Cloud mining can be a better option?

[Suhannewaz 245]

Cloud mining provides a mechanism to mine cryptocurrency such as bitcoin with the necessary hardware and paraphernalia not being installed. The cloud mining process makes you a mining participant and requires a certain amount of "hash energy" to be purchased.

[Win 1015]

I dont think it is good becouse its not worth it and only waste of time and effort and also gadget will only be in danger but if the cloud mining is just like an investment maybe it is good if this is new

[guatazoo 7150]

Cloud mining was the best option for actual mining, but it was messed up with the scams and such.

[doriahailee 643]

7 hours ago, Pinky55 said:

Yes cloud mining is always profitable but it depends on the genuine website and most trusted website and must Calculate the mining profit before investing in a cloud mining website and I suggest to check genesis mining

Yeap, As you said it's depend on which website and as we know mostly now cloud mining website just an fake investment platform that have ponzi scheme, We should doing some research before to avoid scammed be some people.

[tienda 8776]

Cloud mining can be a better option? Never because the majority of the websites cloud mining owner are scammers all of them they start with offering free GHS to start then when you reach the minimum withdrawal they ask you to upgrade before!

Edited January 25, 2020 by tienda

[Delgboke 2480]

On 12/24/2019 at 7:07 AM, Cryptokiller said:

Cloud mining is very popular now because it is much profitable to mine.So it is really a better option.

I have been doing cloud mining for some months now but I can't withdraw because of that I don't like Bitcoin cloud mining, despite that cloud mining is popular it seems like trick to scam people, you have to buy hashower before you can think of withdrawing. 

[Ankit Nepal 719]

On 12/9/2019 at 4:48 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?

Cloud mining is profitable only when you deposit a certain amount. But you should be careful while selecting the site of investment. Most of cloud mining site are fake. The only mining site i trust is eobot. They have been paying since 2013.

[Ridam 7455]

Cloud mining Maximum are scam or will turn scam after few times, just think that if they could mine for you Bitcoin why they don't mine for themselves and earn? Why someone will give own profit to others so i don't suggest you to involve in such mining

[Grease Lightning 169]

On 12/9/2019 at 6:03 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 just want to remind new investors, this post is misleading. Cloud mining will never be an investment choice. You will only prevent your money from growing while the cloud mining company and its initial users enjoy your money. 

[dewita 12]

Certainly very approved
The reason for cloud mining is that it can build its own mining rig. its operation requires a high electrical load.
 

[bitcoinb 1359]

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?

Listen your heart and mind. I have a 8 GPU mining. Mining is not dead. Cloud mining is not dead too. Just remember that you need almost 1 year to get ROI at the actual BTC price.

[Naeem 40]

I prefer trading nowadays...yes mining was a good choice in the bast...but now it's soo hard ..and cloud mining is better for you..by the way don't forget that there is alot of scam companies..so be aware!

[Gunhoo 91]

I think cloud mining is not a good idea or a good alternative to mining. Why not just try staking or making master node or something? It's a lot better than cloud mining IMHO.

[scorpiali 5626]

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?

Yes true cloud mining is much better than mining with your own devices because they can't cost you nothing like electricity and maintenance, you need just to find the good cloud mining website because there is a lot of scammer

[KURTAULI 1297]

Most people will not support to invest in cloud mining services because now a days we can see many scams happening in cloud mining. It is always risky to invest in cloud mining, giving higher % on our investment is always risky.

[Morganshtern 1774]

This is a newly exploited initiative and it will be more and more expanded because it is found that it is profitable and does not need to invest in a more expensive mining setup than it is.

[Nakamoto 279]

9 hours ago, Maahi said:

No I think now cloud mining also bad for our time and money because most of cloud mining are related to scam and summer giving interest very less so you will cover your your initial investment in one year many times

The level of difficulty of mining will continue to rise while you have a permanent power mining contract. This is why you will not receive your money back.

[Grease Lightning 169]

16 hours ago, Jackmil said:

Cloud mining is not the right choice. You better not do that. Because in my opinion it's no longer good to do and not profitable.

Cloud mining sites will only continue to operate if there are new investors. That's why they offer commissions from everyone brought by old people. Cloud mining is a scam and stop your wishful thinking for profit.

Edited February 11, 2020 by Grease Lightning

[noor job boy 77]

You cannot succeed in working in cloud mining. Cloud mining is not a viable option. So cloud mining is not a better option for making money

[Nezar 7169]

Cloud hosting sites are all fraudulent and do not pay. When you reach the minimum withdrawal level, referrals ask you and deposit money until they steal you.

[Lubruselu 2803]

No! Cloud mining its not the better option to choose, but mostly of the beginners they thinks that's if they will use cloud mining it would be the better way for them to get rich

[Luciferludz 1442]

Cloud mining cannot be better option at this years because the bitcoin mining becoming more difficult than before, its more better to mine at home

[newcrypto363 19]

In fact it is not a good choice, cloud mining has no choice at all to do as well as mining. They all make us suffer losses.

[Zisan95 71]

A website cannot generate the power of mining cryptocurrency.All of the websites that claim that they mine cryptocurrency, are fake. I have tried a lot of websites but unfortunately I didn't get any payment from the websites. They are fully fake.

[Kelany78 1]

Cloud mining is better than home-based mining, but less profitble than hosting mining. Also, it is risky as the bitcoins mined every day will go to the provider's wallet first. Mining is all about strong mining gears and cheap energy. You can choose to host your miners in some countries where there are many cheap enegry source. So far I'm pretty satisfied with one hosting platform, Hashmax in China. I strongly recommend it to every one who wants to get involved in miner hosting.