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RE: Minergate Report #18-The return
Hey, I know a friend is using Minergate, too.
Is monero more profitable than Bitcoin?
I'm cloudmining too, but these days it's very hard, so I've focussed on mining ICOs, where you buy tokens instead of buying a contract. So this income is lifetime (so long mining is profitable and you hold these tokens). Holding these tokens means profits receiving from mining. If you dont want to participate in this mining, you can sell these tokens like normal coins, because they have a value like Bitcoin or Ethereum. I've written some reviews of interesting mining ICOs, if you are interested.
And nice to see, you are using Mannabase too like me :)
Well Marco it depends on the mining setup. I am currently using only cpu for my mining. Bitcoin has a high share mining difficulty due to the number of miners mining it. Whereas Monero had a recent fork that had made bitmain Monero miners obsolete. Lowering the mining share difficulty significantly making it more profitable for lower tier miners. Regarding ICOs their has been alot of scams regarding ICOs so I am staying away from them as much as possible. And I will give your posts a look at :)