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.
Topic: "Bitcoin mining is a Big no!" - page 16. (Read 4020 times)
Bitcoin mining needs huge investment but it is worth to do because in mining we can make stable income and the miners are very important until the bitcoin is living,if there is no miner no bitcoin.So we can't say no to mining if you want bitcoin to be here.
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.
Yes, bitcoin mining is not really big, because it is small and most are not sure whether it is legit or not, many mining sites are just wasted time because they do not transact or transfer.
Unless the difficulty drops a lot and which obviously would have affected the value, then bitcoin mining is a no go area. Those who started few years back mining with their CPUs, switching to GPUs when the difficulty is in no way compared, are the ones enjoying the moment now, since they have been able to expand, but for newbies, that is a terrible path to thread now.
Yes, bitcoin mining is not really big, because it is small and most are not sure whether it is legit or not, many mining sites are just wasted time because they do not transact or transfer.
Unless the difficulty drops a lot and which obviously would have affected the value, then bitcoin mining is a no go area. Those who started few years back mining with their CPUs, switching to GPUs when the difficulty is in no way compared, are the ones enjoying the moment now, since they have been able to expand, but for newbies, that is a terrible path to thread now. 
Cloud is the place to store user information. Bitcoin does not use the user's personal information so there is no reason to exploit it in the cloud, which is unreasonable.
Bitcoin mining is a good thing to do actually but for a person who is having this much of resources that he can arrange some super computers having a fast processing speed and that he needs to set up mining fields. Other than mining fields, a lot of money will also be spent in order to meet the power and electricity problems and other expenditures. Mining is actually not that much feasible thing as compared to that of holding and trading.Mining is not a child's play and unless for those who may just want to go small scale, mine some altcoins without considering the present gain, but the long term of the coin, that is the only way it can make sense. If you do not have a lot to spend, bitcoin mining is a big no.
Cloud is the place to store user information. Bitcoin does not use the user's personal information so there is no reason to exploit it in the cloud, which is unreasonable.
Bitcoin mining is a good thing to do actually but for a person who is having this much of resources that he can arrange some super computers having a fast processing speed and that he needs to set up mining fields. Other than mining fields, a lot of money will also be spent in order to meet the power and electricity problems and other expenditures. Mining is actually not that much feasible thing as compared to that of holding and trading.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?
I don’t know for sure, but as of now I don’t have any interest in Bitcoin mining or anything that has to do with mining. I once had much interest in Bitcoin mining and that was when I was still a newbie, but after the experience I had with Cloud mining, I ruled a big X on Bitcoin mining. I’m no more interested in it and I don’t think I will do it. 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?
If i have only enough capital I will invest mining although mining is risky but gives a good that's the reason of some people become rich because are not afraid to invest.
Mining is a long-term and stable investment. You only need to invest in equipment and start mining until new equipment is replaced. There have been many investors becoming rich with mining jobs from the time that the emerging cryptocurrency market. Currently the difficulty of mining has increased so much profit so much less as before as mining is still a favorite job of many investors.
Cloud mining is a big No... If you sure have the money you can go big by starting a mining farm but if you had like to start small am sure an antminer s9 is OK though it might take you like 7 months to get your ROI due to difficulty and electricity bills.
If i have only enough capital I will invest mining although mining is risky but gives a good that's the reason of some people become rich because are not afraid to invest.
Bitcoin mining is great platform to earn some standard income. But we need some equipment to do that. If we have equipment maybe we earn some good and high profit.
If I want to earn extra, rather than tying down my capital with bitcoin mining that would end up with a lot of headache due to the high level of difficulty and unless you have a lot to invest and you have less electricity rate compared to a lot of countries, then it is better you just buy your coin at dip and hold or trade them. With that, at least I know all I need is just the knowledge and my capital is always going to be intact since I would not be losing most of the time anyway.
Bitcoin mining is great platform to earn some standard income. But we need some equipment to do that. If we have equipment maybe we earn some good and high profit.
If I want to earn extra, rather than tying down my capital with bitcoin mining that would end up with a lot of headache due to the high level of difficulty and unless you have a lot to invest and you have less electricity rate compared to a lot of countries, then it is better you just buy your coin at dip and hold or trade them. With that, at least I know all I need is just the knowledge and my capital is always going to be intact since I would not be losing most of the time anyway. 
I think you should to trust to opinion of those people who made money on bitcoin of course. If you want to mine my advice is to concentrate on real mining, but not on cloud one, and to chose some other coin, Etgerum would be perfect, but not on bitcoin, which private mining is almost impossible to manage already. Good luck!
Talk about mining issues I understand a little, if the ordinary people plunge into the mine to use capital If small capital profit is also small in get, but if you have big capital profits are also big, most of which can manage properly yes get big profits miners first taste
If we see cloudmining is obviously scam because it's look like an hyip or ponzi scheme after the few weeks or few months of paying partcipants it will gone or the founer will run with the funds of the investor. Better to trade or buy an altcoin instead of investing in cloudmining because your profit is depends also what coin you have been invested or to your luck.
Indeed it is risky because you will buy the highly expensive mining equipment and then at the end you will not the profit so it is good to buy the bitcoin and hold for the long time it is profitable and also very reliable and easy way of making money, trading could be risky so it is good to have a lot of information and knowledge about bitcoin trading also try to make long time trading instead of day trading, as it will be more profitable.
If we see cloudmining is obviously scam because it's look like an hyip or ponzi scheme after the few weeks or few months of paying partcipants it will gone or the founer will run with the funds of the investor. Better to trade or buy an altcoin instead of investing in cloudmining because your profit is depends also what coin you have been invested or to your luck.
Based on my own experience, I will advise you not to step a foot on cloud mining, cause it’s not worth it. Cloud mining worthless this time around, and that has been since Bitcoin price went above $1k. When I got into Bitcoin, my favorite used to be Cloud mining, cause then I had no other option. But it was good then, and I was earning a good amount of money. As of now, it’s a No-No., you shouldn’t think of it.
I don’t know of Bitcoin mining, cause I haven’t done it before. But it will be better than cloud mining, I’m very sure of that.
I don’t know of Bitcoin mining, cause I haven’t done it before. But it will be better than cloud mining, I’m very sure of that.
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.
These financial advisers may be a bunch of scammers, and no one will suggest you invest in cloud mining sites, and most bitcoin mining is a scam.
If you're going to invest money in mining, just buy bitcoin, and let it grow in your wallet and I think that's a good way to do it.
I prefer to think of it as incompetence rather than financial advisers being scammers, but as you may guess that could be the case too, the reason I think this is the case is that like in anything there are people that are great at their jobs and there are people that suck and most financial advisers will give you advice you will find in a 10 dollar book or that is just common sense for people like us but some will try to give a few ideas to seem like they have knowledge they do not have and recommend scams as a result.If you're going to invest money in mining, just buy bitcoin, and let it grow in your wallet and I think that's a good way to do it.
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