I did some research. It seems cloudmining.website is a profitable investment. For example, check - http://cmmonitor.com/24-cloudmining-website.html
Hello 2014 farmed newbie account, thanks for sharing your in depth research.
I am sure that such rigorous analysis will keep you from giving your money to any old ponzi scheme with 0% proof that they are doing what they say they are.
Do you have any other Bitcoin investments?
Wow, someone is getting butthurt here... I did not even bought any hash power at cloudmining.website yet. In fact, none from any cloud mining website. notlist3d, the Hero Member poster just after my first post, said everyone going into cloud mining should do some research. This, I think, is correct. Hence, I posted what I found in my research. Cmmonitor.com has not reviewed cloudmining.website only. It has also reviewed Genesis Mining, Hashnest etc. None of them are disclosing all of their mining addresses and showing the sold hash power in real time, which is the one and only proof to know whether a cloud miner is honest or not. Do you think all of them are scam?
LOL, butthurt...no of course not, why should I be butthurt?
It's your money, not mine, that you are thinking of sending to some anon on the promise that he will give it back to you, little by little, and then some more on top, in about a year or so. Maybe.
A perfectly reasonable decision to make, based on......a monitor site. BTW did you read the comments on CMM, from say #12 onwards?
(N.B. CMW supporters say that any critics are in the pay of the competition, despite providing blockchain proof of drastically low payments. It's all on the blockchain, right?)
I looked seriously at cloud mining for a while as a potential investment, but came to the conclusion that they were either ponzis, resellers, or legitimate ventures that want to raise capital (there is no other reason to sell profitable hashpower) and have control over how much interest they were prepared to pay.
None of those situations appeal to me.