Anyone using Hashflare? What's the best advice for it? SHA-256 v Scrypt? What about mining other coins on it? I'm curious, what do people think?
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Sha 256 is better than script, the hashflare company is not very profitable
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Cloud mining is not better than Buying and Hodling a coin for an year. If you buy BTC, eth, LTC,.. today instead of investing in cloud mining, you will end up getting more profit. Cloud mining websites and promotors wont show the reality that Mining difficulty is increasing parabolically and it makes mining less profitable.
Dont believe the youtubers and promoters, they are promoting it for the referral money. Most of them have no idea how to calculate the profit.
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Thanks for the info. I've only invested a very small amount (under $100 just to experiment with Hashflare). After the fact, people were now saying do not invest in cloud mining on youtube.
If the price goes up higher, I'll just manually re-invest the BTC I make back into the hash rate, creating a new contract (not clicking the re-invest button). I look at it like this, it's only $100. If the price of BTC goes way up, great.
As far as buying Crypto, I tried it with Coinbase and the purchase would not go through. I think my bank was blocking that site for some reason. Any thoughts on a site called Uphold.com?
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