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RE: Cloud Mining - with who and whats currently the most profitable

in #crypto8 years ago (edited)

Don't buy mining contracts. They are almost universally worse than buying and holding the coin yourself.

This analysis doesn't even mention projected difficulty increases. It vastly overestimates the "profitability" to be had. No mention of counterparty risk (see recent Genesis hack).

This is typical "I've never done the full math on mining contracts so I think they print money and can't wait to tell anyone" nonsense.

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