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:
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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.