Is mining really true? | Bitcointalksearch.org

Monarch B

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Activity: 56

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Quote from: FP91G on February 21, 2024, 06:15:28 AM

Quote from: Monarch B on February 18, 2024, 08:30:18 PM

Quote from: FP91G on February 18, 2024, 07:24:23 AM

Quote from: Monarch B on February 17, 2024, 09:02:59 PM

Quote from: FP91G on February 17, 2024, 09:11:53 AM

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

That means my money pays me slowly in case of paid mining. So I think bitcoin mining is more shameful than these. On the other hand, free mining projects do not last long. After they were on the market for a while, the project ended.

Actually I want to find a good mining project so that I can get some profit.

I described a cloud mining fraud scheme. Bitcoin mining is very competitive right now, and I would only do mining if I had cheap electricity costs. In my country there are no taxes on mining, and with the cost of electricity at 4.5 cents, I am interested in mining.
What is your electricity cost?

Per Unit Cost 0.064$. But BTC mining Illegal in my Country. So I try to find good ALTS coin project to mining.

I wrote that in my country mining in a house or apartment is illegal, but if you don’t consume a lot of electricity, then the controllers won’t come. Your electricity price is high, and most likely mining equipment is more expensive, so you will have a longer payback period. At your price, you can mine, but it will not be the most profitable investment in terms of return on investment.

Got it now thank you for explaining it properly

FP91G

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Quote from: Monarch B on February 18, 2024, 08:30:18 PM

Quote from: FP91G on February 18, 2024, 07:24:23 AM

Quote from: Monarch B on February 17, 2024, 09:02:59 PM

Quote from: FP91G on February 17, 2024, 09:11:53 AM

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

That means my money pays me slowly in case of paid mining. So I think bitcoin mining is more shameful than these. On the other hand, free mining projects do not last long. After they were on the market for a while, the project ended.

Actually I want to find a good mining project so that I can get some profit.

I described a cloud mining fraud scheme. Bitcoin mining is very competitive right now, and I would only do mining if I had cheap electricity costs. In my country there are no taxes on mining, and with the cost of electricity at 4.5 cents, I am interested in mining.
What is your electricity cost?

Per Unit Cost 0.064$. But BTC mining Illegal in my Country. So I try to find good ALTS coin project to mining.

I wrote that in my country mining in a house or apartment is illegal, but if you don’t consume a lot of electricity, then the controllers won’t come. Your electricity price is high, and most likely mining equipment is more expensive, so you will have a longer payback period. At your price, you can mine, but it will not be the most profitable investment in terms of return on investment.

Monarch B

jr. member

Activity: 56

Merit: 1

Quote from: doubletheprof on February 20, 2024, 06:21:14 AM

Simply the best way to mine crypto right now is Kaspa. China makes ALOR OF KASPA MINERS every day, so that also says soething about the validity.

Can I mining form any country or It's free?

doubletheprof

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Simply the best way to mine crypto right now is Kaspa. China makes ALOR OF KASPA MINERS every day, so that also says soething about the validity.

Monarch B

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Activity: 56

Merit: 1

Quote from: JustineCollins09 on February 19, 2024, 11:45:46 AM

Mining is not a profitable business nowdays and really not advisable to put your money in. ASCIIS even have hard time competing electricity bills and all to make few cents

I can't find any profitable mining project except one bitcoin mining. Most projects last for a while and then get scrapped.

JustineCollins09

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Mining is not a profitable business nowdays and really not advisable to put your money in. ASCIIS even have hard time competing electricity bills and all to make few cents

Uhwuchukwu53

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Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

This your question stand right shall I don't think all make money, it could be the reason for quick Fall after listen on an exchange another thing is that some get their money if they have some strategy of presale where some decide to invest. Another thing it depends on what the project team has put on ground before venturing into the project that give the profit even when minner mind free.

Monarch B

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Activity: 56

Merit: 1

Quote from: swogerino on February 18, 2024, 03:30:10 PM

With that electricity cost I see that the best thing is what everyone is talking about right now or Kheavyhash as the best miner makes you over 100 dollars daily with just near 9 dollars electricity and this is what I call some crazy profit right now.

That is the iBeLink BM-KS MAX which has a price of just 12.000 dollars in most retailers and makes you right now 36.000 dollars in profit,sounds like a good gamble as in 4 months it is payback with some added wins,and 4 months is a very low time payback for such ASIC.

If this is true or not but the link I found this is this one : https://www.asicminervalue.com/

Can I buy form any country and start mining?

Monarch B

jr. member

Activity: 56

Merit: 1

Quote from: FP91G on February 18, 2024, 07:24:23 AM

Quote from: Monarch B on February 17, 2024, 09:02:59 PM

Quote from: FP91G on February 17, 2024, 09:11:53 AM

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

That means my money pays me slowly in case of paid mining. So I think bitcoin mining is more shameful than these. On the other hand, free mining projects do not last long. After they were on the market for a while, the project ended.

Actually I want to find a good mining project so that I can get some profit.

I described a cloud mining fraud scheme. Bitcoin mining is very competitive right now, and I would only do mining if I had cheap electricity costs. In my country there are no taxes on mining, and with the cost of electricity at 4.5 cents, I am interested in mining.
What is your electricity cost?

Per Unit Cost 0.064$. But BTC mining Illegal in my Country. So I try to find good ALTS coin project to mining.

swogerino

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Activity: 3318

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With that electricity cost I see that the best thing is what everyone is talking about right now or Kheavyhash as the best miner makes you over 100 dollars daily with just near 9 dollars electricity and this is what I call some crazy profit right now.

That is the iBeLink BM-KS MAX which has a price of just 12.000 dollars in most retailers and makes you right now 36.000 dollars in profit,sounds like a good gamble as in 4 months it is payback with some added wins,and 4 months is a very low time payback for such ASIC.

If this is true or not but the link I found this is this one : https://www.asicminervalue.com/

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: Monarch B on February 17, 2024, 09:02:59 PM

Quote from: FP91G on February 17, 2024, 09:11:53 AM

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

That means my money pays me slowly in case of paid mining. So I think bitcoin mining is more shameful than these. On the other hand, free mining projects do not last long. After they were on the market for a while, the project ended.

Actually I want to find a good mining project so that I can get some profit.

I described a cloud mining fraud scheme. Bitcoin mining is very competitive right now, and I would only do mining if I had cheap electricity costs. In my country there are no taxes on mining, and with the cost of electricity at 4.5 cents, I am interested in mining.
What is your electricity cost?

Monarch B

jr. member

Activity: 56

Merit: 1

Quote from: FP91G on February 17, 2024, 09:11:53 AM

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

That means my money pays me slowly in case of paid mining. So I think bitcoin mining is more shameful than these. On the other hand, free mining projects do not last long. After they were on the market for a while, the project ended.

Actually I want to find a good mining project so that I can get some profit.

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: Monarch B on February 17, 2024, 07:06:32 AM

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

I don’t understand what kind of projects you want to talk about, but the payback in mining is 12-24 months on different ASICs. If the project offers you to buy a mining contract, then it will receive the money immediately, and may not buy the ASIC, but pay you a reward from your money. And then mining will become unprofitable and, according to the terms of the agreement, your contract will be closed. The company will offer to pick up your ASIC, but the cost of delivering it to your country will be higher than the cost of this ASIC.

Monarch B

jr. member

Activity: 56

Merit: 1

I know that Bitcoin mining requires expensive machines. And it is not valid for most countries. So it is better not to say anything about that.

How true is the way new projects manage mining? Where most of the projects are seen to be closed after a few days then where is their profit?

How do they make money? Because most of the people are mining in free.

Topic: Is mining really true? (Read 252 times)