There are legitimate cloud mining companies and then there are scams and pyramid schemes. Make sure you are buying into a legitimate contract with a reputable firm. Two firms to consider cloud mining with are Genesis Mining and Hashflare Review.
Customers of cloud mining typically lease hashing power from a mining company that owns the hardware. Customers at Hashflare and Genesis can buy into a contract for a piece of the revenue generated during the life of the contract.
Bitcoin Cloud Mining Calculator Ltc Stock Dividend
Be aware that cloud mining may relieve you of the responsibility and risks associated with owning and operating actual mining equipment, but watch your investment like a hawk, make sure the terms of the contract are fulfilled. Make sure you receive regular payments under the terms offered in the contract.
Yet cloud mining does offer investors a way to participate in the mining business conveniently and still receive monthly returns. If you get your money back in six to nine months, the final months of your contract will be all gravy or profit.
Considering the constantly increasing costs of ASICs and GPU mining, cloud mining is quickly gaining traction. In cloud mining, miners can leverage dedicated mining facilities and mine cryptocurrencies.
Cryptocurrencies are best compared to a commodity, rather than a stock or bond. Companies earn profits which accrue to shareholders, and also pay dividends. Bonds on the other hand are tradable loans which pay interest. In the case of cryptocurrencies, their long-term value is based on scarcity and the fact that they have a finite or limited supply. As more people invest in a coin, or buy the coin to transact on a network, demand increases and the price rises. In the short to medium term, the price of crypto assets is driven by sentiment about the future demand for a coin. This makes cryptocurrencies speculative investments.
2ff7e9595c
Comments