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Should I try cloud mining?

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Money Talk > Crypto Currencies

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Should I try cloud mining?  Reply with quote  

I want to try earning money with cryptocurrencies and I'm thinking about cloud mining, maybe anyone has an experience with it? What can you recommend me?
Post Fri Apr 13, 2018 12:55 am
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Cloud mining is a good strategy for earning money with cryptocurrencies, however everything depends in this case on certain company with which you sign up a contract. Comparing with classic mining you won't need to build your own unit, spend much money for electricity, hardware and software equipment, all that things will belong to the companie's service, you'll need only to pay for it On the other hand you won't have total control for your cryptocurrencies operations too and considering that your general profit can be lower than in case of simple trading and buying strategy http://techglamour.com/cloud-mining-advantages-and... . Also I should mention that cloud mining is the best for long perspective investing, it's not so fast in earning money as some other strategies. As the best ones among companies for it Genesis Mining, Hashflare http://hashflarecode.com/ , Hashing 24, Eobot and Hashnest are considered but all of them have various terms and conditions so check them firstly before signing up a contract. There are much more cloud mining companies too but I won't recommend them because scam is an often thing here and it's easy to lose all your money with an unknown firm. An of course your profit will be always connected with prices for cryptocurrencies and they change really fast.
Post Fri Apr 13, 2018 6:36 am
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Nice post.
Thanks for sharing.

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Post Mon Dec 23, 2019 12:00 pm
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Cloud miners become participants in a mining pool, where users purchase a certain amount of "hash power." Each participant earns a pro-rata share of the profits in proportion to the amount of hashing power rented. you'll have to pay to rent these miners, and mining pools can also take a cut of your profits – but it can be worthwhile. Yes, but users have to be very careful since there are Ponzi schemes in many companies dedicated to this —actually and sadly, in almost all of them, which means that they are not trustworthy. The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.

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Post Fri Jan 21, 2022 4:26 pm
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When I heard about bitcoin, I immediately started looking for ways to make money with it, but I didn't like the idea of mining cryptocurrency. I saw one project on the Internet where crypto trading bots make cryptocurrency trading automatic. With it, your investments work non-stop to bring you earnings. [/url]
Post Sun Mar 27, 2022 5:07 pm
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This mining method is more friendly to people who are not technically proficient. It's also a good mining option for those who do not wish to run and maintain hardware and related software. Cloud mining is of great benefit to miners. However, it is also becoming a field ripe with scams.
According to data published on ASIC miner value, with the new price of BTC, even the old Antminer miners, which used to reach a maximum of 11.5 TH/s, have become profitable. The Antminer S9 is reported to be making less than $3 per day per machine, while the older versions are reportedly still making a loss.
Post Tue Apr 12, 2022 1:26 pm
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