere,  and any attempt to get quick money can lead you into a scam project, you should concentrate on building up your knowledge on investment and set aside some extra funds to invest in bitcoin for the long term base. Instead of investing in cloud mining or other centralized investment projects.

[Daltonik]

Greetings! I'm on a quest to find some bitcoin mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the BTC. I'm looking to setup as many as I can to get ideally 0.33 BTC as quick as possible; then sell the BTC. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.
Or perhaps another cryptocurrency can help me with this, one way or another. Thanks for the replies, greatly appreciated 🙏

I remember there was once a hashocean "cloud mining" hype in 2015, and there, too, as the number of users increased, the daily incomes of the early participants grew, but exactly until the moment in 2016, the scammers decided that they had enough funds and the continued existence of this "cloud mining" would already require investments from themselves by deceiving 700,000 people, and there are enough such examples.

[Flep182]

Greetings! I'm on a quest to find some bitcoin mining sites/apps that have a considerably lower threshold for minimum withdrawal My plan is to reach whatever the would-be minimum payout thresholds, add it all up and then sell the BTC. I'm looking to setup as many as I can to get ideally 0.33 BTC as quick as possible; then sell the BTC. The money I received then will go towards groceries and anything else beyond. Such as investing in the best paid online traffic methods in efforts to make money online via online content creation. I've recently been spending some time devising strategies and formulating plans to make money working smart rather than hard.
Or perhaps another cryptocurrency can help me with this, one way or another. Thanks for the replies, greatly appreciated 🙏

I remember there was once a hashocean "cloud mining" hype in 2015, and there, too, as the number of users increased, the daily incomes of the early participants grew, but exactly until the moment in 2016, the scammers decided that they had enough funds and the continued existence of this "cloud mining" would already require investments from themselves by deceiving 700,000 people, and there are enough such examples.

Remember GAW Miners, with their hashlets, that made more money by trading them than by actually running them. Or the pre-ASIC LTC mining hardware from this mysterious dude that did a few insane sales over black friday and christmas and then did a *poof*

[gunhell16]

I want to mine Bitcoin and also crypto cause I need Money from my expenses and it spuid be good if earn so fast. But I have heard that Cloud mining sites are scam. So I haven't invested yet.

So, now that you know,  do you still have an interest to continue to try it in the cloudmining?
Don't waste your time on this thing dude, because your just throwing your money in the trash can you know.
Besides, there are a lot of options for you to earn here in the crypto business actually.

As long as you have the skills in which is related here in the crypto space, I am pretty sure you will not be zero
in terms of getting profit here in the crypto space.

[safar1980]

Binance Pool Launches Cloud Mining Partner Program
following requirements:
Own reliable and stable power resources
Have a total BTC hashrate that is greater than 500 PH/s
Attains an average daily online rate that is higher than 95% for their mining machines
Have a comprehensive mining monitoring system and a professional mining operation team
Holds a predetermined amount of BTC collateral on their Binance Pool account to guarantee a steady hash rate

[Alexeymalutin]

Better to buy your self an ASIC this cloud services are way overpriced
Good to start with something like 100 USD but not for a long run. 

[stompix]

Binance Pool Launches Cloud Mining Partner Program
following requirements:
~
Holds a predetermined amount of BTC collateral on their Binance Pool account to guarantee a steady hash rate

Muahahaha, this is a new one!
So I'm lending my hashrate to you without which you can't run your business since you just have a platform, you're the intermediary, you make money reselling my hashrate, and you want me to put down collateral while the risks are obviously the other way around, you using my hash to earn money do not pay me a dime?

Yeah, that has worked wonders in the past!

Have a total BTC hashrate that is greater than 500 PH/s

Hmm, HUT 8 and Bit Digital barely had a bit over one Exa last year, whoever has this amount of hashrate already has some nice contracts in place, slim chances they'll walk into a partnership where they have to put money down. Seems like their VIP level 9 is for over 2 Exa, they could instead name it after the one qualifying for it, there are listed companies who don't have that!