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December 29, 2013, 04:00:24 AM |
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I have been on here reading suggestions about mining bitcoins and cloud mining. I used to be a currency trader and bitcoin is no different. It is simply "currency trading". To make it real simple, if you didnt get in Bitcoin mining in the early stages then dont try mining whether you do it individually, in pools, or cloud mining. Such sites as CEX.io and others will just cause you to lose your money because the difficulty rating is inceasing at an increasing rate at this stage of the game and the GH/s prices are increasing at an increasing rate too. You will loose your money.....period.
If you want to make money on Bitcoin now, the do this: buy it and trade it. Better then that, buy some alt coins like Litecoin and Peer Coin and trade the alt coins just like currency traders do each day. Dont mess with mining at all!
Thats my tip to you. Feel free to contact me by putting "lasercart" in your subject if you post
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