Quote from: Ctn on March 12, 2018, 09:14:29 AM

Quote from: finist on March 12, 2018, 06:55:25 AM

Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?

It makes no sense at all. Though the mining fees are dropping it doesn't mean that these cloud managers will drop the price of minimum withdrawal. The clouds shouldn't be trusted anytime. They will take your money and they will just show that they are making great progress in the mining but to be honest on the practical side they are not making any progress and sometimes I feel that they are not even mining the whole thing. So it's just another Ponzi scheme from which you should always stay away. Apart from this you should also notice that by the time you hit your ROI you will have your contract finished and thus you will need to pay more to continue the contract and then you can withdraw the moeny you invested. However you already spent more and this way you never actually reach your ROI.

Anyone who is even still going the cloud mining way right now is either not up to date with cloud mining activities or they are just new which I believe the OP being a senior member is not new to these things and he should know better.

Cloud mining started sucking a long time ago and as the difficulty keeps increasing, it sucks even more, and you will be better off learning how to trade with that little, than investing in any cloud mining. OP must be doing good as he had tried out with what he could afford to lose, but cloud mining sucks and if he had done some research beforehand, he would have known that.

There are two ways to it presently, those who are legit and have been running for a while, you will not even break even, while the others are just some bunch of scams and you will end up losing your money anyway. So, at the end, whichever, way it will still not pay you ?