"Bitcoin mining is a Big no!"

[hercules006]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

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[milewilda]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

Take the 2nd opinions which came from those some people because they do really say the right thing which investing on cloud mining isnt really worth because most of them are just total scams. You would really able to see that they are well known and trusted but the truth is that theyre not.  They do just try to convince you to put up money into their ponzi cloud mining site. Better stay away and find  another investment.

[Lucifer777]

Could support for ripple, eth, bcc, doge, ltc, dash and other alts be a good foundation upon which to build a small business?

[VitKoyn]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

The majority of those Bitcoin cloud mining are scams, even those legit ones that have been operating for a long time and really pays their investors are not profitable and it will take years before you will get your return of investment and yes it is very risky, it is much better if you do your own mining than investing there, it will just take months before you get your ROI (depending on how efficient your mining hardware is). What is the recommendation of second one? if that is trading then yes it more profitable than investing in cloud mining sites but still risky.

[AngelSky]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

cloud mining are completely shit most of the cloud sites are now turns cheating their investors like closing their account or blocks their account from the cloud mining site too.
If you want to start the mining process you have to buy a hardware and then goes for it make the more money in that way. If you choose higher end miner like antminer s9 means you will get the more profit as well as electricity consumption will be higher.

[spngebob]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

That group of financial advisers are probably group of scammers, no one would suggest you to invest money into cloud mining sites because mostly they are ponzi scams.
You should listen to other group who told you that you should stay away from cloud mining.

[richardsNY]

Anyone advising people to get involved in cloud mining should directly be discarded as trustworthy person. It's nothing more than a well set up plan to gain basically guaranteed profits as service. If at some point they feel that there isn't much money coming in anymore, they have all the freedom to lift fees, or even terminate your contract. And if in extreme situations that isn't helping either, they just stop their cloud mining activities. I often see people refer to cloud mining as being a legal form of scamming, and they have a great point there, because they aren't doing much wrong, unless they aren't actually having a mining operation.

[cryptonomics_dealer]

I can't said that cloud mining is only negative. Yes it's really a problem, that services (at least hashflare) don't let you to make windrawals to exchanges when price of Bitcoin is growing up. It can be interesting experience but you'll never been sure that you cloud mining contract will finish in a "peaceful" way))

[Slow death]

What are the possible reason on thier contradiction?

Everywhere there are those who profit and those who have losses. by that I mean the following, for people who entered the cloud mining sites very early had the benefit of having many referrals and with that today they make a lot of money, there are also people who invested a lot of money and who also make huge profits and have people that are with damages, but this depends on the contract that each person has.

So it depends on the person you ask.

If someone has profits, obviously he will tell you that cloud mining are good investments.

If the person never invested in any cloud mining site and this person has just read some bad comment about some cloud mining company, then he will say to you: don't invest in cloud mining

If someone invested and did not like or disagree with the gains that have, this person will say to you: don't invest in cloud mining sites

Whos recommendation should i try and why?

You should do your own research and decide for yourself.

[Rinsend]

I know a little about cloud mining.
I think so far cloud mining is still very profitable although it is not recommended for beginners.
because there are many costs that need to be issued.
but if it can be well set.
this can produce quite large

[Anne8]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

If you want to gain passive income then mining is good but you should stay where electricity is very cheap.
If not cheap, it is like you put your money on risky because you will pay more in electricity.

[ActiveWizard77]

Mining is a good way to get a passive income. But mining bitcoin right now is not a good idea. You see the difficulty in mining bitcoin is much higher than before. I think you should try mining altcoins instead.

[hercules006]

Even nicehash and genesis mining? Thats quite odd if yes i see a lot of good reviews in thier site, though the nicehash was hack, they are doing actions. Anyway i will take your opinion into consideration before doing my decisions. Thank you

[hercules006]

Mining is a good way to get a passive income. But mining bitcoin right now is not a good idea. You see the difficulty in mining bitcoin is much higher than before. I think you should try mining altcoins instead.

D you have an recomendation what is the good coin to mine? Have you heard about decred?

[gesdan]

yeah im agree with the second arguments, i think the cloud mining is have a big risk than other ways to get bitcoin, last time i use cloud mining i got scammed by that cloud mining, i dont know why it can happen but after that i know that cloud mining is not reccomended because there are many scam on it

[hercules006]

yeah im agree with the second arguments, i think the cloud mining is have a big risk than other ways to get bitcoin, last time i use cloud mining i got scammed by that cloud mining, i dont know why it can happen but after that i know that cloud mining is not reccomended because there are many scam on it

Is that well known cloud mining provider? What are your ways of acquiring bitcoin?

[sunsilk]

What are the possible reason on thier contradiction?

Those people that are recommending cloud mining experienced profit through it and they don't have capital to buy their own mining rig.

And for those people that are saying that it's risky which is right they know how cloud mining works and for sure they are once a victim of other cloud mining.

Whos recommendation should i try and why?

DYOR mate.

[hercules006]

DYOR mate.
[/quote]

I did and im still doing my research, it just that, i think its good to hear some opinion of people who had experience in cloud mining. Anyway, thanks man!

[reck1ess]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?

Bitcoin mining could be risky especially when you do not have experience in mining you may end up losing profit, also if you have low budget, better not go with mining. But if you know someone expert in mining, you can ask for some advice and recommendation.

[nonilon]

In some country they have good btc mining like in hardware and they talk all about gpu and hash,i know mining in telegram but the earnings are base on your invite.So i think if you want know mining there's a mining (pools) section here so read all about mining there because if you post mining here in this section no one can give you exact answer what is mining like me i only know telegram mining,Try also in fb