Post
Topic
Board Mining speculation
Re: Is it worth me buying mining hardware right now?
by
kingcolex
on 01/04/2015, 00:21:52 UTC
Definitely no. Only large farm can afford to mine these days. If I were you, I would go for some PoS coins.

what about these cloud mining contracts?  Are there ANY that are worth it??
No not for just cloud mining, again it depends on your power price. I bought 4th/s of S4 on Hashnest (cloud miners)so when they're no longer profitable there I just pay shipping and have 2 S4 units sent to me, I have cheap power .06$ winter and .07$ summer. I can underclock the miners and continue profits, now if you have high electric it  won't be worth it and you'll just lose money.

Profit can be made from renting.  Depends how clued up you are.
That's true but then again there is the fee and if you're already getting a bit dated on hardware it's cutting close.