Cloud Mining Reason to Hash Increase ?

[Bitcoin++]

Can even a chip manufacturer mine profitably these days?
Even if the hardware is cheap to produce, there are huge logistical costs with operating large data centers, not to mention locating to another country with cheap electricity.

Is cloud mining the reason new hardware / data centers are set up?
If you can sell your capacity as expensively as CEX' contracts, you'll make a whopping 3.8 BTC per TH upfront.
You'll even make more as you go along from overpriced maintenance and electricity (meaning some of what you is paid back to customers, and some you keep yourself).

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[notlist3d]

I think reason is profit.  Big data centers can come in and set up shop.   Cloud mining is just part of it.

But there has been big players for a while so it's not really anything new.

[bozo333]

I think reason is profit.  Big data centers can come in and set up shop.   Cloud mining is just part of it.

But there has been big players for a while so it's not really anything new.

Big data centers come with big operating costs. We could afford to go really big (millions) but figured out that at the current exchange rate it makes no sense. Plain and simple.

Selling mining contracts is almost always a rip off or even an outright scam. Would YOU voluntarily give up a portion of your profits?

[brokjen420]

So there is 2 outcomes of mining, Profitable & not profitable.


An outside investor can invest into Mining equipment through a Cloud mining company and have less Risk than outright buying mining equipment for a personal farm.

Cloud Mining company's usually do charge a small fee to pay off the expenses and generate a little profit for the inventors. On the other hand the investor can take a profit or a loss on his investment into the Crypto Community, while sharing risk/reward with the Cloud COmpany.

They are a great Noisless alternative...

[bozo333]

An outside investor can invest into Mining equipment through a Cloud mining company and have less Risk than outright buying mining equipment for a personal farm.

Any 'investor' who does the minimum amount of due diligence would never cloud mine.

[DrG]

So there is 2 outcomes of mining, Profitable & not profitable.


An outside investor can invest into Mining equipment through a Cloud mining company and have less Risk than outright buying mining equipment for a personal farm.

Cloud Mining company's usually do charge a small fee to pay off the expenses and generate a little profit for the inventors. On the other hand the investor can take a profit or a loss on his investment into the Crypto Community, while sharing risk/reward with the Cloud COmpany.

They are a great Noisless alternative...

While theoretically true the current math states otherwise.  Cloud mining is banking on the fact that most people throwing funds at them don't want to deal with wires and heat and noise.  The convenience you pay for this is that you end up losing even more money.

Buying ASIC hardware currently it is almost impossible to ROI.  With cloud mining it is almost assured unless the cloud mining company wants to do everyone a favor and donate money to their customers out of the goodness of their heart.

[brokjen420]

Math is theoretical

No math Anybody can do can prove buying a miner more profitable than cloud hashing. Some Idiotic statment actualy assuming somebody can calculate all the variables it would take Future foresight to calculate an accurate profitablilty statment.



Buying ASIC hardware currently it is almost impossible to ROI -- Please as a Hero Member State when your Making Fud and Trolling beacuse newbies Take you serious.  All Asic Investors See a ROI if the comany they invested in Deliveres a product when they say they will. There are though degrees of ROI, everybody even Hero member here assumes ROI is Full return when its not.

Getting A ROI is the first satoshi you generate mining. there u Go First return on your investment.


Lots of asic Investors have had FUll ROI

Lots of asic investors have not had FULL ROI

Dont let these Burnt out Members discourage anyone from doing proper research and investing in legitimate companys.


As an Asic Investor I have No Complaints except the Noise my Return is coming along smoothly although until I sell all my coins the total I have mined will be unknown until I cash Out. which hopefully will be never I wish to get paid in LTC/BTC someday.

As a Cloud Hash Investor I have no Complaints except the LTC prices those could be better.


All in all after Setting up Mining Rigs i'd probably go back in time and convince myself to not buy asics and instead purchase Cloud power. Not that I dont like my asics, Subtract the shipping subtract the setup and personal time maintaining these babys and I feel like paying a small maintenance fee/Hosting fee so somebody else can deal with making sure they are always online or setup correctly.

There have been to many Dud asic/ Scam Cloud mining companys that many old time members see new companys as a waste of time or not worth an investment. but many new companys are innovative and have better Legitimate offers.  You have to stay open Minded, otherwise your just a bad influence on the new commers and you best just leave.

I like having asics beacuse I feel like Im doing math all day really fast. Makes me feel good when I come home