Topic: "Bitcoin mining is a Big no!" (Read 4020 times)
Bitcoin mining can be good and bad at the same time, but if you can have the stamina to go through these conditions you can earn high profit. Cloud mining is a good choice for you. It will be better for you.
I can't advise anyone to venture into bitcoin mining for now because it doesn't seem profitable in any way in my view and majority of the cloud mining firms are scam. You are likely not going to get all your money back. Bitcoin is cheap now, to buy and hold.
I suggest you be more careful, because now many people offer and invite you to invest in the ponzi mining site, including what you say now.
better you invest in something that is certain, for example, put some of your assets to invest in bitcoin or other altcoins that are clear and widely used as transactions such as ETH and other coins.
better you invest in something that is certain, for example, put some of your assets to invest in bitcoin or other altcoins that are clear and widely used as transactions such as ETH and other coins.
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What! All in to your site! Be careful guys dont click or visit his site its 100% scam, just go to bathroom and wash your body because no body will be interested in your dirty site. For now its hard to mine bitcoin that is why many people are turning to mine altcoin which is more efficient for now. Me i started to mine ethereum and left my bitcoin miner.
Provide all your family money. Invest in Elirtex. Our website
What! All in to your site! Be careful guys dont click or visit his site its 100% scam, just go to bathroom and wash your body because no body will be interested in your dirty site. For now its hard to mine bitcoin that is why many people are turning to mine altcoin which is more efficient for now. Me i started to mine ethereum and left my bitcoin miner.
Mining is said to be the backbone to the entire cryptocurrency operation, right now due to the low profitability and the increased power consumption charge mining operations have decreased significantly. This too can be a reason for the fall of the cryptocurrency market which is predicted to flourish throughout the year.
In fact bitcoin price is trading in a low price for a long time, and in most of the places the electricity cost is too much, therefore It is too much expensive there to mine bitcoin, and that is the reason that most of the miners are not happy with the current bitcoin price.
For me its a big no, many of this cloud mining things nowadays are a scam and I think the mining hype is now over.
Because cloud mining is almost entirely scamm, first they did pay but eventually they didn't pay. they are lost and they are running away with investor money.
i have experienced it
That's true, myself too haven't found any legit cloud mining services. Initially they pay and when days pass we won't be paid. Also we cannot request or do anything as each and every process happens through internet. Now as the price has fallen low no coin seems profitable to mine.i have experienced it
Yes, Bitcoin mining and Cloud mining is waste in investing those because with difficulty in mining Bitcoin it is impossible to make fast Bitcoins in the market. At the same time, cloud mining services will take investment from us and they will share some % to us in the beginning and after they will scam us without any payments.
Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
I think this will only gain a 4 out of 10 rating if Roger Ebert will reviews on cloud mining. It really disappointing when you take a long period of patience and just a fruition of nothing. It really scams in people who might think the road is unfamiliar leading them into danger and risks.
why can't it be big ...? , because bitcoin has not been officially used as a currency, and many do not know bitcoin, therefore bitcoin cannot be perfect yet. If bitcoin can often make campaigns, it is likely that bitcoin can be a big mining
No the reason is not that it is not centralized but the reason is that miners do not get profit because of low price of bitcoin. When the price rises up miners make more profit because they receive big money for their bitcoin. Now the expenses are high and profit is less. If the price falls a bit more they will definitely stop mining. Not earning is better than losing money and time.why can't it be big ...? , because bitcoin has not been officially used as a currency, and many do not know bitcoin, therefore bitcoin cannot be perfect yet. If bitcoin can often make campaigns, it is likely that bitcoin can be a big mining
No the reason is not that it is not centralized but the reason is that miners do not get profit because of low price of bitcoin. When the price rises up miners make more profit because they receive big money for their bitcoin. Now the expenses are high and profit is less. If the price falls a bit more they will definitely stop mining. Not earning is better than losing money and time.
Mining is said to be the backbone to the entire cryptocurrency operation, right now due to the low profitability and the increased power consumption charge mining operations have decreased significantly. This too can be a reason for the fall of the cryptocurrency market which is predicted to flourish throughout the year.
Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Basically in the world or industry of mining bitcoin, you need a right amount of knowledge regarding on how and why it's very risky yet profitable. In the case as of now we can see that bitcoin is very low, and some people are using mining to get out of it, to somehow earn. Which is very beneficial because mining is a passive income, and yes its very expensive, well despite the fact that it's expensive. In the end it's all worth it, so for me and for what i believe is bitcoin mining is a big YES.
We are seeing many cloud mining based companies scamming a lot of people in the market which makes us it is a very tough job to make coins through the mining. So it is very hard to get Bitcoin through mining because due to difficulty now we are facing it which it will take time to mature coins.
Because cloud mining is almost entirely scamm, first they did pay but eventually they didn't pay. they are lost and they are running away with investor money.
i have experienced it
That's true, myself too haven't found any legit cloud mining services. Initially they pay and when days pass we won't be paid. Also we cannot request or do anything as each and every process happens through internet. Now as the price has fallen low no coin seems profitable to mine. i have experienced it
Now bitcoin mining is not profitable because the difficulty of maturing the coins are taking too long. So now we are in an unpredictable situation so if we are not making profits better stay away from bitcoin mining otherwise expenses of power consumption will be more.
I think wse should not think like this, mining is the best source of earning for a lot of people, we should be wise while making decisions, it is not good to say no for anything related to cryptocurrency because any investment can make us rich, no matter it is investment, trading, or mining, all we need is money and experience, if we are good at something only then we should try but patience should be our first thing to choose for making profit.
Because cloud mining is almost entirely scamm, first they did pay but eventually they didn't pay. they are lost and they are running away with investor money.
i have experienced it
i have experienced it
you can ask for some advice and recommendation.
Most of the miners are in Asia, because the cost of mining is low in Asian countries. In west the labor cost is high and miners cannot save handsome money. That’s why they are quitting mining or mining very small quantity. Mining is no more profitable and when there is no profit why one should waste time and money in such activity or business.why can't it be big ...? , because bitcoin has not been officially used as a currency, and many do not know bitcoin, therefore bitcoin cannot be perfect yet. If bitcoin can often make campaigns, it is likely that bitcoin can be a big mining
No the reason is not that it is not centralized but the reason is that miners do not get profit because of low price of bitcoin. When the price rises up miners make more profit because they receive big money for their bitcoin. Now the expenses are high and profit is less. If the price falls a bit more they will definitely stop mining. Not earning is better than losing money and time. Bitcoin mining before is much profitable but when the value rising it became too hard to get profit in mining but still there are company that continuous using this method to generate income and i do not know if there are still individual who are continuous mining even this time which very hard to mine bitcoin.
With the fallen prices in btc, mining is not recommended and I do not intend to do it. It is better to upgrade your skills in trading, identify investment opportunities with ICO coins can yield you much profits in the short and long term rather than mining the coins now.
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