It seems like everywhere I read l, if you don't have a strong referral base then cloud mining is a sham. Those who make money make it off the many referrals they have.
If cloud mining services had the operations to mine for crypto wouldn't they just mine it on their own and sell the crypto flat out to make even more profit? I don't see how they would gain in providing a cloud mining service for others when the crypto rewards are so much more valuable.
Ya i definitely see how making it profitable comes via your fan base constantly sending you free has and bitcoin via referral. But I was just trying to figure out if it is worth putting money into and getting it back lol.
Haha yeah it's a mystery unless you give it a shot I guess. I've been researching it continiously because there are so many mixed reviews but hopefully one day I'll figure it out
Yeah only one ICO can make such a traffic jam, that's horrible and Steem will do very well after the incredible HF19!! Buy more STEEM POWER seems to be a wise decision and Genesis mining just sucks, difficulty soars every day
This isn't the first time ETH has had massive drops, only to bounce back up within minutes. If people bought at the bottom, they must have been part of the manipulation. There was absolutely know way of knowing where it would stop, it was heading straight down. If I was a trader, I'd be very wary of continuing, but as a hodler I've learned to ignore these events. They are also great opportunities to buy more ETH low.
It seems like everywhere I read l, if you don't have a strong referral base then cloud mining is a sham. Those who make money make it off the many referrals they have.
If cloud mining services had the operations to mine for crypto wouldn't they just mine it on their own and sell the crypto flat out to make even more profit? I don't see how they would gain in providing a cloud mining service for others when the crypto rewards are so much more valuable.
Idk just my two cents from what I read and feel.
Ya i definitely see how making it profitable comes via your fan base constantly sending you free has and bitcoin via referral. But I was just trying to figure out if it is worth putting money into and getting it back lol.
Haha yeah it's a mystery unless you give it a shot I guess. I've been researching it continiously because there are so many mixed reviews but hopefully one day I'll figure it out
Ether will fall hard, Steem will fall than rise than ether will rise again and genesis mining is a deep deep funnel.
But is it a worth while funnel?
is it worth it to me? No not really but I guess if you keep putting money in it you might get a fraction back.
Thats depressing lol
Panic? Come on... Just:
Yea... one day of dropping is not uncommon.. my god people..
Nice rebuttal
Bags are getting heavy bruh
Yeah only one ICO can make such a traffic jam, that's horrible and Steem will do very well after the incredible HF19!! Buy more STEEM POWER seems to be a wise decision and Genesis mining just sucks, difficulty soars every day
Thats what i figured. Thanks brother!
Shieeet
it is silly as to why
I don't have Ethereum, but all markets get shaky sometimes. You're right, it's best to hold.
Awesome video! Holding is always the way with crypto in my opinion.
Don't sell, Keep Holding. Just look at it as being "On Sale" .
Exactly, that is how im starting to see these things now.
This isn't the first time ETH has had massive drops, only to bounce back up within minutes. If people bought at the bottom, they must have been part of the manipulation. There was absolutely know way of knowing where it would stop, it was heading straight down. If I was a trader, I'd be very wary of continuing, but as a hodler I've learned to ignore these events. They are also great opportunities to buy more ETH low.
Ya it won't be last time either, just keep holding and buy more in the dips
I don't know about cloud mining but doing the GPU Mining is great for me you can check out some of my stats and equipment here:
Check out my blogs here:
https://steemit.com/ethereum/@vegasbitcoin/are-you-making-over-usd100k-dollars-a-year-mining-crypto-s
and here:
https://steemit.com/ethereum/@vegasbitcoin/13-6gpu-ethereum-mining-rigs-set-up-pictures-overall-costs-and-apps-that-i-am-using
whoa! nice!
Thanks, hope it encourages others to start mining.