Bitcoin mining without any devices only android won't work but if you have gpu's and miners installed on a computer you can mine bitcoins.
Mining won't work with mobile phones only. Mining is preferred only for computers which can stay open whole day unlike phones that will be heaten after a long time of usage.
Topic: "Bitcoin mining is a Big no!" - page 3. (Read 4024 times)
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?
To tell you frankly, cloud mining is just a piece of shit. Out of 100% of your capital your ROI after 6 months or more would be 75% only, if you invest on any cloud mining site. But if you buy mining rig like Asic or others it is much good though its expensive and will give you a high cost sometime in electricity, But I think it depends if the area is a cold place. Bitcoin mining machine can really give you a passive income as well.
Bitcoin mining is not the option for me to make passive income because I doubt if one will make enough passive income to cover for his investment. I am yet to see anyone who completed his cloud mining without any issues along the line. Majority of the cloud mining firms are scams. Just buy your bitcoin and hold.
you can ask for some advice and recommendation.
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?
To tell you frankly, cloud mining is just a piece of shit. Out of 100% of your capital your ROI after 6 months or more would be 75% only, if you invest on any cloud mining site. But if you buy mining rig like Asic or others it is much good though its expensive and will give you a high cost sometime in electricity, But I think it depends if the area is a cold place. Bitcoin mining machine can really give you a passive income as well.
The cost of mining is relatively high. First of all, you have to have a large number of mining machines, which have a high configuration and a large amount of electricity, and the temperature of the mine is also processed. And now it's getting harder and harder to dig, so I don't recommend digging! 
One of my friends told me that if the price of bitcoin falls a little more he will stop mining because he told me that the mining is very costly and they make just few hundred dollars in a month because of the bitcoin price in the market. If the price rises they will receive good profit but if the price falls, it will not recover even the mining expenses. Therefore they will have to quit. The cost of mining is relatively high. First of all, you have to have a large number of mining machines, which have a high configuration and a large amount of electricity, and the temperature of the mine is also processed. And now it's getting harder and harder to dig, so I don't recommend digging!
It is right that the cost of mining is very high and due to this many bitcoin miners stopped mining because they cannot fulfill their expenses from the income of bitcoin. When the price is low miners just waste their time and money. They cannot make any profit. It is better to convert your money to some regular business to buy some coins for your future.
Bitcoin mining is one of the best ways to get bitcoin easily but must invest or buy mining equipment. If you understand mining, it is impossible for you to get a daily income as part of a pool, this is what cloud mining provides. Never approach cloud mining for the safety of your investment
I think bitcoin mining has extraordinary services because with bitcoin mining you can get bitcoin without having to think about ways to get bitcoin that still cannot be mining, so with the existence of bitcoin mining we can all get bitcoin in exchange easily.
Cloud Mining has its own advantages and disadvantages. If your finances are limited then cloud mining is not a bad idea, because cloud mining will be less expensive and will not cost you any space. But it's hard to control your profits, because your profits depend on your company's development as well as Bitcoin's digging algorithms, and you can get scam if you don't choose the right company to mine your reputation and the biggest disadvantage is the number of Bitcoins is very few, so it will harder to mine a coin.
In my opinion cloud mining is not good at all. If you want to mine you should start your own mining but never think of cloud mining. When you do not a person, his place how can you invest with such a person. An anonymous person will use your money for himself and if he took away your money you would not be able to claim your money because you don’t know the person or his place.
The cost of mining is relatively high. First of all, you have to have a large number of mining machines, which have a high configuration and a large amount of electricity, and the temperature of the mine is also processed. And now it's getting harder and harder to dig, so I don't recommend digging!
with me, Bitcoin mining is not good for everyone.because most of the cloud mining models are fraudulent so my advice is you don't do bitcoin cloud mining.
The obvious advantage of the cloud mining is that you do not have to worry about expenses for equipment or electricity.
Cons: Contracts can be terminated unilaterally depending on the bitcoin price, lower margins, and hard to control.
There are many types of cloud mining, but the most common way is to rent hash power. Risks and rewards, This digging method may be effective in the first few months, but bitcoin mining is a tough one, and you may start to lose money for 4-6 months or longer. One possible remedy for this situation is to reinvest what you have done to maintain the ratio competitively, but this is highly speculative.
Cons: Contracts can be terminated unilaterally depending on the bitcoin price, lower margins, and hard to control.
There are many types of cloud mining, but the most common way is to rent hash power. Risks and rewards, This digging method may be effective in the first few months, but bitcoin mining is a tough one, and you may start to lose money for 4-6 months or longer. One possible remedy for this situation is to reinvest what you have done to maintain the ratio competitively, but this is highly speculative.
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?
Bitcoin mining is not meant for everyone, there are people it is meant for and that’s those that can afford it. If you’re not interested, there are others who are and they are gaining much from it, despite it doesn’t work for you. I haven’t done any of them, but my friend is into cloud mining and recently he complained that it’s no longer good as it used to be in the past. I’m looking forward to trying that cloud mining, it’s best to experience and know if it’s good or not.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?
Despite high costs, the consensus is that bitcoin mining hardware remains far more profitable than cloud mining. Perhaps the biggest benefit of cloud mining is the overall ease of use because it does not require difficult hardware installation and avoids unpredictable electricity costs. However, most in the cryptocurrency community will agree that if you cannot start hardware mining operations, it might be better to get profits through trading rather than going to the cloud mining route.
Truly to be sure bitcoin mining is enormous no in light of the fact that cloud mining itself even is unsafe than solo mining and this isn't prescribed particularly there are a lot of cloud mining trick site who just encouraging us huge benefit yet in the long run they just will stole our cash and vanish and I for one had a few times got misled by cloud mining and I could never trust again them until at whatever point.
Cloud Mining has its own advantages and disadvantages. If your finances are limited then cloud mining is not a bad idea, because cloud mining will be less expensive and will not cost you any space. But it's hard to control your profits, because your profits depend on your company's development as well as Bitcoin's digging algorithms, and you can get scam if you don't choose the right company to mine your reputation and the biggest disadvantage is the number of Bitcoins is very few, so it will harder to mine a coin.
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?
Bitcoin mining is not meant for everyone, there are people it is meant for and that’s those that can afford it. If you’re not interested, there are others who are and they are gaining much from it, despite it doesn’t work for you. I haven’t done any of them, but my friend is into cloud mining and recently he complained that it’s no longer good as it used to be in the past. I’m looking forward to trying that cloud mining, it’s best to experience and know if it’s good or not. 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?
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?
Please can you tell me any cloud mining that is good and brings decent profit? I wanted to do cloud mining before, but my friends were saying that I shouldn’t do it cause it doesn’t really work and that they don’t pay these days. So I have been considering to go for the real mining to see how it’s going to work, but no money to start it yet. I would like a cloud mining that allows users to start investing from a low amount. 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?
Bitcoin mining is not good for everyone due to the expenses that follows; the power consumes and the rest of them. So it’s only those that are living a country where there is low cost for power supply that can do Bitcoin mining. But I heard that Cloud mining is very good and derive a decent income for those who invest in it.
I have registered on Genesis Cloud Mining, but I’d like to do some more research first before I decide to invest my money, I can’t just make decision just because of what one person told me, I prefer to get people’s opinion on whatever I’m doing, especially things like this to know when I’m doing the right and wrong.
Cloud mining is not profitable at all, I did it when I was new to bitcoin, there I invested and the results I got were very lost and my investment just disappeared even though occasionally there is bitcoin entering my bitcoin address associated with the cloud mining. The mining was very popular at the time and I also received recommendations from friends. But after a long period of time, the results were not profitable until I left them and forgot about the disappointments and losses. Cloud mining in my opinion is a scam. If you have found the best, you can share it here. I have registered on Genesis Cloud Mining, but I’d like to do some more research first before I decide to invest my money, I can’t just make decision just because of what one person told me, I prefer to get people’s opinion on whatever I’m doing, especially things like this to know when I’m doing the right and wrong.
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