Topic: "Bitcoin mining is a Big no!" - page 5. (Read 4020 times)
cloud mining has its own advantage and disadvantage. Advantages: Environmentally friendly, energy saving. Cons: Hard to control the profit, your profit depends on the development of the company as well as Bitcoin digging algorithm. You may be scammed if you do not choose the right mining company. In case your financial capacity is limited, Cloud technology will be a good choice for you.
What they think is short-term benefits so that mining is not recommended by them. First, capital mining is quite large because it requires mining tools, servers (if you want to solo mining), places that are cool enough, and there are many more costs to pay, and bitcoin fluctuations that tend to be extreme make bitcoin mining very risky.
Don't you know about mining using your cellphone? One of my close friend told me about that , do you thing that the cellphone mining is legal and worth it? I'm just curious and playing on the safest mode about this one. Cause my cellphone is very important to me, specially in my work . Thanks in advance!
Well I have no idea about it yet but if it is true then trust me I am very happy because I have heard about mining that it has huge profit indeed, so if you have money to pay for bills and to buy equipment you can go for mining, it has a lot of profit and it will help you overcome all the money you invested to buy equipment and to pay for electricity bills.
mining has its own good and bad points. The good points are Environmentally-friendly, power-saving and you do not have to sacrifice any of your electricity bills with Cloud technology. the Bad points are Hard to control the profit, your profit depends on the development of the company as well as Bitcoin digging algorithm. You may be scammed if you do not choose the right reputable digging company.
Don't you know about mining using your cellphone? One of my close friend told me about that , do you thing that the cellphone mining is legal and worth it? I'm just curious and playing on the safest mode about this one. Cause my cellphone is very important to me, specially in my work . Thanks in advance!
Most especially some faucets... They suck.
Bitcoin Mining is profitable to people whose financial status is good because for we need to invest a lot of amount for the equipment also they can have cheap energy, low tax and better price for eguipment. 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 we all are very successful with the bitcoin mining because the circulation of bitcoin currently depends on the existence of mining that gives bitcoin to buyers who are in the place of exchange.
In this scheme bitcoin mining is beneficial only for the service provider. It will remain in profit in any case, and you will receive losses when the price of bitcoins is reduced.
The problem with cloud mining is that there are many rights to web administrators.
Investment is self-responsibility, but I think that it is a question whether you are fulfilling the obligation to properly manage, return and pay your capital.
As an advantage, you can start with free, but many services are much more risky than mining yourself.
Investment is self-responsibility, but I think that it is a question whether you are fulfilling the obligation to properly manage, return and pay your capital.
As an advantage, you can start with free, but many services are much more risky than mining yourself.
For me bitcoin mining has become less profitable and most cloud mining has a big potential to be a fraud.
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 cloud mining is not profitable any more.. Because mining difficulty is going to moon like a jet.. I also have 2 TH/s cloud mining contract.. Profits are getting low in every 2 weeks.. 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 quite profitable. Due to competition among miners for who earns the node, it require a high capital, and numerous devices linked together to generate enough computing power to solve the cryptograhic puzzle.
my advice is you don't do bitcoin cloud mining because most of the cloud mining models are fraudulent, if you want to mine bitcoin you use a special bitcoin mining tool, but the price in my opinion is very expensive but in accordance with what you get, but for now mining bitcoin is not profitable
Bitcoin mining is not profitable these days unless you have a mining farm. You will have to spend and invest much more than you will profit. Despite that there are still few enthusiasts that beleive mining will bring them profit.
On the other hand cloud mining is mostly scam and something it should be avoided unless you don't want to lose your money.
The clear conclusion is that individual mining belongs to sone past times and that you have to choose some other investment type.
On the other hand cloud mining is mostly scam and something it should be avoided unless you don't want to lose your money.
The clear conclusion is that individual mining belongs to sone past times and that you have to choose some other investment type.
That is true and for you to have a profit you should better mine other cryptocurrency for instance EthereumClassic, Pirl, Metaverse and Ethereum are still viable for GPU mining. And unless the market goes in an uptrend and bulls mining will not be the profitable specially the prices if hardware like GPUs are starting to decline due to demand.
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.
Bitcoin mining is a no for gpu and CPU owners who wants to mine Btc ,the hashrate has skyrocket and it has makes GPUs and cpus rather useless ,asic miners is the only ways ,and please people should stop using cloud mining or face the consequence.
the term is now playing the digital market or money bitcoin online, and not a few people are getting the coins indirectly sold but collected or mined to great or market price is high, it can be so lucky later could be even down market price, not forever coins collected will be sold expensive.
“Cloud mining” is not the best mining method, although it seems more convenient and fast, but 70% of “cloud mining” is fraudulent!
Up to 90% of them, most of them are fraud. It is best to invest and exploit yourself if you live in a place where electricity is cheap.
“Cloud mining” is not the best mining method, although it seems more convenient and fast, but 70% of “cloud mining” is fraudulent!
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