How worth it is it to invest in cloud mining?
I have been recently been extensively browsing the internet looking for the best ways to make money using cryptocurrencies. I have found some preety interesting ways mostly consisting of mining and trading. However I'm really intrigued with mining due to it's seemingly low effort and sort of high reward. I was wondering what other people thought about cloud mining in websites such as genesis mining and hashflare and wether or not you thought it was worth it.
Thank you!
It's a pyramid scheme: you are going to make a profit only if you have many many referrals. Keep in mind that the difficulty of mining coins is always going up so it's very difficult making a profit with those companies.
I followed you :)
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