which one of these do you prefer when it comes to making money from crypto currency?
- Trading it with a broker like forex
- Mining your own coins with your own rig
- Cloud mining
- Other (if other please state)
Thank you for taking the time to read and replying.
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Only affiliate whores and idiots who don't understand mining and can't do maths would waste their money on cloud mining as it simply isn't profitable.
As mathematically proven here, if you buy a 15Th/s contract and with a 5% difficulty increase each round, you would only receive 45% of the bitcoin from mining compared to just buying bitcoin directly. And that's just with a 5% difficulty increase per round. Over the last 3 months, the bitcoin difficulty increase has been around 11% on average so you would receive even less than 45%. Also, given the way the price of bitcoin is rising, you can expect even greater difficulty increases further reducing the amount you would mine.
Beyond trading, which is basically just gambling, it's best to just buy bitcoin and hold it.
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I never did any mining before especially in the UK i don't think it's worth it, but i see a lot of people promoting online rental for mining rigs, which i assume they make money from their referral, not the actual mining but was thinking what the amajority of people do ?
in regard to trading i dont see it as gambling personally, but we all have different opinions and it's cool.
Thank you though for commmenting i appreciate it :)
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