When I was Introduced to the Concept of Mining where you don't have to spend money building up a Crypto Mining Rig, My First Reaction was "That's Awesome". I Thought it would be so great to earn Crypto Currencies by just paying for Hash Power and Enjoy the Returns. Companies like Genesis Mining and HashFlare were on the Top of the List for this purpose. And honestly, when I started with HashFlare I was overwhelmed by the Results. I was getting payments everyday and the End Result after the Yearly Contracts were Really Promising.
But.......
Things are not going how I Anticipated....
It almost turned out to be one of those Things which Wise people always advice others that "If it is Too Good, then its not the Real Truth". Well in the Case of Mining, its not that we are deceived in any way, but since the Crypto Market has gone to its all time lows, Investors like me are going to get almost the same amount of Money back which i have invested after a year!!!.
When I Started with HashFlare, this is how my Profits were suppose to be with an Investment of Around $5000.
Now It Feels like, You Risk Putting Money into a Setup, only to watch the values of CryptoCurrencies Drop. Even the Idea of Hoping that Bitcoin will Rise in the Future is not Satisfying with the Cloud Mining Investment Because, you might be Better Off Buying Fractions of Coins and Holding onto Them. Just like in any Other Assets, though, you Could lose all your money and thats true whether you buy Crypotcurrencies on an Exchange or whether you invest in a platform setup designed to Mine them for you. When the Bitcoin was on its All Time Highs, Mining Cryptocurrency felt like a NO-BRAINER. Today, with Bitcoin on the Lows, and Serious Miners making it harder for smaller miners with their Huge Arrays to Mine. Not to Mention the Difficulty is Hitting the Profit Margin Drastically. All These problems were Overlooked when the Price was Good. And still if the Price goes Up then Mining could make serious Profits.
Now This is How my Daily Forecast Looks Like !!
So as you can see, I was suppose to make around $16000 and Now I am going to Make only $3500. And that is Pretty much what I Invested in Bitcoin Mining Contract. So Basically I will get my money back after Keeping it Stuck for a Year.
Things can Change really good if Bitcoin Climbs Back to $15000 or More.
Another Major Problem with Mining Bitcoin on HashFlare is that the Maintenance Kills your Profits. Its better to Mine Ethereum as there is no Maintenance Fees on it.
After Doing Investments on So Many Platforms at the Same Time, one of Them Being the "BitConnect", where i Lost Everything, I realized that I Should Slow Down Now. In the Process of Slowing Down I started Doing Faucets as well because you get something for Free. Though you are not going to earn much in terms of US Dollar Value quickly but slowly gradually you can build up on your Earnings just like Steemit.
I am going to add all the Links where you can Join and Check out how it all unfolds. You dont need to Invest Money in any of them but still can slowly and Gradually build up your Earnings.
What I Do is, I Collect Free Crypto Currencies from all the Faucets and then Transfer them to a Platform called Eobot, Which is also a Mining Platform but you have an option of building your Hashpower Day by Day. Once you have Enough HashPower, You can Mine your Preferred Currency.
Also while you are collecting Free Crypto Currencies, you can Add CryptoTab on your Computer and Mine Bitcoin for Free. Again, you are not going to make too much using CryptoTab as well but, the plan is to transfer all this to Eobot to build your HashPower.
(Note: You can Also Mine STEEM on Eobot) Savvy.
So My plan is Increase my Hash Power on Eobot by Getting all the Free Currencies daily and once I have a good amount of HashPower then I will Mine STEEM and then Transfer that STEEM to STEEMIT and then.....
You Know what to Do then.
MORE STEEM POWER MEANS MORE PROGRESS ON STEEMIT, MORE MONEY AND SO ON.
But please keep this in Mind that this is a SLOW Process, so dont expect to get results in couple of weeks or so.
Also EOBOT, is in the Market Since 2013 and they have never Missed their Payments so they are Trustworthy.
If you feel that the Information I shared Carries some value then I would Appreciate if you Join using my Referral Link Below.
Even if you Join Directly, that's cool. I love you All. :-)
LINKS FOR EVERYTHING I TALKED ABOUT.
HashFlare Cloud Mining 25% Discount on All Purchases. Code : HF18TOTHEMOON
Eobot Free Cloud Mining Free Cloud Mining Service
Coin Pot Micro Wallet You need this to store your Currencies
Bonus Bitcoin Free Bitcoin Satoshi Every 15 Mins
Bit Fun Free Bitcoin Satoshi Once a Day
Moon Bitcoin Free Bitcoin Satoshi Every Day
Moon Litecoin Free Litecoin Satoshi Every Day
Moon Dashcoin Free Dash Coin Satoshi Every Day
Moon Bitcoin Cash Free Bitcoin Cash Satoshi Every Day
Moon DogeCoin Free DogeCoin Satoshi Every Day
And Finally
CryptoTab Bitcoin Mining While you use your Computer as Normal
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