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Keith700

I never liked cloud mining

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Does anybody know about cloud-mining service Eobot? I remember 2014 year when i first time heard about Bitcoin and this website was already known as cloud-mining service. This is not an advertisement, i just want to know your thoughts about it because their website still works.

Edited by VovaCoolLol

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Funny thing, this virtual mining of yours) Of course, the idea is interesting, and now if I had doubted before whether to buy a miner or not, but this price increase after each purchase was introduced, and I immediately bought the cheapest miner, I think for minex 2020 and 2021, the coin will definitely grow

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Totally agree. In addition, it somehow invites you to invest and there are high probabilities that this short-term investment is a total loss of money.

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On 10/18/2019 at 3:17 PM, Keith700 said:

The fact of disagreeing with this type of practice is very simple: they are very tempting to become scams.
98% of the mining in the cloud are simple hyips, although the real ones are also hyps but with physical devices, this will never imply that they are free of this type of practice.
Why should I be mining in the cloud? It makes no sense, for that I buy my own devices and learn to configure them, cloud mining can be for the ignorant or simple lazy who do not want to learn direct technicality.
In fact, mining in the cloud is meaningless, it is an out of place concept, it is just one more trick of this world, don't you think?

Interesting comment, the subject is not well known to me, but if I have heard from many friends that time is wasted, that is why it is better to seek a lot of knowledge first so as not to fall into cheating, many take advantage in these times of cheating through mining, it is recommended as you mentioned that if you are going to dedicate yourself to it, buy your own equipment and learn more about it.

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I think cloud mining is bad because of its unreliability but there is cloud mining from iobit that seems to have good reviews.

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yeah i am agree. you get more profit if you mine by your own. also it is so hard to find good cloud mining platform. also it is hard to find platforms with the low commisions. and most of them are not safe

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many scam ones around , but try to check out foxyrating,com, even if status of the cloud mining provider is doubtful check out... genesis etc don't give much profit to no profit...

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cloud mining is for the risk friendly people because you can never tell when the project will stop working. so of them even closes down without the client knowledge. some also pay for some few days and then stop.

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On 10/18/2019 at 9:17 PM, Keith700 said:

The fact of disagreeing with this type of practice is very simple: they are very tempting to become scams.
98% of the mining in the cloud are simple hyips, although the real ones are also hyps but with physical devices, this will never imply that they are free of this type of practice.
Why should I be mining in the cloud? It makes no sense, for that I buy my own devices and learn to configure them, cloud mining can be for the ignorant or simple lazy who do not want to learn direct technicality.
In fact, mining in the cloud is meaningless, it is an out of place concept, it is just one more trick of this world, don't you think?

I think you're right. I've used cloud mining a few times and it's always been a scam.

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On 10/19/2020 at 12:33 AM, rocki said:

I think you're right. I've used cloud mining a few times and it's always been a scam.

heh, that's true  but there are few ones if you check foxyrating.com that even if they have doubtful status they are still legit, the not paying ones are scam exits thought ... just check the foxyrating and you shall find some good opportunities

 

don't know if it's allowed to mention cloud mining websites if so, I will be glad to name a few ones!

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I don't trust cloud mining, it always seems to me to the detriment of those who invest ... it will be my impression, but I don't feel like recommending any cloud mining site

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2 hours ago, Tulip_al said:

To enter the world of cloud mining means to definitely risk there may be a possibility of losing the investment that you have made.
You will not be able to verify the operations that are actually taking place, also, you will not be able to manage or change your mining program.
In addition, it is less profitable than regular mining, as the company has expenses and takes a percentage of profits and its priority is above all.

Is true what you say @Tulip_al engage on the cloud mining adventure it's like throw your coins in at the deep of the sea. If the cloud mining legit we get the difficult to manage or change our mining program or en case we fall with website cloud mining scam we are out definitely!


 

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I don't also like cloud mining. I don't even recommend investing on any cloud mining, because 90% of cloud mining aren't legit and there are some that are legit but it doesn't really pay up a lot. So just build your own mining rig and mine for your self.


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Most of free and some of cloud mining end up scamming its users which led them to waste their time and efforts, so its better to dig deep about the cloud mining before investing 

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The field of cloud mining contains some risks, but it has been resorted to after home mining has become unprofitable, because it wastes your time and device, and spends a large amount of energy and electricity in order to get a number of Bitcoin that may not cover the expenses of mining it.

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Maybe due to your past experiences but I do. I like cloud/virtual mining. 

On 10/18/2019 at 8:17 PM, Keith700 said:

98% of the mining in the cloud are simple hyips, although the real ones are also hyps but with physical devices, this will never imply that they are free of this type of practice.

You are not wrong about this. I have seen such cases in many times but it all comes down to how you do your research and your choice in the end. If you are to choose a cloud mining software/site, you must be very careful and do your in-depth research.

Saying 98% are hyips and scams is right to some extent but if is partly your fault falling to one.


My Altcointalks username —° Raqeebzy

 

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You have aright choice because the cloud mining platforms they are always not generate profit thats will worth you, so mabye it can be the right choice to mine your own,

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I do not like cloud things mining is not adviceable to those new miner that will start their journey in miner bitcoins cloud miming is not recommended today have a nice day

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Cloud is not HYIP at all and is not advertised as such. If you see a company bragging about the high prices of mining, you should go to the mountains because it is actually a scam.

The profits from mining today are small, and even for home students, the money that goes into the clouds can be demanding.

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As you mentioned, mining in the cloud was born from the need of some to mine without having to worry about maintenance or technical aspects such as configuration or hardware update, that is, it is for those who do not want to complicate their lives, I support but physical and tangible mining, the virtual one usually leaves less profit due to the amount of fees they charge.

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2 hours ago, Shiya said:

Well every thing in life is choice, it depends on everyone's view or perspectives. Their are some people who prefer cloud mining than trading cryptocurrency.  Because they belive they will get free coins than risking to trade coins. @Adavance

I think life is all about choice and what you think that will work for you might not  work for another person but as for me I won't waste time on  cloudmining because its not working for me it's better I risk my fund on trading @Shiya

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I have a very bad experience with cloud mining I remember a cryptocurrency firm I invested a lot of my capital in crypto and finally stopped providing the website, the currency is falling into UNIT cryptopia, now I don't know any cloud mining still hashflare and other work gone and its Closes services.

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Yes I agree with you. But there are also many of legit Clod mining platforms. And Millions of the peoples are using the Cloud Mining Opportunity. If you want to get the payment then You can Contact me at the free time and I will guide you about the Cloud Mining.

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On 1/8/2021 at 1:34 PM, Adavance said:

I think life is all about choice and what you think that will work for you might not  work for another person but as for me I won't waste time on  cloudmining because its not working for me it's better I risk my fund on trading @Shiya

Nice one, but I have very low idea about cloud mining, I had it a bit profitable but I have very little idea about it, I guess I would have to make more research about it and get started, and I will also be glad if you can tell me little in summary about it

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