Thinking about doing some Cloud Mining? Read this first

[cloverme]

There's no money to be made in cloudmining, you can barely squeeze by mining yourself. However, with cloudmining, you are just investing in someone else's infrastructure with a small dividend over time that decreases with each payout due to difficulty. 

There's a reason why cloudmining companies don't put a profitability calculator next to the "buy now" button.

[Ilan123]

It does depend where you mine, there are some good ones out there.

[Snorek]

It does depend where you mine, there are some good ones out there.

As you said there are still some good options out there. People who are saying that Cloud mining is not profitable are just not entirely convinced about it yet. And cloud mining contract is really cheap and affordable for anyone.

[rfcdejong]

Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.

I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!

How are the GAW's Hashlets? I see people recommend them a lot. They are talking about 40% ROI from Hashlets. Are they really that good?

I bought my Prime hashlets whilst they were $16.00 and also some at $20.00 and $25.00 so I have already done well as the price has gone up to $50. Soon when they sort out all of the bugs they are having currently they will open up the Prime buy back scheme. Josh intends to pay 80% of the current selling price. So anyone that bought them in the early days will ROI instantly! As for now Zen's are your best purchase IMO and you will ROI with them as the pool pays well.

I did make my ROI on hashlets if i sell them on the market, but i managed to get it more because the market was new and i made some good deals. Buying cheap and extremly cheap from sellers making mistakes. I bought 6 Zen Hashlets for $13,33 in total, while 1 Zen Hashlet sells instantly on the market for $19,95 including 5% fee. So i can sell them for $ 19 each

I bought some legendairy for below $ 80 dollar and they sold for $99.75 (+4.5 fee for the buyer, so i get earned 95 for them)

I invested a total of 0.5 BTC in GAW and have 0.3 BTC in my account already AND i have 1 legend, some Zen's, some Waffle's and 100 GH genesis

So i can almost withdraw my 100% ROI, but i'm addicted to zencloud now

[worhiper_-_]

Newbies should be thankful for articles like that.

[kuusj98]

Do the math and find out yourself, cloud mining often leads to a loss, either by the cost of purchase being redicilously high, or just them plain stopping the service.