Post
Topic
Board Service Discussion
Re: Question regarding various cloud mining services
by
BrendonM
on 03/09/2014, 06:52:24 UTC
As noted above if you see mining in MH/s it's using the scrypt algorithm (like LTC/Doge).  If you see something mining in GH/s or TH/s it's SHA-256 (like Bitcoin).

Please read this before investing any further into cloud mining:
https://bitcointalk.org/index.php?topic=739510.0

My advice, and this is just my opinion, sell your hash on cex.io, cash out the bitcoin, buy some more bitcoin on an exchange, and move it all to a cold wallet.

If you want to make money - do it the old fashioned way.  Learn to provide a service that can be reimbursed in BTC.

Is mining generally unprofitable because after a certain amount of time the difficulty makes profit impossible?  Or is it simply inherent to the nature of mining itself?