Quote from: Kevin77 on September 15, 2017, 03:17:52 PM

Quote from: player514 on September 12, 2017, 03:32:40 PM

Quote from: bitgolden on September 12, 2017, 03:28:30 PM

Quote from: 777Bitcoin on September 08, 2017, 12:26:20 AM

I have bad experienced with a cloud mining "hashocean" I think. And also my friend, we've invested and like cloud vanished and not leaving any traces at all. After that I've started to doubt bitcoin and leave. Until now I came back to regain what I've wasted for so long. Scamming sites are made to gain profit to fool others that I condone and will not be on that situation again. My advice is just be careful and be observant on anything/sites other than this forum.

Ive never done cloud mining. I wanted to do it last year, but decided to quit after I made some research and discovered that there isnt any profit in it. Most of them are even scams. I heard it has become worst this time, that people are getting nothing at all.

Yup, and the issue with cloud mining is that you're essentially competing with those huge mining groups that purchase insane graphics cards and mine with them. They are easily worth millions, so when you put in a couple of dollars into a cloud mining service, I don't see how you can beat those mining rigs out.

Lol competition indeed. You cant even compete with such a mining group. I invested into Bitcoin cloud mining, but it was through a friend, cause I cant and didnt want to invest by myself; I was new to bitcoin then. He told me I will get 40% on what I invested into this, but by the end of the month I got my money with just a small percentage thats worth nothing on top. He then said to me that Im lucky and should be happy for what I got.

Competition is not the issue I think, i don't know how it come to that idea. We were not even talking about profitability of mining here. We are discussing legitimacy and its accountability to its clients. I don't know if most of you have experienced being scammed or what but I'm sure you won't like it. I'm spreading my story to warned anyone who were vulnerable to this kind of investments that are fake.