Re: Question Time：Mining by own machine or cloud mining, which one is better and why
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A real question, sir.I just want to know users' real thoughts about cloud mining or mining with machines. Because cloud mining is so popular in China now and i would like to know more thoughts from people of worldwide. We need to know more people's thoughts. No promotion, just discussion.
And how do you know cloud mining is popular in China? Do you have any proof of it being popular there and not in the US?
It's quite ironic that the Chinese page of bitdeer, for example, si showing the prices in $ and not yuan
Can we finally after 5 years of the constant myth of everything related to bitcoin being big in China and not somewhere else?
Objectively, cloud mining indeed can help users who have no enough money to buy machines or no places to setup machines mine crypto. Not every miner has enough money or places to do that.
Oh, a tear! And another one!
The Robin Hood of bitcoin mining, the benefactors of the poor, the cloud mining companies.
Oh, how disgraceful of me to think that you're not after the poor people who can't buy miner money and you give them zero guarantees and in a case of a dump you even terminate their contract because of energy bills, how could I not see how good and helpful your business is.
You just think of fleecing a bit the ones that don't have enough money to be fleeced by others...
That led more and more investors choose to buy coins not cloud mining even though the cloud mining is more stable.
7.5% difficulty increase (so 7.5% revenue (not profit)) decrease for 1TH/1PH whatever your unit of measurement is and at the same time a nearly 20% drop in BTC price..
If you call that stable, how do you picture something unstable?