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RE: Thinking of cloud mining with Genesis? Get your head out of the clouds and READ THIS FIRST!

in #cryptocurrency7 years ago

I appreciate your insight! I have always wanted to take the plunge and pick up a few 1070's to embark on my own ether crytpo mining journey. I am currently involved with hashflare SHA-256 lifelong mining and it has been pretty good to me over the past year. Any advice on getting started or you think purchasing coin at this point is most reasonable option?

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Honestly, GPU's are way too expensive to purchase anymore and even if you find a used one at the same price as a new card should be, the time frame is closed on breaking even, let alone making a profit. Just buy the coins on dips..don't go all in at once

Just buy & hodl the coin. This whole thread is a monument to the folly of buying mining contracts instead of just buying the coin directly.

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