I've seen many huge cloud mining sites that turned into a scams but the real bitcoin mining where you have the hardware is legit. You just need to check first if you can handle the electricity bill but nevertheless it's still profitable.
There is nothing bad in doing bitcoin mining or the mining of any other crypto coin and that there are people who have set up mining fields and that they are using those fields to mine the crypto coins. However, the only thing which you must keep in your mind is that it is very much costly thing to do and that this will result in lot of consumption of the resources along with huge investment amount. 
Topic: "Bitcoin mining is a Big no!" - page 14. (Read 4020 times)
Any investor who told you the best way to earn bitcoin is cloud mining is likely not a good investor. Think about it, you are paying for someone else’s electricity, time, space, and equipment and they expect to see a profit on their investment. If you pay a low enough rate per kWh, you could likely turn a much better profit on your own.
Currently, the best option is to just buy BTC with fiat and hold onto it.
Currently, the best option is to just buy BTC with fiat and hold onto it.
Out of 100 only. 01% are real things when it comes to offering Claudio mining on Bitcoin, and the the rest is just 'drawing' if you know what I mean, the most of them are just fake and scam pretending to be a real apps for miners but only slowly curruption your account and some basic information about their miners to penetrate of their personal accounts or related accounts.
Mining is already archaic method. it takes too much efforts and resources to earn some coins instead. I think the future is for staking
Maybe because those different people earn through their waya and they are more on it than the other. I would suggest you to try on the second opinion you got because it is not that risky and you will not provide a big money for it.
It's a big NO for me because bitcoin mining is very costly and no lifetime assurance
Maybe because those different people earn through their waya and they are more on it than the other. I would suggest you to try on the second opinion you got because it is not that risky and you will not provide a big money for it.
hard to Mining Bitcoin now 
difficulty and high hs , and also Expensive Miner tool
difficulty and high hs , and also Expensive Miner tool 
Lots have been said about Bitcoin mining... it's profitable, yes, can't argue against that, if managed well. But what's definitely obscure for me is the profitability of cloud mining sites. Almost everyone would agree from this forum that these are scams and I tend to agree.
If you want to mine, there's no choice. you've got to do it yourself. Cloud miners, legitimate or not, never show you what's actually going on with the hashpower you bought. And if you understand mining properly, there's no way you can earn fixed daily income as part of a pool. Which is what cloud mining offers. Just stay away, for the sake of your investment.
If you want to mine, there's no choice. you've got to do it yourself. Cloud miners, legitimate or not, never show you what's actually going on with the hashpower you bought. And if you understand mining properly, there's no way you can earn fixed daily income as part of a pool. Which is what cloud mining offers. Just stay away, for the sake of your investment.
I've seen many huge cloud mining sites that turned into a scams but the real bitcoin mining where you have the hardware is legit. You just need to check first if you can handle the electricity bill but nevertheless it's still profitable.
i think cloud mining is a scam . if it is profitable , they can mine bitcoin on their own . buying hardware for excavation will put a lot of money and expensive electricity . the profit will be several years later . the best strategy is to buy bitcoin directly .
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?
Remember to always make your own research and also remember the next, try to listen to people that have expertise in whatever you want to know, a financial advisor may know about how to manage fiat and other investments but he probably doesn't know anything about bitcoin, those people that have said to you that cloudmining is a bad idea are right you should never invest in anything like that. 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?
Could support for ripple, eth, bcc, doge, ltc, dash and other alts be a good foundation upon which to build a small business?
Well it's altcoin and it's better or should i say it's more profitable on short term investment though , you can take a look on this site let me know what you think though https://www.cryptocompare.com/mining/pools/coinotron/ .
I do not think so. The current mining of Bitcoin is a major problem for miners. Especially in the current period, when Bitcoin prices are below $ 9,000. The import, investment of machines with large amounts, the use of electricity to maintain the operating machinery will be charged very high. It is hard for Bitcoin diggers today.
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?
Mining bitcoins can be a little bit expensive rather than investing in them or working for an ico in exchange to their coin and that can gube you coins that you will.sell into bitcoins. Because because if that mining thing the video card of a computer is getting expensive too beca of the higher demads and the lower supply and that thing is the thing thatbis being used in the mining so you cannot start doing mining if you do not have that GPU. And the pc gamers is being affected too. Just stick with the other ways.
Why not folks, if you have enough capital, low value of electricity, good country weather, updated system technology knowledge (specially in bitcoin). It's up to you, just always remember "time flies away like an arrow". So decide now and be a source of bitcoin, cause this is the future currency.
But you are only signally the pros, there are many cons as well, there a lot of things that you need to deal with before you become a successful miner for example if you life in a country with difficult access it can be difficult to get your miners and is not rare to get some faulty unit and if that happens it is going to be very difficult to return it back and get another one, you need to calculate very well the profit that you are planning to get and the price of bitcoin but if it varies wildly as it's very likely then your profits could be lesser than you thought and you could operate for a loss for a long time.
Bitcoin Mining is profitable to people whose financial status is good because for we need to invest a lot of amount for the equipment. Now already many people who are mining is facing the mining difficulty to mature 1 Bitcoin, with this difficulty how can the normal financial person survive with Bitcoin mining.
Yes bitcoin mining is one of the good way to earn profitable bitcoin in a short way but it expenses a lot of investment in mining devices so we cannot make or put higher amount but once you will invest in bitcoin it will give profit continuely.
Bitcoin Mining is profitable to people whose financial status is good because for we need to invest a lot of amount for the equipment. Now already many people who are mining is facing the mining difficulty to mature 1 Bitcoin, with this difficulty how can the normal financial person survive with Bitcoin mining.
I think it depends on your financial stability. Earning 80k a year through minin isn't worth if for some people so I think this question is relative. Yes mining bitcoin is a good idea but there are probably more profitable routes you can go down with the right expertise
Agreed. The best mining infrastructure still has a 15 month ROI. Of course, thereafter it's perpetuity, but how much longer? Depends on how hard you are overclocking your cards and air temperature with circulation environment. Otherwise, worst case scenario if someone doesn't know what to do, they should receive their returns in 26 months. In this market, there's better profits with just investing in Top 10 of the coins market where someone will yield returns for doing literally nothing in a 12 month period. If you have an appetite to further risk your funds, study and review ICO's. More money to be made then mining. Mining is a good way to get a passive income. But mining bitcoin right now is not a good idea. You see the difficulty in mining bitcoin is much higher than before. I think you should try mining altcoins instead.
D you have an recomendation what is the good coin to mine? Have you heard about decred?If you do not have a lot of money to buy or rent mining tools and experience mining bitcoin do not have to do that. If it fails then you will lose. There are many other ways to profit for example trading and participate in bounty campaign.
Yes and it is the main reason why I say NO to mining because it consume a lot of money only to buy the mining equipment's and after that it uses a lot of electricity that you will have to pay the bills every month. For user we have a lot of way to make profit from bitcoin then there is no need to stick with mining only, if you have capital to invest then buy bitcoin, install your wallet and transfer all your bitcoin in your wallet... How simple is that so thinking it is good to say YES for investment and say NO to the mining. Jump to: