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RE: Cryptocurrency mining - not alwasy an easy job aka ALWAYS use reliable parts for your mining rigs
It all depends from which end you would catch it. Back in 2009/10, one BTC was worth few cents and you could mine it with your CPU :)
Yeah...but now? I think its too late for mining. Back in 2009 (like you said) yeah...golden days :D
nah, its not 2 late. Still very-very profitable. And exactly as my example. You can keep (e.g. 50%) of the mined tokens for few years, the value might increase rapidly!
But it depends on the scale you want to mine at and the expected investment/ profit.
Yeah, maybe you take a lot of cash in the hand, you can make money..but with only a little investment? I'm not sure. But maybe i will try it out. I think cloud mining is the only option...because power is really expensive here in germany.
with the current ETH/ ZEC prices its still profitable. there are plenty of miners in germany :)
I wouldnt recommend cloud-mining (Yes, I do have my own experiences). It might be profitable (Genesis mining BTC plan) after one year, or sooner if BTC price will keep rising.
But instead of buying the hashing power, I would just simply buy the currency and keep it. You can buy and keep with whatever amount of $$$ you want to invest into this project.
Its a good idea, indeed. I think about it, but thanks!
For now i look into this steem thing here. I dont kniow what to think about it, but its... funny so far.