You'd make far more money directly investing into Bitcoin, unless you plan on racking up thousands of referrals.
The only way you make money with these programs is by referring tons of people, which is something the big YouTuber's always tend to leave out of the equation, so invest with caution.
How did you come to that conclusion?
I have looked at a lot of those videos on YouTube and you can see in their dashboard how they are making their money. It does not seem to be mainly from referrals. So, how did you arrive at that idea?
So take the same money you are putting into HashFlare, and put it directly into Bitcoin. No referrals with HashFlare, and which one will make you more money over the same period of time?
I think the answer to that is both because Hashflare pays out daily which means I'm getting more bitcoin every day. With a break even point of about 2-months I would have my initial investment back and get more bitcoin every day.
You would make more money just buying and holding Bitcoin.
It's one thing to say that but how did you come to that conclusion?
I have looked at a lot of those videos and you can see in their accounts that the majority of their earnings are not from referrals so I'm wondering how you came to that conclusion.
Have you tried cloud mining before or are you just repeating what you have heard from others?
If cloud mining is so profitable, why doesn't everyone just use it instead of investing directly into the cryptocurrency of choice?
Proof that it's shit:
Every single bitcoin in existence was mined into existence. Everyone is doing it. That's why most websites offering cloud mining are sold out.
Saying why isn't everyone doing it does not answer the question is it worth it. It's worth owning a home as opposed to renting but not everyone is doing it even though they should. That does not make owning a home a scam.
So far, everyone I talk to that is doing it except for one person has been happy with the results.
Mining bitcoin, while the price is going up and getting your initial investment back, means you should make more profit. But it's not just the total profit that interests me. It's also the passive income.
Though I just saw that they raised their minimum withdraw limit to .2 BTC which pretty much kills the idea of daily payments.