Topic: Mining in the cloud vs simply buying bitcoin - page 5. (Read 1638 times)
Bruh…. You're very wrong. If you ask me, cloud mining is better than traditional mining. A lot of experts that were being interviewed by Cointelegrah say that they believe in cloud mining more than traditional mining and that is the future. It's not everyone that can run the traditional mining cost. Why will I be stressing myself out with traditional mining with all those heavy tasks when I can start cloud mining with as low as $15 on Genesis Mining and even less if I make use of SkyCoinLabs?? If you make use of Cloud mining, it's an investment and it frees you from the stress so that you can focus on other ways of earning extra income.
Cloud mining can be good if you have your own mining rig and you have the advance tool to do so because if you don’t own one and you only do cloud mining using websites then it might be very difficult to mine bitcoin most especially now. If you don’t have the patience for cloud mining like me then better buy bitcoin and do trading it’ll be a good way to earn money.
now RIG mining seems to have not benefited too much because it was seen from electricity costs and increasing difficulties making RIG mining difficult to produce very large amounts of bitcoin. at this time I prefer to trade bitcoin by making purchases at the exchange that can make it easier for me to get bitcoin. Kept hearing about cloud mining before but never bothered trying it out, mostly due to lack of capital. And I'm glad I didn't. It's far easier and affordable to just buy bitcoin and hold.
Not sure about mining alts though, I heard those are more profitable.
like me who just entered the crypto world, with capital spent to mine it still seemed expensive. indeed buying BTC and holding it in the long run is an option, because it can be adjusted to the ability of personal fundsNot sure about mining alts though, I heard those are more profitable.
I just thought it's a bit risky. What if the equipment fails? What if you got scammed? So many things to consider when looking into these mining options.
Buying from an exchange seem to be just easier on the nerves. Sure you'd take a hit with the spread but that's expected. KYC isn't also much of a concern since you're gonna give it up anyway when you cash out mined coins.
If you are buying only parts of bitcoin and other cryptos, KYC should never hinder you since they won't put trade limits each day (Binance has so you should not go there to trade). The exchanges only allow $1000 limit on each withdrawal 'each day' and not care how much you make on trades as long as you don't get too high on your withdrawals for that day.
Cloud mining can be good if you have your own mining rig and you have the advance tool to do so because if you don’t own one and you only do cloud mining using websites then it might be very difficult to mine bitcoin most especially now. If you don’t have the patience for cloud mining like me then better buy bitcoin and do trading it’ll be a good way to earn money.
There have repeatedly appeared articles that Bitcoin’s mining payback line is at the level of $ 5,000. Bitcoin has long passed this mark and fluctuates in the price of about $ 8,000. Based on this, it can be assumed that the mining is really profitable today, especially in those countries where there are special conditions for electricity tariffs.
I only did cloud mining in the past which ultimately did not produce any profit for me. Instead they kept asking for other fees such as increasing the hash or something else, I did receive some coins from them for the investment in cloud mining, but after realizing this it was only a scam mode that had been planned neatly and completely would not be profitable.
I thought cloud mining is a scam, I read a lot of bad feedback about it, I consider it as a ponzi scheme.
People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
It's not a scam, the fact is, if you do the math, you'll see that you only gain if BTC rise the price...so, it's better to buy directly
If a cloud mining offer a lot of money in weeks or months...it's up to you
I thought cloud mining is a scam, I read a lot of bad feedback about it, I consider it as a ponzi scheme.
People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
Since the value of bitcoin goes up very high over time, mining on the cloud platform is always just a scam, too many investors have provided enough evidence to prove this pure fraud, so for any site that provides mining in the cloud, we should not participate to limit unnecessary losses. Instead of using that money to bring wealth to scammers, we should use it to buy bitcoin and hold, which is a very reasonable job that many people are doing, even looking for some good projects to invest, it will be more successful than mining in the cloud People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
I thought cloud mining is a scam, I read a lot of bad feedback about it, I consider it as a ponzi scheme.
People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
People who believe in crypto and understand it, would rather buy bitcoin and hold that invest in a certain business called cloud mining that gives too good to be true returns, that's one of the big factor to consider, anything like that is surely a scam.
Back in 2016, this field of activity in the cryptocurrency market was not only a day off, but also a less risky point. Today, all mining companies carry a certain risk, because not only can they deceive the user, but also deliver certain problems, since many countries negative attitude to the cryptocurrency mining.
for now, I don't know that cloud is so profitable or not. however, I have some bad experiences about it. well, for now I avoid cloud mining, and try to collect bitcoin. I think it's better than investing in coud mining. that is my opinion.
from the first page to this, everyone says cloud mining completely scam, unprofitable and a ponzi scheme. and I agree with all of them. there no proof that cloud mining really exists and maintains the GPU mining rig. they only lure with big earnings on their home page. better stay away if want to invest just buy it in exchange.
Even if they really have those mining rigs there's no guarantee that they will not run away, I've invested in one cloud mining that shows investors that they really do have these mining rigs in their Youtube channel, but they still run away and use the money they scam to pay for electricity, cloud mining is a thing of the past, better do trading.
If he has so many rigs and he can get a free electricity fee or at least, a cheap electricity fee, I think it is worth to mining in his home because he can collect some rewards directly and he doesn't have to pay much money for the fee. But I don't think that it will works with cloud mining because we know that cloud mining now is not profitable anymore. And because of that, it is better if we buy bitcoin directly in the market and we can sell it when it increases.
Back in 2016, this field of activity in the cryptocurrency market was not only a day off, but also a less risky point. Today, all mining companies carry a certain risk, because not only can they deceive the user, but also deliver certain problems, since many countries negative attitude to the cryptocurrency mining.
for now, I don't know that cloud is so profitable or not. however, I have some bad experiences about it. well, for now I avoid cloud mining, and try to collect bitcoin. I think it's better than investing in coud mining. that is my opinion. 
I tried cloud mining on past but i not get ROI, and i lose seomthing like 0.03 bitcoin from what i invest, is better buying if mining at home is not possible because of space, cost of equipment, cost of electricity and other factors.
Kept hearing about cloud mining before but never bothered trying it out, mostly due to lack of capital. And I'm glad I didn't. It's far easier and affordable to just buy bitcoin and hold.
Not sure about mining alts though, I heard those are more profitable.
Mining use to be very interesting when bitcoin first came out and you could get much reward easily, but now that bitcoin is now expensive, to mine it is now has become too expensive too and to mine other coin is not really worth it because you cant full guarantee the future of those coins too, investing will still not cost you as much as mining.
Back in 2016, this field of activity in the cryptocurrency market was not only a day off, but also a less risky point. Today, all mining companies carry a certain risk, because not only can they deceive the user, but also deliver certain problems, since many countries negative attitude to the cryptocurrency mining.
from the first page to this, everyone says cloud mining completely scam, unprofitable and a ponzi scheme. and I agree with all of them. there no proof that cloud mining really exists and maintains the GPU mining rig. they only lure with big earnings on their home page. better stay away if want to invest just buy it in exchange.
Even if they really have those mining rigs there's no guarantee that they will not run away, I've invested in one cloud mining that shows investors that they really do have these mining rigs in their Youtube channel, but they still run away and use the money they scam to pay for electricity, cloud mining is a thing of the past, better do trading.
from the first page to this, everyone says cloud mining completely scam, unprofitable and a ponzi scheme. and I agree with all of them. there no proof that cloud mining really exists and maintains the GPU mining rig. they only lure with big earnings on their home page. better stay away if want to invest just buy it in exchange.
I believe that cloud mining in its core cant be profitable for those who buy the service.
Just think of it in this way: Why people who own the hash power would want to give it to other people when they just can mine themselves?
They can make more money on cloud mining from those who buy for them instead of mining themselves.
Just think of it in this way: Why people who own the hash power would want to give it to other people when they just can mine themselves?
They can make more money on cloud mining from those who buy for them instead of mining themselves.
Kept hearing about cloud mining before but never bothered trying it out, mostly due to lack of capital. And I'm glad I didn't. It's far easier and affordable to just buy bitcoin and hold.
Not sure about mining alts though, I heard those are more profitable.
like me who just entered the crypto world, with capital spent to mine it still seemed expensive. indeed buying BTC and holding it in the long run is an option, because it can be adjusted to the ability of personal fundsNot sure about mining alts though, I heard those are more profitable.
I just thought it's a bit risky. What if the equipment fails? What if you got scammed? So many things to consider when looking into these mining options.
Buying from an exchange seem to be just easier on the nerves. Sure you'd take a hit with the spread but that's expected. KYC isn't also much of a concern since you're gonna give it up anyway when you cash out mined coins.
I am still on the idea of a cloud mining being one of the most Sh*tty way to earn bitcoins. I still don't get it why would such companies offers that certain services when they actually do it for their own(that only makes them really ponzis). Therefore it is obvious that buying bitcoin is much safer as you can have a full control over your fundings.
Of course buying a coin is still better than Cloud Mining which is a ponzi scheme and mining bitcoin which differs on the place that you lived in. Mining your own coins can be better if you are gaining a profit all deductions included.
But still buying a coin and trading it is the best option if you can't have the option of mining your own coin. Tho, one thing is clear here (cloud mining is obviously the worst choice out of 3)
Well, if it has advantage, it will as well be having an disadvantages right? So that means that none of them is better than the other. And if what you're talking about is bitcoin mining and cloud mining, I don't think I will be choosing bitcoin mining, cause you already know the difficulties in mining bitcoin. Bitcoin is not like altcoins mining, altcoins are far easier than mining bitcoin. The only thing is that bitcoin is worth more than them, but the question should be whether the profit you're making is more than the expenses you're making for the mining. If the expenses is more than the profit, then it's a waste of time. Cloud mining, you don't really have to stress yourself in any way except in getting the finance you need in order to invest. Anyone you decide to choose, do so wisely.
Of course buying a coin is still better than Cloud Mining which is a ponzi scheme and mining bitcoin which differs on the place that you lived in. Mining your own coins can be better if you are gaining a profit all deductions included.
But still buying a coin and trading it is the best option if you can't have the option of mining your own coin. Tho, one thing is clear here (cloud mining is obviously the worst choice out of 3)
Well, if it has advantage, it will as well be having an disadvantages right? So that means that none of them is better than the other. And if what you're talking about is bitcoin mining and cloud mining, I don't think I will be choosing bitcoin mining, cause you already know the difficulties in mining bitcoin. Bitcoin is not like altcoins mining, altcoins are far easier than mining bitcoin. The only thing is that bitcoin is worth more than them, but the question should be whether the profit you're making is more than the expenses you're making for the mining. If the expenses is more than the profit, then it's a waste of time. Cloud mining, you don't really have to stress yourself in any way except in getting the finance you need in order to invest. Anyone you decide to choose, do so wisely.
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