I came across a site last weekend by a company called, Crypterra. At first glance the website looks professional, simple and prices look very interesting! However most of the photos of their office have just been ripped from google images. I can understand this as its a new company and they just wanted some kind of images on their site. I hope in the future these will be updated with real images. Example of the bitcoin cloud mining prices below.
Here’s some information regarding the cloud mining company.
- 2 year contract mining Bitcoin, Litecoin, Etherium, Monero and Zcash
- Mining starts immediately
- Minimum withdraw $10 (Can take up to 8 hours to receive because they send bulk to minimize transaction fee’s)
- Data centres in Hong Kong and Canada
- Prices are very affordable
- At the moment, no maintenance fee’s apply
Now you must be wondering, okay whats the catch? Well I’ve been mining with this company for a few days and so far getting all withdraws, no problems accessing the website and support has answered my questions.
LETS GO THEN!? Wait a minute, The problem, well its not a problem its more of a trust issue, the fact that the company only started in July 2017, no images of their mining equipment or data centres (But then Hashflare doesn’t give this out either???) and the photos on their website has come from Google images.
I have done as much research as possible into this company and I cannot find a red flag, apart from its a new company. The domain is registered to a company in Hong Kong, they also have a data center in Hong Kong and Canada.
But the website shows its registered in Ireland? This is because of the corporation tax of 12%.
So to sum it all up, if you like a little bit of risk then get yourself a mining contract, withdraw when you can, get your return of investment out ASAP and then start buying more with the profits. Also do your own research into the company, end of the day its your risk.
Welcome to the Christmas Cryptocurrency sale! XRP takes 2nd place, everything is RED apart from XRP, Stellar and ADA. BTC going down, maybe time to buy some more! Happy New Year All!
Which is better? Both have their own strengths and weaknesses but if I had to say stick $10,000 on a mining platform I would probably say Genesis Mining if you can get hold of one that is, here’s why.
Genesis Mining has been in the business for years, they have the experience, the trust and they have always delivered! Galaxy Mining aka Dragon Mining has only been short term but the owners have had other businesses in the past. I’m not going to detail all the history, you can do the research yourself.
As you can see above I have done a comparison graph between the two mining companies and its quite clear that Genesis rewards you a lot more. But don’t forget as bitcoin slowly becomes difficult to mine over the coming months/years your payments from Genesis will slowly decrease until a point where it wont make any money and the contract itself will just cease if you don’t invest more money into buying more power. Galaxy/Dragon mining will increase in payments if you compound your earnings into mining power and take a little withdraw per day, automatically.
Who would you go for? Short Term (Genesis) or Long Term (Galaxy/Dragon). Does the high payments from Genesis out weigh the peanuts your getting from Galaxy/Dragon Mining? Or would you invest once into Galaxy/Dragon to give you small payments but over years? Or invest in both?
Lets say they both have 3 year contracts, genesis will give you $7200 and Galaxy/Dragon will give you $3,960, of course this would mean bitcoin mining difficulty wont change or the price of bitcoin, which is highly unlikely. But it just goes to show how much reward your actually getting from Genesis as suppose to Galaxy/Dragon.
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YOUR MINING WILL START IN 12 DAYS FROM TIME OF PURCHASE!
I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.
Like all investments there is an element of risk, some more than others especially HYIP‘s (High Yield Investment Program). It’s not a question of IF it dies, it’s a question of WHEN it dies! There is no way programs like these are sustainable when offering 9% per day forever.
Before you invest!
- Do your own research (How long have they been active?, Are they paying?, How many users do they have) Most of this information is displayed on their website
- Only invest what you can afford to lose!
- Get your original investment back ASAP then play with the profits
- Be Patient! – You wont become a millionaire overnight, it takes years to build your business!
- Have a plan! – Reinvest all? 60/40 split? How much will you make in 3 or 6 months?
- Don’t put all your eggs into one basket – Invest into multiple platforms, not just the one.
I’m not psychic, I’m not a financial advisor, Its your money, your decision! – If you don’t like taking risks then get yourself into mining Bitcoin/Ethereum or some other alt coin. See below for details.
Dragon Mining – SIGN UP HERE
Start mining bitcoin from as little as £20, lasts for 3 years, one off fee, no hidden monthly fee’s. The platform will allow you to compound automatically meaning rather than visit the website every day in your busy life schedule it will reinvest in itself if you want or set a proportion to reinvest and the rest into your bitcoin wallet. The choice is yours! Its the best way to get into bitcoin.
Recently you were able to buy bitcoin life time contracts from Genesis Mining but unfortunately due to demand they sold out in a few days! We now have another solution, Dragon Mining!
Not long now, only 4 days until my first bitcoin mining package starts, so exciting!! This system allows you to compound/reinvest your earnings from mining bitcoin back into more hash power daily, meaning it will mine more and quicker per day! You can of course change this to what ever percentage you want, you can always just take all the earnings out and put it into your bitcoin wallet automatically per day. The choice is yours.
My plan is to reinvest all earnings for a few months to build up my mining power then change it to 80% reinvest to hash power so that gives me a little back in my wallet. Of course if I have any spare cash and these mining packages isn’t sold out then I will be buying more! You can start today from as little as £20!! See below for prices. Each level is a one off payment, no monthly fee’s and lasts for 3 years.
If your interested in signing up then head over to http://Wayner87.DragonMiningSystems.com and order yours today!