New to cryptos - looking for opinions on lifetime cloud vouchers
Hi everyone, my introduction to cryptos started with Doge, I bought some online thinking it would go up in value as the market grew and more merchants accepted it- it did, then it dipped back down not much later. Once I realized that there were other, non-novelty cryptos out there I found this site (http://coinmarketcap.com/). I was overwhelmed by how many there were, but from my limited research most of them looked pointless (my Fedoracoin wallet wont even update blocks 
). I took a primary interest in Bitcoin because it had the largest market and was the most well established (and was worth a whopping $500). I read a few articles which made it clear that since I showed up a little late for the show, my computer was now worthless for mining. When I looked up bitcoin on ebay to buy some straight up I instead found these lifetime mining vouchers where other people sell you part of the power of their machines. Without doing any research I bought ~32 GH/s and a 200GH/s 24 hour contract for probably $50 in total. Its been a day and I've made ~0.004 BTC (2 whopping dollars). The contract turned a negative of 3$, and the lifetime vouchers have only made me about 50 cents so far (I was slowly buying the vouchers over the last day so I only hit 32GH/s in the last few hours).
Before I get in too deep I wanted to get the input of more seasoned crypto-collectors. Buying mining capacity seems sort of like acquiring stocks in the crypto stock market, and at Cex.io I also get other forms of currency (Doge, Litecoin, Namecoin, and some others I know nothing about), maybe if I invest in some of these up-and-comers I can forgive myself for not calling Bitcoin a waste of time ~4 years ago.
What are your thoughts on these vouchers? I have a rule of not paying more than $2(USD) per GH/s, but enough small payments can add up fast, and at 50c a day my break-even time is gonna increase pretty quickly. What does the future of mining look like? Are we soon approaching the time when mining becomes a lottery game?
). I took a primary interest in Bitcoin because it had the largest market and was the most well established (and was worth a whopping $500). I read a few articles which made it clear that since I showed up a little late for the show, my computer was now worthless for mining. When I looked up bitcoin on ebay to buy some straight up I instead found these lifetime mining vouchers where other people sell you part of the power of their machines. Without doing any research I bought ~32 GH/s and a 200GH/s 24 hour contract for probably $50 in total. Its been a day and I've made ~0.004 BTC (2 whopping dollars). The contract turned a negative of 3$, and the lifetime vouchers have only made me about 50 cents so far (I was slowly buying the vouchers over the last day so I only hit 32GH/s in the last few hours). Before I get in too deep I wanted to get the input of more seasoned crypto-collectors. Buying mining capacity seems sort of like acquiring stocks in the crypto stock market, and at Cex.io I also get other forms of currency (Doge, Litecoin, Namecoin, and some others I know nothing about), maybe if I invest in some of these up-and-comers I can forgive myself for not calling Bitcoin a waste of time ~4 years ago.
What are your thoughts on these vouchers? I have a rule of not paying more than $2(USD) per GH/s, but enough small payments can add up fast, and at 50c a day my break-even time is gonna increase pretty quickly. What does the future of mining look like? Are we soon approaching the time when mining becomes a lottery game?