humanity's dream to make a money - page 2.

qwertyup23

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

If it were that easy, then everyone would be doing it right now. Remember that there are no easy ways of earning money- everything involves a set of sacrifices and equivalent to the point that you invest something.

Bitcoin mining is a difficult and complex process to follow given its nature. The problem is, you must have the set of equipments in order for you to pursue it. In addition, a constant flow of heavy consumption of electricity is used in the process.

To conclude, remember that there is no easy way of earning money. If if were that easy, then everyone would be rich now.

imamusma

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Quote from: pooya87 on May 01, 2023, 12:33:55 AM

Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

the bitcoin miner can give u money without work bitcoin

What bitcoin miners and other PoW altcoin miners do is literary called "work". There is no money earned without work anywhere including in the cryptocurrency world. Of course your definition of "work" may be flawed if you think work is only something you physically perform with your hands or a shovel!

I honestly wonder why the OP was so naive not to know what work meant, and of course it's kind of ridiculous to say that only physical activity counts as work while others like mining are not considered work.

In this world there are many sources of income that do not really need physical activity, but they need a budged with which to make profit. Trading, mining and investing are some examples, but without working "even with the mind" returns cannot be expected either.

Mpamaegbu

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Quote from: libert19 on April 30, 2023, 09:26:49 PM

Humanity's work is usually to get riches first, so money can start working for them.

I bet you there are a lot of people who've made this money but still slave for it. They're rich but still grind in the treadmill on a daily without taking a chill to enjoy what they've worked for. Under sun or rain they're out there trying to earn more. These ones are unknowingly working for their next of kin or whoever that will eventually have access to their wealth. That's to say not all who struggle to make money find enough time to enjoy it before passing on.

Mauser

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

Sorry but this concept is not going. If everybody only wants money without working for it than the economy is going to collapse. Let's say that only the people who really love their job will continue working and everybody else quits, hoping that crypto currencies and the government assistance programs will take of everything. Than we would all be in big trouble. A country can't function without money. Who would stand up in the middle to bake your bread, collect trash from the streets or cleans toilets. There are so many jobs that if we would money for free nobody would be doing it anymore. Also what me and making money for you? 5% per year? Or 100? It still comes down to how much capital you already own. Starting from 0 is very hard.

BIT-BENDER

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Can you mine a Bitcoin for free?

Technically, mining the Bitcoin can be done for free, as the software has no cost associated with it. However, there are huge costs involved with the hardware and electricity expenses.

Mining equipment requires a lot of power, and it could cost as much as 73,000 dollars to process a Bitcoin, depending on the electricity costs in one's area.

It is possible to join a mining pool to harness to computational power of hardware owned by several miners, but then each miner only receives a portion of the mined Bitcoin.

https://amp.marca.com/en/lifestyle/2022/01/09/61dae6bce2704e17408b45db.html

This is just an average estimate it could really be higher, the expenses that miners has to meet up with so that they can remain in the competition is high.

Dreams and reality are two separate things, as a human you have to work for what you earn, the mining industry is not a bed of roses, you actually have to have good capital before you can survive.

Those who earn/make money now with minimum effort has putting in the work sometime in their existence, you can’t skip that WORK process.

justdimin

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Quote from: worle1bm on May 01, 2023, 04:03:57 AM

So you think you can just earn by mining without doing anything at all? The humanity which believes in doing nothing and getting paid for it have nothing in their hand as you can't get anything for free here.The mining you are talking about needs ASIC investment and then electricity cost and much more but still there's no guarantee you will earn rewards for it and they are working for it.So you need to understand these things before making such statements and comparing it with bitcoin which has lot to do and solve financial problems.

I really detest that type of thinking as well. It shouldn't be possible to make money without doing anything, that shouldn't even be possible if you ask me. There are some rich people who do that for sure, there are some rich people who made so much money that they just buy some stocks and retire and they live off that without an issue.

But even that shouldn't be possible, people should be either spending time or money or something in order to make money. If you just sit on your chair and watch movies all day and still making money, then it means there is something wrong with that economy. I personally believe that even if it's a small work, or a small amount of money, if you profited, you should have done something for it without a doubt.

Litzki1990

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People's thoughts are always different. Our mind always thinks how to earn more money with less work. And some people want to earn money without any effort, basically it is human nature. Because people will never choose the hard option over the easy option. When people have no second option, people choose relatively more laborious work. Earning from mining is less hard work for people but mining is not that easy. Mining also requires us to work hard. Various equipment mining setups require physical and mental effort to do these things. Basically money cannot be earned without hard work. It is natural that you have to work hard to earn money.

kryptqnick

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This isn't that simple. Bitcoin miner machine costs money, a place where you're storing it also costs money (unless you already own property where it can be done), electricity from its work costs money, and you may need to buy additional cooling equipment and/or at least loosely monitor your mining activities. So it may not involve as much work, but it involves spending money, and you need to work on planning it all right, ensuring that you'll get your mining operations to a profitable level, possible file your tax reports, manage situations (if something breaks or malfunctions, neighbors complain about the noise etc.).

xSkylarx

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It is really a passive income, but not all can do this. The truth is that anyone can earn passively anywhere with just those mining rigs and the internet, because most of us only know that the passive income we could get is from our businesses. If our businesses are going well, it means that we are only managing them, and even if we are asleep, we can still generate money. But again, if we are talking about profit on it, it is not that good, but it still serves the purpose of earning passively. On the other hand, like investing in it, it is also great as we can earn huge amounts just by holding it.

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Quote from: ultrloa on May 01, 2023, 05:43:45 AM

Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

That dream could lead you at risk of danger or anything harmful since dreaming to earn money without lifting a finger or put any effort on it is really close to impossible. If you think miner could make that happen well you also need to consider many things since in some places mining bitcoin is not profitable to them due to high electricity cost and other maintenance expenses.

Live on realistic life and search for better paying jobs so that you can live a comfortable life if you really want this to happen.

What OP said is not wrong, it is not OP's own dream, but it is what I see young people today looking for. They want to find a job that doesn't require work but still brings in income. That's a really alarming thing and will not only harm them but also our entire society. Today, scam projects are born in series for this reason, they hit the psychology of young investors, who do not want to do but still have high profits.

As for bitcoin mining, I have also met some people who think it is very simple and will only invest once and reap profits forever. But then they realized that things are not as simple as they thought, many people have had to sell mining machines at a loss because of electricity prices, volatile markets...

CarnagexD

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

All people are talking about passive income and passive income. Focusing too much on the money. Why people just focus first on active income and add value to other people. It just pisses me off. The only time you should focusing on passive income is when you no have enough time to make money, that is.

First of all, we don't make money. Only the central bank make money and most of the world's wealth is debt. How ironic is it? We don't make money, we take money rom other people by doing business or transactions. Like how we trade crypto, from every wins, we know that in the other side, someone have to lose their money. It's insane but it is the truth.

Please don't make money your end goal. Have a skill which will make you give a contribution to the real world.

mejarm

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

We are talking about thousands of dollars here, so you do need to work and make money before you can be able to buy a Bitcoin miner. Nothing comes for free in this life, so why do you sit your ass down doing nothing? Bitcoin miners are very expensive and not for someone who makes too little money. Your ass will always be filthy in the same spot. Until the day you make the decision to alter your lifestyle.

ultrloa

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

That dream could lead you at risk of danger or anything harmful since dreaming to earn money without lifting a finger or put any effort on it is really close to impossible. If you think miner could make that happen well you also need to consider many things since in some places mining bitcoin is not profitable to them due to high electricity cost and other maintenance expenses.

Live on realistic life and search for better paying jobs so that you can live a comfortable life if you really want this to happen.

PrivacyG

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You need equipment, electricity and some decent skills that are unrelated to what you learn in school in order to become a Bitcoin miner. It was cheap to mine 1 Bitcoin back in the day when 1 CPU was equal to 1 vote, but Bitcoin was worthless back then too. Now Bitcoin is worth something and of course, mining costs a decent amount of money too.

There are enough jobs that require little mental and or physical effort. They are still jobs though. Mining Bitcoin is not as easy as it seems.

worle1bm

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So you think you can just earn by mining without doing anything at all? The humanity which believes in doing nothing and getting paid for it have nothing in their hand as you can't get anything for free here.The mining you are talking about needs ASIC investment and then electricity cost and much more but still there's no guarantee you will earn rewards for it and they are working for it.So you need to understand these things before making such statements and comparing it with bitcoin which has lot to do and solve financial problems.

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Ah yes, the age-old dream of getting something for nothing. Bitcoin miners have managed to turn that dream into reality, except that the "something" they get requires a lot of electricity and computing power, so your assumption is wrong. But if you really dream of getting something for nothing, it's time to wake up and smell the coffee. Because in the real world, things don't just appear out of nowhere; they have to be created by someone or something. And every time you create something, there is a cost associated with it. And in the case of Bitcoin, it is created by miners who provide the computing power and electricity needed to keep the whole blockchain running.

GeorgeJohn

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

This point of views is contradictory, because I believe that earning in bitcoin even though as a miner you must engage yourself into function before you can earn well, I believe that no earning that doesn't have hard work involve. Miners have a lot to set up for mining of cryptocurrency many functions is involved

Merit.s

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Remember that mining needs electricity and the cost of electricity is the major challenge that miners have. Miners are moving to countries with low electricity cost,so that they can still be in the industry. If you don't have a good amount of capital,you can't go into mining. I guess you don't know how much it cost to set up solo mining,some miners are backing up their bags and leaving the mining industries because it is not profitable to them Don't deceive yourself, there is nothing free in Freetown. You must work in other for you to have money to invest. There must be a sacrifice to have money,because you must put things together to get a better outcome. Check this out only the whales make huge profit from bitcoin investment because they have worked and become successful, and their money is currently working for them. Everyone starts from the scratch to become successful.

Outhue

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Quote from: btcpepa04 on April 30, 2023, 09:17:51 PM

It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.

Try buying a Bitcoin miner first before you know what you are getting yourself into, Bitcoin miner is very costly and it's not for someone who makes too less money, we are talking about thousands of dollars here, so you do have to work and make money before you can be able to buy Bitcoin miner, nothing comes for free in this life, you sit your ass down doing nothing? Your ass will remain in the same messy state forever. Until the day you decide to bring some changes into your life.

reizella28

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It's everyone's dream to have money sources that you won't need to exert work. I myself like to have a business soon when I already saved some capital for building a business. I've heard about Bitcoin mining but if we think about the parts we'll need like the miners plus the electricity it would cost too much. I know that building such business or the miner you will need a huge amount of capital but I don't see myself managing a Bitcoin miner since I don't have any idea about it's part I would rather build convenience store since it's popular here in my country.

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