i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining? should i invest in mining in the cloud or mining equpment? which is better?
i wouldn't call mining efficient by any means, with electricity and hardware costs, the profits from mining are marginal at best and is only viable as income with a huge farm. also avoid cloud mining, most are ponzi scams but there are a few legitimate ones out there:
https://bitcointalk.org/index.php?topic=878387.0this thread should help. If you really want to mine though, purchasing an antminer S5 wouldnt be a bad idea.
most cloud mining are scams? will i still get some btc if i purchase a cheaper miner and mine with that?