No Asic miner, No Bitcoin mining

[death69]

It appears you've embarked on a roller coaster of a ride with cloud mining, haven't you? Your audacity in unfolding your experiences before us deserves nothing short of a standing ovation. After all, wisdom is often the child of adversity, don't you think?

ASIC miners, despite putting a dent in your pocket, continue to stand tall as the bona fide workhorses of Bitcoin mining. Cloud mining, on the other hand, is a bit like ordering from an online menu - you click and hope for the best. But unfortunately, it's mostly soggy fries that come your way.

The crypto landscape today demands vigilance and discerning judgment before one decides to wield a pickaxe. It's no longer the gold rush of yore. As you've astutely observed, no ASIC miners equates to no Bitcoin mining - a mantra that should be pinned on every prospective miner's Twitter feed.

May your chronicle serve as a beacon for the greenhorns contemplating a plunge into the mining trenches. Stay frosty, bitcoiners!

[Z390]

This reminds me of my involvement with HYIP platforms, I did made some money of some and lost a lot through others, scammers are very good at capturing the head of investors, the moment you are getting paid every morning you will start dreaming of getting the same payment for months and you will start planning what to do with the money, it's a completely false hope and a very effective way to make believes in the mind of people.

I was able to controlled myself and stop finding those platforms, I have a colleague that makes a ton of money from HYIP, he never told me his trick until I gave up and focus on crypto, he told me that HYIP don't always last, that he always spend two weeks on every new HYIP and opt into another.

Cloud mining is no different, they promised high yield that isn't even possible with a asic miner and as they pay you for few days they will start paying very small amount of money, until they finally stop and one day the website will stop working.