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Re: "Bitcoin mining is a Big no!"
by
maarx
on 14/01/2018, 23:39:55 UTC
I know a little about cloud mining.
I think so far cloud mining is still very profitable although it is not recommended for beginners.
because there are many costs that need to be issued.
but if it can be well set.
this can produce quite large
You indeed know very little about cloud mining and that raises the question if you're the original owner of above account? As is, cloud mining ceased to be attractive to anyone as soon as they become experienced enough to see through their resemblance with any ponzi scheme out there. At best, those early payments are carrots before donkeys and unknown to many, it is sending back to you, tips of the much you already invested and only few are lucky enough to even recoup their investment before the party is over, because there usually are no mining hardware anywhere.

Haha, you have noticed something. Well, you have a great point. Cloud mining are just ponzi scheme, a waste of time and money. You don't have control on your investment and you aren't sure about the longevity of site you have joined.
It seems very difficult but I agree with your comment. I've also invested in bitcoin cloud-based websites, and what I've found is that after 3 months I have not yet recovered my capital, and more and more information about fraudulent websites. This makes me very confused. I advise newbies not to exploit bitcoin with the cloud.

Yup. So try mining alternative. I see my friend mining at home with a rig set earning a decent amount every month. Last month he shifted to nice hash and earning bit more than earlier. He advices not to get caught up with cloud mining. As said above, cloud mining is so attractive but none returns as a profit or income. One get cheated. Your pay at times become zero.

So try mining with PC at home if you are going for less capital investment. All the best.