Quote from: Fkleppe on February 22, 2018, 07:49:19 AM

This is the original article: https://medium.com/@BinanceExchange/the-real-data-behind-genesis-cloud-mining-e4d54f8c1170

This article breaks down some of the problems and gains with cloud mining. Found it and thougt I should share it!

If you need help getting started with Cryptocurrency, you can read here: https://medium.com/@BinanceExchange/a-must-readbeginners-guide-to-getting-started-with-cryptocurrencies-6b88d66f215

You're not taking into account the possibility that:

- Ether could crash
- Ether mining difficulty could spike over time and result in your returns per day going down
- Your contract terminated because of the combination of these two factors which results in your maintenance fee being unable to paid back.

The thing is, your cloud mining contract will always start off well and over time, as difficulty increases and mining rewards essentially lessen, you're going to be making out most likely a loss at the end of the day.