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RE: Daily Bitcoin payments for Eternal Life contract from Genesis Mining
I done some calculations of their contracts,so if i buy let's say any starter pack,or anything,i will get my money back in 2 years.Maybe i get lucky,so price goes up and i earn something.One thing i did not understand,i could not find info there,and this is;why spend 30 USD on a starter pack,or more for premium,and mine,let's say litecoin?? I will take my 30 USD and go on exchange and buy directly litecoin and hold it until price goes up.I don't get it.Why this cloud mining exist??
Cloud mining exist for those who want to mine coins without doing all the work in hopes to ROI. I prefer Hashnest since you can sell your hashing power or redeem actual physical hardware when the cloud mining contract is no longer profitable.
FranksIn©
if you can hold it for 4 years, then its better to hold it for 4 years, but my experience is the average person does not have the willinginess to buy and hold liquid crypto for 4 years. With genesis mining there is always a payment everyday, that's much easier than holding