Money Talk

1.814 BTC per day from cloud bitmining

Submitted by Sparky148, , Thread ID: 140638

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RE: 1.814 BTC per day from cloud bitmining

#20
Cloud mining in general sounds like a scam to me for 4 simple reasons:

1. There's no way to know if a cloud mining company is legit.
2. If they go bankrupt you won't ever see them again and you will lose your money.
3. They usually tie you up with massively expensive yearly contracts.
4. There's no guarantee of how much you'll make.

I've just started playing around with crypto mining and it is not hard but expensive and there are no guarantees which suck but the most profitable ways for mining are GPU and ASIC mining.

I'd rather buy a 3K ASIC rig that will yield about $50 dls a day than getting into a Cloud Mining contract.

Just my two cents.


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