Quote from: fazzer on July 31, 2014, 02:38:17 PM

Quote from: notlist3d on July 31, 2014, 12:59:23 PM

Quote from: DrG on July 31, 2014, 12:48:33 PM

Cloud mining is not profitable. If it seems like it is, the company will disappear with everybody's money after 6 months and there's nothing you can do. After all why would somebody go through all the work of setting up miners, a website, and company so they call sell you profit?

Miners don't cost 100-200k in USD. You can buy small ones for as low as $50. The large companies do have a benefit when buying millions though.

They will come with lot's of reasons cloud mining is needed. Fact is most miners now you plug in like a computer to network and set up information in it. It's not near as hard as they want you to think.

If you want to mine long term get a miner, if electricity is to high in your area look into hosting. Do ROI math. Electricity and space are two big things to consider when deciding hosted or running at home.

WELL IN MY COUNTRY THERE ARE HUGE POWER CUTS AND I DON'T EVEN HAVE MUCH SPACE IN MY HOUSE .ANY MINERS U SUGGEST .MY BUDGET IS LIKE 50 TO 70$$ AND OF COURSE PROFITABLE!!!

I would save up a little more and look in group buy. $70 dollar sadly will not get you much mining gear. You can get some of the older stuff in that budget for fun, but do ROI before buying.

I'm unsure by power cut if you mean shortage or cut in price. If shortage and high look into hosting. If cut as in cheap price mine at home, just be aware of possible heat/noise. But if you have space for it and cheap electricity then you have a good start to being profitable.