Investing in cloud? Worth it? Which site to pick?

[sickhouse]

Hey, I've been thinking of taking a few of my BTC and investing them for mining power. But my question is it worth it? When I did it last time it was BTC was worth $200, if I would have taken it out now after 4 months would the price have been raised by $400? How many GH/s is needed in order to make a decent profit?

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[Sniar]

You can only take out your gh if you are using the cloud mining service which have trading gh / btc

[jjc326]

I think, and someone can correct me if I'm wrong, that your profit percentage will be the same no matter if you buy 1 gh/s or a million. The reason being that you'll have fees or electricity costs which is vary depending on how many gh/s you have. I think some sites give you a discount if you buy more GH so that would make it more profitable. I think it's a real crapshoot at this point. Check out my sig they have a good ROI.

[indiguy]

what can you guys say about CEX, Is it worth investing ghs to them?

[ranochigo]

what can you guys say about CEX, Is it worth investing ghs to them?

Obviously not, the price is too damn high, around two to three times the price of an average cloud mining service. Their fees take a huge percentage of your mining profits. The GH /BTC price would drop and you might not be recovering your investment since the difficulty increases quite fast.

[KimNam]

what can you guys say about CEX, Is it worth investing ghs to them?

maybe you can read about that here :
https://bitcointalk.org/index.php?topic=318349.0
it's old thread and still active until now
read some pages and you can get the answer

[indiguy]

I planned to buy from cex lately for they give away lifetime voucher. any other site like them?

how much is the minimum investment for cloud mining by the way?

[KimNam]

I planned to buy from cex lately for they give away lifetime voucher. any other site like them?

how much is the minimum investment for cloud mining by the way?

where they give away lifetime voucher?
no more site like them, another site just purchasing contract type of cloud mining
buy some GHS contract for period of time (GHS can't sell again)

[BitcoinTraders]

Im looking to invest in a cloud as well but I'm a bit on the fence, Ive seen a lot of mixed responses, but il go with the first response I get!

[KimNam]

Im looking to invest in a cloud as well but I'm a bit on the fence, Ive seen a lot of mixed responses, but il go with the first response I get!

my advise : don't invest it in cloud mining
either you won't make ROI, or your contract will gone because the owner of cloud mining contract run
just keep on eye to bitcoin difficulty in next few weeks, it seems skyrocketing again

[Connor936]

Im looking to invest in a cloud as well but I'm a bit on the fence, Ive seen a lot of mixed responses, but il go with the first response I get!

my advise : don't invest it in cloud mining
either you won't make ROI, or your contract will gone because the owner of cloud mining contract run
just keep on eye to bitcoin difficulty in next few weeks, it seems skyrocketing again

This +1

You will almost not ROI with cloud mining and cloud mining makes mining more centralized :/

[Youghoor]

cloud mining investment is now just a shit thing as they down their servers and you wont be able to ROI , they only have excuses which no body wants to hear as every one want ton make some profit but if is not possible these days.

[jjc326]

cloud mining investment is now just a shit thing as they down their servers and you wont be able to ROI , they only have excuses which no body wants to hear as every one want ton make some profit but if is not possible these days.

I think you just need to be careful about which cloud mining site you use. There are certain ones that have been around, have better prices and have good customer support. For instance lunamine in my sig is pretty new but they are so responsive and have been very honest in the sig campaign dealings.

[KimNam]

This +1

You will almost not ROI with cloud mining and cloud mining makes mining more centralized :/

yeah right, it's better to buy bitcoin and hold it

cloud mining investment is now just a shit thing as they down their servers and you wont be able to ROI , they only have excuses which no body wants to hear as every one want ton make some profit but if is not possible these days.

I think you just need to be careful about which cloud mining site you use. There are certain ones that have been around, have better prices and have good customer support. For instance lunamine in my sig is pretty new but they are so responsive and have been very honest in the sig campaign dealings.

this is 2nd time i meet user who promote lunamine, make me interesting
are they show you their mining hardware picture? and live statistics from pool that show you their mining actually works?

[dropt]

"Investing" in cloud mining is not worth it, despite what all of these people and their reference links tell you.

[DrG]

Cloud mining only generates profits for the company and not for the customers. The company then takes those profits and builds their own mining farm to earn more coins and when those hashes start to stray from pure profit they offer them as additional power on their cloud contracts.  The only person who wins in all of this is the company selling he hashes.

[Mayuyu48]

PBmining for me seems like a great site and no matter how much hashing power you get you will make a profit. For example if you buy less hashing power it will cost you less but in return you will receive less ever week where as if you buy more hashing power you will get a bigger payout every week. Therefore no matter how much hashing power you buy you will break even in about 120 days on PBmining using a profit calculator. (result may vary) I use PBmining and have been paid on time ever week so to me i find this site reliable. If you would like to sign up please do it under me.

there are so many people doubt pbmining operation is real
they paid every week, doesn't mean they are legit
check here - https://bitcointalk.org/index.php?topic=484355.0

[jjc326]

PBmining for me seems like a great site and no matter how much hashing power you get you will make a profit. For example if you buy less hashing power it will cost you less but in return you will receive less ever week where as if you buy more hashing power you will get a bigger payout every week. Therefore no matter how much hashing power you buy you will break even in about 120 days on PBmining using a profit calculator. (result may vary) I use PBmining and have been paid on time ever week so to me i find this site reliable. If you would like to sign up please do it under me.

there are so many people doubt pbmining operation is real
they paid every week, doesn't mean they are legit
check here - https://bitcointalk.org/index.php?topic=484355.0

I have heard some funny things about pbmining too.  The thing about PB and if you just do the math you can see they can't possibly be doing what they're doing unless something funny is going on.  On the other hand, if you see my sig, they're an entity that is upfront and honest that your contract CAN'T last forever as it won't be profitable for you, and they give you the fees etc. so you can figure out if it's worth it right away.

[DrG]

I'm going to repeat what I said in the other thread because these threads are basically asking the same question - how do I choose the best loser:

If you buy Bitcoin right now with $40k USD you get 64.9BTC instantly which you can sell at any time (what you if need the $ for a cancer diagnosis).

If you spend $40K on cloud mining you will mine less than 64.9BTC in the next year.  Even if you had a 5 year contract you would probably not mine more than 45BTC if even that.

The mining company will have made somewhere between 10 and 25BTC off of you with a 5 year contract if they keep their promise (which they will either keep as profit or use to make their own farm to compete with the hashes they sold you making your hashes worth even less).  If they go bankrupt like bASIC, Hashfast, or many of the other Bitcoin scams then you'll lose something closer to the original 64.9BTC.

Feel like buying cloud mining now?

[Swordsoffreedom]

No. The contracts are set so that the premium return is already included in the cost you are better off holding your Bitcoins.
Just keep purchasing bitcoin instead it will be worth more than what you get from the cloudmining