Cloud mining started to become well known for the public in the second half of 2017, simultaneously with Bitcoin’s boom. Its major pro is that it spares you from all the disadvantages of mining on your own (we talked about it in the previous article). We have made a comparison table for you which shows clearly how much easier it is to get most of the work done with a company that specializes in cloud mining.
As you can see on the top of the table, the Coinvasion team mines with CryptoGold. It means that we used our coins purchased on Coinbase, to invest in Bitcoin mining packages at CryptoGold.
Why did we vote for CryptoGold?
It wasn’t a rash decision. We examined thoroughly the cloud mining possibilities in the market and, based on the arguments below, we found CryptoGold Ltd the most reliable solution:
- The German owners won our confidence. Mostly because of their business track record and future vision. They have established more than 10 viable businesses. The most successful one is Deutsches Edelmetallhaus one of Germany’s largest precious metal trading house, which has been in the market for 15 years.
- It’s a 100% officially operating company.
- The owners, leaders of CryptoGold Ltd. are Mao Lal, CEO, Sascha Senft (Director) Michael Bauer (Director)
Headquarters: Business Center, Dubai World Central, P.O. Box 390667 Dubai, UAE
Registration number: AFZ/AIBC/935
- The company places great emphasis on security, and thus on protecting its clients’ money.
- Mining is just the beginning in CryptoGold’s life. On March 24th, their own crypto currency, CryptoGoldCoin (CGC) will be launched (with actual physical gold cover from the Deutsches Edelmetallhaus). The launch value of the coin will be equal to the value of gold and its value can only go over the gold value. For CryptoGold mining members, their web office will be linked to the gold-covered coin page directly and members can buy coins first.
- In the first half of 2018, four further blockchain technology based products will come out.
- Life Time Mining (explained in detail below)
- Based on data from January 15th 2018, CryptoGold has already got about 100,000 registered members from 80 countries. Mining started in June 2017, after about a year of preparation.
- At present, CryptoGold has 3 mining farms in the USA, 1 in Malaysia and 1 in China (serving investors of over 500,000 dollars exclusively).
- On January 15h, the current value of the server parks is 100 million dollars.
- The web office is clear, easy to use.
- The Support service is, in spite of the huge growth, fast, helpful and professional.
Why is it worth mining with CrypToGold?
If you buy Bitcoin and you just hold it, store it for years, the amount of your coins will remain the same. We wanted more than that, that’s why we selected cloud mining, more specifically cloud mining with CryptoGold.
Let us demonstrate what possibilities you have to make more Bitcoins using what you already have (versus just holding it).
Let’s say we are calculating with 0.2 bitcoin investment, which is 2,000 $ (at a 10,000 $ BTC value).
Let’s suppose I buy 0.2 bitcoin on Coinbase.com. If I choose to hold it I will have exactly 0.2 bitcoin in 3 years. Experts say that by then bitcoin’s value can get as high as 50,000-60,000 $. In that case, my investment will be worth 5-times its original value (0.2 x 50,000 = 10,000 $). Nice result but there are better opportunities in the market.
Based on the example above, let’s say I invest 0.2 Bitcoin (2,000 $) in CryptoGold mining packages.
But how do they do mining for me?
First of all, I have to register.
Click here for a free registration
Following the registration and the security steps of confirmation, I can select from several mining packages (menu: Buy Pool), from 50 $ up to 5,000 $. If I purchase a package it means that I purchase mining resources, so called hash rate. This is the factor that determines the bitcoin volume that is mined for me by the system. With 2,000 $ investment, at a 10,000 $ BTC value it means a 0.0005 BTC (5 $) daily yield. It is easy to calculate that with 5 $ worth of bitcoin placed daily on my CryptoGold account, it takes a bit more than a year of mining for my investment to produce a 100% return (100% ROI).
5 $ x 400 days (13 months) = 2,000 $
These data reflect current mining performance and can vary (both in a positive and in a negative direction) becuase the daily indicators are influenced by Bitcoin’s market value changes and by the mining difficulty.
What happens when the return on my investment is 100%?
My 2,000 $ investment produces a return of 2,000 $ in bitcoin in a bit more than a year, and by then my investment has produced a 100% return. If during this period I did not move my daily yields from my web office to my coinbase e-wallet (it's up to me whether I want to cash out my daily 0.0005 BTC yields from my CryptoGold account), I can invest my total yield in another 2,000 $ package, doubling my total investment and continue mining. If I cash out my revenues, the company will still continue mining for me. My original 2,000 $ investment will continue to produce yield for me. If I go with the latter option, that is if I use my yield to invest in another 2,000 $ package, my double investment will mine for me at double capacity, so it will produce double yield.
0.0005 x 30 days = 0.015 BTC = 150 $ (at a 10,000 $ BTC value). I can move that sum to my Coinbase wallet. I can do that any time, even every month if that makes me feel good.
How long does the company continue mining for me?
As long as the contract ensures that the costs of mining are covered, mining remains active and continues to produce daily yield for you. Theoretically it can be a ”lifetime” contract but practically it depends on the mining difficulty, the market price of the digital currencies and the mining costs. If mining is not profitable, as a result of the adverse development of the factors above, mining is terminated. CryptoGold can modify the mining indicators any time to be able to adapt to the market circumstances. If the mining activity of a certain crypto currency becomes loss-making, in order to eliminate loss CryptoGold can switch to another currency.
Lifetime mining that CryptoGold represents is unique in the market. Competitors in cloud mining offer fixed period contracts regarding the mining period. It can be 140 working days, 1 year, 2 years, 1,000 days. However these fixed periods are not completely guaranteed because competitors maintain the right to modify the terms of their contracts.
From a profitability point of view Coinvasion votes for CryptoGold as the best choice. You don’t have to renew your contract every year or in every 2 years, on in every 1,000 days. It’s enough to purchase a package at the start of mining. In the long run it is a huge difference. More and more people realize it and join the largest mining company of the near future.
How many packages can I have?
There is no limit regarding the number of packages one can have. The length of time that it takes to have a 100% return on the investment is the same, no matter which or how many packages you purchase.
However, what matters is how many bitcoin the company mines for me daily. And that differs, based on the purchase value of your packages (there are 50, 100, 500, 1,000, 2,000, 3,500 and 5,000 $ packages).
In addition to the cost of the packages, there is only a one-time web-office opening cost of 79 $.
Having paid this sum, you are entitle to using the web office as long as mining continues.
Can I mine other coins, too, at CryptoGold?
In addition to mining Bitcoin, you can choose 4 other crypto currencies.
At present Bitcoin mining is the most profitable but it can change in the future, depending on the changes in prices and mining difficulty.
Looking at a 36-month period, what yield can I get?
Let’s take the starting point of a 2,000 $ investment at a 10,000 $ BTC value, with a bit more than a year period of 100% return on investment (it can be shorter than a year if the mining difficulty and/or Bitcoin’s price affects it positively in the future). So, using our example, my investment can produce a 300% yield that can be cashed out in 36 months. So, compared to the invested 0.2 bitcoin I can have 0.6 Bitcoin. If you multiply that with the 50,000 $ predicted bitcoin value (mentioned above):
0.6x50,000 = 30,000 $. That is a 15 times return on my investment (1500% ROI).
And we haven’t even calculated here with the extra profit coming from using my priodical yield to purchase further packages during the 3 years of this example period…
How can I pay?
You can choose from several options when you decide to purchase a package. The simplest and least expensive option is to move the given sum through Blocktrail payment method, using our coinbase e-wallet (or any e-wallet) to the CryptoGold account. The short video below is about e-wallet to e-wallet payment: