• After 15+ years, we've made a big change: Android Forums is now Early Bird Club. Learn more here.

What is Bitcoin Mining?

S

Steven Taylor

Lurker
Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?
 
It's not worth mining nowadays unless you are willing to invest heavily, for example building a mining farm in a place where electricity is really cheap.
 
Any suggestion involving your personal computer or insisting you to buy a remote mining package is purely scam.
 
Last edited:
Steven Taylor said:
Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?
Click to expand...
Be prepared for never ending headache lol
 
Well dude, cryptocurrency mining is really costly, however in case you are smart enough, and you understand how it all works, then it will be rewarding for 100%. In case you do something wrong, like you choose the costliest internet connection, or you don't find cheap electricity then surely it will not be rewarding at all. In case you are not sure about mining, then just go and create a forex Islamic account and start trading. Get a good fbs deposit and get on trading. However, i consider that mining is great, in case you will be doing everything correctly then it will be really rewarding.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom