What can you say about Cloud Mining?

[Snipe85]

IS there any ROi with cloud possible ?

Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware.

Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again

Can you show some math behind this?  I cant think of any cloud services that ROI in 3 months is normal.

Right now, many people claim that LTCGear ROI in 2 months. But I won't want to risk my money..

I haven't invested so I can't show you the math, but I've seen posts or even whole threads of people who claimed to have reached ROI in the last 3 months.
If I'm not mistaken most of these people used sites where it was possible to trade contracts.

[1713570741]

1713570741

[1713570741]

1713570741

[1713570741]

1713570741

[1713570741]

1713570741

[1713570741]

1713570741

[junglecat]

IS there any ROi with cloud possible ?

Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware.

Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again

Can you show some math behind this?  I cant think of any cloud services that ROI in 3 months is normal.

Right now, many people claim that LTCGear ROI in 2 months. But I won't want to risk my money..

My ROI on cloud mining is 9 months. My ROI from self mining is 3 months.

If you take just the raw numbers the people claiming 2 or 3 months to ROI via the cloud are either baiting you or got lucky in some very unusual way.

[Thour]

CEX is not a good option if you want to mine, there are better contracts, but if you like trading it may be worth it.

Yup, its only good for trading. For mining, you may try LTCgear.

[notlist3d]

IS there any ROi with cloud possible ?

Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware.

Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again

Can you show some math behind this?  I cant think of any cloud services that ROI in 3 months is normal.

Right now, many people claim that LTCGear ROI in 2 months. But I won't want to risk my money..

I just wish someone would provide math with it.  I dont see many cloud mining getting roi.   

[EvilPanda]

IS there any ROi with cloud possible ?

Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware.

Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again

Can you show some math behind this?  I cant think of any cloud services that ROI in 3 months is normal.

Right now, many people claim that LTCGear ROI in 2 months. But I won't want to risk my money..

I just wish someone would provide math with it.  I dont see many cloud mining getting roi.   

Some companies like GAW sell upgradable contracts, so you can't really calculate ROI when you buy them. They also have a marketplace, where you can sell the shares after taking early profits.
Here's a couple of posts by people who profited from cloud mining

https://bitcointalk.org/index.php?topic=790207.msg9223967#msg9223967
https://bitcointalk.org/index.php?topic=752824.msg8853358#msg8853358
https://bitcointalk.org/index.php?topic=752824.msg9251529#msg9251529

[skuser]

OK nobody did, I will list few cloud mining services ordered by ROI. This list expects 2% difficulty growth and stable=current BTC/USD ratio. If BTC/USD ratio drops to $300, all services charging monthly maintenance fee will result in negative income.

LTCGear.com - ROI 6-7 weeks. Price of contract app. $5/MHs, maintenance fee 0 USD first year. This service is not mining BTC, but alternative cryptos. Recent growth is highly suspicious, no pictures of farm have been provided, no evidence of hashrate growth in LTC...
PBMining.com - ROI 4 months. Contract price BTC1.6/THs, 5 year contract, zero maintenance fee. Also this service hasn't provided any evidence it is really operating hashing farm as far as I know

Next are cloud mining services charging monthly maintenance fee, its' high is extremely important for ROI.
Cex.IO, Petamine.co and Hashnest.com all currently charge maintenance fee about $100/Ths/month, however at
- CEX.IO 1THs costs BTC2.6, ROI will never happen,
- Petamine.co 1THs currently costs BTC0.6, ROI 5months,
- Hashnest.com 1THs currently costs BTC1.125, ROI at least 1 year

Gawminers genesis hashlet costs about BTC2 per THs and they charge $60/Ths/month which leads to ROI in 1 year.

However 1 year in BTC world is like 20 years in human life, it is almost impossible to predict anything. I wouldn't use mining for any financial planning, it's too volatile business.

All these calculations can be quickly verified for example here
https://bitcoinwisdom.com/bitcoin/calculator

[baltimoreppc]

So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks.  I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 

[ErikvanBreen]

So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks.  I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 

+1 I can confirm that the payouts are great 

[Dexter770221]

New cloud mining offer:
https://bitcointalk.org/index.php?topic=833704.0

Twice cheaper than cex, twice lower maintenance fee. And reputable owner ASICMiner/RockMiner.

[ScryptAsic]

So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks.  I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 

+1 I can confirm that the payouts are great 

I have looked at LTC gear's website and it looks very sketch to me. I am curious to know if the inputs from their payouts can actually be traced to any coinbase transactions of recently found blocks of anything they claim to mine

[Klubknuckle]

So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks.  I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 

+1 I can confirm that the payouts are great 

I have looked at LTC gear's website and it looks very sketch to me. I am curious to know if the inputs from their payouts can actually be traced to any coinbase transactions of recently found blocks of anything they claim to mine

agree, there is always a risk but lucky for those already ROI.

[Ilan123]

So far I got 150% ROI with LTCGear - I got even ROI at 5th week and enjoying positive ROI Every Friday last 2 weeks.  I don't know how he doing it but always getting paid in BTC, LTC, and FTC. 

+1 I can confirm that the payouts are great 

I have looked at LTC gear's website and it looks very sketch to me. I am curious to know if the inputs from their payouts can actually be traced to any coinbase transactions of recently found blocks of anything they claim to mine

agree, there is always a risk but lucky for those already ROI.

+1 I also vouch for LTCgear I have received my ROI and although the FTC  mining/payout option is not available right now because of the Algo changing it has not affected my earnings, I have selected to be paid in BTC each week and always look forward to Friday :-)

[BTCSeller.net]

I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.

[goozman96]

I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.

I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too.

[Nextgen]

if you have knowledge of hardware and can manage then you should prefer hardware mining rather then cloud mining
its very hard to get ROI with cloud mining
owned hardware mining is better

[FattyMcButterpants]

I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.

I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too.

Saddly your BTC is now worth much less than in July

When you are measuring the profitability of a miner (or a cloud miner) you should always measure it in terms of bitcoin, not in terms of fiat. If the price of bitcoin changes from when you purchased the miner then that is not something that was caused by the miner. If you have ROI in terms of bitcoin but the price of bitcoin went down then you would have been worse off had you not purchased the miner as you would have less bitcoin

[goozman96]

I don't think that this is profitable, My friend has invested around $5k into extensive mining because he gets free electricity and he says that BTc difficulty is very high and CEX is overpriced, so no profit sadly.

I invested 2.86btc in a miner in July and have already made 2.6 back. Only a few more weeks til I turn a profit. I have free electricity too.

Saddly your BTC is now worth much less than in July

When you are measuring the profitability of a miner (or a cloud miner) you should always measure it in terms of bitcoin, not in terms of fiat. If the price of bitcoin changes from when you purchased the miner then that is not something that was caused by the miner. If you have ROI in terms of bitcoin but the price of bitcoin went down then you would have been worse off had you not purchased the miner as you would have less bitcoin

What he said. I'm ROIing in Bitcoin, not USD. Price of Bitcoin will change, the important part is that I have more of it than when I started. Price will fix itself in due time.

[wunkbone]

if you have knowledge of hardware and can manage then you should prefer hardware mining rather then cloud mining
its very hard to get ROI with cloud mining
owned hardware mining is better

There are some people who are in a situation that it does not make sense for people to own miners and have them in their house. Not everyone has a stable internet connection, or a stable source of electricity or a cost efficient way to keep their home cool in a cost efficient way after the miner increases the temperature in your home.

[galdur]

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


http://www.bitcoinbrothers.de/home

[wunkbone]

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)