Post
Topic
Board Service Discussion
Re: Is mining safe?
by
mocacinno
on 02/08/2017, 18:47:24 UTC
I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?

If i invest, then what should be the amount first?

And in which sites would be better to do mining?

You are talking about cloud mining... In this case, yes, 99% of the cloud mining companies are scams. The rest sell you all their risk for a small part of the profits...

Actual mining is completely different: if you do all calculations and risk assesements beforehand, you're reasonably safe