Which mining do you prefer? Cloud mining or Hardware Mining?

[LightningBlade]

Prefer cloud mining, hardwareget too dusty and hard to clean.

[yakuza699]

I prefer hardware mining because you can never be sure if the owners of the cloud mining are scammers.

[PangPang]

Just check my signature - there you will find what you want 

Just sayin, but your signature smells like ponzi 

Not just smells like ponzi, it is a ponzi.
Some have reported their withdrawals have been pending for days like in https://bitcointalk.org/index.php?topic=823259.msg9298250#msg9298250 and https://bitcointalk.org/index.php?topic=817820.msg9290901#msg9290901.

[PangPang]

I prefer having my own ASIC miners, as it is more fun and I don't need to worry about the cloudmining site disappearing from time to time.

[AizenSou]

Which mining do you prefer? Cloud mining or Hardware Mining?
I am currently doing both but which do you prefer and why?

It depends on your electricity price and whether you want to mine sha256 or scrypt. I assume that GPU mining scene is almost as death now, except something else happens soon in the future. TBH, I still haven't shutdown my GPU farm and am mining at break even point.
Mining BTC, cloud or home, is pretty much hopeless to reach ROI if you ask my opinion. I prefer mining with ASIC scrypt now. If you have cheap electricity, you could try to get some from Zeus or Bitmaintech. Btw check this site, they have pretty much a nice overview.
http://www.satoshis.guru/new-mining-gear-calc/

Regards,

[keackh]

Hardware is better

[Snipe85]

Hardware is better

Yes, if you have the means to support it at home hardware is better.
Unfortunately some people live in apartments or have unstable internet connections.

[Snorek]

Hardware is better when you can put all your equipment in some dedicated place like storage room, garage or something. I don't have place for it my electricity is expensive. The only solution for me is to invest in cloud mining.

[Cboy]

i don't own any mining equipment but if i would mine i probably choose hardware mining .

[Snorek]

i don't own any mining equipment but if i would mine i probably choose hardware mining .

I used to be like you. But now I am not sure about perks of hardware mining it is quite obsolete in my opinion. The pros of cloud mining definitely outweigh the cons.

[gogxmagog]

both have pros and cons, neither will get you ROI.

If you must enter the mining game you can get mining hardware for fiat, mine with it, then sell the hardware thus reducing your $$$ outlay. with cloud mining you could feasably buy into a contract, get some dividends then sell the contract so that your costs arue covered but this might be harder to do than it is for me to type it. fewer and fewer knowledgeable people are willing to take a chance, and if they do, it would have to be at IPO because the profit margins are less than thin.

I managed to squeeze 2x my investment out of a year-late BFL 60ghs miner because a) I paid in fiat b) I recieved the miner and managed to mine almost 5 btc before it became too expensive to run, and c) after I had mined ~3.5 btc the price shot up to 1200/btc so I covered my fiat costs by virtue of a bubble.

so, while i like to brag about my flukey success with mining, it was just that, a fluke. I would not do any mining right now, and wont any time in the future. you are smarter to just put your money into btc and hodl.

[AizenSou]

both have pros and cons, neither will get you ROI.

If you must enter the mining game you can get mining hardware for fiat, mine with it, then sell the hardware thus reducing your $$$ outlay. with cloud mining you could feasably buy into a contract, get some dividends then sell the contract so that your costs arue covered but this might be harder to do than it is for me to type it. fewer and fewer knowledgeable people are willing to take a chance, and if they do, it would have to be at IPO because the profit margins are less than thin.

I managed to squeeze 2x my investment out of a year-late BFL 60ghs miner because a) I paid in fiat b) I recieved the miner and managed to mine almost 5 btc before it became too expensive to run, and c) after I had mined ~3.5 btc the price shot up to 1200/btc so I covered my fiat costs by virtue of a bubble.

so, while i like to brag about my flukey success with mining, it was just that, a fluke. I would not do any mining right now, and wont any time in the future. you are smarter to just put your money into btc and hodl.

Yep. Buy with BTC and hope to get ROI in BTC is an illusion. You can never get it however you calculate it.
But it might be different with scrypt cloud mining.

[Snorek]

With cloud mining the most important thing is to choose some really good company which does not suck you from all money while providing only loses. If you find reliable company you may want to invest a little to test the water. Then it is up to you to decide if you are fully in...

[Slark]

I prefer hardware mining because you can never be sure if the owners of the cloud mining are scammers.

You know that MORE scams in the past came from the people who were selling physical hardware miners, right? If someone is a scammer they will scam you no matter what. You have to choose wisely and do not trust shady companies, that is all. There are after all some really good crypto businesses out there.

[Ilan123]

With cloud mining the most important thing is to choose some really good company which does not suck you from all money while providing only loses. If you find reliable company you may want to invest a little to test the water. Then it is up to you to decide if you are fully in...

This is what I have done with LTCgear and I haven't looked back since, I thought the same about GAW but they have completely changed their mining model now and you have to mine Hashpoints and convert them to their new coin (soon to be released) via an ICO it's all quite interesting but also could also amount to nothing

[manselr]

Cloud mining. The noise from hardware miners drivers me literally insane. Hardware miners are only cool if you live in siberia or something.

[yussuf89]

Cloud mining. Electricity is not cheap in Turkey

[JeffDeChesare]

Well, i agree hardware is always better but what you gonna do when you can't afford to pay electricity
I have old miners laying around only prefers cloud these days atleast covers weekly gambling funds.

[pissedoff]

I do small time mining but I would never touch cloud mining with a 10 foot pole...your going to just lose money in the long run.

[TigerMart]

I do small time mining but I would never touch cloud mining with a 10 foot pole...your going to just lose money in the long run.

You can not do cloud mining with 10 foot pole. It is not riding the church and poking the cloud to mine bitcoin for you.

Mining requires electricity and regular maintenance. Hence Cloud Mining is always better than your pole dancing.