Have you ever invested in Cloud Mining?
2014-10-18, 10:11 PM,
#1
I'm curious how many of you have tried Cloud Mining.
Have you made a full ROI (or profit) yet?
I started using CoIntellect a few weeks ago and I've made back my investment + some profits.
What about you?

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2014-10-18, 10:21 PM,
#2
I haven't tried it yet, I thought of investing in Lite Coins..

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2014-10-18, 11:44 PM,
#3
If you plan on buying the cloud servers to mine on, then statistically it's almost impossible to make a profit cloud mining. Unless you can find some some really cheap servers, who's specs are usually trash anyway.

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2014-10-19, 10:50 PM,
#4
Cloud mining is not that profitable why would they sell the serice otherwise when they could mine for themself?
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2014-10-20, 12:13 AM,
#5
What's that?

Like bitcoin mining?
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2014-10-20, 01:42 AM, (This post was last modified: 2014-10-20, 01:43 AM by Peakfire.)
#6
(2014-10-18, 11:44 PM)๖ۣۜMateusz Wrote: If you plan on buying the cloud servers to mine on, then statistically it's almost impossible to make a profit cloud mining. Unless you can find some some really cheap servers, who's specs are usually trash anyway.
You don't buy cloud servers and set up a mining program on them, you purchase cloud GH/s or MH/s directly from the cloud mining service, and most of them have an estimated ROI (which is usually a few months).


(2014-10-19, 10:50 PM)Zeroless Wrote: Cloud mining is not that profitable why would they sell the serice otherwise when they could mine for themself?

They charge users an amount and use it to buy more hardware, they take a small fee for themselves and both profit. If they didn't sell the service they wouldn't be able to afford so many GH/s

(2014-10-20, 12:13 AM)John. Wrote: What's that?

Like bitcoin mining?

It's bitcoin or altcoin mining but instead of buying physical hardware by yourself you purchase GH/s (for SHA-256) or MH/s (for Scrypt) and depending on the website you don't have to pay electrical bills. Basically they mine for you.

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