Shared Mining Ownership

[BlockSavvy]

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!

[Mia Chloe]

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.

[Dr.Bitcoin_Strange]

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.

[Hatchy]

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.

[Makus]

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.

[Sim_card]

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.

[target]

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.

[Aanuoluwatofunmi]

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.

[MrSpasybo]

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.

[slapper]

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

[Findingnemo]

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.

[Zed0X]

~ You get some easy cash coming in without spending a ton upfront.

'easy' is something a scammer/fraudster would say 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.

[TomPluz]

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.

[omori]

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.

[Bobcrypto]

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.