Topic: "Bitcoin mining is a Big no!" - page 15. (Read 4020 times)
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
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.
it is true that you say, sometimes we do not know that mining is a scam or not but more scams ponzy, there is a reputable site that I think is legal and no element of scam, it is true income there is very small but definitely in earnings.
Mining is, of course, the best way to get bitcoin, but you need a lot of machinery and huge financial resources to support it.
But you said that this cloud mining I think it is a liar, do not want to believe in what cloud mining, not to invest money.
But you said that this cloud mining I think it is a liar, do not want to believe in what cloud mining, not to invest money.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.
Yes, it is very difficult to buy the equipment because I dont have much knowledge about the mining. I find mining needs a lot of time to mature the Bitcoin. Even the hardware seems to very expensive and which normal person cannot able to invest because of equipment cost.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.
Same happened to me, not with 1 btc, I invested much less but cloud mining site I chose disappeared one day. Since then I never invested in cloud mining again, but I tried few along the way with their free hash they give for new members, with that free I never earned nothing, I didn`t withdraw a cent from all that free, faucets can be considered as good way of earning compared with cloud mining. It`s my experience, but I understand what op is trying to say, I see people who talk good about cloud mining, I always thought they are paid to do that, there is no other explanation.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.
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.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. 
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
Cloud mining is really shady especially those new ones. They found this scheme as something easy to fool investors. I became an investor of it before too, I can't remember if it's a Ponzi or cloud mining but still in the end I became a victim and scammed. Charge to experience, there's nothing permanent in this world unless you are earning through legit and real investments. Just don't invest in cloud mining anymore if someone wants to mine, build your own rig.
I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining
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?
Cloud mining is rubbish, and most cloud sites are now deceiving investors and not investing any money.
They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.
I think the best way is to invest in bitcoins rather than cloud mining.
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?
Cloud mining is rubbish, and most cloud sites are now deceiving investors and not investing any money.
They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.
I think the best way is to invest in bitcoins rather than cloud mining.
Mining is good and it a good income generating way, but some most of the mining are scam. The best is to last ok for a trusted one to invest on...
im trying to launch a small scale mining, but i really think that i've just loose the big buck in this already. With the advent of mining (in each type/form etc) I now that the money is not there anymore to be made. I dont see a bright future for small scale operations and to this point is the main thing that is stopping me from kickstart my own.
Mining is good and it a good income generating way, but some most of the mining are scam. The best is to last ok for a trusted one to invest on...
it is true that in mining can have a passive advantage, and must have a high patience, all there is a process to get high profits, if you want to have many profits you must have a referral that a lot of at least 15 people will get profits flowing profusely.
You can set up a mining field if you want to but the point is mining can only be profitable if you are living in a country which is full of resources and the place where you can get electricity all the time and that too at lower rates. Otherwise, it will get very much difficult for you to manage the things and that it will get to much costly as well for having all the things which can then help you in mining. Cloud mining says its advantages; A quiet, warm home - no constant hum of the fans, without increasing power costs, when mining stop profit, no equipment, can sell hot, no ventilation problems, reducing down by mining equipment suppliers.
But I tell you all the cloud mining is a fraud. No one would suggest you invest in cloud mining sites because they are mostly ponzi schemes.
But I tell you all the cloud mining is a fraud. No one would suggest you invest in cloud mining sites because they are mostly ponzi schemes.
no , not all. There are still few cloud mining sites that are legit. one example is hashflare and nicechash. but i think working on them is still pain on the ass because you cannot expect to earn a sufficient profit while mining on them. much better if you can just stop mining and start on buying and investing or maybe trading in order to earn huge returns for your capital. mining is only good if you have a lot of them and if you are doing it for a business purposes because you woudnt mind the overall cost.
So its obvious these days Bitcoin mining is not so profitable compared to trading & holding
just buy & Hodl
just buy & Hodl
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