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Author Topic: "Bitcoin mining is a Big no!"  (Read 2094 times)
wastetimer1
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August 20, 2018, 08:55:31 AM
 #401

Many of the people using the bitcoins are there think it to be a scam.
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greylandm
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August 20, 2018, 09:05:25 AM
 #402

Can’t really depend on these and therefore you must be very careful with them.
ethereumyeahhh
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August 20, 2018, 10:36:04 AM
 #403

Most of these Bitcoins mining are nothing but scams and you gotta be careful.
liliano
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August 20, 2018, 10:47:42 AM
 #404

online mining for me is too risky, if you want investments in mining, I recommend buying your own mining infrastructure like antminer for bitcoin and vga miners for mining altcoins.
poloollec
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August 20, 2018, 01:18:27 PM
 #405

There is nothing worst than cloud mining and it is a complete shit.
dulinivanrus
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August 20, 2018, 05:08:02 PM
 #406

Now it has become mainstream and I think that it is not profitable and you need to look for an alternative to mining another cryptocurrency)

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cleimor4e
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August 21, 2018, 08:35:50 PM
 #407

It is always to take the opinions from the people and then see what is right and wrong.
NikalaiGoglinski
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August 22, 2018, 11:50:38 AM
 #408

I think its not profitable anymore but dont have enough information on it
brooklynian
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August 22, 2018, 03:07:08 PM
 #409

I don't want to think of mining cryptocurrency for a while now, except maybe for a startup coin. There are a lot of scams associated with cryptocurrency mining and people have lost all their investments in those cases. As at today, I doubt if there is any trustworthy mining firm. I will rather buy my coin and hold.

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August 23, 2018, 04:21:46 AM
 #410

Impair exploration is actually a bad supply of bitcoin generating, the easiest way would be to construct your personal exploration along with effective rigs as well as equipment to create your own exploration operate efficiently and can be found with regard to long time period, however, you require large amount associated with funds for yours. Following you'll want to possess correct upkeep from the gear to prevent more than warmth.

DOLONCHAPA
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August 24, 2018, 02:27:05 PM
 #411

Its too much easy to say but so tough to do.  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. Scamming is available here. Make good idea first.

93Bitcoiner
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August 24, 2018, 03:57:27 PM
 #412

These group of advisors and they are nothing but scammers.
Mhd-Bobbi
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August 24, 2018, 04:38:06 PM
 #413

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?
Those who give you advice are good. But you need to pay attention that all that is said is not necessarily true as you think. You have to be careful that now many people are providing fraudulent cloud mining, my advice is that you have to provide tools to mine, maybe you can get more income.

clairdelune
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August 24, 2018, 11:05:00 PM
 #414

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?

What they have told you is true in mining you can also earn big but you have to invest with the cpu mining and if you do not have a big money you cannot buy it and after you buy your cpu mining you will used a big electricity cause it uses your electricity 24/7. But if you do not have the money for investing the cpu mining you can just invest in buying coins and hodl it or use it for trading. In doing the crypto you have to learn and study it first so that if you start doing it you already know what you will do cause here in crypto if you do not have the knowledge then you will not earn and you will just lose what you have invested on. It is not hard to learn the crypto just be patient in reading and understanding on how you can make a good profit from it cause if you do the crypto without any knowledge then when you do a transaction and you think it is wrong you cannot undo it already cause once you have transact the transaction there is no record that you can go back. You have to be careful in doing the transaction here in crypto.
Showmethebtc
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August 25, 2018, 06:57:21 AM
 #415

“Cloud mining” is not the best mining method, although it seems more convenient and fast, but 70% of “cloud mining” is fraudulent!
culuuton
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August 25, 2018, 07:08:10 AM
 #416

“Cloud mining” is not the best mining method, although it seems more convenient and fast, but 70% of “cloud mining” is fraudulent!
Up to 90% of them, most of them are fraud. It is best to invest and exploit yourself if you live in a place where electricity is cheap.

Webetcoins
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August 25, 2018, 11:19:39 AM
 #417

Impair exploration is actually a bad supply of bitcoin generating, the easiest way would be to construct your personal exploration along with effective rigs as well as equipment to create your own exploration operate efficiently and can be found with regard to long time period, however, you require large amount associated with funds for yours. Following you'll want to possess correct upkeep from the gear to prevent more than warmth.
You are right it is very hard to make income with mining if you have no money to buy all mining equipments, but if you have good money to buy the equipments then it can help you buy huge profit, I was not considering bitcoin mining as my source of income but now thank to all my mining equipments I have huge amount of profit, so for me it is not no but entirely yes for mining.\

astridwi
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August 25, 2018, 12:42:48 PM
 #418

the term is now playing the digital market or money bitcoin online, and not a few people are getting the coins indirectly sold but collected or mined to great or market price is high, it can be so lucky later could be even down market price, not forever coins collected will be sold expensive.

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Fluxtorrence9
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August 26, 2018, 07:17:55 PM
 #419

Bitcoin mining is a no for gpu and CPU owners who wants to mine Btc ,the hashrate has skyrocket and it has makes GPUs and cpus rather useless ,asic miners is the only ways ,and please people should stop using cloud mining or face the consequence.
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August 29, 2018, 07:19:50 AM
 #420

Sometimes we do not know that mining is a scam or not but more scams ponzy, there is a reputable site that I think is legal and no element of scam, it is true income there is very small but definitely in earnings.
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