hey just wanted to know that is Bitcoin Cloud Mining profitable??
I am new here just bought 100$$ btc and wanted to invest in mining.i have invested like 5$$ in betarigs.com but after 10 min .i could see that i was losing what i invested .so i started to do research about mining and know that the actual miners cost like 1000k to 2000k $$.it was too much for me so searched for some cheap options and found out about Cloud Mining .I just wanted to know about it a little bit more and if anyone can help me get started with it any good sites to start could mining and is Bitcoin Cloud Mining PROFITABLE!!!
Thank's in Advance!!
EDIT: I am thinking to buy this http://buy-antminer.com/antminer-u2 .will it be profitable to invest in the device??
First off, no, cloud mining is not profitable to anybody but the guy selling you the cloud mining contract.I am new here just bought 100$$ btc and wanted to invest in mining.i have invested like 5$$ in betarigs.com but after 10 min .i could see that i was losing what i invested .so i started to do research about mining and know that the actual miners cost like 1000k to 2000k $$.it was too much for me so searched for some cheap options and found out about Cloud Mining .I just wanted to know about it a little bit more and if anyone can help me get started with it any good sites to start could mining and is Bitcoin Cloud Mining PROFITABLE!!!
Thank's in Advance!!
EDIT: I am thinking to buy this http://buy-antminer.com/antminer-u2 .will it be profitable to invest in the device??
Secondly, congratulations on your purchase of BTC! That Antminer U2 is a fun little USB stick miner, but you certainly won't make any profit from it, especially at the completely outrageous price quoted in that link you gave. The U2 should cost no more than $10 - $15.
If you want to try out mining and have your very own hardware just for fun, with your budget I'd suggest something like the Rockminer R-box (32-37GH/s for about $65 - $75).
Lastly, your expectation of being able to just spend $70 and somehow having that magically multiply itself from mining is unrealistic. Mining is not a get-rich-quick scheme. It is an investment. And, just like any investment, it can either be rewarding or not. Honestly, since you've already purchased the BTC, I would suggest you just hold onto it, rather than trying to find mining hardware with it.