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RE: How to earn passive income mining cryptocurrencies | How I easily built a passive income of $1300 monthly in 10 months
What about when Etherium moves to Proof of Stake, like is planned? Won't that make the mining contract useless? Proof of Stake looks like it might be the future of crypto. Could that render your investment worthless? Really interested in investing in this, but with Proof of Stake looking like it might become the dominant player, I'm a little bit hesitant.
Great question. I don't know the answer, but I have forwarded it to an expert. I will get back to you.
This is the answer I got. So no wories here :) The mining package never becomes useless since it is MultiMining. Multiple coins offered for mining. If ETH mining no longer is profitable, we'll take it out of the multimining package and your mining capacity can be allocated to the other coins.
We are not selling investments by the way, but mining packages which include equipment and managed services.
Great, thanks for keeping my question in mind and getting back to me.
You're welcome. A promise is a promise!
It may become useless, if proof of stake does turn out to be the future of crypto. It is far "greener", but a transition for all coins certainly won't happen within the period of your mining contract, so I think you're safe there.
Time will tell!
Ha, I feel that coins are going to stay here, Proof Of Stake is a terrible idea, I would rather just mine stuff, gives me a use for spare hardware and makes money. Proof Of Stake basically screws that. I would stop using crypto if i couldnt mine it