Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: kangug24 on September 27, 2018, 06:33:08 PM
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There was a financial adviser told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted. Then i’ve met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income. What are the possible reason on thier contradiction? Who’s recommendation should i try and why?
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I agree more to people who say that mining is expensive and risky. The fact is that bitcoin is currently difficult to mine, even with special tools. You will only waste time doing mining. But others if we speak first, when mining is not yet popular, bitcoin mining is easier to do.
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@cashbit, mining coins is now more difficult. I have left mining a few months ago because mining no longer gives me profit. In addition to the expensive electricity supply, mining has made my personal computer heavy.
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Unlike before, mining is difficult at this time. I even sold my mining tool 3 months ago because I didn't get anything from mining. So think 3 times to buy mining tools and share the results with friends.
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it is true that some time ago mining cryptocurrency was very good and profitable
but if for now I agree that mining digital currencies is expensive and very risky
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If it is up to me, I would try to avoid services that offers mining platforms for mining unless you personally know them.
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@backspace, what tools do you use to mine? How much did you buy and how much did you sell the tool? I am interested in mining, but many people say mining tools are very expensive.