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May 01, 2023, 10:38:19 AM |
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You need equipment, electricity and some decent skills that are unrelated to what you learn in school in order to become a Bitcoin miner. It was cheap to mine 1 Bitcoin back in the day when 1 CPU was equal to 1 vote, but Bitcoin was worthless back then too. Now Bitcoin is worth something and of course, mining costs a decent amount of money too.
There are enough jobs that require little mental and or physical effort. They are still jobs though. Mining Bitcoin is not as easy as it seems.
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ultrloa
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May 01, 2023, 10:43:45 AM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
That dream could lead you at risk of danger or anything harmful since dreaming to earn money without lifting a finger or put any effort on it is really close to impossible. If you think miner could make that happen well you also need to consider many things since in some places mining bitcoin is not profitable to them due to high electricity cost and other maintenance expenses. Live on realistic life and search for better paying jobs so that you can live a comfortable life if you really want this to happen.
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mejarm
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May 01, 2023, 10:56:39 AM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
We are talking about thousands of dollars here, so you do need to work and make money before you can be able to buy a Bitcoin miner. Nothing comes for free in this life, so why do you sit your ass down doing nothing? Bitcoin miners are very expensive and not for someone who makes too little money. Your ass will always be filthy in the same spot. Until the day you make the decision to alter your lifestyle.
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CarnagexD
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May 01, 2023, 11:44:10 AM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
All people are talking about passive income and passive income. Focusing too much on the money. Why people just focus first on active income and add value to other people. It just pisses me off. The only time you should focusing on passive income is when you no have enough time to make money, that is. First of all, we don't make money. Only the central bank make money and most of the world's wealth is debt. How ironic is it? We don't make money, we take money rom other people by doing business or transactions. Like how we trade crypto, from every wins, we know that in the other side, someone have to lose their money. It's insane but it is the truth. Please don't make money your end goal. Have a skill which will make you give a contribution to the real world.
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kro55
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May 01, 2023, 11:50:47 AM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
That dream could lead you at risk of danger or anything harmful since dreaming to earn money without lifting a finger or put any effort on it is really close to impossible. If you think miner could make that happen well you also need to consider many things since in some places mining bitcoin is not profitable to them due to high electricity cost and other maintenance expenses. Live on realistic life and search for better paying jobs so that you can live a comfortable life if you really want this to happen. What OP said is not wrong, it is not OP's own dream, but it is what I see young people today looking for. They want to find a job that doesn't require work but still brings in income. That's a really alarming thing and will not only harm them but also our entire society. Today, scam projects are born in series for this reason, they hit the psychology of young investors, who do not want to do but still have high profits. As for bitcoin mining, I have also met some people who think it is very simple and will only invest once and reap profits forever. But then they realized that things are not as simple as they thought, many people have had to sell mining machines at a loss because of electricity prices, volatile markets...
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xSkylarx
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May 01, 2023, 11:56:57 AM |
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It is really a passive income, but not all can do this. The truth is that anyone can earn passively anywhere with just those mining rigs and the internet, because most of us only know that the passive income we could get is from our businesses. If our businesses are going well, it means that we are only managing them, and even if we are asleep, we can still generate money. But again, if we are talking about profit on it, it is not that good, but it still serves the purpose of earning passively. On the other hand, like investing in it, it is also great as we can earn huge amounts just by holding it.
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kryptqnick
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May 01, 2023, 12:45:55 PM |
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This isn't that simple. Bitcoin miner machine costs money, a place where you're storing it also costs money (unless you already own property where it can be done), electricity from its work costs money, and you may need to buy additional cooling equipment and/or at least loosely monitor your mining activities. So it may not involve as much work, but it involves spending money, and you need to work on planning it all right, ensuring that you'll get your mining operations to a profitable level, possible file your tax reports, manage situations (if something breaks or malfunctions, neighbors complain about the noise etc.).
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Litzki1990
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May 01, 2023, 01:03:36 PM |
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People's thoughts are always different. Our mind always thinks how to earn more money with less work. And some people want to earn money without any effort, basically it is human nature. Because people will never choose the hard option over the easy option. When people have no second option, people choose relatively more laborious work. Earning from mining is less hard work for people but mining is not that easy. Mining also requires us to work hard. Various equipment mining setups require physical and mental effort to do these things. Basically money cannot be earned without hard work. It is natural that you have to work hard to earn money.
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justdimin
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May 01, 2023, 01:38:21 PM |
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So you think you can just earn by mining without doing anything at all? The humanity which believes in doing nothing and getting paid for it have nothing in their hand as you can't get anything for free here.The mining you are talking about needs ASIC investment and then electricity cost and much more but still there's no guarantee you will earn rewards for it and they are working for it.So you need to understand these things before making such statements and comparing it with bitcoin which has lot to do and solve financial problems.
I really detest that type of thinking as well. It shouldn't be possible to make money without doing anything, that shouldn't even be possible if you ask me. There are some rich people who do that for sure, there are some rich people who made so much money that they just buy some stocks and retire and they live off that without an issue. But even that shouldn't be possible, people should be either spending time or money or something in order to make money. If you just sit on your chair and watch movies all day and still making money, then it means there is something wrong with that economy. I personally believe that even if it's a small work, or a small amount of money, if you profited, you should have done something for it without a doubt.
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BIT-BENDER
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May 01, 2023, 01:51:30 PM |
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Can you mine a Bitcoin for free?
Technically, mining the Bitcoin can be done for free, as the software has no cost associated with it. However, there are huge costs involved with the hardware and electricity expenses.
Mining equipment requires a lot of power, and it could cost as much as 73,000 dollars to process a Bitcoin, depending on the electricity costs in one's area.
It is possible to join a mining pool to harness to computational power of hardware owned by several miners, but then each miner only receives a portion of the mined Bitcoin. https://amp.marca.com/en/lifestyle/2022/01/09/61dae6bce2704e17408b45db.htmlThis is just an average estimate it could really be higher, the expenses that miners has to meet up with so that they can remain in the competition is high. Dreams and reality are two separate things, as a human you have to work for what you earn, the mining industry is not a bed of roses, you actually have to have good capital before you can survive. Those who earn/make money now with minimum effort has putting in the work sometime in their existence, you can’t skip that WORK process.
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Mauser
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May 01, 2023, 02:09:22 PM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
Sorry but this concept is not going. If everybody only wants money without working for it than the economy is going to collapse. Let's say that only the people who really love their job will continue working and everybody else quits, hoping that crypto currencies and the government assistance programs will take of everything. Than we would all be in big trouble. A country can't function without money. Who would stand up in the middle to bake your bread, collect trash from the streets or cleans toilets. There are so many jobs that if we would money for free nobody would be doing it anymore. Also what me and making money for you? 5% per year? Or 100? It still comes down to how much capital you already own. Starting from 0 is very hard.
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Mpamaegbu
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May 01, 2023, 02:31:24 PM |
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Humanity's work is usually to get riches first, so money can start working for them.
I bet you there are a lot of people who've made this money but still slave for it. They're rich but still grind in the treadmill on a daily without taking a chill to enjoy what they've worked for. Under sun or rain they're out there trying to earn more. These ones are unknowingly working for their next of kin or whoever that will eventually have access to their wealth. That's to say not all who struggle to make money find enough time to enjoy it before passing on.
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imamusma
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May 01, 2023, 02:59:24 PM |
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the bitcoin miner can give u money without work bitcoin What bitcoin miners and other PoW altcoin miners do is literary called "work". There is no money earned without work anywhere including in the cryptocurrency world. Of course your definition of "work" may be flawed if you think work is only something you physically perform with your hands or a shovel! I honestly wonder why the OP was so naive not to know what work meant, and of course it's kind of ridiculous to say that only physical activity counts as work while others like mining are not considered work. In this world there are many sources of income that do not really need physical activity, but they need a budged with which to make profit. Trading, mining and investing are some examples, but without working "even with the mind" returns cannot be expected either.
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qwertyup23
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May 01, 2023, 03:12:00 PM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
If it were that easy, then everyone would be doing it right now. Remember that there are no easy ways of earning money- everything involves a set of sacrifices and equivalent to the point that you invest something. Bitcoin mining is a difficult and complex process to follow given its nature. The problem is, you must have the set of equipments in order for you to pursue it. In addition, a constant flow of heavy consumption of electricity is used in the process. To conclude, remember that there is no easy way of earning money. If if were that easy, then everyone would be rich now.
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AnonBitCoiner
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May 01, 2023, 06:06:47 PM |
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First of all how do you want to earn money from Bitcoin? If you say invest then I think. Only those who have wealth left by their ancestors can invest without working. Now what do those who do not have the resources to invest in Bitcoin? They have to earn money by working first and then invest. In addition to investing in Bitcoin, it is important to work. investing in bitcoins is not only profitable but also has the possibility of losses. What do you do when you lose investment? Then you have to sit on the way. So you have to invest in bitcoins in addition to working. yes it's true that those who have money from their parents have lots of opportunities because their base are strong but those who are not wealthy have to earn by their own hard work. I think that bitcoin is possible for investment only when you work for it and i think without work you cannot achieve anything. Success can be possible when you plan for something and then work hard for the achievement of this task or plan but if we don't work for earning and sit calm waiting and then think that money will come easily without work so it will be our big mistake. It is important to work Continuously then if we earn some money then put it into bitcoin so in this way you will just keep calm for bitcoin to increase in worth and get benefit from it.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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hannahB4
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May 01, 2023, 06:50:22 PM |
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For someone not to work and last for a year will only come to be if two of your generation are rich, you can't be poor and think that you won't work and there is one adage in my language that says any money realized without work cannot last. for me little work and plenty of money.
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CryptoHeadlineNews
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May 01, 2023, 07:25:32 PM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
Who told you it was humanity's dream to make money without working? And who told you Bitcoin miners make money without working? Because for the fact that these miners bought these expensive Bitcoin mining equipments, set it up and monitored it, making sure it runs 27hrs, 7days a week non stop so as the make sure our transactions are confirmed on the blockchain, that is work already, and likewise stuff such as trading, buying, selling & investing in BTC can also be classified as work also, but in a different dimension. So please note that Bitcoin was created to over us financial freedom and not to encourage laziness.
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blockman
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May 01, 2023, 10:57:53 PM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
Do you mean the ASIC miners? Do you think that does who have purchased them to mine Bitcoin got it for free? The money that they'll use to pay for those for free? Don't ignore these people's hard work just to attain the money that they've paid for these miners. They're not all for free and it was a product of their sweat, hard work, smart work, sacrifices, and other things. It's an investment and that's been paying them off and people think that they're just earning money for free without knowing how it all started. If it was easy to have this equipment then everyone should have been a miner by now but it's not the case. We all want to work without working but let's face the reality that those who are at the top of their living have to work hard first before they've reached to that point of life that they've got multiple sources of income and earning passively like through mining.
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Lillominato89
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May 02, 2023, 04:31:42 AM |
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It was humanity's dream to make a money without working ,the bitcoin miner can give u money without work bitcoin, and all other digital currencies have achieved this dream as well.
I think the one you mentioned is not the most suitable description, it is true that man tends to want to be rich without making an effort, but bitcoin was not born for this reason, it can generate wealth but requires initial investment and knowledge, but a miner only can not make you rich, maybe he could do it in 2008 but no longer now, man seeks wealth and wants it immediately but at present it is impossible
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Kakmakr
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May 02, 2023, 05:35:10 AM |
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You are referring to "Passive income" .....and mining for Crypto currencies are definitely not passive income. There are a lot of work and effort that goes into the configuration and maintenance of mining rigs and also the cooling of these rigs. You have to be on 24hour standby to handle any problems that might happen with those mining rigs and then you have to deal with mining pools and the conversion of the tokens to fiat for utility payments. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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