Alternatives Crypto Investment Options
Here are some alternatives for investing in cryptos and blockchain technologies indirectly.
You can either buy stocks/ETFs/mutual funds in the traditional stock market or be part of the blockchain by mining crypto currencies (either using cloud mining contracts or building your own mining rigs). We do all three; we have mining rigs that we run ourselves and we use cloud mining through Hashflare (after the Bitconnect explosion recently, we don't plan to use cloud mining after our one year contract is completed as we want more control over our mining equipments). In our brokerage account and self-directed IRA where we can only buy stocks/ETFs/mutual funds, we have positions in GBTC, MGTI, and OSTK.
Check out bitcoinIRA.com to buy cryptos in a self-directed IRA.
HashFlare - cloud mining
We bought our cloud mining contract for mining bitcoin through HashFlare (if you are interested, you can pick the SHA-256 cloud mining contract to mine bitcoin with a one year contract).
The cost for the HashFlare bitcoin mining contract was increased by 30% in December due to limited supplies.
YouTube Videos about HashFlare
You can learn more about Hashflare from these youtube videos.
Video from JMS Vlogs
Posted on 12/9/2017: Antminer S9 vs Cloud Mining - HashFlare Review
Take a look ›
Video from Cryptoruff
Posted on 12/8/2017: My HASHFLARE Reinvestment Strategy! + Daily Bitcoin Giveaway
Take a look ›
Video from Zeek Crypto Miner
Posted on 12/7/2017: Hashflare: So I Reinvested for 90 Days and "THIS HAPPEN"!! UPDATE video
Mining Pools
Information about mining pools - something to consider if you want to adjust your mining pool allocation in Hashflare.
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Take a look at these bitcoin mining pools ›
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Take a look at these ethereum mining pools ›
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Investing with Jam Bart video: posted on 1/7/2018 - compares the different cloud mining companies and profitability comparison (Cypterra is the most profitable cloud mining company shown in the video; Genesis Mining, Sun-Mining, World Mining, Hashflare - but consider the risk with each company before making your decision)
From our experience, you get a better return on your investment money by buying the cryptocurrency in this current environment where they are quickly appreciating in value than it is to mine them (after you factor in the initial investment expenses; although the return from mining is much more profitable than any regular investment return you'll get in the traditional business world today). We mine cryptocurrencies to support the blockchain technology - even though the return is not as profitable as directly buying the cryptocurrency and holding it.