Topic: Thinking about doing some Cloud Mining? Read this first (Read 4164 times)
Do the math and find out yourself, cloud mining often leads to a loss, either by the cost of purchase being redicilously high, or just them plain stopping the service.
Newbies should be thankful for articles like that.
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!
How are the GAW's Hashlets? I see people recommend them a lot. They are talking about 40% ROI from Hashlets. Are they really that good?
I bought my Prime hashlets whilst they were $16.00 and also some at $20.00 and $25.00 so I have already done well as the price has gone up to $50. Soon when they sort out all of the bugs they are having currently they will open up the Prime buy back scheme. Josh intends to pay 80% of the current selling price. So anyone that bought them in the early days will ROI instantly! As for now Zen's are your best purchase IMO and you will ROI with them as the pool pays well.
I did make my ROI on hashlets if i sell them on the market, but i managed to get it more because the market was new and i made some good deals. Buying cheap and extremly cheap from sellers making mistakes. I bought 6 Zen Hashlets for $13,33 in total, while 1 Zen Hashlet sells instantly on the market for $19,95 including 5% fee. So i can sell them for $ 19 each
I bought some legendairy for below $ 80 dollar and they sold for $99.75 (+4.5 fee for the buyer, so i get earned 95 for them)
I invested a total of 0.5 BTC in GAW and have 0.3 BTC in my account already AND i have 1 legend, some Zen's, some Waffle's and 100 GH genesis
So i can almost withdraw my 100% ROI, but i'm addicted to zencloud now
It does depend where you mine, there are some good ones out there.
As you said there are still some good options out there. People who are saying that Cloud mining is not profitable are just not entirely convinced about it yet. And cloud mining contract is really cheap and affordable for anyone.
It does depend where you mine, there are some good ones out there.
There's no money to be made in cloudmining, you can barely squeeze by mining yourself. However, with cloudmining, you are just investing in someone else's infrastructure with a small dividend over time that decreases with each payout due to difficulty.
There's a reason why cloudmining companies don't put a profitability calculator next to the "buy now" button.
There's a reason why cloudmining companies don't put a profitability calculator next to the "buy now" button.
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!
How are the GAW's Hashlets? I see people recommend them a lot. They are talking about 40% ROI from Hashlets. Are they really that good?
I bought my Prime hashlets whilst they were $16.00 and also some at $20.00 and $25.00 so I have already done well as the price has gone up to $50. Soon when they sort out all of the bugs they are having currently they will open up the Prime buy back scheme. Josh intends to pay 80% of the current selling price. So anyone that bought them in the early days will ROI instantly! As for now Zen's are your best purchase IMO and you will ROI with them as the pool pays well.
Good news, good news. I am gonna invest some more in that stuff and see what happens. If ROI is there I am there as well!
good read for sure
Good Article A+
A good reasoned article.
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!
How are the GAW's Hashlets? I see people recommend them a lot. They are talking about 40% ROI from Hashlets. Are they really that good?
I bought my Prime hashlets whilst they were $16.00 and also some at $20.00 and $25.00 so I have already done well as the price has gone up to $50. Soon when they sort out all of the bugs they are having currently they will open up the Prime buy back scheme. Josh intends to pay 80% of the current selling price. So anyone that bought them in the early days will ROI instantly! As for now Zen's are your best purchase IMO and you will ROI with them as the pool pays well.
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!
How are the GAW's Hashlets? I see people recommend them a lot. They are talking about 40% ROI from Hashlets. Are they really that good?
Wow, thanks a ton. That was an absolutely fantastic read that definitely cleared up a few preconceived misconceptions I'd had previously
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
I agree that it is wise to spread your risk, I have Gaw Hashlets and Ltcgear shares I also have 2 Antminers at home, I would do more hardware mining if the electricity was not so expensive!
Very good article, thx.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
Positively for you, the fees have come down at Ghash.io so perhaps you will be making something now
cex.io fees has reduced to average 35% at the moment, some fees even below 10%.. they make decent decrease in fees.
As of now the maintenance+electricity fee is 0.105$/GH.month (https://cex.io/maintenance)
The profit in the first month is 0.0004BTC, @400$/BTC it gives 0.16$/GH.month (https://mining.cex.io/calc)
Subsequent months have lower profits due to increased difficulty.
That is not a sub 10% fee.
Be diverse if you are starting in cloud mining, any one of them can go in any direction on any given day.
Spread out your risk.
Spread out your risk.
Informative article. I was thinking about starting cloud mining. Your post help me to take a decision.
well that article doesn't mean anything if you are going to GM cause you have BTC auto there...
Very good article, thx.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
Positively for you, the fees have come down at Ghash.io so perhaps you will be making something now
cex.io fees has reduced to average 35% at the moment, some fees even below 10%.. they make decent decrease in fees.
Very good article, thx.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
Positively for you, the fees have come down at Ghash.io so perhaps you will be making something now
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