My Omnia Cloud mining has yielded disappointing results so far but this is not surprising considering the massive drop in values.
After an initial investment of 500 USD Current mining Earnings 0.72 USD per day Means it will take a whopping 694 Days to break even, ...that's just under 2 years.
It seems Omnia makes more money from the Multi-Level Marketing aspect than the actual mining at the moment. The Pay-out procedure is very rigid, ridiculously slow and non-transparent only allowing me to withdrawal my cryptocurrency once (1) a week on Thursdays.
With this scenario, it’s easy to see why Newbie Crypto investors would be sceptical but it all depends on your reasons for getting into Crypto. For me, the opportunity to remain unseen by central banking is attractive. Also, sidestepping the technical hassle and cost of setting up mining servers is excellent.
Today’s Lesson: Define your Crypto goals whether it’s short-term profit to be transferred back to Central banks or leveraging the ability to buy or sell using Cryptocurrencies.
After all, Money is just one big Game anyway