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Bitcoin Forum > Bitcoin > Mining > i have 400$, i cannot buy a good miner, is cloud mining a good idea in this case
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jayoh
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April 04, 2022, 11:05:09 AM
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 #41
It's been said a few times above, just buy what Bitcoin you can with your funds. Mining is like committing long term to bitcoin with initial upfront and ongoing costs... the deliverables ultimately being bitcoin.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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April 05, 2022, 05:02:50 PM
 #42
To me must of this cloud mining site are scam. So the best thing to do is to buy Bitcoin with your money. Because even legit cloud mining site wouldn't give you a good profit and sometimes hard before you get back your money. Is better to avoid being scam by cloud mining site especially, the free mining site. The better way is just to buy you equipment instead, because cloud mining is never a good idea.
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