Wednesday, April 30, 2014

Before you buy Cloud Mining

Why would a company sell already bought hashing power to someone else without making 100% bitcoin profit mining it alone. It doesn't make sense at all unless the seller is trying to sell it for a highly over priced amount or scam you.

Some companies say that you can trade the bought GHS but even then bitcoin difficulty rises and GHS drops in value very fast. Unless you are a good short term trader GHS trading is a ripoff. This apply to mining as well with increasing difficulty you will get lesser returns for your GHS plus increased maintenance fee.

Just my thoughts, Please do proper research before you invest in cloud mining.

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