Bitcoin Forum

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.

Bitcoin miner you talk about asks for investment first. Humanity's work is usually to get riches first, so money can start working for them. This requires financial knowledge too, without it money is soon lost.

First of all how do you want to earn money from Bitcoin? If you say invest then I think.
Only those who have wealth left by their ancestors can invest without working. Now what do those who do not have the resources to invest in Bitcoin? They have to earn money by working first and then invest. In addition to investing in Bitcoin, it is important to work. investing in bitcoins is not only profitable but also has the possibility of losses. What do you do when you lose investment? Then you have to sit on the way. So you have to invest in bitcoins in addition to working.

There is no free lunch.

You must work to receive salary and use it for something like eating, drinking, healthcare and other bills. You have to turn on your Bitcoin ASICs, connect it to Internet, mining pool to mine Bitcoin by confirm transactions and receive bitcoin in mining reward (block reward or transaction fee).

Bitcoin network is a Proof-of-Work network, you must work (by mining blocks, confirming transactions) to receive reward. No free lunch for Bitcoin miners.

If making money from bitcoin without labor, that is not necessarily a good thing. It will make people become inactive and sedentary, causing more consequences than benefits. For me, labor is still something that should be maintained because only work can make people think and be more creative. If we are too lazy and just love to make money without working, the world will soon be ruined.

That's right Bitcoin miners give you rewards without the need for you to work, but you need capital to be able to buy hardware and software. You also have to be able to understand how miner software works and set your miner tools to their best performance to be able to make a profit. Indeed, Bitcon miner can give you money without working, but that is also in accordance with your skills and the capital you provide, and your expertise in setting up the device you have, because if you are not good at managing your device it will make you lose .

carrying out maintenance, as well as paying attention to the needs in mining is a job, even many are bothered about it. it's just that, this is a lighter job than the others. Apart from that, you also need to do financial management to run the mining, unless you have a trusted person to manage it all, but again that also requires quite a lot of money.
However, mining bitcoins can be a solution to achieve that dream. however, personally, I might prefer to add another business because I feel that mining bitcoins will continue to require additional funds such as upgrading hardware, and so on.

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!

Money without working? Sure, you could argue that if you're only a small-scale home miner, but it comes with the risk of actually losing money depending on all your costs. (and don't forget, taxes are far stricter and a total pain in the ass in some countries). Also, it's like saying that you don't "work" just because you have employees. You still need to make sure the business is operating continuously and monitor everything.

As for a larger scale mining business? You're very wrong if you think there's no work going on behind the scenes.

Of course it's everyone's dream to make money work for you, but for you to achieve a bitcoin money you'll need to think of the capital investment for it. And in the long term the expenses in the electricity, monitoring and cpu you'll have to manage it and remember there's still no guarantee you will succeed. It's still a good investment if you could handle it because there is sacrifice before you achieve those dreams.

I will recommend that you go back to the drawing board as you simply do not understand bitcoin, the consensus algorithm used by bitcoin is literally called Proof of Work, one of the reasons bitcoin has value is because it cannot be printed at will by the miners and instead they need to work hard in order to get it.

Looking at some of your other posts it seems to me you have the wrong idea of what is bitcoin, what it means to mine it and even what this forum is about.

Yes you are correct from your point of view.  But you might forget that bitcoin mining has certain steps that need to be completed first .  Bitcoin mining requires you to invest a lot of money in the beginning without any profit.  You need to find a place with low temperatures, where your electricity bills are low, and where you have to spend money on graphics cards and other equipment.  In every way, if you want to be a bitcoin miner, you have to allocate a huge amount of money to mine at the moment. To buy equipments.  You say mining is a way to make money no problem but if it is from our previous property you can ride a rickshaw but if you want to start from start you have to earn money by doing hard work and spend for mining.  There is no guarantee that mining after that will always be successful.  For this reason we can  said that "along with efforts, hard work is required."

Everyone has a dream to earn money in his future. But you must do mining to earn bitcoins without work so you can earn bitcoins without work. But I think it will be better for you if you save some of your money instead of mining and later invest it in Bitcoins. There are some mining if you want to do it you must invest money first then you can earn bitcoins from that mining. You should invest rather than mining so you can be successful in making money in the future.

I have no experience in practical mining but I know that bitcoin mining machines are expensive. You also need to connect or invest in electricity, maintain the machines, and pay for other expenses. I also know that miners possess some technical skills that will enable them carry out this task effectively. Miners also need to monitor the mining operation and endure some level of stress. This means that just like every other business for one to be able to make money from mining one needs to put in financial, human, and material resources.

So assuming that bitcoin mining will give you money without work is highly deceptive. You are showcasing the bitcoin sector as a get rich without work scheme. Bitcoin mining is a big-time investment that is associated with risk which sometimes can be profitable or lead to loss.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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...

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.

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.).

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.

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.

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.

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.

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.

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.

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.

yes it's true that those who have money from their parents have lots of opportunities because their base are strong but those who are not wealthy have to earn by their own hard work. I think that bitcoin is possible for investment only when you work for it and i think without work you cannot achieve anything.

Success can be possible when you plan for something and then work hard for the achievement of this task or plan but if we don't work for earning and sit calm waiting and then think that money will come easily without work so it will be our big mistake.

It is important to work Continuously then if we earn some money then put it into bitcoin so in this way you will just keep calm for bitcoin to increase in worth and get benefit from it.

For someone not to work and last for a year will only come to be if two of your generation are rich, you can't be poor and think that you won't work and there is one adage in my language that says any money realized without work cannot last. for me little work and plenty of money.

Who told you it was humanity's dream to make money without working? And who told you Bitcoin miners make money without working? Because for the fact that these miners bought these expensive Bitcoin mining equipments, set it up and monitored it, making sure it runs  27hrs, 7days a week non stop so as the make sure our transactions are confirmed on the blockchain, that is work already, and likewise stuff such as trading, buying, selling & investing in BTC can also be classified as work also, but in a different dimension.
So please note that Bitcoin was created to over us financial freedom and not to encourage laziness.

Do you mean the ASIC miners? Do you think that does who have purchased them to mine Bitcoin got it for free? The money that they'll use to pay for those for free? Don't ignore these people's hard work just to attain the money that they've paid for these miners. They're not all for free and it was a product of their sweat, hard work, smart work, sacrifices, and other things. It's an investment and that's been paying them off and people think that they're just earning money for free without knowing how it all started. If it was easy to have this equipment then everyone should have been a miner by now but it's not the case. We all want to work without working but let's face the reality that those who are at the top of their living have to work hard first before they've reached to that point of life that they've got multiple sources of income and earning passively like through mining.

I think the one you mentioned is not the most suitable description, it is true that man tends to want to be rich without making an effort, but bitcoin was not born for this reason, it can generate wealth but requires initial investment and knowledge, but a miner only can not make you rich, maybe he could do it in 2008 but no longer now, man seeks wealth and wants it immediately but at present it is impossible

You are referring to "Passive income" .....and mining for Crypto currencies are definitely not passive income. There are a lot of work and effort that goes into the configuration and maintenance of mining rigs and also the cooling of these rigs.

You have to be on 24hour standby to handle any problems that might happen with those mining rigs and then you have to deal with mining pools and the conversion of the tokens to fiat for utility payments.  ::)

Lol, you could make money without working before BTC too. I can say more, you can't make money without working with BTC now, you can't just buy and hold it. Trading is work too.

While it is true as you say, that digital currencies like Bitcoin have enabled people to earn money without a traditional job, but it is important to note that cryptocurrency mining is not entirely a "job free" process.

If you see, Mining requires significant computing power and energy consumption, which can have both environmental and economic impacts. The high energy consumption required for mining Bitcoin has raised concerns about its impact on the environment, particularly in areas where the energy used to power the mining rigs comes from fossil fuels.

I think it is necessary to properly understand the individual's desire to strike a balance between making money through digital currency mining and taking steps to reduce the environmental and economic consequences of this activity.

;D are you serious right now, because this is the most sarcastic statement I have read online for a while, and is funny how the most hectic industry (cryptocurrency) is perceived by you to be a get rich without work scheme, this is a bad misconception of the fact.

Let's start with Bitcoin miners:
1: they invest huge capital into buying mining equipment and at the same time spent a lot of time and energy in configuring those devices to work, some of the miners go as far as building a mining farm instead of using personal space, to get the best environment for their mining activities which cost extra time and money.



2: miners spend every minutes and second monitoring the mining farm to keep it up and running 24/7 to make the best out of it, and also contribute to the Bitcoin network by confirming transactions without much delay.


3:  miners spent a lot of money on energy either by paying electricity bills or building up an alternative power supply in the form of solar systems which are very expensive to set and also maintain.

All the above-mentioned activities don't look like a no work and get paid scheme to me because every aspect of cryptocurrency requires work and investment of both time and money to make the best out of it, and the kind of mentality you have toward cryptocurrency is what male many believe that cryptocurrency is a get rich quick scheme and this mindset have led many into investing in scams due to greed and quest for an easy life which doesn't exist.

Basically you're saying that you can earn passive income thru mining?
It's possible since you will not work when the mining rigs have been set already. The question is:
1. How much will a mining farm will cost you. If you want to build a mining farm, you need to work in order to have money to build one.
2. How much knowledge you have in building a mining farm? Of course if you want to enter into something, you need to know it right?

The profitability of Bitcoin mining depends on some factors such as electricity costs, the type of rig that you're using etc. etc. I'm not a Bitcoin miner, and will never be because of high electricity costs here in our country, but if you think that Bitcoin mining will give you money passively then you're wrong because you need to be active in order for it to be working for a long time. You need to look at it most of the time. You need to calculate your profitability as well whether you're profiting or not.

If you're thinking of passive income, dividends is the closest one to it. Yes you will be needing huge sum of money, and you need to work hard for it as well, but when you have the capital already, and you already know the stocks that you will be buying, you don't need to do anything after that. Just buy the dividend stock, and just wait for it to give dividends. That's passive income.

What are the concerns when we mine bitcoin? Don't just blame bitcoin as our earth heats up. In today's modern world, everything needs the energy to work, even your computer or phone consumes power to help you make money. We cannot call them causing environmental concerns or wasting energy. Bitcoin mining too, it consumes energy, but it creates benefits for society, for us, so it can't say much harm. Don't listen to the government propaganda, they just slander bitcoin to keep us away from it.

That is what you call a passive income but this isn't simple as it sounds. We still need to learn first on how we can operate this thing that will generate us money even in our sleep. In our case here, we are talking about BTC mining but did you know that BTC mining is not easy anymore?

And it might not be really profitable on most countries due to the high electricity rates and extreme temperatures which can add more in the electricity cost. Maybe there are still coins out there who are not hard to mine as Bitcoin. Better we go on them instead. For those who can't sacrifice anything (time, capital,..) but only want to earn easy money, I don't think it's possible. It only shows that these people are lazy.

I didn't get your point here. You can only make money when you have money to invest in that. How you are so sure that it doesn't take money to build a mining rig? And trust me, if you want a decent one, they are not that much cheap. And also, in order to run them, you need energy. For to pay that you
need money too. You have said that without work, and I have only said money. So let me explain. If you are not working, you can not get the necessary money to established that mining rig.
And to maintain that rig, you have to learn it and take care of it. Which includes gaining knowledge and experiences. Otherwise, you won't be able to make the amount of money you are wishing for. And when all the Bitcoin will be mined, how would you earn then? Because Bitcoin has a limited supply, it is meant to happen one day.

The idea of making money without any effort is fraudulent because if it were true, people would simply sleep and earn money. Bitcoin mining does not offer free money as it requires significant investments in mining equipment and management. Additionally, it consumes a substantial amount of power supply. Thus, it is misleading to claim that Bitcoin mining is free. Ponzi Mining, which promises free earnings, is a scam. In reality, there is no such thing as free money, even in legitimate staking. To earn through staking, you need to invest time and money.

You must make a sacrifice before you make money, either you sacrifice your time to make money, there is no free money, because if you want to make money you must work, even in the cryptocurrency or digital currency you invest in it or you sacrifice your time to get the money want to get. If money is coming in to someone life without investing in digital currency, someone will just wake up from sleep and start earn money in cryptocurrency. If you not are not working were would get the money  to established that mining rig. N o matter how the easiest way to make money you will still work, and do sacrifices before you the money. Am not take about human sacrifice, sacrifices like time quiting some settings things for other things.

in my opinion, the name of a business or whatever, of course, requires hard work and capital,
Likewise, mining bitcoin certainly requires capital, hard work and so on.
because what I know is that all work is tired, no one is happy
so in my opinion all work requires struggle and hard work.

but a job will feel light if we live it patiently and sincerely.

I don't think, it's easy to get free money from Bitcoin miners without work to deserve it because the miners that are there working every night and day to ensure they earn well from their work. If you are type of person looking for miracle money in the community, you better change your mind set, because it will be difficult to reap for where you didn't sow, if you invested in Bitcoin I believe your dream will definitely come through. I know that every human want to enjoy but you need to work hard for all the good things you wish yourself to manifest in reality by taking your time to purchase Bitcoin and hold for future purpose.

I partially agree with your statement. It is true that we humans are increasingly lazy, especially young people who are lazy to work, they do not want to work but still want to get money. But talking about bitcoin mining to generate passive income without doing anything is not entirely true. I am not a miner, but as far as I know, mining is expensive and not easily profitable. You also have to work very hard while exploiting because the maintenance, repair ... will take a lot of time, and the need for appropriate calculations to make a profit is complex. Investing or mining bitcoin is both more costly and laborious, it is not free as you think.

Everything in life has a price to pay, nothing like free money as long as the planet earth exist, and anything free doesn't last long, more over Bitcoin mining has a price to pay, what are the prices, you most go for knowledge and not just wakeup and become a miner over night, therefore to archive your dreams by making money, you most go for knowledge and also acquired a relevant information towards the field of studies.

The time a person spends focusing on something that can make money (that's work). In interpreting work, it is not only measured like laborers or farmers who sweat to make money. How to make money varies greatly depending on the skills you have, it takes capital and effort to make money in any way. Mining bitcoins requires capital and effort, there's no way you can make money without being connected to the internet and confirming transactions.