Cloud Mining

[GFED]

Is it legit? Any suggestions?


Thanks

[wankawonk]

Cloud mining is only profitable if crypto goes up, and if crypto goes up you're a lot better off just buying coins and holding them for yourself than you are hoping some company is legit.

Stay away.

[gnawledge]

I've tried hashflair and I couldn't get it going, or some sort of fraud protection going. I also bought a few servers and cloud mined with some installations to make it work.. But, nothing that's profitable. You might as well just buy. Or buy a mining rig and get into a pool.

[HomerSimpson]

Over the time it's proven that it's not worth it compared to just buying and holding because of the much quicker returns.

[GFED]

Thank you for the replies. I have chosen not to invest into cloud mining.

[2MuchMark]

Don't do it. Total waste of money.

But if you want to try mining on your own, download some software and buy a fast GPU or 2. You can make some money at it if your electricity is cheap, and its kind of fun.

[INever]

Don't do it. Total waste of money.

But if you want to try mining on your own, download some software and buy a fast GPU or 2. You can make some money at it if your electricity is cheap, and its kind of fun.

Can you provide numbers? Like with a fast GPU (how fast), how much time required per coin mined?

[xStar]

How do you know that it's mining and not a Ponzi scam?