"Bitcoin mining is a Big no!"

[Harley29]

hard to Mining Bitcoin now  difficulty and high hs , and also Expensive Miner tool

Well to some extent you have point to be noted as if you want to mine keep one thing in mind that it is an expensive way of earning. But I think mining and buying bitcoin are bitcoin earning different gates, for mining you will have to spend very huge capital but your profit will be bigger too, for investing you will have to buy bitcoin and simply hold it but for mining you will have to spend some capital to buy equipment’s as well so that why most of time people say no to mining.

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[Duzter]

In the situation right now of bitcoin we could say that no to mining first because like i said earlier the situation of bitcoin right now is not good. The value of bitcoin as of today is again decrease at 5% above and it looks like it is decreasing more so for now mining is not profitable but it can be in the future.

The price will increase, and users whose focus is to profit after long term could get a bigger earning through mining. At present the mining tool is more expensive, and most of the users who profit out of the same are large scale investors who contribute big to the mining. From my understanding mining is profitable and not same as the past, and users should not give up mining as it is the root for each and everything happening with bitcoin.

[agus_sna]

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 think deepening the world of bounty is enough for me, the reason we do not drain a lot of time to stop the bounty world, we take a moment to bounty, at most 1 hour in a day, and we use android almost all day, so what is the weight for you to follow bounty?

[outdatedruff7]

As far as i know minig gives you constant income without any headche. You just go on mining irrespective of what the price of market is.

[Greenkarki]

As far as i know minig gives you constant income without any headche. You just go on mining irrespective of what the price of market is.

That's what I too thought mate. But it doesn't meet up the expectations. There is standard income but not profitable. Two main reasons not causing profits.  One is the low value of the coins mined and the second one is the electricity cost. If you calculate the balance after the electricity charges, it's really low. With this balance it would take months to at least get back the investment made.

[thegreatdodoy]

As far as i know minig gives you constant income without any headche. You just go on mining irrespective of what the price of market is.

That's what I too thought mate. There is standard income but not profitable. Two main reasons not causing profits.  One is the low value of the coins mined and the second one is the electricity cost. If you calculate the balance Kraft after the electricity charges, it's really low. With this balance it would take months to at least get back the investment made.

Me too. I'm not in favor in mining because its very costly and need to be properly checked the mining rig often to maintain its performance I suggest to buy directly buy to trusted coins the amount you allocated to invest in buying computer hardware and accessories so you can start earning.

[santiPOGI]

There are countries who has low payment with electricity,
some are very cheap and others are free.
those are the the one who it is good to have mining.
but if you are not on those country and need more equipment just buy coins and do trades.
invest in ICO and wait.

[rye18]

There are countries who has low payment with electricity,
some are very cheap and others are free.
those are the the one who it is good to have mining.
but if you are not on those country and need more equipment just buy coins and do trades.
invest in ICO and wait.

Yes, may be for some countries in midle east is very good to do mining because they are the countries with a very low in elecricity billing.

[royalfamily1000]

There are countries who has low payment with electricity,
some are very cheap and others are free.
those are the the one who it is good to have mining.
but if you are not on those country and need more equipment just buy coins and do trades.
invest in ICO and wait.

Yes, may be for some countries in midle east is very good to do mining because they are the countries with a very low in elecricity billing.

Im not in favor also in bitcoin mining because this is very expensive and sometimes the coin we mine is not profitable, so i must invest my money directly to cryptocurrency.

[rightway00372018]

There are countries who has low payment with electricity,
some are very cheap and others are free.
those are the the one who it is good to have mining.
but if you are not on those country and need more equipment just buy coins and do trades.
invest in ICO and wait.

Yes, may be for some countries in midle east is very good to do mining because they are the countries with a very low in elecricity billing.

Im not in favor also in bitcoin mining because this is very expensive and sometimes the coin we mine is not profitable, so i must invest my money directly to cryptocurrency.

yes, mining is not too profitable, you should divert in buying  into crypto instead of buying expensive computer hardwares to mine.

[DomainTorrent]

If you're going into cloud mining right now without prior experience then I would suggest forget it. Not only it's risky, you're just putting yourself in a headache full type of situation. It's just now worth it. A novice going into this field is like going to a war with zero experience. Not unless you have a veteran who's always at your side guiding you in each step of the way, don't venture into something where your knowledge is quite limited. For me, trading or buy/sell bitcoin is a better choice. You just have to be smart and cautious all the time to be on the advantage point.

[kiloiko]

Joining to groups wherein they do cloud mining is a little bit risky since you don't know them personally or they are not in your place either, but owning a mining equipment that is another issue since whatever you mine it's all yours but maintaining a mining tools is expensive so you need to earn big to keep those thing working.

Im not in favor in bitcoin mining because aside from very risky the computer hardware is also very expensive so instead of buying mining rig, i prefer to buy directly cryptocurrency to start earning.

Agree, we don't know yet what will happen to our mining rig investment if it can survive and earn the amount what we expected.

Setting of the mining fields to mine any of the crypto coin is a very good idea but only at place where you are very much sure that there will no issues and that you will be having enough of the power resources. In addition to this, you also need to be sure that you are having enough of the investment amount as it takes a lot of time to set up a mining field and to purchase higher performing super computers.

[onebtcforlife]

Joining to groups wherein they do cloud mining is a little bit risky since you don't know them personally or they are not in your place either, but owning a mining equipment that is another issue since whatever you mine it's all yours but maintaining a mining tools is expensive so you need to earn big to keep those thing working.

Im not in favor in bitcoin mining because aside from very risky the computer hardware is also very expensive so instead of buying mining rig, i prefer to buy directly cryptocurrency to start earning.

Agree, we don't know yet what will happen to our mining rig investment if it can survive and earn the amount what we expected.

Based on my experience i don't find anything positive about the Bitcoin mining because it will take a lot of time to mine the Bitcoin and due to the difficulty it is very hard to predict. If there is possiblity better shift your mining investment to other forms of investment.

[Mister1k]

Joining to groups wherein they do cloud mining is a little bit risky since you don't know them personally or they are not in your place either, but owning a mining equipment that is another issue since whatever you mine it's all yours but maintaining a mining tools is expensive so you need to earn big to keep those thing working.

Im not in favor in bitcoin mining because aside from very risky the computer hardware is also very expensive so instead of buying mining rig, i prefer to buy directly cryptocurrency to start earning.

Agree, we don't know yet what will happen to our mining rig investment if it can survive and earn the amount what we expected.

Based on my experience i don't find anything positive about the Bitcoin mining because it will take a lot of time to mine the Bitcoin and due to the difficulty it is very hard to predict. If there is possiblity better shift your mining investment to other forms of investment.

If you own higher end ASIC miner with you can mine the Bitcoin means you can do with it else kindly avoid the investment more on mining to make the profit. Since difficulty is increased for btc, eth and Monero. Now with GPU mining and all not worthy to mine with cards.
So check the good one among all the altcoins minable. Then you need to get the best out of it.

[does]

never go cloud mining.
thats not worth it.

[nodulelibyane7]

I think you should take the second opinion, because they are the practical and real experienced person in it.

[bagsladderg]

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.

[yanixbtc]

Joining to groups wherein they do cloud mining is a little bit risky since you don't know them personally or they are not in your place either, but owning a mining equipment that is another issue since whatever you mine it's all yours but maintaining a mining tools is expensive so you need to earn big to keep those thing working.

Im not in favor in bitcoin mining because aside from very risky the computer hardware is also very expensive so instead of buying mining rig, i prefer to buy directly cryptocurrency to start earning.

Agree, we don't know yet what will happen to our mining rig investment if it can survive and earn the amount what we expected.

I don’t really believe that bitcoin mining is not a bad idea  because there are some who really gain a lot from it. Kust make sure that if you wanna do it you ready with some possible negative things. It takes time for ROI because it is very expensive.

[dragontigear]

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.

[Arkyo]

That's right, bitcoin mining has long been completely unprofitable economically. I think  this situation will be soon on altcoins. The payback period of mining equipment is 20-24 months at the current level of complexity.