Hello steemians, did you ever invest in cloud mining? Is it profitable to invest in it?Well today I'll try give some ansvers.
Generaly mining is almost everytime profitable,but there are dozens of cloud mining services which are offering different opportunityes so it's hard do tecide where invest without any investment before.
I invested some money in hashflare.io which was one of oldest CM service which is working almost 4 years, but was it worth it?
My investment in hashflare was 700 000 sat, I bought 12 MH scrypt mining and it was giving 4000 sat every day, but this mark was decreasing and now its aprox. 2500 sat/day so it's not to bad cuz BTC price but there is one but, you are buying hashpower for one year, that means after year you will loose your invested money and that's not good,any way you will return 1.5 - 2x your BTC investment so it's worth it,if you are buyng hash power with USD or EUR it's definitely worth cuz you always get more profit with usd then with BTC
Nice article, Ano! But IMHO the best way and the most reliable one - find the gems (fundamentally strong projects which have strong team, a product in the mind to solve an important issue with high utility value). Ideally, it should have a reasonably deep moat vs. competitors. This is the recipie for success! Earlier or later the market will recongize the value of the project and will award you with immence profits. Real life example, RLC token (iExec) >+100% today! This pick was included in our portfolio yesterday and published here https://steemit.com/crypto/@p2port.com/crypto-portfolio-high-quality-crypto-assets-for-long-term-growth-created-on-11-january-2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Absolutely agree, that's right,my vision is investment diversification and finding awesome projects like Steem or Cardano, but other side there always will be mining and it's always frofitable,unprofitable mining will kill almost all coins :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We tried to find investment thesis in Cardano but failed to get any reasonable evidence to prove its current market cap. Could you pls provide your opinion on why it is still interesting to hold Cardano tokens?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 0.81% upvote from @upme requested by: @anonimous.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit