Is Cloud Mining Actually Worth The Investment??? (Opinion from an investor)
I wanted to bring an important topic and conversation to the forefront. As crypto continues to grow and acquire new "investors" there are many options to... "multiply" your money and diversify your portfolio... but is 'CLOUD MINING' one of them that you should be putting money into?
I myself have cloud-mining contracts, but the real question is...
am I happy with my investments and would I do it again if I could go back in time?
All things expressed in this video are solely the opinion of myself and should be taken as that.
Video Below:
Thank you for watching & all of your support!
Support The Diplomat @iamenglishtv
https://teespring.com/stores/iamenglish-collections
Support your local #yunk dealer @clevercreator: https://notshakespearesschool.com/collections/steemitverse
Vote For @Yunkzilla & @Drakos @ https://steemit.com/~witnesses
This blog would be nothing without all of you.
.gif)
Great video. Really answered some of the questions I had about cloud mining as I wanted to get involved myself.
(;
Thanks for watching!
Unless you have a huge network of people that are going to use your code to continually give you hashing power or you are investing heavy with USD... not worth it in my opinion.
@crypto2day I AM PAYING BY CREDIT CARD AND I CAN TELL I WOULD GET MUCH MORE FASTER TO BREAK EVEN POINT
agreed. That was one of my points in it, your crypto payments are not worth putting into a cloud mining company when their values are constantly appreciating, while the USD is stable or is going down lol so is more sensible to use when purchasing hash power from a cloud mining company....
I still think that people should just mine coins that are GPU friendly to maximize their profits over a cloud mining service but that isn't saying that money cannot be made from cloud mining.
I AGREE I ALSO USE NICEHASH + MINERGATE BUT I AM NOT AN EXPERT AND USE NORMAL CPU MINING , WHICH GPU CARD DO YOU SUGGEST IF YOU GOT SOME EXP. MINING
That totally depends on the currency you wish to mine.
PM me at SteemIt.chat and we can talk more extensively. My handle there is the same: @crypto2day
Congratulations @crypto2day! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP