Quote from: Bitdonator on July 01, 2015, 06:52:21 AM

Quote from: WheatBreadSaid on June 30, 2015, 04:26:41 PM

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?

For me, cloud mining is much better... no need to think about elect. bill, equipment, heating etc.

You can buy hashing power on www.bit-x.com and get mining reward every day.

You will have to worry about it turning into a ponzi and running away. The electrical bill part is quite wrong. Even though you don't have to pay any electrical bill, you have to pay maintenance fees and electrical bills are already included in it with some maintenance cost. It could end up being more expensive than mining yourself. Some cloudmining companies may be legit but nothing stops them from running away.

That being said, if it is legit and you aren't looking for profit, you won't have to maintain it yourself and you don't have to worry about hardware failure. I still don't see any point in doing that since you can't really feel the mining experience.