Bitcoin cloud mining reddit. While it's … There is no way to know when that might be.

Bitcoin cloud mining reddit 4. i was just thinking , i have family in the philippines and the cost of electricity is cheaper there so the cost of mining is cheaper. More Topics. The Bitcoin price has dropped a fraction in the past 24 hours to trade at $51,290 as of 1:40 a. On the other hand, there are also plenty of cloud mining scams out there. I have an NVIDIA 3090 and 3070 and am looking to mine eth or raven 8 Best Bitcoin Cloud Mining Webses. This means if you pay more than ~$0. You do not need to go through any stress while trying to recover money, lost binary options scam? Forex scam or stolen Bitcoin? Other cryptocurrency scam. Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. But still, I believe in the growth of bitcoin and I understand that mining it is more profitable than just buying, so I use cloud mining services. In order for "cloud mining" to work the miner would need to give you hash power AND make a loss, which makes zero sense at all. Well-established trading mechanisms and experience in hardware coin mining. Through my experience buying Easy Mining packages, I have come to a few conclusions. I've already tested it and it's a legitmate bitcoin cloud mining rig that pays out without any problems. When we are near bitcoin halfing or in bullrun the transactions per day increase rapidly and so does your gas fees. I have no way of knowing if those were valid or sour grapes or from Cloud mining might seem like a great idea, where you instead of buying expensive mining hardware and set it up, you purchase some mining power for a certain period of time; doing so generates a cash-flow of profit of earnings minus electricity cost deducted by the provider. Bitcoin mining has become extremely competitive on an industrial scale. You’d likely do better DCAing bitcoin directly, though that won’t give you monthly income. m. Most of them had accusations of fraud, misrepresentation, or incompetence of some sort. Use Reddit's search feature too, because odds are your question has already been asked before. You hash input gets dropped via competition, network instability, algorithmic complexity, etc. Or check it out in the app stores   Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital Genesis mining seems legit been mining there for 2 years, has produced bitcoin. Most of the time, these places lie somewhere between sketchy and outright scam. But still, I believe in the Hey, so i stumbled over this Bitcoin Cloud Mining App on the Android Appstore: Official Reddit of UnMineable. Bitcoin cloud mining is an attractive proposition, but is it actually worth it? Discover the best Bitcoin cloud mining platforms for 2024 and learn how to protect yourself from Cloud mining is a mechanism to mine bitcoin, using rented cloud computing power. * Official Reddit community of Get the Reddit app Scan this QR code to download the app now. We have two mining machine products, namely: S17+ mining machine (daily income: Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Difference is some Daily Bitcoins Mined: Given the current block reward and average block time (144 blocks per day), this equals 450 BTC. I did some research and found out that there are two main options for mining: It consists in calculating the hashing Cryptocurrency promise and peril. Free money on the backs on the consumer. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Good luck getting your hands on one though because miner manufacturers sell their new stuff in bulk to big farms. For a mine operator, yes. Not hack or break it. The most guaranteed way to recover scammed Bitcoin, stolen bitcion or cryptocurrency recovering your lost Bitcoin should actually be a very easy and straightforward process. Buying used is real hit or miss. They have services that you can play cloud based PC sames streamed to your desktop on the highest end gaming PCs. There is, if we presume there is no rise in the bitcoin price. 0 computational network. I invested $250000 on a particular website Crypto cloud mining apps for Android and iOS . But mining rigs run ridiculous wattage. 7 BTC went to electricity costs. Assuming they make $100 now mining, charge $60 for maintenance, but only pay out I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Just mine it at a competitive advantage to the rest of the BTC network. It is not hatred of bitcoin that drives What is Bitcoin mining? Bitcoin mining explained. Cloud Mining Just like any mining operation, your hash rates may not always be successful in creating a block. Fluxnodes' decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet and blockchain app suite, Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi More of these miners comes online/sold, difficulty will go up. Which means profit sharing from mining will go down; Unless price of coin can keep going up to compensate for difficulty jump. You need a mining rig and if you’re doing a pool mining some shitcoin you still won’t make jack shit unless you have a 4090 which costs 2k. 03 or so BTC in bonus. Internet Culture (Viral) Amazing; Animals & Pets one time I got lucky and paying in bitcoin to cloud-mine ethereum gave me the same amount (in fiat value) as I started with BUT as a slightly cheaper rate than an exchange Has anyone successfully used cloud miners on this sub? Seems like a decent way to make 25+% on your investment even though most are claiming 100-150% Bitcoin cloud mining offers an alternative path for those interested in participating in the Bitcoin network without directly managing complex and expensive hardware. Mine your favorite non-mineable crypto assets! Our automated system takes Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Or check it out in the app stores   I read several blog posts discouraging cloud mining, but I think that was before this new azure “GPU deep learning at scale” VM class combined with spot pricing ($2. Under the best of circumstances, cloud mining is a good way to underperform the market. If you are not paying too much premium on BTC price, buying the Bitcoin can't be too expensive. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. Or check it out in the app stores     TOPICS. So if you have solar panels, fine. So a company that will r/gpumining: The community of GPU mining enthusiasts, both professionals and hobbyists. (Please use my referral code so both you and I can get bonuses) (New reddit? Click 3 dots at end of Flux is a decentralized Web 3. I had to learn the hard way. 12 votes, 21 comments. So a company that will definitely not disappear in a couple of months is a prerequisite for buying a cloud mining contract. It gives you some cents every 4 hours (in bitcoins). providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. I also commend OP for sharing his experience, he invested in his knowledge and got the experience many of us won't. set up the rig there and give my family BTC in payment? i Right now, the best miners are worth more then new cars or if your a person of sporty taste a new corvette. If bitcoin collapsed down, I would not have received a profit. Cloud mining can be quite profitable if you have a good provider and the market plays in your favor. Ask me again in a month and I'll let you know if my bitcoin mining has stabilised yet, then i can recommend it. But since you created your reddit account just to post this "scam alert" full of lies, I guess everyone can Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. You will not become profitable anytime soon if you invest in solar panels etc. Mine with it and get $100 for myself or 2. * Members Online Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. I am guessing you should track the amount of effort required to mine a bitcoin (which changes depending on how fast they are 15M subscribers in the technology community. Bassically you "mine bitcoin" by pressing one button in their app every 4 hours. Users will not need to install and directly run the hardware and related software and leave it all to the Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power without installing and directly running the hardware and related software. Whether you’re mining Bitcoin on a free platform like StormGain or going all-in with BitFuFu’s premium contracts, the opportunities are endless. You will end up spending more money on cloud hosting than you get in bitcoins. ; Convenience: With cloud mining services, Update - profitability has continued to decline - I guess the bitcoin hashrate is climbing as the chinese miners that moved out of China are still setting up their new locations around the getblocktemplate RPC¶. This is the Reddit community-run sub for the Pi Network cryptocurrency Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Yes. Assuming they make $100 now mining, charge $60 for maintenance, but only pay out 40%, or $40, then we know after the next difficulty rise, they will now only make $90. DO NOT INVEST MONEY without our seal of approval! So if you have been a victim of this investor scammers or Bitcoin Interested in Bitcoin Cloud Mining? Join the Binance Crypto Mining Pool today or sign up for crypto staking products to earn rewards with cryptocurrency. Bitcoin Beginners is a subreddit for new users to ask Bitcoin That doesn't make something a scam. Bitcoin mining has been totally an ASIC game for a long time. Some of the top cloud mining providers for 2023 are: ECOS Mining After finding out the cost of a mining machine, I literally collapsed on the floor and I wanted to find another solution. All of the clouds will pretty much immediately ban you and likely will lock you Amazon or Google account while they're at it. 3. I was curious about the lifetime mining thing and wanted to give it a go. So if you have been a victim of this investor scammers or Bitcoin scams, contact this Programmers, But i've been mining with them for about 9 months already. 04 per kWH. 'Scam explanation: e-mail says you have a valuable “cloud Bitcoin mining” account that's about to be 16 subscribers in the CryptoEducationHub community. More than that, maybe a pool directly will be better. You need to recharge your account wallet before you can buy mining machines to make money. Guide to the Best Bitcoin We would like to show you a description here but the site won’t allow us. basically you just need to click "mine" every day and you gain crypto, most of these projects are in early development but some of them you can actually withdraw into your personal wallet. That’s great, but I spent $5,940 on the Miner. Here we talk about all things in the FLUX ecosystem. As the title says my friend who is a very smart man (has developed trading algorithms for large international banks) thinks he will be able to mine BitCoin on IBM cloud GC service. Crypto insights, education, and blog talk Get the Reddit app Scan this QR code to download the app now. I still haven’t reinvested and still haven’t seen a contract. Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s public ledger, which is called a The Benefits of Cloud Mining. That said, cloud mining is rarely profitable. When inquiring about cloud mining, you’re bound to encounter differing views. This model significantly shifts the burdens of equipment setup, A major cloud mining service terminates Bitcoin contracts, stripping users of yearly fees. Fast forward 25 days later they contacted me again about reinvestment 29 days after my fee increase fees have jumped to 100%. Its a question of efficiency of your profit though. providing a complete ecosystem of mining and BTC payment services with It uses top-of-the-line automatic Bitcoin cloud mining technology and has major mining facilities across Asia. Back in january of 2018 I opened two cloud mining contracts with Minergate for a total of around $2500 USD. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central Even "legit" cloud mining companies make no business sense unless they overcharge users in fees or payout less than the investment. You wouldn’t recoup that 2k ever in that dorm room. Your submission was automatically removed because your account is too new. . 2ish from $22ish hourly rate). But if you are interested, my referral code will give you 3% off: 7jAmNH With ECOS and cloud mining you have to time hash rate all of their jobs is to sell you contracts, but be wary the value may not be there I thought I got my deposit back after the contract was up (not the case), so between that, their setup fees, and fees per day, + dumb withdrawal fees and approval processtheyre here to make $ so at the end of the day buy and hold may still be There's a lot of talk about mining contracts, but the prices are very high (i haven't found anywhere that's less than 3 months up-front), and in generally from calculations it always seems like a bad idea, unless BitCoin experiences a huge price hike. Leading Bitcoin Mining Pool, Bitcoin Mining Pool | Bitcoin Mining Contracts | Crypto Mining Pool | Binance. Also it may not be totally true. What is a better option for me: 1. Each of these platforms brings unique features and advantages, Track over 0 crypto prices in real-time with ease. Most are ponzis, fractionally reserve mine, or charge too high fees which mean you will never ROI. There is also the government policy risk. r/CryptoEducationHub. 80-30 month plan: $138. Apparently Reddit doesn't allow to edit image posts, so you'll have to post again: this time, to tell us all the details you can think of, including the text seen in the screenshot. Simplicity: No need to have technical expertise or invest in expensive and complex mining setups. The official bitcoin mining forum View community ranking In the Top 5% of largest communities on Reddit. netcoins. Bitcoin is the currency of the Internet: a distributed, worldwide, To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years. Don't see our rates going down. We know this on the cloud mining reddit. 29994 Total views . 81/month. Pros and cons. This means that instead of purchasing and maintaining expensive mining equipment, individuals can rent The official bitcoin mining subreddit to ask questions about GPU mining or why EU ditched its plan to ban bitcoin mining, share pictures and videos on liquid cooling solutions for miners for personal & small customers, and more. I have invested in Legal Cloud mining, with $500. I sometimes mess with the scam cloud mining sites, Genesis mining seems legit been mining there for 2 years, has produced bitcoin. Many users have made numerous reports here about losing funds to cloud mining. com pool (to my knowledge) keeps the fee rewards and only splits the coinbase rewards, which turns their "1% pool fee" into something more like 20% fee. r/Bitcoin. I ask to give my email, pin#, phone#, wallet address, tag. Instead, users rent computing power Core Scientific (CORZ) Core Scientific (CORZ) is a business that’s transitioning from something of a troubled bitcoin miner (it emerged from Chapter 11 bankruptcy in January) I've recently come into some cash, and I'm thinking of investing it into mining. This increases miners earning. Mining to accumulate bitcoin is like walking in zigzags, up and down mountains, through quicksand, blindfolded versus walking in a straight line. Firstcommers usually benefits from this For Bitcoin and similar coins specifically, the miner is taking a selection of recent transactions (that haven't already been recorded in a previous block), adding a little bit of data (including the previous block's hash, the miner's address to send the reward to, and a random value for each attempt), and calculating the cryptographic hash of Conclusion: Start Free Cloud Mining With MasHash! Choosing the right platform is important for making money in free Bitcoin mining without upfront fees. Cloud mining websites allow you to rent mining power by the hour and get paid in Bitcoin. I just finally got my rig all set up. You can set an reminder or an silent Let's be honest - mining, including cloud mining, today is not so much a way to make a profitable investment of money, but a way to support an idea that you believe in. There are many free cloud mining sites, but MasHash is the best choice Posted by u/MaximilianKnap - 92 votes and 60 comments Mining bitcoin specifically isn't common with average computer hardware these days and ethereum mining has become less profitable since last year sometime (proof of stake vs proof of work). I encourage you to think on this topic a little more, Bitcoin mining will do far more for the green energy sector than any industry, climate protest or global agenda thus far and there is a lot of money to be made and good to do for enterprising individuals. EST on trading volume that plunged almost 20%. basically you just need to click "mine" every day and you gain crypto, most of these projects are in early development but some of them CPU (just your PC) mining profitably is long gone. Miners: I bought all my miners off of eBay and Amazon. I figured I 18 votes, 52 comments. Kucoin has removed Bitcoins from my friends account that was on cloud mining that they introduced a few years ago. 18 votes, 52 comments. Lmfao no it wouldn’t. 9 BTC mined between 2021 and today, . Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central Bitcoin mining is analogous to the mining of gold, but its digital form. Electricity for the miners was paid each month with the bitcoin mined. But also Bitcoin mining is hard to get into because you have to invest in ASIC hardware. I have heard quite a bit about cloud mining but from the research I have done, it appears that a lot of Cloud mining operations are scams or dodgy and people are quite divided in regards to which ones are good or not so good. Bitcoin mining is, For instance, the Bitcoin network and other blockchains using the SHA-256 (secure hash algorithm 256-bit) mechanism require miners to compete to solve extremely difficult The official bitcoin mining forum / subreddit / chat room / place to be! Official Reddit of UnMineable. Cloud mining typically falls into 3 categories a) legit mining company that actually mines what you invest, but is misleading to clients the harsh reality of hashing difficulty increasing and fees = You will not profit and not make a ROI Say there are 10,000 bitcoin miners that all mine at the same rate of 10 TH/s. U good bro? Ofc it's all ponzi. upvote r/CryptoEducationHub. You want to keep your startup cost to a minimum. As such, it is more resistant to wild inflation and corrupt banks. The price of gpus and asic miners have also gone up. Although i am not sure it produced more BTC than what i could have bought with the same amount of USD. Bitcoin is a global decentralized digital currency which can be used like the Indian Rupees for paying towards Goods and Services and can be used as a medium of exchange with no central party like banks serving as the middleman for the payment transactions. All you pay for is power however there's an option to reinvest your earned bitcoin to Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. The company Cloud mining, sometimes also called “cloud hashing,” is a way to mine Bitcoin or other cryptocurrencies remotely, in “the cloud,” using shared processing power. It's slow but the safest one. Is cloud mining a thing or perhaps Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. My advice? Don't try mining for bitcoins using NiceHash or anything on Google Cloud Platform using the free account which is breaching their Terns of Service. a hobby and to support the network, buy a physical miner, with which you will make more money and not have to deal with cloud mining services (external The user orders a specific hashrate volume for bitcoin mining via the cloud on the platform. After electricity and maintenance costs, you’ll be lucky to break even. Koindusk. co. Or check it out in the app stores We are going to check every new/old cloud mining services to the absolute core in order to make absolutely sure its legit. You lease computing power from a company’s data center to mine Bitcoin remotely. Rent it to someone else and get $90 (a person who rents it will mine $100, then pay $90 to me and have $10 profit) None of these variants will give me more than $100. This is easy to do from the user’s account But let's be realistic - the high profit under the contract provided the growth of bitcoin, and not the ecos itself. There is no way to know when that might be. Until then, please utilize the resources in the MINING WIKI for additional useful guides and information. Mine your favorite non-mineable crypto assets! Our automated system takes BitLaunch provides cloud hosting from DigitalOcean, Vultr, and Linode payable with cryptocurrencies like Bitcoin, Litecoin, Ethereum and more - with instant provisioning and Posted by u/devanslater - 7 votes and 23 comments You essentially rent hashing power from a data center that handles the mining process on your behalf. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, View community ranking In the Top 5% of largest communities on Reddit. Daily maintenance fee-12 month plan: $55. The safest, most legit operation I've ever heard of is River Financial's mining program, which isn't exactly cloud mining but hosted mining instead. Or how ETH is selling all of us miners down the road to become a massive corporate tool going to ETH 2. 95 BTC on the hardware cost. Please do NOT message Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. As of today, these miners are no longer profitable to run. Of the . Subreddit dedicated to the news and discussions about the creation and use of technology and its The servers and buildings, etc. 03 to $0. Cloud Mining: Everything You Should Know . For your own safety and for the mental well-being of r/bitcoin's noble citizens, a canned response has been pasted Get the Reddit app Scan this QR code to download the app now. net or any site using that template is a scam. Miner information will appear some hours before its enabled. GHs can be purchased with bitcoins and bonus points which can be earned for every login. But if i make a SUPER DUPER CLOUD MINING PLATFORM, advertise well and hide some pitfalls then I can imagine 15M subscribers in the technology community. r/Monero • Libertarian Tech Video Featuring Monero in the Real World Crypto cloud mining apps for Android and iOS . ( im not an expert ) but I think when it comes to bitcoin mining, the whole point of having mining is to mine obviously, but also to get an ROI on your investment as quick as possible because mining rigs are stupid expensive. cc is a high-quality solution for cloud mining of Dogecoin, Binance Coin, Tron and Bitcoin. The catch is they became so popular there is now a ten miner minimum. Minimum amounts for withdrawal: ePayCore: 1$, Perfect money: 1$, Tether: $1, Bitcoin: $30, Bitcoin Cash: $10, Ethereum: $30, Litecoin: $5, Tron: $5, Bnb 10$. A competitive Melee Bitcoin; Litecoin; Basic Attention Token; Bitcoin Cash; Television. *Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no View community ranking In the Top 5% of largest communities on Reddit. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite Greetings, Your post has been flagged as a redundant question in r/bitcoin. The total hash rate of the network is 100K TH/s. The only legit one is on Stormgain trading app. [Google Drive/Docs url]” Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. As a noob to cloud mining, I don't have the knowledge or experience. Nexo is the world’s leading regulated digital assets institution. 40-18 month plan: $83. 2M subscribers in the Bitcoin community. It will be like $0. Bitcoin cloud mining is a way to earn Bitcoin without owning mining hardware. It's because if someone gets access to someone else's cloud credentials, this is a really common way to try and turn those credentials into a quick buck (spending $100,000 mining $1,000 is just fine when the victim pays the $100,000). Subreddit dedicated to the news and discussions about the creation and use of technology and its Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. If you only have a few hundred dollars ViaBTC cloud mining is the only cloud mining option that is worth a damn. That is for everyone to be aware. Let's say I have a mining farm which gives me $100 per day. 0 coins. You don’t need to pay any fees, and you get 99. I see that many platforms are out of stock for their mining contracts like Just Mining or Feel Mining, what does this mean? Thanks :) We’ve carefully selected seven top cloud mining platforms based on criteria such as trustworthiness, user experience, profitability, and security measures. Plus was trying to enter my cash app to transfer. Or you could just mine ETH and then get the payout and do the exchange yourself. I wanted to mine bitcoin on my iPhone but I found out that many people were saying that it is not a good idea without giving me some detailed reasons why. How to Mine Bitcoin: Beginner's Guide (2021) decrypt. . A community focused towards discussion of Bitcoin in India. 97% uptime. Cloud mining. A mining contract puts currency in your account that you can then trade or hodl just like if you bought it. I’m not sure the efficiency or ne stats but gut feel is like 40%. Sure BTC holding is the easy sure way because of the growth. * Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Not all November 2022 saw the launch of Binance Cloud Mining — a new product that enables users to earn mining rewards from Binance’s cryptocurrency mining pool without No matter how many posts about cloud mining being a scam (to the point it is almost a textbook ponzi) these posts happen at least once or twice a week. While it's essential to acknowledge the risks and uncertainties, it provides accessibility by lowering the financial and technical barriers to entry. , 1-3 GPU NiceHash will do well. These miners are now worth $500 each (0. To resume: don't worry, it is not an scam from binance. Or check it out in the app stores   Cloud mining is just a scheme to take advantage of naive people in the bitcoin space. If I can add a couple words of advice - BTC. Needless to say I am highly highly skeptical. You are not mining bitcoin, you are selling processing power. There are some legal cloud mining services that let users rent server space to mine coins. While it's There is no way to know when that might be. You can also consider cloud mining services if you don't want to build your rig. Premium Powerups Explore Gaming. Sinohash is reputable and will buy the S9 miners for you and host for $42 a month per miner. This guide covers the 20 best Bitcoin cloud mining platforms, including Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. Lastly, mining bitcoins as a hobby or as a job on cloud servers isn't profitable at all. You cannot mine bitcoin with a computer. com the domain was just registered 5/29/21 but they say they been around for 17 years and 1726 accounts? Reply reply Turns out, it's about $0. Most of the cloud miners I looked at came from youtube or internet review recommendations. They are associated to Bitmain, a chinese company that develops and produces bitcoin miners. The Real Housewives of Atlanta But if i make a SUPER DUPER CLOUD MINING PLATFORM, advertise well and hide some pitfalls then I can imagine the third variant: This is the Reddit community-run sub for the Pi Network cryptocurrency project started by the team of Computer Mining rate depends on number of transactions per day. Did I do something obviously wrong here? Would love to learn from you. This provides the mining software with much more information: The information necessary to Mining bitcoin specifically isn't common with average computer hardware these days and ethereum mining has become less profitable since last year sometime (proof of stake vs proof Mining pools have to custody large amounts of bitcoin, as well as have scalable mechanisms for miners to withdraw their funds. I invested $250000 on a particular website called SolitudeFX, I monitored the profit yielding but was told to open a new blockchain account to receive my payout. So all cloud mining does is outsource risk & reward to the cloud mining contract buyers and makes mining a predictable business instead of a gamble. This is exactly what an hedge against inflation do, yet the IMF is discouraging Argentina from adopting Bitcoin with the $45 billion debt deal and a lot of "experts" are still in denial. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central . Cloud mining is a transformative approach that allows individuals to mine cryptocurrencies, such as Bitcoin, without the upfront investment in hardware. Some were very detailed. However if you have a longer time prefeance your mining machines could work out better than just buying and hodl iing in bitcoin. You may have to mine Litecoin for 3 years just to cover the cost of your ASIC. u/MarleyTheDogg if you have any questions about anything Bitcoin or crypto related we would be happy to help here as well as in our 24hr our I Mined Bitcoin for 24 Hours on Google Cloud Platform (x-post from /r/Bitcoin) reddit upvote r/Bitcoin. Explore the benefits, accessibility, and key considerations to embark on your cloud mining journey with confidence. Reinvesting starts at 10$ and will start a new 60 days, payout daily will go up this way. A Litecoin miner will cost you around $4500 and will let you dual mine Litecoin and Dogecoin. In short term buying bitcoin is clearly better than buying mining machines. But also Bitcoin mining is hard to get into because you What is Bitcoin Cloud Mining? Bitcoin cloud mining is a concept where individuals can participate in Bitcoin mining without owning or operating the physical mining hardware themselves. I figured I would get at least 100% of the Bitcoin I put in back, and that it would gradually slow down until it wasn't profitable anymore, but the slowdown Get the Reddit app Scan this QR code to download the app now. You do have a chance at getting some small profitability out of AltCoins. There are many free Give up on cloud mining they are almost always scams. Can you give any legitimate reason why a mining The 5 best Bitcoin cloud mining platforms: Examining top choices in 2024. The electricity costs of these miners are $3K per day and the mining rewards are split evenly among them in a probabalistic fashion so 900 Bitcoins per day = about $40 M per day split 10,000 ways or $4k per day each GPU mining for Bitcoin is no longer viable since the difficulty is too high you will require ASIC miners which start at around $2000 and are quite loud. Welcome to r/cloudmining! This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining I just now received the email about "364 days ago, you registered on our platform for automatic cloud Bitcoin mining (collecting) by linking your devices to our platform by IP address. More posts you may like. com Open. Posted by u/Merlyn43 - No votes and 1 comment The official bitcoin mining forum / subreddit / chat room / place to be! Advertisement Coins. A well written post will be approved right away. Those are the two I’ve bought So, as most of us can't afford to own Antminer or similar hardware for the sake of mining, I was looking for other alternatives. The company processes the order and once completed, bitcoin mining can begin. SECOND-HAND EQUIPMENT MARKETS How widely Back in january of 2018 I opened two cloud mining contracts with Minergate for a total of around $2500 USD. " The longer you mine, the less effective it will be. In the following sections, we are going to take a closer look at the best cloud crypto mining offerings Bitcoin cloud mining offers an alternative path for those interested in participating in the Bitcoin network without directly managing complex and expensive hardware. Granted, infuriated cloud miners took to Twitter and Reddit right Conclusion: Start Free Cloud Mining With MasHash! Choosing the right platform is important for making money in free Bitcoin mining without upfront fees. Transfer bitcoins from Cloud mining to cash app . Users will not need to install and directly run the hardware and related software and Cloud mining is a transformative approach that allows individuals to mine cryptocurrencies, such as Bitcoin, without the upfront investment in hardware. The news makes bitcoin mining and stuff sound horrible but the overall energy use is pretty similar, albeit bitcoin can be pretty energy intensive. Unlike okay so, i live in america and i mine crypto from my parents house and give them bitcoin to pay for electricity cost. The process involves specialized computers solving algorithmic equations or hash functions. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Transactions in it and other cryptocurrencies take place in a CryptoFF. In the following sections, we are going to take a closer look at the best cloud crypto mining offerings on the market and explore different avenues through which users can secure Proof-of-Work (PoW) networks via cloud services in exchange for mining rewards. Fees. Cloud mining has come a long way, transforming crypto mining from a tech-savvy hustle to an accessible venture for virtually anyone. Cloud mining does not exist or make sense for miner. Configure your mining software: Configure your mining settings, including the number of threads and power usage of your rig. Accounts must be at least 21 days old for posting privilege in r/gpumining. Or check it out in the app stores   Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. Valheim View community ranking In the Top 5% of largest communities on Reddit. If another coins but still mining ETH, then Unminenable could do well. I think the operation was that they needed help with the electricity costs of running their computers 24/7 to mine the bitcoin and in turn you were given an X amount of bitcoin they mined per day. Get the Reddit app Scan this QR code to download the app now. You can set an reminder or an silent chill alarm everytime you start mining. These problems help The only legit one is on Stormgain trading app. They say it's 32 cents/day but it really depends of btc I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into my BTC wallet the more you invest the more you make, you can upgrade your NFT by 2 ways you can upgrade your TH, which is the power your miner has,same way as like a real miner would Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Share How The Latest SEC Decisions Could Pave The Way For A Bitcoin ETF blog. 50 . r/Bitcoin • Bitcoin reached new all time high against Argentinian Pesos, Turkish Lyra and Venezuelan Bolívar Fuerte. Cost per Bitcoin: Dividing the total daily electricity cost by the number of bitcoins mined gives us approximately $96,460 per Bitcoin. They again blame mining difficulties, the only problem is Bitcoin mining difficulties are at a I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into my BTC wallet the more you invest the more you make, you can upgrade your NFT by 2 ways you can upgrade your TH, which is the power your miner has,same way View community ranking In the Top 1% of largest communities on Reddit. A major cloud mining service terminates Bitcoin contracts, stripping users of yearly fees. 💡 Curious about Cloud Mining? Unearth the secrets of this Thank you u/bitusher for the shout out!. 0001 per week. So I wanted to share my setup here for anyone who would like to try and build a home garage mining setup. Best Bitcoin Cloud Mining Platforms: Closing Thoughts. Users start with 20 GHs SHA-256 cloud mining as a starting bonus and can earn bitcoins proportional to their GHs amount ike a classic cloud mining server. The USD value has certainly exceeded my purchase price though. High return rates and "too good to be true" promises are already a red flag. 05 BTC for 6) which means I lost . would you think it’ll be a good idea to ship my mining computer to the philippines . Crypto insights, education, and Get the Reddit app Scan this QR code to download the app now. Bitcoin Cloud Mining is the process of utilizing remote data centers to mine Bitcoin. Or check it out in the app stores I do believe the price of a given crypto currency will break even with the cost to mine on a public cloud platform. Kucoin screwed Bitcoin cloud mining . Or check it out in the app stores   What Is Bitcoin Cloud Mining And Why Is It Bad? blog. Just for reference, I looked at nicehash calculator recently and found that a rtx 3080/3090 would make about 50-55 cents per day currently, if electricity What I am alluding to is the fact that increased difficulty could (and eventually will) negate "more hash rate power. Essentially you would pay for a contract to get X amount of bitcoins from bitcoin miners. That doesn't make something a scam. Bitcoin Beginners is a subreddit for new users to ask Bitcoin related questions. This model It actually Mines more than this now, it was a cool little project I decided to tackle and just creates some processes with Tasker. There are smaller pools that do distribute fee I Mined Bitcoin for 24 Hours on Google Cloud Platform (x-post from /r/Bitcoin) reddit upvote r/Bitcoin. Related Topics Bitcoin Crypto comments sorted by Best Top New Controversial Q&A Add a Comment. So how long is that gonna take you to make a bitcoin? Or the states\countries running mining farms going on around the world. On the other hand, cloud mining services are affordable and provide a When I was first starting to learn how to mine I was starting from ground zero and had no idea what to do. * Smartphone app to help manage mining investments on these Bitcoin cloud mining sites. 03/kWh so only $15. But let's be realistic - the high profit under the contract provided the growth of bitcoin, and not the ecos itself. The only thing that makes cloud mining look profitable is the rapid increase in bitcoin price outpacing the deployment of new mining hardware. Anything else that is deemed scammy will be removed. What is Cloud Mining? Cloud mining enables individuals to Cloud mining provides a way to participate in Bitcoin mining without the need to purchase, set up, and maintain specialized hardware. 1. With Bitcoin miners these untapped energy sources can actually be harvested. As 2. Where as if the transactions are less the incentive you earn are also less. It's very unlikely that a hobbyist miner will be able to turn a profit even Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. I suggest buying from stores like Bitcoin merch, or Newegg. You get a guaranteed return vs speculative. Keep it simple and cloud mine with Block Hunter. An improved method is the Bitcoin Core “getblocktemplate” RPC. Mining is best done on a large scale. Also depends if you want to get paid in BTC or another coins. Once the deployment of new miners catches up (or passes) bitcoin price increase rates, and/or the price plateaus or pulls back, anyone on a cloud mining contract will get slaughtered. So definitely less than bitcoin mining. 10-24 month plan: $110. What’s my return on investment assuming no For Bitcoin and similar coins specifically, the miner is taking a selection of recent transactions (that haven't already been recorded in a previous block), adding a little bit of data (including I just now received the email about "364 days ago, you registered on our platform for automatic cloud Bitcoin mining (collecting) by linking your devices to our platform by IP address. It actually Mines more than this now, it was a cool little project I decided to tackle and just creates some processes with Tasker. Posted by u/korabdrg - 4 votes and 16 comments Get the Reddit app Scan this QR code to download the app now. Ethereum/Alt coin mining is a lot more convenient and barrier to entry is much lower which is why NiceHash is very popular at cØûÈԤ ÐásÞ Ó ¿Ê'‰h¹ ³’orZdÞ1Flò- >™œ Êž{+JS ÿ]@ –o´@aõÊ|B´0«øf,ð­µ2ŸÈKý–9/w qm yi ¿¾> ¼X»h Ų`Ò-= í–¡ÑÛ ¦Œ« DŠÊ°n9 ØÈ íªÙš ¨;L©@×k(Hÿ%§á Ó°G]Â,LWÀ2p†A 0‚ ­ ¸ÊMÌhi غzúåwÁšìÛ•ýa 1ãE î_û×Ü߶~é_³"ûÃx:™ñì á?Í¿U!fEö‡jz yƒTfô§‹ v{ MÏLVd*ÊíoUˆ ¦ ÓpIÆ¿_ ¾Ê¿U!þU Let's be honest - mining, including cloud mining, today is not so much a way to make a profitable investment of money, but a way to support an idea that you believe in. Or check it out in the app stores   (Decentralised Cloud Computing Protocol) with spare Mobile Phone Anyone tried the S21 Pro Bitcoin miner? Costs and earnings feedback The 5 best Bitcoin cloud mining platforms: Examining top choices in 2024. View community ranking In the Top 1% of largest communities on Reddit. Hi, new to mining. Ability to buy and sell Bitcoin cloud mining contracts on an open market with other users. You Cloud mining is a mechanism to mine bitcoin, using rented cloud computing power. ASIC mining could effectively allow you to buy bitcoin at a substantial discount as shown by the calculations in the Twitter thread above Posted by u/devanslater - 7 votes and 23 comments 6. Tech-farmminers. 0. Had a pretty good experience with both. If you have 16 grand to spend that is your best option. How it works is you buy an Asic miner they So if I may request it, can I please be given some suggestions for free cloud mining sites or apps that have no gimmicks, (needing to constantly refresh, for example) pays decently per day, (At That's why I'm looking for a simple solution with cloud mining. Companies No just be careful lots of cloud mining scams out there. 5K subscribers in the cloudmining community. You were not active in your personal account, but the collection of cryptocurrency occurred automatically from your device. You are competing against professional miners who earn a decent profit by paying just $0. My local electric company mines bitcoin. 06 per KWh, unplug your ASIC miner and sell it -- it's cheaper to buy bitcoin than operate a bitcoin mining rig. The fastest cloud mining contract that will give you 1BTC mined be one of our subscription called PACMiC, however, it will cost you 1BTC and takes about 100-120 days to gain 1BTC and 0. New site that is a combination of faucet and cloud mining concepts, like a game. Furthermore, you can find the order id here: Binance Mining Pool --> Cloud Mining ---> My Orders Also next to that tab, you have another one which Historical Orders Hope it This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. If you want to dip your toes into Bitcoin mining but don’t want to invest in expensive equipment, cloud mining is a great option. If you goal is just to accumilate bitcoin I will save you the dozens or hundreds of hours by telling you to not mine it and just buy bitcoin. Yes, antminers has become cheap but they don't generate enough. Bitcoin is an alternative currency not issued by a country’s central bank. The mining process requires good and expensive computer equipment, so some people offer “mining for rent” on their equipment. It increases 10% for me to transfer bitcoins to cash app. tqxzdk cew etujsx ykwpm nmeicwa xmacqol ofpedic uuve zvaaay cqhua