Topic: What company should I invest in for Bitcoin Cloud Mining? (Read 162 times)
I would advise against that. Mining is a very big investment decision to take. Rather buy some precoin after your due diligence.
If you are not looking to buy bitcoins, you may even want to mine them. While around 80% of the crypto currency has been mined already, there is a good 205 remaining - and you might want to cash in on that.
There are a few companies you can use to mine cloud Bitcoin. Hashflare is popular among many miners though it comes with a 5% high withdrawal limit. It is also user friendly.
You can also use Genesis mining which offers Monero cloud mining contracts. Minergate is suitable for cloud mining but the payout rates are around 12.5% lower per th/s than Hashflare.
Bitcoin.com Pool is also a good option to mine.
There are a few companies you can use to mine cloud Bitcoin. Hashflare is popular among many miners though it comes with a 5% high withdrawal limit. It is also user friendly.
You can also use Genesis mining which offers Monero cloud mining contracts. Minergate is suitable for cloud mining but the payout rates are around 12.5% lower per th/s than Hashflare.
Bitcoin.com Pool is also a good option to mine.
Always better to just buy the coin than it is to do cloud mining. Future mining profitability depends on dramatic price appreciation and, of course, if you hold the coins directly in your own secure wallet than it is almost impossible to get hacked. Contrast with cloud miners who are fly-by-night operations, may be outright scams, and even those with the best intentions can shut down overnight for practically any reason.
You shouldn't invest in any Cloud mining. There are many risks such as slow ROI, unstable bitcoin price, increasing bitcoin mining difficulty and block reward halving. Furthermore, there's risk the cloud mining is a scam, change their Terms of Condition or hacked.
^^^
Don't invest at all, even when you think a little about bitcoin cloud mining service and how much power, money,etc.. you need for a bitcoin mining farm, you'd see that it's absolutely not profitable. It used to be tho.
Here's a test for you OP, find a few cloud mining services, in service section here, and monitor them for a month or two. I can guarantee you that a majority will become unavailable within the first month or two. That time's passed, maybe only some alt-coin cloud mining services, but bitcoin ones no.
You shouldn't invest in any Cloud mining. There are many risks such as slow ROI, unstable bitcoin price, increasing bitcoin mining difficulty and block reward halving. Furthermore, there's risk the cloud mining is a scam, change their Terms of Condition or hacked.
^^^
Don't invest at all, even when you think a little about bitcoin cloud mining service and how much power, money,etc.. you need for a bitcoin mining farm, you'd see that it's absolutely not profitable. It used to be tho.
Here's a test for you OP, find a few cloud mining services, in service section here, and monitor them for a month or two. I can guarantee you that a majority will become unavailable within the first month or two. That time's passed, maybe only some alt-coin cloud mining services, but bitcoin ones no.
What company should I invest in for Bitcoin Cloud Mining?
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