Despite the broad-based pessimism among cryptocurrency speculators, there are facts that speak by themselves – the numbers. Do you know that even in the environment of the crypto bubble bursting in December 2017, those who bought crypto a year ago are still in profit.
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Bitcoin during the recent 12 months has gained more than 100%, Litecoin appreciated by 60%, and Ethereum added 50% in value. Taking a shorter period, during the recent month Bitcoin managed to rise by 8%, while Litecoin and Ethereum lost just around 10%.
Let’s compare it to more traditional assets. NASDAQ 100, the leader of growth among indices, appreciated by 25% during the last 12 months, and in the previous month it rose only 3,3%. Even Brent Crude Oil that has been experiencing the bullish trend due to the end of oil wars between the Middle East and the USA managed to surge only by 40% from last August.
From Earlier Adopters To Mass Market
Digital assets are only starting to attract the attention of the mass auditory. The hype we saw at the end of last year was driven mainly by early adopters. This hypothesis is proved by the number of companies and institutions taking measures to come closer to the crypto industry.
In early August, the Intercontinental Exchange, the parent company of the New York Stock Exchange, confirmed its plans to establish a new company that would offer “consumers and institutions to buy, sell, store and spend digital assets on a seamless global network.”
It means that very soon a horde of large-scale investors will enter the market, and one should be prepared for that.
Cloud Mining Saves From Risk
If you don’t want to take risks of buying and holding cryptocurrency, you may try to mine it. If you still have doubts, it’s not necessary to purchase costly equipment and to waste money paying electricity bills. You can try renting hashing power from the service provider with the help of cloud mining.
Take, for example, cloud mining of Ethereum. According to Cryptocompare calculator, the profit per year is about $1,424 with 3.59 ETH mined during this period. With cloud mining services cost deducted, your annual net profit is around 886 US dollars. And it’s even more profitable if you buy an unlimited contract. Hashtoro.com service offers unlimited ETH contracts for $2,610. It means that in three years you will get stable profit without any need to think of equipment or to look after your rig.
In Bitcoin’s case, cloud mining may become even more profitable, as the cryptocurrency keeps attracting the attention of the mass market showing a higher rate of appreciation. The total revenue at the current exchange rate will be around $870 annually.
However, it is essential to take into account that the world of cryptocurrencies is highly volatile and dynamic. And these numbers will rise and fall accordingly with the movements of prices of these cryptocurrencies.
The company was founded in May 2018. Hashtoro.com is a cloud mining cryptocurrency service. It offers a safe and simple way to get computing power to start cloud mining bitcoin, litecoin and ethereum. The company provides cryptocurrency solutions for both everyday users and business entities. Hashtoro is suitable whether you want to get into mining on a low budget or diversify your current portfolio.
The company’s data centers are set up in Finland and Norway. Countries, favorable to the crypto industry.
Primary competitor’s advantage is that the company offers low budget cloud mining opportunities. The cheapest cloud-mining contract will cost just 20 €.
Moreover, Hashtoro’s infrastructure is powered exclusively by renewable energy. The hot air generated by mining is directed into heat pumps, while the hot water is pumped into the adjacent heating systems. This is why hashtoro.com has become one of the most profitable and ecologically safe cloud mining services.
This is a sponsored article and does not reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.
How are is there no other company employing POCs other than cryptomaniaks in bitcoin and blockchain tech?