Cloud mining can be a better option?

[crmgoes 330]

In the past it wasn't even an option cause every cloud mining business was basically scam, but now there is some very trustful companies doing this like Yobit and to me it have a very good value right now. 😁

Edited October 8, 2020 by crmgoes

[eywizard 103]

I think cloud mining is obsolete. Now what is being used is the stake. You buy a currency and depending on where you have it stored, you may be given an annual percentage (API) for having it there. Mining is very expensive and for example BTC each halving you make decreases the amount of BTC per transaction.

[adidas21rus 37]

The profitability of cloud mining without investments is quite low. The income from this type of activity is a couple of dollars a day. It can be problematic to accumulate the minimum amount for withdrawing funds. In fact, the activity of free cloud mining of bitcoins is similar to working with ordinary bitcoin cranes. Services exist at the expense of commissions and percentages of users ' income, and it is simply unprofitable for them to distribute their own funds to everyone.

More profitable and reliable cloud mining with investments. There are the following varieties:

• Mining as a Service. The client leases part of the capacity from the services in the form of hashes. These capacities are also called Contracts. Each type has its own price and binding to a specific type of currency.
• Leased Mining. Other users provide their equipment for rent. The same lease, only you do not take a car from a neighbor for a while, but part of the power of the mining farm.
• Virtual Hosted Mining. Rent hosting on large sites. The user installs and adjusts the software for mining.

Dedicated Service Mining. The equipment is rented from the hoster: he maintains and repairs it, and the client compensates him for the costs.

Important! Even the best cloud mining can cease to exist. Don't put all your eggs in one basket. It is better to distribute investments between several well-known cryptocurrencies on different sites.

[maryoar 148]

There are many pages and platforms that provide the cloud mining service. Most have dedicated themselves to showing an image of transparency and legality in their business model. Others, on the other hand, are made simply to scam those who believe they can make money with this service, in conclusion what should be done is to seek as much information as possible about the reputation of the companies. This in order to choose a good cloud mining service without putting our money at risk.

[DanielMcRon 598]

On the one hand, yes. But if you think more deeply ... In conventional mining, if there is a cheap room, good and cheap parts, as well as a place where cheap electricity, then mining will pay off very well. While the cloud will generate little income. And here you will need to find a proven and reliable cloud mining platform

[James_Brown 122]

Cloud mining is an extremely useful and convenient service. The advantages include the fact that you do not have to buy expensive equipment and set it up, you do not need to think about renting a mining room and paying utility bills. You can make money on cloud mining.

[dickpicsforfree 38]

For some, yes. The only roadblock is getting back your investment, which can take time.

[jmgp88 122]

The best option for cloud mining right now are the vmining plans in yobit .. all or almost all the others end up disappearing or they half force you to invest or have many referrals because otherwise it is impossible to reach the minimum withdrawal .. if I had to invest in mining now, without a doubt .. yobit

[maryoar 148]

Yes and no! Mining in the cloud can be a great advantage for all those people who do not have special equipment to mine cryptocurrencies such as computers, cpu, etc., but there are really few companies that make this option, that is, today we are Cheating platforms that turn out to be scam. And the end result is the loss of all our capital.

[Emroyz 58]

I believe that cloud mining is not actually considered the best option for earning money. You can't succeed in cloud mining. Tuch mining is not considered a viable option. It is much better to use your equipment.

[snowflake97ss 10]

I think no.

Because you can earn a very little amount of crypto from mining site 

[Crypotoarg18 4]

The best option ... is to mine in the cloud with a good mining team that offers much more profitability in the medium and long term.  At the time I used a third-party site to mine in the cloud with 6 low-resource devices and they burned me after 6 months giving a result of 0.003btc in a basic plan of 3 dollars.  It is a minimal income that can help but it is not a very good option with the basics.

[JanBomCrypto 494]

On 12/9/2019 at 12:03 PM, shalinimittal said:

If you have been doing bitcoin mining with your own or third-party networks but not getting any profits, cloud mining can be a better option, in most cases. Research shows that it is actually profitable and less costly to mine bitcoin with cloud miners, as you need not invest in costly mining setup and hardware. What do you think?

Thank you for this, I will try cloud mining, but you do not give any link to a profitable way we can  try cloud mining. I can be able to buy mining equipments and start mining. I will like you to get bad to me if you have any good link I can use to know about mining because I will be interested. 

[larryspacca 39]

cloud mining is the best option to lose money :)))) Consider that cloud mining websites pay little and if you invest at the wrong time you risk losing money. If you have access to cheap electricity, mining at home is the most profitable, but you always have to invest to buy the miners.

 

[Phongg224 33]

I am currently trying sites for the cloud mining. Mostly they are scams so beware and be vigilant always.

[Yomose 3704]

On 10/25/2020 at 8:57 PM, Crypotoarg18 said:

The best option ... is to mine in the cloud with a good mining team that offers much more profitability in the medium and long term.  At the time I used a third-party site to mine in the cloud with 6 low-resource devices and they burned me after 6 months giving a result of 0.003btc in a basic plan of 3 dollars.  

I will like to correct you as I believe you have not experienced cloud mining before, cloud mining are not profitable the way many people think, also know that there are profitable ones offered by scammers. People need to be careful while dealing with cloud mining. 

[giangvan 36]

It seems to me that the transaction is more profitable than the cloud mining. This is my opinion, but when trading, you do your own analysis and decide which is better for you to use cryptocurrencies.

[Viscount 1357]

It is because cloud mining isn't really a good option and most of cloud mining is just a scam. It is recommended to just build your own mining rig than to invest on cloud mining. But nowadays, it is really hard to even mine on your own that it is not rewarding anymore.

[edwardmolina702 1]

On 12/9/2019 at 7:03 AM, shalinimittal said:

If you have been doing bitcoin mining with your own or third-party networks but not getting any profits, cloud mining can be a better option, in most cases. Research shows that it is actually profitable and less costly to mine bitcoin with cloud miners, as you need not invest in costly mining setup and hardware. What do you think?

Hello friend, really many say that mining in the cloud is much better since it does not damage your software but the big drawback is that we must invest and we must know where because there are many platforms to mine for free that the truth does not pay and the that they pay is an eternal process to be able to generate some money

[JanBomCrypto 494]

On 10/31/2020 at 5:10 AM, giangvan said:

It seems to me that the transaction is more profitable than the cloud mining. This is my opinion, but when trading, you do your own analysis and decide which is better for you to use cryptocurrencies.

I will like your explanation very well, it I not clear and seem wrong. What is the correction between transaction and cloud mining? Why do you differentiate the two? I see not correlation at all. 

[Jandancoin 482]

2 hours ago, JanBomCrypto said:

I will like your explanation very well, it I not clear and seem wrong. What is the correction between transaction and cloud mining? Why do you differentiate the two? I see not correlation at all. 

@JanBomCrypto Transactions has nothing to do with cloud mining, but in the process of mining, transactions are also completed by miners. But, what I know about cloud mining is that they are mostly scam.

[SuperCrypto 7193]

Those who decide to get involved in cloud mining should be careful because the mining companies cannot be trusted. If you are unable to purchase hardware and want to experiment with mining, you can try a trusted site such as NiceHash.

[mias15a 1102]

I have never believed in cloud mining. Maybe that’s a mistake, but this young miners are very suspicious...

[Mubiflow 1771]

I think cloud mining is the best option especially with low a very low or no capital you can start mining and gain some income which can use to reinvented or withdraw

[George10 9932]

On 12/9/2019 at 1:03 PM, shalinimittal said:

If you have been doing bitcoin mining with your own or third-party networks but not getting any profits, cloud mining can be a better option, in most cases. Research shows that it is actually profitable and less costly to mine bitcoin with cloud miners, as you need not invest in costly mining setup and hardware. What do you think?

I don't like cloud mining because it involves a lot of scamers in the game and there are many websites for this therefore, choosing to use any of them is a big mistake that a crypto user may make and the best is never to fall for them.