21 Bitcoin Computer or Cloud Mining Website ?

[hedgy73]

I've voted hold .

[1714822688]

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[1714822688]

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[TibanneCat]

I've voted hold .

So seems the vast majority 
Easily the best choice

[asad777]

if you said trading I will choose it (stable price make it not proftable)
so holding is the best (while you must wait a lot before making profit)

[Abiky]

I'll just hold into my Bitcoins for a long time. There are various reasons to this. First of all, I think that the 21 Bitcoin Computer is too expensive for it's mining hashrate (which would probably be low GH/s) and second, I don't trust on cloud mining services anymore. I've been scammed to many times and lost huge amounts of profit over the last years. Sites such as cloudminr.io, GAW Miners and Hashprofit paid once in a time, but then they shutdown their services and ran away with the people's money. So in my opinion, it is recommended to hold onto your Bitcoins until it is the perfect time to invest. Patience is key here 

[VirosaGITS]

I'll just hold into my Bitcoins for a long time. There are various reasons to this. First of all, I think that the 21 Bitcoin Computer is too expensive for it's mining hashrate (which would probably be low GH/s) and second, I don't trust on cloud mining services anymore. I've been scammed to many times and lost huge amounts of profit over the last years. Sites such as cloudminr.io, GAW Miners and Hashprofit paid once in a time, but then they shutdown their services and ran away with the people's money. So in my opinion, it is recommended to hold onto your Bitcoins until it is the perfect time to invest. Patience is key here 

I agree patience is key, but how long should you keep a currency that's not generating more of itself?
I mean if in one year i can double my BTC input, if i start with 1BTC and go for 5 years, i will still have more than the guy who held 20 BTC from the start. While we're both "waiting" for BTC to raise in value, let say 1000$ per. I will have started with 1BTC vs 20BTC and end up with 12000$ US more than "you".

So is just holding indefinitely the better plan?

[Zeroxal]

I'll just hold into my Bitcoins for a long time. There are various reasons to this. First of all, I think that the 21 Bitcoin Computer is too expensive for it's mining hashrate (which would probably be low GH/s) and second, I don't trust on cloud mining services anymore. I've been scammed to many times and lost huge amounts of profit over the last years. Sites such as cloudminr.io, GAW Miners and Hashprofit paid once in a time, but then they shutdown their services and ran away with the people's money. So in my opinion, it is recommended to hold onto your Bitcoins until it is the perfect time to invest. Patience is key here 

I agree patience is key, but how long should you keep a currency that's not generating more of itself?
I mean if in one year i can double my BTC input, if i start with 1BTC and go for 5 years, i will still have more than the guy who held 20 BTC from the start. While we're both "waiting" for BTC to raise in value, let say 1000$ per. I will have started with 1BTC vs 20BTC and end up with 12000$ US more than "you".

So is just holding indefinitely the better plan?

Many people that bought bitcoin in 2013 of the price of 1000$ per bitcoin were waiting for it to rise, but now they lost about 80% of it - current bitcoin value is at 235$
Only early adopters before the rise to 1000$ got profit for holding bitcoin.

I don't understand the purpose of the 21 Computer. It's not a miner and cannot make profit. It's just holding the bitcoin network in it - for 400$. It's not an investment, a waste of money. You could download the network for free or you could use websites that contain the network.
Cloud mining website is giving money at the moment, but nothing gives free money forever and at some point will shut down.

Bitcoin prices are unstable at the moment, so it's a good way to start trading with bitcoin.

[VirosaGITS]

I'll just hold into my Bitcoins for a long time. There are various reasons to this. First of all, I think that the 21 Bitcoin Computer is too expensive for it's mining hashrate (which would probably be low GH/s) and second, I don't trust on cloud mining services anymore. I've been scammed to many times and lost huge amounts of profit over the last years. Sites such as cloudminr.io, GAW Miners and Hashprofit paid once in a time, but then they shutdown their services and ran away with the people's money. So in my opinion, it is recommended to hold onto your Bitcoins until it is the perfect time to invest. Patience is key here  

I agree patience is key, but how long should you keep a currency that's not generating more of itself?
I mean if in one year i can double my BTC input, if i start with 1BTC and go for 5 years, i will still have more than the guy who held 20 BTC from the start. While we're both "waiting" for BTC to raise in value, let say 1000$ per. I will have started with 1BTC vs 20BTC and end up with 12000$ US more than "you".

So is just holding indefinitely the better plan?

Many people that bought bitcoin in 2013 of the price of 1000$ per bitcoin were waiting for it to rise, but now they lost about 80% of it - current bitcoin value is at 235$
Only early adopters before the rise to 1000$ got profit for holding bitcoin.

I don't understand the purpose of the 21 Computer. It's not a miner and cannot make profit. It's just holding the bitcoin network in it - for 400$. It's not an investment, a waste of money. You could download the network for free or you could use websites that contain the network.
Cloud mining website is giving money at the moment, but nothing gives free money forever and at some point will shut down.

Bitcoin prices are unstable at the moment, so it's a good way to start trading with bitcoin.

I guess you can Margin-trade.

For the 21bitcoin computer, we might be looking at some plug and play bitcoin node, which is completely gimmicky but might very well sell. Some people would actually do consider paying 400$ for a PnP with tech support one than 20$ for a RasPi and slap the software on it yourself...

[Kprawn]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

[VirosaGITS]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

It's not because there's so many scam out there that all services are scam or Ponzi. Hashnest has to be legit and it's running on actual physical hardware and even though it IS setup to exploit people's money in a way that is safe(risk free) for Bitmain, it is by no mean a Ponzi.

[RussianRaibow]

I've voted hold .

So seems the vast majority 
Easily the best choice

So, a whopping 75%+ is HODLing!!! That's amazing, given the fact that bitcoin price is steadily declining in last two years.

[Abiky]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

It's not because there's so many scam out there that all services are scam or Ponzi. Hashnest has to be legit and it's running on actual physical hardware and even though it IS setup to exploit people's money in a way that is safe(risk free) for Bitmain, it is by no mean a Ponzi.

Hashnest would be the only cloud mining service that I would invest on. I've seen that they will be adding the ability to purchase Antminer S7 hashrate soon. I'm keeping my eye on this one as they say that it is very energy efficient with low maintenance fees. 

[RussianRaibow]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

It's not because there's so many scam out there that all services are scam or Ponzi. Hashnest has to be legit and it's running on actual physical hardware and even though it IS setup to exploit people's money in a way that is safe(risk free) for Bitmain, it is by no mean a Ponzi.

Hashnest would be the only cloud mining service that I would invest on. I've seen that they will be adding the ability to purchase Antminer S7 hashrate soon. I'm keeping my eye on this one as they say that it is very energy efficient with low maintenance fees. 

But, I heard, at Hashnest, no one has ever made an ROI!!!

[VirosaGITS]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

It's not because there's so many scam out there that all services are scam or Ponzi. Hashnest has to be legit and it's running on actual physical hardware and even though it IS setup to exploit people's money in a way that is safe(risk free) for Bitmain, it is by no mean a Ponzi.

Hashnest would be the only cloud mining service that I would invest on. I've seen that they will be adding the ability to purchase Antminer S7 hashrate soon. I'm keeping my eye on this one as they say that it is very energy efficient with low maintenance fees. 

But, I heard, at Hashnest, no one has ever made an ROI!!!

Thats definitively false. Another good way to make profit on Hashnest is trading hash. The dividend you get is just a bonus, meanwhile its apparently more previsible than trading coins since the parameters are much more narrow.

[LiteCoinGuy]

I'll just hold
21 Bitcoin Computer (it will not mine coins by the way...)
Cloud Mining Website    

[VirosaGITS]

As a asset, the 21 Bitcoin Computer will depreciate in value, moments after you bought it... as a matter of fact, it's depreciating in value, while it's still packaged and on the shelf.

So even if you bought it as a asset to sell later, you will not get a lot for it and the amount of Satoshi's you make from it, will not lead to a ROI.

Cloud mining is proven Ponzi's... Good when you get in early and out fast... If you pull out to late, you will stand a chance to lose everything. So I would rather hoard the 2 BTC.

It's not because there's so many scam out there that all services are scam or Ponzi. Hashnest has to be legit and it's running on actual physical hardware and even though it IS setup to exploit people's money in a way that is safe(risk free) for Bitmain, it is by no mean a Ponzi.

Hashnest would be the only cloud mining service that I would invest on. I've seen that they will be adding the ability to purchase Antminer S7 hashrate soon. I'm keeping my eye on this one as they say that it is very energy efficient with low maintenance fees. 

But, I heard, at Hashnest, no one has ever made an ROI!!!

Thats definitively false. Another good way to make profit on Hashnest is trading hash. The dividend you get is just a bonus, meanwhile its apparently more previsible than trading coins since the parameters are much more narrow.

But, trading hashpower does not always mean you are profiting from it. You may lose as well. Moreover, trading is a separate activity than mining.

Well this is the bitcoin discussion board, not the mining board. So i would say that mentioning how the big profit on hashnest is done by day trading the hash on hashnest is appropriate.

Especially since when you are putting money in such services, you're not really mining either, you're just giving money to a company, that will invest it to their own benefit, meanwhile you will get a pretty low return as you will pay very high upkeep costs.

[Mickeyb]

Well that's not a hard option, I would just hold those 2 bitcoins. That 21 Bitcoin computer is overpriced and I don't even know what it serves for except for running a full node maybe. Ok, it is fancy but nothing else to me.

Cloudmining websites are 98% scams. Ok, hashnest is one of the rear ones that is legit but even with them it's not so easy to get ROI. You must know what you are doing otherwise you will lose money.

[p0k3r]

To be honest, I wouldn't get any. As most people said in this thread, the computer is too expensive and most, if not all cloud mining services are scams.

[QuintLeo]

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 ?

 None of the above.

 That 21 thing is a bloody joke, not even an option to me. TOTAL waste of money.
 I have zero information on that particular "cloud mining website" but I've seen pretty much NO cloud mining options that were ever profitable - except for the mining site - and $400 for 2 TH is pretty expensive even on a "forever" type contract any more.

 If PACMIC v3 contracts were still available, I'd go that way. I'm very underwhelmed by the v4 contracts.


 My option would be (and is, though I've got a bit more than 2 BTC available) to WAIT to see what happens on miners over the next couple of months. The rumours so far about the upcomming Lketc machines are looking somewhat promising.....

[Jake-R]

I think I will hold my Bitcoins.

What exactly is the The 21 Bitcoin Computer? (http://www.amazon.com/dp/B014RD021C). Is it like the stand-alone Bitcoin node that Bitnodes was offering, except this one has no screen?


EDIT: https://21.co/learn/faq/#what-is-the-21-bitcoin-computer

What is the 21 Bitcoin Chip?
The 21 Bitcoin Chip is an application specific integrated circuit (ASIC) specifically designed to provide a constant stream of bitcoin to your computer as a system resource.

Funny! 

[VirosaGITS]

I think I will hold my Bitcoins.

What exactly is the The 21 Bitcoin Computer? (http://www.amazon.com/dp/B014RD021C). Is it like the stand-alone Bitcoin node that Bitnodes was offering, except this one has no screen?


EDIT: https://21.co/learn/faq/#what-is-the-21-bitcoin-computer

What is the 21 Bitcoin Chip?
The 21 Bitcoin Chip is an application specific integrated circuit (ASIC) specifically designed to provide a constant stream of bitcoin to your computer as a system resource.

Funny! 

Is that for real? A mini ARM PC just like the Arduino or the RasPI (20$) ends up being 400$ because it comes with some software on it based on open source code?

Just wow. If that sell, some people here will make a killing making a image of a RasPI with a pre-setup bitcoincore/mining node where you just need to slap or generate a wallet.dat on it.

All they have to do is copy it to a cheap RasPI and they make 2000% return.