Is it actually possible to join a site that offers mining crypto currencies of any kind and successfully or in fact actually mine coins for free. I have seen and joined several sites that claim an individual can do this. It looks like I could be mining, shows generated coins, in most cases. But the "cash out" threshold is generally set so high that most would give up or forget about it in a short period of time. Is it really worth the time spent ?
theoretically it is possible but realistically it will never happen in the real world simply because if a business (a mining farm in this case) wanted to get investors they would look for big ones not small fishes investing small amounts. that is a lot of hassle.
so the only case you will see in reality is Ponzi schemes.
Personally I have been and am part of several different platforms or sites and even phone apps that claim you can "earn" coins playing games, mining and even gambling. Is there actual fact to any of this? I do not know of anyone who has successfully gone this route and cashed out anything at all, let alone anything worth while or dare I say even lucrative.
if people could earn money by playing games and gambling then everyone would have been rich now instead of us seeing lots of broke and homeless gamblers who ruined their lives. these "games" are made to take your money away not give you anything. where would the money come from if they were going to pay everyone?
From my own count on what I may have, or may not have generated in the last 3 months from 3 main sources is about $2.50. That is not including coins I gambled trying to up my intake, which probably totals closer to $25.00, and also lost or misplaced mini campaigns with extremely high cash out thresholds that another probable $25.00 would be either floating around in limbo, or in the app or platform creators wallet.
be very careful, this sounds to me like you are on the verge of becoming a gambling addict and that will not end well for you. you have already lost money and then lost more trying to fix that, so you should already know how things work in that industry.
If it is possible to mine from home, without an actual Mining hardware, software, etc, Are these little mini mining coo's legit, or are they profiting from all the "suckers" like myself, who think we are mining coins but in reality we are not doing anything but generating cash for them somehow.?
can you fly without a plane? or can you start your car without putting gas in it?
that's the same with mining, to mine you need equipment. for bitcoin it is ASICs and for altcoins it is a decent GPU. and you need to run your hardware for long times and run special codes to do that. it won't be like you could visit a site and click a button to make millions!
I will say this much, If Dogecoin, Litecoin, and Dashcoin ever get to a value of $10,000.00 / coin. Bet your butt I'm a happy camper cashing out some, reinvesting some, and laughing at a lot of my peeps.
i used to think that way too but eventually i realized that these coins will never get anywhere close to that price. and in the end it is a matter of how much your time is worth.
for example if today you worked 10 hours on these faucets and all the other wastes of time and earned $1 that means you were earning $0.1 per hour!!! doing literary anything else could give you better payment. for example if you flip burgers at McDonald's you can earn $10.66 per hour which is 106 times more money!
