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HYIP's are at high risk. But Mining instead?

highspeed

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Pick a box! Unbox it! Get item delivered!
Are You Looking for a Crypto Casino?
We all (or at least here) know that HYIP sites involve a high risk of losing our investment, from one minute to the next!
So I instead, have liked to try to use the Mining system, but I am still very "far" from this method , inherently every operation, to be able to take profit from it!
But, from what I read instead, it would seem that (if I understand correctly), even the Mining, involves a risk, not far from that of HYIP's !!
Who could clarify my ideas about "how mining works"?
Thanks in advance.
Regards!
 

Emoney

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Agin, it all depends if you have a good graphic processing unit or not. You'll losing money if the cryptocurrency you're mining cost less than your operational costs. Of course, you can hope for the crypto you betting on to increase in price in the future, but there's no guarantee for that to happen. Plus, instead of using your own pc you may want to consider buying an ASIC miner hardware.
 

highspeed

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And then, so would you advise me to buy ASIC miner hardware, in order to work in mining?
It could be an idea. You see, in these four images, you can see the characteristics of my current PC.
Thank you. PC01.GIF PC02.GIF PC03.GIF PC04.GIF
 

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As for me.. hyip investments or mining investment services.. all of them are still the same in category they both turn to SCAM at last .. the best way is to only invest what you can afford to lose.. none of them can be trusted.
 

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And then, so would you advise me to buy ASIC miner hardware, in order to work in mining?
It could be an idea. You see, in these four images, you can see the characteristics of my current PC.
Thank you. View attachment 94454 View attachment 94455 View attachment 94456 View attachment 94457

There is the "graphics" selection tab on that windows, try clicking on that and show me some screenshots. Your CPU is kinda weak for mining imo, let's see whether or not your graphic card can handle it.
 

highspeed

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There is the "graphics" selection tab on that windows, try clicking on that and show me some screenshots. Your CPU is kinda weak for mining imo, let's see whether or not your graphic card can handle it.
You're right, what is needed perhaps is just the graphics component (graphics card) of the PC.
This is the pictures inherent to my machine.
PC-Graphic.GIF

Thank you.
 

highspeed

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As for me.. hyip investments or mining investment services.. all of them are still the same in category they both turn to SCAM at last .. the best way is to only invest what you can afford to lose.. none of them can be trusted.
You see, many told me this inherently every HYIP sites, and I must say I have already taken 2 scamm! :(
However I think that on this site, when a user proposes a new one, perhaps also by obligation he must insert the notice:

- Invest only what you can afford to lose! -

(Or also said in other words)
 

Emoney

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You're right, what is needed perhaps is just the graphics component (graphics card) of the PC.
This is the pictures inherent to my machine. View attachment 94467
Thank you.

With i3 CPU and GeForce GT 705 like that, I think your PC is on the weak side, you maybe still able to mine some altcoins with it tho. Just do your research well, and calculate important factor like electricity cost.
 

highspeed

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With i3 CPU and GeForce GT 705 like that, I think your PC is on the weak side, you maybe still able to mine some altcoins with it tho. Just do your research well, and calculate important factor like electricity cost.
You see. It doesn't matter much at the cost of electricity. But I understand, my PC does not have the power to work a lot with the mining system.
It would need an upgrade ... (sooner or later, we'll see ...).

Sorry me, I can only ask, where are you from?
I'm italian.
Thank you.
 

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Bruh, do you even know that electricity cost is one of the most crucial factor in calculating your profit from mining? A lot of miners operate their mining rigs for 24 hours a day, 7 days per week, 31 days a month and 365 days a year. In other words, they operate non-stop, without switching off their mining rigs. This kind of operation will soon causing your electricity bill to blow up if you don't calculate it right. Usually, large scale mining is only possible if you're living in a country where the electricity is cheap, like China.
 

highspeed

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No sorry, I didn't know that, dear friend!
And, now I understand that it is a fundamental factor in the expense / earnings calculation, working in mining.
Thank you.
 

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Cloud mining and hyips are almost one and the same because they turn into scam one or the other day. And when it comes to hardware mining , it costs to buy the mining rigs and other equipments and also consider electricity charges.
 

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Cloud mining and hyips are almost one and the same because they turn into scam one or the other day. And when it comes to hardware mining , it costs to buy the mining rigs and other equipments and also consider electricity charges.
I see. So let's say: the first ones (mining and hyips) certainly become scams, but we don't know when. While the others (real mining), they are safe, but imply a high hardware purchase expense, and also a high consumption of electricity.
Do I understand correctly, my friend?
 

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I see. So let's say: the first ones (mining and hyips) certainly become scams, but we don't know when. While the others (real mining), they are safe, but imply a high hardware purchase expense, and also a high consumption of electricity.
Do I understand correctly, my friend?

Yes, you are correct. But you must also consider the price movement of cryptocurrency you want to mine (especially if you want to buy your own mining rig). Like how recently BTC crashed from 10,000 USD per coin to just 5,000 USD, causing a lot of mining operations struggling with their mining expenses.
 

highspeed

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I see. Inherent to this, I wrote a thread, but it is still awaiting approval.
But look at this graph regarding the Bitcoin / Euro ratio of the last few days, this just the argument about the price by movement of cryptocurrency.
If you could see it dropped by over 50% within a week!
Sorry me, but I'm more than sure, the coronavirus effect has a lot to do with this!
Do you agree?
Regards.
bitc.GIF
 

Emoney

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I see. Inherent to this, I wrote a thread, but it is still awaiting approval.
But look at this graph regarding the Bitcoin / Euro ratio of the last few days, this just the argument about the price by movement of cryptocurrency.
If you could see it dropped by over 50% within a week!
Sorry me, but I'm more than sure, the coronavirus effect has a lot to do with this!
Do you agree?
Regards. View attachment 94851

Well, there's many factors that influence the recent Bitcoin price crash. One of the is how PlusToken scam liquidated a huge amount btc they have, thus crashing the price.
 

KarthikP

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I see. So let's say: the first ones (mining and hyips) certainly become scams, but we don't know when. While the others (real mining), they are safe, but imply a high hardware purchase expense, and also a high consumption of electricity.
Do I understand correctly, my friend?
Yes you are absolutely right.
is a hyips site where you can borrow and also invest bitcoin or pm
If you want to promote anitger site , create a separate thread instead or if the site is already existing , go to that thread and start discussing.
 

highspeed

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is a hyips site where you can borrow and also invest bitcoin or pm
Thanks, dear.
I saw the site, it looks very confident :)
However, currently, unfortunately, I have nothing to invest!
But, well nevertheless I believe, however I could do something there.
Would you still recommend me to join-in with your link?
Maybe you could help me ...
Let me know. Thank you.
 
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