What can you say about Cloud Mining?

[galdur]

The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.


http://www.bitcoinbrothers.de/home

The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)

Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).

Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.

[1714681245]

1714681245

[1714681245]

1714681245

[1714681245]

1714681245

[caaarly]

I tried it - wasted a lot of money and nerves. Never did work out for me. That's all. Be careful.

[Snipe85]

The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.


http://www.bitcoinbrothers.de/home

The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)

Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).

Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.

I wouldn't trust the news. This operation may be a scam, like that other German company Mining Asic Technologies. Speaking of Germany aren't Genesis Mining from there? There's going to be a cloud mining war

[FattyMcButterpants]

The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.


http://www.bitcoinbrothers.de/home

The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)

Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).

Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.

This is not necessarily true. All it means is that the difficulty is rising as it has been since bitcoin mining has started. A cloud mining service is not going to be able to sell any cloud mining capacity if their prices do not allow users to ROI with some level of realistic level of difficulty increases

[galdur]

The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.


http://www.bitcoinbrothers.de/home

The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)

Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).

Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.

This is not necessarily true. All it means is that the difficulty is rising as it has been since bitcoin mining has started. A cloud mining service is not going to be able to sell any cloud mining capacity if their prices do not allow users to ROI with some level of realistic level of difficulty increases

It will all be corrected in the coming months. Perhaps 250 isn´t enough, it may take 200. The trick will be to not have lots of money stuck in coming bankruptcies.

[EvilPanda]

The cloud mining buyer´s market. Looks like prices will
continue plummeting into 2015.


http://www.bitcoinbrothers.de/home

The prices are declining because the difficulty is rising (and the result of the difficulty rising is that profitability is decreasing). You need to remember that the cost to produce miners is very little and that the manufactures of miners have a huge operating profit margins (most of their costs are from R&D)

Which means gigantic overcapacity in mining which in turn reflects in declining price of the produce (BTC).

Mr. Market is always right. The only question is which price level is the appropriate one for wiping out enough of this overcapacity to reach equilibrium. It could be 250-300 (where it´s obviously heading) for a few months or lower. Time will tell.

This is not necessarily true. All it means is that the difficulty is rising as it has been since bitcoin mining has started. A cloud mining service is not going to be able to sell any cloud mining capacity if their prices do not allow users to ROI with some level of realistic level of difficulty increases

It will all be corrected in the coming months. Perhaps 250 isn´t enough, it may take 200. The trick will be to not have lots of money stuck in coming bankruptcies.

$250 and below wouldn't just wipe out the miners, but a lot of regular users along with them. Don't forget that bitcoin has never gone below the previous ATH after reaching a new one, which may sound like an artificial boundary, but in fact is a stable sign of progress, and most of us are here because of this progress.

[Coin_Master]

Hello Everyone,

I have heard that CEX is a best platform for cloud mining. Have I heard it right?

I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.

Thank You

If you want a steady income of $300-$400 per month, you will need to go and get a job.  Mining Bitcoin is a business, not a Goose that lays Golden Eggs.  It is wishful thinking to expect a scenario where you make a steady income without working.  Perhaps you should look at creating services around Bitcoin instead.  Cloudmining becomes unprofitable over time, early adopters may recover their contract costs but this will not be the case for most, consider that "if it was profitable to mine Bitcoin long term, they wouldn't be offering you the opportunity"

[galdur]

Yeah, I read that a lot months ago so I bought with excellent results

which have gotten even better.