Money Talk

Do you guys cloud mine?

Submitted by malthehensberg, , Thread ID: 78920

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RE: Do you guys cloud mine?

#8
Nope, Cloud Mining is far less profitable than mining at home. There's a usually guarenteed hash rate or power to them, so you'll always earn X amount of token per day (but mining difficulty and things like that will change).
There's a lot less risk, but at the same time a lot less profit, as the companies that are running these mining operations would be able to make far more money than they're giving out if they just used these hundreds of mining servers and nodes for themselves. If they're giving out money for you investing money, they have to be making money somewhere. If they are making money, it's on the profits, and when they're taking from that, you're going to get far less than you'd hope. It's much better just mining at home if not at all.
The most profitable form of Crypto is likely trading. Find a good and promising ICO that you can invest into imo
"It never hurts to keep looking for sunshine" - A. A. Milne

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