Are u mining directly?

[gondel]

Hello,
Want to know if it is profitavble to purchase some Gh from a site and mine with this site or it is better to buy hardware and mine at home? I am talking for BTC and other crypto.
Thanks a lot!

[joshraban76]

Try and test, you will never know the answer, unless you try and test and calculate the profit.

I always have the best answers when I try, go on and give it a try.

[gondel]

Try and test, you will never know the answer, unless you try and test and calculate the profit.

I always have the best answers when I try, go on and give it a try.

I would give it a try, but the information provided on the net is so  different and many positive and negative feedbacks from different sites.
BR

[Keyara]

Try and test, you will never know the answer, unless you try and test and calculate the profit.

I always have the best answers when I try, go on and give it a try.

I would give it a try, but the information provided on the net is so  different and many positive and negative feedbacks from different sites.
BR

Information is useful for reference only.

Best method is to test with small amount and do estimate using your own data.

[monbux]

Hello,
Want to know if it is profitavble to purchase some Gh from a site and mine with this site or it is better to buy hardware and mine at home? I am talking for BTC and other crypto.
Thanks a lot!

I am using cex.io mining, I've recently sold some shares because of the great price increase, but I was making a steady $10 a day from that cloud mining, was fun.  But I wouldn't suggest investing too much in that, a couple hundred GHS max.

[byt411]

You should try cex.io and PBMining. They are both really good cloud mining services.

[rarkenin]

How reliable has PBMining been for you? The PBMining bitcointalk user doesn't have any trust entries. Personally, I've used cex.io (but have been a bit wary recently of their power edging closer to 50%). Small bumps in the road awaiting them to credit the deposit I send, but everything worked smoothly after that bit of trouble.

I am also looking into GAWMiners (see signature) to buy scrypt miners as I haven't seen too many well-vouched scrypt rent-a-miner services that owned miners instead of acting as directories of miners.

[gondel]

Hello,
Want to know if it is profitavble to purchase some Gh from a site and mine with this site or it is better to buy hardware and mine at home? I am talking for BTC and other crypto.
Thanks a lot!

I am using cex.io mining, I've recently sold some shares because of the great price increase, but I was making a steady $10 a day from that cloud mining, was fun.  But I wouldn't suggest investing too much in that, a couple hundred GHS max.

How much you invested when you was making around 10$ per day? Was it 10 $ per 24 hours or 12 hours?
What exactly you did?
BR
Gondel

[rarkenin]

Well, I'd assume $10/24 hours. On cex.io, one deposits bitcoins and uses them to purchase GHSs, which represent a GH/s of bitcoin mining power each. Once you purchase it, it mines for you and gives you the profits, which you can use to buy more GHSs. When you feel like you've had enough mining for any reason(the price per GHs rose and you want to take advantage, or you want to spend some coins, or you are fearful of imminent bitcoin-fiat price drops, etc) then you resell your GHs on the market at the current market price less any fees. You can then transfer your balance to a standard wallet for spending or sending on to an exchange to sell for fiat.

[joshraban76]

Try and test, you will never know the answer, unless you try and test and calculate the profit.

I always have the best answers when I try, go on and give it a try.

I would give it a try, but the information provided on the net is so  different and many positive and negative feedbacks from different sites.
BR

For that reason, I told you to test it yourself.

I was experiencing lately something in my real life, I thought I will get it to run flawlessly, but I was an idiot.

I tried again and I'm nearly mastering it, you must test and be willing to experience it.

[byt411]

How reliable has PBMining been for you? The PBMining bitcointalk user doesn't have any trust entries. Personally, I've used cex.io (but have been a bit wary recently of their power edging closer to 50%). Small bumps in the road awaiting them to credit the deposit I send, but everything worked smoothly after that bit of trouble.

I am also looking into GAWMiners (see signature) to buy scrypt miners as I haven't seen too many well-vouched scrypt rent-a-miner services that owned miners instead of acting as directories of miners.

He doesn't have any trust entries, but I've already broken even, and I got paid every time on time.
GAWMiners is good, I bought some physical hardware from them.

[rarkenin]

Thanks, I'll have to look into that. The cloudmining services are fairly convenient compared to miners at home and ghash.io has been inching closer and closer to the magic mark...

[makebitcoin]

I used to mine altcoins via my graphic cards but I realised it isn't profitable. I invested in PBmining but I'm still not sure about their operation. They have not shown any proof regarding owning the ASIC's.

[elliwilli]

Its generally not profitable now.
Sites like cex will lure you with what looks like good value but in reality, 1 GH/s realy does not get you that much now days.
If you have a decent GPU its worth mining alt coins but it is most certainly not worth mining BTC directly due to the huge difficulty and the fact that ASIC's are massively powerful compared to a GPU

[Kprawn]

Always wondered if it was Satoshi's goal, for individuals to be pushed out of mining. These days, home miners, can basically only mine Alt coins, to get a small income.

The Big guys are getting bigger by the day. It's a pitty. 

I guess cloud mining, and the data centers, will be the only people, who would be mining in the future.

[BTC_Fundamentals]

I think the future is for gpu miners to mine coins that is asic proof, like x11/x13, they are profitable, and as those coins will gain value by time, that will be more profitable within time.

[nwfella]

Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems.  

*Did I earn any real profit?  Nope, matter of fact I ended up losing money but it was a valuable learning experience

[ShakyhandsBTCer]

Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems.  

*Did I earn any real profit?  Nope, matter of fact I ended up losing money but it was a valuable learning experience

Cloud mining will almost never earn you a profit.

Cex has put a stop to this, but you used to be able to buy GH/s then place an order to sell right away, and you would earn whatever it mined until it sold (they now charge a trading fee)

[byt411]

Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems.  

*Did I earn any real profit?  Nope, matter of fact I ended up losing money but it was a valuable learning experience

Cloud mining will almost never earn you a profit.

Cex has put a stop to this, but you used to be able to buy GH/s then place an order to sell right away, and you would earn whatever it mined until it sold (they now charge a trading fee)

Haha, looks like that I'm the exception, since I bought some FHM, and if I sell them now, I actually do profit.

[ShakyhandsBTCer]

Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems.  

*Did I earn any real profit?  Nope, matter of fact I ended up losing money but it was a valuable learning experience

Cloud mining will almost never earn you a profit.

Cex has put a stop to this, but you used to be able to buy GH/s then place an order to sell right away, and you would earn whatever it mined until it sold (they now charge a trading fee)

Haha, looks like that I'm the exception, since I bought some FHM, and if I sell them now, I actually do profit.

You can still trade GH/s for a profit, it is just that the market needs to move in your favor a little bit before doing so