"Bitcoin mining is a Big no!"

[Regdain]

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.

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[BigTeeths]

There is no such thing as "trusted cloud mining". They are all scammers in the end. It's better to put up your own rig like every smart miner does. These cloud mining services could have been also the same scammers that just keep changing their company's name after they ended their latest one.

[Barbut]

Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining,

That group of advisers will ruin you! I don`t know who can with, with health mind, recommend could mining over real bitcoin mining. It`s odd that people still fall on this, maybe cause its cheap, you can start with cloud mining easily, all you need is 10$, some minimum, and you will get even bonus hash rates on first deposit, and people you invite, and more than anything else you will get huge promises. For mining you need equipment, very expensive equipment, most of the people can`t afford that, they turn to cloud mining, and that`s a huge mistake, better buy bitcoins with that money and keep them!

[Grimjule]

investing in cloud mining is not really valuable because most of them are just scams, but I prefer trading than mining bitcoin because I think it is more profitable to trade than bitcoin mining

This is the right way. You should buy some bitcoin today and hold them for some time and when you realize that know selling is profitable then you can sell your coins. But mining is also mandatory because if there is no mining there would be no supply and if no one wants to sell hid coins where will you find coins? But it is also a fact that mining in these days are not profitable.

[Hasbro27]

in my opinion the best way to get bitcoin is to buy it in the market, mining cloud in my opinion is mostly just fraud, I think trading is one way to get more bitcoin but must be able to predict and analyze to maximize profits

[alexs_03]

I think that bitcoin is not very well mined, if it is possible to mince something else and it will and will make sense much more

[FreeOxen]

The Bitcoin is definitely mined but the resources to do the mining is enormous these days cause of all the ASICs and all the mining power needed to do so... Mining is needed to keep the network going but for sure trading is easier - but you still need new Bitcoins.

[Cliparts]

investing in cloud mining is not really valuable because most of them are just scams, but I prefer trading than mining bitcoin because I think it is more profitable to trade than bitcoin mining

This is the right way. You should buy some bitcoin today and hold them for some time and when you realize that know selling is profitable then you can sell your coins. But mining is also mandatory because if there is no mining there would be no supply and if no one wants to sell hid coins where will you find coins? But it is also a fact that mining in these days are not profitable.

Mining matters a lot indeed, because if we will mine it will make bitcoin more wide, mining has a lot of profit but it only needs patience and some money to buy the mining equipment, after it spending even small we can get high profit, using only one way of earning in crypto currency cannot get you better than investing as well as collecting money for mining because according to me mining is good too,

[btcyoda]

Right now Bitcoin mining is very difficult to mature coins with the difficulty we are facing. Even for mining, the electricity expenses are kept increasing and this makes me spend more than 3 months without bitcoin. Now there are a lot issues which power fluctuation will also cause delay to mine the bitcoins.

[BlueStackz]

Bitcoin mining is not good for everyone due to the expenses that follows; the power consumes and the rest of them. So it’s only those that are living a country where there is low cost for power supply that can do Bitcoin mining. But I heard that Cloud mining is very good and derive a decent income for those who invest in it.

I have registered on Genesis Cloud Mining, but I’d like to do some more research first before I decide to invest my money, I can’t just make decision just because of what one person told me, I prefer to get people’s opinion on whatever I’m doing, especially things like this to know when I’m doing the right and wrong.

[Ganbound]

Bitcoin mining is a big no for me too. I don't think there is any reputable cryptocurrencies mining firm nowadays. Once you deposit your investment, making profit will forever remain an issue. I will rather buy my bitcoin and HODL it till I am ready to sell it at a profitable price.

It is because mining is not easy; requirements for mining needs huge money and the earnings are too little. If the price of bitcoin fall more, miners will stop mining because there will be no profit in mining due to low bitcoin price. Why they would spend thousands of dollars and waste their time for nothing. That’s why many people now say big no to mining bitcoin.

I am also not in favor of cloud mining because you are giving the keys of your money locker to someone you don’t know. It is not good idea. I you can mine yourself then its ok but if not then buying coins is much better option for you. By this way you will be mentally relaxed and will make money in the future while holding your coins for long time.

[hahay]

Bitcoin mining is not good for everyone due to the expenses that follows; the power consumes and the rest of them. So it’s only those that are living a country where there is low cost for power supply that can do Bitcoin mining. But I heard that Cloud mining is very good and derive a decent income for those who invest in it.

I have registered on Genesis Cloud Mining, but I’d like to do some more research first before I decide to invest my money, I can’t just make decision just because of what one person told me, I prefer to get people’s opinion on whatever I’m doing, especially things like this to know when I’m doing the right and wrong.

Cloud mining is not profitable at all, I did it when I was new to bitcoin, there I invested and the results I got were very lost and my investment just disappeared even though occasionally there is bitcoin entering my bitcoin address associated with the cloud mining. The mining was very popular at the time and I also received recommendations from friends. But after a long period of time, the results were not profitable until I left them and forgot about the disappointments and losses. Cloud mining in my opinion is a scam. If you have found the best, you can share it here.

[PizzaBTC]

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?

Please can you tell me any cloud mining that is good and brings decent profit? I wanted to do cloud mining before, but my friends were saying that I shouldn’t do it cause it doesn’t really work and that they don’t pay these days. So I have been considering to go for the real mining to see how it’s going to work, but no money to start it yet. I would like a cloud mining that allows users to start investing from a low amount.

[ricardobs]

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?

Bitcoin mining is not meant for everyone, there are people it is meant for and that’s those that can afford it. If you’re not interested, there are others who are and they are gaining much from it, despite it doesn’t work for you. I haven’t done any of them, but my friend is into cloud mining and recently he complained that it’s no longer good as it used to be in the past. I’m looking forward to trying that cloud mining, it’s best to experience and know if it’s good or not.

[JustinYoko]

Cloud Mining has its own advantages and disadvantages. If your finances are limited then cloud mining is not a bad idea, because cloud mining will be less expensive and will not cost you any space. But it's hard to control your profits, because your profits depend on your company's development as well as Bitcoin's digging algorithms, and you can get scam if you don't choose the right company to mine your reputation and the biggest disadvantage is the number of Bitcoins is very few,  so it will harder to mine a coin.

[pantrymiller]

Truly to be sure bitcoin mining is enormous no in light of the fact that cloud mining itself even is unsafe than solo mining and this isn't prescribed particularly there are a lot of cloud mining trick site who just encouraging us huge benefit yet in the long run they just will stole our cash and vanish and I for one had a few times got misled by cloud mining and I could never trust again them until at whatever point.

[xlmlover]

Despite high costs, the consensus is that bitcoin mining hardware remains far more profitable than cloud mining. Perhaps the biggest benefit of cloud mining is the overall ease of use because it does not require difficult hardware installation and avoids unpredictable electricity costs. However, most in the cryptocurrency community will agree that if you cannot start hardware mining operations, it might be better to get profits through trading rather than going to the cloud mining route.

[Efiraboy]

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?

Bitcoin mining is not meant for everyone, there are people it is meant for and that’s those that can afford it. If you’re not interested, there are others who are and they are gaining much from it, despite it doesn’t work for you. I haven’t done any of them, but my friend is into cloud mining and recently he complained that it’s no longer good as it used to be in the past. I’m looking forward to trying that cloud mining, it’s best to experience and know if it’s good or not.

One of my friends told me that if the price fall more then there wills no miner in the market. You will see no more mining because the mining expenses are high and if the price reduces they will get no money, while they will have to tolerate the expenses of mining. It would be a compulsion for them to stop mining. The profit is reducing with every passing day.

[MackLewis]

The obvious advantage of the cloud mining is that you do not have to worry about expenses for equipment or electricity.
Cons: Contracts can be terminated unilaterally depending on the bitcoin price, lower margins, and hard to control.
There are many types of cloud mining, but the most common way is to rent hash power. Risks and rewards, This digging method may be effective in the first few months, but bitcoin mining is a tough one, and you may start to lose money for 4-6 months or longer. One possible remedy for this situation is to reinvest what you have done to maintain the ratio competitively, but this is highly speculative.

[Bastillsoul]

with me, Bitcoin mining is not good for everyone.because most of the cloud mining models are fraudulent so my advice is you don't do bitcoin cloud mining.