Is bitcoin cloud mining worth it?
Bitcoin is a relatively new and exciting form of currency.
Bitcoin is starting to hit the mainstream now.
Why bitcoin?
There are many reasons to like bitcoin.
The main reason that I like bitcoin is because the Central Banks of the world cannot inflate its value away, over time.
You can certainly buy bitcoin on the open market.
You can also mine bitcoin, if you have enough computing power.
Bitcoin mining equipment does cost money.
One must also pay for the electricity the machine will consume.
Other then that, mining bitcoins is fairly easy.
There is also bitcoin cloud mining.
With bitcoin cloud mining, companies do all of the work for you.
For me, it was clear that bitcoin cloud mining was the way to go.
One must be very careful about selecting a cloud mining company.
Some companies out there may not be the real deal.
I decided to go with Genesis Mining.
https://www.genesis-mining.com/
This company was founded at the end of 2013 and has been around for awhile.
Genesis Mining seems to be the real deal.
Signing up with Genesis Mining is quick and easy.
As soon as they receive your payment, your contract will be added to your profile.
You immediately start mining.
Depending on your contract, you can either mine Bitcoin, DASH or Ethereum directly.
I prefer to mine bitcoin.
Every day of mining is processed.
One is paid after the mining day is over.
My recommendation is to purchase the bitcoin sha256 lifetime mining contract.
A 100 GH/s lifetime mining contact costs just $19 to get started and the contact continues onward for life.
My contract has a hashrate of 600 GH/s and is a lifetime mining contact.
The contract is currently earning approximately $0.17 per day in bitcoin payouts.
The contract cost was $114.
At this payout rate, in approximately 670 days or so, my original investment will be recovered.
After my original investment is recovered, everything after that is profit, for life.
With the following code at checkout, any user will get discount of 3 % on their package.
7OQyec
Enter this code above when you purchase your package.
Remember, the sha256 lifetime mining contract seems to be the best in my view.
You will also need a bitcoin wallet.
I decided the best choice for a bitcoin wallet was to use Coinbase.
With Coinbase, you can buy or sell bitcoin.
With Coinbase, you also have a web based bitcoin wallet.
Genesis Mining will need to know where to send your bitcoin payments.
You simply give Genesis Mining your Coinbase bitcoin wallet address.
After that, everything is set up.
Let the payments come in every day.
If you decide to go with Coinbase, if you purchase $100 of bitcoin or more, you will get $10 of free bitcoin.
Use the link below for this special.
https://www.coinbase.com/join/579b8a806b0de7044dd9b2e9
Good Luck and Happy Mining!
Tenzin