Should We Risk Mining Bitcoin?
You Be The Judge...
About a few weeks ago I wanted to spend my money investing into bitcoin mining only before using steemit but something told me not to. Not too long ago I was doing some research about bitcoin mining and was not to please about the whole thing. Lets see...You have enough hashpower that is above 1 Ehz, Do You Know How Much Is That?! I'm like omg where in hell I am going to get something like that? I do mechanical work but the least I can think about is taking a transformer from a microwave along with its processing slot and use that as a miner and hope it works and does not blow me up into bits; Okay I am getting to 'deep' there but seriously where in hell I am going to get something like that from? Using like a Tribune of Gpus or Cpu processor is very impossible, not only you have to worry about those devices being overheated after overclocking but you have to worry about the cost of your electricity that you generate each day while mining with that type of hashpower, and the devices malfunctioning and stop working, That will really be a waste of money and hard work.
As far as cloud mining goes, I really find it not that bad. There is a problem though, I do not know which cloud mining service to trust. There are a couple of cloud mining schemes that I am trying not to waste my money on. I need a service that I can trust and not to get 'buried beneth the pits of hell', its facts people and I know this had happen too many bitcoin investors. Anyway the least I can do is change my ip address and use Eobot Cloud Mining due the fact that they do not serve NYC residents, so I am going to have to make some changes on that or hit the vpn instead. So that will be all for now, if anyone feel that you want to support me on this then just follow me and check out some of my other post 