Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: roykiyosi on October 06, 2018, 08:27:06 AM

Title: "Bitcoin mining is a Big no!"
Post by: roykiyosi on October 06, 2018, 08:27:06 AM

Ive met some group of financial adviser, they 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 ive 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?
Whos recommendation should i try and why?

Title: Re: "Bitcoin mining is a Big no!"
Post by: debra on October 18, 2018, 09:20:53 AM

Mining bitcoin today is not easy because it has to use special tools. In addition, the electricity supply needed to mine is also large. And mining is not profitable because the market is in a downward trend.

Title: Re: "Bitcoin mining is a Big no!"
Post by: Crypto Prime on October 19, 2018, 09:17:15 AM

Mining old coins like bitcoin is currently very difficult. We must use mining equipment which is very expensive. And now mining will not give big profits like it used to when bitcoin was not popular.