Bitcoin Forum
November 11, 2024, 10:15:42 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: MORE PROFITABLE MINING  (Read 362 times)
lushlifing (OP)
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
March 18, 2018, 01:32:53 PM
 #1

WHAT IS MORE PROFITABLE, CLOUD MINING OR MANAGE YOUR OWN?  Grin
john1010
Hero Member
*****
Offline Offline

Activity: 2114
Merit: 562


View Profile WWW
March 18, 2018, 04:46:01 PM
 #2

There's always a risk in both of two, but you can chose only one in lessen the risk, cloud mining is totally a gamble, you gamble your money with the company and mining farm that you can never see or know the people behind, anytime without notice they can shutdown their site and losing your money without any return. Mining your own via building your mining rig is less risky, because all the hardware are in you vicinity, under your control anytime you can shut it down when mining is not profitable, the only thing you can do is a proper maintenance to extend the life of your hardware.
Marvell2
Full Member
***
Offline Offline

Activity: 1148
Merit: 132


View Profile
March 18, 2018, 04:52:40 PM
 #3

WHAT IS MORE PROFITABLE, CLOUD MINING OR MANAGE YOUR OWN?  Grin
cloud mining is a scam, if anything colocate your miners if you cant host on your own
iulielf
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 18, 2018, 05:26:57 PM
 #4

Cloud mining is scam ,get rx 580 thats the best thing
wheelz1200
Legendary
*
Offline Offline

Activity: 3780
Merit: 1418



View Profile
March 18, 2018, 05:44:04 PM
 #5

WHAT IS MORE PROFITABLE, CLOUD MINING OR MANAGE YOUR OWN?  Grin

Its not even a question.  If you have the means to manage yourself then do so otherwise dont mine at all.  Cloud mining is a straight scam
MFTHC
Full Member
***
Offline Offline

Activity: 255
Merit: 100



View Profile
March 18, 2018, 05:48:55 PM
 #6

If there was only one currency in the world and the total amount was certain, what would happen to the world?A lot of cloud mining is a scam.
Bulitt
Member
**
Offline Offline

Activity: 108
Merit: 11


View Profile
March 18, 2018, 09:01:24 PM
 #7

Cloud mining is just them running it on a bunch of xeon servers in racks, nothing you couldnt do by yourself at home. Dont even need the expensive rack-style ones either.

https://www.newegg.ca/Product/Product.aspx?Item=N82E16813128756
jillscarbrough
Sr. Member
****
Offline Offline

Activity: 588
Merit: 335


Steady State Finance


View Profile
March 19, 2018, 05:38:40 AM
 #8

Profitability
Cloud mining. Usually only provide one coin in renting/purchasing plan. You have more free time and free from technical maintenance. Not to be troubled by picking hardware. But with stuck in one coin, you get less.

Self-mining. You can pick several different algorithms to mine, and of course, give you more chance to get more profits. But you will be troubled by several things. Choosing the hardware, build the rig (if you decide to GPU miner), Devices settings (both GPU or ASIC). Technical maintenance and troubleshoot.

Security
Whatever it is, Self-mining 95% secure cause you will manage it yourself. Cloud mining would give you more risk, they can scam you anytime but didn't mean all cloud mining would scamming you. I have personal experience with cex.io at first of 2014 until the middle of 2014. They have own mining pool called Ghash.io (one of the biggest Bitcoin pool at that time)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!