Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
I never checked out cloud mining and the real mining and I dont know which one of them works better. But I know a friend that was doing cloud mining and I believe he was making lots of profit from it, according to what he has said.
But after I went online, I started seeing people claiming that cloud mining is nothing and that profits never come from it. From what Ive been seeing online, seems like both type of mining are not profitable unless youre able to set up a huge mining farm.