Don't know if this is really considered a passive income, but I run a couple of websites that earn me some affiliate income plus some Google Adsense revenue.
I do have to keep them updated to maintain a high number of visitors.
My only really passive income is from cloud mining
So the cloud mining actually works and is not a scam?
Cloud mining is a scam. No doubt about it. You will never break even.
not exactly never. if the mining operation is legitimate, meaning not a ponzi scheme, you should eventually ROI after a long period of time, maybe around a year. however, it is true that it generally is not profitable, given the long ROI time and high maintenance fees for the service.
I've done my research and went with Genesis-Mining, they've proved that they are actually mining and are actually very transparent about their operation.
And yeah it's true that it will take a long time to make any ROI, but my results so far are pretty positive.
Ok, show me how can you ROI with them, in what universe. Pls share with us what you have purchased, at what price, also pls calculate moderate 10% diff growth. We all know it s gonna grow at least twice as that but you can be much more moderate. Then share your figures with us and if I m wrong, I ll apologize.
YOU CANT MAKE MONEY WITH THEM CAUSE THEY SELL BS PRODUCTS.
Well I can't predict how long those lifetime contracts will last, so I would have to get back to you in a couple of months.
And my point was that Genesis-Mining and a few other cloud mining services were not a scam,
NOT that they were a good investment.
FYI, I invest in cloud mining with the prospect that Bitcoin will be significantly more valuable in the future. OK, it might be a better option to just buy Bitcoin and HODL, but I personally like my approach better.
If you are into legit cloud mining. I would suggest you hashnest instead of genesis mining. Not that genesis mining is not legit, they are well knowned and make a good job, but you will have less fee with hashnest and more profit.
Still...Invest where you think would be the best to suit you, both are good.
Yeah Hashnest would be my second option, but I was under the impression that Genesis-Mining was slightly more transparent about their operation. You're completely correct about the fees being very high though.