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Gigi

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What is Bitcoin?

I remember the first time I researched BTC mining on a PC was a year back and already it was a saturated and competitive market to enter (I missed the mining bus as they call it). One thing for sure, was that I didn't have the tech savvy to build something mining-worthy, and not just an elaborate room heater. Electricity isn't exactly cheap where I live either, due to excessive taxation.

Cloud mining certainly seems to have some perks, you meddle with less hardware, you get less senseless heat from the computer and there's a lower electricity usage.

But it's not all flowers and sunshine, most cryptocurrency mining sites are complete ponzi schemes (they pay the earlier investors with money from the newer ones).

Legit sites also have a thing called maintenance and electricity fees ("MEF"), which adds up as expense on your otherwise flawless plan of gaining profit in the span of 6 months. Another thing is that mining difficulty increases as more cryptocurrency is mined and there's a huge variation in the balance of cryptocurrency making frequent re-calculations of your "plan" necessary to avoid going into negative profit.

Has anyone successfully seen any profit from Cloud mining? Even small sum stories, I'd like to hear the experience.
 
I think there ia high probability of getting scammed on those cloud mining app because many are really turning into scam and you might fall into the trap
 
Mining use to be a very easy thing up till date but currently mining of bit coin requires so much more like stable electricity and a particular machine called ASICP machine.
 
I wouldn't even try or think about mining bitcoin's directly.. it's getting harder and harder as the unmined Bitcoins are decreasing which means needs more resources to mine em
 
I have not yet tried the bitcoin mining pool. I heard there are some cloud mining services out there. And one can earn good from them. Not sure if the return of investment out of such places is good or bad. But considering the price of the bitcoin. I am sure it is kind of worth it.
cloud mining is an option. but you only get your investment and that's about it.
 
I
What is Bitcoin?

I remember the first time I researched BTC mining on a PC was a year back and already it was a saturated and competitive market to enter (I missed the mining bus as they call it). One thing for sure, was that I didn't have the tech savvy to build something mining-worthy, and not just an elaborate room heater. Electricity isn't exactly cheap where I live either, due to excessive taxation.

Cloud mining certainly seems to have some perks, you meddle with less hardware, you get less senseless heat from the computer and there's a lower electricity usage.

But it's not all flowers and sunshine, most cryptocurrency mining sites are complete ponzi schemes (they pay the earlier investors with money from the newer ones).

Legit sites also have a thing called maintenance and electricity fees ("MEF"), which adds up as expense on your otherwise flawless plan of gaining profit in the span of 6 months. Another thing is that mining difficulty increases as more cryptocurrency is mined and there's a huge variation in the balance of cryptocurrency making frequent re-calculations of your "plan" necessary to avoid going into negative profit.

Has anyone successfully seen any profit from Cloud mining? Even small sum stories, I'd like to hear the experience.
Your article has provided a new insight into mining crypto currency,but come to think of it some sites talk about mining for free or investing a little to get much.It there are real ones,it it will relieve you of the burden of heat and electricity consumption
 
Depends on what you want to mine, if you want to mine on your PC right away I would suggest cryptotab, though it is a browser it also mines your unused resources in your pc
I heard about this cryptotab mining browser please does it work for all countries unlike the brave browser that wasn't rewarding most tier one and two countries.
 
I heard about this cryptotab mining browser please does it work for all countries unlike the brave browser that wasn't rewarding most tier one and two countries.
Yep it is, I think it's because brave is an ads base browser that's why it rewards more in 1st tier countries, while cryptotab is a mining based and earning depends on your hashes
 
Crypto tab will start the mining when the browser is open(surfing), no commands or authentication is required. Read the simple mining terms carefully to avoid violating any of them, because if terminated your account can never be recovered.
Might also add that you can adjust your mining depending on how much you want cryptotab to use your resources for mining
 
No because it take too long to make a profit if you are able to make a profit ,the equipment are too expensive and the high electricity cost.
You're right, I don't think Bitcoin mining is even still profitable as before. You'd have to buy expensive equipment if you must maximize benefit and you must have stable and high voltage of electricity and an adaptable network system. I'm currently mining on Satoshi BTCs and you can accumulate BTC for seven consecutive days before it automatically stops, which you have to recruit miners to increase your chances of BTC and hashrate speed.
 
Mining Ban In Maldova

The neglect of the bitcoin mining industry in Moldova to set up renewable energy plants has led to an electricity crisis. Among the decisions that have been taken with the aim of reducing electricity consumption in the country before winter, one includes a ban on bitcoin mining.
 
In Moldova as indeed in the whole European continent.
Unfortunately there is a war going on that everyone knows about. But what we do not yet know will be the conclusions of this conflict.
So given the high cost of energy, it's probably not even worth it anymore on the value of the same bitcoin mined.
 
In Moldova as indeed in the whole European continent.
Unfortunately there is a war going on that everyone knows about. But what we do not yet know will be the conclusions of this conflict.
So given the high cost of energy, it's probably not even worth it anymore on the value of the same bitcoin mined.
You are right, a ban on mining is a must there if miners cannot establish their own power plant and produse more energy. If I were Governmen, I would have taxed mining companies in electricity, means they need to produce electricity if their own, and also give a share of that energy in tax, this will cover power crises
 
I think there ia high probability of getting scammed on those cloud mining app because many are really turning into scam and you might fall into the trap

Cloud mining apps and websites are a waste of time. There are many professionally made mining sites that have also become a scam as well. Those cloud mining sites are actually pyramid schemes that have nothing to do with mining at all. They are basically a set up to get hands into people's pockets and then run away.
 
For mining I will suggest investing in Riot Blockchain and earn share. Riot Blockchain is running the largest Bitcoin mining operation, its Whinstone mining centre is the biggest facility to mine BTC. Whooping 509 Bitcoins have been made from this center only in October 22.
 
Might also add that you can adjust your mining depending on how much you want cryptotab to use your resources for mining

The crypto tab miner actually mines Monero. It converts and shows Monero as "bitcoin", but in reality they actually mine Monero. Monero is a kind of coin which has much lower difficulty level as compared to bitcoin. However, still mining Monero is not possible on a regular, old computers. Monero is a kind of coin that does not have any connection with ASICs.
 
Climate change is always the main issue when it comes to opposing Bitcoin because it is purely PoW and needs mining. This time, Massachusetts Senator Ed Markey took on cryptocurrency mining, accusing miners of undermining decades of progress made in the field of climate change.
 
Mining is no more profitable now because of high cost of electricity and equipment. Secondly, bitcoin is losing value on daily basis. Not only bitcoin, all cryptocurrency is on downward movement.
 
Mining is no more profitable now because of high cost of electricity and equipment. Secondly, bitcoin is losing value on daily basis. Not only bitcoin, all cryptocurrency is on downward movement.
Hello,
Best monetization tool nowadays is Storm Gain because I have reached 6 $ in couple of days and waiting for 10 USDT cash out process in next upcoming days from stormgain one.
 

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