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Author Topic: Overview of my visit here - Irony {Opinion piece}  (Read 577 times)
Kprawn
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June 08, 2014, 07:31:45 AM
 #1

Ok..

I started browsing around this forum, trying to find a way, to generate some coins, a while ago. This is my findings so far:

1. Most people says... No No No... Do not go into Bitcoin mining. {It's not profitable, and too difficult}
2. More people encourage you, to go into Alt mining. {Easier GPU without huge investment into ASIC warehouse}
3. Most people shoot down "Faucet" income.
4. Lots of people says "Cloud mining" is either a Ponzi or not profitable.
5. Loads of people encourage signature programs.
6. Even more people encourage "trading" {Service or goods}
7. Some people says trading currencies, are way to difficult.

So in summary, do not mine Bitcoins, we want it for ourselves, rather mine Alt coins, they need a push. Faucets are a waste of time, because we want to tap it empty and stay away from cloud mining, you just going to buy up all the available hash power. Join the signature programs, and spread the word, we need the exposure. Stay away from the exchange, you just gonna buy all our Bitcoins.Trade in goods, we need some transactional income, while we hoard our coins, until the $10 000 rate, when we will all cash in, and live happily on our bounty.  Smiley Grin Wink Roll Eyes {This section is just joking around a bit, so chill out}

Seriously, what is profitable, legit, and worth my time?


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1511035665
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Yuki1988
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June 08, 2014, 07:51:11 AM
 #2

Not sure if I am one of the person giving you those advices, but I do share the same opinions.

If you are worried about people lying to you about profits in mining, faucets, cloud mining, etc, why don't you do the math yourself?







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June 08, 2014, 08:01:37 AM
 #3

Ok..

I started browsing around this forum, trying to find a way, to generate some coins, a while ago. This is my findings so far:

1. Most people says... No No No... Do not go into Bitcoin mining. {It's not profitable, and too difficult}
2. More people encourage you, to go into Alt mining. {Easier GPU without huge investment into ASIC warehouse}
3. Most people shoot down "Faucet" income.
4. Lots of people says "Cloud mining" is either a Ponzi or not profitable.
5. Loads of people encourage signature programs.
6. Even more people encourage "trading" {Service or goods}
7. Some people says trading currencies, are way to difficult.

So in summary, do not mine Bitcoins, we want it for ourselves, rather mine Alt coins, they need a push. Faucets are a waste of time, because we want to tap it empty and stay away from cloud mining, you just going to buy up all the available hash power. Join the signature programs, and spread the word, we need the exposure. Stay away from the exchange, you just gonna buy all our Bitcoins.Trade in goods, we need some transactional income, while we hoard our coins, until the $10 000 rate, when we will all cash in, and live happily on our bounty.  Smiley Grin Wink Roll Eyes {This section is just joking around a bit, so chill out}

Seriously, what is profitable, legit, and worth my time?

1)Profitibility is different for everyone on mining.  Depending on electricity as a big factor. There is ofcourse hosted mining.  There is profit to be made just do your own ROI math, using tools out there.
2) I highly suggest doing math.  Personally I think GPU days are of the past but some do mine them.  Asic is the future
3)They do work just dont expect to get rich.  You would be better off working a job with that time and buying coins
4) With any mining do you own math.  With this make sure to check companies reputation.
5) It is a good way for companies to advertise.  But they will want quality post's.  Again check reputation of campaign
6) Ok?
7) I don't think it's difficult its more like stock market they go up and down.  If you are informed your chances of making profit are better then blindly picking a few coins.  You could always just invest in pure bitcoins and hold.

On what is profitable and worth your time you will have to do math Smiley.   Also have timetables on when you want to ROI and go for that.  If it does not meet your ROI requirements find something else.
Kprawn
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June 08, 2014, 08:06:08 AM
 #4

No very much enjoying the comments. Some of the people on here, are very good entrepreneurs and very intelligent.

The research is part of the fun, in doing this. The people with hidden agendas, get picked out quickly.

Just take everything you read, with a bit of salt, and use clear thinking. {If it's to good to believe, there will be a catch}

Thanks to all the members, who answer honestly, and share their valuable time, to help people like myself.

It's a fun and exciting RIDE.  

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Yuki1988
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June 08, 2014, 08:11:15 AM
 #5

The people with hidden agendas, get picked out quickly.

Hope you are not talking about me lol.

To be honest, most of the info in the bitcoin world is public and readily available.
You can get the current and historical mining difficulty easily, and can make estimation of mining revenue easily.
The same goes with faucet payments and sig programs, and you can calculate the hourly, daily, monthly revenue easily.

Kprawn
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June 08, 2014, 08:26:58 AM
 #6

The people with hidden agendas, get picked out quickly.

Hope you are not talking about me lol.


Nope talking in general.  Smiley Lots of scammers lurking.

I have been looking and doing research on crypto currencies for a very long time, but only recently stumbled onto this forum.

I actually wanted to get my son into this, because he is currently unemployed, but I am spending a lot more time, doing the research.

As I said, I am enjoying it, and the forum is responsive and in general less hostile, than other forums, I visited.  Grin

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