Anyone here does Hashflare? Or cloud mining in general?

[jclee4]

Anyone here does Hashflare? I'm doing a BTC and ETH contract. Trying to find the best strategies going forward. Maybe we can share our strategies. Right now I stopped reinvesting my BTC and I'm just holding it and collecting profit. I think I'll start reinvesting once BTC hits like 12 or 13k.

 

[Jenxkz]

Sounds like a ponzi to me. If you have profit from it good for you but I wouldn't put big bucks into it.

 

[jclee4]

Sounds like a ponzi to me. If you have profit from it good for you but I wouldn't put big bucks into it.

Hey maybe your right. I did a Genesis contract one year ago and made a bunch of profit mining. Then again. BTC went nuts that year.

 

[Deleted member 969102]

Cloud mining is not something I would recommend. I do, however, have a number of Genesis and Hashflare contracts, but that is because of the scaling issues I have with my physical mining farm. Looking back, I wish I just held the money in cryptos instead of buying into the cloud mining contracts, but it was a small amount and more out of curiosity.

 

[LordCameltoe]

Trying to find the best strategies going forward.

The best strategy is to stop cloud mining and invest in mining equipment or directly buy the coin on exchanges.