I have been recently been extensively browsing the internet looking for the best ways to make money using cryptocurrencies. I have found some preety interesting ways mostly consisting of mining and trading. However I'm really intrigued with mining due to it's seemingly low effort and sort of high reward. I was wondering what other people thought about cloud mining in websites such as genesis mining and hashflare and wether or not you thought it was worth it.
Thank you!
It's a pyramid scheme: you are going to make a profit only if you have many many referrals. Keep in mind that the difficulty of mining coins is always going up so it's very difficult making a profit with those companies.
I followed you :)
Congratulations @tdperes! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP