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Author Topic: Bitcoin cloud mining  (Read 103 times)
SONG GEET
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December 18, 2017, 06:10:59 PM
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You can get more mining power if you can buy some real mining rigs rather than spending those amount in cloud mining but if you can't than you can invest small amount which you can afford to loss. Many cloud mining sites are just scam and hashflare is currently sending updates regarding bitcoin withdrawals, you will not be able withdraw amount less than 0.01BTC so you might have to wait for few months to make your first withdrawal if you will only invest those $200

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December 18, 2017, 07:25:30 PM
 #22

You can get more mining power if you can buy some real mining rigs rather than spending those amount in cloud mining but if you can't than you can invest small amount which you can afford to loss. Many cloud mining sites are just scam and hashflare is currently sending updates regarding bitcoin withdrawals, you will not be able withdraw amount less than 0.01BTC so you might have to wait for few months to make your first withdrawal if you will only invest those $200
Even by buying mining hardware you won't be much better off, honestly. It takes a significant time to break even, hardware can stop working, difficulty keeps jumping up, and the list goes on.

Too much negative aspects to even consider it a viable option. If you just hodl Bitcoin, or even do some occasional trading with how the volatility allows itself to be traded against, you'll be doing much and much better.

Nowadays basically every investment option is more profitable than mining, which should be a sign for people to stop draining their own capital for nothing. Common sense doesn't seem to apply to people anymore.

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