Cloud Mining Crypto's

in #mining7 years ago

I just signed up for a 24hr rental at Eobot. I see there are a few other Cloud Mining options. I'm going to mine STEEM too!

File Jul 13, 9 16 12 AM.jpeg

Has the difficulty level risen so high that cloud mining isn't worth it? If it is worth it, which provider would you recommend?

Is getting into a pool necessary or even an option for a non-techy?

Thank you for your thoughts,
Ben

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One downside, that I can see is you cannot withdrawal a bunch at once. I can see how that would stop a run on the bank, but there is no bank...there is no spoon...

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this is a 1 min chart, but look at that gap! i stopped mining steem for now. wouldn't it make sense to mine when price is up?

mine when price is low, to my knowledge, I'm not saying that it's so but i believe, if the price is low, there'll be less miners interested , meaning, that difficulty will decrease yes? take my mistake for example, i had 1000 chc last week, i sold it all due to it's low value, i didnt see it going anywhere even though my peers advized me not to let go. it was worth 0.05 last week now chc is worth 6.47. I hate myself

holy shit! what is chc? but yes, your reasoning makes sense

I thought you couldn't mine STEEM anymore.

yo check it: https://www.eobot.com/user/937066

I have it switching back and forth from steem and btc

I heard that Genesis Mining is pretty good in this field. I've never tried it so I have no idea.
How are you going to mine STEEM?

Genesis Mining is what i use along with Hashflare. I highly recommend the two of them. I love mining Scrypt on Hashflare, and Bitcoin on Genesis Mining.
If you guys want to start i can give you guys a small discount.

Hashflare

3%OFF GenesisMining Use promo code
2M8NiG

when i sign up i'll use your links, might not be for a few weeks. will u get a notification?

eobot told me i could mine STEEM :-// I'm not really sure, the number keeps going up tho...

Interesting. I'll check it out. :D

Your 24 hour rental, How much did you invest, what's your return so far?

well, i was just playing with the mechanics and switching between steem and btc for a bit then just steem, also half with the sha-256 and scrypt. so my controls would not be scientific. but where the rubber meets the street, i put in .001 btc and ending balance is .0096796 :-((( screw that! i'm going home

wait, you made a typo or you made $20 profit from your $2 investment?

oh yeah, .0009...screw that!

haha , didn't really trust that site, since the day I laid eyes on it. the only reason i was there, is for the mining software , there was a button to download their mining software, after clicking it, i had to sign up. after 10 minutes of time wasting i came to find out that it was only click bait...