Is cloud mining still profitable?

[CrackedLogic]

Has any of you guys ever made profit through these sites? I made a little through buying and selling on sites like gh.io but never made anything from holding onto the mining contract if you will.

I actually invested in PBmining early and escaped with a whopping 0.01btc profit.

[ToQcHista]

your will use this mining website > https://bit-x.com/

[finlon]

your will use this mining website > https://bit-x.com/

Yeah seems thats the only reputed site running for now. Apart from that the only other site I would invest in is Hashnet.

[ToQcHista]

 Hashnet.

bitx better .

[Phildo]

No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based.

I don't think cloud mining uses up electricity, did you just mean maintenance?

where do the coins come from if nothing is plugged in?

[CrackedLogic]

No. Cloud mining is not profitable now. Unless the Bitcoin price shoot up, the electricity and maintenance gonna cost 90% of what you mine in the cloud. In addition, most of the cloud mining site are ponzi based.

I don't think cloud mining uses up electricity, did you just mean maintenance?

where do the coins come from if nothing is plugged in?

It's a ponzi which uses users' deposits to share it amongst others I'm order to return a profit. They would need a constant flow of people investing

[flyingplows]

 Hashnet.

bitx better .

they are both good, but if you are not sure, i would suggest bit-x also, because their website is more clear and overall everything is easier to quickly understand. while hashnest website seems to be translated from chinese language, at least for me it is sometimes a bit confusing to choose between the options and so on. so my advise would be to start at bit-x and then when you feel more comfortable and want to diversify you can expand to hashnest, havelock or some others... although dont know what others after amhash fiasco... well.. genesis-mining maybe, but the roi would be hard there believe me 

[Berau]

your will use this mining website > https://bit-x.com/

Bit-x is operated by marcotheminer though, who is subjected to constant controversy.

I wouldn't mind though putting some of my spare cash into it though.

[tspacepilot]

your will use this mining website > https://bit-x.com/

Bit-x is operated by marcotheminer though, who is subjected to constant controversy.

I wouldn't mind though putting some of my spare cash into it though.

Just some clarifications/corrections:

First, I think that bit-x is an exchange, not a cloud mining service.

Second, I'm pretty sure that marcotheminer is simply managing their signature campaign, not operating the company.

[dsly]

your will use this mining website > https://bit-x.com/

Bit-x is operated by marcotheminer though, who is subjected to constant controversy.

I wouldn't mind though putting some of my spare cash into it though.

BIT-x is not operated by marco. Its only the campaign that is managed by him. The exchange/mining site bit-x is run by another company.

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