Post
Topic
Board Service Discussion
Re: Is cloud mining worth it?
by
JeffBrad12
on 16/09/2016, 00:10:27 UTC
Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)

Just trying to get my head around things.

Thanks!

Once upon a time it was good because we learned many things but at the end most of us got scammed or at least we didn't reached the ROI.

But now when the price of bitcoin is high and the difficulty increases to fast there is no hope to invest in cloud mining or the ROI will take so long.

Cloudmining sites are just scams from the start even the difficulty of mining  is not  yet increased on the previous  halving. Some sites claimed that they are running a mining farm which is not trully there and some  may have farm but cant sustain for so long. How much more on these days that difficulty on mining has increased.?  Thats why i never turned  to invest on those sites after on the hashocean incident.

Some sites not just pronounce that they are running a mining farm but also give a stream link which you can check their mining rigs mining.

Which i think that they can simply pay someone to share the view with others and for users to believe that they are really investing in a real company.

Yes i do saw those links previously. well they do actually run a  mining farm which is somehow  good and  gives as confidence to invest but still i wont consider to invest on those things again. I dont have trust anymore on any cloudmining no matter how many miners do they have.
Actually, that is just their trick for making the people is appearing the perception if they're a good cloud mining and wil be a good way for investing in them and that is just for lure the people for wasting ther money in them and until a long time later the cloud mining will always have a scam predicate.