Shared Mining Ownership

[Stompix]

What do you think about putting money into just a piece of a mining machine instead of getting a whole one yourself?

Not your keys, not your coins!
Not your miner, not your income!

Due to the difficulty, mining with a single equipment is not possible anymore because it will barely get to mine anything since the competition between companies and firms mining Bitcoin is pretty high which increases the difficulty, so for you to be able to mine Bitcoin, you need to set up more than one equipment so that you can have more hash power.

Who said that?
One s19 is making $3 100 s19 are making $300, you can mine with a single machine there is no difference in payout.

[ZAINmalik75]

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!

Shared mining has its own perks, it is no different from having a business partner but in shared mining who will manage the mining machines? I mean in shared mining we have to buy the machines at least or we will rent them.

But if we partner to buy machines and someone else has to manage like some manager who will manage a mining rig for 10 people and divide the money in 10 people and keeps his profit too then this way profit will be too low don't you think?

[Stuart]

This plan can only proceed with careful calculations to ensure income exceeds expenses and surpasses bank interest rates. Typically, this is easily achievable during an uptrend when the BTC price rises favorably, generating profits even for older mining machines.

Participants should thoroughly understand the individuals managing this investment system. Additionally, the processes of purchasing equipment, paying electricity, land, and labor costs, and selling BTC should be transparent to safeguard the interests of all participants. Personally, I'm not familiar with this format. I'll continue investing independently rather than collaborating with others.

Independent investment is more reliable, having no trust issues with or on anyone, so that one can sleep peacefully. Trusted organization recognized worldwide gains the trust of those using its platform and that doesn't happen in a short period of time. Knowing the trustworthiness of those managing the collaborative mining system is crucial. Everyone knows how this crypto system works; you don't just throw money into every platform because they call themselves one thing or the other. Trust is vital.

Looking at the points you've listed out will be a good reason to make findings about a platform before investing, and also calculating what your returns might be, if it will worth the try. No investor wants to invest with no profit at the end. So, it is a good point to check.

[NotATether]

No.

There is some context behind it.

"Group buys" where you team up with a lot of other people to crowdfund a miner purchase, used to be so popular for buying miners that Bitcointalk even created a subboard for it.

The idea is similar to yours in that they own a percentage share of the profits the miner makes in solo or one of the PPS modes.

However, as miner prices skyrocketed and people lost interest in the idea, others became priced out of the endeavor.

[legend45]

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!

Shared mining has its own perks, it is no different from having a business partner but in shared mining who will manage the mining machines? I mean in shared mining we have to buy the machines at least or we will rent them.

But if we partner to buy machines and someone else has to manage like some manager who will manage a mining rig for 10 people and divide the money in 10 people and keeps his profit too then this way profit will be too low don't you think?

from the beginning of knowing crypto, I don't do mining business but I only invest and trade. because the capital to buy equipment for mining is quite expensive, I prefer to focus on trading. Share mining seems like an interesting business, but there must be clarity in the distribution of results and equipment management. because there are many things to discuss including electricity

[omori]

No.

There is some context behind it.

"Group buys" where you team up with a lot of other people to crowdfund a miner purchase, used to be so popular for buying miners that Bitcointalk even created a subboard for it.

The idea is similar to yours in that they own a percentage share of the profits the miner makes in solo or one of the PPS modes.

However, as miner prices skyrocketed and people lost interest in the idea, others became priced out of the endeavor.

Interesting, never saw the golden days of such activity.

But it's inevitable it would end knowing fully well how much mining is costing now.. Being a solo man => you need lots and lots of electricity and many other things.

[Basedjack]

Move

[Legion]

from the beginning of knowing crypto, I don't do mining business but I only invest and trade. because the capital to buy equipment for mining is quite expensive, I prefer to focus on trading. Share mining seems like an interesting business, but there must be clarity in the distribution of results and equipment management. because there are many things to discuss including electricity

We always consider and have our own ways in making decisions about what is the best thing to do. It is quite understandable that we get a sense of being closer to the action when buying and selling activities are provided for and have yielded satisfactory returns as against entering other technical areas. However, there are those that involve each and every individual such as joint mining, and these do need some form of structure that cannot just be made anyhow. It is only when there are a number of technical implications that complement with the results that are produced that the clear depiction of the system becomes a no more an option. There should be voluntary cooperation from all the partners to understand that operations must go on without either party feeling that it is suffering a loss. In such circumstances, the ability to select tasks, the results of which can be influenced with one’s own hands, gives a kind of confidence that can be unavailable in prospective that still heavily relies on others.