Do You Have to Understand Crypto Mining to Invest in Cloud Mining?
The year was 2013 and three of us were driving up to 1770, Queensland for a fishing trip (which ended up being an epic adventure to be told another time) and my super geeky friend was telling us about how he and a buddy had figured out how to mine Bitcoin using graphics cards.
My first question was “What the F&k is Bitcoin? And my second question was “What the F@K is mining these things doing for you?”
So, after a few minutes of listening to a highly technical description of blockchains, transactions, fractional coins and graphics cards, I was having a hard time getting my head around the concept.
“So what do you do with them?”, I asked.
The reply was pretty nefarious, so I’ll keep that out of the discussion, needless to say it involved the Tor network and access to various other online activities.
The conversation then moved on and I only ever thought about Bitcoin again when I heard it mentioned occasionally over the next few years.
Now, of course, I’m kicking myself as I would have been a crypto-millionaire had I paid closer attention to this slowly growing new asset class and started investing back in 2013.
Okay, so now I know enough about cryptos so know I want in on this action!
Am I a computer geek who builds my own machines? No.
Do I know the best video cards for mining, how to set up Linux software, and join mining pools etc? No.
OK, so how can I get in on this game?
The answer; cloud mining.
So, a quick search on “cloud mining” and you’ll find sites like genesis-mining.com and hashflare.io; two popular cloud mining sites.
Yes you can set up an account and transfer either cash or cryptos and start your very own “crypto mining” company, or something like that any way.
Then, after doing some more research, I discovered some other online crypto trading companies.
There are several, but I’m currently testing Bitconnect.co and USI-Tech.info. Again I’ll do some specific articles on each, but in general these sites do both mining and crypto currency trading using software to go out and buy and sell using a specific algorithm they have designed.
I’ll be showing some examples earnings and reviews of the sites I’m testing over the next few weeks/months to see how it all goes, so make keep checking back occasionally for the updates.
Yes there are claims that these system are all scams and ponzi schemes, but from everything I’ve seen and experienced so far, these systems are currently paying out, so I'm in it to win it and grab what I can now!
This is NOT investment advice, but you should never invest in something with money you cannot afford to lose.
Think of it more as betting on a horse and if it wins you win, if it doesn’t, hopefully you had some fun watching it run around the track.
Once the profits start coming in, then you might change your mind about exactly how these investments can change your life.
I recall watching one of the first videos Craig Grant put out about Bitconnect.co asking if it was a scam, but a few videos later he was extolling it because he was making $$$!
So you don’t need to be a cryto-genius developer to get started making money mining/trading cryptos, you just need to get started today!
The links below are my affiliate links, so if you found this article helpful, please consider signing up via my links and we will both end up winners.
Or Use my discount code to receive a 3% discount if you already have an account – QtpiUz
Best cloud mining platform ever was hashocean....lol. But really doesn't it take months to see actual profits from cloud mining? I am unfamiliar with some of the companies you listed but i will check them out.
i'll do some posts about specific payouts, but yes the current break even time in genesis on my investment is approx 5 months, so yes it takes awhile to make a profit. I heard the hashocean story but these have been around for over a year now
I maybe wrong but hashocean was around awhile before the ran away with everybodys money. Ihave heard lots of good things about genesis. Look forward to your newer posts.
I've being mining with Genesis for a long time now, and I have to say that it brings me about 25% of my investment monthly.... Isn't that a great investment!
I heard about Bitcoin maybe in 2009 but I thought it was a game or an internet arcade or poker token or in-store for-credit kind of coupon or discount at certain places online only or only a limited amount of stores or whatever. I was 24 years old in 2009. I have heard a few times since then too and I bought some finally about a week ago. I am now buying other crypto too. It is never too late to get into the business and everything.
Exactly! Good on you for taking the leap to get started...I doubled my money in Etherium in 15 days! But have been watching it slip the past 2 days...doh! Got to be in it to win it!
Etherium, like Bitcoin, will rise BUT SLOWLY in the next ten years or more.
The smaller coins will continue to go up and down a lot faster than the bigger coins.
It is easier to profit more from the smaller ones maybe I am guessing.
The bigger coins are like turtles or snails in a race with rabbits.