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best cloud mining website , is it worth it ?

Discussion in 'CryptoCurrency' started by ale107, Jun 25, 2016.

  1. ale107

    ale107 Newbie

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    looking for a cheap and good cloud mining website for various coins ,not only btc , and are they worth it ?
     
  2. BTCnet

    BTCnet Newbie

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    Don't do it , they ALL end up being a scam.
     
  3. toxic08

    toxic08 Regular Member

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    Cloud mining and I think mining in general isn't profitable only if you have already setup one last few years. Although they say rx470 4gb is good for alt coin mining with rumors of its good hash rate.

    If you really wanted to invest in coins, I think trading is one. I'm currently trading right now and BitCoin is really good this past 3 months because of the halving.
     
  4. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Mining should have been done like 7-8 years ago, my man.

    Unless you've got an abundance of money to throw at super-rigs.. do you?
     
  5. Natalie B

    Natalie B Newbie

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    Yes
    it worth it ...
     
  6. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    It maybe worth it if you mine some of the new coins. Don't try with the bitcoins though - I have read it costs more to mine those coins.
     
  7. mrankin

    mrankin Jr. VIP Jr. VIP

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    I've been could mining for a while now and I use Genesis Mining - https://www.genesis-mining.com

    I did buy a 1 Year x-11 contract that will barely break even, but my Lifetime BTC mining is on track to produce a profit ($190 originally spent on SHA-256 hashing).

    If you do decide to join them, I'd appreciate you entering my promo code of MpftSe which will give you a 3% discount and give me 0.25 MH/s.

    Here are my earnings as of today;
    [​IMG]
    [​IMG]
     
  8. Glacier77

    Glacier77 Newbie

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    Worked out well for me this year. End of last year started cloud mining ETH with genesis mining. Sold a heap at its first high about $13.
    From what I've learnt.

    Pros:
    Easy way to buy with CC or PP
    No buying hardware

    Cons to many to list but here is a few.
    Site could be ran as a Ponzi scheme. some cloud mines. GM seems good.
    They buy latest mining hardware in bulk for a cheaper price. Run it for a few weeks or until the new gen of ASICs push the difficulty up to high then rent it out.
    No option of picking soft/hard forks.

    did make a nice profit from GM this year.

    Might be better just to but a new coin under value the sell at highs.
     
  9. IncomeEvolve

    IncomeEvolve Newbie

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    I personally like using genesis mining. I had other contracts with companies that ended up being a scam but this one has actually proven their mining capabilities and the CEO is very public and is very supportive of the community at large.. If you would like to try them out they offer mining of many different scripts including bitcoin, ethereum, litecoin, doge and many others.. Use Promo code ZDtzBr for a 3% discount and start your mining today!