Reason why people do not believe in mining

[JoyMarsha]

Mining of coin is one way to earn money online too , but some people hate it because there are many scammers online which will tell u to deposit money to start. Reason why we mine is that coin When computers on the network verify and process transactions, new bitcoins are created, or mined.

Time wasted and the amount to be rewarded as payment are good reasons for anyone to decide not to involve themselves with the mining of coins. Some people don't like to involve themselves with something they are not sure whether they will be paid at their time of involvement with the mining. Nothing pains more, than after participating in something for a long, when the time for payment comes, you are given the conditions of depositing money first before any other thing is done

[_act_]

Mining of coin is one way to earn money online too , but some people hate it because there are many scammers online which will tell u to deposit money to start. Reason why we mine is that coin When computers on the network verify and process transactions, new bitcoins are created, or mined.

Maybe you should have first taken your time in explaining on the various types of mining we have and which one does the people dislike going for and why, we have bitcoin mining, we have altcoins mining and we have cloud mining, of all the three, only cloud mining is the worst i wouldn't advise anyone to go for, because most of them are scam, if you're thinking about others, they many are not having the required eligibility for minig bitcoin or other altcoins, which could be one of the reasons they are not going for them.

[Z-tight]

Mining of coin is one way to earn money online too , but some people hate it because there are many scammers online which will tell u to deposit money to start. Reason why we mine is that coin When computers on the network verify and process transactions, new bitcoins are created, or mined.

Since you are talking of BTC, you should know that it is no longer easy to mine BTC, it was easy to do so on your computer in the early days, but now you need to buy Asics, take care of maintenance, buy coolers, get a good space and you must have cheap electricity.

Another way people get scammed is through cloud mining, you guys should not fall for it, cloud mining is a scam.

[Hatchy]

Mining is indeed seen as a genuine way to earn money by helping to process transactions and creating new coins. However, we should all be careful of scams and scam websites that might ask for money upfront to get started. Also, before investing, make sure to research the opportunity and confirm to know if it is legitimate, Understand the costs of mining equipment , data subscription and electricity. Legitimate mining requires time and investment, so don’t fall for offers that seem too good to be true. My whole point is, Just remember to always approach with caution and verify the credibility of any mining opportunity that comes up.

[Asiska02]

Mining of coin is one way to earn money online too , but some people hate it because there are many scammers online which will tell u to deposit money to start. Reason why we mine is that coin When computers on the network verify and process transactions, new bitcoins are created, or mined.

Mining is very broad and it is a subject of thoughts on its own. Mining is the way earlier holders of bitcoin were able to first own bitcoin. It requires a lot of electricity and very costly in order to mine them. While it’s still profitable till date, the probability of you making it out of mining those bitcoins will depend on your manpower (electricity generation) that can withstand the heavy computers used for mining them (cloud mining).

Other forms of mining that are more susceptible to risk are done with less energy and are generated without having to solve a complex puzzle all the time. It differs for many tokens though, but if you’re early to some of them, you’ll get to profit from them, but most times are not as valuable as expected with the time spent in mining them. This days, people can mine with their mobile phones which shows how cheap it can be and highly risky for scammers to infiltrate it.

[philipma1957]

I mined for years made money almost ev r my year from 2012 to 2024.

I CAN state that at this time mining for 99 % of the world needs to be done at very small power use.


Less than 1% of the world has the ability to mine in large amounts.


But most of the world can buy some coin via dca and hold it.