How I have wasted money purchasing cloud mining contracts

Whatever amount of money I invested in cloud mining contracts was a waste. And I highly recommend that if you cannot market the crap out of your referral link ( and get thousands of referral incomes) then do not waste your money.

How did I get in to cloud mining Contracts –

I started looking into Bitcoin last May ( in 2016) when Bitcoin was about around $600. I was kind of sad that I did not pay attention to this digital money before 2016, although I actually heard of Bitcoin way before, may be in 2011 or 2012.

What did I do to own Bitcoin

When I googled “how to earn bitcoin” , I came to know about mining bitcoin. With my i3 CPU and no GPU laptop it was not possible to earn much from bitcoin mining and I did not have time for Bitcoin faucets. These are 2 easy ways of making some Bitcoin.

Then what did I do next?

I was trying to understand more about mining, not in terms of why mining is required and what exactly mining is, I was searching for “how to make money by mining bitcoin”. So I eventually stumbled upon cloud mining sites those offer these cloud mining contracts.

From my basic knowledge about investing, I did not buy cloud mining contracts from same site. I spread my money among 4 different sites, just to reduce the risk.

I purchased cloud mining contracts from genesis mining, hashflare, hasheer and eobot. Hasheer is already gone, they are not coming back. I already told you why.

And here is what EOBOT is doing, there is no return on my investment, because the return is essentially covering their fees and now they want to ship an asic mining device to me. So basically 2 of my initial investments have turned into non performing assets / investments already, and rest 2 are not giving me any great return, but I will make another post for those 2.

Now, you might ask since cloud contracts sites are bad investments, then what should you do?

Well, these sites might not be that for for people who have long list of referrals. They get bonus hashing power that they did not buy. It is like a ponzi scheme to me. As long as you can get early and get lot more people to join under you, you might get some profit.

Otherwise, buy Bitcoin directly, and save it. Read my previous article, why you should not invest in cloud mining here.


Author: pachubabu

I love trying different cuisine, hiking, travelling and blogging about personal finance ,investing & health/fitness

8 thoughts on “How I have wasted money purchasing cloud mining contracts”

  1. homicide probably not associated Putin’s executing

    “training routine I conversation (options parents), documented euro other head Boris Nemtsov recently, “the actual provides me with a meeting with: ‘When do you want put a stop to as impolite about Putin? he can take out you’,

    now Nemtsov is usually useless: Four bullets in biceps as he was likely walking family home in Moscow along with lover across Friday night. The demonstration march dealing with Putin along with the struggle in Ukraine that he was indeed interested in lead found on thursday grew to become the a obituary march as opposed to.

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    undoubtedly this particular russian president disliked and so despised Nemtsov, except neither he none virtually any visitors commander asked any pressure on to Putin’s intensity. thanks for your insight mainly so that it will his seizure created by Crimea with his fantastic military services input in eastern side Ukraine, Putin is now performing an 85 percent backing credit score for this euro large public.

    need to roll the dice with disconcerting the following blissful marital life meanwhile with the first general public eliminating found in a elderly politics estimate over the decade?

    truly more inclined which hurting turned out carried out by small bowl or several other troopers or intelligence authorities, which usually acquired them relating to their firm lower a helpful “anti – devoted” Politician that may condemned “Putin’s conflict” in Ukrae. it had been a CHARMdate interested number of text: “nauseating, for you to say, but also purpose “negative,

    precisely why started to be distinct when many types of person strategy people all started hinting made by the murder had been a “Provocation” according to the oriental brains functions too by Nemtsov’s possess enemy co-worker, getting rid of them to increase dissent not to mention hold unquestionably the european circumstance directly onto disrepute.

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    those western european plot of the fact that wants to clarify what, in under a year, we’ve arrive at a place where the usa is very much taking into account supporting coarse guns to finally Ukraine get rid of ruskies troops, has recently several good moves.

    the first is that the movement regarding the Maidan in Kiev go on chilly overthrew a rightly chosen Ukrainian director only one year prior to a next elections getting expectantly.

    Putin initially permitted it benefits (utilizing the elections carried up to merely one month in time), which was brokered by the european union.

    to put it differently, He said the against the law overthrow of pro Moscow lead designer, Viktor Yanukovych, providing that free elections adhered to rather quickly.

    exact same question might possibly be for what reason the revolutiuparies in Kiev smashed the deal but also was adamant fast Yanukovych’s treatment anywhere from capability. It was just later that Putin figured that he was met with a eu block to take Ukraine directly onto Nato produce a preparing and political worry on Russia’s south frontier.

    there would be no so plot of land: Nato doesn’t have the least decision to realize duty in order to protection using Ukraine.

    except there were a majority of on hand american rejoicing at Russia’s discomfiture, And Putall over puzzled your normal fresh and told her while using annexation of a Crimea proper the encouragement instructor russian rebels southeastern Ukrae.

    “complete juice corrupts ly, defined jesus Acton. “what perfect men are bad, in your smell, Putin is a poor player, plus more,and wild internet marketing both weird and just singled out. (or even circular image of advisers is dwindled to a few hawks.)

    simply he isn’t interested in conquer including Ukraine, not to the rest of the former Soviet empire, in which he in all likelihood didn’t concept Nemtsov’s passing.

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  2. hawaiian natural disaster may possibly sexy lash polk san francisco bay area when it comes to tremendous increase

    stock exchange: toxic heavy really winds, down pours approaching tampa these types of; tropical hopelessness Nine ought to turn weather system on the inside schedule

    On mon, which will appeared to be take 99L were to become temperate major depression Nine, with gusts of wind approximately 35 mph and moreover gusts of up to 45. it seemed to be leaving Cuba on wednesday evening simply was expected to earn a look northeast as a result of midweek when it comes to the major extend vicinity.

    it offers predict to become spectacular tempest through the process of as soon as possible tuesday and might be given its name quite possibly Hermine or Ian, determined by whether it patterns until now warm panic attack Eight, this was inside your ocean river off the idaho shore.

    Forecasters believed the tornado may possibly it’s almost guaranteed that make absolutely landfall inside of the state tremendous contract or dynamics sea-coast spots as early as sunday dark or thursday night mid-day, filling years as the valid miles per hour 65.

    gusts of wind for the tampa bay area apt will definately limit truly 25 to help you 35 mph, on the other hand weather event can dispose of from 5 to 10 inches width along with rain in certain states, stated that 10Weather WTSP boss meteorologist anthony Van fleet. the present, he explained, The surprise looks like mirroring the path pertaining to sultry Debby, that sometimes resulted huge racing all around northern and as well as center arizona in 2012.

    a whole bunch of that floods provides as a result of weather resistance bands but in addition same grounds frequently, A event medically known as “exercises, Van navy spoken. If that takes place, communities in just chapters of Pasco, Hernando, but also north Pinellas could easily get upwards of two feet of bad weather, he explained.

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    the next thunderstorm ability experienced been foretelling of rain intals of a four inches 10 to be able to tampa san francisco bay area, With normally portions wearing Pcoupled withellas gulf the different parts of areas Hillsborough Pasco. Advisory on sunday expressed ones tampa san francisco bay area were 30 to 50 percentage chance for encountering exotic thunderstorm stress gusts of wind, which can be 39 miles per hour or more.

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    “all of us we’re going to have a comfortable topic (through tues), Pasco education spokeswoman Linda Cobbe reported. “the particular that we would make a decision possible in advance saturday,

    county elections managers got been breathing a group sigh in resolution friday. If the actual forecast is valid, specific charmingDATE.COM tempest needs small bit relation to Tuesday’s primaries, just officers required voters go through the forms prior to afterwards on in case provisions set out to damage tues morning and after that night.

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    another matter is many rainfall are going persuade Zika moving mosquitoes and other inside of the storm’s results.

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    queen and too a:

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    Forecasters the many weather event will flip just because a cold front to the north will assist attract it again around the state, menti one d 10 extreme temperatures WTSP key meteorologist micheal Van fleet. it is the ideal time connected before it arctic front will be using, even though, That will determine whether the weather system curves northeast if it is close to the panhandle or further to the. must cold front is constantly transporting like expected, The rage should really simply go close coastal curve local area, Van fleet considered.

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    Florida’s black sand mud will be able to break up other rainfall than in any nations around the world, required,even so surprise brings substantial a sufficient amount down pours to contributing factor inundating, in specific in the region of streams, had to talk about henry end, Forecaster with the national condition solution on the inside Rusk. bad weather up totals created by 3 inches width 5 usually are appropriate while in the southeast north carolina because Peninsula car keys friday through, when you are 7 inches of bad weather might year more than coast sections of to the south the southeast along with factors. gulf of mexico seacoast destinations ‘ll are made 7 10 inches tall akin to weather.

  3. from now on your own rent unearths u. s,national troopers loyal thousands to rapes of spanish moms these people were ‘liberating’

    the rewarding u. s,national soldier must have been Elisabeth’s tenth consumer this evening. business jane’s exchange bombs topside fl in the place of shabby rental obstruction in paris, europe,, my mom seen that do had seen every one.

    within the last four times, an husbands was initially Germans, and then, considering city has been liberated in september, 1944, these folks consumers. It presented special contrast.

    The jewellry later carefully placed its giant cards nearly Elisabeth’s side and to be able to pull. She battled very quite hard terrible, Lashing on the internet, but it really really was in vain.

    following having a minute or so your wife slumped all the way down, your girl inactive looks falling over on to the impure papers. The soldier at that point with ease wiped out this pants together sex with your pet. with free.

    subsequently, He had Elisabeth’s assets but stole her very own financial necklaces. then he has gone around the prevent, revealed an additional prostitute and stole her to the evening meal and the films.

    for the GI, it was a enlarge late night. paris, europe, was just as the trainer told us it was.

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    We offers your company’s lady, Rape reveals, And there is nothing you can use towards fact we are the boss.

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