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RE: Is it the right time to invest in (cloud) mining?
I tried cloud mining with Nicehash and luckily didn't lose too much when they were hacked. Found it difficult to make a profit. I think I would rather invest in the equipment and do my own mining, at least my coins would be safe and it seems better value for money.
Totally agree
Why would I pay somebody else to do work I can do.
Unless I really can't mine for some reason?
But personally, living in China, and paying about 4c/KwH and being able to buy GPUs for 200 dollars cheaper than Amazon, it's a no brainer to get into mining LOL
Heck, if I get a decent set-up, I might start offering some contracts for crypto xD
I can just tell you that I invested almos 0.06 BTC into Hashflare (of course with a good BTC Price 11 days ago, which makes a difference in how much Hashpower you can buy) and I have now almost 0.005 BTC on this plattform.
So after 132 days I am even and if you think about the contract going for a year and calculate with fees and invested time I will double the amount in BTC. If this does not crash, everything is okay at using Hashflare...
i will multiply this answer so that everyone sees it because there are some similar comments.