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RE: So Cloud Mining is a thing?

in #crypto-currency8 years ago

Just to clarify. You will not get 2 years of Eth mining. As Ethereum will move to POS later this year. At this point you will have to change what you are mining. Having personally used genesis mining in the past I would not recommend cloud mining. I have built my own mining rigs which will return 100% of my investment in around 2 -3 months.
In my opinion a much better investment, as I own the hardware which I can sell later on as well.

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Thanks for the feed back. Purchasing hardware vs. Cloud Mining is an argument which ultimately boils down to the a personal choice of budget. You would have to spend a significant amount to build a mining rig which provides more returns for the amount spent. I would agree that hardware is the better investment but convenience and simplicity is what cloud mining offers. ETH mining includes steem and not purely ethereum.