Is Bitcoin Mining Worth The Risk
Should We Risk Mining Bitcoin?
You Be The Judge...
About a few weeks ago I wanted to spend my money investing into bitcoin mining only before using steemit but something told me not to. Not too long ago I was doing some research about bitcoin mining and was not to please about the whole thing. Lets see...You have enough hashpower that is above 1 Ehz, Do You Know How Much Is That?! I'm like omg where in hell I am going to get something like that? I do mechanical work but the least I can think about is taking a transformer from a microwave along with its processing slot and use that as a miner and hope it works and does not blow me up into bits; Okay I am getting to 'deep' there but seriously where in hell I am going to get something like that from? Using like a Tribune of Gpus or Cpu processor is very impossible, not only you have to worry about those devices being overheated after overclocking but you have to worry about the cost of your electricity that you generate each day while mining with that type of hashpower, and the devices malfunctioning and stop working, That will really be a waste of money and hard work.
As far as cloud mining goes, I really find it not that bad. There is a problem though, I do not know which cloud mining service to trust. There are a couple of cloud mining schemes that I am trying not to waste my money on. I need a service that I can trust and not to get 'buried beneth the pits of hell', its facts people and I know this had happen too many bitcoin investors. Anyway the least I can do is change my ip address and use Eobot Cloud Mining due the fact that they do not serve NYC residents, so I am going to have to make some changes on that or hit the vpn instead. So that will be all for now, if anyone feel that you want to support me on this then just follow me and check out some of my other post @jonasthomas
Gpu mining is easy especially with one click miners like nicehash and others. You can literally buy a gtx1050ti and after a year it will have paid itself off and you sell the gpu for more money.
Use hashflare cloud mining it's legit company and accepts credit card
They also have a physical addresa and i am with since a while and getting paid
They also have a group on telegram which has about 900 members who some of them investing tens of thousands and very happy with them
https://hashflare.io/r/FE6BF2C9-1C0B9034
And hashcoins (hashflare is just part of it) will open polybius bank next year, the first crypto bank in Europe
Of course it is, it always is. You invest to mine bitcoin, which gives you even more Bitcoin. These are something you should wait for long term. Long term investments pretty much. Get a farm, start mining cash easily a few months later. Also with Bitcoin price increasing, it's a lot easier to get your ROI shortly than ever before.
Please vote for me .. Thank you
Will you risk your investment by changing the ip? I shouldn't do that... i have a lot invested into cloud mining and I can say out there are a lot of scammers promising the moon but there are some cloud mining webs that are good investments. Hashflare more than genesis mining. Mining at home has no risk as if one day is not profitable anymore you always can sell the equipment... cloud mining needs 7 8 months a year to get the investment back and it depends a lot of what strategy you will choose... if you want to invest into hashflare this is my referral link https://hashflare.io/r/426933E4 Or in genesis mining ISD2Lv Feel free to use them and get discount on buying hashpower. If you have doubts just ask me, I'll be glad to help
Here is exactly where you should mention your referral code dear
in cloud mining there 4 good company (genesis, hashing24, hashflare and oxbtc)
but right now there one company that put everyone to sleep and its Bitconnect
https://bitconnect.co/?ref=andy514
for the average person its better to mine alt coins and then change to btc or use a program like nicehash which mines alt coins and pays you in btc
Why's that?
Because it could be done with GBP processors cheaper than BTC
yes this is important since some coins like Zcash need 20kH/s and you can have some profit with CPU and GPU. I am new to mining and I am learning a lot.
I'm currently using Genesis Mining, Hashflare and Eobot.
https://www.genesis-mining.com
Refferal Code- vPkSpH
https://hashflare.io/r/18BBB98A
Are you still making money using their mining services?
I read a lot of articles, they are saying buying is a lot practical to own a coins.
What do you think?
Follow me @Yehey
Thank you
Good post. I would like to hear more on update. thanks
I have been using hashflare from 2016 and they have been paying me ever since so i recommend joining their service hashflare.io/r/7A4214AD
Bitcoin market is saturated. Buy bitcoins is better then mining them ;)
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