Re: Can somebody (profitably) get into cloud mining for a low cost?
I am still a bit skeptical on how great cloud mining is. The biggest part that confuses me is: why are people renting out the space instead of mining for themselves?
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
I've heard that genesis-mining.com is pretty reputable. To my knowledge, it allows you to buy GH for a one-time price. You get paid as long as what you're mining surpasses their electricity costs.
Is cloud mining even worthwhile? I just don't see how you could make a profit from it. BTW, I'm not looking to make big bucks off mining. I'm just looking to make a few bucks here and there without a huge initial investment.
Part of the reason I am interested in cloud mining is because I'm not too fond of the initial cost of mining hardware(ex. the $500 price of an AntMiner s5).
Any insight would be greatly appreciated.
Thanks!
you can trust cloudmining 100%
iam a member of cloudminr.io and bitcoincloudservice
if cloudmining have "real ghs/hardware mining" he can get profit from who rent his GHS
he can get money first, and use that money to build her bussines
and he get profit from electric cost
if cloudmining not have ghs/hardware mining he get more profit because he use ponzi scheme
Both of the sites you invested are ponzis.