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https://ryanxcharlestimes.com/wired-satoshi-nakamoto-is-a-homeless-person-in-san-francisco-9087ae28d0c6#.3x8mrv9fc


What a insane article...

miners transfer very low amounts of data! but they need low latency!

in the future nothing will change, asic will be even more expensive, because they will come always with more hashpower and more efficiency

i suggested to buy only one, if it come with malfuction you can return it, to the owner, buy used only

If you have free electricity and already have your own hardware then you should make a tiny profit but it really is difficult now to come away with anything major.  Cloud mning is hit and miss, a lot of the sites have gone and there are a lot of scam sites around that will just take your money and run.

I picked up some hashpower from Genesis mining and it will take me the whole year to get roi and with the reward halving coming up I am not sure roi will even happen.

Out of the two I would choose to mine yourself only after you work out if t will be profitable. there are also other altcoins you could mine, you can look in the alternative section to find out more.

what is your electricity? you can try to buy 1 single s7 and do fine with it, if bill cost is somehow acceptable, no need to invest big

My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.

Solar power is not 'free' power for mining if you can earn money by selling power back to the grid.   You need to treat the solar generated power cost as being what you lost by not selling electricity back to the grid.  

Then you need to add in the cost of buying power from the grid when you are not generating sufficient solar power.

As a rough rule of thumb your average power cost over 24 hours needs to be under about 10 cents per kWh for mining to be viable. Solar power is unlikely to help.

Anything that you have full control over it is the wiser choice so owning a mining equipment is the right choice here but note that buying and owning a mining equipment shouldn't be your only problem as a lot more factors come into place when you try to operate a mining equipment like it's electricity cost and if you do something wrong then you will soon find yourself giving money for its maintenance repairs too so depending on what your plan is (if you have) make sure your ready for the consequences before getting on board.

My suggestions is: dont do bitcoin mining, because you will make very small ammounts of BTC, even if you didnt have to pay for electricity.

It all depend on your location, budget and electricity price. The most important thing is your electricity rate per kWh. What is it?