Is cloud mining a safe way for investing your money?

Discussion in 'USMB Lounge' started by Lateralus, Mar 27, 2018.

  1. Lateralus
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    Lateralus BANNED

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    I'm curious to try but really don't know if it's worth it. Can you share with your experience please?
     
  2. Kognisjon
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    Kognisjon BANNED

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    In case of classic mining you need to spend really much regurarly for special hardware and software equipment, its delivery, also electricity, considering that you can rather often spend more than get from your mining operations. As an alternative cloud mining is based on using special company's service, users just sign up contracts with them and after this you don't need to invest so much money in building your own unit. You won't have total control for all your operations but it's a rather stable way for investing money in cryptocurrencies :20: But you should be very careful with choosing a company for your operations, sadly scam is a very widespread thing in this case. Always check their sites, information about domain and site owners, also reviews from other users. There are also special lists with already checked companies, as the best ones among them Hashing 24, Genesis Mining, Hashflare hashflarecode.com/ and Eobot are considered. But remember that the amount of money you'll get will highly depend on prices changes for cryptocurrencies, they're very unpredictable so during various months your 'salary' can vary really greatly.
     

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