Hello Friends!
Currently, I am working on mining of cryptocurrency. I am evaluating that mining by building a rig is more profitable or by investing in cloud mining.
My analysis:
BUILDING A MINING RIG: If we build our own mining rig with 8 GPU GeForce GTX 1060 cards (6GB), it will pay us $180-200 per month by investing nearly $3300-3500 on building a mining rig. Its means will reach the break even on Return On Investment within 1.5 years. After then we will be able to generate profit from it. We have to bear the depreciation cost of hardware. I am not satisfied with the returns. (After 1.5 years, the difficulty rate of mining will further increases, means low profit)
CLOUD MINING: I discover a cloud mining site recently, in which i personally invested $1066 in monero hashrate which gives me 1300 H/s of power in return. I got mad, when i observe that i am earning 0.03200000 XMR per day which is equal to $3.1 per day. Monthly profit will be $93 and annually $1116. Result is this that i will cover my investment with in one year and i will get 100% profit on my investment in the next year. No maintenance & depreciation expense of hardware. 100% piece of mind investment. You can withdraw the returns directly into your Monero wallet. I am 100% satisfied from my investment. I am publishing a video of their mining farm operational in Iceland.
You can invest by clicking on the link following below: https://www.genesis-mining.com/a/1499342
You can get further discount of 3% on total investment by promo code : yPzH1t
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Regards!
CryptoExpert