Cloud mining VS Home mining
Part 1. Disadvantages of home mining
It is not only technically difficult but requires significant investments to assemble your own farm. You may rent capacity from large mining companies instead to avoid risks and work input. Nevertheless, disadvantages of this method are up for discussion since long time ago. People say that the whole cloud mining industry is too full of risk and deception, and well try to sort it out.
You're right in the sense that setting up mining rigs and all that within your home is a very intensive process, that not a lot of people are able to have the professional know-how to carry out. You're also right in terms of the investments in hardware that you need to make.
But I don't think that these issues can be resolved simply by switiching to using a cloud mining service - if you do go down that route, you are simply adding way too many risks onto your investment, that you would not encounter if you mined yourself.
For one, you don't know if the company that you have put your money in has actually passed it onto spending it on actual mining equipment. You also don't know whether they are running a pyramid. Furthermore, most contracts that are sold in the marketplace are structured in a way which benefits the mining company, not you, in the long run due to all the maintenance fees and all that.
On your site you mention these benefits:
- Automated capacity rent
- Automated capacity rent
- Block chain analysis for the best possibility of finding blocks
- Quick response to capacity market changes
- Automated capacity price regulation
Why is "automated capacity rent" repeated twice, and what do the others even mean?