What is the most cheapest bitcoin miner in the Philippines?

Hey guys, I am new to bitcoin, And i want to cloud mine even though most people say that mining is not viable, but i really want to mine.

If you have any suggestions for cheap miners,please reply or PM me.

For Cloud Mining, you can ask in Marketplace Board or Services Sub Board.

For Hardware Mining

(Bitcoin Only)
You can ask in Mining (Bitcoin) and read this first : BITCOIN MINING INTRO & RULES OF THIS SUBFORUM - READ BEFORE POSTING

(Altcoin Only)
You can ask in Mining (Altcoins) and read all of the pinned threads first.

Quote from: nanabana on January 20, 2020, 04:29:30 PM

Cloud mining? I wont suggest yet you would just simply waste up your time but if you insist try Genesis or Hashflare.

Actual physical mining? Basing on Philippines electricity cost then it would be hardly to reach ROI but if you also insist then you can try
to purchase antminers but these things arent cheap even on secondhand ones.

Quote from: milewilda on January 20, 2020, 04:46:23 PM

Quote from: nanabana on January 20, 2020, 04:29:30 PM

If you will gonna ask me. Here in the philippines mining is not really applicable today most especially because of the tax inflation here in our country. I am once a miner but when my electric bill risen. I stopped mining because the money that I am earning from mining serves only for paying electric bills and internet thats why I lost my interest in mining. I prefer posting right now rather than mining.

Quote from: nanabana on January 20, 2020, 04:29:30 PM

Cloud mining is now not viable as for me. Are you sure you want to try it? If we are talking about physical mining it is very expensive, I’m sure that you are unlikely getting the desired result.

Most of the cloud mining sites are scam be careful there are many of them spreading on any social media.

If you are living in the country with high Electricity rate mining is not the best for you to invest but if your Electricity rates are below 0.10 cent or lower you can make a profit but the ROI will take years before you can reach the ROI.

If you are looking for cheap to start mining go for GPU mining where you can build your own rig but I don't know if there are ASIC miner sellers on the Philippines. If ever you can find some ASIC sellers ask for the model and specs of the miner and use some tools to calculate how you can make a profit with that ASIC miner.

You can use these tools to calculate profit and Electricity costs.

- https://whattomine.com/
- https://www.mycryptobuddy.com/
- https://www.coincalculators.io/

You can use this for GPU/ASIC mining to find which coins are profitable and how much will be your Electricity cost just put the exact electricity rate in watt.

Then decide if you still want to mine in your country or not.

Just forget about cloud mining - it's old big scam scheme. 99.9% of cloud mining websites are just ponzi schemes, which aren't mining any coins at all, they don't even have mining hardware. They just use monry from new investors to pay for old investors and at one point they just make exit scam with all investors money.
And your question is strange a bit, because you're looking for cheap miners. But there simply no such thing. If you're going to invest into cloud mining scams, their cheapest plans gives smallest returns and you're not likely to reach ROI before it will turn into scam.
There are probably few legit cloud mining platforms, it's just not profitable and there is better ways how to spend your money.
And if you're looking to buy mining hardware to mine yourself, you're way to late to this train. And after all, mining isn't good choice for newbie with zero knowledge.

Try to connect with this guy in our local board. I'm not sure if his attempt was successful before but he can probably share some tips. Best of luck.

Avoid cloud mining, please.

Much better if you will have a test run with GPU mining with altcoins.

Quote from: nanabana on January 20, 2020, 04:29:30 PM

I don't recommend cloud mining anymore why not widen your option I recommend one of the hottest topics today on mining, IDENA
ThIS is the first Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop.
You can easily join mining of the first human-centric cryptocurrency at idena.io and share your opinion.
This is going to be huge so why not join the party this early.
https://bitcointalk.org/index.php?topic=5194871.0

thanks for all your opinions guys!, Your opinions will certainly help me do the right choices!

Mining is insane now. It has been for awhile but I looked the other day at a calculator site and was looking at s9 miners which are staple for miners for a long time. I saw the income was either 20 cents per miner or per TH . It is so low you can make more picking up pennies. Then I added the electricity cost and it was in the minus. So you just lose money. You need a massive group to buy miners together with other people to make it worth it. Then run them where you can get cheap electricity. You will need tens of thousands of $$ if not more.