Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: CrackedLogic on December 01, 2013, 02:36:26 PM



Title: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: CrackedLogic on December 01, 2013, 02:36:26 PM
I prefer cloud mining as I don't have to pay for electricity costs. Just pay for the Hash Rate.

what do you prefer?



Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: Rannasha on December 01, 2013, 02:43:53 PM
I'll pick option 3: Not mining.

I prefer not to lose money.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: CrackedLogic on December 01, 2013, 02:45:33 PM
I'll pick option 3: Not mining.

I prefer not to lose money.


Then what do you do for earning btc?


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: mobile on December 03, 2013, 01:04:49 AM
I prefer cloud mining as I don't have to pay for electricity costs. Just pay for the Hash Rate.

what do you prefer?



How many cloud mining providers are there available. I only know of cex and cloudhashing.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: pkmoney on December 03, 2013, 11:26:59 AM
I prefer Cloud Mining. Bigger profits if you trade GH/s  8)


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: awgilyas on December 03, 2013, 07:59:08 PM
Mining myself as I could point my miners to profitable altcoins.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: Rannasha on December 03, 2013, 11:20:46 PM
I'll pick option 3: Not mining.

I prefer not to lose money.


Then what do you do for earning btc?

I used to short mining contracts ^^ (or rather: invest in a construction that is very similar to shorting mining contracts). Nowadays I make a bit on the side with arbitrage-trading.

But people should get away from the idea that mining is the way to make bitcoins. Mining is securing the network, the bitcoin rewards are payments for that effort. If you go to a foreign country, you trade your own currency for the local currency, you don't go work as a security guard for a local bank for a week to get started. Bitcoin is no different.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: CrackedLogic on December 04, 2013, 09:51:55 AM
I prefer cloud mining as I don't have to pay for electricity costs. Just pay for the Hash Rate.

what do you prefer?



How many cloud mining providers are there available. I only know of cex and cloudhashing.

There is pyramining.com


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: rammy2k2 on December 04, 2013, 09:58:40 AM
im doing both :)


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: Xialla on December 04, 2013, 03:40:32 PM
I'll pick option 3: Not mining.

I prefer not to lose money.

yeah, indeed. same here..no asic mining anymore.

months of waiting, poor communication, delays, no refunds, heat, noise, el. consumption, bla bla bla - for nothing. the easiest way how to profit is just buy BTC (at any price) and wait couple of moths/years.)

and if is somebody to geeky, just build your own super hyper LTC rig and resell cards anytime you want.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: stepan on December 06, 2013, 08:09:28 AM
i mine XPM on free virtual machines (trial)
1-2 XPM for each acc (permitted) daily
4 accs for now  :)


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: crocko on December 06, 2013, 04:07:14 PM
The price of BTC will continue to raise and all other coins will gain more value.
Buy then trade.
Don't waste $ and time with mining.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: BitcoinDenvini on December 07, 2013, 11:19:36 PM
Buying and selling will not make safier BTC.


Title: Re: What do you prefer? Cloud Mining OR Mining Yourself.
Post by: Lethn on December 08, 2013, 10:43:24 AM
Cloud mining, I really like the idea of renting hashing power because I hate doing mining myself, too bad there aren't very many scrypt contracts out there.