I have noticed that most of you are interested in crypto mining. For now, if you dont have enough funds, it is advisable to try out cloud mining. You don't need to buy the hardware which is very pricey, instead you remotelt hire the mining infrastructure. The downsides: some cloud mining sites are scams, so you have to be very keen. It also requires patience and some look like upcoming ponzi schemes.
Most cloud mining sites are scammy. They will pay you initially then one day you will meet the website error when trying to access it. Better do due diligence when looking for a cloud mining site
Cloud mining has a low barrier to entry compared to hardware mining. It can be done anywhere and you don't have to worry about electricity costs, space, noise, and all the other headaches that are associated with traditional mining. Since it has a low barrier to entry, it has become an easy target for scams. With a little investment, you're already in. New investor money is used to pay older investors. In any ponzi scheme, it's just a matter of time before it blows up. I'm all in favor for cloud mining, its gentle on the environment compared to traditional mining and little capital is needed to get started. The challenge now is to find legitimate cloud miners to partner with and make money.
@facebook-sarahrakiel Unfortunately getting a reliable platform is a headache
There are some notable cloud mining sites though there is a huge number that are just fancy-named ponzi schemes
Best way to mine crypto? Step 1: buy a shovel. Step 2: dig yourself a deep hole. That’s where most cloud miners end up anyway. 💀 If you’re feeling brave, maybe just throw some darts at a list of cloud mining sites, same odds as finding a legit one.
