What would be good for investing in bitcoin mining? Setting up your own device or investing in an online mining site where you can buy hashing power? If you guys invest in an online site, I would be very grateful if you could share your experience.
What would be good for investing in bitcoin mining?
- Thread starter Mykel
- Start date
The cost of having personal Bitcoin Mining machine is very high and the cost of operation as well.
You can use dualmine and Exodus Mining . They are the two legit cloud Mining sites .
You can use dualmine and Exodus Mining . They are the two legit cloud Mining sites .
If he has the money, the best is for him to set up his mining rig and possibly advertise online so that people will invest in his mining pool.for him to generate more money to buy or pay for electricity and other logistics to enhance his mining so he can share the profit with the investors.
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I don't advice you to mine Bitcoin with your phone or any device you own. Finding a legit mining pool platform will bring you profit in the near future. Find it today and partake in their mining pool section, with contract agreement. At the end of each contract you, you earn what you contributed for.
Bitcoin mining is a very good business and very profitable and it is legit and some of my relatives do it and I once asked them they were telling me that it is profitable and good you should By reading your statement, my heart is trying to do bitcoin mining.
Personal mining is not advisable because what will be mined would be so insignificant that it wouldn't amount to anything worthwhile but investing in pool mining will be the best option for him even better than him investing in crowd mining.
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You don't mean it! I've not heard of either of these two mining platforms you mentioned above. I think, its high time I gave it a trial. Although, I've tried a lots of mining apps, all to no avail. I will try Exodus minners soon.
I don't know how profitable Mining of Bitcoin is right now, Your income directly depends on the right choice of equipment. First of all, pay attention to ASICs, because they are increasingly displacing GPU rigs from the market.
having your own mining devices cost a bit, it would be ideal to invest in one of those websites that do mining themselves and you just take a percentage from that profit, by doing that, you don't take lot of things on consideration such as power consumption and expensive material that you should buy
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Bitcoin mining is not in anyway easy as you would be needing lot's of money to begin and of course finding the right equipment for mining is not easy too, then cost of running them as you would be needing constant electricity.
Purchasing mining machine are very expensive and purchasing mining contracts on third party also is very risky. If they fall on their planing they will not refund your money. So I think purchasing a gaming computer will be the best option to mine, using it for your job at the same time mining.
As bitcoin's price is increasing gradually, the mining of bitcoin is becoming much hard and expensive. So I will not suggest you to mine bitcoin but you can go for cloud mining as they also saves your phone or pc from self destruct. For me, investing is better these days than mining.
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I really don't know too much about mining but I would prefer investing in bitcoin than mining because unless you have the necessary equipments which are quite expensive by the way, mining may not be profitable at all.
Mining bitcoin should be the most difficult coin to mine. The cost might drive you out. You need a very good mining rig, it is better built than bought. You can build it to be very strong. Problem is, the cost of mining BTC might exceed the benefit. You should also consider pool mining of Bitcoin, it yields more success.
Well, to build it might be cheaper and more efficient because you will have your desire specifications but you must be well informed in that specialization to be able to do that. Investing is more easier for me now.
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There are many scam online sites that are out there for mining so if you choose to go with the online route i think that you should make sure to do a lot of research. Personally i think investing in the equipment is a good idea, as you can always switch to another coin if you would like to alter your mining at a later point. It is an investment that will serve you for a long time.
I don't really know much about mining, but I prefer investing in bitcoin than mining because as bitcoin price is increasing gradually, so mine bitcoin will become much hard and expensive.
Mining of bitcoins is not really easy and as a result that's why they don't advise people to mine bitcoins with personal computer but most of the online mining site are always likely to be scam but if you can see a genuine one to invest your money and your time with that actually go into bitcoin mining then you can invest with them and earn some money because,I think it depends on how much you invest that will guarantee how much you will earn.
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Cost of mining machines are really high and even the cost of operation too needs more technical skills and also very high too. To me, it will be better l find a legit mining pool platform online like dualmine and invest some money in it and also be entitle to interest at regular interval.
No time is a good time or bad time for bitcoin. You can choose to wait and it keeps increasing or choose to buy now and cash out when it's higher in value. Thing is that you need calculations and analytical skills to be able to understand this. And trust me bitcoin is soaring in a way that experts cannot even predict because it's not modulated by a person or group of persons.
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