Is It True to Make Money from Cloud Mining? How to Make Profit on MVU Cloud Mining?

In the past two years, the blockchain-based digital currency also rode the wind and became the favorite of financial investment. When people learn about digital currency, they will regret the missed investment opportunities.

Investment on Digital Currencies

We typically invest in digital currencies in two ways: buying and selling and mining.

Buying and selling is well understood, with digital currency exchanges buying at low prices and selling at high prices to make a profit. Nevertheless fry coin risk is higher, you think oneself is great god before entering, result high price buys, low price sells, became leek.

What about mining? Is it true that mining for money? Mining is to slowly “dig out” digital currency by mining machine with time and electricity. The cost is cheaper than direct purchase, and the risk is relatively small, which is more suitable for stable investors.

How to make money from mining?

Mining is divided into direct purchase of mining machine and leasing mining machine cloud mining. Below, we will make a simple comparison of the profitability of the two methods.

As an example, let’s take Bitcoin, the leading digital currency:

1. Direct purchase of mining machines

The cost of a mining machine with 110 Th /s is 20000, and its economic life is calculated according to 3 years (it can mine for 3 years). The electricity cost is 0.058/ kWh, and the current price of Bitcoin is 13333 $/ kWh. Finally, 0.89360593 Bitcoins can be mined, with a value of 11914. After deducting the electricity fee of 4982.463, the net profit is 6931.537, and the profit rate is 108%. Moreover, the mining machine can calculate the residual value.

2. Leasing mining machine cloud mining

MVU Cloud Mining 100TH costs $6900. The contract is for 2 years. 2 years later, the total income is $12553.56. The net profit is 5653.56usd.

In summary, we can see the difference between the two ways of income, but we can not simply choose the mining method in accordance with the income as a standard. Direct purchase of miner, you need to choose your own mining machine, choose a reliable mining field hosting the mining machine, and constantly supervise the operation and maintenance of the mining field to prevent the mining field from digging for you.

Ordinary users do not have rich experience accumulation and abundant free time, it is suggested to MVU cloud mining in the form of admission with high profit. Lease miner cloud mining, users do not have to consider the mining machine maintenance and power problems, and cloud mining contract generally has a computing force compensation agreement, even if the leased mining machine shut down, the platform will compensate this part of the loss of computing power.

Whether directly purchase mining machine or cloud mining, can regularly and effectively earn the income brought by mining.If the price of the digital currency does not rise, mining can be profitable, and if the price of the digital currency rises, mining can bring higher profitability.

So will MVU cloud mining be less profitable?

As more and more people realize that “mining” is a good business, more and more people want to participate, whether it is upstream mining machine manufacturers, or downstream miners, the development of the whole mining industry is becoming more and more intense.

With the newly put into operation of the mining machine more and more powerful, the rise of the whole network computing power, mining difficulty also increases. For miners and their users, mining is certainly less profitable than it used to be. But MVU cloud mining remains competitive in terms of profitability compared with many traditional industries.

Sign up on MVU Cloud Mining by clicking the link, and enter email and verification code.

Choose the package you want to buy for little money. And you can invest more for more profit.