They are bankrupt? I didnt see it anywhere. Mining is no more profitable as the price is low and that is not enough to pay the maintenance fee. I saw this coming months ago. If you are a cloud miner, you

Hashflare was not profitable for whoever invested after Jan 2016. No regrets for people who invested in it without doing research or followed the youtubers. Buying coins directly is always the best way

Not sure what do you mean by you "calculated it". In your calculation, did you include the 40 percent average mining difficulty every month(per 2017). Meaning every month, bitcoin generated through

Nope. Thats what my whole point is about. Cloud mining wont help you to earn more bitcoin. If you buy bitcoin, the count wont change. If you invest in cloud mining, you will end up getting less bitcoin

Well, if there is going to be a "Big Summer bull Run" Isnt buying Bitcoin directly now and storing it safely for 1 year the easiest and most profitable option? Why are you recommending people

Well, 8 months after this steem, History proved the article is wrong. Bitcoin dropped massively after Dec 2017 and Difficulty kept on increasing. In the past 4 months, Bitcoin dropped from 19k to 7k but

Not sure whether you are still active in steemit. Though the post is old, i dont understand your calculation of Scenario d. If you reinvest everything you mine in the first 12 months. You wouldnt have

You hear good things about it because they give good referral bonus for people who bring in new money. I dont think they are scam but i see every investor in Cloud mining as either a scammer or fool. Cloud

As you are mining SHA-256, hope you are aware that by Jan 1st 2019, your hashflare account should generate 0.036BTC in profit to break even. Anything less than 0.036 BTC is going to be a loss as directly

What makes people think that institutional money is going to change everything? Aren't they smart enough to buy coins Over The Counter. In that case, price is not going to make moves. Also, they are not

RBI is wise enought to not to ban it. Instead they made it difficult to use. Bringing inr into exchanges and taking inr out of exchamges is goes to be stopped. So new people will stop investing and existing

I understand you are trying to make a positivity out of RBI's stupidity. RBI report mentions a central bank digital fiatcurrency( like the ones considered in sweden, urugway and UK). Countries consider

I disagree. Crypto cureencies helps people to go off the government records as they are decentrelized. Black money cannot be controlled/accounted using crytocurrencies. Instead government can benefit by

I dont think rbi announced any crypto based inr. They are planning for a Inr based digital currency. It could be no where related to crytocurrency.

Well said!

I think you didnt read it correctly. I am not describing a new scenario. i am pointing out the massive calculation mistakes in ur post. You mentioned "You have researched and found out it is still

Coinwarz dont include increasing difficulty level in its calculation as it is unpredictable. Bitcoin difficulty increased 39%(average) per month. Though it is expected to go higher year by year lets assume

Cloud mining is not better than Buying and Hodling a coin for an year. If you buy BTC, eth, LTC,.. today instead of investing in cloud mining, you will end up getting more profit. Cloud mining websites

Yes it is true every time. I am yet see proof of someone who earned more through CM(without referral bonus) than holding, in the same period of time. Difficulty decrease is such a rare occasion that you

My point is if you buy the coin directly instead of buying hash, you would get more coins and your profits would get multiplied due to price increase. Instead if you get a contract, you would end up getting