Bit Coin Mining - Hashflare

[Nathan]

So I've been trying to figure out the best method of mining bit coins as of late.

CPU and GPU are not viable options anymore and I didn't want to actually purchase hardware to have in my home.

I've found this site Hashflare that allows you to rent their hardware a year at a time at a fixed cost, will see how that goes.

 

[jaymish]

I'm researching this area myself.Bitcoin is the hot topic in my country and I guess globally. My biggest concern is that does it make sense to buy it directly or to mine? In my country there is a a mining club where people pay a onetime fee to join, they then earn from the club each day. The earnings are minimal and the only way to earn big money is to recruit other people under you. This is still too much of a grey area and is even more risky then investing in bitcoin, so at the moment, I'm at status confused.

[tiong8d]

Just gonna share my idea on this. I have watched someone's idea of bitcoin and he said that it is not safe to invest in it. Rather, invest on the stock market who produces the CPU and GPU. For example, NVIDIA and AMD produces the best mining gears for you to mine bitcoin. Instead of investing to mine, why not invest on the stocks of these big companies? Just sharing the idea. I dont personally invest in bitcoin. I'm just a free taker of airdrops which is ETH based coins. Good times!

[Martinsx]

I'm thorn between either mining bitcoin and buying bitcoin as investment. Some people say it's better to take to mining if you have the time, while other says it's not worth the stress and time wasting with the opinion of buying bitcoin directly. Please I would like to know which one is better in your opinion. 

Thanks,

Martins. 

[tiong8d]

On 3/17/2018 at 4:14 AM, Martinsx said:

I'm thorn between either mining bitcoin and buying bitcoin as investment. Some people say it's better to take to mining if you have the time, while other says it's not worth the stress and time wasting with the opinion of buying bitcoin directly. Please I would like to know which one is better in your opinion. 

Thanks,

Martins. 

If you have good equipment, and can sustain more earnings rather than the loss (electricity), then you can go for mining. Also, this only applies to bulk equipment. If you don't have that enough capital, then you should go for investing into bitcoin. I also suggest you invest on something that is new and trusted. I personally having this "airdrops" and you can earn free ETH based altcoins just by signing up. If you are interested I can explain it to you. Planning to make a youtube channel about this one also. I will share all my knowledge about these crypto ETH based altcoins.

[Martinsx]

On 3/17/2018 at 9:25 PM, tiong8d said:

If you have good equipment, and can sustain more earnings rather than the loss (electricity), then you can go for mining. Also, this only applies to bulk equipment. If you don't have that enough capital, then you should go for investing into bitcoin. I also suggest you invest on something that is new and trusted. I personally having this "airdrops" and you can earn free ETH based altcoins just by signing up. If you are interested I can explain it to you. Planning to make a youtube channel about this one also. I will share all my knowledge about these crypto ETH based altcoins.

I'm interested mate, please feel free to give me any tips on how to proceed either through this thread comment or a private message. I would really appreciate that. 

Thanks for your assistance in advance. 

[wallet]

Mining bitcoin is not worth the time and nerves, I think that is better to buy bitcoins and invest, in this way you may have a good profit without stress. Of course, you must be good at investment or you will risk losing all you have.

[kd06]

I tried mining too, but unfortunately had no luck in it for I signed up at the wrong sites. So far I have settled with free faucets and learning about airdrops too. I am never agree into investing for you'll never know where Bitcoins will be the day.