1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

cloud mining, worth it?

Discussion in 'CryptoCurrency' started by daimaku, Jul 8, 2016.

  1. daimaku

    daimaku Junior Member

    Jul 4, 2016
    Likes Received:
    Video Game Programmer
    Home Page:
    hello, i have readed a lot about btc and the new online coins, thow year a go i bought some gh on CEX.IO to minning btc on the cloud to avoid the stress to create a rig for minning at home, then CEX.IO sent me a message telling me that cloud minning is no more profitable and is paused.

    i checked on google and there are site that offer cloud minning, they are scamm or at this point is still profitable minning in the cloud ?

    i would like to minning some btc and eth using a cloud minning, but i need some advice before i invest some money on that.

    thank you in advance for all the help.
  2. safex

    safex Jr. VIP Jr. VIP

    Dec 28, 2009
    Likes Received:
    Search Engine Optimization
    Cloud mining mostly end up with Big Scams, recently read that HashOcean (3 year Old Cloud Mining Company), Scammed 700,00+ Users over night. So you can imagine amount of risks.
    Plus cloud mining in my experience not seems legit, for example asic machine cost is 1500-usd, & then electricity, Internet and many other problems, but in end you earn 1-BTC in almost 2-3 months. As compared to Cloud mining, they never share there exact farms locations or send any REAL proof of machines. Just a Ponzi Scheme pattern.
    • Thanks Thanks x 1