Post
Topic
Board Beginners & Help
Re: Invest for beginners
by
goinmerry
on 13/09/2020, 22:33:36 UTC
I find mining to be a better option.
To mine BTC, you first need to purchase mining units to provide the computing power necessary, the mining units are expensive and requires specific knowledge to set up and operate. When you purchased mining units, you then need to find/rent/purchase a “farm” to place those machines.

Simple as it is but I don't think it's a good recommendation for new players unless they are aggressively want to build a mining setup.

Instead, use the money to buy crypto. Much better and simple.

I use RRMines services. RRMine's decentralized computing power platform has a variety of products, In addition to the 3-year long-term contract, lock-in period of 30 days, 90 days, 180 days are also available.

I've checked the website and I read "cloudmining".

Not actually a good recommendation for newbies. It requires advanced knowledge as it might lead newbies to expect a pure passive income.

And besides, cloudmining's reputation isn't good now due to lots of scams that happened in the past.