Cloud Mining - Please help a newbie

[vero]

do you think cloud mining still profitable

no, I don't think so. because the bitcoin price is pretty low these days and it is staying low for the time being and on top of that you have to pay for maintenance fee so in the end the profit is nothing.

Price is actually making a decent recovery considering it's only been day's.  That flash crash kinda was a pain, and XT still is being debated.

No one can promise profitable, if they do they are lying.   Each investment has risks, with mining it's if you make ROI.   And sadly with cloud it's also if site is a scam, to many ponzi's.  

It is possible to ROI.  Not easy to do in all cases but it is possible.

so we can call all cloud mining is scam!! why they offer invesment if not give some profit for investor

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[centauribit]

actually "cloud mining" in general is having a bad name. you just can't know which cloud company is legit and which are not.

[notlist3d]

do you think cloud mining still profitable

no, I don't think so. because the bitcoin price is pretty low these days and it is staying low for the time being and on top of that you have to pay for maintenance fee so in the end the profit is nothing.

Price is actually making a decent recovery considering it's only been day's.  That flash crash kinda was a pain, and XT still is being debated.

No one can promise profitable, if they do they are lying.   Each investment has risks, with mining it's if you make ROI.   And sadly with cloud it's also if site is a scam, to many ponzi's.  

It is possible to ROI.  Not easy to do in all cases but it is possible.

so we can call all cloud mining is scam!! why they offer invesment if not give some profit for investor

No..... it is not all a scam.   Make sure to research your investment there are a few that are not scam's.

You have some researching to do if you are thinking about cloud mining.  But if your just here to bash ... still suggest you research it.

[Landplop]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

[notlist3d]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

[oxiyusuf]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

[notlist3d]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

I was asking him as it appeared he was spamming to get posts.  And I could be right as he did not come back and say where he lost.  He did it in many threads not just this with one liners.

Right now it's hard in mining to ROI and in cloud mining aswell.  I think it is possible but far from guaranteed.  There are only 2 sites I have trusted with a little (I prefer to have hardware so I don't cloud mine with much).   But yes overall most are scams sadly. 

Do research and you will (most likely) find one or two that are real cloud mining operations.  But profitable no one can guarantee that.  If they do they are lying.

[oxiyusuf]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

I was asking him as it appeared he was spamming to get posts.  And I could be right as he did not come back and say where he lost.  He did it in many threads not just this with one liners.

Right now it's hard in mining to ROI and in cloud mining aswell.  I think it is possible but far from guaranteed.  There are only 2 sites I have trusted with a little (I prefer to have hardware so I don't cloud mine with much).   But yes overall most are scams sadly. 

Do research and you will (most likely) find one or two that are real cloud mining operations.  But profitable no one can guarantee that.  If they do they are lying.

Where mining so both sites that you trust it, whether the site could prove evidence of mining? how do you assess that those sites can be believed?

[notlist3d]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?  

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.  

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

I was asking him as it appeared he was spamming to get posts.  And I could be right as he did not come back and say where he lost.  He did it in many threads not just this with one liners.

Right now it's hard in mining to ROI and in cloud mining aswell.  I think it is possible but far from guaranteed.  There are only 2 sites I have trusted with a little (I prefer to have hardware so I don't cloud mine with much).   But yes overall most are scams sadly.  

Do research and you will (most likely) find one or two that are real cloud mining operations.  But profitable no one can guarantee that.  If they do they are lying.

Where mining so both sites that you trust it, whether the site could prove evidence of mining? how do you assess that those sites can be believed?

Everyone should have their own metric.  Myself is follow the hardware.   Does an asic company vouch for them having X amount of hash, or are they a company who makes hardware and reputable?

So I used this on my two.  I will admit it is not perfect it would have allowed asicminer to get in but one false positive, is far better then the rate of scam to cloud sites.  So I think it is not perfect but much better then see if they pay out first people, as most ponzi's do pay out and give ROI to first people.

*Edit and I do not mean offense by this but read your signature and see where it say's "Professional Crypto and GHash Exchange".  If you honestly do not believe that you should remove signature.   

[oxiyusuf]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?  

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.  

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

I was asking him as it appeared he was spamming to get posts.  And I could be right as he did not come back and say where he lost.  He did it in many threads not just this with one liners.

Right now it's hard in mining to ROI and in cloud mining aswell.  I think it is possible but far from guaranteed.  There are only 2 sites I have trusted with a little (I prefer to have hardware so I don't cloud mine with much).   But yes overall most are scams sadly.  

Do research and you will (most likely) find one or two that are real cloud mining operations.  But profitable no one can guarantee that.  If they do they are lying.

Where mining so both sites that you trust it, whether the site could prove evidence of mining? how do you assess that those sites can be believed?

Everyone should have their own metric.  Myself is follow the hardware.   Does an asic company vouch for them having X amount of hash, or are they a company who makes hardware and reputable?

So I used this on my two.  I will admit it is not perfect it would have allowed asicminer to get in but one false positive, is far better then the rate of scam to cloud sites.  So I think it is not perfect but much better then see if they pay out first people, as most ponzi's do pay out and give ROI to first people.

*Edit and I do not mean offense by this but read your signature and see where it say's "Professional Crypto and GHash Exchange".  If you honestly do not believe that you should remove signature.  

You have not answered my question, which of the two cloud-mining sites that you trust, and I am just skeptical about cloud mining ROI because of its long time and prone to fraud.
and one more thing although I never tried cloud mining looks like I will not try it again, unless I can believe the site is 100%

[notlist3d]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?  

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.  

very many examples of "cloud mining" which had a scam, for example just zenminer, hasprofit, and many more, and you still believe cloudmining it profitable?

I was asking him as it appeared he was spamming to get posts.  And I could be right as he did not come back and say where he lost.  He did it in many threads not just this with one liners.

Right now it's hard in mining to ROI and in cloud mining aswell.  I think it is possible but far from guaranteed.  There are only 2 sites I have trusted with a little (I prefer to have hardware so I don't cloud mine with much).   But yes overall most are scams sadly.  

Do research and you will (most likely) find one or two that are real cloud mining operations.  But profitable no one can guarantee that.  If they do they are lying.

Where mining so both sites that you trust it, whether the site could prove evidence of mining? how do you assess that those sites can be believed?

Everyone should have their own metric.  Myself is follow the hardware.   Does an asic company vouch for them having X amount of hash, or are they a company who makes hardware and reputable?

So I used this on my two.  I will admit it is not perfect it would have allowed asicminer to get in but one false positive, is far better then the rate of scam to cloud sites.  So I think it is not perfect but much better then see if they pay out first people, as most ponzi's do pay out and give ROI to first people.

*Edit and I do not mean offense by this but read your signature and see where it say's "Professional Crypto and GHash Exchange".  If you honestly do not believe that you should remove signature.  

You have not answered my question, which of the two cloud-mining sites that you trust, and I am just skeptical about cloud mining ROI because of its long time and prone to fraud.
and one more thing although I never tried cloud mining looks like I will not try it again, unless I can believe the site is 100%

I hesitate as I like others to make their own decisions.   I don't want my decisions on this to effect others.  I really want them to research it, I gave my metric.

You also passed over my point.  If you believe in no cloud mining site... why are you wearing a signature for a company that sells Ghash that is hosted somewhere (IE cloud mining)?   Are you saying you don't support Bit-X or believe in them? Your signature say's "Professional Crypto and GHash Exchange"  

[oxiyusuf]

snip-


You have not answered my question, which of the two cloud-mining sites that you trust, and I am just skeptical about cloud mining ROI because of its long time and prone to fraud.
and one more thing although I never tried cloud mining looks like I will not try it again, unless I can believe the site is 100%

I hesitate as I like others to make their own decisions.   I don't want my decisions on this to effect others.  I really want them to research it, I gave my metric.

You also passed over my point.  If you believe in no cloud mining site... why are you wearing a signature for a company that sells Ghash that is hosted somewhere (IE cloud mining)?   Are you saying you don't support Bit-X or believe in them? Your signature say's "Professional Crypto and GHash Exchange"  

I had to answer "I am just skeptical about cloud mining ROI because of its long time",
I was using the signature because I prefer to design his signature, if for point "Professional Crypto and GHash Exchange " I have to remove my signature, it may be I did before I followed these signatures.
and I think the site I was able to advertise in trust

[roadbits]

I've been scammed by cloud mining at least 2 times in the past. Cloud mining is just a legal way of subsidizing miners with negative interest loans. Don't do it.

[malphite]

I've been scammed by cloud mining at least 2 times in the past. Cloud mining is just a legal way of subsidizing miners with negative interest loans. Don't do it.

how come most people recommend it then?

I been hearing lots of ponzis and horror stories, but i found a few that seem to be okay like hashnest. what was your site that you used?

[MasterYii]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

its safe to say based on the persons negative experience, he didnt choose the mainstream ones.

eg: hashnest, genesis mining, etc.

usually comes based off not doing enough research.

[notlist3d]

cloud mining is always scam! i am scammed by many cloud minings! stay away from cloud minings!

Care to share more?  What sites were you scammed by and how much did you lose?   

You need to research all investments this includes cloud mining.  But there are a very few that are legit.  Sadly yes a vast majority are ponzi's.   

its safe to say based on the persons negative experience, he didnt choose the mainstream ones.

eg: hashnest, genesis mining, etc.

usually comes based off not doing enough research.

Only bad thing is the ponzi ones can appear real based off experience.  The first people in ponzi ones normally make ROI.  They don't stop till best for the scammer.

So also look for long term running.  Combine long term positive experience with finding ones that have guaranteed machines, and you are on a good track of finding good cloud mining.

[GermanGiant]

I been hearing lots of ponzis and horror stories

That is because people never report good stories, e.g. I first heard about CEX.io when their profit became -ve and people started to cry foul across the board.

[notlist3d]

I been hearing lots of ponzis and horror stories

That is because people never report good stories, e.g. I first heard about CEX.io when their profit became -ve and people started to cry foul across the board.

They do report good stories.  It is sad but most of cloud mining is ponzi's it is just a fact. Most don't even have the gear to mine.

There are a few good ones.  People just need to do research, and I highly suggest verifying they have gear and brand.  Make sure they are not lying about the gear.

[GermanGiant]

I been hearing lots of ponzis and horror stories

That is because people never report good stories, e.g. I first heard about CEX.io when their profit became -ve and people started to cry foul across the board.

They do report good stories.  It is sad but most of cloud mining is ponzi's it is just a fact. Most don't even have the gear to mine.

There are a few good ones.  People just need to do research, and I highly suggest verifying they have gear and brand.  Make sure they are not lying about the gear.

You will be awarded ig nobel for having highest no. of posts in this thread.

[notlist3d]

I been hearing lots of ponzis and horror stories

That is because people never report good stories, e.g. I first heard about CEX.io when their profit became -ve and people started to cry foul across the board.

They do report good stories.  It is sad but most of cloud mining is ponzi's it is just a fact. Most don't even have the gear to mine.

There are a few good ones.  People just need to do research, and I highly suggest verifying they have gear and brand.  Make sure they are not lying about the gear.

You will be awarded ig nobel for having highest no. of posts in this thread.

I enjoy mining .  If a thread is about mining a decent chance I will be in it.  I really do not go by number of posts, but if there is a valid point to be made.  This thread sadly has had so many ponzi/scams I stop by  to make sure people do research.  Many have lost money here.

If you think this is a lot from me you should check my reviews of gear, I take those even more serious.  But this is getting a little off topic.

Moral of story don't just trust all sites.  Do lots of research before investing in any investment.