21 Bitcoin Computer or Cloud Mining Website ?

[GermanGiant]

Given 2 BTC, i.e. ~400 USD, which path would you chose ? Buy a 21 Bitcoin Computer or invest in Cloud Mining Website to secure 2 Ths hash power ?

For me, 21 Bitcoin Computer is nothing but a Raspberry Pi Miner, whereas Cloud Mining Website is having a long history of payment. So, my obvious choice is the second one. What is yours ?

[BitUsher]

False Dichotomy.
Real answer - Hold off on making judgment on 21 as its use case and purpose is still questionable and avoid all bitcoin cloud mining sites as they are poisonous to the bitcoin ecosystem(they promote mining centralization) and usually are scams and ponzis. 

/End Thread

[gentlemand]

Neither.

I assume the 21 machine is just a test article not really intended to produce much mining revenue, just prove that it's possible to do it in an integrated manner.

As for cloud mining, I'm sure there are some lovely ones out there but I'll be steering clear anyway.

[RGBKey]

Neither, because the 21 bitcoin computer is too expensive and most cloud mining sites are a scam in disguise.

[vero]

we can call all cloud mining is scam after seeing many bitcoin company collapse, if i was you, i will buy 21 coin

[jacee]

Just hold. Cloud mining is a pure ponzi. No one operates them with a real mining machines. 21 computers are damn expensive plus the electricity you would use. If you are planning, do it for a long term.

[maokoto]

Hold

I have invested in cloud mining, but just small amounts I could afford to lose. 2BTC is too much to invest it all. Perhaps 0.5 in cloud mining and the other 1.5 BTC hold.

[RGBKey]

Hold

I have invested in cloud mining, but just small amounts I could afford to lose. 2BTC is too much to invest it all. Perhaps 0.5 in cloud mining and the other 1.5 BTC hold.

How about 0 BTC in cloud mining...it's not worth putting any money into. You're throwing it away.

[gentlemand]

Hold

I have invested in cloud mining, but just small amounts I could afford to lose. 2BTC is too much to invest it all. Perhaps 0.5 in cloud mining and the other 1.5 BTC hold.

How about 0 BTC in cloud mining...it's not worth putting any money into. You're throwing it away.

I wonder when it'll eventually die off. People still seem to go for it despite no shortage of bad press.

[coinableS]

I'd definitely choose the 21 comp over paying for hashrate.
The 21 computer could let you run a full node for your website instead of having to pay for a digitalocean server.
It can also mine a tiny bit of bitcoins. And then when your all done with it you could sell it as a novelty or even collector item.
Way more options with the 21 bitcoin computer than hashrate.

[7788bitcoin]

HODL... 

[ranochigo]

I'd definitely choose the 21 comp over paying for hashrate.
The 21 computer could let you run a full node for your website instead of having to pay for a digitalocean server.
It can also mine a tiny bit of bitcoins. And then when your all done with it you could sell it as a novelty or even collector item.
Way more options with the 21 bitcoin computer than hashrate.

Cloudmining is definitely not the way to go, AMHash had a good history and the operator had a great history of payments but they ran away with millions after that. A good track record to be honest doesn't prove anything. Raspberry Pi can also be used as a full node while being much less expensive. 21Bitcoin Computer is much too inefficient to generate even a small amount of BTC.

[GermanGiant]

Hold

I have invested in cloud mining, but just small amounts I could afford to lose. 2BTC is too much to invest it all. Perhaps 0.5 in cloud mining and the other 1.5 BTC hold.

If you want to invest 0.5 BTC in Cloud Mining Website, you can actually invest 0.48 BTC, which will give you 400 Ghs, whereas investing 2 BTC will give you 2 Ths hash power. So, is not it evident that investing 2 BTC is a better option ?

[|Bitcoin|]

I Will use 2 btc to buy something good and not use them on unprofitable mining wars.

[yingbb0301]

Would buy 21 btc computer for sure.
I suck at investments.

[RussianRaibow]

Would buy 21 btc computer for sure.
I suck at investments.

What advantage you get from 21 Bitcoin Computer over a Raspberry Pi Miner ?

[TibanneCat]

Neither.

I assume the 21 machine is just a test article not really intended to produce much mining revenue, just prove that it's possible to do it in an integrated manner.

As for cloud mining, I'm sure there are some lovely ones out there but I'll be steering clear anyway.

+1

if I really had to pick between the 2, I'd probably take the 21 just for fun

[avatar_kiyoshi]

I prefer to HOLD it than spend for something which don't have a clear/good future.

Especially halving time come in the next year.

[coinableS]

Neither.

I assume the 21 machine is just a test article not really intended to produce much mining revenue, just prove that it's possible to do it in an integrated manner.

As for cloud mining, I'm sure there are some lovely ones out there but I'll be steering clear anyway.

+1

if I really had to pick between the 2, I'd probably take the 21 just for fun

If it were cheaper I would get one for fun since I enjoy developing bitcoin websites. It would be fun to see what the firmware offered and what you could make using one. I'm sure it's just your basic bitcoind with RPC and then they built a library on top of it, but still would be neat to mess around with it. But at $400 no way, I'd rather spend that on BTC for the stash

[mallard]

cloudmining.website is a ponzi scheme.