Search the Community
Showing results for tags 'mining'.
Found 2 results
-
Hi does anyone know about cloud mining? Does it make any sense? Some people say it's a scam, as you naturally aren't going to get as much BTC back as if you just buy them. But doesn't this assume the price will be stable? Also it seems like this would only apply to people playing the short-term price speculation game. I don't see how the same economics wouldn't apply to investment in any other field. My head is starting to hurt from trying to do the math and economics of it, feel like I am missing something...If I think BTC is a good investment, does buying hashpower from a company in Hong Kong make sense? Or should I just buy the coins? Thanks for your help.
-
Can someone explain to a newb, what’s the point of mining for bitcoins? Would it not be easier just to create whatever the final number of coins would be, dump it into the world and “break the mold”? I clearly don’t know much about the bitcoins, left alone the mining side of it. But from what I can understand the mining is happening much faster than it was originally anticipated and within a couple of years the last coin will be mined. After that all the computing power that went into mining will become obsolete. If you are buying one of those devices now, are you sure you will actually mine something before they run out, at which point that would become a concern?
