"Bitcoin mining is a Big no!"

[Lagrood]

I am not a specialist in this theme but as far as I know mining is profitable now especially for private persons. I remember the hype around the mining some time ago when even scholars tried to main on their PC at home but how it is a field of professionals with their powerful equipment.

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[TraiKH]

They have their own stance and views. Everybody feels good about what they have done and is right. I also visited, learn, find what is the best and most promising. But I realized that only consciousness and belief existed in this market to materialize its own choices. That it is too hard for you to determine anything absolute.  

[Harley29]

Listen to your mind, you need to do research yourself. This society is not of depending over the others, rather be on your own guard.

Im not in favor of bitcoin mining because the price of mining rig is very expensive instead of buying those computer hardware accessories you must try to invest it in buying cryptocurrency.

It is not like that mining is only useless or it will not give you profit, as even mining is full of profit but the only thing is that it has a bit of risk which makes it a bit down and we will have to buy a lot of equipment for mining which are highly expensive so that’s why people including me prefer to buy directly bitcoin and invest money to it instead of starting mining for highly expensive profit.

[jeepuerit]

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?

its not a Big no, because you do not do anything when you're bidding on Bitcoin, you just have to wait to grow it up and you're gonna get it, this is a great help when you're Bitcoin, because it's a lot more you can do, maybe You make it a trading investment.

[panganib999]

It is not really bad to try on mining. We should not think a negative thing about mining because it somehow complete the ecosystem of cryptocurrency mainly bitcoin. It serves as the regulator of the system of bitcoin in terms of transaction because mostly miners used a set of technology to mine bitcoin or other cryptocurrency that could affect or help the development of the price of bitcoin and make a huge changes on the system of transaction and earning for the future.

[SangitAlam]

If cloud minings are profitbale , than most of the cloud provider would do it by themselve. Its just a way to selling their ponzi ( in most cases)

[Blue Bell]

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?

its not a Big no, because you do not do anything when you're bidding on Bitcoin, you just have to wait to grow it up and you're gonna get it, this is a great help when you're Bitcoin, because it's a lot more you can do, maybe You make it a trading investment.

Good approach through if you are good in mining for the long time then you will have a good experience on it, so I think it is not really bad if you will learn how to deal with it, I am mining user I use to earn decent money every year besides the electricity charge as most of people like it for being so expensive but it feels bad if you use it as cloud mining in term of payment system;.

[ricardobs]

It is not really bad to try on mining. We should not think a negative thing about mining because it somehow complete the ecosystem of cryptocurrency mainly bitcoin. It serves as the regulator of the system of bitcoin in terms of transaction because mostly miners used a set of technology to mine bitcoin or other cryptocurrency that could affect or help the development of the price of bitcoin and make a huge changes on the system of transaction and earning for the future.

There is nothing in this world which does not having any advantages. The only thing which you need to do is that you must analyze yourself first and then you must decide that if you are suitable for this thing. If you feel like that you can go for mining of any of the crypto coin and that you will be able to make some good money, then you should go for it but you must keep all the things in your mind first.

[nydiacaskey01]

Good approach through if you are good in mining for the long time then you will have a good experience on it, so I think it is not really bad if you will learn how to deal with it, I am mining user I use to earn decent money every year besides the electricity charge as most of people like it for being so expensive but it feels bad if you use it as cloud mining in term of payment system;.

You mentioned 2 kinds of mining here, mining Bitcoin with a rig that uses electricity and cloud mining where you need to buy hash power to earn. In both cases it can be a big NO, IF the electricity in your country is expensive, your profits will be eaten by the electricity cost plus other expenses. But if you have access to cheap electricity or even FREE electricity then go for it.

In the case of cloud mining, its a NO for me, most of them are ponzi. Those that takes only a few weeks to hit ROI, most likely its ponzi, those that takes time to hit ROI maybe legit but think of how long you money will be locked in.

[C. Bergmann]

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 have this link you can check it out if you want to , but then again mining is a good source of income a passive income rather so there is no but the only thing you will face or the risks of doing a mining is the expenses but its not the reason to why bitcoin mining is no.

Link : https://www.bitcoinmining.com/best-bitcoin-cloud-mining-contract-reviews/

[Rosilito]

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?

Why no? Mining is a good option of earning bitcoin though and it is also the very first way to have bitcoin and why would it be bad? If there is no mining then there is no bitcoin specifically. Well, it might be too long for you to have a decent money out there when you are mining but the chances is pretty high compared to investing stuffs and so on. The bad side of bitcoin mining is that, it consumes a lot of electricity and so the bill will be pretty much costly.

[yanixbtc]

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.

To invest in cloud mining it is cery important to know the pros and cons of it. It’s true that mining is profitable and a passive income provider but you should also consider the cost of maintenance. The high electricity bills and the costs of equipments.

[btcdiggingmaster]

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.

To invest in cloud mining it is cery important to know the pros and cons of it. It’s true that mining is profitable and a passive income provider but you should also consider the cost of maintenance. The high electricity bills and the costs of equipments.

I think cloud mining is not good for investment, because we will face lot of problems with payouts. You will get payments for certain period but after they will scam you. We have many experience about previous cloud mining investment, so think twice before investing.

[lienfaye]

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?

Why no? Mining is a good option of earning bitcoin though and it is also the very first way to have bitcoin and why would it be bad? If there is no mining then there is no bitcoin specifically. Well, it might be too long for you to have a decent money out there when you are mining but the chances is pretty high compared to investing stuffs and so on. The bad side of bitcoin mining is that, it consumes a lot of electricity and so the bill will be pretty much costly.

Yes mining is a good option but expensive to have your own BUT the financial adviser whom op met is recommending "cloud mining" which is actually a risky way to acquire btc. They are paying at first but you dont know when they will take your money and runaway, majority of those cloud mining is just scam. Its better to grow your money on your own by investing and trading rather than relying in those cloud mining sites without assurance and has high risk.

[doroshok]

Indeed, bitcoin mining is a very problematic niche. A lot of scams. Try the usual production. I think it's a much better idea.

[Scripture]

Mining is advisable back then where people are still starting to mine bitcoin and mined for about 20-50% only. Now that its 20% remaining, the payout regarding these one are sadly not enough. Miners choose to quit because there are no money left on their payout including fees.

[jakagintiri]

to mine bitcoin now it is difficult because of its competition and the number of coins is getting less scam sites and to do mining and want to get great results do have to spend a very expensive initial capital, I suggest to join trading or bounty and airdrop only to get bitcoin.

[nniecan001]

to mine bitcoin now it is difficult because of its competition and the number of coins is getting less scam sites and to do mining and want to get great results do have to spend a very expensive initial capital, I suggest to join trading or bounty and airdrop only to get bitcoin.

The expensive capital and competition is always on the track when you are entering the mining crypto business, by chance or just keep this on your mind. If you want to find profit or good bunch of income, the mining is one of the good option, still it's up to you when.

[riyand]

I think cloud mining is not a good thing to start a business in the field of cryptocurrecy,
cloud mining has a pyramid system with a ponzi scheme that allows it to go bust faster
also not the least of them are scammers

[CryptoMike14]

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.
If you want to earn from bitcoin you just need to buy bitcoin and rest it on your wallet or make a trading, this is more secure for you and you can join bounty campaigns too.