Have you become rich by “investing” in bitcoin mining contracts? If your answer is no, let me tell you why.
The cloud mining industry has been cheating off your profit for a long time by selling you “contracts”. Every time you buy a mining contract, you are making the platform selling you contracts richer instead of making yourself richer!
When you pay for your so-called mining contract, the platforms take your money and buy new mining equipment and rent back to you. Let’s take Antminer T17(40TH/s)as an example, you can see the latest price from this link, the price of this 40TH/s equipment range between $1240 to $1489
If you buy a 40TH/s 2-year contract from a renting platform, like Genesis Mining, it’s $1584.
So you spent $300 more to rent a mining equipment for 2 years and the platform owns the equipment YOU paid for! And the platform can SELL the equipment when the contract ends!
Now it’s very clear, you pay the price for the contract, the platform makes the margin profit for $300 and sells the equipment in the end to make extra profit! And you are wondering why you don’t make enough money “investing” in mining?
You will NEVER become rich by paying for the hashrate you don’t OWN. It’s simple math, if you don’t own you hashrate which means you cannot sell them to capital, which means you have to cover ALL you cost by daily payout, and how long does it take to breakeven for a 2 year contract? 500 days! 500 days before profit! What kind of investment is that!?
VeryHash is the only place in the cloud mining market where users pay the hash they own and own the hash they pay! Which means you can sell the hashrate to get your investment capital back anytime. And the price of mining equipment always change along with bitcoin price, so if bitcoin price goes up, the hashrate selling can earn you extra margin profit! Remember, anytime, no time lockdown.
How much 40TH/s Antminer T17 cost on VeryHash you ask? Only $980
Please sign in to leave a comment.