In defense of the cloud mining sites
CLOUD MINING
Most people automatically think,"it is a scam", or "it's not legit"
I have been researching these sites for 2 months now, some longer, some shorter, and some that didn't make this list...
The following sites do indeed work as intended, require nothing to start, and have sent payments to my wallets.
https://scheriton.com/?ref=WwqRiY
This one let's you mine several at once, including gh/s
https://minergate.com/a/ae452199037f7cc763a03731
This site let's you use your phone or PC power to mine cryptos
https://www.eobot.com/new.aspx?referid=1049283
Around since 2014, this site let's you mine multiple coins at once, mine gh/s, and has a daily faucet
https://emining.club/[email protected]
This is the newest site I have found, it offers several coins and the ability to mine gh/s, but not simultaneously.
Thanks for reading!
Bro 3 other legit sites not in your list
These cost nothing to begin, I was simply throwing them out there. I have tried others, but they all have a minimum investment.
I've actually mined so I know. I broke even with my machines in 6 months. You constantly have to buy new machines "re-buys" to keep up with the difficulty level. NOT worth it unless you do it yourself where I did my own maintenance, etc... Today you need at least 100k to mine bitcoin; assuming you have found cheap electric and a place to warehouse the machines which need AC. These "cloud mining" places CHARGE YOU for all that! Which means your ROI/ break even point is years away. Just ask them what is my ROI? They refuse to answer giving you excuses "it's a dynamic environment" etc... BULL. I did it myself in 2014 with 10k. It took me 6 months to break even. I GUARANTEE YOU you will not get there in 6 months. ASK FOR ROI! They refuse? You know NOT to get involved.
I have been using these, I think I deposited some spare dogecoins for my initial hashing power, my balance grows, as does my gh/s as I mine for it too. I started on these and others just to see if they pay, and they do. I was simply testing the waters so to speak, with little or no money invested.
Eobot also let's me mine steem so that's an easy way to collect steem and other Cryptos.
I have found that on these sites, the lower priced coins mine faster than the higher priced ones.
That may only be glorified faucets labeled "cloud mining" but the balances do increase on a daily basis.
Payouts and increasing balances mean nothing unless you give me a % to what is being payed out to pay off your initial investment. If get a consistent payout of .001 BTC every day what does that mean? What is my initial investment? Deduct maintenance, electricity, re-buys, and constant difficulty level adjustments.
I need a breakdown of my ROI. Simple as that.
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