Hey everyone
Enjoy!
Regards,
sunnydecree
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WARNING: If you sign up for a cloud mining service, you will lose most of your money as explained in detail here.
As mathematically proven in the above link, if you buy a 15Th/s contract and with a 5% difficulty increase each round, you would only receive 45% of the bitcoin from mining compared to just buying bitcoin directly. And that's just with a 5% difficulty increase per round. Over the last 3 months, the bitcoin difficulty increase has been around 11% on average so you would receive even less than 45%. Also, given the way the price of bitcoin is rising, you can expect even greater difficulty increases further reducing the amount you would mine.
If you want bitcoin, don't be a complete idiot by purchasing cloud mining contracts, just purchase bitcoin directly.
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The ones that are making real money off it is just because of referrals
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yes and no. I am not defending cloud mining,
You can make money if you invest alot of money. More than $10000 to make a $100 a day.
Referrals speed it up.
You probably will lost if you spend only a little.
But with 10000 get a dash masternode.
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That's exactly right and the maths prove that the mining isn't profitable.
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I will address your post soon. I really don't get it why you are allowed to spam incorrect information and not getting punished. Maybe the reason why everyone is powering down (including me) to leave this platform.
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I'm not"spamming incorrect information at all. What I'm posting is a warning about purchasing unprofitable cloud mining contracts. The information I've provided is 100% factual. Cloud mining being unprofitable has been a known fact since the the first cloud mining services began. The maths have never worked out in favour of those buying the contracts. What I'm telling people is simply common knowledge in the mining community.
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I'm still waiting for you to address my post btw.
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