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Mining Cryptocurrency UPDATE + MY Opinion on Cryptonick

alexanderslife

Published: 24 Jan 2018 › Updated: 24 Jan 2018Mining Cryptocurrency UPDATE + MY Opinion on Cryptonick

Mining Cryptocurrency UPDATE + MY Opinion on Cryptonick

Hi all, its me alexander giving you an update on my quest to get to the Olympics from mining cryptocurrency.

So far on HashflareHashflare Mining.jpg

I decided to invest some more mining power taking me up to 78.4 MH/s

Then last night I was watching one of cryptonick's video which I will leave a clip down below for you to watch

In my Opinion on his video I to agree with him that you shouldn't invest with genesis-mining let me show you an example

genesis.jpg

here shows a that if you want to mine some ethereum it would cost you $1480 for 40 MH/s and if you run that through coinwarz

coinwarz.jpg

it says that you would take you about 316.51 Days to break even.

So with that I tried a different cloud mining and fore which I have found one called hashzone on twitter
hashzone.jpg

Upon registering you will get a free 20 GH for mining bitcoin, I decided to do invest 7 MH/s on there mining platform $108.15
hashzone2.jpg

And if do the calculations through coinwarz
coinwarz2.jpg
It would say that I would break even in 132.17 Days to break even which is less than Hashflare I think.

BRIEF NOTE:
It may work differently for others
Only invest on what you can afford to lose
Calculations on the exchange rate can always change

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