"Bitcoin mining is a Big no!"

[santafewarrior1980]

If i have only enough capital I will invest mining although mining is risky but  gives a good that's the reason of some people become rich because are not afraid to invest.

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[mesmerakyns]

Cloud mining is a big No... If you sure have the money you can go big by starting a mining farm but if you had like to start small am sure an antminer s9 is OK though it might take you like 7 months to get your ROI due to difficulty and electricity bills.

[blue_nexus15]

If i have only enough capital I will invest mining although mining is risky but  gives a good that's the reason of some people become rich because are not afraid to invest.

Mining is a long-term and stable investment. You only need to invest in equipment and start mining until new equipment is replaced. There have been many investors becoming rich with mining jobs from the time that the emerging cryptocurrency market. Currently the difficulty of mining has increased so much profit so much less as before as mining is still a favorite job of many investors.

[micleeiu398]

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?

I don’t know for sure, but as of now I don’t have any interest in Bitcoin mining or anything that has to do with mining. I once had much interest in Bitcoin mining and that was when I was still a newbie, but after the experience I had with Cloud mining, I ruled a big X on Bitcoin mining. I’m no more interested in it and I don’t think I will do it.

[TheGreatPython]

Cloud is the place to store user information. Bitcoin does not use the user's personal information so there is no reason to exploit it in the cloud, which is unreasonable.

Bitcoin mining is a good thing to do actually but for a person who is having this much of resources that he can arrange some super computers having a fast processing speed and that he needs to set up mining fields. Other than mining fields, a lot of money will also be spent in order to meet the power and electricity problems and other expenditures. Mining is actually not that much feasible thing as compared to that of holding and trading.

Those who are enjoying mining presently are just the early adopters who got into the mining business early hand have been able to make a lot from their holdings over time. Asides that, anyone who is trying to consider mining right now should be ready to spend a lot or probably just buy and hold or learn to trade, which I know for long will keep giving profit.

[Digital_Lord]

Cloud is the place to store user information. Bitcoin does not use the user's personal information so there is no reason to exploit it in the cloud, which is unreasonable.

Bitcoin mining is a good thing to do actually but for a person who is having this much of resources that he can arrange some super computers having a fast processing speed and that he needs to set up mining fields. Other than mining fields, a lot of money will also be spent in order to meet the power and electricity problems and other expenditures. Mining is actually not that much feasible thing as compared to that of holding and trading.

Yes bitcoin mining is the expensive way of earning it will give you profit but will take lot of money to spend as well. At first bitcoin mining need some equipment and that equipment are very expensive, after those equipotent your bitcoin mining will consume a lot of electricity and someday it will become unaffordable for you, but some people have made high profits even in this situation and a small patience made them millionaires forever. So bitcoin mining can be good and bad at the same time, but if you can have the stamina to go through these conditions you can earn high profit.

Pretty expensive and one will have to put a lot of things into consideration to know if it is feasible or not and most especially electricity which has always been the bone of contention.

Mining is not a child's play and unless for those who may just want to go small scale, mine some altcoins without considering the present gain, but the long term of the coin, that is the only way it can make sense. If you do not have a lot to spend, bitcoin mining is a big no.

[zeaderza]

Yes, bitcoin mining is not really big, because it is small and most are not sure whether it is legit or not, many mining sites are just wasted time because they do not transact or transfer.

Unless the difficulty drops a lot and which obviously would have affected the value, then bitcoin mining is a no go area. Those who started few years back mining with their CPUs, switching to GPUs when the difficulty is in no way compared, are the ones enjoying the moment now, since they have been able to expand, but for newbies, that is a terrible path to thread now.

[Victorycoin]

Yes, bitcoin mining is not really big, because it is small and most are not sure whether it is legit or not, many mining sites are just wasted time because they do not transact or transfer.

Unless the difficulty drops a lot and which obviously would have affected the value, then bitcoin mining is a no go area. Those who started few years back mining with their CPUs, switching to GPUs when the difficulty is in no way compared, are the ones enjoying the moment now, since they have been able to expand, but for newbies, that is a terrible path to thread now.

That is true but the inference that mining is a no go area, isn't exactly correct. Wheres the difficulty of Bitcoin might have increased, there are countless of other coins with far lower difficulty rates and anyone can channel their own mining gears towards mining of altcoins and subsequently exchange back to Bitcoin if need be.  .

[Donceng]

it is true that in mining can have a passive advantage, and must have a high patience, all there is a process to get high profits, if you want to have many profits you must have a referral that a lot of at least 15 people will get profits flowing profusely.

[whirlcoin]

Bitcoin mining needs huge investment but it is worth to do because in mining we can make stable income and the miners are very important until the bitcoin is living,if there is no miner no bitcoin.So we can't say no to mining if you want bitcoin to be here.

[linshisui38]

Cloud mining says its advantages; A quiet, warm home - no constant hum of the fans, without increasing power costs, when mining stop profit, no equipment, can sell hot, no ventilation problems, reducing down by mining equipment suppliers.

But I tell you all the cloud mining is a fraud. No one would suggest you invest in cloud mining sites because they are mostly ponzi schemes.

[rapidleech]

So its obvious these days Bitcoin mining is not so profitable compared to trading & holding
just buy & Hodl

[shoreno]

Cloud mining says its advantages; A quiet, warm home - no constant hum of the fans, without increasing power costs, when mining stop profit, no equipment, can sell hot, no ventilation problems, reducing down by mining equipment suppliers.

But I tell you all the cloud mining is a fraud. No one would suggest you invest in cloud mining sites because they are mostly ponzi schemes.

no , not all. There are still few cloud mining sites that are legit. one example is hashflare and nicechash. but i think working on them is still pain on the ass because you cannot expect to earn a sufficient profit while mining on them. much better if you can just stop mining and start on buying and investing or maybe trading in order to earn huge returns for your capital.  mining is only good if you have a lot of them and if you are doing it for a business purposes because you woudnt mind the overall cost.

[redsun114]

it is true that in mining can have a passive advantage, and must have a high patience, all there is a process to get high profits, if you want to have many profits you must have a referral that a lot of at least 15 people will get profits flowing profusely.

You can set up a mining field if you want to but the point is mining can only be profitable if you are living in a country which is full of resources and the place where you can get electricity all the time and that too at lower rates. Otherwise, it will get very much difficult for you to manage the things and that it will get to much costly as well for having all the things which can then help you in mining.

[Deewhy2]

Mining is good and it a good income generating way,  but some most of the mining are scam.  The best is to last ok for a trusted one to invest on...

[ChrisTaylor]

Mining is good and it a good income generating way,  but some most of the mining are scam.  The best is to last ok for a trusted one to invest on...

im trying to launch a small scale mining, but i really think that i've just loose the big buck in this already. With the advent of mining (in each type/form etc) I now that the money is not there anymore to be made. I dont see a bright future for small scale operations and to this point is the main thing that is stopping me from kickstart my own.

[yurenchuang7125]

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 is rubbish, and most cloud sites are now deceiving investors and not investing any money.

They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.

I think the best way is to invest in bitcoins rather than cloud mining.

[mostkey]

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 is rubbish, and most cloud sites are now deceiving investors and not investing any money.

They will take your money, they will only show that they have made great progress in digging, but honestly, they have not made any progress.

I think the best way is to invest in bitcoins rather than cloud mining.

it's hard to now trust cloud mining because basically it will just take your money, it would be better for you to menginvepqstasikan in some ico that has been trusted and has good reviews. or you can generate from campaigns and such.

[ann_82]

I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining

[blockman]

I also tried the so-called cloud mining in 2016. I know I invested 1 btc it did not represent much and I was going to get my investment in 4 months. After 1 month the site disappeared. I do not recommend investing in cloud mining, the cost of being in terlu high too high while bitcoin from mining is not much, my opinion buy bitcoin better than mining

Cloud mining is really shady especially those new ones. They found this scheme as something easy to fool investors. I became an investor of it before too, I can't remember if it's a Ponzi or cloud mining but still in the end I became a victim and scammed. Charge to experience, there's nothing permanent in this world unless you are earning through legit and real investments. Just don't invest in cloud mining anymore if someone wants to mine, build your own rig.