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Re: "Bitcoin mining is a Big no!"
by
Delmore
on 01/10/2018, 07:33:53 UTC
Cloud Mining has its own advantages and disadvantages. If your finances are limited then cloud mining is not a bad idea, because cloud mining will be less expensive and will not cost you any space. But it's hard to control your profits, because your profits depend on your company's development as well as Bitcoin's digging algorithms, and you can get scam if you don't choose the right company to mine your reputation and the biggest disadvantage is the number of Bitcoins is very few,  so it will harder to mine a coin.
In my opinion cloud mining is not good at all. If you want to mine you should start your own mining but never think of cloud mining. When you do not a person, his place how can you invest with such a person. An anonymous person will use your money for himself and if he took away your money you would not be able to claim your money because you don’t know the person or his place.