Quote from: carlfebz2 on February 11, 2018, 09:01:27 AM

Quote from: Steffoboy on February 11, 2018, 08:29:51 AM

Quote from: carlfebz2 on February 11, 2018, 08:21:14 AM

Quote from: Steffoboy on February 09, 2018, 03:14:36 AM

Quote from: odolvlobo on February 09, 2018, 02:44:14 AM

Quote from: Steffoboy on February 09, 2018, 12:32:59 AM

Quote from: odolvlobo on February 09, 2018, 12:10:09 AM

At best, cloud-mining gives you a low probability of making a profit. That is why the returns from hashflare and genesis mining are bad overall. The fact that Crypterra pays so much more is an indication that it is a scam. How can they pay so much when "legitimate" sites can't?

No its not, its s still good at Genesis,. i made 4x the investment, but Hashflare stole the lifetime contracts and made them 1 year only plus doubled the price like a suicidal maniac that wants to kill his own company before he dies himself.

I will make profit at Hashflare, but only because i started invested in the beginning of the bitcoin rally, but all the people that came after they doubled the price, will not, if the BTC not goes above 20k again that to say. Not even Crypterra was profitable at the low point of BTC.

Its amazing how many people talk bad about mining and claim hodling is so superior, they simply dont understand there is no BTC without mining?

When you write, "i made 4x the investment" and "I will make profit at Hashflare", is that in terms of dollars or in terms of BTC? Typically, cloud-mining investors claim a profit when the BTC they receive is worth more than the BTC they invested, even though they now have less BTC than they started with. In that case, they would have done better by simply holding the bitcoins rather than investing in cloud-mining.

I agree that there are no bitcoins without mining, but that doesn't justify a person mining at a loss.

Thats just valid if you want to have more bitcoin, and makes assumptions that the bitcoin will rise ever higher, thats not the case at all right now For example i had 1 TH at Genesis and made 65 dollars a month with it and paid 150 dollars for it, so i just dont care, i have used the money investing in Hasflare and other things, i dont keep bitcoins to speculate on the price, and oh well, BTC has just dropped 70%

This is why I don't really suggest on investing on these cloud mining sites even on legit ones,i cant still assure it profitability but if you don't really care on your ROI since you do have lots of money to spend on or invest on then its your choice on investing to these sites but talking into this unknown website I don't think it would be worth to put money on. I would rather choose up on building miners on my own.

Yes thats true but the investment and workload will be much much higher, if BTC goes to 15K we will be good, but having your own miners will be double up better.
At least here u can start at 20 USD

When you do talk about small amounts that you can afford to lose up then its your choice $20 or not its still money. Hopes of price increase wont really happen anytime unless if you can gather or save up all the btc you do earn and go for long term but we do all know not all people can hold up btc for long term because of some circumstances. Just invest for your own risk and as I speak even investing into legit sites as of now isn't really an assurance for you to reach break even.

The point is more that you can build a position with small sums, that is still profitable, few are those who knows how to purchase setup and maintain an AISIC, let alone pull up well over 1000 USD in one swoop, so i say the risk is lesser with cloudmining, but the profit is also lesser, but anyone can do it, and millions do, to be a hardcore miner in your garage, is a commitment, not an investment. But hey, if u aint got work, now you do