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RE: Can you make money with Cloud Mining???

in #mining8 years ago

remember it is a w year contract so for example eth will likely be moving to pos from pow so no mining returns.

Even bitcoin could move away from mining which could change your roi significantly, also you are open to currency devaluation.

can you move your hashing power from coin to coin?

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Your limited to certain coins and ones that are compatible with the algorithm you have purchased. You can switch between coins. I think that is the only way to make money, but you need to be lucky and a few of the coins listed need to go way up in price to be profitable.

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