You are viewing a single comment's thread from:
RE: Should You Mine Ether to Buy Steem? (Ether Mining Video/Live Talk!)
Dont forget the energy costs, i lived in brazil and the energy is so expensive that is better you simply buy the coin with the hardware costs.
you can mine cloud too :) no energy cost just fees when you cash out...
Are you cloud mining, out of curiousity? Have you made a profit, you think, if so?
you mine coins hold on them and when price goes up taram you get a profit.... i use eobot they charge fees every time you cash out... every time you exchange or everytime you buy more hash power with the coins you mined... yeah it can be profitable.... if you buy 5 year plan... genesis has until the coin is no more profitable but is more expensive and you cannot mine any coin you want.... however if you erase the electricity cost its profitable,,, and if the price of coins you mine goes up than yeah,,,, if the crypto coin you mine goes down than you hold and wait until it goes back up.... there are risk of course just like when you trading... right now eobot lunched the Cloud SHA-256 4.0 so people who buy Cloud SHA-256 3.0 they buy it very cheaply compared to others who bought it before... :)
Be carefull with cloudmine, the only that i know is real is genesis and hashnestm they have real mini hw and arent scams or ponzi.
eobot is also a good one its been here since 2014 no complains so far...except that i think they charge fees up to 20% when you cash out or exchange
yep, genesis people said that actually is dont paying so much and the roi is very low too.
Very true. I briefly touched on that point, during the video. Sorry to hear it's so expensive, but buying and holding hasn't worked out badly for anyone, thus far :) Cheers, and thanks for pointing that out on here.