Purchasing Bitcoin Mining Packges | Bitcointalksearch.org

odolvlobo

legendary

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Merit: 3391

Quote from: RandyGamage on December 17, 2017, 01:56:23 PM

Is it more profitable to buy mining licenses from companies which mines BTC (Ex: Swiss Gold Global) rather than buying BTC off exchanges? Huh

Swiss Gold Global looks like a scam to me. Don't send them any money.

Regardless, most cloud-mining sites are scams. The few that are not scams are generally not profitable. If you want bitcoins and you don't have the time and expertise to mine then yourself, then buying them is the only reasonable choice.

SilverKripto

newbie

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Quote from: Mike Mayor on December 17, 2017, 03:21:00 PM

It is probably better to mine your own bitcon then buy a contract. I have seen those contracts and they last a year. If you mine yourself it will last at least twice that long story the same price. Also after that year is over you in nothing but the coins you mined. If you mine yourself then you still have the miners.

That is a good point. But by buying mining contracts, you can split them into multiple ones. Like buying a new contract each month for a specific amount that you can spend from your paycheck or whatever. If buying mining gear, then you would need a lot higher initial investment.
Still a better choice, but not sure if better when you don't have a lot to begin with.

Mike Mayor

hero member

Activity: 966

Merit: 535

It is probably better to mine your own bitcon then buy a contract. I have seen those contracts and they last a year. If you mine yourself it will last at least twice that long story the same price. Also after that year is over you in nothing but the coins you mined. If you mine yourself then you still have the miners.

RandyGamage

newbie

Activity: 140

Merit: 0

Is it more profitable to buy mining licenses from companies which mines BTC (Ex: Swiss Gold Global) rather than buying BTC off exchanges? Huh

Topic: Purchasing Bitcoin Mining Packges (Read 136 times)