Staring a Hashflare account. I watched a youtube video that I can’t seem to find anywhere (maby i just imagined it) but it revolved around the reinvest tool. The guy showed some spreed sheets and demonstrated how reinvesting doesn’t work after one year, because what it does is create a bunch of micro 1 year contracts that start dropping off. So, he identified a sweet spot where you could reinvest for half the year and take profit the other half, then you cold reinvest the whole thing or a portion of it and repeat the process. In this way one could increase their bitcoin holding exponentially.
I know most people think cloud mining is a scam or at least not worth it, but after looking at setting up my own rig the ROI just didn’t make sense for me (still going to do it) so I thought I’d give this a try. Going to be investing a total of $600 over the course of a month. This is an experiment. Every week I will post my progress. I’m using the SHA-256 Bitcoin contract because the other contracts aren’t as profitable right now.