Cloud mining is NOT profitable

By @jaka877/15/2017cryptocurrency

Dear Steamers!

While reading articles or watching youtube videos you can often see affiliate link for all kinds of cloud mining services. We hear it so many times that it gets build in our subconscious and we actually think that this might be good idea. It almost happened to me as well. Luckily i read some articles warning about this and changed my mind.

To keep it short without going into technical details wich (you can find all over the internet).

Just think about it. If you are to earn more than you pay for contract why would they want to sell this kind of service? Why not just mine for themselves and sell the coins? You could say that they want to take less risk and keep smaller but guarantied profit, but to me this just says they don't believe in crypto strong enough. In ether case we are the suckers.

My advice is to rather buy the coins, but if you really want to mine buy your own equipment and start small.

Good luck to you all.

4

comments