Bitcoin Questions and AnswersCategory: QuestionsETHERIUM CLOUD MINING SUGGESTION

BRYAN EUSTAQUIO asked 2 years ago

Hi There,Can you suggest profitable cloud mining with ROE of 3-4 mos?I`ve tested , I invested 3.50 USD for ETH mining last year before btc halving… and until now they still paying.. my contract of 0.1 Mh/s is about to expire. well my 3.50 USD became 23USD after 11 months.Thanksbryaneustaquio

1 Answers
Ofir Beigel answered 2 years ago

Hi Bryan,
I suggest to avoid cloud mining altogether. It’s better to just invest your money in buying the coins. Let’s take your example of making 23USD from 3.5USD with mining ETH.
Assuming you would have just bought ETH for 3.5USD 11 months ago when ETH was $11.85 you would have now had 65.56USD.
Just something to think about…
That’s why I never recommend cloud mining. It’s just a way of making you earn less if the price goes up and lose everything if the price goes down.

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