"Bitcoin mining is a Big no!"

[winterland]

Why not folks, if you have enough capital, low value of electricity, good country weather, updated system technology knowledge (specially in bitcoin). It's up to you, just always remember "time flies away like an arrow". So decide now and be a source of bitcoin, cause this is the future currency.

But you are only signally the pros, there are many cons as well, there a lot of things that you need to deal with before you become a successful miner for example if you life in a country with difficult access it can be difficult to get your miners and is not rare to get some faulty unit and if that happens it is going to be very difficult to return it back and get another one, you need to calculate very well the profit that you are planning to get and the price of bitcoin but if it varies wildly as it's very likely then your profits could be lesser than you thought and you could operate for a loss for a long time.

[LuffyD.Monkey]

Why not folks, if you have enough capital, low value of electricity, good country weather, updated system technology knowledge (specially in bitcoin). It's up to you, just always remember "time flies away like an arrow". So decide now and be a source of bitcoin, cause this is the future currency.

But you are only signally the pros, there are many cons as well, there a lot of things that you need to deal with before you become a successful miner for example if you life in a country with difficult access it can be difficult to get your miners and is not rare to get some faulty unit and if that happens it is going to be very difficult to return it back and get another one, you need to calculate very well the profit that you are planning to get and the price of bitcoin but if it varies wildly as it's very likely then your profits could be lesser than you thought and you could operate for a loss for a long time.

In countries where there are so many issues and that you can’t have electricity and power supply all the time, it will not be an easy thing for you to get into mining and set up mining field. I don’t really think so that setting up a mining field in countries other than very well-developed countries is a very good idea and that if you will do so, then you will only suffer a huge loss and that you will nothing fruitful in return.

[noormcs5]

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

I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.

[Quidat]

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

I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.

You would really need a big capital for you to engage with actual physical mining specially with bitcoin knowing asic miners wont really be cheap at all. Cloud mining investment wont really be ever a worthy investment thing to do.Either you would really end up on negative profits considering mining difficulty do rise up overtime which would really always result for your profits to be lessen as the time goes by.

[Topaz72]

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

I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.

Not only hard working but it is very expensive and time taking taste that an ordinary or working person cannot afford mining. Yes people start mining but then they gave up soon so it is best thing not to touch it until you prepare yourself for it, after having high amount money you will not have to do anything but only wait to let your investment grow so for me best choice is investment as compare to the mining, in short no to mining and yes to investment from my side.

[iv4n]

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

I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.

Not only hard working but it is very expensive and time taking taste that an ordinary or working person cannot afford mining. Yes people start mining but then they gave up soon so it is best thing not to touch it until you prepare yourself for it, after having high amount money you will not have to do anything but only wait to let your investment grow so for me best choice is investment as compare to the mining, in short no to mining and yes to investment from my side.

Same happened to me, not with 1 btc, I invested much less but cloud mining site I chose disappeared one day. Since then I never invested in cloud mining again, but I tried few along the way with their free hash they give for new members, with that free I never earned nothing, I didn`t withdraw a cent from all that free, faucets can be considered as good way of earning compared with cloud mining. It`s my experience, but I understand what op is trying to say, I see people who talk good about cloud mining, I always thought they are paid to do that, there is no other explanation.

[coin_1122]

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

I do agree with you, mining is really hard working work and in mining you need big capital and secondly if you do cloud mining then it is also risky. I also want to start bitcoin mining but when i estimate it then it is out of my budget and i can't earn profit from it. I agree with you in this point that buy bitcoin it is more better than do mining.

Yes, it is very difficult to buy the equipment because I dont have much knowledge about the mining. I find mining needs a lot of time to mature the Bitcoin. Even the hardware seems to very expensive and which normal person cannot able to invest because of equipment cost.

[tuikindu01]

Mining is, of course, the best way to get bitcoin, but you need a lot of machinery and huge financial resources to support it.

But you said that this cloud mining I think it is a liar, do not want to believe in what cloud mining, not to invest money.

[etron]

it is true that you say, 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.

[Ambrosius]

If you do not have a lot of money to buy or rent mining tools and experience mining bitcoin do not have to do that. If it fails then you will lose. There are many other ways to profit for example trading and participate in bounty campaign.

[Ashleybarnes2]

I think it depends on your financial stability. Earning 80k a year through minin isn't worth if for some people so I think this question is relative. Yes mining bitcoin is a good idea but there are probably more profitable routes you can go down with the right expertise

[Sum24]

If you do not have a lot of money to buy or rent mining tools and experience mining bitcoin do not have to do that. If it fails then you will lose. There are many other ways to profit for example trading and participate in bounty campaign.

Yes and it is the main reason why I say NO  to mining because it consume a lot of money only to buy the mining equipment's and after that it uses a lot of electricity that you will have to pay the bills every month. For user we have a lot of way to make profit from bitcoin then there is no need to stick with mining only, if you have capital to invest then buy bitcoin, install your wallet and transfer all your bitcoin in your wallet... How simple is that so thinking it is good to say YES for investment and say NO to the mining.

[ZXChange]

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?

Go to whattomine.com.  Plug in all hardware gpu, power consumption, and it will give you profit/loss analysis.

[ZXChange]

I think it depends on your financial stability. Earning 80k a year through minin isn't worth if for some people so I think this question is relative. Yes mining bitcoin is a good idea but there are probably more profitable routes you can go down with the right expertise

Agreed.  The best mining infrastructure still has a 15 month ROI.  Of course, thereafter it's perpetuity, but how much longer?  Depends on how hard you are overclocking your cards and air temperature with circulation environment.  Otherwise, worst case scenario if someone doesn't know what to do, they should receive their returns in 26 months.  In this market, there's better profits with just investing in Top 10 of the coins market where someone will yield returns for doing literally nothing in a 12 month period.  If you have an appetite to further risk your funds, study and review ICO's.  More money to be made then mining. 

[quality.crypto]

Bitcoin Mining is profitable to people whose financial status is good because for we need to invest a lot of amount for the equipment. Now already many people who are mining is facing the mining difficulty to mature 1 Bitcoin, with this difficulty how can the normal financial person survive with Bitcoin mining.

[akram143]

Bitcoin Mining is profitable to people whose financial status is good because for we need to invest a lot of amount for the equipment. Now already many people who are mining is facing the mining difficulty to mature 1 Bitcoin, with this difficulty how can the normal financial person survive with Bitcoin mining.

Yes bitcoin mining is one of the good way to earn profitable bitcoin in a short way but it expenses a lot of investment in mining devices so we cannot make or put higher amount but once you will invest in bitcoin it will give profit continuely.

[winterland]

Why not folks, if you have enough capital, low value of electricity, good country weather, updated system technology knowledge (specially in bitcoin). It's up to you, just always remember "time flies away like an arrow". So decide now and be a source of bitcoin, cause this is the future currency.

But you are only signally the pros, there are many cons as well, there a lot of things that you need to deal with before you become a successful miner for example if you life in a country with difficult access it can be difficult to get your miners and is not rare to get some faulty unit and if that happens it is going to be very difficult to return it back and get another one, you need to calculate very well the profit that you are planning to get and the price of bitcoin but if it varies wildly as it's very likely then your profits could be lesser than you thought and you could operate for a loss for a long time.

In countries where there are so many issues and that you can’t have electricity and power supply all the time, it will not be an easy thing for you to get into mining and set up mining field. I don’t really think so that setting up a mining field in countries other than very well-developed countries is a very good idea and that if you will do so, then you will only suffer a huge loss and that you will nothing fruitful in return.

And not only that, you are dependent on the electric grid but you are also dependent on the Internet grid there are many countries in which the Internet is very intermittent and even if there is a good electric grid and the Internet functions well you are also dependent on many other networks for example it is very likely that you are going to order your miners outside of your country and you will be dependent on those miners to arrive safe and well, and if that is not the case then you will need to return it taking a way a few weeks and while that doesn't seem like a lot that is critical in a business like mining.

[Bowly88]

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?

Mining bitcoins can be a little bit expensive rather than investing in them or working for an ico in exchange to their coin and that can gube you coins that you will.sell into bitcoins. Because because if that mining thing the video card of a computer is getting expensive too beca of the higher demads and the lower supply and that thing is the thing thatbis being used in the mining so you cannot start doing mining if you do not have that GPU. And the pc gamers is being affected too. Just stick with the other ways.

[lastnumber]

I do not think so. The current mining of Bitcoin is a major problem for miners. Especially in the current period, when Bitcoin prices are below $ 9,000. The import, investment of machines with large amounts, the use of electricity to maintain the operating machinery will be charged very high. It is hard for Bitcoin diggers today.

[Ingramtg]

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

Well it's altcoin and it's better or should i say it's more profitable on short term investment though , you can take a look on this site let me know what you think though https://www.cryptocompare.com/mining/pools/coinotron/ .