Quote:
Originally Posted by glatt
You can pay companies to mine for you. I can see how the companies would make money but I am not sure how the customer could make money.
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Here's a mining company from the net.
The mining is powered from geo-thermal so the bitcoins produced shouldn't kill the planet.
Genesis Mining will not publish returns on their mining which, in this case, does seem a lot like gambling.
There is this
graph that shows the historical return but how accurate is it?
Another detail is that the "plans" that allow the use of their super-duper-luper fast and reliable machines to mine for subscription seem to be booked with the exception of one. Dash.
The newer the coin, the more potential profit? I don't know.
There is an option to buy a starter plan for $57.50 but if the yield is .0331 it would generate a $0.165 profit. Add to that the duration of the plan, 2 years.
I'm sure there's more to this that I don't understand. On the outset it doesn't seem like something encouraging.