noob in bitcoin

[s1ng]

Forget about cloud mining or other investment type.
They paid for now, and will end SCAM ( ever got scammed about BTC 0.05   )

Try joining signature campaign

or if you have any skill like design logo using photoshop etc, you will be hire by someone with quite high payrate

[kpitti]

Good start with posting your questions here.

I started year ago and in that time only option was to mine with own HW or CEX.io

I decided to set up own small mining farm. Learn a lot from bitcointalk etc... . I start with one small rig, then purchased some ASICs from Bitmain. Calculate with difficulty and cost. When difficulty inceased I upgrade my ASICs and sold the old one, not for big profit, but I was happy. At the June/July a number of cloud services grown up and you can see advertisment everywhere. I try some of them:

CEX.io - they are good, but you need to think about the fees there as they will keep you down when you purchase small amount of GHs.
Then I try Genesis-Mining - first month was ok promising revenue, one year contract I pay for it seems to be great opportunity to purchase. But after second month income from the contract went down and now it seems that I will lost 40% of my money I invest to it.

My personal experience ... stay away of cloud hash. You can try to get some HW and learn a lot from using it. You can participate on group buying to keep cost low. But be carefull to pay for used HW as you need to check what GHs are you buying for what money.

[Gianluca95]

Why do you want to invest in cloud mining website? Do you know that a good part of cloud mining company are only scam?

Anyway, if you want to earn a good quantity of bitcoin try to sign in a signature campaign which is present in "Services" section !

[LOBSTER]

Why do you want to invest in cloud mining website? Do you know that a good part of cloud mining company are only scam?

Anyway, if you want to earn a good quantity of bitcoin try to sign in a signature campaign which is present in "Services" section !

Cloud mining is truly a scam. PBMining and now LTCGear.

Back to the topic: Make good posts and increase your activity. If you are Member / Full Member join a signature campaign and make 100-200 posts per month to earn about .1-.2BTC / month

[notlist3d]

Why do you want to invest in cloud mining website? Do you know that a good part of cloud mining company are only scam?

Anyway, if you want to earn a good quantity of bitcoin try to sign in a signature campaign which is present in "Services" section !

I think the reason a lot do it is they get you a miner for what ever price you want.   Most miners you will spend 500+ or so for one that is current gen (SP20, S5, etc).  On this I think some see a way to mine with much littler spent.

I do agree it will be interesting one day to see which cloud companies just go away with the BTC paid to them.

[inigthz]

Trading. 

I make $10 each days from trading.

But, yeah.. trading sometimes like ponzi nowadays. Too many fucking person creating altcoin.

But, with lucky. You can take opportunity around whale.

[LOBSTER]

Trading. 

I make $10 each days from trading.

But, yeah.. trading sometimes like ponzi nowadays. Too many fucking person creating altcoin.

But, with lucky. You can take opportunity around whale.

Yeah, but with what a amount are you trading? For trading you need a good amount to fulfill orders etc. - Also trading is risky and newbies get instantly burned from the god of the Bitcoin markets It's really hard for the beginning.

[inigthz]

Trading. 

I make $10 each days from trading.

But, yeah.. trading sometimes like ponzi nowadays. Too many fucking person creating altcoin.

But, with lucky. You can take opportunity around whale.

Yeah, but with what a amount are you trading? For trading you need a good amount to fulfill orders etc. - Also trading is risky and newbies get instantly burned from the god of the Bitcoin markets It's really hard for the beginning.

0.1 btc.

[ScreamnShout]

Make sure you get the Bitcoin QT wallet and make sure its encrypted and you backup the private key.

[dacueba]

Trading. 

I make $10 each days from trading.

But, yeah.. trading sometimes like ponzi nowadays. Too many fucking person creating altcoin.

But, with lucky. You can take opportunity around whale.

Yeah, but with what a amount are you trading? For trading you need a good amount to fulfill orders etc. - Also trading is risky and newbies get instantly burned from the god of the Bitcoin markets It's really hard for the beginning.

0.1 btc.

You can trade 0.1, but don't expect high returns, even if you are good.

But still better than faucets

[ranochigo]

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.


-store your hard earned BTC in a hardware wallet   :

https://bitcointalk.org/index.php?topic=899253.0



start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But  Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

Blockchain is pretty safe, they cant steal your balance since they do not have the private keys to spend it. If they get hacked, you would most probably not be affected as your private keys are encrypted on their server. Blockchain and coinbase can get hacked as you need your computer to broadcast or initiate transactions. Hardware wallets are either offline or designed to be protected from computer viruses.

[RJX]

Altcoins are easier to come by but as stated: 99% are scams. They do generate some BTC if you do some research. Don't give anyone your money to invest for you, you're in Cryptoland now: stay safe

1 solid is suprnova's mining pools: get your feet wet there

[jacktheking]

I would say posting on this forums. When you rank up, join a signature campaign. I been entering Captcha for two years and only earned 1 USD (I agree.. it is frightening!).. Joined a Signature campaign and I earn 1 USD within 1 week.. . I regret wasting two years entering captcha.. ..

[Mobius7]

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.


-store your hard earned BTC in a hardware wallet  :

https://bitcointalk.org/index.php?topic=899253.0



start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But  Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

Blockchain is pretty safe, they cant steal your balance since they do not have the private keys to spend it. If they get hacked, you would most probably not be affected as your private keys are encrypted on their server. Blockchain and coinbase can get hacked as you need your computer to broadcast or initiate transactions. Hardware wallets are either offline or designed to be protected from computer viruses.

Though your private keys are kept on the client side, there was a bug on blockchain.info causing users to sign their transactions with the same r values over and over again. As a result, the private keys are leaked.

[Mobius7]

If you have some particular skills like coding or graphic design or translating, you can sell your service for bitcoin.
Or you can join a signature campaign to get a little bitcoin from making posts.

[Gianluca95]

Why do you want to invest in cloud mining website? Do you know that a good part of cloud mining company are only scam?

Anyway, if you want to earn a good quantity of bitcoin try to sign in a signature campaign which is present in "Services" section !

Cloud mining is truly a scam. PBMining and now LTCGear.

Back to the topic: Make good posts and increase your activity. If you are Member / Full Member join a signature campaign and make 100-200 posts per month to earn about .1-.2BTC / month

You and me told the same thing. It's absolutely a not good idea to invest in cloud mining website. I think that the only which is real is CEX.io, but it isn't convenient to invest in it, ROI is very very low.

[ranochigo]

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.


-store your hard earned BTC in a hardware wallet  :

https://bitcointalk.org/index.php?topic=899253.0



start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But  Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

Blockchain is pretty safe, they cant steal your balance since they do not have the private keys to spend it. If they get hacked, you would most probably not be affected as your private keys are encrypted on their server. Blockchain and coinbase can get hacked as you need your computer to broadcast or initiate transactions. Hardware wallets are either offline or designed to be protected from computer viruses.

Though your private keys are kept on the client side, there was a bug on blockchain.info causing users to sign their transactions with the same r values over and over again. As a result, the private keys are leaked.

AFAIK, private key are not kept client side , they are stored on the server, encrypted. And I believe some users did not send Bitcoins from their address and still got their BTC stolen. Reports said that the RNG was mistakenly altered during a scheduled update. The best way to store large amount of coins is offline storage. For desktop wallets, hive, multibit, electrum are all good choices for average users. For online wallets, blockchain.info would still be a good choice as this could have happened to any online wallet service.

[BitcoinFreak12]

If you are interested in making 10% comissions on every sale you promote, then PM me !  

You can earn up to 0.001 BTC easily, stop wasting your time with faucets !

(ps: that 0.001 BTC can easily be much more in the future, if i`ll sell more expensive products later)

[LiteCoinGuy]

the best advise is to learn about BTC and dont think that you get rich quick.

[princesocapuyo]

Hi. The thing is, faucets are just for starting to earn VERY FEW bitcoins. Unless you can spend all day on the computer you won't earn much at all.

The best thing you could do is join a signature campaign if you're gonna spend a lot of time in the forum.
One of the best ways to earn btc is this: http://www.reddit.com/r/Jobs4bitcoins you do jobs for people. You gotta be careful about scam though, as always.

Most cloud mining companies are scam as everyone told you already. And even if you find one that isn't scam it won't generate that much profit unless you spend a lot on them. Altcoins are very risky, most are scams and if you find a legit one you never know if it's gonna succeed. Gambling basically.

Bitcoin won't get you rich so easily, unless the price drastically changes from one day to another. Do your research, that's the best thing you can do.