IS BITCOIN CLOUD MINING A GOOD INVESTMENT ?
Well, the answer is yes and no. Since the mining difficulty of bitcoin has increased substantially in the last few years, mining at home using bitcoin mining hardware has become unprofitable for individuals as they can not compete with large international mining operations that own warehouses full of bitcoin mining machines.
In terms of bitcoin cloud mining, since the price of bitcoin has continuously increased in recent years, cloud mining contracts have been profitable investments and will stay profitable as long as bitcoin continues to gain in value. Having said that, historical data shows that investors who simply bought and held bitcoin made higher returns than those who invested in bitcoin cloud mining contracts.
Hence, it is up to you to decide whether you prefer to invest a larger amount once to then receive smaller daily or weekly bitcoin payouts “indefinitely” or do you prefer to buy and hold bitcoin and benefit purely from the capital gains of the digital currency?
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Living in Hawaii, Cloudmining is easier since the State passed vault laws for exchanges that drove out coinbase and other exchanges. So with no coinbase here, cloudmining is the easiest way to get my hands on cryptos. Also smash the faucet hubs.
I do not agree with your opinion, if cloud mining is a good investment. In my experience I lost a lot of my money in cloud mining :(