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oyhmxh (OP)
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August 27, 2014, 02:23:34 PM
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Not very sure if cloud mining is profitable. Did anyone buy it now?
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August 27, 2014, 02:41:04 PM
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I wouldn't recommend buying into it...you will not make a profit.  If you have cheap power buy used miners, but if not just buy BTC and HODL.
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August 29, 2014, 07:37:34 AM
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cloud is definatelly profitable , for the pool
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August 30, 2014, 12:09:03 AM
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Don't even bother cloud mining, it's a suckers bet. You're not really mining at all, you're just investing in someone else's infrastructure for a small dividend every day or week.  You're luck if you ever get a return on your investment or obtain any profitability. You are better off purchasing Bitcoin now and waiting for the price to rise again and then sell. Don't waste your money on cloud services for mining.
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August 30, 2014, 06:08:39 AM
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Quote from: lowbander80 on August 29, 2014, 07:37:34 AM
cloud is definatelly profitable , for the pool

Agree, if it is not profitable for the pool then the pool wouldn't sell it.
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August 30, 2014, 10:03:16 AM
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Quote from: lowbander80 on August 29, 2014, 07:37:34 AM
cloud is definatelly profitable , for the pool

Classic.  Exactly, mining is just buying bitcoin in a different way.  Cloud mining is just adding a third party to the equation.  This is not to say that you can't make money, some do, but as cloverme points out, you are basically investing in their operation.

Good Luck!
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