Is Cloud Mining Profitable?

[funtotry]

I dont think so because there is a risk of scam. There are so many examples here about cloud mining sites closing down with everyone bitcoins, its just worth it.

Also problem is, since most cloud mining sites are ponzis, but they actually have quite low payouts so the risk reward isn't very good. I would not do it if I were you

Do you have any proof of cloud mining sites being ponzis?

I think cex.io has been paying out well and hasn't crashed so I don't think thats a ponzi, since they also do the best mining pool ghash.io
Most other ones you can be on being a ponzi however

Its no Ponzi but they keep a rough 80% of your minings as a fee

and a very good one is genesis mining

80% that is a lot. What is the fee on genesis mining as you recommended it?

80% commission from profits is absolutely huge. Just checked the genesismining website and website looks snazzy as well. 0.45 per ghs is pretty good I think, I don't do much mining so I don't really know

[needFREElunch]

could you link me to the genesis website?

[bachel]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

[funtotry]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

[bachel]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

its quite good grammer for a non native thats the same for physical hardware aswell and I made Roi on Genesis I even made Roi with Homero but thats a different story

[needFREElunch]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

Yea I mentioned that earlier about the hardware cost. And is it like having your own miner? Can you set it to mine a pool or is it there pool or just solo mining.

[needFREElunch]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

its quite good grammer for a non native thats the same for physical hardware aswell and I made Roi on Genesis I even made Roi with Homero but thats a different story

How long did it take you to make roi on genesis and with the current difficulty would it be possible now?

[funtotry]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

Yea I mentioned that earlier about the hardware cost. And is it like having your own miner? Can you set it to mine a pool or is it there pool or just solo mining.

I believe some cloud mining business allow you to specifically pick your own pools, but they usually choose their own to maximize profits. Cloud mining usually uses private pools or well paying and well maintained ones.

[needFREElunch]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

Yea I mentioned that earlier about the hardware cost. And is it like having your own miner? Can you set it to mine a pool or is it there pool or just solo mining.

I believe some cloud mining business allow you to specifically pick your own pools, but they usually choose their own to maximize profits. Cloud mining usually uses private pools or well paying and well maintained ones.

Ok that makes sense.

[bachel]

its expensiver than actual hardware but you dont have to wait for it and you dont have to maintain it only if you pay buy credit card you have to wait 30 days until you get the payout for your purchased power but it always shows you how muched it mined every day

https://www.genesis-mining.com/

Lol nice grammer, but actually its cheaper to run than hardware, they have experience and better efficiency and power costs so they can make more profits per GHs. ROI is more than 100 days I believe, but since the rise and fall of bitcoin, and the rise in difficulty you might never hit ROI

Yea I mentioned that earlier about the hardware cost. And is it like having your own miner? Can you set it to mine a pool or is it there pool or just solo mining.

You cant choose the Pool they chose it but you can choose wich coins even what % of every coin but the pools they have choose where always very good

[needFREElunch]

With 200GHS how much btc do you net every day?

[bachel]

With 200GHS how much btc do you net every day?

not much but hey it was for testing I will invest more at the end of the month and when you ask why doesnt it show up payment for 08.03 it will come in a few hours

if you every want to purchase use this code MGlCkE pls you will get a discount of 2.5% and I will get some more mining power

[needFREElunch]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

[bachel]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

you can only sell them to other people not over genesis

but look at mining like this I do only use money you are able to loose no one knows exactly what is going to happen with the btc price their is a point even gensis has to shut down and for them it is when it falls under 150 per btc

[funtotry]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

Good news actually, there actually might be a difficulty decrease, price is too low and people aren't profiting. Many people closing down mining business because they are just losing money. Difficulty actually might fall making your ROI much quicker

[needFREElunch]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

you can only sell them to other people not over genesis

but look at mining like this I do only use money you are able to loose no one knows exactly what is going to happen with the btc price their is a point even gensis has to shut down and for them it is when it falls under 150 per btc

Like selling the account they are tied to. That is a good point being there is no reason for them to honor life time contracts when they just lose money.

[joclixx]

yes profit if web cloud run 1 year++ i use genesis, eobot(1ghs=0.0009btc), cex.io

[bachel]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

you can only sell them to other people not over genesis

but look at mining like this I do only use money you are able to loose no one knows exactly what is going to happen with the btc price their is a point even gensis has to shut down and for them it is when it falls under 150 per btc

Like selling the account they are tied to. That is a good point being there is no reason for them to honor life time contracts when they just lose money.

yes but they are upfront about it so its a liftime contract in the lifespan of btc but I actually belive this will be a good year for btc mainstream etc

and yes you can only sell the hole account not parts

[needFREElunch]

yes profit if web cloud run 1 year++ i use genesis, eobot(1ghs=0.0009btc), cex.io

This is what I posted earlier if you had read.

[funtotry]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

you can only sell them to other people not over genesis

but look at mining like this I do only use money you are able to loose no one knows exactly what is going to happen with the btc price their is a point even gensis has to shut down and for them it is when it falls under 150 per btc

Like selling the account they are tied to. That is a good point being there is no reason for them to honor life time contracts when they just lose money.

Time comes when profits are less than positive and the customer will agree it is waste of money to keep going so customer and cloud mining business will both agree to stop down. It isn't really lifetime, just until profits are less than 0. Keep that in mind