Profit evaluation – Hodl instead of mining
Profit evaluation – Hodl instead of mining
Many people are still not sure how to get good profits from Bitcoin. Doing a good research is often difficult and some people want to make a profit by mining.
But is it really a good idea to generate profits from mining?
For mining, it needs to be mentioned to know about very technical details.
Normal people would hire or call a computer specialist to set it up and whenever a problem arises, you need to call him, which will cause extra costs.
Mining is involved directly in Computer Technology and requires special technical knowledge most common people don’t have, if not studied.
Hosted miners or Cloud Miners are even charging a fee to set up and operate mining devices which will decrease your mining rewards even more but you won’t have to care for technical details to set it up and maintain it.
I would get cloud mining out of this equation, since the vast majority of them are HYIP/Ponzi scams disguised under websites showing some fancy images and numbers.