Mining Cryptocurrency UPDATE + MY Opinion on Cryptonick

alexanderslife (50)in #mining • 7 years ago (edited)

Hi all, its me alexander giving you an update on my quest to get to the Olympics from mining cryptocurrency.

So far on Hashflare Hashflare Mining.jpg

I decided to invest some more mining power taking me up to 78.4 MH/s

Then last night I was watching one of cryptonick's video which I will leave a clip down below for you to watch

In my Opinion on his video I to agree with him that you shouldn't invest with genesis-mining let me show you an example

here shows a that if you want to mine some ethereum it would cost you $1480 for 40 MH/s and if you run that through coinwarz

it says that you would take you about 316.51 Days to break even.

So with that I tried a different cloud mining and fore which I have found one called hashzone on twitter

Upon registering you will get a free 20 GH for mining bitcoin, I decided to do invest 7 MH/s on there mining platform $108.15

And if do the calculations through coinwarz

It would say that I would break even in 132.17 Days to break even which is less than Hashflare I think.

BRIEF NOTE:
It may work differently for others
Only invest on what you can afford to lose
Calculations on the exchange rate can always change

#life #cryptocurrency #coinwarz #hashflare

7 years ago in #mining by alexanderslife (50)

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zenmonster (25) 7 years ago (edited)

I went ahead and signed up for Hashzone with your link and look forward to giving it a try. I have used Hashflare and it has gone well but not spectacularly. I have been reinvesting all profits trying to get to the kind of holy grail amounts that such interest/earnings rates (0.5-1% per day) can produce. I'm not sure it ever really adds up that way but it is money I can afford to lose.

$0.03

1 vote

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