Ok, i am trying to understand the logic behind using these online cloud mining operations for crypto investing...
Just going over the profit calculators you have to wait tell nearly 200 days to break even, but that is if the diff stayed the same which it doesnt.. the diff seems to be doubling every 100 days roughly... cutting the earnings in half roughly... so after all those estimates on diff changes, it would put the break even point around 1yr out, then the following year you would make 1/6th of the money you invested in that contract...
So could someone explain to me what im missing... it seems people are so tunneled on those calculators and not realizing things change... over time.
Just bet btc price rising
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
heck you could make more just buying btc when its lower and selling on the high swings over time lol... thats what i do.. make $20-50 bucks per trade
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @storxusmc! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit