MVU Cloud Mining is a cloud mining service with a good reputation. In this post, I’ll examine the company in-depth and tell you what you need to know before signing up to it.
MVU Cloud Mining Review Summary
MVU Cloud Mining is a cloud mining company that provide supply various mining contracts.This review will prove that cloud mining with MVU Cloud Mining is a wise investment.
If you want a more detailed review keep on reading, here’s what I’ll cover:
1. Cloud Mining in a Nutshell
Cloud mining is not buying a Bitcoin minerstoring it, configuring it, and cooling it (which costs a lot of money and consumes time), you “rent” a miner and have someone run it for you. You then split whatever profits that miner makes with the service provider.In short, cloud mining is a term describing companies that rent out mining hardware and mine for you. You split the profits with them (on top of paying them a fee) and avoid the need to buy and maintain expensive mining equipment.My main criticism about cloud mining companies is that the majority of them are just Ponzi schemes in disguise.I always tell people who ask me about cloud mining is that I think 99.99% of the companies who offer cloud mining services are probably scams.
They take your money, but they don’t actually buy and run miners for you. They just keep on paying you from new users that come onboard until all of a sudden, they disappear . However, not all cloud mining companies are complete scams. Some are just bad investments.0.01% of companies actually run mining hardware and mine Bitcoins for you. MVU Cloud Mining is one of them.
Today I want to dig in deeper into the cloud mining business model and try to answer the question – is it profitable to cloud mine Bitcoins?
2. MVU Cloud Mining Review
The MVU cloud mining (mvu.com) has a global deployment of mining farms around the world, and has invested in several large-scale mines and IDC computer rooms in Asia. The main hashrate is mainly distributed in power resources Sichuan/Yunnan/Xinjiang/Inner Mongolia in China, as well as Kazakhstan/Russia.
The goal of MVU is to make cloud mining not only to cryptocurrency enthusiasts, but also for ordinary users. MVU greatly reduces the input cost of cryptocurrency miners through the method of sharing miner hashrate. There is no need to purchase expensive equipment, and there is no need to waste time for setup and maintenance, so that everyone can participate in cryptocurrency mining.
MVU cloud mining was founded in 2018, the goal of MVU is to make cloud mining not only to cryptocurrency enthusiasts, but also for ordinary users. MVU greatly reduces the input cost of cryptocurrency miners through the method of sharing miner hashrate. It’s definitely one of the safest companies when it comes to cloud mining.The current rough estimate is that the site has around 150 thousand visitors each month.
Its main hashrate is mainly distributed in power resources Sichuan/Yunnan/Xinjiang/Inner Mongolia in China, as well as Kazakhstan/Russia.
3. Is It Profitable to Mine with MVU Cloud Mining?
The idea of cloud mining is very simple: Instead of spending thousands of dollars on mining hardware and all the necessary gear to support it, you can lease everything from someone else and keep the profits to yourself.The company that rents out the miners takes care of the maintenance and all of the hassle of setting them up. In order to answer the question of profitability, all you need to do is run a few calculations.
I’m going to run my calculations on the Get 3-day 280MH/s experience and 14-day special offer package from MVU, whichare also labeled as the “best buy”.
3-day 280MH/s experience
It cost us $29 and provide us 280MH/s ETH in 3 days.
According to https://www.binance.com/ we can see the price of ETH is $2215.63 on April 25th, so 280MH/s one day we can earn $12.6956(0.00573160ETH*$2215.63= $12.6956)
And we can earn about $38.0866(total revenue)- $29(package cost) in three days.
14-day special offer
The contract is cost us$99 and provides us 200MH/s in 14 days.
According to https://www.binance.com/ we can see the price of ETH is $2215.63 on April 25th.
So 200MH/s one day we can earn about $9.16( $2215.63*0.004088)
And we can earn about $128.24(total revenue)- $99(package cost) in 14 days.
To sum it up, I’d be investing $128 only no lose and receive $38.306 after 14 days.
4.MVU Cloud Mining is a Good Investment
why I say this, because its main packages’ period is very short, and the price of crypto currency don’t change seriously in these days.
Considering the above, it seems that no matter what happens to Bitcoin’s price, MVU Cloud Mining is a very wise investment.
5.Conclusion – Is MVU Cloud Mining Legit?
In my opinion, I currently think MVU Cloud Mining is legit and it’s a good investment. But I still have opinions on its long-term development, but we can invest in some of its short-term projects, at least to ensure that we do not lose money, we need to seize every opportunity to make money, I will continue to pay attention to this platform.
How to register MVU Cloud Mining?
You can use my affiliate link to enter the website.