Why YOU should cloudmine
At the beginning, I mined at home with my computer. But the computer took a lot of power. I always had to have an eye on the profitability with the electricity costs and the computer was making sounds. On top of that, the computer got really warm and the whole apartment got heathen.
In conclusion, it was a bit stressful.
- By the Cloudmining you just buy Hashpower and the Servers runs.
- You don't hear any noises and it doesn't need any maintenance.
- On top of that in many countries, it is more profitable because of the electric power costs. (Most of the Mining Farms are in Island because of the cheap power they have)
- Another point is you don't need a room or a place for it.
- An advantage is also that you don't have to buy a miner and set them up. You just pay and everything is prepared for you.
For sure there are also disadvantages.
- Mostly you buy the hash rate and the miner runs on 1 specific currency. So you can't change it on another currency if you want.
When you have your own miner at home you can change the currencys. - Also if you live in a country where the power costs are low you will get more earnings
You see there are advantages and disadvantages but if you decide to Cloudmine here are some Companys I already use.
- Genesis Mining: https://www.genesis-mining.com
- Appolon Core: https://apolloncore.com
( What I really like about Appolon Core is that they mine always the most profitable coin)
There are many other Companys they offer cloud mining, just be careful there are also a lot of scams.
So take your time an read information about it beforer you buy anything.
Tell me in the comments if you recommend any other cloud mining company.
Also left me a comment if you already have experiences in cloud mining.
Currently I am using Hashflare
Based on current profitability there is approximately a 215 day ROI if you don't reinvest on SHA-256 mining, which is only slightly longer than if I mine with my own equipment on Nicehash.
If you are more advanced with your mining knowledge or want to make a little more, you can buy or sell hash power with nicehash as well.
Mine for yourself with Nicehash
Or sell your hash time
I have heard a few bad reviews about Genisis, so I'd be interested in knowing what your personal experience is. I'll look into Apolloncore.
A nice, I heard a lot about Hashflare but I never tried it out.
Yeah that's true Genesis has some problems with the payouts. A month ago they made payouts every day now it's only every 3 days. They got some problems with it but I think they will fix it. And as fast it came so fast it will leave again. We will see. But if I get all my earrings what till now I got then I'm happy.
In Genesis the best currency was Dash there I'm now by an ROI from ≈ 180 days in the average.
That's not too bad for an ROI ... maybe I'll look into it.
Yeah if you want I can show you the whole excelgrafic I made with all the earnings.
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STOPTLDR: Just invest in the coin itself. Profits are higher than cloud mining.