What do you think about cloud mining?

[mariklark]

 

At first, lets talk about the difference between physical and cloud mining. Physical mining is the mining of crypto-currency by purchasing physical equipment, own installation of them and courtship.Cloud mining, on the other hand, is the purchase of hashing power. Hashing is the transformation of an array of input data of arbitrary length into an (output) bit string of fixed length, performed by a certain algorithm. And so you buy the capacity with which the company from which you bought this mining capacity will extract Bitcoin and pay you as a profit. For example, these is one really good in https://bonuscloudmining.com/reviews/hashflare-review/ cloud mining company, where you can earn good profit. In short, there are companies that build whole factories with equipment for mining and then sell you a "place" (capacity), and share with you a profit in Bitcoins. There are two types of such contracts, life and short term. Often, this is a one or two-year contract, and the term of contracts depends on their profitability.So is it worth buying cloud contracts for mining, I believe that yes. This is a good passive income, which in the worst cases returns the investment money to you in less than half a year. Since the moment I invested my first money in these contracts, I already managed to return the money I had invested.Insert other media

[wry]

The problem with cloud mining is that there is no way to know it is not a scam.  It's simply impossible.  Therefore, it is a go to scam for the bad guys.  I'm not saying that there are not legit cloud mining sites, there could be, but there's just no way to know.

Keep in mind that mining is just buying coins in a different way.

[Bitcoin Lending]

Hashflare stopped paying so don´t buy into that one, but you really should not invest in cloudmining at all. It´s better to HODL BTC or trade alts.

If you really want a passive income site, then check out my review on Arbitraging, it looks amazing:

https://bitcoinlendingico.com/arbitraging/

[Han2x]

On 6/16/2018 at 12:55 AM, Kate said:

99% scam sites that are ponzi schemes some are trusted like eobot 

I agree with you @Kate but I don't know if that 99% statistic is accurate. But we can say it's almost all the cloud mining we found in the web are scam. They just there in few weeks or months and then gone.

 

[phoniexfire]

I do not trust cloud mining site

[Samuel Solano]

You could say that mining in the cloud is a way to start for people who do not have where to accommodate so many mining equipment or who simply do not want to do it, I also see it as a way to diversify efforts and generate higher income passive in my perspective I would have the 2 options

[napolitano]

hashflare, has a red flag (what I saw in the comments on the web) sometimes I find some pages ponzi that come out every day that promise you are mining to coin without them knowing anything about the coin itself

the truth, there are very few pages that promise real mining! and the few.... you can count on your hands