Hi!

Recently, I invested in Hashflare and calculated the potential yield for the coming year. However, I began to question why the owners of the cloud would rent out their equipment when they could potentially earn more by selling it on the stock exchange.

In my opinion, the cloud mining scheme was only relevant during the early stages of cryptocurrency when there was uncertainty about its future and external investment was necessary. But now that cryptocurrencies are becoming integrated into the real economy, it makes more sense for individuals to mine and work with them directly.

Do you agree with my understanding or do you have a different perspective?

It's important to realize that it's possible to be mistaken when it comes to investing in mining equipment. However, the sellers and landlords of this equipment have already made a significant profit during the spring and summer months. They likely won't make mistakes given their success thus far. This aligns with the common saying, "it's better to have a bird in the hand than a bird in the air".

This reminds me of the gold rush where those who sold picks and shovels ended up making the most profit. It's important to consider the long-term profitability of mining before investing in equipment, and to be aware of the risks involved.

"Why did you assume that we could cover your server costs?" It's important to keep in mind that even if cryptocurrencies become integrated into the real economy, money and resources will always be in motion rather than stagnant.

This highlights the importance of considering the continual fluctuation of the market and the potential risks involved with cryptocurrency mining. It's crucial to understand the long-term profitability and sustainability of investing in mining equipment before making any decisions.

On a separate note, the principle and service of this cloud mining platform are actually quite good. I recall reading several positive reviews before investing my own money into it. Nowadays, building a personal cryptocurrency mining farm is no longer profitable due to the increased complexity of individual cryptocurrencies. However, some altcoins may still be viable options as they are protected from Asics.

This underscores the importance of consistently reevaluating the viability and profitability of different mining options. It's crucial to stay up-to-date on the ever-changing market in order to make informed decisions about investing in mining equipment or services.

Electronic farming relies on sophisticated software to produce complex electronic decisions necessary for the development of electronic currencies. The progression of mining cryptocurrencies has caused a constant rise in its level of difficulty. Remote mining services are providing users with the opportunity to mine numerous top electronic currencies such as Dashcoin, Litecoin, Etherium, Zcash, Bitcoin, and Monero.

A home-grown mining farm with several high-performance graphics cards of AMD and Nvidia brands is another effective way to make profits. With self-employment comes daily income from the capacity of the entire farm, and fast transactions using various internet services that enable electronic currency exchange into cash. However, it is essential to consider the technicalities involved, such as ever-increasing mining complexity, electricity costs, equipment cooling costs, dust control, and noise.

Remote cryptocurrency mining services have different methods of energy equipment installation with a commission fee applied to cover salaries and electricity consumption costs. The BTC blockchain network has the highest complexity of all electronic currency mining networks. Companies are gradually decreasing their daily payment for the provided service due to profitability decrease from network complexity growth.

Crypto money prices are set to grow steadily in the future with projections of Bitcoin costing $55,000 in 2020. It is crucial to stay up-to-date on the ever-changing crypto market. Expert opinions show that cryptocurrencies' future development prospects remain positive.

I would say that while cloud mining may have had its advantages in the past, there are several factors to consider now. The increasing popularity and acceptance of cryptocurrencies, along with advancements in technology and accessibility, make it more feasible for individuals to mine and work directly with them. This allows for greater control over the process and potential profits.

Additionally, cloud mining involves relying on a third-party service provider, which may have associated risks such as downtime, maintenance costs, and potential scams. By mining independently, individuals can mitigate these risks and have a more hands-on approach to their mining activities.

Here are a few key points about cloud mining:

1. Accessibility: Cloud mining provides an opportunity for individuals who do not have the technical knowledge or financial resources to set up and maintain their own mining rigs. It allows them to participate in cryptocurrency mining and potentially earn profits without the hassle of hardware setup and maintenance.

2. Cost Efficiency: The upfront costs of purchasing and setting up mining equipment can be significant. With cloud mining, individuals can start mining cryptocurrencies by paying for a mining contract or leasing computing power for a specific period. This eliminates the need for investing heavily in hardware and infrastructure.

3. Convenience: Cloud mining companies handle the technical aspects of mining, such as hardware maintenance, cooling, and electricity costs. Users do not have to worry about equipment upgrades, troubleshooting, or managing the mining process. This convenience can be attractive for those who prefer a more hands-off approach.

4. Risk and Trust: Cloud mining involves entrusting the rented computing power to a third-party provider. This introduces a level of risk, as users have to rely on the reputation and reliability of the cloud mining company. It is crucial to carefully research and choose a reputable provider to ensure the security and profitability of the mining operation.

5. Profitability: The profitability of cloud mining depends on various factors, including the price of the mined cryptocurrency, the mining difficulty, the contract terms, and the fees charged by the cloud mining provider. It is essential to analyze the potential returns and consider the long-term profitability before investing in cloud mining.

6. Potential Scams: Due to the increasing popularity of cryptocurrencies, some fraudulent cloud mining operations and Ponzi schemes have emerged. It is important to exercise caution and conduct thorough research to avoid falling victim to scams.

As with any form of investment, cloud mining has its pros and cons. It is crucial to consider factors such as profitability, risks, and personal circumstances before deciding to engage in cloud mining. Conducting proper due diligence and staying informed about the cryptocurrency market can help individuals make more informed decisions regarding their involvement in cloud mining.