In today's video I talked about why I'm changing the way my mining contracts are allocated. This is part due to gradually increasing fees in sending a BTC transaction.
Why I'm no longer mining bitcoin
7 years ago by wthomas (56)
$0.34
- Past Payouts $0.34
- - Author $0.27
- - Curators $0.07
12 votes
- + walterjay: $0.156 (60%)
- + robert-call: $0.110 (10%)
- + wthomas: $0.035 (100%)
- + ryanblue7s: $0.014 (100%)
- + businesswri: $0.008 (100%)
- + cozzasteem: $0.004 (100%)
- + brucebrownftw: $0.003 (100%)
- + blapone420: $0.003 (100%)
- + retailtrader: $0.002 (100%)
- + cromedome: $0.002 (100%)
- + spikykevin: $0.000 (100%)
- + thomasgutierrez: $0.000 (100%)
I am slowly gotten into cloud mining. Right now i am focusing on Steem, Dash and Eth. I have seen the rates go up with BTC. It's been about 1 dollar or more to transfer to other currencies. I am hoping something else with less built in issues steps up. I am sure Bitcoin will continue to be the "gold/real estate" of cryptocurrencies but we need something decentralized that will compete with Visa and Mastercard. I mean, it's not Bitcoin.. that is for sure. It's too slow and way to expensive. Thanks for the info.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your feedback @brucebrownftw. I think we are hoping on faster coins like LTC, Pivx to compete with Visa/MC networks. If you cant beat them, join then, Companies like Bitpay are using the networks of these giants to process cryptocurrency transactions, even though they are simply converting crypto currency to Fiat.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting. I'm new to the idea of mining and want to research it. Thank you for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is certainly less expensive than maintaining and going it alone with your own equipment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can imagine. I wonder which is more profitable? Getting your own equipment or mining contracts
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It depends on where you live and the cost of electricity. These miners are power hungry, they tend to run very hot. I would prefer the cloud mining route, but if you like doing things yourself then you can do your own mining.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit