Re: Cloud mining

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.

cloud mining is very harmful. legally I think cloud mining does not provide any guarantee to us. so there is no trust we can get. it's all just luck, we just try and in the end we lose the investment we have. Scamming is the hallmark that is now attached to cloud mining.

Please do not put all cloudmining webmaster in the same basket.
I run a cloudmining site and I have always paid my members.
Talking about generalities is missleadind people.
What is your help here if you just talk about generalities?

Can you clear up this issue a bit? Ive always believed cloud mining is a waste of time, and nothing is coming out of it because most of my friends investing into it said its now useless. I havent tried it before, but I would like to know, assuming I invest into your cloud mining site, how much percentage will I make from each investment in a month?

Most of the comments here is with negative thoughts and I came up into conclusion which can be agreeable to the majority who read this thread that cloud mining is certainly having bad reputations. For me if they invest with cloud mining, they'd better stop it and divert with actual minings because if their electricity is cheaper in the country they lived, well that's much more profitable than any so called mining investments.

Now many people are ready invest on ASIC miners but supply of miners in demand now after China banned bitcoin in their country. I hope you may know that Bitmain located at China.
You can do altcoin mining using the graphics cards with the specification to start GPU mining.