Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BlockSavvy on March 31, 2025, 12:18:01 PM
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner.
Mining isn't as Rosy as it sounds. What you see on most articles and write ups online about mining are mostly the highlighted and good parts. Besides this there are other crazy costs that comes with it from ware buying to maintenance and the most dreaded being electricity cost.
If you even intend to build your own source of electricity like solar or wind as the case may be, it will still cost alot coupled with maintenance costs that comes with it.
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For anyone that is interested in mining, I think it's better the person owns their own mine, run it one their own and know how much they are getting. Although the cost if setting up a mining rig is quite expensive but for the second option on having or joining a shared mining business, it's wise to do such partnership with people that you trust so well and people whom you can meet with face to face. The reason why I said so is because there are some websites or videos online where you will see some foreigners asking you to invest a certain amount into their mining companies and that they would pay you a certain ROI every month or per annum. Most of them are scammers and we have to be careful.
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The reason why I said so is because there are some websites or videos online where you will see some foreigners asking you to invest a certain amount into their mining companies and that they would pay you a certain ROI every month or per annum. Most of them are scammers and we have to be careful.
Solo mining? I don't think that's profitable any more. Alot of funds are required to maintain mining rigs and if you are not producing enough returns from your mining your might not be able to continue maintaining it own your own. Alot of time it's adviced to rather join a mining pool, where your combine your hash power with other miners and at the end of the day, you all split the profits. In solo mining, it might take more power for you to be able to mine a block successful and sometimes you may not even get one. so it's better join a mining pool.
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The reason why I said so is because there are some websites or videos online where you will see some foreigners asking you to invest a certain amount into their mining companies and that they would pay you a certain ROI every month or per annum. Most of them are scammers and we have to be careful.
Solo mining? I don't think that's profitable any more. Alot of funds are required to maintain mining rigs and if you are not producing enough returns from your mining your might not be able to continue maintaining it own your own. Alot of time it's adviced to rather join a mining pool, where your combine your hash power with other miners and at the end of the day, you all split the profits. In solo mining, it might take more power for you to be able to mine a block successful and sometimes you may not even get one. so it's better join a mining pool.
You're on point mate, solo mining isn't that profitable as it used to be. Now we only hear that a solo miner successfully mined a block once in a blue moon, however comparing the cost of setting up a personal small scale mining farm, and other huge competitors in the labor market, you can tell that its going to be difficult to mine a single block. There are lots of solo miners who still try to run a node if they may get lucky but how often do we hear of solo miners mining a block? Sometimes it's best to let go when the possibility are very low. One can still make investment in bitcoin by holding and still make profits irrespective of the amount you buy.
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Mining is fucking expensive to set up due to the high cost of mining equipment and mostly electricity. I don't understand when you say sharing mining ownership. Are you only going to invest in the mining pool with some funds to keep it running so that whatever profits made, you can get a percentage? It all depends on your discussion between you and the mining pool. However, solo mining will lead you to big loss because no matter how much you have to set up your mining farm, you will not be lucky enough to mine a block since the mining difficulty target is getting more hard to get due to the new miners jumping in the business. It's advisable to join a mining pool.
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If shared mining you mean online mining, its not what you may think it is. There have been scam about like this before and it will not change to something legit when it comes to sharing a hardware project and then all you get to do is make money. Its like you are in a partnership that you are not aware of whats happening in the company.
I'm not a miner myself I know nothing about it but surely owning the mining devices and you mining coins yourself the better because you get to manage them all and more control like you said.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
As for me, this is not a good idea to do, i don't like having a joint account or investment with any other person, i prefer doing mine alone and standing separate, so that i can be able to defend myself, face the reality in doing it, embrace the benefits alone as well as having the full right to manage it effectively as under my supervision than when we are running a joint task, if we could also remember on how mining in crypto could be challenging and to find trust with dealing with others.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
Well, this is a serious matter we need to discuss, as it includes both opportunities and risks.
I've seen many people pool money together to maintain mining farms and make a lot of money in the bullrun. Conversely, many projects that raise capital for mining farms are just sophisticated scams to seize the assets of naive investors.
Investors will need to do their own research on each project to determine their reliability before participating. If they're not confident, they're better off buying and holding BTC instead of investing in mining. Another interesting option is to buy shares of crypto mining companies, which is also a form of mining investment but has been made transparent.
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People are calling fractional mining chill, it's just financialization invading still another area. But you're basically buying a derivative of hardware, not the hardware. You're left trusting third parties that have more power than you as ownership grows confused, risks spread but also hidden. That's transferring responsibility, not freedom while calling it convenience
Indeed, upfront expenses and maintenance are terrible, ASIC prices fluctuate like crazy, electricity markets are geopolitally unpredictable; and maintenance is an ongoing time sink. I can see why people like to share the pain. Still, fractional mining is diluted exposure without governance rights, not passive income. Who’s making sure your miner is even running efficiently? Who's skimming off fees under the nice label of management costs? And is the reward, after dilution and inflation, sufficient to warrant it when you could simply buy Bitcoin or other assets straight and avoid the noise?
People still believe mining results in passive income. It never did. Mining is financial as well as mechanical work. Fractional mining just masks it behind spreadsheets
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
Whether you buy it all alone or partnering up with someone is irrelevant, what does it matters is how much hash power. If it's few hundred ASICs then you can start mining on your own or just join any of the pools to give yourself to make something for the resources that you're spending. If you're talking about one or few then it's not the right time, just buy BTC instead of buying the ASICs.
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~ You get some easy cash coming in without spending a ton upfront.
'easy' is something a scammer/fraudster would say ;D Well, maybe less headache and less burdensome to the pocket but cash are never easy to come even in fractal mining. I think there are some online tools that lets you compute or estimate how much you'll probably earn with fractal mining. Check ROI first using that.
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Going into cryptocurrency mining entails big capital especially from a POV of a small and ordinary guys like you and me but definitely there is no question there is big money that can be made here and that is why it is attracting many investors from anywhere in the world. Now, the idea of fractional mining or shared ownership means one can enter mining with just small capital and can be a good way to experience passive income but the biggest problem is that things are not in your control as it belongs to the people behind the project. And that is where scams and frauds can come in. In the past, this very idea had already been explored but almost all of them are now dead and many innocent investors lost money instead of getting something from their money. We should be careful with this seemingly attractive opportunity maybe except if the program leader is your neighbor or your relative...at least you can come after him if things go south.
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Whether you buy it all alone or partnering up with someone is irrelevant, what does it matters is how much hash power. If it's few hundred ASICs then you can start mining on your own or just join any of the pools to give yourself to make something for the resources that you're spending. If you're talking about one or few then it's not the right time, just buy BTC instead of buying the ASICs.
Yep, two potentials should be measured to see where the value will be bigger in the future.
The easier way - just get more BTC, and the harder way - to dig deeper into the mining process.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
As for me, this is not a good idea to do, i don't like having a joint account or investment with any other person, i prefer doing mine alone and standing separate, so that i can be able to defend myself, face the reality in doing it, embrace the benefits alone as well as having the full right to manage it effectively as under my supervision than when we are running a joint task, if we could also remember on how mining in crypto could be challenging and to find trust with dealing with others.
Partnership or join venture capitalist business has too many disadvantage, it may not alliened properly with two or more people going into Bitcoin mining. Moreover, one person may find it extremely difficult to purchase the equipments required to carry out a mining farm because it is highly capital intensive.
However, if two or more person can work together with written conditions of operations, and the sharing of profit/losses, they can effectively own a Bitcoin mining farm based on written agreements or a partnership deed.
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Partnership or join venture capitalist business has too many disadvantage, it may not alliened properly with two or more people going into Bitcoin mining. Moreover, one person may find it extremely difficult to purchase the equipments required to carry out a mining farm because it is highly capital intensive.
However, if two or more person can work together with written conditions of operations, and the sharing of profit/losses, they can effectively own a Bitcoin mining farm based on written agreements or a partnership deed.
We have to admit that working together on Bitcoin mining seems totally reasonable and rational particularly when it comes to the burden of costs or risks associated with technical aspects but having a written agreement seems to be logical to have as it regulates all the issues which can bring more clarity to all members and thus will eliminate the situation where at least one of the parties has the feeling that the other is acting dishonest and the working relationship is unequal which will only bring some amount of conflict. This also creates chances to the investors who may be lacking capital to undertake these investments independently. This way, it is easier to overcome the initial difficulties, for example, expensive equipment, and set consolidated targets. Of all the incentives, one of the most important is the share which is quite helpful in continuing cooperation.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
As for me, this is not a good idea to do, i don't like having a joint account or investment with any other person, i prefer doing mine alone and standing separate, so that i can be able to defend myself, face the reality in doing it, embrace the benefits alone as well as having the full right to manage it effectively as under my supervision than when we are running a joint task, if we could also remember on how mining in crypto could be challenging and to find trust with dealing with others.
Partnership or join venture capitalist business has too many disadvantage, it may not alliened properly with two or more people going into Bitcoin mining. Moreover, one person may find it extremely difficult to purchase the equipments required to carry out a mining farm because it is highly capital intensive.
However, if two or more person can work together with written conditions of operations, and the sharing of profit/losses, they can effectively own a Bitcoin mining farm based on written agreements or a partnership deed.
Solo mining is best option in my opinion but the fact that it’s highly capital intensive can’t be ignored. You made a good point regarding working together with written conditions, this will ensure transparency and make the team operate smoothly.
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The easier way - just get more BTC, and the harder way - to dig deeper into the mining process.
Mining can bring the BTC constantly and it's not hard either just capital intensive so only who can afford that much capital can part of it to make a life out of it and if not just hoping the solo miner to find a block.
But buying bitcoin is the best approach now, we just start off immediately and no need to track anything at all,. just wait for few years and boom there's your profit.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
I will say this depends on the person in question. If he/she prefers some sort of steady income, not wanting to take part with the headaches that might be encountered, then the shared mining is much preferrable to invest into. But when it comes to wanting to make good profits, then the responsibility of taking the bull by the horn.
The expense on mining is much, as the power/energy bill is the major headache regarding it. Maintenance is equipment is very required for smooth running of the mining process.
For me, I will say the shared mining is okay, this is to have a little but regular flow of income, without trouble thinking or calculating on what to do when some issues come up.
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I will say this depends on the person in question. If he/she prefers some sort of steady income, not wanting to take part with the headaches that might be encountered, then the shared mining is much preferrable to invest into. But when it comes to wanting to make good profits, then the responsibility of taking the bull by the horn.
The expense on mining is much, as the power/energy bill is the major headache regarding it. Maintenance is equipment is very required for smooth running of the mining process.
For me, I will say the shared mining is okay, this is to have a little but regular flow of income, without trouble thinking or calculating on what to do when some issues come up.
This plan can only proceed with careful calculations to ensure income exceeds expenses and surpasses bank interest rates. Typically, this is easily achievable during an uptrend when the BTC price rises favorably, generating profits even for older mining machines.
Participants should thoroughly understand the individuals managing this investment system. Additionally, the processes of purchasing equipment, paying electricity, land, and labor costs, and selling BTC should be transparent to safeguard the interests of all participants. Personally, I'm not familiar with this format. I'll continue investing independently rather than collaborating with others.
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The basic question after reading your post that comes in mind is, "What company is offering fractional mining?", and I ask this because so far, I have never seen either an individual or a company offering to let you pay a portion of a mining equipment's price and maintenance to get a share of the profits made from it and the reason for not offering such a thing is obvious: it's not profitable enough to allow the company to get some profit itself and then share it with others as well.
Due to the difficulty, mining with a single equipment is not possible anymore because it will barely get to mine anything since the competition between companies and firms mining Bitcoin is pretty high which increases the difficulty, so for you to be able to mine Bitcoin, you need to set up more than one equipment so that you can have more hash power. So, considering that and the electricity cost and other maintenance costs, it's not possible for a company to allow you to pay only a portion of a single equipment's buying and maintenance cost and get profit from it.
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The easier way - just get more BTC, and the harder way - to dig deeper into the mining process.
Mining can bring the BTC constantly and it's not hard either just capital intensive so only who can afford that much capital can part of it to make a life out of it and if not just hoping the solo miner to find a block.
But buying bitcoin is the best approach now, we just start off immediately and no need to track anything at all,. just wait for few years and boom there's your profit.
The few years part is truly right.
We can't expect BTC to make you a profit even in a year or so - it's all working toward the change of cycles and BTC becoming more and more scarce.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
I don't know much or even anything about shared mining, but even If I know, I am a type of person that loved my independence, that is, being a boss of myself and having no reason to depend on someone else somewhere for any reason..
So, owning my own personal mining rig or machine is always the best option for me, even if it's going to be a shared mining stuff, I will prefer to be the boss and let other people invest in my machine instead.
But in the nutshell, owning my own mining machine is my goal, doesn't matter how much I will have to spend on electricity or other cost of running the machine, I will deal with this so long as I have the money and can comfortably afford it, if mining in a city isn't profitable due to electricity and other cost, I will move to another city or possibly create my own personalized power source.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
I don't know much or even anything about shared mining, but even If I know, I am a type of person that loved my independence, that is, being a boss of myself and having no reason to depend on someone else somewhere for any reason..
So, owning my own personal mining rig or machine is always the best option for me, even if it's going to be a shared mining stuff, I will prefer to be the boss and let other people invest in my machine instead.
But in the nutshell, owning my own mining machine is my goal, doesn't matter how much I will have to spend on electricity or other cost of running the machine, I will deal with this so long as I have the money and can comfortably afford it, if mining in a city isn't profitable due to electricity and other cost, I will move to another city or possibly create my own personalized power source.
This position is truly great, that is, if the income is there to sustain your goal.
I do hope you will eventually reach your target and accomplish it, letting know about the details of the process ;)
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, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
If you're going to go for shared mining, you should put everything in paper because, the volatility of the market and instability of the cost of machine and electricity, there is a possibility of disagreement; its better that you just do it for yourself, so there is no conflict in coming up with decisions, and you will keep all the profits and the woes of running a mining machine
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I am of the opinion that owning a mining farm is much of a benefit than having other participants or investors have it with you. Having others means you sharing your profit as the case may be and also anything about it would be very fast in response as it is that not only one person is in charge, there would be prompt in responding to the gathering or getting whatever that is needed by the farm to move forward. However, the profit gained from the mining farm would be evenly shared amongst the shareholders concerning their inputs and agreed terms and conditions or memorandum of understanding.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
This is something like we are choosing to buy your own car or get it corpo. Going solo will surely hurt your pockets because nowadays setting up a mining rig isn't a joke they're not that cheap anymore. The other one maybe the primary option so if you make profit you save and then run your own if you already have a budget.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
I won’t give away the fact that both of the two method of owning a mining machine is not a bad one. We are talking about the huge finances of handling a whole mining machine by a person, it will cost you more and require your own time and energy to put in the best outcome as quickly as possible in order not to lose most of the time. I would say coming together to own one is a good idea, although they say two heads are better than one but I don’t know how effective it would be in this case. And when we look at the benefits involved in this, one will gladly go get a mining machine to be operated by themself only and not want it to be fractional mining.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
This is something like we are choosing to buy your own car or get it corpo. Going solo will surely hurt your pockets because nowadays setting up a mining rig isn't a joke they're not that cheap anymore. The other one maybe the primary option so if you make profit you save and then run your own if you already have a budget.
Yes you’re right that actually building the mining device yourself is not that cheap anymore nowadays since have face a rise in the price of hardware and electricity consumption. It is not surprising therefore that people are seeking other, cheaper and yet effective, strategies to make a profit without having to incur so much costs initially. To some extent, beginning with an inferior plan and gradually accumulating profits would be more rational to go through before owning an own business. People have their distinctive approach to handling their profits and as far as the approach selected for this is sustainable growth-focused, it becomes ideal.
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This is something like we are choosing to buy your own car or get it corpo. Going solo will surely hurt your pockets because nowadays setting up a mining rig isn't a joke they're not that cheap anymore. The other one maybe the primary option so if you make profit you save and then run your own if you already have a budget.
Yeah, it's the question of the budget and the risks put to it, mostly.
And things can always be adjusted to satisfy the targets / needs of the person.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself?
Not your keys, not your coins!
Not your miner, not your income!
Due to the difficulty, mining with a single equipment is not possible anymore because it will barely get to mine anything since the competition between companies and firms mining Bitcoin is pretty high which increases the difficulty, so for you to be able to mine Bitcoin, you need to set up more than one equipment so that you can have more hash power.
Who said that?
One s19 is making $3 100 s19 are making $300, you can mine with a single machine there is no difference in payout.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
Shared mining has its own perks, it is no different from having a business partner but in shared mining who will manage the mining machines? I mean in shared mining we have to buy the machines at least or we will rent them.
But if we partner to buy machines and someone else has to manage like some manager who will manage a mining rig for 10 people and divide the money in 10 people and keeps his profit too then this way profit will be too low don't you think?
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This plan can only proceed with careful calculations to ensure income exceeds expenses and surpasses bank interest rates. Typically, this is easily achievable during an uptrend when the BTC price rises favorably, generating profits even for older mining machines.
Participants should thoroughly understand the individuals managing this investment system. Additionally, the processes of purchasing equipment, paying electricity, land, and labor costs, and selling BTC should be transparent to safeguard the interests of all participants. Personally, I'm not familiar with this format. I'll continue investing independently rather than collaborating with others.
Independent investment is more reliable, having no trust issues with or on anyone, so that one can sleep peacefully. Trusted organization recognized worldwide gains the trust of those using its platform and that doesn't happen in a short period of time. Knowing the trustworthiness of those managing the collaborative mining system is crucial. Everyone knows how this crypto system works; you don't just throw money into every platform because they call themselves one thing or the other. Trust is vital.
Looking at the points you've listed out will be a good reason to make findings about a platform before investing, and also calculating what your returns might be, if it will worth the try. No investor wants to invest with no profit at the end. So, it is a good point to check.
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No.
There is some context behind it.
"Group buys" where you team up with a lot of other people to crowdfund a miner purchase, used to be so popular for buying miners that Bitcointalk even created a subboard for it.
The idea is similar to yours in that they own a percentage share of the profits the miner makes in solo or one of the PPS modes.
However, as miner prices skyrocketed and people lost interest in the idea, others became priced out of the endeavor.
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What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself? With hardware, electric bills, and upkeep getting so pricey, a lot of people are saying shared mining is a chill way to jump into crypto without the headache of running a miner. You get some easy cash coming in without spending a ton upfront. But some people swear owning your own miner is better, more control, bigger profits. So what's your take? Is fractional mining the next big thing or does it feel too iffy to you? I'm curious!
Shared mining has its own perks, it is no different from having a business partner but in shared mining who will manage the mining machines? I mean in shared mining we have to buy the machines at least or we will rent them.
But if we partner to buy machines and someone else has to manage like some manager who will manage a mining rig for 10 people and divide the money in 10 people and keeps his profit too then this way profit will be too low don't you think?
from the beginning of knowing crypto, I don't do mining business but I only invest and trade. because the capital to buy equipment for mining is quite expensive, I prefer to focus on trading. Share mining seems like an interesting business, but there must be clarity in the distribution of results and equipment management. because there are many things to discuss including electricity
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No.
There is some context behind it.
"Group buys" where you team up with a lot of other people to crowdfund a miner purchase, used to be so popular for buying miners that Bitcointalk even created a subboard for it.
The idea is similar to yours in that they own a percentage share of the profits the miner makes in solo or one of the PPS modes.
However, as miner prices skyrocketed and people lost interest in the idea, others became priced out of the endeavor.
Interesting, never saw the golden days of such activity.
But it's inevitable it would end knowing fully well how much mining is costing now.. Being a solo man => you need lots and lots of electricity and many other things.
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Move
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from the beginning of knowing crypto, I don't do mining business but I only invest and trade. because the capital to buy equipment for mining is quite expensive, I prefer to focus on trading. Share mining seems like an interesting business, but there must be clarity in the distribution of results and equipment management. because there are many things to discuss including electricity
We always consider and have our own ways in making decisions about what is the best thing to do. It is quite understandable that we get a sense of being closer to the action when buying and selling activities are provided for and have yielded satisfactory returns as against entering other technical areas. However, there are those that involve each and every individual such as joint mining, and these do need some form of structure that cannot just be made anyhow. It is only when there are a number of technical implications that complement with the results that are produced that the clear depiction of the system becomes a no more an option. There should be voluntary cooperation from all the partners to understand that operations must go on without either party feeling that it is suffering a loss. In such circumstances, the ability to select tasks, the results of which can be influenced with one’s own hands, gives a kind of confidence that can be unavailable in prospective that still heavily relies on others.