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RE: Is Cloud Mining for BTC profitable?

in #cryptocurrency7 years ago (edited)

The advantage of mining it IMO would be that with only a $660 investment, using daily compound interest after a year and a half my return on the $660 should be roughly 2-3k and then depending on the return from Bitcoin the 2-3k would be 5x-10x depending on BTC price. Instead of it only being the ROI on what I originally deposit into bitcoin. It's like my money working twice as hard.

It really just depends on how much money I can turn the $660 into from mining. Hope this made sense.

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Understood. Thanks for taking the time to explain. Best of luck to you!