@jerrybanfield What are your thoughts on GenesisMining cloud mining? I've been using it for two weeks now, and they're very safe and reliable. Invested $200 and will get ROI in 4.5 months, but the twist is, you get two years of mining, and there are no maintenance fees or electricity costs.
Thoughts?
Don't forget that the current demand on Ethereum will drive the mining difficulty - it will kill your profits slowly. The price on Ethereum better moves faster than difficulty does!
@roberttene with friends invested on GenesisMining as well, it seems to have great terms which are ideal for making an investment easily in a small amount of time. The limitations are the long time it takes to get a return compared to making our own mining rigs plus not really owning anything. For the greatest profits, making our own mining rigs seems to be a better investment not just of the money but for the valuable learning it takes to build on our own machines which then translates to skills good for earning high dollars per hour!
I agree. I've actually wanted to put out a couple of GPUs in the garrage but my mom was against it because of the electricity costs and noise! xD
Maybe I can convince her though..
Thanks for replying man! You're the reason I'm on steemit in the first place. Been following your youtube channel for half an year now!
also you can still sell your rigs
True, but there might be a huge sell-out when the change to PoS happens so that's gonna be harder to sell during that period. It's estimated to start at the begining of 2018
also true.
but I think there will be another coin to mine by then.
Will see what the future holds.
I would buy some hashrate from hashflare with the credit cards. I chose them simply because it's much easier to buy their plan w/ cc compared to genesis mining. With the current rate of Ethereum....You will make profit in the long run. Good luck!