What is the is the risk of cryptocurrency minig?

[Genius]

I want to go into cryptocurrency mining I need your advice.

[Angkoolart10]

Read about cryptocyrency market and also try the different sites to improved you learning.

[marcsymons]

I want to go into cryptocurrency mining I need your advice.

There is no risk in Crypto currency mining as long as crypto currencies investments are legal in your country. You will just get paid on every transaction services that you been made in the blockchain so there is no risk on that because the transactions payments are already included before transactions will be confirmed. All you need to worry is the expenses of your electric consumption specially if you are in the country that electric source is much expensive.

[cryptothief]

No major risks as such in mining, the main things you need to consider are the length of time it takes to recoup your initial investment, the costs to run your mining rig and the value (or potential future value) of the coins you elect to mine. The site whattomine.com seems to be a popular choice to find the most profitable coins to mine. Electricity will generally be the main running cost and can make a considerable difference to margins.

[sugarchrisp]

The only risk is how much power you consume.  If your rig is inefficient it might cost you more for the power you're using than whatever you're mining is worth. 

[alltalk]

The only risk is how much power you consume.  If your rig is inefficient it might cost you more for the power you're using than whatever you're mining is worth.

I agree with you. It seems just about the power consumption. For the rest, I think mining quite safe.

[Munareal]

Cryptocurrency mining is not risky if you can afford the initial investment of getting the mining rigs and maintain the high electricity consumption

[Barmalei]

I want to go into cryptocurrency mining I need your advice.

cryptocurrency mining needs only an initial contribution. If you were bought by the equipment, then a question only in payback time. There are almost no risks if you have an opportunity to pay for electricity

[Speaker]

Mining is not profitable now.You will pay for the equipment for a long time.I can not even say that the price of equipment has fallen significantly.

[cashbit]

There is no risk of coin mining. Bad risks occur when you mine without using mining tools. Some people who mine with smartphones and laptops with low specs, they find their cellphones or laptops damaged.

[Speaker]

Many people now produce cryptocurrency if not at a loss to themselves, then just to zero.Many struggle to pay for electricity.I'm talking about home mining.In large-scale mining, the situation is more favorable.

[moonking]

I want to go into cryptocurrency mining I need your advice.

Every article I read said that small operations are not very profitable.  And well known coins require expensive equipment for efficiency, even doge.  But people still make money on larger operations, possibly with investors.  But there is also a type of mining, where people mine something they like and it's cheap, but they don't sell them.  They just hold on to them, waiting for the price to increase.  People did that with many early coins.

[cashbit]

As far as I know, there is no risk of mining coins. If mining is done with a computer or laptop with high specs, mining will have no risk. Especially if you mine with a special tool, it will be easier and no risk.

[Speaker]

As far as I know, there is no risk of mining coins. If mining is done with a computer or laptop with high specs, mining will have no risk. Especially if you mine with a special tool, it will be easier and no risk.

If mining is carried out using even a powerful computer-I think that there will be no benefit from such production.Best industrial mining with ASIC devices.

[nufika89]

Mining is an easy way to get money. You can get big income every month by mining coins. But unfortunately mining is currently difficult because it is expensive, risky and not too profitable because the price is very low.